City of Canyon Commission Meetings

AGENDA NOTICE OF MEETING Notice is hereby given that the governing body of the City of Canyon will meet at 4:30 p.m. on Monday, the 21st day of November 2022 in the Commission Chambers of City Hall at 301 16th Street in the City of Canyon to discuss the following agenda items. Social Distancing and masks are encouraged. The meeting is broadcast on YouTube. YouTube does provide closed captioning on the recorded video, it is not provided real-time. 1. Call to Order. 2. Invocation. 3. Pledge of Allegiance. 4. Approval of the Minutes of the Meeting of November 8, 2022. 5. Public Comment – Comments from Interested Citizens. 6. Introduction of Planning and Development Director Lucas Raley. 7. Presentation of Lifesaving Awards to Canyon Police Department Corporal Garrett Banes and Patrol Officer Jabril Hill for their Actions on October 13, 2022. 8. Consider and Take Appropriate Action on Adoption of Canyon Downtown TIRZ #1 Final Project Plan. 9. Consider and Take Appropriate Action on Chapman Forestry Foundation Grant Acceptance and Update of Canyon Aqua Park (The CAP) 2022 Season. 10. Executive Session Pursuant to §551.071 Consultation with Attorney, §551.074 Personnel Matters (EDC Director) and §551.074 Board Appointments (Board of City Development, Canyon Housing Authority, Construction Advisory and Appeals Board, Canyon Area Library Board, Planning and Zoning Commission, Parks, Open Space and Recreation Advisory Committee, Zoning Board of Adjustment, Main Street Advisory Board). 11. Consider and Take Appropriate Action on Items Discussed in Executive Session. 12. Adjourn. Joe Price Joe Price, City Manager I certify that the above Notice of Meeting was posted on the bulletin board of the Civic Complex of the City of Canyon, Texas on the 18th day of November 2022. Gretchen Mercer, City Clerk City of Canyon City Commission Meeting November 8, 2022 The City Commission of the City of Canyon met at 4:30 pm in the City Commission Chambers of the Civic Complex. Mayor Gary Hinders presided over the meeting with the following Commissioners in attendance, Mayor Pro-Tem Cody Jones, Kelsey Ward, and Randy Ray. Commissioner Paul Lyons was unable to attend. Also present were the following City Staff: City Manager Joe Price, Assistant City Manager Jon Behrens, City Secretary Gretchen Mercer, Finance Director Joel Wright, Planning and Development Building Official Craig Brown, Planning and Development Inspector Stan Barnard, Communications Director Megan Nelson, Police Chief Steve Brush, Fire Chief Dennis Gwyn, Assistant Fire Chief Vince Whitfill, Water Superintendent Eric Whitten, Canyon Economic Development Board President Jim Bryan, Canyon Economic Corporation Administrative Assistant Brittany Bates and City Attorney Chuck Hester. Item 1. Call to Order. Mayor Hinders called the meeting to order at 4:34 pm. Item 2. Invocation. Commissioner Ray gave the invocation. Item 3. Pledge of Allegiance. The Pledge of Allegiance was led by Mayor Pro-Tem Jones. Item 4. Approval of the Minutes of the Meeting of October 17, 2022 Commissioner Ray moved, duly seconded by Mayor Pro-Tem Jones to approve the minutes of October 17, 2022 as presented. Motion carried unanimously. Item 5. Public Comment – Comments from Interested Citizens No comments were made. Item 6. Consider and Take Appropriate Action on Second and Final Reading of Resolution No. 25-2022, A Resolution of the City Commission of the City of Canyon Approving Project Funding Agreement Between 806 FIT, LLC and Canyon Economic Development Corporation Relating to Business Expansion in Canyon. Canyon Economic Development Board President Jim Bryan presented Resolution No. 25-2022 for the second and final reading. Mr. Bryan said the CEDC approved project funding of $100,000 for 806 Fit, LLC for business expansion. Mr. Bryan said the CEDC Board held a public hearing October 13, 2022 and received no opposition. After discussion, Commissioner Ward moved, duly seconded by Mayor Pro-Tem Jones to adopt Resolution No. 25-2022 as presented. Motion carried unanimously. City Commission Meeting November 8, 2022 Page 2 of 3 RESOLUTION NO. 25-2022 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF CANYON APPROVING PROJECT FUNDING AGREEMENT BETWEEN 806 FIT, LLC AND CANYON ECONOMIC DEVELOPMENT CORPORATION RELATING TO BUSINESS EXPANSION IN CANYON. Item 7. Consider and Take Appropriate Action on Request from Aurelio Rivas for the Continued Donation of Water for the Canyon Community Garden Located Between 1st and 2nd Avenue and 18th and 19 Street. City Secretary Gretchen Mercer presented a request from Aurelio Rivas for the continued donation of water for the Canyon Community Garden. Mr. Rivas was present to answer questions. Mr. Rivas said 300 plus residents visit the garden each year. After discussion, Commissioner Ray moved, duly seconded by Mayor Pro-Tem Jones to approve the City of Canyon to continue donating water to the Canyon Community Garden for two years. Motion carried unanimously. Item 8. Consider and Take Appropriate Action on Resolution No. 26-2022, A Resolution of the City of Canyon, Texas Supporting the Application and Acceptance of a FEMA AFG Grant for the Purchase of Self-Contained Breathing Apparatus, and Associated Equipment for the Canyon Fire Department; and Authorizing the Fire Chief to Represent the City in All Matters Pertaining to the Administration of the Grant. Fire Chief Dennis Gwyn presented Resolution No. 26-2022 for consideration. Chief Gwyn stated the current equipment used by the Canyon Fire Department was becoming obsolete. Chief Gwyn said the Fire Department would like to pursue a grant that would provide new equipment that has a tracking system, speaker system in the headgear making it easier to speak and be heard, and other new safety measures built in that would keep fire fighters much safer. Chief Gwyn said a professional grant writer would be hired to write this grant that specializes in grant writing for Fire Departments for approximately $2,000. After discussion, Mayor Pro-Tem Jones moved, duly seconded by Commissioner Ray to adopt Resolution No. 26-2022 authorizing the Fire Department to pursue the application of a FEMA AFG Grant to replace the current SCBA and associated equipment. Motion carried unanimously. RESOLUTION NO. 26-2022 A RESOLUTION OF THE CITY OF CANYON, TEXAS SUPPORTING THE APPLICATION AND ACCEPTANCE OF A FEMA AFG GRANT FOR THE PURCHASE OF SELF- CONTAINED BREATHING APPARATUS, AND ASSOCIATED EQUIPMENT FOR THE CANYON FIRE DEPARTMENT; AND AUTHORIZING THE FIRE CHIEF TO REPRESENT THE CITY IN ALL MATTERS PERTAINING TO THE ADMINISTRATION OF THE GRANT. City Commission Meeting November 8, 2022 Page 3 of 3 Item 9. Consider and Take Appropriate Action on Resolution No. 27-2022, A Resolution of the City Commission of the City of Canyon, Texas, Prescribing Limitations on Parking or Standing Motor Vehicles or Trailers During Parade to be Held December 3, 2022. Police Chief Steve Brush presented Resolution No. 27-2022 for consideration. Chief Brush stated the adoption of Resolution No. 27-2022 would prevent parking along the parade route for the Christmas Parade December 3, 2022. After discussion Commissioner Ward moved, duly seconded by Mayor Pro-Tem Jones to adopt Resolution No. 27-2022 as presented. Motion carried unanimously. Item 10. Consider and Take Appropriate Action on Presentation of City of Canyon 2022 Strategic Plan Third Quarter Update. Assistant City Manager Jon Behrens presented an update on the progress of the 2022 Strategic Plan. No action, informational only. Item 11. Executive Session Pursuant to §551.071 Consultation with Attorney, and §551.074 Personnel Matters (EDC Director) Mayor Hinders indicated the City Commission would adjourn into Executive Session at 5:14 pm. Item 12. Consider and Take Appropriate Action on Items Discussed in Executive Session. Upon returning from Executive Session at 5:48 pm, no action was taken. Item 13. Consider and Take Appropriate Action on Meeting Dates for November, December 2022 and January, February 2023. After discussion, Meeting dates were set as follows: Monday November 21, 2022 at 4:30 pm Monday December 5, 2022 at 4:30 pm Monday January 9, 2022 at 4:30 pm Monday February 13, 2022 at 4:30 pm Item 14. Adjourn. There being no further business, Mayor Pro-Tem Jones moved this meeting be adjourned at 5:59 pm. ______________________________ Gary Hinders, Mayor ATTEST: ________________________________ Gretchen Mercer, City Secretary AGENDA ITEM 7 AGENDA To: Joe Price, City Manager From: Steven Brush, Chief of Police Date: November 15, 2022 Re: Presentation of Lifesaving Awards to Canyon Police Department Corporal Garrett Banes and Patrol Officer Jabril Hill for their Actions on October 13, 2022. On October 13, 2022 Corporal Garrett Banes responded to a head-on vehicle crash on IH27 at McCormick. Corporal Banes arrived near the same time as deputies from the Randall County Sheriff’s Office. Officer Jabril Hill was off-duty and drove upon the crash scene at around the same time the on-duty officers were arriving and assessing the situation. One of the vehicles involved in the crash was on fire with the fire spreading to the passenger compartment where the driver of the vehicle was unconscious in the seat. Corporal Banes, Officer Hill and the deputies worked together to force entry into the vehicle, removing her from the vehicle and carrying her away from danger. The actions of these officers saved the life of the vehicle driver. Had the officers not taken the action they did, an already tragic crash would have been worse. The City of Canyon and the Canyon Police Department is publicly recognizing Corporal Banes and Officer Hill with the presentation of a plaque and lifesaving medal in recognition of their heroic actions. RECOMMENDED MOTION No action required on this item. City of Canyon AGENDA ITEM 8 AGENDA To: Joe Price, City Manager From: Jon Behrens, Assistant City Manager Date: November 14, 2022 Re: Consider and Take Appropriate Action on Adoption of Canyon Downtown TIRZ #1 Final Project Plan On Tuesday, November 1, 2022, the Board of Directors for the Canyon Downtown TIRZ #1 in the Cole Community Center. All members were present. The Board adopted bylaws, were randomly assigned term lengths, and elected a Vice-Chair. Travis James of TXP and City Manager Joe Price provided the Board with a description of the purpose of the TIRZ. Travis outlined the development of the TIRZ Plan and all the mandatory requirements associated with it. After the presentation the Board approved the adoption of the Canyon Downtown TIRZ #1 Final Project Plan. The Board of Directors have now taken all of the action necessary for them to move forward. At this time the final action for the City Commission is to adopt the Downtown Tax Increment Reinvestment Zone Project and Financing Plan dated October 28, 2022, which will replace the Preliminary Plan which was previously adopted. This final plan has been updated with actual property values from this past year as opposed to forecasted values. Board members terms are: Chair Randy Ray, Chris Matthews, Jim Bryan – one-year terms to expire Dec. 2023 Paul Lyons, Nikki Sams, Bob Robinson, Mickey Foster – two-year terms to expired Dec. 2024 It is staff’s recommendation that the Commission adopt the Canyon Downtown TIRZ #1 Final Project Plan. RECOMMENDED MOTION “I move to adopt/deny the Canyon Downtown TIRZ #1 Final Project Plan. City of Canyon Downtown Tax Increment Reinvestment Zone Project & Financing Plan City of Canyon, Texas October 28, 2022 Prepared by TXP, Inc. 1310 South 1st Street, Suite 105 Austin, Texas 78704 (512) 328-8300 phone www.txp.com Table of Contents Section 1 – Project Plan ......................................................................................................... 1 Overview............................................................................................................................ 1 Purpose of a Tax Increment Reinvestment Zone ................................................................. 1 Existing Tax Increment Financing Districts in the City of Canyon ......................................... 2 Purpose of this Document .................................................................................................. 2 Section 2 – Project Plan ......................................................................................................... 3 Description of the Tax Increment Reinvestment Zone #1 .................................................... 3 Existing Zoning and Land Use Guidelines Applicable to TIRZ #1........................................... 3 Taxing Jurisdictions Applicable to TIRZ #1 ........................................................................... 3 Proposed Changes in Master Plans, Zoning Ordinances, and Building Codes....................... 3 Relocation of Displaced Persons ......................................................................................... 3 Section 3 – Revenue Forecast ................................................................................................ 5 Compliance & Reporting .................................................................................................... 5 Public Sector Entities Participating in TIRZ #1 ..................................................................... 5 Financial Forecast Assumptions .......................................................................................... 6 Financial Forecast Summary Results ................................................................................... 7 Section 4 – Finance Plan ...................................................................................................... 10 Project Overview & Costs ................................................................................................. 10 Duration of the Zone ........................................................................................................ 10 Method of Financing Project Costs ................................................................................... 10 Estimated Time when Related Costs or Monetary Obligations Incurred ............................ 10 Estimated Amount of Bonded Indebtedness..................................................................... 10 Economically Feasible ...................................................................................................... 10 Implementation of the Project Plan .................................................................................. 11 Eligible Project Costs & Categories ................................................................................... 11 Future Eligible Projects..................................................................................................... 12 Appendix 1 – Properties within the Downtown TIRZ #1 ...................................................... 13 Appendix 2 – Participating Jurisdiction Tax Rates ............................................................... 19 Appendix 3 – City of Canyon, Texas Ordinance Creating TIRZ #1 ......................................... 20 Appendix 4 – Randall County Participation Agreement....................................................... 21 Legal Disclaimer .................................................................................................................. 22 City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 List of Figures Figure 1: Proposed Downtown TIRZ Geographic Boundary ..................................................... 3 Figure 2: Existing Land Use within the Downtown TIRZ ........................................................... 4 List of Tables Table 1: Existing Land Use of TIRZ #1 (2021) ........................................................................... 3 Table 2: Participating Taxing Jurisdictions within the Downtown TIRZ #1................................ 5 Table 3: Projected TIRZ #1 Taxable Property Value ................................................................. 7 Table 4: Projected TIRZ #1 Taxable Property Value Increment ................................................ 8 Table 5: Projected TIRZ #1 Taxable Revenue Increment.......................................................... 9 Table 6: Estimated Spending by Eligible Project Category ..................................................... 12 Table 6.1: Properties within the Downtown TIRZ .................................................................. 13 Table 6.2: Properties within the Downtown TIRZ Continued................................................. 14 Table 6.3: Properties within the Downtown TIRZ Continued................................................. 15 Table 6.4: Properties within the Downtown TIRZ Continued................................................. 16 Table 6.5: Properties within the Downtown TIRZ Continued................................................. 17 Table 6.6: Properties within the Downtown TIRZ Continued................................................. 18 Table 7: Participating Jurisdiction Tax Rates by Year ............................................................. 19 City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 Section 1 – Project Plan Overview In November 2021, the City of Canyon, Texas (“City”) by ordinance (Number 2021-1147) approved the creation of Tax Increment Reinvestment Zone One ("TIRZ #1") consisting of approximately 124 acres of land in the Downtown area. TIRZ #1 was created to fund a portion of infrastructure and maintenance costs associated with redeveloping Downtown Canyon. In 2022, Randall County (“County”) agreed to participate in TIRZ #1 through an interlocal participation agreement. TIRZ #1 has a 25-year lifespan. Purpose of a Tax Increment Reinvestment Zone A tax increment reinvestment zone (“TIRZ”) is a tool that local governments can use to finance needed improvements and infrastructure within a defined geographic area. These improvements usually are undertaken to promote the viability of existing businesses and to attract new commercial enterprises. The cost of eligible improvements is repaid by the contribution of future tax revenues by each taxing unit that levies taxes against the property. The additional incremental tax revenue that is received from the affected properties is referred to as the tax increment Figure 1: How the Tax Increment is Calculated City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 1 Each taxing unit can choose to dedicate all, a portion, or none of the tax revenue that is attributable to the increase in property values due to the improvements within TIRZ. Each taxing unit determines what percentage of its tax increment, if any, it will commit to repayment of the cost of financing the public improvements. The statutes governing tax increment financing are located in Chapter 311 of the Tax Code. Existing Tax Increment Financing Districts in the City of Canyon There were no existing TIRZs in Canyon at the time of creation. According to state law, cities with less than 100,000 residents may not create a new TIRZ if the total appraised value of taxable real property in the proposed reinvestment zone and in the existing reinvestment zones would exceed 50.0 percent of the total appraised value of taxable real property within the city and its industrial districts. In addition, a TIRZ may not be created if more than 30.0 percent of the property in the proposed new TIRZ (excluding publicly-owned property) is used for residential purposes at the time of designation. TIRZ #1 complies with these state rules. Purpose of this Document This document is designed to meet the legal requirements of designating a TIRZ and to provide guidance for the TIRZ Board that has been established to manage TIRZ #1. The sections and subsections of this report correspond the required sections outlined in Chapter 311 of the Texas Tax Code. Texas Tax Code allows the governing body of the municipality or county that designated the TIRZ to amend the plan and extend the term of the zone after notice and hearing in the manner provided for the designation of the zone. Any changes to this plan will need to be documented and approved by the TIRZ Board and City of Canyon. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 2 Section 2 – Project Plan Description of the Tax Increment Reinvestment Zone #1 TIRZ #1 covers approximately 124.3 acres (including roads and right of way). The 2021 baseline taxable property value of the TIRZ is approximately $19.6 million. Table 1: Existing Land Use of TIRZ #1 (2021) Est. Parcel City of Canyon Land Use Count Acreage Taxable Value Residential 68 16.3 $5,798,273 Vacant Lots & Tracts 17 6.4 $174,473 Commercial 89 31.1 $13,568,000 Public Sector 21 13.6 $0 Utilities 3 0.6 $80,423 Religious 4 0.9 $0 Other 6 5.0 $0 Total 208 73.9 $19,621,169 Source: Potter-Randall Appraisal District; TXP, Inc. Existing Zoning and Land Use Guidelines Applicable to TIRZ #1 Existing City of Canyon land use, zoning guidelines, and policies apply to all properties within the city limits. Taxing Jurisdictions Applicable to TIRZ #1 The TIRZ #1 is located within the following taxing jurisdictions: • City of Canyon • Randall County • South Randall County Hospital District • Canyon Independent School District Proposed Changes in Master Plans, Zoning Ordinances, and Building Codes There are no anticipated changes to the master development and zoning ordinances. Relocation of Displaced Persons This plan currently does not call for nor anticipate the displacement and relocation of persons for the proposed projects. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 3 Figure 2: Downtown TIRZ #1 Geographic Boundary Figure 3: Existing Land Use within the Downtown TIRZ #1 City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 4 Section 3 – Revenue Forecast Tax increment financing is a tool used by local governments to publicly finance needed infrastructure and other improvements within a defined area. These improvements are usually undertaken to promote the viability of existing businesses and to attract new commercial enterprises to the area. The statutes governing tax increment financing are located in Chapter 311 of the State of Texas Tax Code. The costs of improvements in the defined zone are repaid by the contribution of future property tax revenues by each taxing unit that levies taxes against the property. Specifically, each taxing unit can choose to dedicate all, a portion, or none of the tax revenue that is attributable to the increase in property values due to the improvements within the reinvestment zone. The additional tax revenue that is received from the affected properties is referred to as the tax increment. Each taxing unit determines what percentage of its tax increment, if any, it will commit to repayment of the cost of financing the public improvements. Compliance & Reporting The TIRZ Board policies shall comply with all federal, state, and local laws, rules and regulations. The TIRZ Board will submit project status reports and financial reports as required by state law. Public Sector Entities Participating in TIRZ #1 All project costs will be paid through the contribution of incremental property taxes collections. The City of Canyon and Randall County will contribute 100.0 percent of their total tax rate (maintenance and operations (M&O) and interest and sinking (I&S) ad valorem tax rate for 25 years. Table 2: Participating Taxing Jurisdictions within the Downtown TIRZ #1 Percent Entity Contribution City of Canyon 100% Randall County 100% Source: TXP, Inc. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 5 Financial Forecast Assumptions • TIRZ Duration – The TIRZ will have a 25-year lifespan. • TIRZ Allocation – Participating taxing jurisdictions will contribute 100.0 percent of their total incremental tax collections. • Tax Rate – While tax rates do change over time, the 2022 tax rates were held constant for the duration of the TIRZ. • Existing Properties – The 2021 baseline property value of the TIRZ is approximately $19.6 million but varies slightly by taxing jurisdiction based on exemptions offered. • Real Property – Only taxable real property values are included in the tax increment calculations. By law, business personal property values are excluded from TIRZ. • Inflation & Appreciation Rate – The inflation rate used for construction costs and the value of improvements is 2.5 percent per year. • Net Present Value – The net present values of the tax increment were calculated at a discount rate of 5.0 percent. • Future Development Patters – To provide an order of magnitude estimate, TXP has conservatively assumed $100,000 per year in new taxable real property value will be built. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 6 Financial Forecast Summary Results The following table depicts the anticipated revenue generated over 25 years. The first TIRZ increment will occur in 2022 (total 2022 value less 2021 baseline value). Note, 2022 taxes are not due until January 2023. Table 3: Projected TIRZ #1 Taxable Property Value Canyon Randall Preliminary Canyon Preliminary Randall Year Period 2021 Forecast Actual Value 2021 Forecast Actual Value 2021 0 $19,621,169* $19,621,169* $19,583,169* $19,583,169* 2022 1 $20,211,698 $21,521,033* $20,172,748 $21,478,283* 2023 2 $20,819,491 $23,181,559 $20,779,567 $23,137,740 2024 3 $21,445,040 $23,866,160 $21,404,119 $23,821,246 2025 4 $22,088,856 $24,570,503 $22,046,911 $24,524,466 2026 5 $22,751,458 $25,295,147 $22,708,465 $25,247,959 2027 6 $23,433,385 $26,040,667 $23,389,317 $25,992,299 2028 7 $24,135,189 $26,807,653 $24,090,019 $26,758,076 2029 8 $24,857,438 $27,596,713 $24,811,138 $27,545,896 2030 9 $25,600,714 $28,408,471 $25,553,257 $28,356,384 2031 10 $26,365,618 $29,243,569 $26,316,975 $29,190,180 2032 11 $27,152,767 $30,102,666 $27,102,908 $30,047,943 2033 12 $27,962,795 $30,986,442 $27,911,689 $30,930,350 2034 13 $28,796,354 $31,895,592 $28,743,970 $31,838,098 2035 14 $29,654,114 $32,830,833 $29,600,421 $32,771,901 2036 15 $30,536,764 $33,792,901 $30,481,728 $33,732,496 2037 16 $31,445,013 $34,782,553 $31,388,602 $34,720,638 2038 17 $32,379,589 $35,800,568 $32,321,767 $35,737,105 2039 18 $33,341,240 $36,847,744 $33,281,973 $36,782,694 2040 19 $34,330,737 $37,924,903 $34,269,988 $37,858,228 2041 20 $35,348,870 $39,032,891 $35,286,603 $38,964,548 2042 21 $36,396,454 $40,172,575 $36,332,630 $40,102,524 2043 22 $37,474,323 $41,344,847 $37,408,904 $41,273,045 2044 23 $38,583,339 $42,550,625 $38,516,283 $42,477,028 2045 24 $39,724,383 $43,790,852 $39,655,652 $43,715,415 2046 25 $40,898,365 $45,066,496 $40,827,915 $44,989,173 Source: TXP, Inc. * Certified values from the Potter-Randall Appraisal District City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 7 Table 4: Projected TIRZ #1 Taxable Property Value Increment Canyon Randall Preliminary Canyon Preliminary Randall Year Period 2021 Forecast Actual Value 2021 Forecast Actual Value 2021 0 $0 $0 $0 $0 2022 1 $590,529 $1,899,864* $589,579 $1,895,114* 2023 2 $1,198,322 $3,560,390 $1,196,398 $3,554,571 2024 3 $1,823,871 $4,244,991 $1,820,950 $4,238,077 2025 4 $2,467,687 $4,949,334 $2,463,742 $4,941,297 2026 5 $3,130,289 $5,673,978 $3,125,296 $5,664,790 2027 6 $3,812,216 $6,419,498 $3,806,148 $6,409,130 2028 7 $4,514,020 $7,186,484 $4,506,850 $7,174,907 2029 8 $5,236,269 $7,975,544 $5,227,969 $7,962,727 2030 9 $5,979,545 $8,787,302 $5,970,088 $8,773,215 2031 10 $6,744,449 $9,622,400 $6,733,806 $9,607,011 2032 11 $7,531,598 $10,481,497 $7,519,739 $10,464,774 2033 12 $8,341,626 $11,365,273 $8,328,520 $11,347,181 2034 13 $9,175,185 $12,274,423 $9,160,801 $12,254,929 2035 14 $10,032,945 $13,209,664 $10,017,252 $13,188,732 2036 15 $10,915,595 $14,171,732 $10,898,559 $14,149,327 2037 16 $11,823,844 $15,161,384 $11,805,433 $15,137,469 2038 17 $12,758,420 $16,179,399 $12,738,598 $16,153,936 2039 18 $13,720,071 $17,226,575 $13,698,804 $17,199,525 2040 19 $14,709,568 $18,303,734 $14,686,819 $18,275,059 2041 20 $15,727,701 $19,411,722 $15,703,434 $19,381,379 2042 21 $16,775,285 $20,551,406 $16,749,461 $20,519,355 2043 22 $17,853,154 $21,723,678 $17,825,735 $21,689,876 2044 23 $18,962,170 $22,929,456 $18,933,114 $22,893,859 2045 24 $20,103,214 $24,169,683 $20,072,483 $24,132,246 2046 25 $21,277,196 $25,445,327 $21,244,746 $25,406,004 Source: TXP, Inc. * Certified values from the Potter-Randall Appraisal District City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 8 Table 5: Projected TIRZ #1 Taxable Revenue Increment Canyon Canyon Randall Randall Preliminary Actual Preliminary Actual Total Total Year Period 2021 Forecast Value 2021 Forecast Value Forecast Actual 2021 0 $0 $0 $0 $0 $0 $0 2022 1 $2,517 $7,602* $2,619 $7,905* $5,136 $15,508* 2023 2 $5,107 $14,247 $5,315 $14,827 $10,422 $29,074 2024 3 $7,773 $16,987 $8,089 $17,678 $15,862 $34,665 2025 4 $10,517 $19,805 $10,944 $20,612 $21,461 $40,417 2026 5 $13,341 $22,705 $13,883 $23,630 $27,224 $46,335 2027 6 $16,247 $25,688 $16,907 $26,734 $33,154 $52,423 2028 7 $19,238 $28,757 $20,020 $29,929 $39,258 $58,686 2029 8 $22,316 $31,915 $23,223 $33,215 $45,539 $65,130 2030 9 $25,484 $35,163 $26,520 $36,596 $52,004 $71,759 2031 10 $28,743 $38,505 $29,912 $40,074 $58,655 $78,579 2032 11 $32,098 $41,943 $33,403 $43,652 $65,501 $85,594 2033 12 $35,550 $45,479 $36,996 $47,332 $72,546 $92,812 2034 13 $39,103 $49,117 $40,693 $51,119 $79,796 $100,236 2035 14 $42,758 $52,860 $44,498 $55,014 $87,256 $107,874 2036 15 $46,520 $56,710 $48,412 $59,021 $94,932 $115,731 2037 16 $50,391 $60,670 $52,441 $63,143 $102,832 $123,813 2038 17 $54,374 $64,743 $56,586 $67,383 $110,960 $132,126 2039 18 $58,472 $68,934 $60,851 $71,744 $119,323 $140,678 2040 19 $62,689 $73,244 $65,240 $76,231 $127,929 $149,475 2041 20 $67,028 $77,678 $69,756 $80,846 $136,784 $158,523 2042 21 $71,493 $82,239 $74,403 $85,592 $145,896 $167,831 2043 22 $76,087 $86,929 $79,184 $90,475 $155,271 $177,404 2044 23 $80,813 $91,755 $84,103 $95,497 $164,916 $187,252 2045 24 $85,676 $96,717 $89,164 $100,663 $174,840 $197,380 2046 25 $90,679 $101,822 $94,371 $105,976 $185,050 $207,798 Total $1,045,014 $1,292,216 $1,087,534 $1,344,888 $2,132,548 $2,637,103 Source: TXP, Inc. * Certified values from the Potter-Randall Appraisal District City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 9 Section 4 – Finance Plan Project Overview & Costs TIRZ #1 will provide support for catalytic infrastructure and economic development projects that will facilitate the redevelopment of properties within Downtown Canyon and the surrounding area. Public infrastructure investment is required to redevelop the Downtown and surrounding area. This is the priority spending focus of TIRZ #1. Additional infrastructure and enhancement projects are included in the project plan if the resources are available. In addition, other projects might be added to the list as future development projects and related opportunities present themselves. The anticipated project costs are divided into major categories. Based on the revenue forecast, it is anticipated that most these expenses will occur within 3 to 5 years of the TIRZ being established. Duration of the Zone The total duration of TIRZ #1 is 25 years. The baseline year is 2021. It is scheduled to terminate on December 31, 2046, (including collection of the 2046 increment in calendar year 2047 and any related matters to be concluded in 2047). Method of Financing Project Costs All project costs will be paid through the contribution of incremental property taxes collections. The City of Canyon and Randall County will contribute a portion of incremental tax revenue to the zone. Estimated Time when Related Costs or Monetary Obligations Incurred The TIRZ will reimburse developers and pay for projects as funds become available. It might also take the TIRZ multiple years to accrue funds required for a project or to repay a developer. Estimated Amount of Bonded Indebtedness It is anticipated that financial transactions by the TIRZ are to be on a cash only basis and to the extent only that funds are available. However, if the resources become available to issue debt, the TIRZ #1 Board may recommend to the City of Canyon. that it is appropriate to issue TIRZ debt if the Tax Increment Fund can make such payments. The TIRZ Board is under no obligation to issue any notes or debt. Economically Feasible The TIRZ Board reviewed the TXP forecasts and model assumptions. It was determined that the TIRZ would generate sufficient revenue to pay for the Project Plan. Therefore, the City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 10 financial forecasts are reasonable and its assumptions appear to be sound. The project plan is economically feasible. Implementation of the Project Plan The Canyon City Commission at all times shall have and retain paramount authority to direct the actions of the TIRZ #1 Board in connection with the administration of the Plans, and in that regard the Board shall have only the powers and authority granted to it from time to time by the City Commission. Eligible Project Costs & Categories 1. Parks & Streetscape Enhancements This category includes gateway features, linear parks, corridor landscaping, public plazas, etc. 2. Infrastructure Improvements This category includes water, sanitary sewer and storm water improvements, roadway and street intersection enhancements, public transportation, relocation of aboveground utilities, public sidewalks, public safety facilitates, and related right of way. This category includes eligible expenditures for design and engineering. 3. Economic Development Grants It is anticipated that economic development loans or grants might be made to assist in implementing the project plan. The City, with advisement from the TIRZ Board shall have the authority to establish and administer economic development programs, including but not limited to grants and loans, authorized under Chapter 380 of the Texas Local Government Code. Should such loans or grants be made, it will be done with the intent to fulfill the public purposes of developing and diversifying the economy, eliminating unemployment or underemployment, and developing or expanding transportation, business, and commercial activity in the TIRZ. 4. Developer Reimbursement for Public Improvements The TIRZ Board will seek to enter into agreements as necessary with other owners of undeveloped property in the Zone for the repayment of costs associated with infrastructure that benefit the Zone such as streets, water and sewer improvements, open space improvements, landscaping, flood control, and any other public projects that benefit the Zone. These projects will be evaluated and approved on a case-by-case basis. A developer will typically apply for and be authorized by the TIRZ and City of Canyon for TIRZ improvements, then fund and build the improvements. Upon completion and acceptance of the work by the City, the developer will be reimbursed with TIRZ funds if and when they are City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 11 available. TIRZ payments are made based on available increment and other conditions set forth in project development agreements. Private developers must enter into a development agreement with the TIRZ if they desire the public sector to share in the costs of infrastructure improvements required for their projects. Reimbursement priorities and the method of apportioning available increment will be described in the development agreement. Each development agreement is unique. Accordingly, the nature and extent of support from the TIRZ may change over time as the area becomes more developed. 5. Non-Project Costs It is not possible to quantify other non-project costs at this time, other than to say that they are anticipated. However, these costs should not exceed TIRZ #1 revenue less other costs delineated in the project plan. Consultants, engineers, surveyors, and other costs incurred not related to the other categories and other unforeseen costs are included in this category. 6. Administration & Implementation The City will support the TIRZ administration with staff personnel. This support shall include keeping and maintaining the records of the Zone, accounting services as the Zone Board may request, and other administrative support. In addition, other eligible operations costs under this project category would include contracting for professional services as requested by the Board (ex. engineering firm, land planning, or other technical support). The administrative operations and maintenance costs are estimated at $10,000 per year. Future Eligible Projects The TIRZ Board may deem other public improvements necessary for the development of the TIRZ. If it is determined that additional public improvements are required, such improvements will be incorporated as amendments to the Project Plan in accordance and conformity with applicable law requiring the approval of the City Commission. Table 6: Estimated Spending by Eligible Project Category Category Project Estimated Cost 1 Parks & Streetscape Enhancements $1,000,000 2 Infrastructure Improvements $1,000,000 3 Economic Development Grants $250,000 4 Developer Reimbursement for Public Improvements $138,111 5 Non-Project Costs $0 6 Administration & Implementation $250,000 Total $2,638,111 Source: TXP City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 12 Appendix 1 – Properties within the Downtown TIRZ #1 Table 7.1: Properties within the Downtown TIRZ Property ID Owner Name Land Use Code Taxable Value 110084 BNSF RAILWAY COMPANY J5 $0 112224 SNAKE DANCE PROPERTIES LLC A $32,276 112225 SNAKE DANCE PROPERTIES LLC A $113,536 112236 GRIZZLE PAUL A $47,644 112237 GRIZZLE PAUL A $48,886 112238 RIGGIN PATRICIA KAY MARTINEZ A $20,300 112239 BROWNING LISA A NORWOOD A $106,370 112240 CHAPARRO SAMANTHA A $120,990 112241 WILLIAMS KELLY C1 $2,685 112242 BRUMMETT DOROTHY ANN A $57,317 112243 WANG XIAOXUE A $56,999 112244 TX10 PROPERTIES LLC A $62,513 112245 SMITH MICHAEL C1 $3,500 112246 LENORMAND DAVID A $93,556 112248 WEST LIVING TRUST C1 $2,625 112249 WATSON JOHN J A $55,957 112250 NICHOLS AARON C1 $5,250 112251 VASQUEZ ZULEMA A $51,904 112252 HERNANDEZ JAVIER A $34,867 112253 RAMOS ALONZO A $122,615 112254 REYNERO EVARESTA TORRES A $67,982 112255 KERR PAUL N A $81,774 112256 KERR PAUL N A $66,647 112257 SHINING C PROPERTIES LLC C1 $1,166 112258 STONE LIVING TRUST A $48,564 112259 STONE LIVING TRUST A $66,628 112260 SHINING C PROPERTIES LLC C1 $4,904 112261 SHINING C PROPERTIES LLC C1 $1,500 112262 SHINING C PROPERTIES LLC A $127,488 112263 SHINING C PROPERTIES LLC A $20,766 112264 SHINING C PROPERTIES LLC A $56,199 112314 FIRST BAPTIST CHURCH CANYON XV $0 112315 RODRIGUEZ WILLIE Q JR A $39,100 112316 HACKER MARK GREGORY A $69,299 112317 CITY OF CANYON XV $0 112318 SEALS BILLY H A $73,223 112319 COLLIER RODNEY A $106,819 112320 R & B CANYON PROPERTIES LLC A $44,663 112321 R & B CANYON PROPERTIES LLC A $44,101 Source: Potter-Randall Appraisal District; TXP, Inc.. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 13 Table 8.2: Properties within the Downtown TIRZ Continued Property ID Owner Name Land Use Code Taxable Value 112322 R & B CANYON PROPERTIES C1 $11,055 112323 BROOKS BRENDA GAYLE A $66,925 112324 TIPPS THOMAS R A $75,340 112325 TIPPS THOMAS R A $52,685 112326 BRYSON AMELIA JEAN A $105,032 112327 R & B CANYON PROPERTIES LLC A $87,820 112328 MULLINS MATT A $205,826 112329 COX JERRY A A $156,420 112330 WALKER NANCY E A $69,097 112331 MCCREIGHT JEFFREY H A $72,892 112332 H ROOT COMPANY A $60,781 112333 HMLTML LLC A $32,047 112374 BURGOON WILLIAM C A $91,048 112375 PADILLA THOMAS A $70,722 112376 PADILLA THOMAS A $22,512 112378 RATLIFF TRUST A $43,690 112379 RATLIFF TRUST A $123,397 112380 HAYWARD JACK W A $145,762 112381 HAMILTON DAVY A $60,244 112399 MINTON JANET LEE A $96,872 112400 BOWLING DAVID GILES A $203,626 112444 WILMOTH JERRY M A $282,649 112445 DYE JERRY E A $80,129 112446 HAMONTREE GEORGE C1 $10,529 112447 BAZALDUA JOSE LUIS JR A $85,514 112448 BAZALDUA JOSE LUIS SR A $99,968 112449 BAZALDUA J LUIS SR A $85,176 112450 RIHA MARK NOEL A $146,233 112451 HUDGENS JOAN MARIE A $104,174 112452 SCHREUR MICHAEL RAY A $59,834 112453 MORALES PABLO A $102,142 112454 KYLE - VANDA LLC A $111,000 114097 CABBINESS CHRIS C1 $79,950 114116 SANCHEZ ELIZABETH CANTU A $108,620 114117 3 C PROPERTIES II LLC A $47,324 114118 3 C PROPERTIES II LLC A $64,468 114119 3 C PROPERTIES II LLC A $64,210 114272 KERR PAUL N A $166,474 114273 KERR PAUL N B $62,089 Source: Potter-Randall Appraisal District; TXP, Inc. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 14 Table 8.3: Properties within the Downtown TIRZ Continued Property ID Owner Name Land Use Taxable Value Code 114274 KERR PAUL N B $65,898 114288 KING AND APPEL HOLDINGS LLC B $238,198 140611 VILLAGE DRIVE C1 $31,158 212155 AMARILLO NATIONAL BANK F1 $581,433 212282 FIRST BAPTIST CHURCH OF XV $0 212284 CANYON SENIOR CITIZENSASSOCIATION XV $0 212285 FIRST UNITED PENTECOSTAL XV $0 212682 NATIONAL RETAIL PROPERTIES LP F1 $274,940 212766 CITY OF CANYON XV $0 212784 CITY OF CANYON XV $0 212836 LOWELL ZEMRY F1 $37,697 212841 BROWN JIM B F1 $25,975 213065 CANYON ECONOMIC XV $0 213081 HAMBLEN DERINDA F1 $114,245 213082 SMITH MIKE F1 $70,193 213083 ALLEN DANNY N F1 $143,768 213185 YOUNG JOE M F1 $96,979 213186 CORNETT STEPHEN B F1 $38,003 213516 PALO DURO ANIMAL F1 $96,971 213728 BROOKS FUNERAL DIRECTORS LTD F1 $154,779 214775 MITCHELL CHARLES BENJAMIN F1 $30,334 214777 MAGNESS JODY F1 $73,936 214778 I-27 PROPERTIES LLC F1 $182,673 214779 122 MANAGEMENT LLC F1 $91,593 214780 CONSOLIDATED BEEF PRODUCERS, INC. F1 $195,738 214781 HAPPY STATE BANK F1 $527,626 214782 UNKNOWN F1 $116,857 214783 CROSLIN INC F1 $116,633 214784 PROVERBS 3:5 LP F1 $150,638 214785 KERSHEN PROPERTIES LLC F1 $97,599 214787 308 17TH STREET COMPANY F1 $185,645 214788 CACTUS TREE PROPERTIES LLC F1 $287,897 214789 DEAN KENNETH ROBERT F1 $83,279 214790 122 MANAGEMENT LLC F1 $80,348 214791 HOMECREST PROPERTIES, INC. F1 $159,135 214792 H. ROOT COMPANY F1 $401,292 214793 STEFRON INC F1 $99,032 214794 GAMBLE DANNY B F1 $81,883 214795 GALES PROPERTIES LLC F1 $113,462 Source: Potter-Randall Appraisal District; TXP, Inc. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 15 Table 8.4: Properties within the Downtown TIRZ Continued Property ID Owner Name Land Use Taxable Value Code 214796 FIRST NATIONAL BANK OF PADUCAH F1 $200,008 214797 CHAMBER OF COMMERCE XV $0 214798 1221 DM HOLDING COMPANY LLC F1 $95,910 214799 TEXAS PANHANDLE HERITAGE XV $0 214800 RANDALL COUNTY FARM BUREAU F1 $93,623 215548 1617 AND 1619 FOURTH AVENUE COMPANY F1 $177,655 215729 SKYMN LLC F1 $417,328 215758 BLUE BISON INVESTMENTS LLC F1 $244,099 215759 CANYON ECONOMIC XL $0 215817 SANCHEZ ISAIAS F1 $185,434 215819 SAYSANASONGKHAM SENG F1 $76,783 216473 BLAKE PAUL D F1 $131,084 216474 BLAKE PAUL D F1 $85,843 216475 MILLER BEVERLY G F1 $150,248 216476 WHITE J MACK F1 $77,305 216477 WHITE J MACK F1 $78,613 216478 SENECA CREEK LLC F1 $83,940 216479 1521 FOURTH AVENUE COMPANY F1 $147,215 216480 CANYON ECONOMIC XL $0 216481 CANYON ECONOMIC XL $0 216482 KURTIJULES INC F1 $102,172 216483 BERRY JULIAN R F1 $89,734 216484 LLANO ESTACADO LAND LLC F1 $287,567 216485 CAREY LINDA B F1 $253,707 216486 JOHNSON JEREMY D F1 $99,543 216487 JOHNSON JEREMY D F1 $77,133 216488 HACKER GREGORY W F1 $113,820 216489 I-27 PROPERTIES LLC F1 $74,488 216490 BLACKWATER HOLDINGS LLC F1 $130,135 216491 BLUE BISON INVESTMENTS LLC F1 $180,089 216492 ONEAL ENTERPRISES LLC F1 $45,841 216493 ONEAL ENTERPRISES LLC F1 $324,622 216494 TEA PROPERTIES LLC F1 $101,602 216495 IRLBECK SUSAN D F1 $60,215 216496 WILLIAMS MARY AMANDA F1 $193,140 216497 WHITE SHIRLEY MARY F1 $39,669 216642 CHENAULT REV LIVING TRUST F1 $143,564 216985 CANYON STORAGE LLC F1 $305,000 216986 CANYON STORAGE LLC F1 $315,000 Source: Potter-Randall Appraisal District; TXP, Inc. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 16 Table 8.5: Properties within the Downtown TIRZ Continued Property ID Owner Name Land Use Code Taxable Value 216987 WEST LIVING TRUST F1 $241,466 216988 WEST LIVING TRUST F1 $131,806 216991 CANYON STORAGE LLC F1 $138,575 216994 CANYON STORAGE LLC F1 $461,109 216995 COLEMAN TRUST F1 $134,990 217043 BLAKE PAUL D F1 $40,011 217044 BRENT SARAH KAY F1 $47,442 217045 BLUE BISON INVESTMENTS LLC F1 $40,272 217270 BELL HEATH F1 $151,542 217271 BLAKE PAUL D F1 $60,456 217484 WESTER LIVING TRUST F1 $175,364 217485 WESTER LIVING TRUST F1 $79,323 217486 WEST LIVING TRUST F1 $111,547 217487 WESTER LIVING TRUST F1 $34,423 217674 WINKELMAN BRIAN F1 $89,231 217675 LEWIS MICHAEL E F1 $91,259 218256 CROSSWINDS W LLC F1 $106,441 218257 BLUE BISON INVESTMENTS LLC F1 $847,564 218260 LOE BOB F1 $128,172 218463 CRABTREE GARY F1 $213,526 218515 CITY OF CANYON XV $0 218720 BLAKE PAUL D C1 $3,240 218721 BLAKE PAUL D C1 $5,400 218722 WEST LIVING TRUST C1 $2,700 218723 HURLEY S P C1 $147 218724 FIRST BAPTIST CHURCH OF XV $0 218725 ENERGAS COMPANY J2 $250 218726 CITY OF CANYON XV $0 218727 CITY OF CANYON XV $0 218728 CITY OF CANYON XV $0 218733 FIRST BAPTIST CHURCH CANYON XV $0 218734 RANDALL COUNTY XV $0 218735 RANDALL COUNTY XV $0 219037 VILLAGE DRIVE F1 $104,498 219066 CITY OF CANYON XV $0 219843 RAMOS ALONZO C1 $2,584 219844 MAIN STREET CANYON XV $0 219845 HAYNES JAMES A $4,452 219919 CITY OF CANYON XV $0 Source: Potter-Randall Appraisal District; TXP, Inc. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 17 Table 8.6: Properties within the Downtown TIRZ Continued Property ID Owner Name Land Use Code Taxable Value 219920 HAPPY STATE BANK F1 $46,494 219921 FIRST BAPTIST CHURCH CANYON XV $0 219922 RANDALL COUNTY XV $0 219923 HINDERS NEAL F1 $42,000 219924 U S POST OFFICE XV $0 219925 U S POST OFFICE XV $0 219926 CHRIS LYONS INVESTMENTS F1 $138,496 219927 SOUTHWESTERN BELL TELEPHONE J4 $80,173 219928 RANDALL COUNTY XV $0 219929 RANDALL COUNTY XV $0 219942 COLEMAN TRUST C1 $6,080 219943 COLEMAN TRUST F1 $19,281 220608 CANYON ECONOMIC XV $0 Source: Potter-Randall Appraisal District; TXP, Inc. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 18 Appendix 2 – Participating Jurisdiction Tax Rates Table 9: Participating Jurisdiction Tax Rates by Year City of Randall Year Canyon County 2021 $0.42618 $0.44421 2022 $0.40016 $0.41713 Source: City of Canton, Randall County City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 19 Appendix 3 – City of Canyon, Texas Ordinance Creating TIRZ #1 See attached pages. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 20 Appendix 4 – Randall County Participation Agreement See attached pages. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 21 Legal Disclaimer TXP, Inc. (TXP) reserves the right to make changes, corrections, and/or improvements at any time and without notice. In addition, TXP disclaims any and all liability for damages incurred directly or indirectly as a result of errors, omissions, or discrepancies. TXP disclaims any liability due to errors, omissions, or discrepancies made by third parties whose material TXP relied on in good faith to produce the report. Any statements involving matters of opinion or estimates, whether or not so expressly stated, are set forth as such and not as representations of fact, and no representation is made that such opinions or estimates will be realized. The information and expressions of opinion contained herein are subject to change without notice, and shall not, under any circumstances, create any implications that there has been no change or updates. City of Canyon, Texas – Downtown Tax Increment Reinvestment Zone| October 2022 22 AGENDA ITEM 9 AGENDA To: Joe Price, City Manager From: Brian Noel, Parks Director Date: November 14, 2022 Re: Consider and Take Appropriate Action on Chapman Forestry Foundation Grant Acceptance and Update of Canyon Aqua Park (The CAP) 2022 Season. Chapman Forestry Foundation The Chapman Forestry Foundation awards grants for up to $2500 annually for the purchase and planting of trees. In 2020 the City of Canyon Parks Department applied for a $2500 Chapman grant to offset the cost of the new trees to be planted in Canyon East Park. The Department completed the necessary paperwork and the tree project was inspected by Texas Forestry personnel in late December. In early November the City received a $2500 grant check from the Chapman Foundation. Our department has received this grant on multiple occasions and will continue to apply for these funds on an annual basis. These funds assisted in the purchasing of trees planted in Canyon East Park this fall as a part of our renovation project in the park. At this time staff would ask that you accept the $2500 grant check from the Chapman Foundation. Canyon Aqua Park (The CAP) Update At the CAP we wrapped up our sixth season in August. This season was one of record revenues, increased repair costs and staffing struggles. We hosted over 41,000 guests, which was a record and an increase of 2680 from 2021. Average daily attendance was 605 over the 69 days the park was open. Total revenue was $479,119, which included $103,695 in concession sales. Season pass sales increased over $10,000 from 2021. We added five new 10x12 cabanas this year and rented them for $25 per session. The cabanas included a table, four chairs and two loungers. Each cabana provides shade with side curtains. The cabanas were very well received and were rented over 500 times this summer. As the park ages we have proactively and also out of necessity, begun to make repairs to the facility to maintain it. Prior to opening the park, the slides were caulked and their condition was evaluated. Based on our findings, we have budgeted for professional repainting and maintenance work to be performed on the slides in the Spring of 2023. Due to some caulk failure we needed to make some repairs to the north wall of the kids play area. We chose to make these caulk repairs immediately after closing the park instead of going through another winter of damage caused by freezing and thawing. This repair work was unplanned, but was City of Canyon  AGENDA approved and did cause the maintenance budget to be exceeded. One pool motor failed this season and needed significant repairs. Prior to opening for the 2023 season, we plan to replace all of the netting in the park and replace a significant portion of the caulking in the concrete deck seams. This Spring we caulked the slides and had an examination of the slide condition. We budgeted for repainting and maintenance in this year’s budget. Included in our yearly maintenance this year we had some wall repair and motor repair. The failure of the caulk allowed for freeze/thaw behind the north wall of the kids play area. One of our motors had to be repaired after it failed. We are planning on adding a few more features in our POS system this year and developing the use of the online account usage by our season pass holders. This is in an effort to save the credit card fees. We will once again offer a Black Friday sale this year. RECOMMENDED MOTION “I move to accept/not accept the $2500 grant check from the Chapman Forestry Foundation and to approve/not approve the Annual Report for The CAP 2022 Season. City of Canyon Annual CAP Operating Report 11/04/2022 Revenue Actual 2019 Actual 2020 Actual 2021 Budgeted 2022 Actual 2022 Admissions $287,072 $126,472 $260,073 $270,320 $283,982 Season Pass 0 $12,182 $23,296 $22,000 $33,741 Concessions $100,244 $73,815 $104,127 $92,000 $103,695 Sw Lessons 0 0 $7,283 $7,000 $7,700 Total Inc $387,316 $212,469 $394,779 $391,320 $429,118 Operating Days 80 63 67 70 days Attendance 35,694 28,830 38,799 41,479 Avg. Attendance 446 457 579 605 # Employees 77 57 64 58 Avg. Daily Concession $1,253 $1,171 $1,554 $1,502 Avg. Concession $2.80 $2.56 $2.68 $2.50 Budgeted 2022 Actual 2022 Expenses ($418,592) ($405,389) ($462,969) ($482,822) ($533,831) Income 387,316 $212,469 $395,120 $391,320 $429,118 ($31,276) ($192,920) ($67,849) ($91,502) ($104,713) COVID Facility repairs of $50,000 at end of season. Final Year of Previous Year 2014 had a $45,000 operating deficit $54,713 deficit w/o repairs