Park and Downtown Improvement Corporation

AGENDA Park and Downtown Improvement Corporation 8:00 AM - Friday, June 14, 2024 City Council Chambers, 201 E. Nash Street, Terrell, TX Board Members Tori Lucas, Place 5, President Sarah Kegerreis, Place 2, Vice- President Hillary Heisel, Place 1, Secretary JC Jackson, Place 7, Member Mary Mccoy, Place 3, Member Matt Oakley, Place 6, Member Stephanie Holmes-Thomas, Place 4, Member Patty Yocum, Member Bruce Wood, Member City Manager Mike Sims NOTICE IS HEREBY GIVEN that the PADIC Board will conduct a meeting at 8:00 a.m. on Friday, June 14, 2024, at Terrell City Hall located at 201 East Nash Street. The meeting is open to the public with limited seating in the Council Chambers. Page 1. CALL TO ORDER 2. INVOCATION 3. PLEDGE TO AMERICAN FLAG AND TEXAS FLAG. 4. HEAR REMARKS FROM VISITORS. 5. ADOPTION OF MINUTES Page 1 of 34 5.1. Discuss and consider approval of minutes from May 10, 2024 3-5 Park and Downtown Improvement Corporation - May 10 2024 - Minutes 5.2. Discuss and consider approval of minutes from May 21, 2024 6-7 Park and Downtown Improvement Corporation and Park Board Joint Meeting - May 21 2024 - Minutes 6. NEW BUSINESS 6.1. Discuss Financial Report 8 - 17 6.1 - Financial Report 6.2. Discuss and consider FY 2025 Capital Work Plan Update 18 - 33 7.1 - Capital Work Plan Notes 6.3. Discuss and consider FY 2025 budget recommendations 34 7.2 - FY 2025 Budget Recommendations 7. ADJOURN. I, the undersigned authority, do hereby certify that the above NOTICE OF MEETING of the PADIC Board is a true and correct copy of said NOTICE, which has been posted on the front OUTDOOR BULLETIN BOARD CABINET FOR AGENDAS of the Terrell City Hall, Terrell, Texas, a place convenient and readily accessible to the General Public and on the website at cityofterrell.org, and which has been continuously posted for a period of seventy-two (72) hours prior to the date and time said meeting was convened. Posted Tuesday, June 11, 2024 – 5:00 p.m. _______________________________________ Dawn Steil, City Secretary This facility is wheelchair accessible and accessible parking spaces are available. Requests for accommodations or interpretive services must be made 48 hours prior to this meeting. Please contact the City Secretary’s office at 972-551-6600 for further information. Braille is not available. The PADIC Board Reserves the Right to Adjourn into Executive Session to Seek Legal Counsel on a Matter Which the Canon of Legal Ethics Demands to Preserve the Attorney- Client Privilege Pursuant to Section 551.071(2) of the Texas Government Code. Page 2 of 34 ITEM 5.1. MINUTES Park and Downtown Improvement Corporation Meeting 8:00 AM - Friday, May 10, 2024 City Council Chambers, 201 E. Nash Street, Terrell, TX The City of Terrell Park and Downtown Improvement Corporation conducted a PADIC Board Meeting on Friday, May 10, 2024 at 8:00 AM in the City Council Chambers, 201 E. Nash Street, Terrell, TX. MEMBERS President Tori Lucas PRESENT: Secretary Hillary Heisel Member Mary Mccoy Member Matt Oakley Deputy Mayor Pro-Tem, District 4 Stephanie Holmes-Thomas MEMBERS Vice-President Sarah Kegerreis ABSENT: Member JC Jackson Member Bruce Wood Member Patty Yocum STAFF PRESENT: Downtown Project Manager Raylan Smith 1 CALL TO ORDER 2 INVOCATION Stephanie Holmes-Thomas gave the invocation. 3 PLEDGE TO AMERICAN FLAG AND TEXAS FLAG. President Tori Lucas led the pledges to the American and Texas flags. 4 HEAR REMARKS FROM VISITORS. No one came forward to speak. 5 ADOPTION OF MINUTES a) Discuss approval of minutes from April 12th, 2024. Tori Lucas moved to approved the minutes from the meeting on April 12, 2024 with Hilary Heisel seconding the motion. Carried by the following votes: Ayes: Mary McCoy, Matt Oakley, Stephanie Holmes-Thomas Park and Downtown Improvement Corporation May 10, 2024 Meeting Page Page31ofof34 3 ITEM 5.1. 6 DISCUSSION ITEMS a) Financial Report Downtown Project Manager Raylan Smith gave the Financial Report. b) Summer Meeting Schedule Downtown Project Manager Raylan Smith explained the Summer Meeting Schedule. 7 NEW BUSINESS a) Discuss and consider Site Enhancement Matching Grant Program Application for BH Dave's Appliance - 218 W Moore Tori Lucas moved to approve the site enhancement - matching grant request for 218 West Moore Ave., with Matt Oakley seconding the motion. Carried by the following votes: Ayes: Mary McCoy, Hilary Heisel, Stephanie Holmes-Thomas b) Discuss and consider Downtown Revitalization Matching Grant Program Application for BMT Center - 804 S. Rockwall / 301 S. Rockwall Stephanie Holmes-Thomas moved to approved downtown revitalization- matching grant request for 804 S. Rockwall Ave., with Matt Oakley seconding the motion. Carried by the following votes: Ayes: Tori Lucas, Mary McCoy, Hilary Heisel c) Discuss and consider Downtown Revitalization Matching Grant Program Application for Southland Station, LLC - 504 E Moore Tori Lucas moved to table any motion for now, with Matt Oakley seconding the motion. Carried by the following votes: Ayes: Mary McCoy, Hilary Heisel, Stephanie Holmes-Thomas d) Discuss and consider FY 2024 Park Capital Projects Carnell Horn gave the Parks Update. e) Receive Summer 2024 City of Terrell Project Update Downtown Project Manager Raylan Smith gave the Summer 2024 City of Terrell Project Update. f) Discuss and consider approval of the Memorandum of Understanding between the City of Terrell, Texas Department of Transportation, North Central Texas Council of Governments, Kaufman County, and City of Terrell Park and Downtown Improvement Corporation for Complete Streets and Quiet Zones in Terrell Tori Lucas moved at approve Memorandum of Understanding between the City of Terrell, Texas Department of Transportation, North Central Texas Council of Park and Downtown Improvement Corporation May 10, 2024 Meeting Page Page42ofof34 3 ITEM 5.1. Governments, Kaufman County, and City of Terrell Park and Downtown Improvement Corporation for Complete Streets and Quiet Zones in Terrell, with Hilary Heisel seconding the motion. Ayes: Mary McCoy, Matt Oakley, Stephanie Holmes-Thomas g) Discuss and consider PADIC Resolution No. 2024-3 - Federal Railroad Administration Consolidated Rail Infrastructure and Safety Improvements Program Grant Hilary Heisel moved to approve PADIC Resolution No. 2024-3 - Federal Railroad Administration Consolidated Rail Infrastructure and Safety Improvements Program Grant, with Stephanie Holmes-Thomas seconding the motion. Ayes: Tori Lucas, Mary McCoy, Matt Oakley h) Discuss and consider FY 2025 Capital Work Plan Update Tori Lucas moved to approve FY 2025 Capital Work Plan Update, with Hilary Heisel seconding the motion. Ayes: Mary McCoy, Matt Oakley, Stephanie Holmes-Thomas 8 ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH SECTION 551 OF THE TEXAS GOVERNMENT CODE TO DISCUSS THE FOLLOWING: a) Section 551.087 - Deliberations Regarding Economic Development Negotiations 9 RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ITEMS DISCUSSED IN EXECUTIVE SESSION. 10 ADJOURN. Tori Lucas, President Attest: Dawn Steil, City Secretary Park and Downtown Improvement Corporation May 10, 2024 Meeting Page Page53ofof34 3 ITEM 5.2. MINUTES Park and Downtown Improvement Corporation and Park Board Joint Meeting 6:00 PM - Tuesday, May 21, 2024 City Council Chambers, 201 E. Nash Street, Terrell, TX The City of Terrell Park and Downtown Improvement Corporation conducted a PADIC Board Meeting on Tuesday, May 21, 2024 at 6:00 PM in the City Council Chambers, 201 E. Nash Street, Terrell, TX. MEMBERS President Tori Lucas PRESENT: Vice-President Sarah Kegerreis Secretary Hillary Heisel Member JC Jackson Member Patty Yocum Chairman Leonard Lancaster Vice-Chairman Dwight Malone Secretary Patty Yocum Member Caroline Brown Member Sharlet Mitchell Member Savannah Nordstrom Member Kelsey Wyble MEMBERS Member Mary Mccoy ABSENT: Member Matt Oakley Deputy Mayor Pro-Tem, District 4 Stephanie Holmes-Thomas STAFF PRESENT: Downtown Project Manager Raylan Smith Director of Public Services Glenn Caldwell 1 CALL TO ORDER 2 INVOCATION Hillary Heisel gave the invocation. 3 PLEDGE TO AMERICAN FLAG AND TEXAS FLAG. Vice-President Sarah Kegerreis led the pledges to the American and Texas flags. 4 HEAR REMARKS FROM VISITORS No one came forward to speak. 5 DISCUSSION ITEMS a) Discuss FY 2024 Park Capital Improvement Projects Update Carnell Horn gave the FY 2024 park capital improvement projects update. Park and Downtown Improvement Corporation May 21, 2024 Meeting Page Page61ofof34 2 ITEM 5.2. b) Discuss FY 2025 Park Capital Improvement Projects Requests Glenn Caldwell and Carnell Horn discussed FY 2025 park capital improvement projects requests; no action. c) Discuss Park Capital Improvement Long Range Planning Glenn Caldwell and Carnell Horn discussed FY 2025 park capital improvement projects requests; no action. 6 ADJOURN. Tori Lucas, President Attest: Dawn Steil, City Secretary Park and Downtown Improvement Corporation May 21, 2024 Meeting Page Page72ofof34 2  BUDGET SUMMARY FUND 318 - Park and Downtown Improvement Corp ITEM 6.1. REVNUE (BUDGET BOOK ESTIMATES & VALUES) 2021 2022 2023 YTD 2024 LINE ITEM DESCRIPTION ACTUAL ACTUAL BUDGET Actual BUDGET 318-00-3001-00 SALES TAX $ 982,837.80 $ 1,151,550.00 $ 1,197,443.00 $1,151,550.00 $ 1,114,605.43 318-00-3001-01 STATE GRANT INCOME 318-00-3001-02 FEDERAL GRANT INCOME 318-00-3002-00 CITY CONTRIBUTION 318-00-3601-00 INTEREST INCOME $ 623.82 $ 33,871.00 $ 2,400.00 $31,471.00 $ 2,400.00 318-00-3602-00 TRANSFER IN $ 983,461.62 $ 1,185,421.00 $ 1,199,843.00 $1,183,021.00 $ 1,117,005.43 EXPENDITURES (ACTUAL) FY 2025 - PLANNING FY 204 2021 2022 FY 2023 FY 2024 REMAINING FY 2025 BUDGET FY 2025 BUDGET REQUEST LINE ITEM DESCRIPTION FY 2023 BUDGET FY 2024 BUDGET EXPENSES TO ACTUAL ACTUAL ACTUAL EXPENSES BALANCE REQUEST (DETAIL) DATE 318-11-4402-00 ENGINEERING $ - $ - $ - $0.00 $ 140,000.00 $ 6,600.00 $ 120,590.00 318-11-4440-01 FASCADE REIMBURSEMENT PROGRAM $ - $ 145,609.00 $ 130,000.00 $117,826.75 $ 75,000.00 $ 22,956.25 $ 52,043.75 ANDERSON/GRIFFITH BLDG PARTN 318-11-4440-02 $ - $ - $ 400,000.00 $117,170.50 $ 400,000.00 $ 388,697.50 $ 11,302.50 FY 2023 - PARK & DOWNTOWN CAPITAL IMPROV EXP (LIT) 318-11-4440-03 DEVELOPMENT PARTNERSHIP $ - $ - $ - $0.00 $ 500,000.00 $ - $ 500,000.00 PARK CAPITAL IMPROVEMENTS 318-11-4501-00 $ - $ 75,000.00 $ 75,000.00 $102,782.00 $ 335,000.00 $ - $ 335,000.00 FY 2023 - LIT FROM ANDERSON/GRIFFITH ($27,782) DOWNTOWN CAPITAL IMPROVEMENTS 318-11-4502-00 $ - $ 163,889.00 $ 74,500.00 $163,888.50 $ 75,000.00 $ 14,700.00 $ 60,300.00 FY 2023 - LIT FROM ANDERSON/GRIFFITH (89,388.50) 318-11-4502-01 DOWNTOWN LANDSCAPE $ - $ - $ - $0.00 $ 500,000.00 $ 485,151.42 $ 14,848.58 318-11-4502-02 DOWNTOWN PARKING LOT $ - $ - $ - $0.00 $ 300,000.00 $ 11,447.50 $ 288,552.50 318-90-4495-00 TRANSFER TO I&S NO. 1 $ - $ 179,970.00 $ 179,970.00 $179,970.00 $ 180,000.00 $ - $ 180,000.00 318-90-4496-00 TRANSFER TO FUND 015 PPP $ - $ - $ - $ - Total Expenditures $ - $ 564,468.00 $ 859,470.00 $681,637.75 $ 2,505,000.00 $ 929,552.67 $ 1,562,637.33 $ - Excess / (Deficit) $ 620,953.00 $ 340,373.00 $ 501,383.25 $ (1,387,994.57) Balance Report (05.23.2023) FY 2023 BOY Fund Balance $2,591,816.00 $ 3,093,199.25 FY 2024 BOY Fund Balance 00-1101-00 CASH IN BANK $ 876,892.95 FY 2023 EOY Balance $3,093,199.25 $ 1,705,204.68 FY 2024 EOY Fund Balance (PROJECTED) 00-1102-00 CASH IN BANK - CLEARING FUND $ 750,522.00 000-1107-03 TEXAS RANGE $ 1,500,000.00 $ 3,127,414.95 Page 8 of 34 Pg 1 of  BUDGET SUMMARY FUND 318 - Park and Downtown Improvement Corp ITEM 6.1. TRANSACTION PURCHASE LINE ITEM LI DESCRIPTION BUDGET VENDOR INVOICE DESCRIPTION AMOUNT AMOUNT BALANCE DATE ORDER # ENGINEERING 318-11-4402-00 Downtown Landscape Design ($40,000) $ 140,000.00 $ 19,410.00 $ 120,590.00 Complete Streets Design ($100,000) 10.26.2023 KIMLEY-HORN 064495439-0923 $ 6,600.00 11.15.2023 KIMLEY-HORN 064495439-1023 $ 11,050.00 02.17.2024 KIMLEY-HORN 064495439-0124 $ 1,760.00 Page 9 of 34 Pg 2 of  TRANSACTION PURCHASE ITEM 6.1. LINE ITEM LI DESCRIPTION BUDGET VENDOR INVOICE DESCRIPTION AMOUNT AMOUNT BALANCE DATE ORDER # FAÇADE REIMBURSEMENT 318-11-4440-01 $ 75,000.00 $ 22,956.25 $ 52,043.75 PROGRAM THE MUSIC FY 2023 GRANT - 12.04.2023 SHOP @ PLUMBING $ 3,523.30 ROCKWALL REIMBURSEMENT IMAGINARY INVOICE 6669 Approved Agreement(s): 01.04.2024 $ 6,559.44 LINES 1ST QTR REIMBURSEMENT THE MUSIC INVOICE 00080 Budget - Imaginery Lines Lease $18,440.56 01.16.2024 SHOP @ 01.12.2024 PADIC BOARD $ 1,073.51 Reimbursement (09.08.2023) ROCKWALL MEETING Hummingbird - 1st floor retail $ 227,700.00 06.03.2024 RAY NG LIGHTING $ 4,900.00 reimbursement items Roof repair - $8,000 06.03.2024 RAY NG BRICK PAVERS $ 6,900.00 Windows, doors, awnings, storefront - $145,000 Sprinkler system - $39,700 Fire system - $10,000 Elevator - $25,000 Page 10 of 34  TRANSACTION PURCHASE ITEM 6.1. LINE ITEM LI DESCRIPTION BUDGET VENDOR INVOICE DESCRIPTION AMOUNT AMOUNT BALANCE DATE ORDER # 318-11-4440-02 ANDERSON / GRIFFITH PARTNERSHIP $ 400,000.00 $ 388,697.50 $ 11,302.50 REIMBURSEMENT - PINA 12.05.2023 ASBESTOS ABATEMENT $ 33,631.30 HOLDINGS, LLC (DEPOSIT) REIMBURSEMENT - PINA 02.12.2024 ASBESTOS ABATEMENT $ 94,178.70 HOLDINGS, LLC (DEPOSIT) PINA 03.08.2024 WINDOW - DEPOSIT $ 173,925.00 HOLDINGS, LLC PINA WINDOW - 75% 05.08.2024 $ 86,962.50 HOLDINGS, LLC COMPLETION Page 11 of 34  TRANSACTION PURCHASE ITEM 6.1. LINE ITEM LI DESCRIPTION BUDGET VENDOR INVOICE DESCRIPTION AMOUNT AMOUNT BALANCE DATE ORDER # 318-11-4440-03 DEVELOPMENT PARTNERSHIP $ 500,000.00 $ - $ 500,000.00 9800-00-514706-000-1104 NEW - FY 2024 Development Agreement Page 12 of 34  ITEM 6.1. LINE ITEM LI DESCRIPTION BUDGET TRANSACTION PURCHASE VENDOR INVOICE DESCRIPTION AMOUNT AMOUNT BALANCE 318-11-4501-00 PARK CAPITAL IMPROVEMENTS $ 335,000.00 $ - $ 335,000.00 Page 13 of 34  ITEM 6.1. LINE ITEM LI DESCRIPTION BUDGET TRANSACTION PURCHASE VENDOR INVOICE DESCRIPTION AMOUNT AMOUNT BALANCE 318-11-4502-00 DOWNTOWN CAPITAL IMPROVEMENTS $ 75,000.00 $ 14,700.00 $ 60,300.00 03.15.2024 MARK MISC - PROJECTS (DT $ 4,900.00 06.03.2024 MARK MISC - PROJECTS (DT $ 9,800.00 Page 14 of 34  ITEM 6.1. LINE ITEM LI DESCRIPTION BUDGET TRANSACTION PURCHASE VENDOR INVOICE DESCRIPTION AMOUNT AMOUNT BALANCE 318-11-4502-01 DOWNTOWN LANDSCAPE PROJECT $ 500,000.00 $ 485,151.42 $ 14,848.58 CONSTRUCTION CONTRACT TOTAL $ 500,562.50 11.17.2023 FORM & FIBER 23-100.01 $ 32,826.00 01.19.2024 KIMLEY-HORN 64495439-1223 $ 4,663.95 02.12.2024 NORTHROCK PAY APP #1 $ 82,603.67 $416,000.00 NORTH ROCK CONSTRUCTION 03.20.2024 NORTHROCK PAY APP #2 $ 257,153.28 $76,243.05 BALANCE 03.27.2024 KIMLEY-HORN 064495439-0224 $ 1,560.00 04.18.2024 NORTHROCK PAY APP #3 $ 72,283.52 04.19.2024 KIMLEY-HORN 064495439-0324 $ 1,235.00 05.03.2024 FORM & FIBER 23-100.02 $ 32,826.00 Page 15 of 34  ITEM 6.1. LINE ITEM LI DESCRIPTION BUDGET TRANSACTION PURCHASE VENDOR INVOICE DESCRIPTION AMOUNT AMOUNT BALANCE 318-11-4502-02 DOWNTOWN PARKING LOT PROJECT $ 300,000.00 $ 11,447.50 $ 288,552.50 10.23.2023 KIMLEY HORN VIRGINIA PARKING - SOUTH $ 3,600.00 $ 24,000.00 DESIGN SUBTOTAL 02.26.2024 KIMLEY HORN VIRGINIA PARKING - SOUTH $ 2,700.00 $ 23,100.00 PAID TO DATE 03.22.2024 KIMLEY HORN VIRGINIA PARKING - SOUTH $ 4,390.00 $ 900.00 04.19.2024 KIMLEY HORN VIRGINIA PARKING - SOUTH $ 757.50 Page 16 of 34  ITEM 6.1. LINE ITEM LI DESCRIPTION BUDGET TRANSACTION PURCHASE VENDOR INVOICE DESCRIPTION AMOUNT AMOUNT BALANCE 318-11-4496-00 TRANSFER TO I&S NO 1 $ 180,000.00 $ - $ 180,000.00 Page 17 of 34 ITEM 6.2. 06.14.2024 - Board Notes Park & Downtown Improvement Corporation Capital Work Plan FY2025 Update Page 18 of 34  Exhibit 2 ITEM 4.1. 6.2. Existing Public Partnership Opportunities County Bond Program $750,000 Complete Streets PRC - Memorandum of Understanding 05.10.2024 County Bond Program $2,000,000 Quiet Zones CRIS Grant application 06/2024 PADIC Local match - FY 2025 Regional Transportation Council $1,100,000 TDC/Complete Streets Frances Street construction Spur 226 construction Tax Increment Finance Reinvestment $435,000 Phase I BFTS Building Zone No. 1 Tax Increment Finance Reinvestment $700,000 BFTS Construction Zone No. 1 Town Square Project Option Public Private Partnership Fund $515,000 Land Banking to Date Texas Department of $750,000 Adelaide Draining & Sidewalks Agriculture/Gilchrist TxDOT $534,000 Rockwall Safe Routes to School Texas Department of Agriculture $500,000 Grove Street sidewalks City Utility Fund $3,480,000 South Alley and North Alley Reconstruction North Alley complete South Alley - CRISI Grant funding 14 Page Page16 19ofof139 34  Exhibit 3 ITEM 4.1. 6.2. Potential New or Expanded Public Partnerships Regional Transportation Council TBD Quiet Zones June 2026 Grant Application Regional Transportation Council TBD US 80/Spur 226 Complete Streets PRC - Memorandum of Understanding Tax Increment Finance Reinvestment TBD Additional Land Banking Zone No. 1 TxPWD TBD Trails/Outdoor Open Space Texas Department of Education/ Texas TBD SWCC Infrastructure Department of Agriculture Partial - CRISI Grant / Quiet Zone construction City Stormwater Fund TBD Correct Downtown Open Drainage City Council - Town Square Drainage Study Terrell Economic Development TBD Downtown Employment Partnership Corporation FY 2024 Economic Development Agreement 15 Page Page17 20ofof139 34  Exhibit 8 ITEM 4.1. 6.2. Threshold for Projects in All PADIC Categories Capital (not operations or maintenance) Game Changer for Terrell Threshold Requirements For Cost-Effective Equitable All Spending Opportunity for Direct or Indirect Private Investment Not feasible with traditional funding sources Sustainable 22 Page Page24 21ofof139 34 ITEM 4.1. 6.2. Short-Term High Impact Project Criteria • 6‐18 months to deliver • $150,000 in one budget year • Might combine 2 years or match with other funds • Very impactful • Worthy of groundbreaking photo on front page of Terrell Tribune • Supports nearby real estate values Project Ideas • Adelaide pocket park FY 2024 Economic Development Agreement • Sidewalk to neighborhood park • Neighborhood park equipment replacement • Sidewalks on South Frances from Moore and Grove • Downtown mural • Partnership with Developer • Other ides from Park Plan • Other ideas from Downtown Plan 34 Page Page36 22ofof139 34 ITEM 4.1. 6.2. Draft Short Term High Impact Options List ($150,000 Annual Recommended) (Alphabetical Order) Building Purchase/Renovation Downtown Parking Lighting Downtown Lighting at Parks Mural(s) Neighborhood Parks Pocket Park (Adelaide) Sidewalk Improvements Signage Downtown RFQ Summer 2024 - FY 2025 Funding Skate Park (Ben Gill) Splash Park (Ben Gill) Splash Pad (Downtown)Town Square Phasing options Several of these may require feasibility analysis, staff recommends a narrower list prior to short listing and moving to the next step 35 Page Page37 23ofof139 34 ITEM 4.1. 6.2. Preliminary Results of Board Deliberations First or Notes Overall Second Score Place Preliminary Short Term Summary Results Votes Included in Long-Term 1 Lighting at Parks 41 2 Need to scope for Board consideration 2 Neighborhood Parks 42 3 Need to contribute to South Alley project to make it match the Complete Streets vision 3 Downtown Parking 50 2 Façade program only 4 Building Purchase/Renovation 51 3 Need to contribute to South Alley project to make it match the Complete Streets 5 Lighting Downtown 51 1 vision Proceed pending partnership with 6 Pocket Park (Adelaide) 53 2 developer Need to contribute to South Alley project to make it match the Complete Streets 7 Signage Downtown 53 1 vision Need to contribute to South Alley project to make it match the Complete Streets 8 Sidewalk Improvements 54 3 vision Need to rescope this as a major project (more expensive) and consider as a future Long-Term project 9 Splash Park (Ben Gill) 65 0 Partnership with developer or do as part of Façade Program 10 Mural(s) 72 1 Hold for later 11 Skate Park (Ben Gill) 84 0 Hold for later 12 Splash Pad (Downtown) 86 0 40 Page Page424ofof139 34 ITEM 4.1. 6.2. Short-Term Projects Summary (not rank ordered) Project Next Steps Neighborhood Park Improvements Work with PADIC Board and Park Board to scope and prioritize South Alley Complete Streets Work with consulting firm to scope Included - Quiet Zone CRISI Grant Application various elements into the TWDB Project (sidewalks, lighting, consolidated trash pickup, murals and other aesthetic improvements) Adelaide Pocket Park Work with developer as part of a FY 2024 PINA HOLDINGS Development Agreement redevelopment partnership 41 Page Page43 25ofof139 34 ITEM 4.1. 6.2. Large Projects for Debt Service Options List ($5.1M / 30 years) (Alphabetical Order) Building Purchase/Renovation Downtown Complete Streets Downtown Parking Moore / Virginia - FY 2024 Land Banking for Downtown Land Banking for Tournament Fields Lighting for Youth Sports Fields Multi Purpose Building (Breezy Hill) Skate Park (Ben Gill) Splash Pads at all Parks Town Square Phasing options Quiet Zone + RR Safety FY 2024 CRISI Grant Town Square Infrastructure Town Square Park Several of these may require feasibility analysis, staff recommends a narrower list prior to short listing and moving to the next step 43 Page Page45 26ofof139 34 ITEM 4.1. 6.2. Preliminary Results of Board Deliberations First or Notes Overall Preliminary Long Term Summary Second Score Results Place Votes Need to plan and scope to include in the $5.1 Million 1 Downtown Complete Streets 29 4 Include in Complete Streets. Consider for Short-Term 2 Downtown Parking 44 1 No 3 Building Purchase/Renovation 46 3 Need to plan and scope to include in the $5.1 Million 4 Lighting for Youth Sports Fields 47 2 TIF is doing. No need to replicate unless amazing opportunity occurs 5 Land Banking for Downtown 51 2 Need to finish land acquisition 6 Multi Purpose Building (Breezy Hill) 52 2 Wait for results of City Town Square Master Plan with KSA Engineering. 7 Town Square Infrastructure 53 2 Wait for City/County Partnership. Need to incorporate good pedestrian crossings at the 8 Quiet Zone + RR Safety 63 1 Railroad Track Downtown Hold for later 9 Land Banking for Tournament Fields 79 0 Hold for later 10 Splash Pads at all Parks 80 1 Hold for later 11 Town Square Park 81 0 Hold for later 12 Skate Park (Ben Gill) 82 0 48 Page Page50 27ofof139 34 ITEM 4.1. 6.2. Large Projects Recommendations (not rank ordered) Project Next Steps Downtown Complete Streets Consolidate with County and Regional Transportation Council Transportation Development Credits to create a larger program of work. Need to meet with TxDOT/RTC; Need to enter agreement with County; Need to retain engineering firm to evaluate options and establish a realistic zone Lighting at Parks Need to retain consulting firm, review project with Park Board and develop a more detailed scope for pedestrian lighting, security lighting, sports field lighting and parking lighting options for PADIC Board review 49 Page Page51 28ofof139 34 ITEM 6.2. PADIC Board 2020 Capital Work Plan Short Term High Impact Options List Project Staff Update / Board Notes RFQ - development incentives Building Purchase / Renovation 113 W Moore (Downtown) 100 E Grove (Town Square) TIRZ #1 Partnership - FY 2024 Downtown Parking Virginia / Moore Parking Lots Rooftop lighting completed - FY 2023 Lighting Downtown Downtown Streetlight - Quiet Zone project construction Mural(s) Receive staff recommendations for funding Annual funding - Park Capital Improvements Neighborhood Parks $75,000 Pocket Park (Adelaide) Development Agreement - FY 2024 Adelaide - complete Sidewalk Improvements Broad Street - Quiet Zone project construction RFQ - marketing & branding FY 2024 Signage Downtown Consultant fees FY 2025 Skate Park Splash Pad Town Square water feature - FY 2026 2020 - Short Term Page 1 of29 Page 6 of 34 ITEM 6.2. PADIC Board 2025 Capital Work Plan Update Short Term High Impact Options List Project Staff Update / Board Notes 2025 - Short Term Page 2 of30 Page 6 of 34 ITEM 6.2. PADIC Board 2020 Capital Work Plan Large Projects for Debt Service Options Project Staff Update / Board Notes RFQ - development incentives Building Purchase / Renovation 113 W Moore (Downtown) 100 E Grove (Town Square) Downtown Complete Streets Quiet Zone Construction Town Square Parking - UPRR Parcels / Broad Street Quiet Zone Downtown Parking Construction Land Banking for Downtown FY 2025 - Huddle Up Group - Sports Tourism Strategic Land Banking for Tournament Fields Planning Proposal $28,000 Lighting for Youth Sports Fields Multi-Purpose Building (Breezy Hill) Skate Park Splash Pads Town Square Park water feature - FY 2026 FY 2024 CRISI Grant Application Quiet Zone + RR Safety 20% local match allocation - FY 2025 grant award notification Greenspace Planning & Construction Town Square Infrastructure Landscape / Streetscape Silo renovation - public restroom Town Square Park Water feature 2020 - Large Capital Page 3 of31 Page 6 of 34 ITEM 6.2. PADIC Board 2025 Capital Work Plan Update Large Projects for Debt Service Options Project Staff Update / Board Notes 2025 - Large Capital Page 4 of32 Page 6 of 34 ITEM 6.2. PADIC Board Debt Service Notes Project Grant Local Funding Description / Notes Existing Payment to I&S No. $ 180,000.00 $3M Certificate of Obligation - Park Improvements 1 FY 2025 Debt Service Page33 Page 5 ofof 6 34  Revenue - Budget Book Estimates & Values ITEM 6.3. Unaudited EOY FY Approved Budget YTD 2025 Budget Description Audited FY 2022 Notes Notes 2023 FY 2024 Actual Request SALES TAX $ 1,214,711.26 $ 1,151,550.14 $ 1,114,605.43 $ 1,114,605.43 Estimated - 2% increase $ 1,136,897.54 Estimated - 2% increase STATE GRANT INCOME FEDERAL GRANT INCOME CITY CONTRIBUTION INTEREST INCOME $ 3,121.27 $ 33,871.10 $ 2,400.00 $ 2,400.00 $ 2,400.00 TRANSFER IN REVENUE TOTALS $ 1,217,832.53 $ 1,185,421.24 $ 1,117,005.43 $ 1,117,005.43 $ 1,139,297.54 Revenue - Budget Book Estimates & Values YTD Unaudited EOY FY Approved Budget YTD 2025 Budget Description Audited FY 2022 Estimated FY 2025 Budget Request (Detail) 2023 FY 2024 Estimated Expenditures (Detail) Request Expenditures GRANT ADMINISTRATION ENGINEERING $ 140,000.00 $ 10,000.00 Engineering - parking lots $ 75,000.00 Moore / Rockwall - Parking Lot & Park Planning Marketing / Branding - consultant services CONSULTANT FEES & SERVICES $ 150,000.00 $75,000 Downtown Plan updates $75,000 Lyric tenant - lease reimbursement FASCADE REIMBURSEMENT Dr. Ng - lights and pavers $ 69,525.00 $ 117,826.75 $ 75,000.00 $ 40,000.00 $ 75,000.00 Lyric tenant - $25,000 (12-mo reimbursement) PROGRAM BH Daves - signage Chitty / Miracle - roof repair ANDERSON / GRIFFITH BLDG $ 117,170.50 $ 400,000.00 $ 400,000.00 COMPLETE $ - COMPLETE PNTR $500,000 - Pina Development Agreement Pina Development Agreement (July 1, 2024) DEVELOPMENT PARTNERSHIP $ 500,000.00 $ 500,000.00 $ 925,000.00 FY 2024 Roll-over $225,000 Hummingbird - $227,700 Downtown Building Developer RFP $200,000 Court renovation - Ben Gill Park (moved from FY PARK CAPITAL IMPROVEMENTS $ 102,782.00 $ 335,000.00 $ - Funds moved to FY 2024 $ 335,000.00 2024) Sports Tourism Strategic Planning Proposal DOWNTOWN CAPITAL (partner - Chamber / City / PADIC) $50,000 $ 473.75 $ 163,888.50 $ 75,000.00 $ 15,000.00 Arch Design Services - Mark Thacker (Misc) $ 75,000.00 IMPROVEMENTS Mural - staff requests only Misc Downtown Services DOWNTOWN LANDSCAPE $ 500,000.00 $ 500,000.00 COMPLETE $ - COMPLETE Town Square - UPRR Parcels (TIRZ Partnership) DOWNTOWN PARKING LOT $ 300,000.00 $ 300,000.00 Virginia / Moore - COMPLETE $ - Rockwall & Moore Parking / Greenspace $180,000 - existing payment ($3M) TRANSFER TO I&S NO. 1 $ 180,000.00 $ 179,970.00 $ 180,000.00 $ 180,000.00 FY 2024 Transfer Payment $ 360,000.00 $180,000 - future debt service options Mural Project - move to within Downtown Capital Mural Project - move to within Downtown Capital TRANSFER TO FUND 015 PPP $ 250,000.00 $ - $ - Improvements - staff recommendations Improvements - staff recommendations EXPENSE TOTALS $ 499,998.75 $ 681,637.75 $ 2,505,000.00 $ 1,945,000.00 $ 1,995,000.00 NET INCOME / (EXPENSE) $ 717,833.78 $ 503,783.49 $ (1,387,994.57) $ (827,994.57) $ (855,702.46) Page 34 of 34 Cash & Investments, Beginning $ 2,098,706.23 $ 2,816,540.01 $ 3,320,323.50 $ 3,320,323.50 $ 2,492,328.93 of Year Cash & Investments, End of Year $ 2,816,540.01 $ 3,320,323.50 $ 1,932,328.93 $ 2,492,328.93 $ 1,636,626.47