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2022 0419
Agenda Item No:1.5 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Jackie Kopsa Submitting Department: Parks & Recreation Item Type: Announcement Agenda Section: Subject: Recognize Girl Scout Troop 8401 for their donation of agility equipment at the Pawsome Dog Park. (Kopsa) Suggested Action: Girl Scout Troop 8401 raised $3,350 that was used to purchase agility equipment at the Pawsome Dog Park. They then assisted Parks staff to install the equipment on Saturday, March 26. Attachments: 4 Agenda Item No:1.6 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Tina Stewart Submitting Department: City Secretary Item Type: Miscellaneous Agenda Section: Subject: Items of Community Interest Suggested Action: Attachments: 5 Agenda Item No:1.7 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Megan Charters Submitting Department: Library Item Type: Announcement Agenda Section: Subject: Receive presentation from the Library regarding upcoming events and activities. (Charters) Suggested Action: Attachments: 6 Agenda Item No:3.1 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Joe Perez Submitting Department: General Admin Item Type: Presentation Agenda Section: Subject: Receive a presentation and update from The Colony Chamber of Commerce. (Perez) Suggested Action: Attachments: 7 Agenda Item No:3.2 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Tina Stewart Submitting Department: City Secretary Item Type: Discussion Agenda Section: Subject: Discuss Public Information Requests Quarterly Report as presented for Council review. (Stewart) Suggested Action: Attachments: PIR Quarterly Reports.pdf 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Agenda Item No:3.3 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Tina Stewart Submitting Department: City Secretary Item Type: Miscellaneous Agenda Section: Subject: Council to provide direction to staff regarding future agenda items. (Council) Suggested Action: Attachments: 22 Agenda Item No:4.1 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Tina Stewart Submitting Department: City Secretary Item Type: Minutes Agenda Section: Subject: Consider approving City Council Regular Session meeting minutes for April 5, 2022. (Stewart) Suggested Action: Attachments: April 5, 2022 DRAFT Minutes.docx 23 1 These items are strictly public service announcements. Expressions of thanks, congratulations or condolences; information regarding holiday schedules; honorary recognition of city officials, employees or other citizens; reminders about upcoming events sponsored by the City or other entity that are scheduled to be attended by a city official or city employee. No action will be taken and no direction will be given regarding these items. MINUTES OF THE CITY COUNCIL REGULAR SESSION HELD ON APRIL 5, 2022 The Regular Session of the City Council of the City of The Colony, Texas, was called to order at 6:30 p.m. on the 5 th day of April 2022, at City Hall, 6800 Main Street, The Colony, Texas, with the following roll call: Richard Boyer, Mayor Judy Ensweiler, Councilmember Robyn Holtz, Councilmember Brian Wade, Councilmember David Terre, Councilmember Perry Schrag, Councilmember Joel Marks, Councilmember Present Present Present Present Present Present Present And with 7 councilmembers present a quorum was established and the following items were addressed: 1.0 ROUTINE ANNOUNCEMENTS, RECOGNITIONS and PROCLAMATIONS 1.1 Call to Order Mayor Boyer called the meeting to order at 6:30 p.m. 1.2 Invocation Pastor Jess Allen with Horizons Church delivered the invocation. 1.3 Pledge of Allegiance to the United States Flag The Pledge of Allegiance to the United States Flag was recited. 1.4 Salute to the Texas Flag Salute to the Texas Flag was recited. 1.5 CASA of Denton County to receive Child Abuse Awareness Month Proclamation. Mayor proclaimed the month of May as “Child Abuse Awareness Month”. CASA of Denton County representatives, Pattie Huestis and Tina Corbett, accepted the proclamation. 1.6 Items of Community Interest 1.7 Receive presentation from Parks and Recreation regarding upcoming events and activities. Special Events Supervisor, Lindsey Stansell, provided upcoming events and activities to the Council. 24 City Council – Regular Meeting Agenda April 5, 2022 Page| 2 1.7.1 Receive presentation from the Library regarding Library Board and volunteer recognition and presentation of the James W. Althaus Volunteer of the Year Award.s Library Director, Megan Charters, presented this item to Council. She recognized longtime board member Jake Kelly for her years of service from to The Colony Library Board. Volunteer Coordinator, Tammy Beauchamp, was present while volunteers were recognized for their service to the Library. Joan L. Sveinsson, former Library Director, was recognized as the James W. Althaus Volunteer of the Year Award. 2.0 CITIZEN INPUT None 3.0 WORK SESSION 3.1 Receive a presentation from the Convention & Visitors Bureau/Communications Department regarding The Colony Culture video series. Tourism & Visitors Bureau Manager, Mariko Lanicek and Blaine Crimmins, Communications Manager, presented this item to Council. 3.2 Council to provide direction to staff regarding future agenda items. Councilman Terre acknowledged board members, Don Beckel and Steve Sohn’s upcoming resignations from the Community Development Corporation. 4.0 CONSENT AGENDA Motion to approve items from the Consent Agenda with the exception of Agenda Item 4.4 for separate consideration- Marks; second by Schrag, motion carried with all ayes. 4.1 Consider approving City Council Regular Session meeting minutes for March 22, 2022. 4.2 Accept the Notice of Police Seized Fund Expenditure. 4.3 Consider approving a resolution authorizing the City Manager to execute an updated Estoppel and Subordination Agreement for Marine Quest, Hidden Cove, L.P. and Plains Capital Bank as required to secure funding for improvements at Hidden Cove Park. RESOLUTION NO. 2022-018 *ITEM REMOVED FROM AGENDA FOR SEPARATE CONSIDERATION* 25 City Council – Regular Meeting Agenda April 5, 2022 Page| 3 4.4 Consider approving a resolution authorizing the Mayor to execute a Construction Services Contract in the amount of $4,197,192.00with Urban Infraconstruction for the Phase 11 Residential Street Reconstruction Project. Director of Engineering, Ron Hartline, provided an overview on the proposed resolution. Motion to approve- Wade; second by Schrag, motion carried with all ayes. RESOLUTION NO. 2022-019 4.5 Accept the Police Department Annual Traffic Stop Report. 5.0 REGULAR AGENDA ITEMS 5.1 Conduct a public hearing, discuss and consider an ordinance for amendments to Planned Development -18 (PD-18) and Planned Development-23 (PD-23) District aka The Tribute, by modifying Exhibit B "Development Regulations for PD-18 and PD-23," updating the Concept Plan illustration, establishing a single family development plan and providing development standards for "Westbury Phase 6" (an approximately 33.217 acre area located north and northeast of the intersection of [future] Banksideand Lebanon Road) and modifying the garage size requirement for "Westbury Phase 4" (an approximately 44.278-acre area located north and northeast of the intersection of Prescott and Lebanon Road) within the Tribute Community. Senior Planner, Isaac Williams, presented the proposed ordinance to Council. The Development Review Committee recommends approval of the proposed ordinance amendments. The Planning and Zoning Commission voted 7-0 to recommend approval of the proposed ordinance amendments. The public hearing opened at 7:19 p.m. Kathy Cunningham, Consultant with Matthews Southwest, appeared in support of the proposed ordinance amendments. There being no other speakers the public hearing closed at 7:22 p.m. Motion to approve- Terre; second by Ensweiler, motion carried with all ayes. RESOLUTION NO. 2022-2463 5.2 Conduct a public hearing, discuss and consider an ordinance for amendments to Planned Development -18 (PD-18) and Planned Development-23 (PD-23) District aka The Tribute, by modifying Exhibit B "Development Regulations for PD-18 and PD-23," updating the Concept Plan illustration, establishing a mixed single-family (traditional detached single-family and townhome) development plan and providing development standards for "Chelsea Green at the Tribute" an approximately 29.691 acre area located southwest of the intersection of the intersection of Bridge Lane and Lebanon Road within the Tribute Community. 26 City Council – Regular Meeting Agenda April 5, 2022 Page| 4 Senior Planner, Isaac Williams, presented the proposed ordinance to Council. The Development Review Committee recommends approval of the proposed ordinance amendments. The Planning and Zoning Commission vote 6-0 to recommend approval of the proposed amendments. The public hearing was opened at 7:27 p.m. Kathy Cunningham, Consultant with Matthew Southwest, 320 W. Main Street, Lewisville, appeared in support of the proposed ordinance. There being no other speakers the public hearing closed at 7:34 p.m. Motion to approve- Holtz; second by Ensweiler, motion carried with all ayes. RESOLUTION NO. 2022-2646 5.3 Conduct a public hearing, discuss and consider an ordinance for amendments to Planned Development -16 (PD-16) Ordinance No.99-1129 and as amended by Ordinance No. 2020-2397 by modifying Exhibit B "Development Standards" and Exhibit C "Site Exhibit," to increase the height of the existing billboard from 42.5 feet to 70 feet. The subject site is located at 5733 SH121 within Lot 5A, Block A (Village at 121 shopping center) within the Planned Development-16 District and Gateway Overlay District. Senior Planner, Isaac Williams, presented the proposed ordinance to Council. The Planning and Zoning Commission voted 6-0 to approve the proposed ordinance amendments. The public hearing opened at 7:43 p.m. Amir Robertson, 2901 Dallas Parkway, Plano, appeared in support of the proposed ordinance amendment. There being no other speakers the public hearing closed at 7:43 p.m. Motion to approve- Schrag; second by Marks, motion carried with all ayes. ORDINANCE NO. 2022-2465 6.0 EXECUTIVE SESSION 7.0 EXECUTIVE SESSION ACTION ADJOURNMENT With there being no further business to discuss the meeting adjourned at 7:48 p.m. 27 City Council – Regular Meeting Agenda April 5, 2022 Page| 5 APPROVED: __________________________________ Richard Boyer, Mayor City of The Colony, Texas ATTEST: _______________________________ Tina Stewart, TRMC, CMC City Secretary 28 Agenda Item No:4.2 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Tina Stewart Submitting Department: Economic Development Item Type: Ordinance Agenda Section: Subject: Consider approving an ordinance expenditure and budget amendment for the Economic Development Corporation (EDC) portion of demolition and replacement of ceiling tile, duct work, and roof replacement of the building at 6301 Main Street in the amount not to exceed $265,000.00 from the Preferred Vendor List and the BuyBoard Purchasing Cooperative out of Economic Development Corporation funds. (Sanford) Suggested Action: The EDC moved into the building in 2018 and since that time we have had multiple issues with standing water and leaks, as well as issues with rodent damage/decay. In an effort to mitigate these issues and maintain our investment we need to make the repairs. The total repair and replacement cost is estimated to be $265,000, which includes replacement of the roof with a new 30 year roof for $244,000. Suggested Action: The Economic Development Corporation recommended approval of $265,000 for repairs to the building at 6301 Main at their April 13th meeting. Attachments: Ord. 2022-xxxx Budget Amendment - Type A EDC - 6301 Main Street.docx 29 1 CITY OF THE COLONY, TEXAS ORDINANCE NO. 2022 - APPROVING EDC EXPENDITURE AND APPROVING FISCAL YEAR 2021-2022 BUDGET AMENDMENT AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, APPROVING AN EXPENDITURE OF THE COLONY ECONOMIC DEVELOPMENT CORPORATION, A TYPE A ECONOMIC DEVELOPMENT CORPORATION, BY APPROVING DEMOLITION, REPAIR, AND REPLACEMENT COSTS FOR 6301 MAIN STREET IN AN AMOUNT NOT TO EXCEED $265,000.00; AND AMENDING ORDINANCE 2021-2447, ADOPTING THE FISCAL YEAR 2021-2022 BUDGET FOR THE CITY OF THE COLONY, TEXAS, BY AMENDING THE FISCAL YEAR 2021-2022 BUDGET FOR THE COLONY ECONOMIC DEVELOPMENT CORPORATION TO INCLUDE THE DEMOLITION, REPAIR, AND REPLACEMENT COSTS FOR 6301 MAIN STREET IN AN AMOUNT NOT TO EXCEED $265,000.00; PROVIDING A CUMULATIVE CLAUSE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR A SAVINGS CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Council of the City of The Colony, Texas, is conducting business pursuant to a budget for fiscal year 2021-2022, heretofore previously adopted by Ordinance No. 2021-2447 on September 7, 2021; and WHEREAS, Section 102.010 of the Texas Local Government Code authorizes the governing body of a municipality to make changes in the budget for municipal purposes; and WHEREAS,Section 501.073(a) of the Texas Local Government Code provides that the City Council of the City of The Colony, Texas, shall approve all expenditures of The Colony Economic Development Corporation, a Type A economic development corporation, operating pursuant to Chapter 504 of the Texas Local Government Code; and WHEREAS, the City Council of the City of The Colony, Texas, hereby approves an expenditure of The Colony Economic Development Corporation consisting of demolition, repair, and replacement costs for 6301 Main Street in an amount not to exceed $265,000.00; and WHEREAS, the City Council of the City of The Colony, Texas, finds and determines it in the best interest of the City of The Colony, Texas, to increase The Colony Economic Development Corporation’s budget to include demolition, repair, and replacement costs for 6301 Main Street in an amount not to exceed $265,000.00; and WHEREAS, the City Council of the City of The Colony, Texas, has reviewed the budget and has determined that a valid municipal purpose is served by such budget increases and reallocation of funds. 30 2 NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1.INCORPORATION OF PREMISES. The above and foregoing premises are incorporated into the body of this Ordinance as if copied herein in their entirety. SECTION 2.APPROVING AN EDC EXPENDITURE. Pursuant to Section 501.073(a) of the Texas Local Government Code, the City Council of the City of The Colony, Texas, does hereby approve an expenditure of The Colony Economic Development Corporation, a Type A economic development corporation, for the demolition, repair, and replacement costs for 6301 Main Street in an amount not to exceed Two Hundred Sixty-Five Thousand and No/100 Dollars ($265,000.00). SECTION 3.AMENDING FISCAL YEAR BUDGET. That the City Council of the City of The Colony, Texas, does hereby approve a budget amendment to the 2021-2022 budget for The Colony Economic Development Corporation by adding demolition, repair, and replacement costs for 6301 Main Street in an amount not to exceed Two Hundred Sixty-Five Thousand and No/100 Dollars ($265,000.00). SECTION 4.CUMULATIVE CLAUSE This Ordinance shall be cumulative of all provisions of Ordinances of the City of The Colony, Texas, except where the provisions of this Ordinance are in direct conflict with the provisions of such Ordinances, in which event the conflicting provisions of such Ordinances are hereby repealed. SECTION 5.SEVERABILITY CLAUSE It is hereby declared to be the intention of the City Council of The City of The Colony, Texas, that the phrases, clauses, sentences, paragraphs, and sections of this Ordinance are severable, and if any phrase, clause, sentence, paragraph, or section of this Ordinance should be declared unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such unconstitutionality shall not affect any of the remaining phrases, clauses, sentences, paragraphs, or sections of this Ordinance, since the same would have been enacted by the City Council without incorporation in this Ordinance of any such unconstitutional phrase, clause, sentence, paragraph, or section. SECTION 6.SAVINGS CLAUSE All rights and remedies of the City of The Colony, Texas, are expressly saved as to any and all violations of the provisions of any Ordinances affecting budgets, budget approval or adoption, which have accrued at the time of the effective date of this Ordinance; and, as to such 31 3 accrued violations and all pending litigation, both civil and criminal, whether pending in court or not, under such Ordinances, same shall not be affected by this Ordinance but may be prosecuted until final disposition by the courts. SECTION 7.EFFECTIVE DATE This Ordinance shall be in full force and effect from and after its date of passage. PASSED AND APPROVED, this the 19 th day of APRIL , 2022. __________________________________ Richard Boyer, Mayor City of The Colony, Texas ATTEST: Tina Stewart, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 32 Agenda Item No:4.3 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Tina Stewart Submitting Department: Economic Development Item Type: Ordinance Agenda Section: Subject: Consider approving an ordinance expenditure and budget amendment for the Economic Development Corporation (EDC) portion of the design, supply, integration, installation, and commissioning of Dark Fiber Infrastructure connecting two data centers via a new 144-strand fiber backbone capable of at least 40Gbps from Fire Station #4 to 6301 Main Street in the amount not to exceed $900,000.00 through Interlocal Agreement Pricing or government pricing cooperative contract out of Economic Development Corporation funds. (Samford) Suggested Action: The city currently leases fiber for their communication/internet needs and the leases range from month-to-month up to an annual basis. The city does not want to be beholden to outside entities for reliable communication so they will be installing all new fiber lines that they will control and own. The EDC will pay for the portion that will run from the Server Room at Fire Station #4 to the EDC building at 6301 Main Street that will have an estimated cost not to exceed $900,000.00, which is the EDC’s portion of the entire city fiber project. Suggested Action: The Economic Development Corporation recommended approval of $ for the design, supply, integration, installation, and commissioning of Dark Fiber Infrastructure connecting two data centers via a new 144-strand fiber backbone capable of at least 40Gbps from Fire Station #4 to 6301 Main Street at their April 13th meeting. Attachments: Ord. 2022-xxxx Budget Amendment - Type A EDC - Fiber Infrastructure.docx 33 1 CITY OF THE COLONY, TEXAS ORDINANCE NO. 2022 - APPROVING EDC EXPENDITURE AND APPROVING FISCAL YEAR 2021-2022 BUDGET AMENDMENT AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, APPROVING AN EXPENDITURE OF THE COLONY ECONOMIC DEVELOPMENT CORPORATION, A TYPE A ECONOMIC DEVELOPMENT CORPORATION, BY APPROVING AN EXPENDITURE FOR THE DESIGN, SUPPLY, INTEGRATION, INSTALLATION OF DARK FIBER INFRASTRUCTURE CONNECTING DATA CENTERS FROM FIRE STATION #4 TO 6301 MAIN STREET IN AN AMOUNT NOT TO EXCEED $900,000.00; AND AMENDING ORDINANCE 2021-2447, ADOPTING THE FISCAL YEAR 2021-2022 BUDGET FOR THE CITY OF THE COLONY, TEXAS, BY AMENDING THE FISCAL YEAR 2021-2022 BUDGET FOR THE COLONY ECONOMIC DEVELOPMENT CORPORATION TO INCLUDE THE DARK FIBER INFRASTRUCTURE EXPENDITURE IN AN AMOUNT NOT TO EXCEED $900,000.00; PROVIDING A CUMULATIVE CLAUSE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR A SAVINGS CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Council of the City of The Colony, Texas, is conducting business pursuant to a budget for fiscal year 2021-2022, heretofore previously adopted by Ordinance No. 2021-2447 on September 7, 2021; and WHEREAS, Section 102.010 of the Texas Local Government Code authorizes the governing body of a municipality to make changes in the budget for municipal purposes; and WHEREAS,Section 501.073(a) of the Texas Local Government Code provides that the City Council of the City of The Colony, Texas, shall approve all expenditures of The Colony Economic Development Corporation, a Type A economic development corporation, operating pursuant to Chapter 504 of the Texas Local Government Code; and WHEREAS, the City Council of the City of The Colony, Texas, hereby approves an expenditure of The Colony Economic Development Corporation consisting of the design, supply, integration, installation of dark fiber infrastructure connecting data centers from Fire Station #4 to 6301 Main Street in an amount not to exceed $900,000.00; and WHEREAS, the City Council of the City of The Colony, Texas, finds and determines it in the best interest of the City of The Colony, Texas, to increase The Colony Economic Development Corporation’s budget to include the design, supply, integration, installation of dark fiber infrastructure connecting data centers from Fire Station #4 to 6301 Main Street in an amount not to exceed $900,000.00; and 34 2 WHEREAS, the City Council of the City of The Colony, Texas, has reviewed the budget and has determined that a valid municipal purpose is served by such budget increases and reallocation of funds. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1.INCORPORATION OF PREMISES. The above and foregoing premises are incorporated into the body of this Ordinance as if copied herein in their entirety. SECTION 2.APPROVING AN EDC EXPENDITURE. Pursuant to Section 501.073(a) of the Texas Local Government Code, the City Council of the City of The Colony, Texas, does hereby approve an expenditure of The Colony Economic Development Corporation, a Type A economic development corporation, for the design, supply, integration, installation of dark fiber infrastructure connecting data centers from Fire Station #4 to 6301 Main Street in an amount not to exceed Nine Hundred Thousand and No/100 Dollars ($900,000.00). SECTION 3.AMENDING FISCAL YEAR BUDGET. That the City Council of the City of The Colony, Texas, does hereby approve a budget amendment to the 2021-2022 budget for The Colony Economic Development Corporation by adding an expenditure for the design, supply, integration, installation of dark fiber infrastructure connecting data centers from Fire Station #4 to 6301 Main Street in an amount not to exceed Nine Hundred Thousand and No/100 Dollars ($900,000.00). SECTION 4.CUMULATIVE CLAUSE This Ordinance shall be cumulative of all provisions of Ordinances of the City of The Colony, Texas, except where the provisions of this Ordinance are in direct conflict with the provisions of such Ordinances, in which event the conflicting provisions of such Ordinances are hereby repealed. SECTION 5.SEVERABILITY CLAUSE It is hereby declared to be the intention of the City Council of The City of The Colony, Texas, that the phrases, clauses, sentences, paragraphs, and sections of this Ordinance are severable, and if any phrase, clause, sentence, paragraph, or section of this Ordinance should be declared unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such unconstitutionality shall not affect any of the remaining phrases, clauses, sentences, paragraphs, or sections of this Ordinance, since the same would have been enacted by the City Council without incorporation in this Ordinance of any such unconstitutional phrase, clause, sentence, paragraph, or section. 35 3 SECTION 6.SAVINGS CLAUSE All rights and remedies of the City of The Colony, Texas, are expressly saved as to any and all violations of the provisions of any Ordinances affecting budgets, budget approval or adoption, which have accrued at the time of the effective date of this Ordinance; and, as to such accrued violations and all pending litigation, both civil and criminal, whether pending in court or not, under such Ordinances, same shall not be affected by this Ordinance but may be prosecuted until final disposition by the courts. SECTION 7.EFFECTIVE DATE This Ordinance shall be in full force and effect from and after its date of passage. PASSED AND APPROVED, this the 19 th day of APRIL, 2022. __________________________________ Richard Boyer, Mayor City of The Colony, Texas ATTEST: Tina Stewart, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 36 Agenda Item No:4.4 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Tina Stewart Submitting Department: Economic Development Item Type: Ordinance Agenda Section: Subject: Consider approving an ordinance expenditure and budget amendment for the Economic Development Corporation (EDC) portion of the design and installation for a docking station and emergency backup generator at 6301 Main Street in the amount not to exceed $225,000.00 through Sourcewell government pricing out of Economic Development Corporation funds. (Samford) Suggested Action: In the event of a large scale disaster or power outage the docking station and emergency backup generator will allow us to continue operations per our emergency operations and business continuity plans so we can help businesses with disaster response and recovery like we did during the pandemic. The timeframe to build an emergency backup generator is currently around one year and in the meantime we can install the docking station, which will allow for a portable generator as a temporary solution to ensure uninterrupted service. The Economic Development Corporation recommended amount not to exceed $225,000 for the design and installation for a docking station and emergency backup generator at 6301 Main Street at their April 13th meeting. Attachments: Ord. 2022-xxxx Budget Amendment - Type A EDC - Docking station generator.docx 37 1 CITY OF THE COLONY, TEXAS ORDINANCE NO. 2022 - APPROVING EDC EXPENDITURE AND APPROVING FISCAL YEAR 2021-2022 BUDGET AMENDMENT AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, APPROVING AN EXPENDITURE OF THE COLONY ECONOMIC DEVELOPMENT CORPORATION, A TYPE A ECONOMIC DEVELOPMENT CORPORATION, BY APPROVING AN EXPENDITURE FOR THE DESIGN AND INSTALLATION OF A DOCKING STATION AND EMERGENCY BACKUP GENERATOR AT 6301 MAIN STREET IN AN AMOUNT NOT TO EXCEED $225,000.00; AND AMENDING ORDINANCE 2021-2447, ADOPTING THE FISCAL YEAR 2021-2022 BUDGET FOR THE CITY OF THE COLONY, TEXAS, BY AMENDING THE FISCAL YEAR 2021-2022 BUDGET FOR THE COLONY ECONOMIC DEVELOPMENT CORPORATION TO INCLUDE THE DOCKING STATION AND EMERGENCY BACKUP GENERATOR EXPENDITURE IN AN AMOUNT NOT TO EXCEED $225,000.00; PROVIDING A CUMULATIVE CLAUSE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR A SAVINGS CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Council of the City of The Colony, Texas, is conducting business pursuant to a budget for fiscal year 2021-2022, heretofore previously adopted by Ordinance No. 2021-2447 on September 7, 2021; and WHEREAS, Section 102.010 of the Texas Local Government Code authorizes the governing body of a municipality to make changes in the budget for municipal purposes; and WHEREAS,Section 501.073(a) of the Texas Local Government Code provides that the City Council of the City of The Colony, Texas, shall approve all expenditures of The Colony Economic Development Corporation, a Type A economic development corporation, operating pursuant to Chapter 504 of the Texas Local Government Code; and WHEREAS, the City Council of the City of The Colony, Texas, hereby approves an expenditure of The Colony Economic Development Corporation consisting of the design and installation of a docking station and emergency backup generator at 6301 Main Street in amount not to exceed $225,000.00; and WHEREAS, the City Council of the City of The Colony, Texas, finds and determines it in the best interest of the City of The Colony, Texas, to increase The Colony Economic Development Corporation’s budget to include the expenditure consisting of a docking station and emergency backup generator at 6301 Main Street in amount not to exceed $225,000.00; and 38 2 WHEREAS, the City Council of the City of The Colony, Texas, has reviewed the budget and has determined that a valid municipal purpose is served by such budget increases and reallocation of funds. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1.INCORPORATION OF PREMISES. The above and foregoing premises are incorporated into the body of this Ordinance as if copied herein in their entirety. SECTION 2.APPROVING AN EDC EXPENDITURE. Pursuant to Section 501.073(a) of the Texas Local Government Code, the City Council of the City of The Colony, Texas, does hereby approve an expenditure of The Colony Economic Development Corporation, a Type A economic development corporation, for a docking station and emergency backup generatorat 6301 Main Street in amount not to exceed Two Hundred Twenty- Five Thousand and No/100 Dollars ($225,000.00). SECTION 3.AMENDING FISCAL YEAR BUDGET. That the City Council of the City of The Colony, Texas, does hereby approve a budget amendment to the 2021-2022 budget for The Colony Economic Development Corporation by adding an expenditure for a docking station and emergency backup generator at 6301 Main Street in amount not to exceed Two Hundred Twenty-Five Thousand and No/100 Dollars ($225,000.00). SECTION 4.CUMULATIVE CLAUSE This Ordinance shall be cumulative of all provisions of Ordinances of the City of The Colony, Texas, except where the provisions of this Ordinance are in direct conflict with the provisions of such Ordinances, in which event the conflicting provisions of such Ordinances are hereby repealed. SECTION 5.SEVERABILITY CLAUSE It is hereby declared to be the intention of the City Council of The City of The Colony, Texas, that the phrases, clauses, sentences, paragraphs, and sections of this Ordinance are severable, and if any phrase, clause, sentence, paragraph, or section of this Ordinance should be declared unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such unconstitutionality shall not affect any of the remaining phrases, clauses, sentences, paragraphs, or sections of this Ordinance, since the same would have been enacted by the City Council without incorporation in this Ordinance of any such unconstitutional phrase, clause, sentence, paragraph, or section. 39 3 SECTION 6.SAVINGS CLAUSE All rights and remedies of the City of The Colony, Texas, are expressly saved as to any and all violations of the provisions of any Ordinances affecting budgets, budget approval or adoption, which have accrued at the time of the effective date of this Ordinance; and, as to such accrued violations and all pending litigation, both civil and criminal, whether pending in court or not, under such Ordinances, same shall not be affected by this Ordinance but may be prosecuted until final disposition by the courts. SECTION 7.EFFECTIVE DATE This Ordinance shall be in full force and effect from and after its date of passage. PASSED AND APPROVED, this the 19 th day of APRIL, 2022. __________________________________ Richard Boyer, Mayor City of The Colony, Texas ATTEST: Tina Stewart, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 40 Agenda Item No:5.1 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: David Cranford Submitting Department: Finance Item Type: Presentation Agenda Section: Subject: Presentation by Weaver and Tidwell regarding the Annual Comprehensive Financial Report for the 2020-2021 Fiscal Year. (Cranford) Suggested Action: John DeBurro with the City's audit firm Weaver and Tidwell will present the Annual Comprehensive Financial Report for the 2020-21 fiscal year. Attachments: 2021 cafr acfr color The Colony Final Report (002).pdf The Colony FY21 Council Presentation audit acfr 4-19-22.pdf 41 42 43 CITY OF THE COLONY, TEXAS ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021 As Prepared By The Finance Department David Cranford, Director 44 45 CITY OF THE COLONY, TEXAS ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021 TABLE OF CONTENTS Exhibit / Table Page INTRODUCTORY SECTION Letter of Transmittal i Certificate of Achievement v Organizational Chart vi City Officials Chart vii FINANCIAL SECTION Independent Auditor’s Report 1 MANAGEMENT'S DISCUSSION AND ANALYSIS 4 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements Statement of Net Position 1 14 Statement of Activities 2 15 Governmental Fund Financial Statements Balance Sheet 3 17 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position 4 18 Statement of Revenues, Expenditures, and Changes in Fund Balanc e519 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statements of Activi ties 6 20 Proprietary Fund Financial Statements Statement of Net Position 7 21 Statement of Revenues, Expenses, and Changes in Fund Net Positi on 8 23 Statement of Cash Flows 9 24 Discretely Presented Component Units Financial Statements Statement of Net Position 10 26 Statement of Activities 11 27 Notes to Financial Statements 29 REQUIRED SUPPLEMENTARY INFORMATION Schedule of Changes in Net Pension Liability and Related Ratios – TMRS A - 1 68 Schedule of Pension Contributions – TMRS A - 2 69 Schedule of Changes in Total OPEB Liability and Related Ratios – TMRS A - 3 70 Schedule of OPEB Contributions – TMRS A - 4 71 General Fund Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual A - 5 72 Notes to Budgetary comparison schedule 73 46 CITY OF THE COLONY, TEXAS ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021 TABLE OF CONTENTS Exhibit / Table Page COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES Major Governmental Funds Budgetary Comparison Schedule – Debt Service Fund B - 1 75 Nonmajor Governmental Funds Combining Balance Sheet C - 1 77 Combining Statement of Revenues, Expenditures, and Changes in Fund Balan C - 2 79 Lake Parks Fund - Budgetary Comparison Schedule C - 3 81 Special Events Fund - Budgetary Comparison Schedule C - 4 82 Hotel / Motel Taxes Fund - Budgetary Comparison Schedule C - 5 83 Child Safety Fund - Budgetary Comparison Schedule C - 6 84 Storm Water Utilities Fund - Budgetary Comparison Schedule C - 7 85 Discretely Presented Component Units Balance Sheet – The Colony Economic Development Corporation F - 187 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position- The Colony Economic Development Corporation F - 2 88 Statement of Revenues, Expenditures and Changes in Fund Balances - The Colony Economic Development Corporation F - 3 89 Reconciliation of the Statements of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities - The Colony Economic Development Corporation F - 4 90 Balance Sheet - The Colony Community Development Corporation F - 5 91 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position - The Colony Community Development Corporation F - 6 92 Statement of Revenues, Expenditures and Changes in Fund Balances - The Colony Community Development Corporation F - 7 93 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities - The Colony Community Development Corporation F - 8 94 Balance Sheet - The Colony Local Development Corporation F - 9 95 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position - The Colony Local Development Corporation F - 1096 Statement of Revenues, Expenditures and Changes in Fund Balances - The Colony Local Development Corporation F - 11 97 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Blanaces of Governmental Funds to the Statement of Activities - The Colony Local Development Corporation F - 12 98 47 CITY OF THE COLONY, TEXAS ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021 TABLE OF CONTENTS Exhibit / Table Page STATISTICAL SECTION Net Position By Component 1 100 Changes in Net Position 2 102 Fund Balances, Governmental Funds 3 106 Changes in Fund Balances, Governmental Funds 4 108 Assessed Value and Estimated Actual Value of Taxable Property 5 110 Direct and Overlapping Property Tax Rates 6 111 Principal Tax Payers 7 112 Ad Valorem Tax Levies and Collections 8 114 Ratio of Outstanding Debt by Type 9 115 Ratio of General Bonded Debt Outstanding 10 116 Legal Debt Margin Information 11 117 Direct and Overlapping Governmental Activities Debt 12 118 Pledged-Revenue Coverage 13 119 Demographic and Economic Statistics 14 120 Principal Employers 15 121 Full-Time Equivalent City Government Employees by Function/Program 16 122 Operating Indicators by Function/Program 17 123 Capital Asset Statistics by Function/Program 18 125 48 49 INTRODUCTORY SECTION 50 51 i March 30, 2022 The Honorable Mayor and Members of the City Council City of The Colony, Texas The Finance Department of the City of The Colony is pleased to submit the Annual Comprehensive Financial Report of the City of The Colony, Texas, for the fiscal year ended September 30, 2021. This report is published to provide the City Council, Management Staff, our Citizens and other interested parties with detailed information concerning the financial condition and performance of the City Government. Responsibility for the accuracy and completeness of the presented data and the fairness of the presentation, including all disclosures, rests with the City of The Colony. Management assumes full responsibility for the completeness and reliability of the information contained in this report, based upon a comprehensive framework of internal controls established for this purpose. Because the cost of internal control should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements. THE REPORT The Financial Section includes the Management's Discussion and Analysis (MD&A) and basic financial statements. This section also includes the auditor’s report on the basic financial statements. The MD&A provides narrative introduction, overview, and analysis. This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The Statistical Section includes selected tables of comparative economic and financial data, generally presented on a multi-year basis, as well as demographic and other pertinent miscellaneous and operational statistics. The Financial Statements included in this report were prepared in accordance with accounting principles generally accepted in the United States of America for local governments as prescribed by the Governmental Accounting Standards Board (GASB), The National Council on Governmental Accounting (NCGA), and the American Institute of Certified Public Accountants (AICPA). The financial statements have been audited by the independent accounting firm of Certified Public Accountants, Weaver and Tidwell, L.L.P., whose report is included herein. 52 ii POPULATION The City's population has grown steadily since the early 2000's and is currently estimated at 55,000. Most recent residential growth is due to continued development at the Tribute (formerly known as Wynnwood Peninsula) and Austin Ranch just south of SH121. The City's 2020 Ad Valorem tax base increased from the prior year by a little over 8% or $449 million to $5.616 billion. Sales tax revenues in the General Fund increased by $2.3 million or 31% from the previous year due to more economic activity after the pandemic and mandated lockdowns. Sales tax represents approximately 16% of the City's General Fund total income. Water and sewer revenues in 2020-2021 increased by about $1.8 million dollars to $21 million due primarily to drier summer months resulting in more water usage. The prior year, 2019-2020, also had more usage from residence being at home under statewide lockdown mandates. Ad Valorem Tax Rate Ad Valorem tax rate was reduced from $.655 to $.6600 per $100 valuation for fiscal year 2020-21. Council's expectation is to continue to reduce the tax rate as additional revenues from growth and increased property valuations permit. Fund Balance - General Fund Reserves in the General Fund increased by a little over $3.7 million from the prior fiscal year to a little over $22.9 million or 223 operating days. Council's goal is 90 days. Fund Balance - Utility Fund Utility Fund reserves increased by about $16K during the fiscal year to just over $6.54 million or 112 operating days. Council's goal is 60 days. PROSPECT FOR THE FUTURE The Colony's prospects for the future are promising and very optimistic. Most recent economic drivers are: Completion of Sam Rayburn Tollway (formerly known as State Highway 121) in fiscal year 2019, provides easy access to the north entrance of the DFW International Airport. The Tollway also provides easy access to Dallas and George Bush Tollways and Interstate 75, making access to most of the Metroplex easy. With the pandemic coming to an end, the City is expecting more economic activity. The Nebraska Furniture Mart TIRZ was established November 2011 for a 433 acre $1.5 billion Grandscape development. The Nebraska Furniture Mart store, the anchor store of the development, opened in early March 2015. 53 iii In June 2020, Scheels opened the largest sporting goods store in the World offering 85 specialty shops. Numerous restaurants and a hotel have also located in the Zone. On the north side of SH121, in The Colony and across from Grandscape, Rooms To Go, Mattress Firm, and Floor and Décor have opened. Other new commercial development on the north side of SH121 in the City include Topgolf, numerous hotels, a medical office building, couple of shopping centers, and several restaurants and other businesses. Business activity has brought numerous jobs to the City. The Nebraska Furniture Mart store itself employs around 1,800 people. The widening of FM 423 (Main Street) to a 6 and 8 lane divided street was completed in late 2017 and has significantly increased redevelopment along this vital corridor. The Tribute, the only remaining sizeable residential development in the City, continues to increase the number of buildable lots. Housing permits have remained strong for the past couple of years and are expected to do so for the next several years. FINANCIAL MANAGEMENT The Colony continues to evaluate operating activity to help ensure services are provided as efficiently as possible. Service levels are reviewed in conjunction with revenues, expenses, and reserves to help ensure the best possible use is made of available resources. Long-term Financial Planning The budget process provides a road map for short‐term and long‐term needs and aids in the allocation of limited resources to prioritized services and needs. Each year a Capital Improvement Program is developed which helps gauge future funding priorities and is the foundation on which annual budgets are built. Revenues, expenses, and capital needs are projected for each of the five following years to identify service needs and financing available. Staff helps Council with the challenge of prioritizing and providing efficient and effective services to the community with current and future available funds. As a combined effort, the City Manager’s Office, Finance Director, and all departments monitor revenues and expenditures throughout the year. Appropriate actions are taken to control expenditures, and to make adjustments when revenues fall short of expectations. Relevant Financial Policies The City has strong financial management policies that provide the basis for the City’s financial operations. The City’s goal is to always maintain at 80 operating days in unassigned fund balance for the general fund, and 60 operating days in water and sewer unrestricted net positions. AWARDS The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of The Colony, Texas, for its annual comprehensive financial report for the fiscal year ended September 30, 2020. (This was the 30th consecutive year that The Colony has achieved this prestigious award.) In 54 iv order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current annual comprehensive financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. In addition, the government also received the GFOA' s Distinguished Budget Presentation Award for its annual budget document for the year beginning October 1, 2020. The City has received the award annually since the budget year beginning on October 1, 1993. In order to qualify for the Distinguished Budget Presentation Award, the government's budget document was judged to be proficient in several categories, including as a policy document, a financial plan, an operation guide, and a communications device. ACKNOWLEDGEMENTS The preparation of this report on a timely basis could not have been accomplished without the efficient and dedicated services of the entire staff of the Finance Department. We would also like to thank the Mayor and City Council for their interest and leadership in planning and conducting the financial operations of the City of The Colony in a responsible and progressive manner. Respectfully submitted, 55 v 56 vi CITY OF THE COLONY, TEXAS ORGANIZATIONAL CHART SEPTEMBER 30, 2021 57 vii CITY OF THE COLONY, TEXAS CITY STAFF SEPTEMBER 30, 2021 58 59 FINANCIAL SECTION 60 61 Weaver and Tidwell, L.L.P. 2300 North Field Street, Suite 1000 | Dallas, Texas 75201 Main: 972.490.1970 CPAs AND ADVISORS | WEAVER.COM 1 Independent Auditor’s Report To the Honorable Mayor, City Council, and City Manager City of the Colony, Texas Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, the discretely presented component units, each major fund, and the aggregate remaining fund information of the City of The Colony, Texas (the City), as of and for the year ended September 30, 2021, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 62 The Honorable Mayor, City Council, and City Manager City of the Colony, Texas 2 Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, the discretely presented component units, each major fund, and the aggregate remaining fund information of the City, as of September 30, 2021, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, TMRS pension and OPEB schedules, and the budgetary comparison information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The introductory section, combining and individual fund financial statements and schedules, and statistical section, are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund financial statements and schedules are fairly stated in all material respects in relation to the basic financial statements as a whole. 63 The Honorable Mayor, City Council, and City Manager City of the Colony, Texas 3 The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 30, 2022, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance. WEAVER AND TIDWELL, L.L.P. Dallas, Texas March 30, 2022 64 65 MANAGEMENT’S DISCUSSION AND ANALYSIS 66 67 CITY OF THE COLONY MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2021 4 The City of The Colony (the City) is providing this narrative overview and analysis of its financial activities for the fiscal year ended September 30, 2021. This Management’s Discussion and Analysis (MD&A) provides additional information that was not contained in the Letter of Transmittal. Readers are advised to read both to gain understanding of the financial picture of the City. This discussion and analysis includes prior year data for comparison purposes. Financial Highlights The City’s total assets and deferred outflows of resources exceeded the City’s total liabilities and deferred inflows of resources at the close of the fiscal year by $335,916,755. Of this amount $16,645,180 (unrestricted net position) may be used to meet the government’s ongoing obligations to citizens and creditors. The government’s total net position increased by $3,758,986 which was primarily due to developer contributions for both governmental and business-type activities and an increase of general fund operations. At the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $51,010,057, an increase of $5,695,551. The general fund reported an increase in fund balance of $3,712,008. The capital projects fund had an increase in fund balance of $1,114,147 primarily due to issuance of debt and contributions that exceeded capital outlay. Out of the $51,010,057 of fund balances in the governmental funds, $19,835,324 is available for spending at the government’s discretion (unassigned fund balance). At the end of the current fiscal year, unassigned fund balance for the general fund was $19,835,324 or 46.40% of total general fund expenditures. The City’s non-current liabilities decreased by $2,294,360 (.8%) during the current fiscal year which included a reduction in certificate of obligation and general obligation bonds outstanding of $1,745,000 and an increase in OPEB liability of $234,639. The City issued $7,587,000 of certificates of obligation bonds during 2021. Overview of the Financial Statements The MD&A serves as an introduction to the City’s basic financial statements. The City’s basic financial statements comprise three components: 1. Government-wide financial statements 2. Fund financial statements 3. Notes to the financial statements The report also contains other supplementary information in addition to the basic financial statements. 68 CITY OF THE COLONY MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2021 5 Government-wide Financial Statements The government-wide financial statements are designed to provide readers with a broad overview of the City’s finances, in a manner similar to a private-sector business. The statement of net position presents information on all of the City’s assets and deferred outflows of resources and liabilities and deferred inflows of resources, with the difference as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. The statement of activities presents information showing how the City’s net position changed during the most recent fiscal year. All changes in net position are reported as incurred regardless of when cash is received or paid. Thus, revenues and expenses are reported on accrual basis even though cash flows occur in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business- type activities). The governmental activities of the City include general government, public safety, streets, sanitation, and culture and recreation. The business-type activities of the City include water and sewerage operation. The government-wide financial statements include not only the City itself (known as the primary government), but also a legally separate economic development corporation, legally separate community development corporation, and a legally separate local development corporation, for which the City of The Colony is financially accountable. Financial information for these component units is reported separately from the financial information presented for the primary government itself. In the Statement of Net Position and the Statement of Activities, the City is divided into three kinds of activities: Governmental Activities – Most of the City’s basic services are reported as governmental activities, including the general government, public safety, municipal court, public works, culture and recreation, planning and zoning, public improvements, and code enforcement. Taxes and intergovernmental revenues principally support these services. Business-type Activities – Functions that are intended to recover all or a significant portion of their costs through user fees and charges are considered business-type activities. The business-type activities of the City include Water and Sewer Utility. Component Units – The City includes three separate legal entities, The Colony Economic Development Corporation, The Colony Community Development Corporation, and The Colony Local Development Corporation in its report. Although they are legally separate, they are included as component units because the City is accountable for them. Financial information for these component units is reported separately from the financial information presented for the primary government. 69 CITY OF THE COLONY MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2021 6 Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into two categories: 1. Governmental funds – Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains 20 individual governmental funds. Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund balances for the General Fund, the Debt Service Fund, and the Capital Projects Fund, all of which are considered to be major funds. Non-major governmental funds are aggregated in total. The City adopts annual appropriated budgets for its General Fund, Debt Service Fund, Lake Parks Fund, Special Events Fund, Hotel/Motel Taxes Fund, Child Safety Fund, and Storm Water Utility Fund. The budgetary comparison schedules have been provided for these funds to demonstrate compliance with the budgets. 2. Proprietary funds – Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its water and sewer operation. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The water and sewer utility fund is considered to be a major fund of the City. 70 CITY OF THE COLONY MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2021 7 Notes to the financial statements The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. Other information In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the City. This MD&A is part of the required supplementary information. Government-wide Financial Analysis As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. As of the close of the current fiscal year, the City’s net position totaled $335,916,755. The largest portion of the City’s net position (91%) reflects its investment in capital assets (e.g., land, buildings, machinery, and equipment); less any related debt used to acquire those assets that is still outstanding. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot generate revenues to liquidate these liabilities. An additional portion of the City’s net position (4%) represents resources that are subject to external restrictions on how they may be used (primarily for debt service and infrastructure improvements). The remaining balance of net position ($16,645,180) may be used to meet the government’s ongoing obligations to citizens and creditors. Net Position 2021 2020 2021 2020 2021 2020 Current and other assets 63,985,118$ 51,607,978$ 27,822,393$ 33,254,450$ 91,807,511$ 84,862,428$ Capital assets 247,733,677 247,063,688 154,277,982 152,990,170 402,011,659 400,053,858 Total assets 311,718,795 298,671,666 182,100,375 186,244,620 493,819,170 484,916,286 Deferred outflows of resources 4,368,028 4,121,829 1,213,970 1,289,387 5,581,998 5,411,216 Long-term liabilities outstanding 77,552,135 74,952,875 66,431,467 71,325,087 143,983,602 146,277,962 Other liabilities 12,892,698 6,365,621 3,795,973 2,497,182 16,688,671 8,862,803 Total liabilities 90,444,833 81,318,496 70,227,440 73,822,269 160,672,273 155,140,765 Deferred inflows of resources 2,446,440 2,635,685 365,700 393,283 2,812,140 3,028,968 Net position: Net investment in capital assets 200,374,394 198,340,131 105,104,226 105,088,143 305,478,620 303,428,274 Restricted 12,718,867 12,328,311 1,074,088 1,704,315 13,792,955 14,032,626 Unrestricted 10,102,289 8,170,872 6,542,891 6,525,997 16,645,180 14,696,869 Total net position 223,195,550$ 218,839,314$ 112,721,205$ 113,318,455$ 335,916,755$ 332,157,769$ Governmental Activities Business-type Activities Total At the end of the current fiscal year, the City has positive balances in all three categories of net position, for the government as a whole, as well as for its separate governmental and business-type activities. 71 CITY OF THE COLONY MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2021 8 The City’s net position increased by $3,758,986. Total assets increased by $8,902,884. Capital assets increased by $1,957,801, while current and other assets increased by $6,945,083. Change in Net Position 2021 2020 2021 2020 2021 2020 Revenues : Program revenues: Charges for services 7,783,482$ 6,381,544$ 22,386,290$ 20,656,614$ 30,169,772$ 27,038,158$ Operating grants and contributions 352,792 2,779,572 - - 352,792 2,779,572 Capital grants and contributions 6,233,192 5,086,196 3,836,581 2,283,690 10,069,773 7,369,886 General revenues: Property taxes 36,510,300 34,571,147 - - 36,510,300 34,571,147 Sales taxes 9,721,676 7,442,947 - - 9,721,676 7,442,947 Franchise taxes 2,517,283 2,765,433 - - 2,517,283 2,765,433 Other taxes 1,044,987 849,664 - - 1,044,987 849,664 Interest 123,312 429,498 20,069 247,099 143,381 676,597 Miscellaneous 1,715,059 1,236,307 - - 1,715,059 1,236,307 Total revenues 66,002,083 61,542,308 26,242,940 23,187,403 92,245,023 84,729,711 Expenses: General government 15,835,564 14,646,729 - - 15,835,564 14,646,729 Public safety 25,340,611 24,600,147 - - 25,340,611 24,600,147 Public works 10,425,482 8,179,035 - - 10,425,482 8,179,035 Culture and recreation 7,818,786 5,979,977 - - 7,818,786 5,979,977 Interest on long-term debt 1,825,404 1,717,586 - - 1,825,404 1,717,586 Water and sewer - - 27,240,190 23,452,375 27,240,190 23,452,375 Total expenses 61,245,847 55,123,474 27,240,190 23,452,375 88,486,037 78,575,849 Increase (decrease) in net position before transfers 4,756,236 6,418,834 (997,250) (264,972) 3,758,986 6,153,862 Transfers (400,000) 3,633 400,000 (3,633) - - Increase (decrease) in net position 4,356,236 6,422,467 (597,250) (268,605) 3,758,986 6,153,862 Beginning net position (October 1) 218,839,314 212,416,847 113,318,455 113,587,060 332,157,769 326,003,907 Ending net position (September 30) 223,195,550$ 218,839,314$ 112,721,205$ 113,318,455$ 335,916,755$ 332,157,769$ Governmental Activities Business-type Activities Total 72 CITY OF THE COLONY MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2021 9 Governmental Activities - Governmental activities increased the City’s net position by $4,356,236 compared to an increase of $6,422,467 in the prior year primarily due to a $1,939,153 increase in property tax revenue and a $2,278,729 increase in sales tax. $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 GENERAL GOVERNMENTPUBLIC SAFETYPUBLIC WORKSCULTURE AND RECREATIONEXPENSE AND PROGRAM REVENUE ‐ GOVERNMENTAL ACTIVITIES Expenses Program Revenue Business-type Activities - Business-type activities decreased the City’s net position by $597,250. The overall decrease in net position is primarily due to an operating loss of $2,653,909, as operating expenses increased by $3,740,319 while operating revenues increased by only $1,729,676. $25,600,000 $25,800,000 $26,000,000 $26,200,000 $26,400,000 $26,600,000 $26,800,000 $27,000,000 $27,200,000 $27,400,000 Water and sewer EXPENSE AND PROGRAM REVENUE ‐ BUSINESS TYPE ACTIVITIES Operating Expenses Program Revenue 73 CITY OF THE COLONY MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2021 10 85.3% 1.1% 12.3% 2.3% Revenue by Source ‐Business Type Activities Charges for services Investment Income Grants and contributions Development fees Financial Analysis of the Government’s Funds As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance- related legal requirements. Governmental funds. The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. At the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $51,010,057 an increase of $5,695,551 in comparison with the prior year. Approximately 38.89% of this total amount ($19,835,324) constitutes unassigned fund balance, which is available for spending at the City’s discretion. The remainder of fund balance is not available for new spending because it has already been committed, restricted, or is nonspendable for: 1. Capital projects ($20,344,096) including infrastructure projects to be funded with intergovernmental revenues, 2. Debt service ($3,442,104), 3. Development of the community ($1,072,965) including restrictions for the City’s PID No. 1, 4. Storm drainage maintenance projects ($953,418), 5. To encourage tourism in the City ($2,769,180), 6. Various purposes ($609,374) including court technology, support for police, and child safety, 7. Committed for maintenance and enhancement projects for parks ($1,277,449), 8. Nonspendable inventory and prepaid items ($706,075). 74 CITY OF THE COLONY MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2021 11 The General Fund is the chief operating fund of the City. At the end of the current fiscal year, unassigned fund balance of the General Fund was $19,835,324. As a measure of the General Fund’s liquidity, it may be useful to compare unassigned fund balance to total fund expenditures. Unassigned fund balance represents 46.40% of total general fund expenditures (excluding transfers to other funds). The fund balance of the City’s General Fund increased by $3,712,008 during the current fiscal year due to an excess of revenues over expenditures of $3,771,008; primarily due to a $2.3 million increase in sales tax taxes, the result of the strong economy, and a $1.7 million increase in property taxes, the result of increased assessed valuation of property. The Debt Service Fund has a total fund balance of $3,442,104, all of which is restricted for the payment of debt service. The increase in fund balance during the current year in the Debt Service Fund was $1,282,706, the result of the increased assessed valuation of property mentioned above. The City has a dedicated property tax for general debt service. The property tax produced debt service fund revenues of $8,915,448 in the current fiscal year while debt service payments for principal and interest on debt were $7,636,487. The Capital Projects Fund has a total fund balance of $20,344,312, with majority of fund balance as restricted for future expenditures of currently-approved capital items. The $1,114,147 increase in fund balance during the year was attributable to the net effect of the issuance of $7,587,000 of new bonds and capital outlay. Proprietary funds. The City’s proprietary funds provide the same type of information found in the governmental-wide financial statements, but in more detail. Operating revenues in the water and sewer fund totaled $22,386,290, an increase of $1,729,676 from the prior year due to an increase in water consumption. Operating expenses totaled $25,040,199, an increase of $3,740,319 due to increases in personnel, maintenance and contractual services costs. General Fund Budgetary Highlights During the year, there was a slight increase in appropriations of $200,099 between the original and final budget. Overall, revenues had a $5,466,508 positive variance primarily due to receiving more sales tax revenue due to the effects of more activity. There was a favorable variance of $2,544,185 between final budget and actual expenditures which was primarily due to cost savings experienced in several departments. Capital Asset and Debt Administration Capital assets. The City’s investment in capital assets for its governmental and business-type activities as of September 30, 2021, amounts to $402,011,659 (net of accumulated depreciation). This investment in capital assets includes land, buildings and system, water and sewer system infrastructure improvements, machinery and equipment, park facilities, and roads. The City’s overall investment in capital assets for the current fiscal year stayed consistent for governmental and business-type activities with depreciation expense of $15,466,584 being consistent with the capital asset additions. 75 CITY OF THE COLONY MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2021 12 Major capital asset events during the current fiscal year included the following: Developer contributions for the City’s infrastructure of $7.8 million Construction in progress additions for the City’s wastewater treatment and utility infrastructure of $4.0 million. Construction in progress additions of $2.7 million for development of streets The completion of the Phase VIII Street project that started in prior years. This was a $3.9 million addition to infrastructure from construction in progress. Capital Assets (Net of Depreciation) 2021 2020 2021 2020 2021 2020 Capital Assets Being Depreciated: Water systems -$ -$ 62,400,812$ 62,389,389$ 62,400,812$ 62,389,389$ Sanitary sewer systems - - 70,504,512 72,463,332 70,504,512 72,463,332 Drainage system - - 32,338 36,177 32,338 36,177 Buildings 26,403,845 27,637,973 137,822 145,165 26,541,667 27,783,138 Improvements other than buildings 11,139,379 11,707,101 - - 11,139,379 11,707,101 Aquatic Park 622,607 694,207 - - 622,607 694,207 Machinery and equipment 7,125,734 5,399,227 1,557,100 1,958,817 8,682,834 7,358,044 Infrastructure 165,141,746 161,687,209 7,641,799 8,015,862 172,783,545 169,703,071 210,433,311$ 207,125,717$ 142,274,383$ 145,008,742$ 352,707,694$ 352,134,459$ Capital Assets Not Being Depreciated: Land and land improvements 4,510,684$ 4,510,684$ 3,273,472$ 3,273,472$ 7,784,156$ 7,784,156$ Right-of-ways 25,571,036 25,571,036 - - 25,571,036 25,571,036 Construction in progress 7,218,646 9,856,251 8,730,127 4,707,956 15,948,773 14,564,207 37,300,366$ 39,937,971$ 12,003,599$ 7,981,428$ 49,303,965$ 47,919,399$ Governmental Activities Business-type Activities Totals Additional information on the City’s capital assets can be found in Note 4 on pages 45-47 to the basic financial statements. Outstanding Debt 2021 2020 2021 2020 2021 2020 General Obligation Bonds 12,823,723$ 15,406,504$ 14,046,277$ 17,128,496$ 26,870,000$ 32,535,000$ Certificates of Obligation 45,567,200 40,245,600 45,517,800 46,919,400 91,085,000 87,165,000 Capital Leases 698,539 1,227,459 - - 698,539 1,227,459 59,089,462$ 56,879,563$ 59,564,077$ 64,047,896$ 118,653,539$ 120,927,459$ Government Activities Business-type Activities Total 76 CITY OF THE COLONY MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2021 13 Long-term debt. At the end of the current fiscal year, the City had total bonded debt outstanding of $117,955,000. The entire amount represents debt backed by the full faith and credit of the City. The City also had capital leases payable of $698,539 at fiscal year-end. The City’s total long-term liabilities from bonded debt and capital leases decreased by $2,273,920 during the current fiscal year. The City made debt principal payments of $10,175,000 and issued debt for $8,430,000. Additional information on the City’s long-term debt can be found in Note 5 on pages 48-54 to the basic financial statements. The City’s general and revenue obligations maintain an AA+ rating, respectively, from Standard & Poor’s and an Aa3 rating respectively from Moody’s Investors Service. The high rating speaks well of the City’s proactive approach to economic development and financial management. The revenue supported debt in the Water and Sewer Fund is limited to the net revenues equal to at least 1.10 times the maximum annual principal and interest requirements and 1.25 times the average annual principal and interest requirements of all parity bonds to be outstanding. Economic Factors and Next Year’s Budgets and Rates Total current Ad Valorem Taxes budgeted for fiscal year 2021 are $34,774,425 which is a $59,425 decrease from the prior year. The increase is due to an increase in the City’s tax base of about $93 million, offset by a reduction in the tax rate from 66.00 to 65.50 cents per $100 dollars of valuation. Total sales tax is projected to remain strong due to continued economic growth from commercial construction. Requests for Information This financial report is designed to provide a general overview of the City’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Finance Director, The City of The Colony, 6800 Main Street, The Colony, Texas 75056. 77 BASIC FINANCIAL STATEMENTS 78 79 GOVERNMENT – WIDE FINANCIAL STATEMENTS 80 81 EXHIBIT 1 CITY OF THE COLONY, TEXAS STATEMENT OF NET POSITION SEPTEMBER 30, 2021 The Notes to Financial Statements are an integral part of this statement. 14 GOVERNMENTAL BUSINESS-TYPE COMPONENT ACTIVITIES ACTIVITIES TOTAL UNITS ASSETS Cash and cash equivalents 57,896,590$ 21,504,548$ 79,401,138$ 18,891,283$ Receivables (net of allowance for uncollectibles) 5,382,453 2,675,846 8,058,299 3,819,642 Inventories 150,963 38,398 189,361 - Prepaid expenses 555,112 7,496 562,608 3,713,796 Restricted: Cash and cash equivalents - 3,596,105 3,596,105 32,676,834 Capital assets: Non-depreciable 37,300,366 12,003,599 49,303,965 28,677,089 Depreciable (net of depreciation) 210,433,311 142,274,383 352,707,694 - TOTAL ASSETS 311,718,795 182,100,375 493,819,170 87,778,644 DEFERRED OUTFLOWS OF RESOURCES Deferred charge on refunding 212,012 515,569 727,581 387,300 Deferred outflows - OPEB 270,106 39,367 309,473 - Deferred outflows - pensions 3,885,910 659,034 4,544,944 - TOTAL DEFERRED OUTFLOWS OF RESOURCES 4,368,028 1,213,970 5,581,998 387,300 LIABILITIES Accounts payable and accrued liabilities 6,660,492 1,121,202 7,781,694 2,669,819 Accrued interest payable 298,411 - 298,411 5,411,307 Retainage payable 428,240 - 428,240 - Unearned revenue 5,505,555 - 5,505,555 - Payable from restricted assets: Accounts payable and accrued liabilities - 1,385,810 1,385,810 - Accrued interest payable - 324,808 324,808 - Customer meter deposits - 964,153 964,153 - Non-current liabilities: Due within one year 8,614,509 5,952,386 14,566,895 4,074,157 Due in more than one year 68,937,626 60,479,081 129,416,707 196,687,580 TOTAL LIABILITIES 90,444,833 70,227,440 160,672,273 208,842,863 DEFERRED INFLOWS OF RESOURCES Deferred inflows - OPEB 57,692 8,409 66,101 - Deferred inflows - pensions 2,388,748 357,291 2,746,039 - TOTAL DEFERRED INFLOWS OF RESOURCES 2,446,440 365,700 2,812,140 - NET POSITION Net investment in capital assets 200,374,394 105,104,226 305,478,620 (156,026,299) Restricted for: Debt service 3,183,352 - 3,183,352 - Government funded construction contracts 4,130,506 1,074,088 5,204,594 - Other 5,405,009 - 5,405,009 - Unrestricted 10,102,289 6,542,891 16,645,180 35,349,380 TOTAL NET POSITION 223,195,550$ 112,721,205$ 335,916,755$ (120,676,919)$ PRIMARY GOVERNMENT 82 CITY OF THE COLONY, TEXAS STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2021 The Notes to Financial Statements are an integral part of this statement. 15 Charges for Operating Grants Capital Grants Expenses Services and Contributions and Contributions Functions/Program Activities PRIMARY GOVERNMENT: Governmental Activities: General government 15,835,564$ 3,273,887$ 301,840$ 966,208$ Public safety 25,340,611 2,062,419 50,952 - Public works 10,425,482 1,558,430 - 5,254,894 Culture and recreation 7,818,786 888,746 - 12,090 Interest on long-term debt 1,825,404 - - - Total governmental activities 61,245,847 7,783,482 352,792 6,233,192 Business-type Activities: Water and sewer 27,240,190 22,386,290 - 3,836,581 Total business-type activities 27,240,190 22,386,290 - 3,836,581 TOTAL PRIMARY GOVERNMENT 88,486,037$ 30,169,772$ 352,792$ 10,069,773$ COMPONENT UNITS: The Colony Economic Development Corporation 4,102,524$ -$ -$ -$ The Colony Community Development Corporation 3,071,422 - - - The Colony Local Development Corporation 8,030,668 - 1,864,926 - TOTAL COMPONENT UNITS 15,204,614$ -$ 1,864,926$ -$ General Revenues and Transfers: Taxes: Property taxes, levied for general purposes Sales taxes Franchise taxes Hotel/motel taxes Penalties and interest Interest on investments Miscellaneous Transfers Total general revenues and transfers CHANGE IN NET POSITION NET POSITION, beginning of year NET POSITION, end of year Program Revenues 83 EXHIBIT 2 16 Governmental Business - Type Component Activities Activities Total Units (11,293,629)$ -$ (11,293,629)$ -$ (23,227,240) - (23,227,240) - (3,612,158) - (3,612,158) - (6,917,950) - (6,917,950) - (1,825,404) - (1,825,404) - (46,876,381) - (46,876,381) - - (1,017,319) (1,017,319) - - (1,017,319) (1,017,319) - (46,876,381)$ (1,017,319)$ (47,893,700)$ -$ -$ -$ -$ (4,102,524)$ - - - (3,071,422) - - - (6,165,742) -$ -$ -$ (13,339,688)$ 36,510,300$ -$ 36,510,300$ -$ 9,721,676 - 9,721,676 25,553,250 2,517,283 - 2,517,283 - 1,044,987 - 1,044,987 - 96,423 - 96,423 - 26,889 20,069 46,958 13,867 1,715,059 - 1,715,059 1,000 (400,000) 400,000 - - 51,232,617 420,069 51,652,686 25,568,117 4,356,236 (597,250) 3,758,986 12,228,429 218,839,314 113,318,455 332,157,769 (132,905,348) 223,195,550$ 112,721,205$ 335,916,755$ (120,676,919)$ Net (Expense) Revenue and Changes in Net Position Primary Government 84 85 GOVERNMENTAL FUNDS FINANCIAL STATEMENTS 86 EXHIBIT 3 CITY OF THE COLONY, TEXAS BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2021 The Notes to Financial Statements are an integral part of this statement. 17 OTHER TOTAL DEBT CAPITAL GOVERNMENTAL GOVERNMENTAL GENERAL SERVICE PROJECTS FUNDS FUNDS ASSETS Cash and cash equivalents 25,468,885$ 3,439,695$ 21,648,143$ 7,339,867$ 57,896,590$ Receivables, net of allowances for uncollectibles: Ad valorem taxes 331,072 42,068 - - 373,140 Service accounts receivable 191,525 - - - 191,525 Franchise taxes 496,276 - - - 496,276 Sales taxes 3,819,639 - - - 3,819,639 Other 326,162 - - 175,711 501,873 Prepaid 554,080 - 216 816 555,112 Inventory 150,963 - - - 150,963 TOTAL ASSETS 31,338,602$ 3,481,763$ 21,648,359$ 7,516,394$ 63,985,118$ LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES LIABILITIES Accounts payable and accrued liabilities 5,631,550$ -$ 875,807$ 153,135$ 6,660,492$ Retainage payable - - 428,240 - 428,240 Unearned revenue 2,440,350 - - 3,065,205 5,505,555 TOTAL LIABILITIES 8,071,900 - 1,304,047 3,218,340 12,594,287 DEFERRED INFLOWS OF RESOURCES Unavailable resources - property taxes 307,620 39,659 - - 347,279 Unavailable resources - other 33,495 - - - 33,495 TOTAL DEFERRED INFLOWS OF RESOURCES 341,115 39,659 - - 380,774 FUND BALANCES Nonspendable 705,043 - 216 816 706,075 Restricted: Capital projects - - 20,344,096 - 20,344,096 Debt service - 3,442,104 - - 3,442,104 Other 2,385,220 - - 3,019,789 5,405,009 Committed - - - 1,277,449 1,277,449 Unassigned 19,835,324 - - - 19,835,324 TOTAL FUND BALANCES 22,925,587 3,442,104 20,344,312 4,298,054 51,010,057 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES 31,338,602$ 3,481,763$ 21,648,359$ 7,516,394$ 63,985,118$ 87 EXHIBIT 4 CITY OF THE COLONY, TEXAS RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2021 The Notes to the Financial Statements are an integral part of this statement. 18 Total fund balances - governmental funds 51,010,057$ Amounts reported for governmental activities in the statement of net position are different because: Capital assets (net of accumulated depreciation) used in governmental activities are not current financial resources and, therefore, are not reported in the governmental funds balance sheet. 247,733,677 Interest payable on long-term debt does not require current financial resources, therefore, interest payable is not reported as a liability in the governmental funds balance sheet.(298,411) Revenues earned but not available within sixty days of the year end are not recognized as revenue on the fund financial statements. 380,774 Deferred outflows of resources of $3,885,910 related to the City's net pension liability increase net position in the government-wide financial statements, while deferred inflows ($2,388,748) reduce it. This amount is the net effect. 1,497,162 Deferred outflows of resources of $270,106 related to the City's total OPEB liability increase net position in the government-wide financial statements, while deferred inflows ($57,692) reduce it. This amount is the net effect. 212,414 Deferred charges on refunding of long-term debt are reported as deferred outflows of resources in the government-wide financial statements, but are not reported in the governmental funds.212,012 Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the fund financial statements. Long-term liabilities at year end consist of: Bonds payable (58,390,923) Net pension liability (9,400,684) Total OPEB liability (1,114,079) Capital leases payable (698,539) Premium on issuance of debt (4,695,639) Compensated absences (3,252,271) Net position of governmental activities 223,195,550$ 88 EXHIBIT 5 CITY OF THE COLONY, TEXAS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2021 The Notes to the Financial Statements are an integral part of this statement. 19 OTHER TOTAL DEBT CAPITAL GOVERNMENTAL GOVERNMENTAL GENERAL SERVICE PROJECTS FUNDS FUNDS REVENUES Ad valorem taxes, penalties and interest 27,632,087$ 8,915,448$ -$ 3,394$ 36,550,929$ Franchise taxes 2,517,283 - - - 2,517,283 Municipal sales tax 9,721,676 - - - 9,721,676 Licenses and permits 1,504,112 - - 1,755,170 3,259,282 Charges for services 1,967,559 - - 1,719,674 3,687,233 Fines and forfeitures 722,584 - - 113,719 836,303 Grants 301,552 - - 50,952 352,504 Gifts and contributions 942,148 - 13,148 287,608 1,242,904 Hotel / Motel taxes - - - 1,044,987 1,044,987 Investment income 22,213 3,745 108 823 26,889 Miscellaneous 1,191,785 - 292,338 230,936 1,715,059 Total revenues 46,522,999 8,919,193 305,594 5,207,263 60,955,049 EXPENDITURES Current General government 10,435,502 - - 1,168,409 11,603,911 Public safety 24,393,366 - - 111,077 24,504,443 Public works 3,542,199 - 2,659,475 41,440 6,243,114 Cultural and recreation 4,296,899 - - 2,738,634 7,035,533 Capital outlay 84,025 - 4,434,068 1,541,013 6,059,106 Debt service: Principal retirement - 5,377,101 - - 5,377,101 Interest and fiscal charges - 2,259,386 - - 2,259,386 Other debt service costs - - 147,333 - 147,333 Total expenditures 42,751,991 7,636,487 7,240,876 5,600,573 63,229,927 Excess (deficiency) of revenues over (under) expenditures 3,771,008 1,282,706 (6,935,282) (393,310) (2,274,878) OTHER FINANCING SOURCES (USES) Issuance of bonds - - 7,587,000 - 7,587,000 Premium on issuance of bonds - - 783,429 - 783,429 Transfers from other funds 116,000 - - 681,271 797,271 Transfers to other funds (175,000) - (321,000) (701,271) (1,197,271) Total other financing sources (uses)(59,000) - 8,049,429 (20,000) 7,970,429 NET CHANGE IN FUND BALANCES 3,712,008 1,282,706 1,114,147 (413,310) 5,695,551 FUND BALANCES, BEGINNING OF YEAR 19,213,579 2,159,398 19,230,165 4,711,364 45,314,506 FUND BALANCES, END OF YEAR 22,925,587$ 3,442,104$ 20,344,312$ 4,298,054$ 51,010,057$ 89 EXHIBIT 6 CITY OF THE COLONY, TEXAS RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2021 The Notes to Financial Statements are an integral part of this statement. 20 Net change in fund balances - total governmental funds 5,695,551$ Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount of capital assets additions recorded in the current period as capital outlay. 5,349,325 Governmental funds do not recognize assets contributed by developers. However, in the statement of activities the fair value of those assets are recognized as revenue, then allocated over their estimated useful lives and reported as depreciation expense.4,966,516 Depreciation expense on capital assets is reported in the statement of activities but does not require the use of current financial resources. Therefore, depreciation expense is not reported as expenditures in the governmental funds. (9,645,852) Current year changes in long term liability for compensated absences do not require the use of current financial resources; and, therefore, are not reported as expenditures in governmental funds. (48,244) Current year changes in accrued interest payable do not require the use of current financial resources; and, therefore, are not reported as expenditures in governmental funds. 73,994 The issuance of long-term debt (e.g. bonds) provides current fi nancial resources to governmental funds, while the repayment of the principal of long-term debt c onsumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of premiums, discounts, and similar items when debt is first issued, whereas the amounts are deferred and amortized in the statement of activities. This amount is the net effect of these differences in the treatment of long-term debt and related items. o Bond principal and capital lease payments 5,377,101 o Bond issuance (7,587,000) o Premium from bond issuance (783,429) o Amortization of deferred refunding amount (43,984) o Amortization of bond premium 551,305 Certain expenditures related to the net pension liability are r equired to be de-expended and recorded as deferred inflows and outflows of resources. This amount is the net effec t of current year pension expense of $2,819,062 and contributions to the pension plan of $3,290,683.471,621 Certain expenditures related to the total OPEB liability are required to be de-expended and recorded as deferred inflows and outflows of resources. This amount is the net effec t of current year OPEB expense of $115,035, and contributions to the OPEB plan of $13,849.(101,186) Certain revenues in the government-wide statement of activities that do not provide current financial resources are not reported as revenue in the governmental funds. This amount is the net change in these revenues for the year. 80,518 Change in Net Position of Governmental activities 4,356,236$ 90 91 PROPRIETARY FUNDS FINANCIAL STATEMENTS 92 CITY OF THE COLONY, TEXAS STATEMENT OF NET POSITION PROPRIETARY FUNDS SEPTEMBER 30, 2021 The Notes to the Financial Statements are an integral part of this statement. 21 BUSINESS TYPE ACTIVITIES WATER AND SEWER ENTERPRISE FUND ASSETS CURRENT ASSETS Cash and cash equivalents 21,504,548$ Receivables, net of allowance for uncollectibles: Accounts 2,662,245 Other 13,601 Inventories 38,398 Prepaid expenses 7,496 Restricted cash and cash equivalents 3,596,105 Total current assets 27,822,393 NONCURRENT ASSETS CAPITAL ASSETS Land 3,273,472 Water system and sanitary sewer system 188,454,062 Drainage system 1,684,364 Buildings 724,161 Machinery and equipment 4,747,032 Infrastructure 16,947,047 Construction in progress 8,730,127 Total capital assets 224,560,265 Less: accumulated depreciation (70,282,283) Capital assets, net of accumulated depreciation 154,277,982 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows - pensions 659,034 Deferred outflows - OPEB 39,367 Deferred charge on refunding 515,569 Total deferred outflows of resources 1,213,970 TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES 183,314,345$ 93 EXHIBIT 7 22 BUSINESS TYPE ACTIVITIES WATER AND SEWER ENTERPRISE FUND LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND NET POSITION CURRENT LIABILITIES Accounts payable and accrued liabilities 1,121,202$ Accrued compensated absences due within one year 372,291 Payable from restricted assets: Accounts payable and accrued expenses 1,385,810 Revenue bonds payable 5,580,095 Accrued interest payable 324,808 Customer meter deposits 964,153 Total current liabilities 9,748,359 NON-CURRENT LIABILITIES Revenue bonds payable 58,850,894 Accrued compensated absences not due within one year 5,610 Total OPEB liability 162,376 Net pension liability 1,460,201 Total non-current liabilities 60,479,081 TOTAL LIABILITIES 70,227,440 DEFERRED INFLOWS OF RESOURCES Unavailable resources - OPEB 8,409 Unavailable resources - pensions 357,291 Total deferred inflows of resources 365,700 NET POSITION Net Investment in capital assets 105,104,226 Restricted for: Construction 1,074,088 Unrestricted 6,542,891 TOTAL NET POSITION 112,721,205 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND NET POSITION 183,314,345$ 94 EXHIBIT 8 CITY OF THE COLONY, TEXAS STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2021 The Notes to the Financial Statements are an integral part of this statement. 23 BUSINESS TYPE ACTIVITIES WATER AND SEWER ENTERPRISE FUND OPERATING REVENUES Charges for sales and services: Water service 13,237,882$ Wastewater treatment service 7,774,921 Other fees and penalties 1,140,932 Service charges 75,838 Miscellaneous 156,717 Total operating revenues 22,386,290 OPERATING EXPENSES Personnel services 4,890,497 Contractual services 1,793,416 Supplies 522,183 Maintenance 4,106,680 Water purchases 2,753,060 Overhead 5,153,631 Depreciation 5,820,732 Total operating expenses 25,040,199 OPERATING LOSS (2,653,909) NON-OPERATING REVENUES (EXPENSES) Investment income 20,069 Interest and fiscal charges (2,199,991) Total non-operating revenues (expenses)(2,179,922) LOSS BEFORE CAPITAL CONTRIBUTIONS AND TRANSFERS (4,833,831) CAPITAL CONTRIBUTIONS AND TRANSFERS Capital contributions 3,235,536 Development fees 601,045 Transfers from other funds 400,000 Total capital contributions and transfers 4,236,581 CHANGE IN NET POSITION (597,250) NET POSITION, BEGINNING OF YEAR 113,318,455 NET POSITION, END OF YEAR 112,721,205$ 95 96 EXHIBIT 9 CITY OF THE COLONY, TEXAS STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2021 The Notes to the Financial Statements are an integral part of this statement. 24 BUSINESS TYPE ACTIVITIES WATER AND SEWER ENTERPRISE FUND CASH FLOWS FROM OPERATING ACTIVITIES Cash received from customers 21,997,166$ Cash paid to employees for services (4,925,167) Cash paid for goods and services (13,016,321) Net cash provided by operating activities 4,055,678 CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES Transfers from other funds 400,000 Net cash provided by non-capital financing activities 400,000 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Principal paid on revenue bond maturities (5,326,819) Cost of bond issuance (3,377) Proceeds from issuance of bonds 843,000 Premium on issuance of bonds 87,048 Grants and contributions 305,712 Interest and fiscal charges (2,597,247) Acquisition of capital assets (4,178,720) Development fees 601,045 Net cash used in capital and related financial activities (10,269,358) CASH FLOWS FROM INVESTING ACTIVITIES Investment income 20,069 Net cash provided by investing activities 20,069 NET DECREASE IN CASH AND CASH EQUIVALENTS (5,793,611) CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 30,894,264 CASH AND CASH EQUIVALENTS, END OF YEAR 25,100,653$ 97 EXHIBIT 9 CONT’D CITY OF THE COLONY, TEXAS STATEMENT OF CASH FLOWS – CONTINUED PROPRIETARY FUNDS FOR THE YEAR ENDED SEPTEMBER 30, 2021 The Notes to the Financial Statements are an integral part of this statement. 25 BUSINESS TYPE ACTIVITIES WATER AND SEWER ENTERPRISE FUND RECONCILIATION OF OPERATING LOSS TO NET CASH PROVIDED BY OPERATING ACTIVITIES Operating loss (2,653,909)$ Adjustments to reconcile operating loss to net cash provided by operating activities: Depreciation 5,820,732 Pension expense 803,324 Contribution to net pension liability (872,063) OPEB expense 14,747 Provision for bad debts (11,158) Change in assets and liabilities: Increase in accounts receivable (341,767) Increase in inventories (8,629) Increase in accounts payable and accrued liabilities 1,334,990 Increase in compensated absences 5,610 Decrease in customer deposits (36,199) Total adjustments 6,709,587 Net cash provided by operating activities 4,055,678$ NON-CASH FINANCING ACTIVITIES: Contributions of capital assets 2,929,824$ 98 99 COMPONENT UNITS FINANCIAL STATEMENTS 100 101 EXHIBIT 10 CITY OF THE COLONY, TEXAS STATEMENT OF NET POSITION DISCRETELY PRESENTED COMPONENT UNITS SEPTEMBER 30, 2021 The Notes to the Financial Statements are an integral part of this statement. 26 THE COLONY THE COLONY THE COLONY ECONOMIC COMMUNITY LOCAL DEVELOPMENT DEVELOPMENT DEVELOPMENT CORPORATION CORPORATION CORPORATION TOTALS ASSETS Cash and cash equivalents 12,822,889$ 6,068,394$ -$ 18,891,283$ Sales tax receivable 1,909,821 1,909,821 - 3,819,642 Prepaids - 189 3,713,607 3,713,796 Restricted assets Cash and cash equivalents 8,106,470 8,109,721 16,460,643 32,676,834 Capital assets Land 6,355,178 - 22,321,911 28,677,089 TOTAL ASSETS 29,194,358$ 16,088,125$ 42,496,161$ 87,778,644$ DEFERRED OUTFLOWS OF RESOURCES Deferred charge on refunding -$ -$ 387,300$ 387,300$ TOTAL DEFERRED OUTFLOWS OF RESOURCES - - 387,300 387,300 LIABILITIES AND NET POSITION Accounts payable 1,331,883 1,327,936 10,000 2,669,819 Accrued interest payable 1,046,308 1,021,413 3,343,586 5,411,307 Non-current liabilities: Due within one year 884,157 370,000 2,820,000 4,074,157 Due in more than one year 31,621,401 26,489,983 138,576,196 196,687,580 TOTAL LIABILITIES 34,883,749$ 29,209,332$ 144,749,782$ 208,842,863$ NET POSITION (DEFICIT) Net investment in capital assets (24,316,945)$ -$ (131,709,354)$ (156,026,299)$ Unrestricted 18,627,554 (13,121,207) 29,843,033 35,349,380 TOTAL NET POSITION (DEFICIT)(5,689,391)$ (13,121,207)$ (101,866,321)$ (120,676,919)$ 102 CITY OF THE COLONY, TEXAS STATEMENT OF ACTIVITIES DISCRETELY PRESENTED COMPONENT UNITS FOR THE YEAR ENDED SEPTEMBER 30, 2021 The Notes to the Financial Statements are an integral part of this statement. 27 Charges for Operating Grants Capital Grants Expenses Services and Contributions and Contributions COMPONENT UNITS: The Colony Economic Development Corporation 4,102,524$ -$ -$ -$ The Colony Community Development Corporation 3,071,422 - - - The Colony Local Development Corporation 8,030,668 - 1,864,926 - TOTAL COMPONENT UNITS 15,204,614$ -$ 1,864,926$ -$ General revenues: Taxes: Sales taxes Interest on investments Miscellaneous Total general revenue CHANGE IN NET DEFICIT NET DEFICIT, Beginning of Year NET DEFICIT, End of Year Program Revenues 103 EXHIBIT 11 28 The Colony The Colony The Colony Econ. Dev. Comm. Dev. Local Dev. Corporation Corporation Corporation TOTAL (4,102,524)$ -$ -$ (4,102,524)$ - (3,071,422) - (3,071,422) - - (6,165,742) (6,165,742) (4,102,524)$ (3,071,422)$ (6,165,742)$ (13,339,688)$ 8,669,463$ 8,669,463$ 8,214,324$ 25,553,250$ 7,179 5,399 1,289 13,867 - 1,000 - 1,000 8,676,642 8,675,862 8,215,613 25,568,117 4,574,118 5,604,440 2,049,871 12,228,429 (10,263,509) (18,725,647) (103,916,192) (132,905,348) (5,689,391)$ (13,121,207)$ (101,866,321)$ (120,676,919)$ Net (Expense) Revenue and Changes in Net Position COMPONENT UNITS 104 105 NOTES TO BASIC FINANCIAL STATEMENTS 106 107 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 29 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES General Statement The City of The Colony (the City), originally incorporated in 1977, is a municipal corporation incorporated under Article XI of the Constitution of the State of Texas (Home Rule Amendment). The City operates under a Council-Manager form of government and provides such services as are authorized by its charter to advance the welfare, health, comfort, safety and convenience of the City and its inhabitants. The accounting and reporting policies of the City conform to accounting principles generally accepted in the United States of America (GAAP) applicable to state and local governments. The Governmental Accounting Standards Board (GASB) is the accepted standards setting body for establishing governmental accounting and financial reporting principles. Management uses estimates and assumptions in preparing financial statements in accordance with GAAP. Those estimates and assumptions affect the reported amount of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues, expenditures and expenses. Actual results could vary from the estimates that are used. The significant accounting policies of the City are described below. Financial Reporting Entity The City is governed by an elected mayor and a six-member council and has the authority to make decisions, appoint administrators and managers, and significantly influence operations. It also has the primary accountability for fiscal matters. The accompanying financial statements present the government and its component units, entities for which the government is considered to be financially accountable. Each discretely presented component unit is reported in a separate column in the government-wide financial statements to emphasize that it is legally separate from the government. The financial information of the following component units have been “discretely presented” in the accompanying report because (i) their governing boards are not substantially the same as the governing body of the City, or (ii) the component unit provides services entirely or almost entirely to the citizenry and not the City: The Colony Economic Development Corporation (TCEDC) - Organized exclusively for the public purposes of the promotion and development of new and expanded business enterprises to provide and encourage employment in the furtherance of public welfare. The Colony Community Development Corporation (TCCDC) - Responsible for promoting economic development within the City and the State of Texas in order to eliminate unemployment and underemployment, and to promote and encourage employment and the public welfare of, for, and on behalf of the City by developing, implementing, providing and financing projects under the Development Corporation Act of 1979. This includes the construction, renovation and operation of municipal buildings, the acquisition and improvement of parks as well as the promotion and expansion of manufacturing and industrial facilities, and other economic development purposes. 108 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 30 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED Financial Reporting Entity – Continued The Colony Local Development Corporation (TCLDC) – Established as the primary governing body for funding Tax Increment Reinvestment Zone (TIRZ) Number One public infrastructure. Surrounding these activities are performance agreements between the TCLDC and the developer, NMF Services, which commenced November 2011 and will terminate on the 75th anniversary of the date in which the City collects its first sales tax dollar from the respective facility. A majority of the members of the TCEDC’s, TCCDC’s, and TCLDC’s Boards of Directors are appointed by the City Council. The TCEDC, TCCDC, and TCLDC are each fiscally dependent upon the City as the City Council approves their budgets and must approve any debt issuance. However, the component units do not qualify for blending because the component units’ services directly benefit the community rather than the City itself. The TCEDC and TCCDC do not issue separate financial statements and TCLDC does issue separate financial statements which are available through the City’s Finance Department. TCEDC, TCCDC, and TCLDC are presented as governmental fund types within these financial statements. Basis of Presentation The government-wide financial statements (the statement of net position and the statement of activities) report information on all of the activities of the City. The effect of interfund activity, within the governmental and business-type activities columns, has been removed from these statements. Interfund services provided and used are not eliminated in the process of consolidation for the governmental-wide statement of activities. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for service. The statement of activities demonstrates the degree to which the direct expenses of a given program are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific program. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given program and 2) operating or capital grants and contributions that are restricted to meeting the operational or capital requirements of a particular program. Taxes and other items not properly included among program revenues are reported instead as general revenues. 109 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 31 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED Fund Financial Statements: The City segregates transactions related to certain functions or activities in separate funds in order to aid financial management and to demonstrate legal compliance. Separate statements are presented for governmental funds and proprietary funds. These statements present each major fund as a separate column in the fund financial statements; all non-major funds are aggregated and presented in a single column. Governmental funds are those funds through which most governmental functions typically are financed. The measurement focus of governmental funds is on the sources, uses and balances of current financial resources. The City has presented the following major governmental funds: General Fund – The General Fund is the general operating fund of the City. It is used to account for all financial resources not accounted for in other funds. All general tax revenues and other receipts that are not restricted by law or contractual agreement to some other fund are accounted for in this fund. General operating expenditures, fixed charges and capital improvement costs that are not paid through other funds are paid from the General Fund. Debt Service Fund – The Debt Service Fund is used to account for the accumulation of financial resources for the payment of principal, interest and related costs on long-term debt paid primarily from taxes levied by the City. The fund balance of the Debt Service Fund is restricted to signify the amounts that are exclusively for debt service expenditures. Capital Projects Fund – The Capital Projects Fund is used to account for the acquisition and construction of capital assets financed primarily through the issuance of general obligation debt. The City also reports the following non-major governmental funds: All of the following funds are Special Revenue Funds. Special Revenue Funds account for the proceeds of specific revenue sources (other than expendable trust or capital projects) that are legally restricted or committed to expenditures for specific purposes. Lake Parks Fund – To account for revenue generated by fees and permits to enter and utilize the park area and facilities located on the eastern shore of Lake Lewisville. 110 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 32 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED Fund Financial Statements – Continued Special Events Fund – To account for various special events of the City including Christmas decorations, 4th of July fireworks display and other special events held by the City. Hotel/Motel Taxes Fund – To account for the receipt and allocation of the City’s hotel/motel occupancy tax. Police Forfeited Fund – To account for the funds granted to the police department that have been awarded by the court. Federal Seized Fund – To account for funds granted to the police department in a revenue sharing agreement with the federal government. Police Seized Fund – To account for funds seized by the police department that are awaiting disposition by the court. Child Safety Fund – To account for child safety fees collected according to state statute to fund the school crossing guard program and for other programs designed to enhance child safety, health or nutrition. Storm Water Utility Fund – To account for the revenue and expenses associated with drainage projects within the City. Court Security Fund – To account for the revenue and expenditures associated with the portion of traffic tickets that have been restricted for the security of the Municipal Court. Court Technology Fund – To account for the revenue and expenditures associated with the portion of traffic tickets restricted for upgrading the technology in the Municipal Court. Keep The Colony Beautiful – To account for revenue and expenditures associated with the City-supported community volunteer program designed to help property owners who can’t maintain their properties due to financial or physical limitations. Citizens Donations Fund – To account for money received from the $1 Add-On Program and the Recycling Rebate Program. This money is restricted for social and community services, public safety citizen programs and beautification projects. Public Improvement District (PID) No. 1 – To account for revenues and expenditures related to the City of The Colony Public Improvement District No.1. 111 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 33 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED Fund Financial Statements – Continued Trinity North Medical – To account for revenues and expenditures related to the City of The Colony renting out space in their building. Pandemic Response – To account for revenues and expenditures related to the City of The Colony emergency response to COVID 19 from grant and contribution funding. Juvenile Case – To account for revenues and expenditures related to the City of The Colony’s juvenile court. Proprietary Funds are accounted for using the economic resources measurement focus and the accrual basis of accounting. The accounting objectives are determinations of net income, financial position and cash flow. All assets and liabilities are included in the Statement of Net Position. The City has presented the following major proprietary fund: Water and Sewer Enterprise Fund Water and Sewer Enterprise Fund is used to account for the acquisition, operation and maintenance of a municipal water and sewer utility, supported primarily by user charges to the public. Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. Operating expenses for the proprietary funds include the cost of personnel and contractual services, supplies, maintenance and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. Measurement Focus and Basis of Accounting Measurement focus refers to what is being measured; basis of accounting refers to when revenues and expenditures are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurement made, regardless of the measurement focus applied. The government-wide statements and fund financial statements for proprietary funds are reported using the economic resources measurement focus and the accrual basis of accounting. The economic resources measurement focus means all assets, liabilities (whether current or non-current), and deferred inflows and outflows of resources are included in the statement of net assets and the operating statements present increases (revenues) and decreases (expenses) in net total position. Under the accrual basis of accounting, revenues are recognized when earned, including unbilled water and sewer services which are accrued. Expenses are recognized at the time the liability is incurred. 112 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 34 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED Measurement Focus and Basis of Accounting – Continued Governmental fund financial statements are reported using the current financial resources measurement focus and are accounted for using the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recognized when susceptible to accrual; i.e., when they become both measurable and available. “Measurable” means the amount of the transaction can be determined and “available” means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. The City considers all revenues as available if they are collected within 60 days after year end. Expenditures are recorded when the related fund liability is incurred, except for non-matured interest on long-term debt which is recognized when due, and certain compensated absences and claims and judgments which are recognized when the obligations are expected to be liquidated with expendable available financial resources. Property taxes, sales taxes, franchise taxes and interest are susceptible to accrual. Other receipts become measurable and available when cash is received by the City and are recognized as revenue at that time. Cash and Cash Equivalents State statutes and policy as established by the City Council authorize the City to invest in certificates of deposit, direct obligations of the U.S. Treasury, investment pools consisting of such U.S. Treasury obligations, repurchase agreements, commercial paper and mutual funds. Substantially all operating cash and cash equivalents are maintained in pooled cash and time deposit accounts. Interest income relating to pooled deposits is allocated to the individual funds based on each fund’s pro rata share of total pooled deposits. Restricted cash and investments is classified separately in the balance sheet of governmental funds and statement of net position for proprietary funds and represents cash and cash equivalents restricted for specific infrastructure projects (governmental funds) or the payment of long-term debt and for the acquisition of capital assets (proprietary funds). For purposes of the statement of cash flows, the proprietary funds consider all highly liquid investments (including restricted assets) with an original maturity of three months or less when purchased to be cash equivalents, as they are available for withdrawal on demand. Investments are accounted for in accordance with GASB No. 31 – Accounting and Financial Reporting for Certain Investments and for External Investment Pools. Investments are recorded at amortized cost when original maturity at the time of purchase is less than one year or at market if greater than one year. Property Taxes The City’s ad valorem property tax is levied each October 1 on the assessed value listed as of the prior January 1 for all real and certain personal property located within the City. Property taxes attach as an enforceable lien on property as of January 1 after they are levied. The assessed value upon which the fiscal year 2021 levy was based was $5,616,203,936. Taxes are due on October 1 and are delinquent after the following January 31. Current tax collections for the year ended September 30, 2021 were 99.57% of the tax levy. 113 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 35 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED Property Taxes – Continued The City is permitted by Article XI, Section 5 of the State of Texas Constitution to levy taxes up to $2.50 per $100 of assessed valuation for general governmental services, including the payment of principal and interest on general obligation long-term debt. The combined tax rate to finance general governmental services including the payment of principal and interest on long- term debt for the year ended September 30, 2021 was $0.6550 per $100 of assessed valuation. The ordinance levying the ad valorem taxes specifies the percentage of the taxes applicable to the General Fund, and Debt Service Fund therefore, ad valorem tax revenues are recorded as revenues in the respective funds. In Texas, countywide central appraisal districts are required to assess all property within the appraisal district on the basis of 100% of its appraised value and are prohibited from applying any assessment ratios. The value of property within the appraisal district must be reviewed every five years; however, the City may, at its own expense, require annual reviews of appraised values. The City may challenge appraised values established by the appraisal district through various appeals and, if necessary, legal action. Under this legislation, the City continues to set tax rates on City property. However, if the revenues from the effective tax rate times the appraised values, excluding tax rates for bonds and other contractual obligations, adjusted for new improvements, exceeds the property tax revenues from previous year by more than 3%, City must have an election to approve effective interest rates. Budgets The City adopts annual appropriated budgets for its General Fund, Debt Service Fund, Lake Parks Fund, Special Events Fund, Hotel/Motel Taxes Fund, Child Safety Fund, and Storm Water Utility Fund. The budgetary comparison schedules have been provided for these funds to demonstrate compliance with the budgets. For the year ended September 30, 2021, expenditures exceeded appropriations as follows: Hotel/Motel o Culture and recreation ($801,869) o Capital outlay ($5,697) 114 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 36 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED Internal Balances Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as “internal balances.” Transactions between Funds and Component Units Interfund services are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund, are recorded as expenditures/ expenses in the reimbursing fund and as a reduction of expenditures/expenses in the fund reimbursed. All other interfund transactions, except interfund services and reimbursements, are recorded as transfers. Transactions between the component units and the primary government are accounted for as external transactions. During the year ended September 30, 2021, the TCCDC contributed $496,936 to the general fund. Additionally, the TCEDC contributed $305,714 to the Water and Sewer Enterprise Fund and $445,212 to the General Fund. Inventories Inventories, which are expended when consumed, are stated at cost on a first-in, first-out basis. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure assets, are reported in the applicable governmental or business-type activities columns in the government-wide financial statements and in the fund financial statements for proprietary funds. All capital assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated assets are valued at acquisition value on the date donated. The costs of normal repairs and maintenance that do not add to the value of the asset or materially extend the asset lives are not capitalized. Renewals and betterments are capitalized. 115 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 37 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED Capital Assets - Continued Assets capitalized, not including infrastructure assets, have an original cost of $5,000 or more and over one year of useful life. Depreciation has been calculated on each class of depreciable property using the straight-line method. Estimated useful lives are as follows: Buildings 30 Years Towers, tanks, and pump stations 40 Years Infrastructure 40 Years Machinery and equipment 5 - 10 Years Vehicles 5 Year Vacation and Sick Leave (Compensated Absences) In the event of termination, an employee is reimbursed for up to his/her accrued available vacation days. An employee may accumulate up to 130 days of sick leave; however, upon termination, qualified employees may be reimbursed for up to a maximum of 30 sick days. All vacation and qualifying sick leave is accrued when incurred in the government-wide and proprietary fund financial statements. A liability for these amounts is reported in governmental funds only if they have matured. Pensions and Other Postemployment Benefits (OPEB) For purposes of measuring the net pension liability, pension related deferred outflows and inflows of resources and pension expense, City-specific information about its Fiduciary Net Position in the Texas Municipal Retirement System (TMRS) and additions to/deductions from the City’s Fiduciary Net Position have been determined on the same basis as they are reported by TMRS. For this purpose, plan contributions are recognized in the period that compensation is reported for the employee, which is when contributions are legally due. Benefit payments and refunds are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. Information regarding the City’s Total Pension Liability and Total OPEB Liability is obtained from TMRS through reports prepared for the City by TMRS consulting actuary, Gabriel Roeder Smith & Company, in compliance with Governmental Accounting Standards Board (GASB) Statement No. 68, Accounting and Financial Reporting for Pensions and GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. Deferred Outflows/Inflows of Resources In addition to assets and liabilities, the statement of financial position and/or balance sheet will sometimes report separate sections for deferred outflows and deferred inflows of resources. Deferred outflows of resources represent a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The City has the following items that qualify for reporting as deferred outflows: Deferred Loss on Refunding – these deferred outflows result from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. 116 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 38 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED Deferred Outflows/Inflows of Resources – Continued Pensions/ OPEB – these deferred outflows result from pension/OPEB contributions after the measurement date (deferred and recognized as a reduction of the pension/OPEB liability in the following fiscal year), and differences between expected and actual economic experience and/or changes in actuarial assumptions (deferred and recognized over the remaining average service lives of the plan participants). Deferred inflows of resources represent the acquisition of net position/fund balance that applies to a future period(s). The City’s governmental funds report unavailable tax revenues and revenues for charges for services at the fund level that will not be recognized as resources (revenue) until future periods. Deferred inflows for both pension and OPEB liabilities include differences between projected and actual investment earnings (deferred and recognized over a closed five-year period). Deferred inflows for pension and OPEB liabilities also include differences between expected and actual economic experience and/or changes in actuarial assumptions (deferred and recognized over the remaining average service lives of the plan participants). Classification of Fund Equity Fund balances are classified as nonspendable, restricted, committed, assigned or unassigned in governmental funds. Nonspendable fund balance cannot be spent, either because it is not in spendable form or because of legal or contractual requirements. Restricted fund balances have constraints for specific purposes which are externally imposed by providers, such as creditors, grantors or other governments; or by enabling legislation of the City Council. Committed fund balances can only be used for specific purposes pursuant to constraints imposed by ordinance of the City Council, the City’s highest level of decision making authority. These amounts cannot be used for any other purpose unless the City Council removes or changes the specified use by taking the same type of action that was employed when funds were initially committed. This classification also includes contractual obligations to the extent that existing resources have been specifically committed for use in satisfying those contractual requirements. Assigned fund balances are constrained by intent to be used for specific purposes, but are neither restricted nor committed. Assignments are made by City management based on City Council direction. Unassigned fund balances include residual positive fund balances within the General Fund that had not been classified within the other mentioned categories. Unassigned fund balances may also include negative balances for any governmental fund if expenditures exceed amounts restricted, committed or assigned for those specific purposes. The City designates restricted amounts to be spent first if both restricted and unassigned fund balances are available unless there are legal documents/contracts that prohibit doing this, such as in grant agreements requiring dollar for dollar spending. Additionally, the City would first use committed, followed by assigned, and lastly unassigned amounts when expenditures are incurred for purpose for which amounts in any of those unrestricted fund balance classifications could be used. The proprietary funds and government-wide financial statements have three classifications of equity: (1) net investment in capital assets; (2) restricted net position and (3) unrestricted net position. In the first category, capital assets are netted with related bonded and capital lease debt. Restricted net position includes debt service, grantor and other government restrictions for proprietary funds and the same categories as restricted fund balance for governmental activities. 117 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 39 NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses/expenditures during the reporting period. Actual results could differ from those estimates. NOTE 2. CASH AND INVESTMENTS The funds of the City must be deposited and invested per the Public Funds Investment Act. The depository bank places approved pledged securities for safekeeping and trust with the City's agent bank in an amount sufficient to protect City funds on a day-to-day basis during the period of the contract. The pledge of approved securities is waived only to the extent of the depository bank's dollar amount of Federal Deposit Insurance Corporation (FDIC) insurance. At September 30, 2021 the carrying amount of the City's deposits was $3,664,186 and the bank balance was $4,096,457. All of the bank balances were fully covered by FDIC insurance or by pledged collateral held by the City's agent bank in the City's name. The City had petty cash totaling $5,434 at September 30, 2021. Legal and Contractual Provisions Governing Deposits and Investments The Public Funds Investment Act (Government Code Chapter 2256) contains specific provisions in the areas of investment practices, management reports and establishment of appropriate policies. Among other things, it requires the City to adopt, implement, and publicize an investment policy. That policy must address the following areas: (1) safety of principal and liquidity, (2) portfolio diversification, (3) allowable investments, (4) acceptable risk levels, (5) expected rates of return, (6) maximum allowable stated maturity of portfolio investments, (7) maximum average dollar-weighted maturity, allowed based on the stated maturity date for the portfolio, (8) investment staff quality and capabilities, (9) and bid solicitation preferences for certificates of deposit. 118 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 40 NOTE 2. CASH AND INVESTMENTS – CONTINUED Legal and Contractual Provisions Governing Deposits and Investments – Continued Statutes and the City’s investment policy authorized the City to invest in the following investments as summarized in the table below: Maximum Maximum Authorized Maximum Percentage Investment Investment Type Maturity of Portfolio In One Issuer U.S. Government Securities 5 Years 100% None State of Texas 5 Years 25% None States, Agencies, Counties, Cities and Other 5 Years 25% None Repurchase Agreements 90 Days 100% None Certificates of Deposits 5 Years 25% None Commercial Paper 270 Days 25% None No-Load Money Market Mutual Funds 90 Days 25% None Eligible Investment Pools 90 Days 100% None The Act also requires the City to have independent auditors perform test procedures related to investment practices as provided by the Act. The City is in substantial compliance with the requirements of the Act and with local policies. Cash and investments as of September 30, 2021 are classified in the accompanying financial statements as follows: Statement of net position: Cash and cash equivalents – primary government 79,401,138$ Restricted cash and cash equivalents – primary government 3,596,105 Cash and cash equivalents – component units 18,891,283 Restricted cash and cash equivalents – component units 32,676,834 134,565,360$ Cash and investments as of September 30, 2021 consist of the following: Cash on hand 5,434$ Deposits with financial institutions 3,664,186 Investment pools and money market mutual funds 130,895,740 134,565,360$ 119 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 41 NOTE 2. CASH AND INVESTMENTS – CONTINUED Disclosures Relating to Interest Rate Risk Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the City manages its exposure to interest rate risk is by investing mainly in investment pools which purchase a combination of shorter term investments with an average maturity of less than 60 days thus reducing the interest rate risk. The City monitors the interest rate risk inherent in its portfolio by measuring the weighted average maturity of its portfolio. The City has no specific limitations with respect to this metric. As of September 30, 2021 the City did not invest in any securities which are highly sensitive to interest rate fluctuations. Disclosures Relating to Credit Risk Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) the Public Funds Investment Act, the City’s investment policy, or debt agreements, and the actual rating as of year- end for each investment type. Minimum Rating as Legal of Year Investment Type Amount Rating End TexPool 71,033,292$ N/A AAAm TexPool Prime 26,538,153 N/A AAAm Money Market Mutual Funds 33,324,295 N/A AAAm 130,895,740$ Concentration of Credit Risk The investment policy of the City contains no limitations on the amount that can be invested in any one issuer. As of September 30, 2021 other than external investment pools the City did not have 5% or more of its investment with one issuer. 120 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 42 NOTE 2. CASH AND INVESTMENTS – CONTINUED Custodial Credit Risk Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The Public Funds Investment Act and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits: The Public Funds Investment Act requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). The market value of the pledged securities in the collateral pool must equal at least the bank balance less the FDIC insurance at all times. As of September 30, 2021 the City deposits with financial institutions in excess of federal depository insurance limits were fully collateralized during the year. The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. GASB Statement No. 72, Fair Value Measurement and Application, provides a framework for measuring fair value which establishes a three-level fair value hierarchy that describes the inputs that are used to measure assets and liabilities. Level 1 inputs are quoted prices (unadjusted) for identical assets or liabilities in active markets that a government can access at the measurement date. Level 2 inputs are inputs – other than quoted prices included within Level 1 – that are observable for an asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for an asset or liability. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. If a price for an identical asset or liability is not observable, a government should measure fair value using another valuation technique that maximizes the use of relevant observable inputs and minimizes the use of unobservable inputs. If the fair value of an asset or a liability is measured using inputs from more than one level of the fair value hierarchy, the measurement is considered to be based on the lowest priority level input that is significant to the entire measurement. 121 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 43 NOTE 2. CASH AND INVESTMENTS – CONTINUED The City has recurring fair value measurements as presented in the table below. The City’s investment balances and weighted average maturity of such investments are as follows: Quoted Prices in Active Significant Markets for Other Significant Weighted Identical Observable Unobservable Percent of Average Value at Assets Inputs Inputs Total Maturity September 30, 2021 (Level 1) (Level 2) (Level 3) Investments (Days) Investments not Subject to Fair Value: Investment Pools: TexPool 71,033,292$ -$ -$ -$ 54.27% 37 TexPool Prime 26,538,153 - - - 20.27% 48 Investments by Fair Value Level: Money Market Mutual Funds 33,324,295 33,324,295 - - 25.46% 41 Total Value 130,895,740$ 33,324,295$ -$ -$ 100.00% Fair Value Measurements Using Money Market Mutual funds reported as Level 1 consist of shares of a money market funds government portfolio and are valued at net asset value (NAV) of the assets held by the City. The NAV is a quoted price in an active market. Investment in State Investment Pools The City is a voluntary participant in two investment pools: TexPool and TexPool Prime. Each of these pools operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940. Each uses amortized costs rather than market value to report the net position to compute share prices. Accordingly, the value of the City’s position in the pools is the same as the value of the shares in the pool. The State Comptroller of Public Accounts exercises responsibility over TexPool and TexPool Prime. This oversight includes the ability to significantly influence operations, designation of management, and accountability for fiscal matters. Additionally, the State Comptroller has established an advisory board composed of both participants in TexPool and other persons who do not have a business relationship with TexPool. 122 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 44 NOTE 3. RECEIVABLES Receivables at September 30, 2021 for the individual major funds, nonmajor funds, and component units in the aggregate, including the applicable allowances for uncollectible accounts, consist of the following: Business-type Activities Discretely Non-Major Total Water and Presented Debt Governmental Governmental Sewer Component General Service Funds Activities Enterprise Units Receivables Property taxes 383,388$ 42,068$ -$ 425,456$ 13,601$ -$ Franchise taxes 496,276 - - 496,276 - - Sales taxes 3,819,639 - - 3,819,639 - 3,819,642 Service accounts 574,474 - - 574,474 2,932,178 - Other 326,162 - 175,711 501,873 - - Gross receivables 5,599,939 42,068 175,711 5,817,718 2,945,779 3,819,642 Allowance for uncollectibles (435,265) - - (435,265) (269,933) - Net total receivables 5,164,674$ 42,068$ 175,711$ 5,382,453$ 2,675,846$ 3,819,642$ Governmental Activities The Water and Sewer Fund service accounts receivable include unbilled charges for services rendered through September 30, 2021 in the amount of $1,902,263. 123 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 45 NOTE 4. CAPITAL ASSETS Capital asset activity for the year ended September 30, 2021, was as follows: Balance Sales or Balance September 30, Capital Other Adjustments/ September 30, 2020 Acquisitions Dispositions Transfers 2021 Governmental Activities: Capital assets not being depreciated Land and Land Improvements 4,510,684$ -$ -$ -$ 4,510,684$ Rights-of-way 25,571,036 - - - 25,571,036 Construction in progress 9,856,251 2,722,084 - (5,359,689) 7,218,646 Total capital assets not being depreciated 39,937,971 2,722,084 - (5,359,689) 37,300,366 Capital assets being depreciated Buildings 39,130,853 - - - 39,130,853 Improvements other than buildings 20,993,431 22,195 - 164,606 21,180,232 Swimming pool 1,839,255 - - - 1,839,255 Machinery and equipment 16,532,157 2,321,648 - 109,806 18,963,611 Infrastructure 277,380,640 5,249,914 - 5,085,277 287,715,831 Total capital assets being depreciated 355,876,336 7,593,757 - 5,359,689 368,829,782 Less: accumulated depreciation for: Buildings (11,492,880) (1,234,128) - - (12,727,008) Improvements other than buildings (9,286,330) (754,523) - - (10,040,853) Swimming pool (1,145,048) (71,600) - - (1,216,648) Machinery and equipment (11,132,930) (704,947) - - (11,837,877) Infrastructure (115,693,431) (6,880,654) - - (122,574,085) Total accumulated depreciation (148,750,619) (9,645,852) - - (158,396,471) Total capital assets being depreciated, net 207,125,717 (2,052,095) - 5,359,689 210,433,311 Governmental activities capital assets, net 247,063,688$ 669,989$ -$ -$ 247,733,677$ 124 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 46 NOTE 4. CAPITAL ASSETS – CONTINUED Balance Sales or Balance September 30, Capital Other Adjustments/ September 30, 2020 Acquisitions Dispositions Transfers 2021 Business-Type Activities: Capital assets not being depreciated Land 3,273,472$ -$ -$ -$ 3,273,472$ Construction in progress 4,707,956 4,044,107 - (21,936) 8,730,127 Total capital assets not being depreciated 7,981,428 4,044,107 - (21,936) 12,003,599 Capital assets being depreciated: Building 724,161 - - - 724,161 Water System 89,127,532 2,344,940 - - 91,472,472 Sanitary System 96,240,157 719,497 - 21,936 96,981,590 Drainage System 1,684,364 - - - 1,684,364 Machinery and Equipment 4,747,032 - - - 4,747,032 Infrastructure 16,947,047 - - - 16,947,047 Total capital assets being depreciated 209,470,293 3,064,437 - 21,936 212,556,666 Less: Accumulated depreciation for: Building (578,996) (7,343) - - (586,339) Water System (26,738,143) (2,333,517) - - (29,071,660) Sanitary System (23,776,825) (2,700,253) - - (26,477,078) Drainage System (1,648,187) (3,839) - - (1,652,026) Machinery and Equipment (2,788,215) (401,717) - - (3,189,932) Infrastructure (8,931,185) (374,063) - - (9,305,248) Total accumulated depreciation (64,461,551) (5,820,732) - - (70,282,283) Total capital assets being depreciated, net 145,008,742 (2,756,295) - 21,936 142,274,383 Business-Type activities capital assets, net 152,990,170$ 1,287,812$ -$ -$ 154,277,982$ Balance Sales or Balance September 30, Capital Other September 30, 2020 Acquisitions Dispositions 2021 Component Units: Capital assets not being depreciated Land 28,677,089$ -$ -$ 28,677,089$ Component Units capital assets, net 28,677,089$ -$ -$ 28,677,089$ 125 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 47 NOTE 4. CAPITAL ASSETS – CONTINUED Depreciation expense was charged as direct expense to programs of the primary government as follows: General government 4,309,660$ Public safety 1,044,910 Public works 3,472,587 Culture and recreation 818,695 Total depreciation expense-Governmental activities 9,645,852$ Business-type activities: Water and Sewer 5,820,732$ There was no depreciation expense charged to the component units during the current year. 126 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 48 NOTE 5. LONG-TERM DEBT At September 30, 2021, bonds payable consisted of the following individual issues: Governmental Business-type Component Certificates of Obligation:Activities Activities Units Combination Tax and Surplus Revenue Certificates of Obligation, Series 2013, 2.00% to 4.375%, maturing in annual installments of $155,000 to $675,000 through 2033.1,420,000$ -$ -$ Combination Tax and Surplus Revenue Certificates of Obligation, Series 2014, 3.00% to 6.00%, maturing in annual installments of $510,000 to $1,550,000 through 2035.2,412,900 14,822,100 - Combination Tax and Surplus Revenue Certificates of Obligation, Series 2015, 3.00% to 4.00%, maturing in annual installments of $470,000 to $690,000 through 2035.- 8,305,000 - Combination Tax and Surplus Revenue Certificates of Obligation, Series 2016, 3.00% to 4.00%, maturing in annual installments of $685,000 to $1,025,000 through 2037.9,744,000 4,176,000 - Combination Tax and Surplus Revenue Certificates of Obligation, Series 2018, 3.00% to 4.00%, maturing in annual installments of $555,000 to $850,000 through 2038.10,624,500 1,180,500 - Combination Tax and Surplus Revenue Certificates of Obligation, Series 2019, 3.00% to 5.00%, maturing in annual installments of $845,000 to $1,095,000 through 2039.10,533,800 6,456,200 - Combination Tax and Surplus Revenue Certificates of Obligation, Series 2020, 3.00% to 5.00%, maturing in annual installments of $252,850 to $761,813 through 2040.3,245,000 9,735,000 Combination Tax and Surplus Revenue Certificates of Obligation, Series 2021, 2.00% to 5.00%, maturing in annual installments of $290,000 to $540,000 through 2040.7,587,000 843,000 45,567,200$ 45,517,800$ -$ General Obligation Bonds: 676,400$ 213,800$ -$ 427,500 142,500 - 1,015,000 4,060,000 - 1,229,100 6,000,900 - 3,716,200 1,748,800 5,759,523 1,880,277 12,823,723$ 14,046,277$ -$ Component Revenue Bonds:Governmental Business-typeUnit -$ -$ 28,335,000$ - - 28,335,000 Sales Tax Increment Contract Revenue Bonds, Series 2013 (Infrastructure Bonds), 5.00% to 7.625%, maturing in annual installments from October 1, 2018 through October 1, 2042.- - 15,395,000 - - 105,485,000 - - - - - 5,550,000 - - 20,545,000 -$ -$ 203,645,000$ Tax Increment Contract Revenue Refunding Bonds, Series 2021, 3.580%, maturing in annual installments from October 1, 2021 through October 1, 2034. Sales Tax Revenue Bonds, Series 2013 (Infrastructure Bonds), 4.50% to 7.25%, maturing in annual installments of $ 195,000 to $2,770,000 through 2042. Sales Tax Revenue Bonds, Series 2013 (Infrastructure Bonds), 4.50% to 7.25%, maturing in annual installments of $ 195,000 to $2,770,000 through 2042. General Obligation Refunding Bonds, Series 2014, 2.00% to 5.00%, maturing in annual installments of $55,000 to $1,535,000 through 2026. Sales Tax Increment Contract Revenue Bonds, Series 2013 (Infrastructure Bonds), 2.594% to 4.881%, maturing in annual installments from October 1, 2020 through October 1, 2047. Sales Tax Revenue Bonds, Series 2017 (Infrastructure Bonds), 3.520%, maturing in annual installments from October 1, 2018 through October 1, 2032. General Obligation Refunding Bonds, Series 2015, 3.00% to 4.00%, maturing in annual installments of $840,000 to $1,715,000 through 2027. Sales Tax Revenue Bonds, Series 2013 (Infrastructure Bonds), 5.00% to 7.625%, maturing in annual installments from October 1, 2018 through October 1, 2042. General Obligation Refunding Bonds, Series 2020, 3.00% to 4.00%, maturing in annual installments of $806,446 to $263,304 through 2030. General Obligation Refunding Bonds, Series 2013, 3.00% to 5.00%, maturing in annual installments of $1,205,000 to $1,775,000 through 2024. General Obligation Refunding Bonds, Series 2011, 2.00% to 4.00%, maturing in annual installments of $20,000 to $890,000 through 2022. General Obligation Refunding Bonds, Series 2012, 2.00% to 3.00%, maturing in annual installments of $225,000 to $1,295,000 through 2023. 127 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 49 NOTE 5. LONG-TERM DEBT – CONTINUED The following is a summary of long-term debt transactions, including current portion, of the City for the year ended September 30, 2021: Balance Balance Due Beginning End Within of Year Increases Decreases of Year One Year Governmental Activities Certificates of obligation 40,245,600$ 7,587,000$ (2,265,400)$ 45,567,200$ 2,649,950$ General obligation bonds 15,406,504 - (2,582,781) 12,823,723 2,534,955 Capital Lease 1,227,459 - (528,920) 698,539 225,577 Unamortized bond premium 4,463,515 783,429 (551,305) 4,695,639 - Net pension liability 9,496,482 - (95,798) 9,400,684 - Total OPEB liability 909,288 204,791 - 1,114,079 - Compensated absences 3,204,027 2,922,745 (2,874,501) 3,252,271 3,204,027 Governmental activities Long-term debt 74,952,875$ 11,497,965$ (8,898,705)$ 77,552,135$ 8,614,509$ Business-Type Activities Certificates of obligation 46,919,400$ 843,000$ (2,244,600)$ 45,517,800$ 2,455,050$ General obligation bonds 17,128,496 - (3,082,219) 14,046,277 3,125,045 Unamortized bond premium 5,298,208 87,048 (518,344) 4,866,912 - Net pension liability 1,474,164 - (13,963) 1,460,201 - Total OPEB liability 132,528 29,848 - 162,376 - Compensated absences 372,291 912,877 (907,267) 377,901 372,291 Business-type activities Long-term debt 71,325,087$ 1,872,773$ (6,766,393)$ 66,431,467$ 5,952,386$ Component Units Revenue bonds 205,145,000$ 20,545,000$ (22,045,000)$ 203,645,000$ 3,980,000$ Unamortized bond discount (3,114,965) - 136,126 (2,978,839) - Compensated absences 94,158 58,849 (57,431) 95,576 94,157 Component units Long-term debt 202,124,193$ 20,603,849$ (21,966,305)$ 200,761,737$ 4,074,157$ The City intends to retire all of its general long-term liabilities, plus accrued interest, from ad valorem taxes and other current revenues from the Debt Service Fund as has been done in prior years. The proprietary fund type long-term debt, plus accrued interest, will be repaid from operating revenues of the Water and Sewer Enterprise Fund. The general fund has typically been used to liquidate the liability for compensated absences for governmental activities which are normally liquidated during the current year. In August 2021, the City issued $8,430,000 of Certificates of Obligation, Series 2021, at a premium of $870,477. The proceeds from the certificates of obligation of proceeds will be used for capital projects. $7,587,000 of the bonds were recorded in the governmental activities and $843,000 were recorded in the business-type activities. In 2021, the TLCDC issued $20,545,000 of Tax Increment Contract Revenue Refunding Bonds. $18,367,142 of the proceeds were placed with an escrow agent to refund $19,445,000 of Sales Tax Revenue Bonds, Series 2013. The difference between the debt service of the old debt and the new debt is $16,160,695, resulting in an economic gain of $7,272,383. 128 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 50 NOTE 5. LONG-TERM DEBT – CONTINUED Nebraska Furniture Mart During March 2012, the TCEDC, TCCDC and TCLDC individually entered into a pledge agreement where the consideration of future sales tax revenue from the tax increment reinvestment zone would be used to repay debt issued by the component units to provide funding for the Nebraska Furniture Mart Texas project. This pledge was effectively an incentive agreement to secure the development of Nebraska Furniture Mart, through NFM Services, within the City of The Colony. TCEDC and TCCDC have each pledged a portion of their future sales tax revenues to repay $29,580,000 of sales tax revenue bond series 2013 that each corporation issued in February 2013 to finance the acquisition of land and cost of construction and infrastructure associated with the Nebraska Furniture Mart Texas project. Total principal and interest remaining on each issuance is approximately $59 million as of September 30, 2021. Interest and principal paid and incremental sales tax revenues recognized were $2,379,200 and $4,107,162, respectively, for TCCDC and $2,986,688 and $4,107,162, respectively, for TCEDC with regards to each corporation’s 2013 bond series during the year ended September 30, 2021. TCLDC has pledged a portion of its future sales tax revenues to repay $142,080,000 of sales tax incremental contract revenue bonds that the Corporation issued in February 2013 to finance the acquisition of land and cost of construction and infrastructure associated with the Nebraska Furniture Mart Texas project. Total principal and interest remaining on these bonds is approximately $270.6 million as of September 30, 2021. Interest and principal paid and incremental sales tax revenues recognized were $8,317,068 and $8,214,324, respectively, during the year ended September 30, 2021. Description to Debt Indentures Certificate of Obligation Bonds The City issues certificate of obligation bonds to provide funds for the acquisition and construction of major capital facilities and infrastructure. The City is required by ordinance to create from ad valorem tax revenues a sinking fund sufficient to pay the current interest and principal installments as they become due. Revenue Bonds The City issues revenue bonds to construct water and sewer system improvements. The City is required by the applicable revenue bond indentures to pledge the net revenues of the Water and Sewer Enterprise Fund for the retirement of its outstanding revenue bonds, including interest thereon, and is required to maintain debt service funds and bond reserve funds for all such bonds outstanding. 129 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 51 NOTE 5. LONG-TERM DEBT – CONTINUED Bond Compliance There are a number of limitations and restrictions contained in the various bond indentures. The City is in compliance with all significant limitations and restrictions at September 30, 2021. Annual Requirements to Retire Debt Obligations The annual aggregate maturities for each bond type for the years subsequent to September 30, 2021, are as follows: Certificate of Obligation Bonds Annual debt service requirements to maturity for certificate obligation bonds, including interest of $14,546,724 for governmental activities, and $15,060,096 for business-type activities are as follows: Governmental Activities Fiscal Year Ending September 30 Principal Interest Total 2022 2,649,950$ 1,681,395$ 4,331,345$ 2023 2,566,150 1,580,218 4,146,368 2024 2,505,650 1,466,636 3,972,286 2025 2,488,400 1,355,845 3,844,245 2026 2,608,500 1,243,151 3,851,651 2027-2031 12,548,150 4,605,577 17,153,727 2032-2036 12,994,900 2,224,288 15,219,188 2037-2041 7,205,500 389,614 7,595,114 Total 45,567,200$ 14,546,724$ 60,113,924$ Fiscal Year Ending September 30 Principal Interest Total 2022 $ 2,455,050 $ 1,756,578 $ 4,211,628 2023 2,483,850 1,644,145 4,127,995 2024 2,579,350 1,528,053 4,107,403 2025 2,631,600 1,411,867 4,043,467 2026 2,626,500 1,293,862 3,920,362 2027-2031 13,936,850 4,908,851 18,845,701 2032-2036 14,145,100 2,145,728 16,290,828 2037-2041 4,659,500 371,012 5,030,512 Total $ 45,517,800 $ 15,060,096 $ 60,577,896 Business-Type Activities 130 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 52 NOTE 5. LONG-TERM DEBT – CONTINUED Annual Requirements to Retire Debt Obligations – Continued General Obligation Bonds Annual debt service requirements to maturity for general obligation bonds, including interest of $2,202,511 for governmental activities, $1,680,941 for business-type activities are as follows: Fiscal Year Ending September 30 Principal Interest Total 2022 2,534,955$ 536,048$ $ 3,071,003 2023 1,938,971 425,977 2,364,948 2024 1,785,587 351,224 2,136,811 2025 1,485,391 279,098 1,764,489 2026 1,540,196 222,474 1,762,670 2027-2031 3,538,623 387,690 3,926,313 Total 12,823,723$ 2,202,511$ 15,026,234$ Governmental Activities Fiscal Year Ending September 30 Principal Interest Total 2022 3,125,045$ 561,477$ $ 3,686,522 2023 3,061,029 411,448 3,472,477 2024 3,094,413 294,776 3,389,189 2025 1,729,609 169,803 1,899,412 2026 1,784,804 113,977 1,898,781 2027-2031 1,251,377 129,460 1,380,837 Total 14,046,277$ 1,680,941$ 15,727,218$ Business-Type Activities 131 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 53 NOTE 5. LONG-TERM DEBT – CONTINUED Annual Requirements to Retire Debt Obligations – Continued Revenue Bonds Revenue bond debt service requirements to maturity, including interest of $173,885,385 for component unit activities are as follows: Fiscal Year Ending September 30 Principal Interest Total 2022 3,980,000$ 10,940,202$ $ 14,920,202 2023 4,270,000 10,777,604 15,047,604 2024 4,575,000 10,597,010 15,172,010 2025 4,900,000 10,396,645 15,296,645 2026 5,255,000 10,177,832 15,432,832 2027-2031 32,265,000 46,833,195 79,098,195 2032-2036 40,605,000 37,618,296 78,223,296 2037-2041 48,235,000 25,519,252 73,754,252 2042-2046 44,420,000 9,906,136 54,326,136 2047-2050 15,140,000 1,119,213 16,259,213 Total 203,645,000$ 173,885,385$ 377,530,385$ Component-Units 132 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 54 NOTE 5. LONG-TERM DEBT – CONTINUED Annual Requirements to Retire Debt Obligations – Continued Capital Leases During 2015, the City entered into a capital lease in the amount of $935,000 with principal and interest at 3.606% being paid through fiscal year 2021. The City also entered into $1,641,970 of capital leases during 2019 with principal and interest from 2.63% to 3.29% being paid through fiscal year 2024. Proceeds from the leases were used to obtain public safety equipment with an initial cost of $2,576,970 which has been recorded as capital assets. Future lease payments are paid through the City’s debt service fund and are as follows: Governmental Activities Fiscal Year Ending September 30 Principal Interest Total 2022 225,577$ 22,280$ 247,857$ 2023 232,769 15,088 247,857 2024 240,193 7,664 247,857 Total 698,539$ 45,032$ 743,571$ Net Pension Liability/ OPEB liability The general fund has typically been used to liquidate governmental activities’ pension and OPEB liabilities. NOTE 6. TRANSFERS AND INTERFUND RECEIVEABLES/PAYABLES All interfund transfers between the various funds are approved supplements to the operations of those funds. Individual fund transfers for fiscal year 2021 were as follows: Transfers Out Transfers In Amount Purpose General Fund Non-major Funds 175,000$ Utility franchise fee Capital Projects Fund General Fund 21,000 Funding for capital projects Non-major Funds General Fund 95,000 Funding for capital projects Non-major Funds Utility Fund 100,000 Funding for capital projects Non-major Funds Non-major Funds 506,271 For public safety and hotel programs Capital Projects Fund Utility Fund 300,000 Funding for capital projects Total 1,197,271$ 133 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 55 NOTE 7. RETIREMENT PLAN A. Plan Description The City participates as one of 895 plans in the defined benefit cash-balance plan administered by the Texas Municipal Retirement System (TMRS). TMRS is statewide public retirement plan created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8, Texas Government Code (the TMRS Act) as an agent multiple-employer retirement system for employees of Texas participating cities. The TMRS Act places the general administration and management of TMRS with a six-member Governor-appointed Board of Trustees; however, TMRS is not fiscally dependent on the State of Texas. TMRS’ defined benefit pension plan is a tax-qualified plan under Section 401(a) of the Internal Revenue Code. TMRS issues a publicly available annual comprehensive financial report that can be obtained at www.tmrs.com. All eligible employees of the City are required to participate in TMRS. B. Benefits Provided TMRS provides retirement, disability, and death benefits. Benefit provisions are adopted by the governing body of the City, within the options available in the state statutes governing TMRS. At retirement, the benefit is calculated as if the sum of the member’s contributions, with interest, and the city-financed monetary credits with interest. The retiring member may choose to receive their retirement benefit in one of seven payments options. Members may also choose to receive a portion of their benefit as a Partial Lump Sum Distribution in an amount equal to 12, 24, or 36 monthly payments, which cannot exceed 75% of the member’s deposits and interest. At the date the plan began, the City granted monetary credits for service rendered before the plan began of a theoretical amount at least equal to two times what would have been contributed by the employee, with interest, prior to establishment of the plan. Monetary credits for service since the plan began are a percent (100%, 150%, or 200%) of the employee's accumulated contributions. In addition, the City can grant, as often as annually, another type of monetary credit referred to as an updated service credit which is a theoretical amount which, when added to the employee's accumulated contributions and the monetary credits for service since the plan began, would be the total monetary credits and employee contributions accumulated with interest if the current employee contribution rate and city matching percent had always been in existence and if the employee's salary had always been the average of his salary in the last three years that are one year before the effective date. 134 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 56 NOTE 7. RETIREMENT PLAN – CONTINUED B. Benefits Provided – Continued At retirement, the benefit is calculated as if the sum of the employee's accumulated contributions with interest and the employer-financed monetary credits with interest were used to purchase an annuity. Members can retire at ages 60 and above with 5 or more years of service or with 20 years of service. A member is vested after 5 years. The plan provisions are adopted by the governing body of the City, within the options available in the state statutes governing TMRS and within the actuarial constraints also in the statutes. At the December 31, 2020 valuation and measurement date, the following employees were covered by the benefit terms: Inactive employees or beneficiaries currently receiving benefits 210 Inactive employees entitled to but not yet receiving benefits 202 Active employees 375 787 C. Contributions The contribution rates for employees in TMRS are either 5%, 6%, or 7% of employee gross earnings, and the city matching percentages are either 100%, 150%, or 200%, both as adopted by the governing body of the city. Under the state law governing TMRS, the contribution rate for each city is determined annually by the actuary, using the Entry Age Normal (EAN) actuarial cost method. The actuarially determined rate is the estimated amount necessary to finance the cost of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. Employees for the City were required to contribute 7% of their annual gross earnings during the fiscal year. The contribution rates for the City was 12.92% and 13.49% for calendar years 2020 and 2021, respectively. The City’s contributions to TMRS for the year ended September 30, 2021 were $3,770,299, and were equal to the required contributions. D. Net Pension Liability The City’s Net Pension Liability (NPL) was measured as of December 31, 2020 and the Total Pension Liability (TPL) used to calculate the NPL was determined by an actuarial valuation as of that date. 135 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 57 NOTE 7. RETIREMENT PLAN – CONTINUED D. Net Pension Liability – Continued Actuarial Assumptions: The Total Pension Liability in the December 31, 2020 actuarial valuation was determined using the following actuarial assumptions: Inflation 2.5% per year Overall payroll growth 3.5% to 11.5% per year including inflation Investment Rate of Return 6.75% Amortization method Level percentage of payroll, closed Actuarial cost method Entry Age Normal Salary increases are based on a service-related table. Mortality rates for active members are based on the PUB(10) mortality tables with the Public Safety table used for males and the General Employee table used for females. Mortality rates for healthy retirees and beneficiaries are based on the Gender-distinct 2019 Municipal Retirees of Texas mortality tables. The rates for actives, healthy retirees and beneficiaries are projected on a fully generational basis by Scale UMP to account for future mortality improvements. For disabled annuitants, the same mortality tables for healthy retirees are used with a 4- year set-forward for males and a 3-year set-forward for females. In addition, a 3.5% and 3.0% minimum mortality rate is applied, for males and females respectively, to reflect the impairment for younger members who become disabled. The rates are projected on a fully generational basis by Scale UMP to account for future mortality improvements subject to the floor. The actuarial assumptions were developed primarily from the actuarial investigation of the experience of TMRS over the four-year period from December 31, 2014 to December 31, 2018. They were adopted in 2019 and first used in the December 31, 2109 actuarial valuation. The post-retirement mortality assumption for Annuity Purchase Rates (APRs) is based on the Mortality Experience Investigation Study covering 2009 through 2011 and dated December 31, 2013. Plan assets are managed on a total return basis with an emphasis on both capital appreciation as well as the production of income in order to satisfy the short-term and long- term funding needs of TMRS. There were no benefit changes during the year. 136 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 58 NOTE 7. RETIREMENT PLAN – CONTINUED D. Net Pension Liability – Continued Actuarial Assumptions – Continued: The long-term expected rate of return on pension plan investments was determined using a building-block method in which best estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. In determining their best estimate of a recommended investment return assumption under the various alternative asset allocation portfolios, GRS focused on the area between (1) arithmetic mean (aggressive) without an adjustment for time(conservative) and (2) the geometric mean (conservative) with an adjustment for time (aggressive). The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table: Long-Term Expected Real Target Rate of Return Asset Class Allocation (Arithmetic) Global Equity 30.0% 5.30% Core Fixed Income 10.0% 1.25% Non-Core Fixed Income 20.0% 4.14% Real Return 10.0% 3.85% Real Estate 10.0% 4.00% Absolute Return 10.0% 3.48% Private Equity 10.0% 7.75% Total 100.0% Discount Rate The discount rate used to measure the Total Pension Liability was 6.75%. The projection of cash flows used to determine the discount rate assumed that employee and employer contributions will be made at the rates specified in statute. Based on that assumption, the pension plan’s Fiduciary Net Position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the Total Pension Liability. 137 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 59 NOTE 7. RETIREMENT PLAN – CONTINUED D. Net Pension Liability – Continued Allocations The City’s net pension liability, pension expense, and deferred outflows of resources related to TMRS have been allocated between governmental activities and business-type activities using a contribution-based method. Changes in the Net Pension Liability Total Plan Net Pension Fiduciary Pension Liability Net Position Liability (a) (b) (a) - (b) Balance at 12/31/2019 105,452,142$ 94,481,496$ 10,970,646$ Changes for the year: Service Cost 4,598,382 - 4,598,382 Interest 7,143,318 - 7,143,318 Change of benefit terms - - - Difference between expected and actual experience 686,320 - 686,320 Changes of assumptions - - - Contributions - employer - 3,509,336 (3,509,336) Contributions - employee - 1,900,158 (1,900,158) Net investment income - 7,176,504 (7,176,504) Benefit payments, including refunds of employee contributions (3,848,793) (3,848,793) - Administrative expense - (46,406) 46,406 Other changes - (1,811) 1,811 Net Changes 8,579,227 8,688,988 (109,761) Balance at 12/31/19 114,031,369$ 103,170,484$ 10,860,885$ Increase (Decrease) Net Pension Liability as a percentage of covered employee payroll 40.01%. Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the City, calculated using the discount rate of 6.75%, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.75%) or 1 percentage-point higher (7.75%) than the current rate: 1% Decrease 1% Increase in Discount Discount in Discount Rate (5.75%) Rate (6.75%) Rate (7.75%) Net pension liability 27,435,095$ 10,860,885$ (2,751,667)$ 138 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 60 NOTE 7. RETIREMENT PLAN – CONTINUED D. Net Pension Liability – Continued Pension Plan Fiduciary Net Position Detailed information about the pension plan’s Fiduciary Net Position is available in a separately-issued TMRS financial report. That report may be obtained at www.tmrs.com. E. Pension Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions For the year ended September 30, 2021, the City recognized pension expense of $3,229,939. At September 30, 2021, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Differences between expected and actual economic experience 1,481,643$ 79,710$ Changes in actuarial assumptions 275,464 - Difference between projected and actual investment earnings - 2,666,329 Contributions subsequent to the measurement date 2,787,837 - Total 4,544,944$ 2,746,039$ The $2,787,837 reported as deferred outflows of resources related to pensions result from contributions subsequent to the measurement date and will reduce the net pension liability during the fiscal year ending September 30, 2022. The other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized in pension expense as follows: Net deferred Fiscal outflows Year Ended (inflows) of Sept. 30: resources 2022 (371,668)$ 2023 518,687 2024 (1,098,760) 2025 (37,191) (988,932)$ 139 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 61 NOTE 8. DEFERRED COMPENSATION PLAN The City participates in a deferred compensation plan, which falls under Internal Revenue Code Section 457. Virtually all employees are eligible to participate in the plan. The deferred compensation plan allows the deferral of individual federal income taxes until funds are withdrawn. Funds may be withdrawn at termination, retirement, death or unforeseeable emergency. Employees may contribute a maximum of 100% of compensation included in gross income or $15,500 whichever is less. As a result of legislative changes, all amounts of compensation deferred, all property and rights purchased, and all income, property or rights are (until paid or made available to the employee or other beneficiary) held in trust for the exclusive benefit of the participants and their beneficiaries, whereas, prior to these legislative changes, these amounts were solely the property and rights of the City subject only to the claims of the City’s general creditors. As a result, at September 30, 2021, the deferred compensation investments in the amount of $9,077,172 are not reported in the City’s financial statements. NOTE 9. OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN A. Plan Description Texas Municipal Retirement System (“TMRS”) administers a defined benefit group-term life insurance plan known as the Supplemental Death Benefits Fund (“SDBF”). This is a voluntary program in which participating member cities may elect, by ordinance, to provide group-term life insurance coverage for their active members, including or not including retirees. Employers may terminate coverage under and discontinue participation in the SDBF by adopting an ordinance before November 1 of any year to be effective the following January 1.The City has elected to participate in the SDBF for its active members including retirees. As the SDBF covers both active and retiree participants, with no segregation of assets, the SDBF is considered to be an unfunded single-employer OPEB plan (i.e. no assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75) for City reporting. B. Benefits Provided The death benefit for active employees provides a lump-sum payment approximately equal to the employee’s annual salary (calculated based on the employee’s actual earnings, for the 12-month period preceding the month of death). The death benefit for retirees is considered another postemployment benefit (“OPEB”) and is a fixed amount of $7,500. C. Benefits Provided – Continued At the December 31, 2020 valuation and measurement date, the following employees were covered by the benefit terms: Inactive employees or beneficiaries currently receiving benefit s 145 Inactive employees entitled to but not yet receiving benefits 44 Active employees 375 564 140 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 62 NOTE 9. OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN – CONTINUED D. Contributions The member city contributes to the SDBF at a contractually required rate as determined by an annual actuarial valuation. The rate is equal to the cost of providing one-year term life insurance. The funding policy for the SDBF program is to assure that adequate resources are available to meet all death benefit payments for the upcoming year. The intent is not to pre-fund retiree term life insurance during employees’ entire careers. Contributions are made monthly based on the covered payroll of employee members of the participating member city. The contractually required contribution rate is determined annually for each city. The rate is based on the mortality and service experience of all employees covered by the SDBF and the demographics specific to the workforce of the city. There is a one-year delay between the actuarial valuation that serves as the basis for the employer contribution rate and the calendar year when the rate goes into effect. The funding policy of this plan is to assure that adequate resources are available to meet all death benefit payments for the upcoming year. The retiree portion of contribution rates to the SDBF for the City was 0.02% and 0.07% for calendar years 2020 and 2021, respectively. The City’s contributions to the SDBF for the year ended September 30, 2021 were $15,868, and were equal to the required contributions. E. Total OPEB Liability The City’s Total OPEB Liability (TOL) was measured as of December 31, 2020 and was determined by an actuarial valuation as of that date. 141 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 63 NOTE 9. OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN – CONTINUED F. Actuarial Assumptions The Total OPEB Liability in the December 31, 2020 actuarial valuation was determined using the following actuarial assumptions: Inflation 2.5% per year Salary increases 3.50% to 11.50%, including inflation Discount rate 2.00% Retiree's share of benefit-related cost $0 Actuarial cost method Entry Age Normal Amortization method Level percentage of payroll; closed Salary increases were based on a service-related table. Mortality rates for post-retirement were based on the 2019 Municipal Retirees of Texas Mortality Tables. The rates are projected on a fully generational basis with scale UMP. Mortality rates for preretirement were based on PUB(10) mortality tables, with the Public Safety table used for males and the General Employee table used for females. The rates are projected on a fully generational basis with scale UMP. Actuarial assumptions used in the December 31, 2020 valuation were developed primarily from the actuarial investigation of the experience of TMRS over the four-year period from December 31, 2014 to December 31, 2018. They were first adopted in 2019 and first used in the December 31, 2019 actuarial valuation. The discount rate used to measure the Total OPEB Liability was 2.00% and was based on the Fidelity Index’s “20-Year Municipal GO AA Index” rate as of December 31, 2020. 142 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 64 NOTE 9. OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN – CONTINUED G. Changes in Total OPEB Liability Increase (Decrease) Total OPEB Liability (a) Balance at 12/31/2019 1,041,816$ Changes for the year: Service Cost 57,005 Interest 29,359 Difference between expected and actual experience (17,505) Changes of assumptions 171,209 Benefit payments (5,429) Net Changes 234,639 Balance at 12/31/20 1,276,455$ Total OPEB Liability as a percentage of covered payroll 4.70%. H. Sensitivity of the Total OPEB Liability to Changes in the Discount Rate The following presents the total OPEB liability of the City, calculated using the discount rate of 2.00%, as well as what the City’s total OPEB liability would be if it were calculated using a discount rate that is 1 percentage-point lower (1.00%) or 1 percentage-point higher (3.00%) than the current rate: 1% Decrease 1% Increase in Discount Discount in Discount Rate (1.00%) Rate (2.00%) Rate (3.00%) Total OPEB liability 1,561,574$ 1,276,455$ 1,054,707$ 143 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 65 NOTE 9. OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN – CONTINUED I. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB For the year ended September 30, 2021, the City recognized OPEB expense of $131,801. At September 30, 2021, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Changes in actuarial assumptions 295,166$ 34,575$ Difference between projected and actual investment earnings - 31,526 Contributions subsequent to the measurement date 14,307 - Total 309,473$ 66,101$ The $14,307 reported as deferred outflows of resources related to OPEB resulting from contributions subsequent to the measurement date will reduce the Total OPEB liability during the year ending September 30, 2022. The other amounts reported as deferred outflows and inflows of resources related to OPEB will be recognized in OPEB expense as follows: Net deferred Fiscal outflows Year Ended (inflows) of Sept. 30: resources 2022 45,437$ 2023 45,437 2024 42,649 2025 38,220 2026 39,440 Thereafter 17,882 229,065$ 144 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 66 NOTE 10. COMMITMENTS AND CONTINGENCIES Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies, principally the state government. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures which may be disallowed by the grantor agency cannot be determined at this time although the City expects such amounts, if any, to be immaterial to the basic financial statements. At September 30, 2021, certain claims and litigation against the City are pending with respect to matters arising in the normal course of the City’s operations. City management is of the opinion that the settlement of these matters will not have a material adverse effect on the City’s financial statements. At September 30, 2021, the City had authorized construction contract commitments of $14,607,556 NOTE 11. RISK MANAGEMENT The City is exposed to various risks of loss related to torts, theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. During fiscal year 2021, the City purchased commercial insurance to cover these liabilities. Additionally, the City purchases commercial insurance to cover employee health benefits. There were no significant reductions in coverage in the past fiscal year and there were no settlements exceeding insurance coverage in the past three years. NOTE 12. TAX ABATEMENTS The City enters into economic development agreements authorized under Chapter 380 of the Texas Local Government Code. These agreements are planning tools designed to stimulate economic activity, redevelopment, community improvement, and provide a return on investment for the community. These programs abate or rebate property and/or sales taxes and may include other incentive payments such as fee reductions or construction costs reimbursements. Economic development agreements are considered on a case by case basis by the City Council and generally contain recapture provisions, which may require repayment or termination if recipients do not meet the required provisions of the economic incentives. Chapter 380 of the Texas Local Government Code allows the City to provide grants for the purpose of promoting local economic development. These grants are based on a percentage of property and/or sales tax received by the City. The City had the following agreements for the fiscal year ending September 30, 2021. Per the Grandscape, William Sonoma, and Top Golf TIF agreement for commercial development of 433 undeveloped acres, 100% of the property tax collections from the TIRZ projects and 90% of sales tax collections from TIRZ businesses were to be abated. The City abated $1,864,926 in property taxes and $16,428,312 in sales taxes. 145 CITY OF THE COLONY, TEXAS NOTES TO FINANCIAL STATEMENTS 67 NOTE 12. TAX ABATEMENTS – CONTINUED There was an agreement for Tribute properties to develop a 1,200-acre residential and golf community within the City under which 62% of property taxes was agreed to be abated. The City abated $1,902,356 in property taxes. Per the Tribute TIF agreement to fund water storage tank and construction of fire station, and improve roadways, marina park and entertainment district, 70% of property taxes from development limited to total property taxes less the agreement stated above was agreed to be abated. The City abated $1,712,120 in property taxes. NOTE 13. FUND BALANCE/NET POSITION The composition of the City’s governmental fund balances as of September 30, 2021 is as follows: Capital Non major Total General Debt Service Projects Governmental Governmental Fund Fund Fund Funds Funds Non-spendable: Inventory 150,963$ -$ -$ -$ 150,963$ Prepaids 554,080 - 216 816 555,112 705,043 - 216 816 706,075 Restricted for: Debt service - 3,442,104 - - 3,442,104 Tourism 2,385,220 - - 383,960 2,769,180 Police - - - 123,760 123,760 Child Safety - - - 93,798 93,798 Stormwater drainage - - - 953,418 953,418 Court - - - 391,816 391,816 PID No. 1 - - - 928,877 928,877 Social and community services - - - 144,088 144,088 Pandemic response - - - 72 72 Capital projects - - 20,344,096 - 20,344,096 2,385,220 3,442,104 20,344,096 3,019,789 29,191,209 Committed for: Parks - - - 1,277,449 1,277,449 Unassigned 19,835,324 - - - 19,835,324 Total 22,925,587$ 3,442,104$ 20,344,312$ 4,298,054$ 51,010,057$ Net position restricted for other reported for the governmental activities in the statement of net position is comprised of the sum of the balances that are reported as restricted fund balances in the general fund and the non-major governmental funds. NOTE 14. SUBSEQUENT EVENTS The City has evaluated all events or transactions that occurred after September 30, 2021 up through March 30, 2022, the date the financial statements were issued. During this period, there were no material subsequent events requiring recognition or additional disclosure in these financial statements. 146 147 REQUIRED SUPPLEMENTARY INFORMATION 148 EXHIBIT A-1 CITY OF THE COLONY, TEXAS SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS – TMRS LAST SEVEN MEASUREMENT YEARS 68 Measurement Year Measurement Year Measurement Year Measurement Year Measurement Year Measurement Year Measurement Year 2020 2019 2018 2017 2016 2015 2014 Total pension liability: Service cost 4,598,382$ 4,260,983$ 3,870,905$ 3,593,344$ 3,247,190$ 3,038,645$ 2,636,444$ Interest 7,143,318 6,525,581 6,090,550 5,640,026 5,246,784 4,956,953 4,717,021 Difference between expected and actual experience 686,320 1,392,962 (201,099) 653,253 395,250 681,456 (1,078,676) Change in assumptions - 469,452 - - - 1,451,967 - Benefit payments, including refunds of employee contributions (3,848,793) (3,483,246) (3,537,724) (3,164,226) (3,308,765) (3,324,791) (2,771,781) Net change in total pension liability 8,579,227 9,165,732 6,222,632 6,722,397 5,580,459 6,804,230 3,503,008 Total pension liability - beginning 105,452,142 96,286,410 90,063,778 83,341,381 77,760,922 70,956,692 67,453,684 Total pension liability - ending (a) 114,031,369 105,452,142 96,286,410 90,063,778 83,341,381 77,760,922 70,956,692 Plan fiduciary net position: Contributions - employer 3,509,336 3,330,020 3,044,002 2,825,357 2,343,572 2,336,643 2,051,029 Contributions - employee 1,900,158 1,790,133 1,630,948 1,512,532 1,360,283 1,309,761 1,179,152 Net investment income 7,176,504 12,447,283 (2,451,824) 9,825,153 4,466,472 96,983 3,534,120 Benefit payments, including refunds of employee contributions (3,848,793) (3,483,246) (3,537,724) (3,164,226) (3,308,765) (3,324,791) (2,771,781) Administrative expense (46,406) (70,294) (47,376) (50,917) (50,436) (59,070) (36,893) Other (1,811) (2,113) (2,475) (2,581) (2,717) (2,918) (3,033) Net change in plan fiduciary net position 8,688,988 14,011,783 (1,364,449) 10,945,318 4,808,409 356,608 3,952,594 Plan fiduciary net position - beginning 94,481,496 80,469,713 81,834,162 70,888,844 66,080,435 65,723,827 61,771,233 Plan fiduciary net position - ending (b) 103,170,484 94,481,496 80,469,713 81,834,162 70,888,844 66,080,435 65,723,827 Net pension liability - ending (a) - (b) 10,860,885$ 10,970,646$ 15,816,697$ 8,229,616$ 12,452,537$ 11,680,487$ 5,232,865$ Plan fiduciary net position as a percentage of total pension liability 90.48% 89.60% 83.57% 90.86% 85.06% 84.98% 92.63% Covered payroll 27,145,113$ 25,576,127$ 23,248,678$ 21,607,602$ 19,432,616$ 18,710,868$ 16,838,560$ Net pension liability as a percentage of covered payroll 40.01% 42.89% 68.03% 38.09% 64.08% 62.43% 31.08% Note: Only seven years of data is presented in accordance with GASB #68, paragraph 138, “The information for all period for the 10-year schedules that are required to be presented as required supplementary information may not be available initially. In these cases, during the transition period, that information should be presented for as many periods as are available. The schedules should not include information that is not measured in accordance with the requirements of this statement. Additional years’ information will be displayed as it becomes available.” 149 EXHIBIT A-2 CITY OF THE COLONY, TEXAS SCHEDULE OF PENSION CONTRIBUTIONS – TMRS LAST SEVEN FISCAL YEARS 69 Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2021 2020 2019 2018 2017 2016 2015 Actuarially determined contribution 3,770,299$ 3,477,782$ 3,247,835$ 2,998,437$ 2,723,827$ 2,399,108$ 2,224,043$ Contribution in relation of the actuarially determined contribution 3,770,299 3,477,782 3,247,835 2,998,437 2,723,827 2,399,108 2,224,043 Contribution deficiency (excess) -$ -$ -$ -$ -$ -$ -$ Covered payroll 27,970,374$ 26,570,811$ 24,667,651$ 22,698,203$ 19,440,612$ 19,236,056$ 19,145,821$ Contributions as a percentage of covered payroll 13.48% 13.09% 13.17% 13.21% 14.01% 12.47% 11.62% Note: GASB #68, paragraph 81.2.b requires that the data in this schedule be presented as of the City’s fiscal year as opposed to the time period covered by the measurement date. Note: Only seven years of data is presented in accordance with GASB #68, paragraph 138, “The information for all period for the 10-year schedules that are required to be presented as required supplementary information may not be available initially. In these cases, during the transition period, that information should be presented for as many periods as are available. The schedules should not include information that is not measured in accordance with the requirements of this statement. Additional years’ information will be displayed as it becomes available.” 150 EXHIBIT A-3 CITY OF THE COLONY, TEXAS SCHEDULE OF CHANGES IN TOTAL OPEB LIABILITY AND RELATED RATIOS – TMRS LAST FOUR MEASUREMENT YEARS 70 Measurement Year Measurement Year Measurement Year Measurement Year 2020 2019 2018 2017 Total OPEB liability: Service cost 57,005$ 40,922$ 41,848$ 32,411$ Interest 29,359 30,875 28,018 27,153 Differences between expected and actual experience (17,505) (11,620) (15,239) - Change in assumptions 171,209 172,459 (62,382) 69,501 Benefit payments (5,429) (5,115) (6,975) (4,322) Net change in total pension liability 234,639 227,521 (14,730) 124,743 Total OPEB liability - beginning 1,041,816 814,295 829,025 704,282 Total OPEB liability - ending (a) 1,276,455$ 1,041,816$ 814,295$ 829,025$ Covered-employee payroll 27,145,113$ 25,576,127$ 23,248,678$ 21,607,602$ Total OPEB liability as a percentage of covered-employee payroll 4.70% 4.07% 3.50% 3.84% Note: Only four years of data is presented in accordance with GASB #75. Additional years’ information will be displayed as it becomes available. The TMRS Supplementary Death Benefit Fund (SDBF) is considered to be an unfunded OPEB plan; therefore, no plan fiduciary net position and related ratios are reported in the above schedule. 151 EXHIBIT A-4 CITY OF THE COLONY, TEXAS SCHEDULE OF OPEB CONTRIBUTIONS – TMRS LAST FOUR FISCAL YEARS 71 Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2021 2020 2019 2018 Actuarially determined contribution 15,868$ 5,365$ 5,653$ 6,186$ Contribution in relation of the actuarially determined contribution 15,868 5,365 5,653 6,186 Contribution deficiency (excess) -$ -$ -$ -$ Covered-employee payroll 27,970,374$ 26,570,811$ 24,667,651$ 22,698,203$ Contributions as a percentage of covered-employee payroll 0.06% 0.02% 0.02% 0.03% Note: Only four years of data is presented in accordance with GASB #75. Additional years’ information will be displayed as it becomes available. The TMRS Supplementary Death Benefit Fund (SDBF) is considered to be an unfunded OPEB plan; therefore, no plan fiduciary net position and related ratios are reported in the above schedule. 152 EXHIBIT A-5 CITY OF THE COLONY, TEXAS GENERAL FUND SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL YEAR ENDED SEPTEMBER 30, 2021 72 VARIANCE WITH FINAL BUDGET - POSITIVE ORIGINAL FINAL ACTUAL (NEGATIVE) REVENUES Ad valorem taxes, penalties and interest 26,241,825$ 26,241,825$ 27,632,087$ 1,390,262$ Franchise taxes 2,635,000 2,635,000 2,517,283 (117,717) Municipal sales tax 7,500,000 7,500,000 9,721,676 2,221,676 Licenses and permits 1,531,670 1,531,670 1,504,112 (27,558) Charge for services 1,575,830 1,575,830 1,967,559 391,729 Fines and forfeitures 795,000 795,000 722,584 (72,416) Grants 331,863 331,863 301,552 (30,311) Gifts and Contributions 942,148 942,148 942,148 - Investment income 160,000 160,000 22,213 (137,787) Miscellaneous 651,500 651,500 1,191,785 540,285 Total revenues 42,364,836 42,364,836 46,522,999 4,158,163 EXPENDITURES Current: General government: Community image 636,447 636,447 507,140 129,307 General administration 1,567,595 1,567,595 1,731,407 (163,812) City secretary 416,284 416,284 478,524 (62,240) City council 64,520 64,520 44,042 20,478 Human resources 666,588 666,588 705,537 (38,949) Finance 1,244,663 1,244,663 1,337,267 (92,604) Information technology 850,770 850,770 801,005 49,765 Nondepartmental 4,496,217 4,487,777 3,728,062 759,715 Fleet services 1,101,279 1,101,279 1,123,568 (22,289) Public safety: Municipal court 454,836 454,836 416,938 37,898 Fire 11,852,082 11,947,019 11,392,959 554,060 Police 12,954,281 12,964,280 12,646,444 317,836 Public works: Engineering 2,137,297 2,212,297 1,971,467 240,830 Facilities maintenance 1,604,897 1,604,897 1,570,732 34,165 Culture and recreation: Parks and recreation 2,904,468 2,932,468 2,420,505 511,963 Aquatic park 565,074 565,074 494,545 70,529 Library 1,297,035 1,297,638 1,158,112 139,526 Community center 281,744 281,744 223,737 58,007 Total expenditures 45,096,077 45,296,176 42,751,991 2,544,185 Excess (deficiency) of revenues over (under) expenditures (2,731,241) (2,931,340) 3,771,008 6,702,348 OTHER FINANCING SOURCES (USES) Transfers from other funds 85,000 85,000 116,000 31,000 Transfers to other funds (5,933,646) (5,933,646) (175,000) 5,758,646 Total other financing sources (uses)(5,848,646) (5,848,646) (59,000) 5,789,646 NET CHANGE IN FUND BALANCE (8,579,887) (8,779,986) 3,712,008 12,491,994 FUND BALANCES, BEGINNING OF YEAR 19,213,579 19,213,579 19,213,579 - FUND BALANCES, END OF YEAR 10,633,692$ 10,433,593$ 22,925,587$ 12,491,994$ BUDGETED AMOUNTS 153 CITY OF THE COLONY, TEXAS NOTES TO BUDGETARY COMPARISON SCHEDULE YEAR ENDED SEPTEMBER 30, 2021 73 BUDGETARY INFORMATION The City Council adheres to the following procedures in establishing the budgets reflected in the financial statements: 1. Prior to July 31, the City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the following October 1. The operating budget includes proposed expenditures and the means of financing them. 3. The proposed budget is filed with the City Secretary not less than 30 days prior to the time the City Council approves the tax levy for the fiscal year commencing the following October 1. Public hearings are conducted to obtain taxpayers' comments. 3. Prior to October 1, the budget is legally enacted by the City Council through passage of an ordinance. 4. The City Manager has authority to transfer appropriation balances from one expenditure account to another within a single department of the City. Only the City Council may transfer any unencumbered appropriation balance or portion thereof from one department to another. Appropriations lapse at the end of the fiscal year. An annual budget is legally adopted for the General Fund using accounting principles generally accepted in the United States of America in all material respects. Expenditures exceeded appropriations in the general fund as follows during the year ended September 30, 2021: General administration ($163,812) City Secretary ($62,240) Human Resources ($38,949) Finance ($92,604) Fleet Services ($22,289) 154 155 COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES 156 157 74 DEBT SERVICE FUND The Debt Service Fund is used to account for the accumulation of resources for and the payment of general obligation bonds and interest from governmental resources. 158 EXHIBIT B-1 CITY OF THE COLONY, TEXAS DEBT SERVICE FUND BUDGETARY COMPARISON SCHEDULE FOR THE YEAR ENDED SEPTEMBER 30, 2021 75 VARIANCE WITH FINAL BUDGET POSITIVE ORIGINAL FINAL ACTUAL (NEGATIVE) REVENUES Ad valorem tax 8,532,600$ 8,532,600$ 8,915,448$ 382,848$ Investment income 75,000 75,000 3,745 (71,255) Total revenues 8,607,600 8,607,600 8,919,193 311,593 EXPENDITURES Debt service: Principal retirement 5,377,101 5,377,101 5,377,101 - Interest and fiscal charges 2,583,271 2,583,271 2,259,386 323,885 Total expenditures 7,960,372 7,960,372 7,636,487 323,885 Excess of revenues over expenditures 647,228 647,228 1,282,706 635,478 NET CHANGE IN FUND BALANCES 647,228 647,228 1,282,706 635,478 FUND BALANCE, BEGINNING OF YEAR 2,159,398 2,159,398 2,159,398 - FUND BALANCE, END OF YEAR 2,806,626$ 2,806,626$ 3,442,104$ 635,478$ BUDGETED AMOUNTS 159 NON-MAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS 76 The Special Revenue Funds account for the proceeds of specific revenue sources (other than major capital projects) that are legally restricted or committed to expenditures for specific purposes. Lake Parks Fund – To account for revenue generated by fees and permits to enter and utilize the park area and facilities located on the eastern shore of Lake Lewisville. Special Events Fund – To account for various special events of the City including Christmas decorations, 4th of July fireworks display, and other special events held by the City. Hotel/Motel Taxes Fund – To account for the receipt and allocation of the City’s hotel/motel occupancy tax. Police Forfeited Fund – To account for the funds granted to the police department that have been awarded by the court. Federal Seized Fund – To account for funds granted to the police department in a revenue sharing agreement with the federal government. Police Seized Fund – To account for funds seized by the police department that are awaiting disposition by the court. Child Safety Fund – To account for child safety fees collected according to state statute to fund the school crossing guard program and other programs designed to enhance child safety, health or nutrition. Storm Water Utility Fund – To account for the revenue and expenses associated with the drainage projects within the City. Court Security Fund – To account for the revenue and expenditures associated with the portion of traffic tickets that have been restricted for the security of the Municipal Court. Court Technology Fund – To account for the revenue and expenditures associated with the portion of traffic tickets restricted for upgrading the technology in the Municipal Court. Keep The Colony Beautiful – To account for revenue and expenditures associated with the City-supported community volunteer program designed to help property owners who can’t maintain their properties due to financial or physical limitations. Citizens Donations Fund – To account for money received from the $1 Add-On Program and the Recycling Rebate Program. This money is restricted for social and community services, public safety citizen programs and beautification projects. Public Improvement District (PID) No.1 – To account for revenues and expenditures related to the City of The Colony Public Improvement District No. 1. Trinity North Medical – To account for revenues and expenditures related to the City of The Colony renting out space in their building that is externally restricted. Pandemic Response – To account for revenues and expenditures related to the City of The Colony’s funding and activity for emergency activity related to the COVID 19 pandemic. Juvenile Case – To account for revenues and expenditures related to the City of The Colony’s juvenile court. 160 CITY OF THE COLONY, TEXAS NON-MAJOR GOVERNMENTAL FUNDS COMBINING BALANCE SHEET SEPTEMBER 30, 2021 77 HOTEL/ POLICE FEDERAL POLICE CHILD LAKE SPECIAL MOTEL FORFEITED SEIZED SEIZED SAFETY PARKS EVENTS TAXES FUND FUND FUND FUND ASSETS Cash and cash equivalents 1,298,689$ 16,289$ 309,282$ 85,662$ 12,935$ 35,546 44,603$ Accounts receivable - - 126,516 - - 49,195 Prepaids - 816 - - - - - TOTAL ASSETS 1,298,689$ 17,105$ 435,798$ 85,662$ 12,935$ 35,546$ 93,798$ LIABILITIES AND FUND BALANCES LIABILITIES Accounts payable and accrued expenses 21,240$ 13,722$ 54,405$ 10,383$ -$ -$ -$ Unearned revenue - - - - - - - TOTAL LIABILITIES 21,240 13,722 54,405 10,383 - - - FUND BALANCES Non spendable - 816 - - - - - Restricted - 2,567 381,393 75,279 12,935 35,546 93,798 Committed 1,277,449 - - - - - - TOTAL FUND BALANCES 1,277,449 3,383 381,393 75,279 12,935 35,546 93,798 TOTAL LIABILITIES AND FUND BALANCES 1,298,689$ 17,105$ 435,798$ 85,662$ 12,935$ 35,546$ 93,798$ SPECIAL REVENUE 161 EXHIBIT C-1 78 TOTAL STORM KEEP THE TRINITY NON-MAJOR WATER COURT COURT COLONY CITIZENS PID NORTH PANDEMIC JUVENILE GOVERNMENTAL UTILITY SECURITY TECHNOLOGY BEAUTIFUL DONATIONS No. 1 MEDICAL RESPONSE CASE FUNDS 953,418$ 284,927$ 621$ 1,997$ 10,138$ 981,884$ 132,115$ 3,065,277$ 106,484$ 7,339,867$ - - - - - - - - - 175,711 - - - - - - - - - 816 953,418$ 284,927$ 621$ 1,997$ 10,138$ 981,884$ 132,115$ 3,065,277$ 106,484$ 7,516,394$ -$ 216$ -$ 162$ -$ 53,007$ -$ -$ -$ 153,135$ - - - - - - - 3,065,205 - 3,065,205 - 216 - 162 - 53,007 - 3,065,205 - 3,218,340 - - - - - - - - - 816 953,418 284,711 621 1,835 10,138 928,877 132,115 72 106,484 3,019,789 - - - - - - - - - 1,277,449 953,418 284,711 621 1,835 10,138 928,877 132,115 72 106,484 4,298,054 953,418$ 284,927$ 621$ 1,997$ 10,138$ 981,884$ 132,115$ 3,065,277$ 106,484$ 7,516,394$ SPECIAL REVENUE 162 CITY OF THE COLONY, TEXAS NON-MAJOR GOVERNMENTAL FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED SEPTEMBER 30, 2021 79 HOTEL/ POLICE FEDERAL POLICE CHILD LAKE SPECIAL MOTEL FORFEITED SEIZED SEIZED SAFETY PARKS EVENTS TAXES FUND FUND FUND FUND REVENUES Licenses and permits 505,630$ -$ -$ -$ -$ -$ -$ Property and other taxes - - - - - - - Fines and forfeitures - - - 3,354 - 73,138 - Charges for services - - - - - - - Hotel / motel taxes - - 1,044,987 - - - - Gifts and contributions 287,320 - - - - - - Grants - - - - - - 50,952 Investment income - - - 1 1 27 - Miscellaneous - 30,206 - - - - - Total revenues 792,950 30,206 1,044,987 3,355 1 73,165 50,952 EXPENDITURES Current: General government - - - - - - - Culture and recreation 255,897 557,739 1,924,998 - - - - Public works - - - - - - - Public safety - - - 24,410 - - 30,534 Capital outlay 276,073 - 5,697 - - - - Total expenditures 531,970 557,739 1,930,695 24,410 - - 30,534 Excess (deficiency) of revenues over (under) expenditures 260,980 (527,533) (885,708) (21,055) 1 73,165 20,418 OTHER FINANCING SOURCES (USES) Transfers from other funds - 490,000 115,000 56,271 - - - Transfers to other funds (35,000) - (450,000) - - (56,271) (10,000) Total other financing sources (uses)(35,000) 490,000 (335,000) 56,271 - (56,271) (10,000) NET CHANGE IN FUND BALANCES 225,980 (37,533) (1,220,708) 35,216 1 16,894 10,418 FUND BALANCES, BEGINNING OF YEAR 1,051,469 40,916 1,602,101 40,063 12,934 18,652 83,380 FUND BALANCES, END OF YEAR 1,277,449$ 3,383$ 381,393$ 75,279$ 12,935$ 35,546$ 93,798$ SPECIAL REVENUE 163 EXHIBIT C-2 80 TOTAL STORM KEEP THE TRINITY NON-MAJOR WATER COURT COURT COLONY CITIZENS PID NORTH PANDEMIC JUVENILE GOVERNMENTAL UTILITY SECURITY TECHNOLOGY BEAUTIFUL DONATIONS No. 1 MEDICAL RESPONSE CASE FUNDS 1,249,540 -$ -$ -$ -$ -$ -$ -$ -$ 1,755,170$ - - - - - 3,394 - - - 3,394 - 20,414 16,813 - - - - - - 113,719 - - - - - 1,672,426 - - 47,248 1,719,674 - - - - - - - - - 1,044,987 - - - - 288 - - - - 287,608 - - - - - - - - - 50,952 - - - - - 722 - 72 - 823 - - - - - - 200,730 - - 230,936 1,249,540 20,414 16,813 - 288 1,676,542 200,730 72 47,248 5,207,263 - - - - - 1,051,167 110,117 - 7,125 1,168,409 - - - - - - - - - 2,738,634 36,577 - - 4,863 - - - - - 41,440 - 2,282 53,551 - - - - 300 - 111,077 1,259,243 - - - - - - - - 1,541,013 1,295,820 2,282 53,551 4,863 - 1,051,167 110,117 300 7,125 5,600,573 (46,280) 18,132 (36,738) (4,863) 288 625,375 90,613 (228) 40,123 (393,310) - - - - - - 20,000 - - 681,271 (150,000) - - - - - - - - (701,271) (150,000) - - - - - 20,000 - - (20,000) (196,280) 18,132 (36,738) (4,863) 288 625,375 110,613 (228) 40,123 (413,310) 1,149,698 266,579 37,359 6,698 9,850 303,502 21,502 300 66,361 4,711,364 953,418$ 284,711$ 621$ 1,835$ 10,138$ 928,877$ 132,115$ 72$ 106,484$ 4,298,054$ SPECIAL REVENUE 164 EXHIBIT C-3 CITY OF THE COLONY LAKE PARKS SPECIAL REVENUE FUND BUDGETARY COMPARISON SCHEDULE FOR THE YEAR ENDED SEPTEMBER 30, 2021 81 VARIANCE WITH FINAL BUDGET POSITIVE ORIGINAL FINAL ACTUAL (NEGATIVE) REVENUES Licenses and permits 251,000$ 251,000$ 505,630$ 254,630$ Development contributions 100,000 100,000 287,320 187,320 Total revenues 351,000 351,000 792,950 441,950 EXPENDITURES Culture and recreation 184,647 292,400 255,897 36,503 Capital outlay 459,299 466,545 276,073 190,472 Total expenditures 643,946 758,945 531,970 226,975 Excess (deficiency) of revenues over (under) expenditures (292,946) (407,945) 260,980 668,925 OTHER FINANCING USES Transfers to other funds - - (35,000) (35,000) Total other financing uses - - (35,000) (35,000) NET CHANGE IN FUND BALANCES (292,946) (407,945) 225,980 633,925 FUND BALANCE, BEGINNING OF YEAR 1,051,469 1,051,469 1,051,469 - FUND BALANCE, END OF YEAR 758,523$ 643,524$ 1,277,449$ 633,925$ BUDGETED AMOUNTS 165 EXHIBIT C-4 CITY OF THE COLONY SPECIAL EVENTS SPECIAL REVENUE FUND BUDGETARY COMPARISON SCHEDULE FOR THE YEAR ENDED SEPTEMBER 30, 2021 82 VARIANCE WITH FINAL BUDGET POSITIVE ORIGINAL FINAL ACTUAL (NEGATIVE) REVENUES Miscellaneous 62,000$ 62,000$ 30,206$ (31,794)$ Total revenues 62,000 62,000 30,206 (31,794) EXPENDITURES Culture and recreation 592,390 592,390 557,739 34,651 Total expenditures 592,390 592,390 557,739 34,651 Excess (deficiency) of revenues over (under) expenditures (530,390) (530,390) (527,533) 2,857 OTHER FINANING SOURCES Transfers from other funds 490,000 490,000 490,000 - Total other financing sources 490,000 490,000 490,000 - NET CHANGE IN FUND BALANCES (40,390) (40,390) (37,533) 2,857 FUND BALANCE, BEGINNING OF YEAR 40,916 40,916 40,916 - FUND BALANCE, END OF YEAR 526$ 526$ 3,383$ 2,857$ BUDGETED AMOUNTS 166 EXHIBIT C-5 CITY OF THE COLONY HOTEL/MOTEL TAXES SPECIAL REVENUE FUND BUDGETARY COMPARISON SCHEDULE FOR THE YEAR ENDED SEPTEMBER 30, 2021 83 VARIANCE WITH FINAL BUDGET POSITIVE ORIGINAL FINAL ACTUAL (NEGATIVE) REVENUES Hotel / motel taxes 900,000$ 900,000$ 1,044,987$ 144,987$ Total revenues 900,000 900,000 1,044,987 144,987 EXPENDITURES Culture and recreation 1,106,767 1,123,129 1,924,998 (801,869) Capital outlay - - 5,697 (5,697) Total expenditures 1,106,767 1,123,129 1,930,695 (807,566) Deficiency of revenues under expenditures (206,767) (223,129) (885,708) (662,579) OTHER FINANCING SOURCES (USES) Transfers from other funds 115,000 115,000 115,000 - Transfers to other funds (450,000) (450,000) (450,000) - Total other financing sources (uses)(335,000) (335,000) (335,000) - NET CHANGE IN FUND BALANCES (541,767) (558,129) (1,220,708) (662,579) FUND BALANCE, BEGINNING OF YEAR 1,602,101 1,602,101 1,602,101 - FUND BALANCE, END OF YEAR 1,060,334$ 1,043,972$ 381,393$ (662,579)$ BUDGETED AMOUNTS 167 EXHIBIT C-6 CITY OF THE COLONY CHILD SAFETY SPECIAL REVENUE FUND BUDGETARY COMPARISON SCHEDULE FOR THE YEAR ENDED SEPTEMBER 30, 2021 84 VARIANCE WITH FINAL BUDGET POSITIVE ORIGINAL FINAL ACTUAL (NEGATIVE) REVENUES Grants 50,000$ 50,000$ 50,952$ 952$ Total revenues 50,000 50,000 50,952 952 EXPENDITURES Public safety 30,535 30,535 30,534 1 Total expenditures 30,535 30,535 30,534 1 Excess of revenues over expenditures 19,465 19,465 20,418 953 OTHER FINANCING USES Transfers to other funds (10,000) (10,000) (10,000) - Total other financing uses (10,000) (10,000) (10,000) - NET CHANGE IN FUND BALANCES 9,465 9,465 10,418 953 FUND BALANCE, BEGINNING OF YEAR 83,380 83,380 83,380 - FUND BALANCE, END OF YEAR 92,845$ 92,845$ 93,798$ 953$ BUDGETED AMOUNTS 168 EXHIBIT C-7 CITY OF THE COLONY STORM WATER UTILITY SPECIAL REVENUE FUND BUDGETARY COMPARISON SCHEDULE FOR THE YEAR ENDED SEPTEMBER 30, 2021 85 VARIANCE WITH FINAL BUDGET POSITIVE ORIGINAL FINAL ACTUAL (NEGATIVE) REVENUES Licenses and permits 650,000$ 650,000$ 1,249,540$ 599,540$ Total revenues 650,000 650,000 1,249,540 599,540 EXPENDITURES Public works 450,000 1,325,901 36,577 1,289,324 Capital outlay 1,500,000 1,565,023 1,259,243 305,780 Total expenditures 1,950,000 2,890,924 1,295,820 1,595,104 Excess (deficiency) of revenues over (under) expenditures (1,300,000) (2,240,924) (46,280) 2,194,644 OTHER FINANCING USES Transfers to other funds (150,000) (150,000) (150,000) - Total other financing uses (150,000) (150,000) (150,000) - NET CHANGE IN FUND BALANCES (1,450,000) (2,390,924) (196,280) 2,194,644 FUND BALANCE, BEGINNING OF YEAR 1,149,698 1,149,698 1,149,698 - FUND BALANCE, END OF YEAR (300,302)$ (1,241,226)$ 953,418$ 2,194,644$ BUDGETED AMOUNTS 169 86 DISCRETELY PRESENTED COMPONENT UNITS The Colony Economic Development Corporation (TCEDC) – TCEDC is a legally separate entity from the City and was organized exclusively for the public purposes of the promotion and development of new and expanded business enterprises to provide and encourage employment in the furtherance of public welfare. The Colony Community Development Corporation (TCCDC) – TCCDC is a legally separate entity from the City and was organized for the purpose of the promotion of economic development by developing, implementing, and financing projects under the Development Corporation Act of 1979. The Colony Local Development Corporation (TCLDC) – The TCLDC is a legally separate entity from the City and was organized exclusively for the purpose of serving as the primary governing body for the funding of the Tax Increment Reinvestment Zone Number One public infrastructure between the City and NFM Services. 170 EXHIBIT F-1 CITY OF THE COLONY, TEXAS THE COLONY ECONOMIC DEVELOPMENT CORPORATION BALANCE SHEET SEPTEMBER 30, 2021 87 ASSETS Cash and cash equivalents 12,822,889$ Sales tax receivable 1,909,821 Restricted assets: Cash and cash equivalents 8,106,470 Total assets 22,839,180$ LIABILITIES AND FUND BALANCES LIABILITIES Accounts payable 1,331,883$ Total liabilities 1,331,883 FUND BALANCES Restricted for: Construction 1,737,859 Unassigned 19,769,438 Total fund balance 21,507,297 Total liabilities and fund balances 22,839,180$ 171 EXHIBIT F-2 CITY OF THE COLONY, TEXAS THE COLONY ECONOMIC DEVELOPMENT CORPORATION RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2021 88 Total fund balances - governmental funds 21,507,297$ Amounts reported for governmental activities in the statement of net position are different because: Capital assets (net of accumulated depreciation) used in governmental activities are not current financial resources and therefore are not reported in the governmental funds balance sheet. 6,355,178 Interest payable on long term debt does not require current financial resources, therefore, interest payable is not reported as a liability in the governmental funds balance sheet.(1,046,308) Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the fund financial statements. Long-term liabilities at year-end consist of: Bonds payable (33,885,000) Compensated absences (95,576) Discount on issuance of debt 1,475,018 Net position of governmental activities (5,689,391)$ 172 EXHIBIT F-3 CITY OF THE COLONY, TEXAS THE COLONY ECONOMIC DEVELOPMENT CORPORATION STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED SEPTEMBER 30, 2021 89 REVENUES Municipal sales tax 8,669,463$ Investment income 7,179 Total revenues 8,676,642 EXPENDITURES Current: Economic development 1,790,601 Debt service: Principal retirement 730,000 Interest and fiscal charges 2,256,688 Total expenditures 4,777,289 Excess of revenues over expenditures 3,899,353 NET CHANGE IN FUND BALANCES 3,899,353 FUND BALANCES, BEGINNING OF YEAR 17,607,944 FUND BALANCES, END OF YEAR 21,507,297$ 173 EXHIBIT F-4 CITY OF THE COLONY, TEXAS THE COLONY ECONOMIC DEVELOPMENT CORPORATION RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2021 90 Net change in fund balances - total governmental funds 3,899,353$ Amounts reported for governmental activities in the statement of activities are different because: Current year amortization of discounts that does not require the use of current financial resources; and, therefore, not reported as expenditures in governmental funds. (67,046) Current year changes in accrued compensated absences do not require the use of current financial resources; and, therefore, are not reported as expenditures in governmental funds. (1,419) Current year principal payments on long-term debt are recorded as expenditures in the fund financial statements, but are reflected as reductions of the liability for long-term debt in the government-wide financial statements. 730,000 Current year changes in accrued interest payable do not require the use of current financial resources; therefore, are not reported as expenditures in governmental funds. 13,230 Change in Net Position of Governmental activities 4,574,118$ 174 EXHIBIT F-5 CITY OF THE COLONY, TEXAS THE COLONY COMMUNITY DEVELOPMENT CORPORATION BALANCE SHEET SEPTEMBER 30, 2021 91 ASSETS Cash and cash equivalents 6,068,394$ Sales tax receivable 1,909,821 Prepaid items 189 Restricted assets: Cash and cash equivalents 8,109,721 Total assets 16,088,125$ LIABILITIES Accounts payable 1,327,936$ Total liabilities 1,327,936 FUND BALANCE Unassigned 14,760,189 Total fund balance 14,760,189 Total liabilities and fund balance 16,088,125$ 175 EXHIBIT F-6 CITY OF THE COLONY, TEXAS THE COLONY COMMUNITY DEVELOPMENT CORPORATION RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2021 92 Total fund balances - governmental funds 14,760,189$ Amounts reported for governmental activities in the statement of net position are different because: Interest payable on long term debt does not require current financial resources, therefore interest payable is not reported as a liability in the governmental funds balance sheet.(1,021,413) Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the fund financial statements. Long-term liabilities at year end consist of: Bonds payable (28,335,000) Discount on issuance of debt 1,475,017 Net position of governmental activities (13,121,207)$ 176 EXHIBIT F-7 CITY OF THE COLONY, TEXAS THE COLONY COMMUNITY DEVELOPMENT CORPORATION STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED SEPTEMBER 30, 2021 93 REVENUES Municipal sales tax 8,669,463$ Investment income 5,399 Miscellaneous 1,000 Total revenues 8,675,862 EXPENDITURES Current: Economic development 961,551 Debt service: Principal retirement 325,000 Interest and fiscal charges 2,054,200 Total expenditures 3,340,751 Excess of revenues over expenditures 5,335,111 FUND BALANCE, BEGINNING OF YEAR 9,425,078 FUND BALANCE, END OF YEAR 14,760,189$ 177 EXHIBIT F-8 CITY OF THE COLONY, TEXAS THE COLONY COMMUNITY DEVELOPMENT CORPORATION RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2021 94 Net change in fund balances - total governmental funds 5,335,111$ Amounts reported for governmental activities in the statement of activities are different because: Current year principal payments on long-term debt are recorded as expenditures in the fund financial statements, but are reflected as reductions of the liability for long-term debt in the government-wide financial statements. 325,000 Current year amortization of the costs of discounts on debt iss uance does not require the use of current financial resources; and, therefore, not reported as expenditures in governmental funds. (67,046) Current year changes in accrued interest payable do not require the use of current financial resources; and, therefore, are not reported as expenditures in governmental funds. 11,375 Change in Net Position of Governmental activities 5,604,440$ 178 EXHIBIT F-9 CITY OF THE COLONY, TEXAS THE COLONY LOCAL DEVELOPMENT CORPORATION BALANCE SHEET SEPTEMBER 30, 2021 95 ASSETS Restricted cash and cash equivalents 16,460,643$ Total assets 16,460,643$ LIABILITIES Accounts payable and accrued expenses 10,000$ Total liabilities 10,000 FUND BALANCE Restricted for: Construction (12,635,069) Unrestricted 29,085,712 Total fund balance 16,450,643 Total liabilities and fund balance 16,460,643$ 179 EXHIBIT F-10 CITY OF THE COLONY, TEXAS THE COLONY LOCAL DEVELOPMENT CORPORATION RECONCILITATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2021 96 Total fund balance - governmental fund 16,450,643$ Amounts reported for governmental activities in the statement of net position are different because: Capital assets (net of accumulated depreciation) used in governmental activities are not current financial resources and, therefore, are not reported in the governmental funds balance sheet. 22,321,911 Interest payable on long term debt does not require current financial resources; therefore, interest payable is not reported as a liability in the governmental funds balance sheet.(3,343,586) Prepaid insurance costs associated with the issuance of bonds are recorded as expenditures at the time of issuance in the governmental funds financial statements. In the government- wide financial statements, these costs are recorded as an asset and amortized into expense over the life of the debt. 3,713,607 Long-term liabilities, including bonds payable, are not due and payable in the current period and, therefore, are not reported in the fund financial statements. Long-term liabilities at year end consist of: Bonds payable (141,425,000) Deferred loss on refunding 387,300 Discount on issuance of debt 28,804 Net position for governmental activities (101,866,321)$ 180 EXHIBIT F-11 CITY OF THE COLONY, TEXAS THE COLONY LOCAL DEVELOPMENT CORPORATION STATEMENT OF REVENUES, EXPENDITURES AND CHANGE IN FUND BALANCES FOR THE YEAR ENDED SEPTEMBER 30, 2021 97 REVENUES Intergovernmental 1,864,926$ Municipal sales tax 8,214,324 Investment income 1,289 Total revenues 10,080,539 EXPENDITURES Current: General government 170,067 Economic development 7,000 Debt services: Principal retirement 3,010,158 Interest and fiscal charges 7,338,427 Cost of issuance 745,326 Total expenditures 11,270,978 Deficiency of revenues under expenditures (1,190,439) Other Financial Sources (Uses) 20,545,000 Refunding debt issued Payments to bond escrow agent (18,367,142) Total other financing sources (uses)2,177,858 NET CHANGE IN FUND BALANCE 987,419 FUND BALANCE, BEGINNING OF YEAR 15,463,224 FUND BALANCE, END OF YEAR 16,450,643$ 181 EXHIBIT F-12 CITY OF THE COLONY, TEXAS THE COLONY LOCAL DEVELOPMENT CORPORATION RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGE IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2021 98 Net change in fund balances - Local Development Corporation 987,419$ Amounts reported for governmental activities in the statement of activities are different because: Current year amortization of the costs of discounts on debt iss uance does not require the use of current financial resources; and, therefore, not reported as expenditures in governmental funds.(2,033) Contributions of capital assets are not recorded in the governm ental funds financial statements but they are recorded as an expense which reduces net position in the statement of activities. The issuance of long-term debt (e.g bonds) provides current financial resources of funds, while the repayment of the principal of long-term consumes the current financial resources. The amount is the net effect of these differences in the treatm ent of long-term debt and related items. Bond principal 3,010,158 Bond Issuance (20,545,000) Payments made to escrow agent to refund debt 18,367,142 Amortization of prepaid insurance on bonds (142,831) Current year changes in accrued interest payable do not require the use of current financial resources; and, therefore, are not reported as expenditures in governmental funds. 375,016 Change in net position of governmental activities 2,049,871$ 182 . 183 STATISTICAL SECTION 184 185 99 STATISTICAL SECTION (Unaudited) The City of the Colony’s annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City’s overall financial health. Tables Financial Trends These Schedules contain trend information to help the reader understand how the City's financial performance and well-being have changed over time. 1-4 Revenue Capacity These schedules present information to help the reader assess the City's most significant local revenue source, the property tax. 5-8 Debt Capacity These schedules present information to help the reader assess t he affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the future. 9-13 Demographic These schedules offer demographic and economic indicators to and Economic help the reader understand the environment within which the Indicators City's financial activities take place. 14-16 Operating These schedules contain service and infrastructure data to help Information the reader understand how the information in the City's financial report relate to the services the City provides and the activities it performs. 17-18 186 CITY OF THE COLONY, TEXAS NET POSITION BY COMPONENT ACCRUAL BASIS OF ACCOUNTING LAST TEN FISCAL YEARS (UNAUDITED) 100 2012 2013 2014 2015 Governmental activities Net investment in capital assets 124,203,756$ 138,322,067$ 192,477,376$ 192,477,376$ Restricted for: Debt service 616,551 491,954 1,257,148 1,257,148 Construction - - 367,397 367,397 Government funded construction costs 18,841,254 36,282,548 578,825 578,825 Other - - 1,014,418.00 1,014,418 Unrestricted 18,856,491 8,376,946 10,388,094 10,388,094 Total governmental activities net position 162,518,052$ 183,473,515$ 206,083,258$ 206,083,258$ Business-type activities Net investment in capital assets 34,435,853$ 35,059,168$ 40,490,252$ 40,490,252$ Restricted for: Debt service 1,630,663 1,630,805 - - Construction - - 1,333,988 1,333,988 Government funded construction costs - - - - Unrestricted 6,214,403 4,984,955 3,890,445 3,890,445 Total business-type activities net position 42,280,919$ 41,674,928$ 45,714,685$ 45,714,685$ Primary government Net investment in capital assets 158,639,609$ 173,381,235$ 232,967,628$ 232,967,628$ Restricted for: Debt service 2,247,214 2,122,759 1,257,148 1,257,148 Construction - - 1,701,385.00 1,701,385 Governmental funded construction costs 18,841,254 36,282,548 578,825 578,825 Other - - 1,014,418.00 1,014,418 Unrestricted 25,070,894 13,361,901 14,278,539 14,278,539 Total primary governmental net position 204,798,971$ 225,148,443$ 251,797,943$ 251,797,943$ Source: Annual Comprehensive Financial Report Fiscal Year 187 TABLE 1 101 2016 2017 2018 2019 2020 2021 216,941,085$ 204,138,146$ 193,724,440$ 197,783,498$ 198,340,131$ 200,374,394$ 1,826,579 1,027,528 902,127 863,999 1,802,592 3,183,352 367,397 367,397 - - - - 791,860 1,729,804 4,716,830 4,538,583 6,866,640 4,130,506 1,264,226 1,684,065 2,313,497 3,694,856 3,659,079 5,405,009 17,693,194 8,666,844 8,704,028 5,535,911 8,170,872 10,102,289 238,884,341$ 217,613,784$ 210,360,922$ 212,416,847$ 218,839,314$ 223,195,550$ 25,654,373$ 97,282,865$ 103,990,659$ 103,881,697$ 105,088,143$ 105,104,266$ - - - - - - 1,413,437 2,323,551 - - - - - - 2,482,944 2,039,020 1,704,315 1,074,088 17,934,272 2,128,657 4,887,549 7,666,343 6,525,997 6,542,891 45,002,082$ 101,735,073$ 111,361,152$ 113,587,060$ 113,318,455$ 112,721,245$ 242,595,458$ 301,421,011$ 297,715,099$ 301,665,195$ 303,428,274$ 305,478,660$ 1,826,579 1,027,528 902,127 863,999 1,802,592 3,183,352 1,780,834 2,690,948 - - - - 791,860 1,729,804 7,199,774 6,577,603 8,570,955 5,204,594 1,264,226 1,684,065 2,313,497 3,694,856 3,659,079 5,405,009 35,627,466 10,795,501 13,591,577 13,202,254 14,696,869 16,645,180 283,886,423$ 319,348,857$ 321,722,074$ 326,003,907$ 332,157,769$ 335,916,795$ Fiscal Year 188 CITY OF THE COLONY, TEXAS CHANGES IN NET POSITION ACCRUAL BASIS OF ACCOUNTING LAST TEN FISCAL YEARS (UNAUDITED) 102 2012 2013 2014 2015 Expenses Governmental activities: General government 5,088,732$ 5,376,865$ 4,657,245$ 8,498,744$ Public safety 13,033,809 13,307,649 14,111,478 13,702,805 Public works 6,540,099 5,901,952 6,365,189 6,634,461 Culture and recreation 4,383,077 4,603,345 4,861,085 4,945,616 Interest on Long-term Debt 2,262,515 1,718,298 1,615,808 1,552,854 Total governmental activities expenses 31,308,232 30,908,109 31,610,805 35,334,480 Business-type activities: Water and sewer 13,262,154 14,009,946 14,046,013 15,332,384 Total business-type activities expenses 13,262,154 14,009,946 14,046,013 15,332,384 Total primary government expenses 44,570,386$ 44,918,055$ 45,656,818$ 50,666,864$ Program Revenues Governmental activities: Charges for Services: General government 1,382,069$ 1,820,291$ 817,907$ 677,339$ Public safety 1,467,787 1,269,844 1,909,552 1,621,361 Public works - - 1,734,579.00 3,308,308 Culture and recreation 691,786 1,249,298 738,844 758,969 Operating grants and contributions 14,574,876 22,019,655 2,673,886 5,712,865 Capital grants and contributions 2,766,960 2,899,255 8,730,508 11,365,061 Total governmental activities program revenues 20,883,478 29,258,343 16,605,276 23,443,903 Business-type activities: Charges for Services: Water and sewer 13,646,312 13,579,477 14,406,435 15,210,296 Operating grants and contributions - - 51,745.00 306,999 Capital grants and contributions 676,404 1,338,003 1,572,935 5,055,328 Total business-type activities program revenues 14,322,716 14,917,480 16,031,115 20,572,623 Total primary government program revenues 35,206,194$ 44,175,823$ 32,636,391$ 44,016,526$ Net (Expenses) Revenues Governmental activities (10,424,754)$ (1,649,766)$ (15,005,529)$ (11,890,577)$ Business-type activities 1,060,562 907,534 1,985,102 5,240,239 Total primary government net expenses (9,364,192)$ (742,232)$ (13,020,427)$ (6,650,338)$ Source: Annual Comprehensive Financial Report Fiscal Year 189 TABLE 2 103 2016 2017 2018 2019 2020 2021 11,225,704$ 13,083,945$ 17,442,292$ 15,928,203$ 14,646,729$ 15,835,564$ 17,950,628 19,078,137 19,917,944 24,524,067 24,600,147 25,340,611 6,601,440 33,589,099 15,129,445 9,100,156 8,179,035 10,425,482 5,171,748 5,504,249 6,011,423 6,377,301 5,979,977 7,818,786 1,390,574 1,731,842 1,729,008 2,254,447 1,717,586 1,825,404 42,340,094 72,987,272 60,230,112 58,184,174 55,123,474 61,245,847 16,750,973 19,040,918 19,670,658 20,447,636 23,452,375 27,240,190 16,750,973 19,040,918 19,670,658 20,447,636 23,452,375 27,240,190 59,091,067$ 92,028,190$ 79,900,770$ 78,631,810$ 78,575,849$ 88,486,037$ 3,608,782$ 1,927,505$ 2,389,337$ 2,655,534$ 2,354,343$ 3,273,887$ 1,546,836 1,643,454 1,966,757 1,906,360 1,785,388 2,062,419 2,213,005 2,292,974 2,245,868 2,045,067 1,790,935 1,558,430 764,819 813,238 821,582 859,582 450,878 888,746 3,268,620 2,641,513 103,553 1,846,995 2,779,572 352,792 25,670,242 10,303,953 10,158,807 5,869,468 5,086,196 6,233,192 37,072,304 19,622,637 17,685,904 15,183,006 14,247,312 14,369,466 15,959,047 17,724,046 20,009,706 18,885,913 20,656,614 22,386,290 307,161 306,545 - - - - 6,426,313 53,449,568 3,622,560 2,663,115 2,283,690 3,836,581 22,692,521 71,480,159 23,632,266 21,549,028 22,940,304 26,222,871 59,764,825$ 91,102,796$ 41,318,170$ 36,732,034$ 37,187,616$ 40,592,337$ (5,267,790)$ (53,364,635)$ (42,544,208)$ (43,001,168)$ (40,876,162)$ (46,876,381)$ 5,941,548 52,439,241 3,961,608 1,101,392 (512,071) (1,017,319) 673,758$ (925,394)$ (38,582,600)$ (41,899,776)$ (41,388,233)$ (47,893,700)$ Fiscal Year 190 CITY OF THE COLONY, TEXAS CHANGES IN NET POSITION ACCRUAL BASIS OF ACCOUNTING LAST TEN FISCAL YEARS (UNAUDITED) 104 2012 2013 2014 2015 General Revenues and Other Changes in Net Position Governmental activities: Taxes: Property taxes 14,797,974$ 14,926,095$ 15,561,110$ 17,277,344$ Sales taxes 3,655,111 4,098,458 4,452,674 5,294,228 Franchise taxes 3,104,073 2,205,461 2,415,524 2,672,475 Hotel motel taxes 370,798 425,177 473,743 525,449 Penalties and interest 155,272 98,147 58,769 130,513 Interest on investments 50,088 43,567 19,516 19,660 Miscellaneous - 501,649 706,755 763,871 Transfers 1,247,859 1,282,318 652,385 2,004,806 Total governmental activities 23,381,175 23,580,872 24,340,476 28,688,346 Business-type activities: Interest on investments 16,263 8,093 3,056 14,125 Miscellaneous 194,729 441,338 - - Transfers (1,247,859) (1,282,318) (652,385) (2,004,806) Total business-type activities (1,036,867) (832,887) (649,329) (1,990,681) Total primary government 22,344,308 22,747,985 23,691,147 26,697,665 Change in Net Position Governmental activities 21,731,409 8,575,343 12,449,899 23,420,556 Business-type activities (129,333) 1,152,215 4,590,910 3,950,867 Total primary government 21,602,076$ 9,727,558$ 17,040,809$ 27,371,423$ Source: Annual Comprehensive Financial Report Note: Significant decrease in public works expense in FY2018 due to prior year $26 million contribution of capital assets to Texas Department of Transportation. Fiscal Year 191 TABLE 2 – CONT’D 105 2016 2017 2018 2019 2020 2021 21,204,646$ 24,719,070$ 27,584,526$ 31,092,818$ 34,456,249$ 36,510,300$ 5,736,997 6,357,581 7,100,104 8,090,511 7,442,947 9,721,676 2,527,792 2,609,706 2,705,950 2,737,190 2,765,433 2,517,283 668,011 1,275,280 1,525,722 1,532,041 849,664 1,044,987 294,798 125,543 133,895 108,472 114,898 96,423 102,126 256,672 729,690 1,075,171 429,498 26,889 792,311 838,429 1,521,033 895,376 1,236,307 1,715,059 6,742,192 (4,088,203) (5,397,569) (474,486) 3,633 (400,000) 38,068,873 32,094,078 35,903,351 45,057,093 47,298,629 51,232,617 88,041 205,547 356,102 650,030 247,099 20,069 - - - - - - (6,742,192) 4,088,203 5,397,569 474,486 (3,633) 400,000 (6,654,151) 4,293,750 5,753,671 1,124,516 243,466 420,069 31,414,722 36,387,828 41,657,022 46,181,609 47,542,095 51,652,686 32,801,083 (10,450,130) (7,097,817) (1,109,507) 6,422,467 4,356,236 (712,603) 8,255,358 6,855,063 107,197 (268,605) (597,250) 32,088,480$ (2,194,772)$ (242,754)$ (1,002,310)$ 6,153,862$ 3,758,986$ Fiscal Year 192 CITY OF THE COLONY, TEXAS FUND BALANCES, GOVERNMENTAL FUNDS (MODIFIED ACCRUAL BASIS OF ACCOUNTING) LAST TEN FISCAL YEARS (UNAUDITED) 106 2012 2013 2014 2015 General Fund Restricted for tourism -$ -$ -$ -$ Restricted for capital projects - - 367,397 367,397 Nonspendable 112,876 99,785 87,434 109,169 Unassigned 7,407,174 8,307,886 10,458,525 12,622,396 Total general fund 7,520,050$ 8,407,671$ 10,913,356$ 13,098,962$ All Other Governmental Funds Restricted for: Capital Projects 30,118,151$ 38,356,081$ 12,241,468$ 3,284,839$ Debt Service 616,551 491,954 650,022 1,390,478 Other 901,645 915,493 1,014,418 801,546 Committed 268,589 422,302 4,208,038 5,566,517 Nonspendable - - - - Unassigned - - - (1,230,851) Total all other governmental funds 31,904,936$ 40,185,830$ 18,113,946$ 9,812,529$ Source: Annual Comprehensive Financial Report Fiscal Year 193 TABLE 3 107 2016 2017 2018 2019 2020 2021 -$ -$ -$ -$ -$ 2,385,220$ 367,397 367,397 - - - - 284,122 313,070 110,389 295,737 527,373 705,043 13,275,540 13,503,540 14,396,285 15,213,908 18,686,206 19,835,324 13,927,059$ 14,184,007$ 14,506,674$ 15,509,645$ 19,213,579$ 22,925,587$ 790,306$ 1,729,804$ 20,717,454$ 18,082,244$ 19,229,949$ 20,344,096$ 1,922,262 1,133,536 1,159,562 1,183,290 2,159,398 3,442,104 1,261,149 1,681,336 2,313,497 3,694,856 3,659,079 3,019,789 10,688,119 11,099,306 1,386,721 963,305 1,051,469 1,277,449 5,565.00 5,294 931 13,532 1,032 1,032 - - - (20,716) - - 14,667,401$ 15,649,276$ 25,578,165$ 23,916,511$ 26,100,927$ 28,084,470$ Fiscal Year 194 CITY OF THE COLONY, TEXAS CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS (MODIFIED ACCRUAL BASIS OF ACCOUNTING) LAST TEN FISCAL YEARS (UNAUDITED) 108 2012 2013 2014 2015 REVENUES Ad valorem taxes, penalties and interest 15,002,544$ 14,935,642$ 15,487,211$ 17,708,151$ Franchise taxes 2,266,213 2,205,461 2,415,524 2,672,475 Municipal sales tax 3,655,111 4,098,458 4,452,674 5,294,228 Licenses and permits 1,382,069 1,820,291 2,548,914 4,076,413 Charges for services 998,347 1,249,298 1,308,917 1,248,868 Fines and forfeitures 1,161,226 1,269,844 1,343,051 1,040,696 Grants 232,186 465,057 309,622 326,685 Gifts and contributions 1,899,880 2,175,919 2,700,591 5,881,783 Hotel / motel taxes 370,798 425,177 473,473 525,449 Capital recovery fees 14,574,876 21,519,655 6,712,194 1,090,071 Interest earned 50,088 43,567 19,516 19,660 Miscellaneous 837,860 501,649 706,755 770,156 Total revenues 42,431,198 50,710,018 38,478,442 40,654,635 EXPENDITURES Current General government 4,068,715 4,264,620 3,956,996 4,738,905 Public safety 12,277,603 12,374,865 12,797,691 13,950,864 Public works 7,156,968 2,001,302 2,181,484 3,204,557 Cultural and recreation 4,561,579 4,155,473 4,233,864 4,435,393 Fleet replacement Economic development Capital Outlay 109,838 16,283,998 30,700,864 20,723,176 Debt Service: Principal retirement 4,434,919 4,195,250 4,066,150 4,255,146 Interest and fiscal charges 2,245,051 1,550,643 1,647,599 1,638,941 Other debt service costs 140,574 117,838 25,169 55,015 Total expenditures 34,995,247 44,943,989 59,609,817 53,001,997 Excess (deficiency) of revenues over (under) expenditures 7,435,951 5,766,029 (21,131,375) (12,347,362) OTHER FINANCING SOURCES (USES) Issuance of debt - 2,073,533 - 3,040,800 Issuance of refunding debt 6,056,900 2,795,693 - - Payment of escrow for refunding debt (6,076,552) (3,120,000) - - Premium on issuance of debt 160,226 370,942 - 250,945 Proceeds from sale of capital assets - - - 935,000 Transfers from other funds 7,190,015 2,754,588 3,718,125 5,277,829 Transfers to other funds (5,632,816) (1,472,270) (2,153,219) (3,273,023) Total other financing sources (uses)1,697,773 3,402,486 1,564,906 6,231,551 NET CHANGE IN FUND BALANCES 9,133,724$ 9,168,515$ (19,566,469)$ (6,115,811)$ Debt service as a percentage of noncapital expenditures 19.6% 20.6% 19.8% 17.8% Source: Annual Comprehensive Financial Report Fiscal Year 195 TABLE 4 109 2016 2017 2018 2019 2020 2021 21,257,383$ 24,665,737$ 28,073,387$ 31,208,682$ 34,517,810$ 36,550,929$ 2,527,792 2,609,706 2,705,950 2,737,190 2,765,433 2,517,283 5,736,997 6,357,581 7,100,104 8,090,511 7,442,947 9,721,676 3,113,013 3,150,756 3,183,516 3,328,364 3,203,525 3,259,282 4,150,248 2,672,368 3,245,584 3,267,327 2,478,974 3,687,233 870,181 854,047 984,744 891,132 704,360 836,303 316,672 412,631 102,554 339,562 2,779,166 352,504 3,252,323 2,445,113 4,712,701 3,686,808 3,889,559 1,242,904 668,011 1,275,280 1,525,722 1,532,041 849,664 1,044,987 2,518,123 1,495,213 905,300 856,880 - - 102,126 256,672 729,690 1,075,171 429,498 26,889 792,311 838,429 1,521,033 2,982,496 1,236,607 1,715,059 45,305,180 47,033,533 54,790,285 59,996,164 60,297,543 60,955,049 7,739,892 9,005,102 12,787,913 12,251,044 10,433,755 11,603,911 15,162,864 16,904,990 18,538,271 22,225,377 22,666,732 24,504,443 3,480,223 4,119,371 3,955,801 5,312,936 4,599,940 6,243,114 4,473,519 4,803,444 5,370,608 5,621,488 5,105,872 7,035,533 9,801,947 12,722,830 8,985,109 19,677,151 7,750,112 6,059,106 3,985,693 3,945,295 4,485,630 6,785,263 5,675,101 5,377,101 1,485,036 1,885,328 2,044,983 2,355,272 1,993,814 2,259,386 272,250 269,752 194,643 148,434 186,184 147,333 46,401,424 53,656,112 56,362,958 74,376,965 58,411,510 63,229,927 (1,096,244) (6,622,579) (1,572,673) (14,380,801) 1,886,033 (2,274,878) - 9,204,000 12,726,000 13,242,170 9,652,460 7,587,000 9,023,150 - - - 1,708,838 - (9,623,402) - - - (7,362,614) - 637,273 - 533,188 954,434 - 783,429 - 731,402 - - - - 14,488,155 3,332,936 13,769,908 890,075 3,172,092 797,271 (7,745,963) (5,406,936) (15,204,867) (1,364,561) (3,168,459) (1,197,271) 6,779,213 7,861,402 11,824,229 13,722,118 4,002,317 7,970,429 5,682,969$ 1,238,823$ 10,251,556$ (658,683)$ 5,888,350$ 5,695,551$ 15.6% 14.0% 13.7% 16.7% 15.1% 11.4% Fiscal Year 196 TABLE 5 CITY OF THE COLONY, TEXAS ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS (UNAUDITIED) 110 Assessed Lots, Land Less: Total Taxable Total Estimated Value b as a Fiscal Residential Commercial and Farm Tax Exempt Assessed Direct Tax Actual Taxable Percentage of Year Property Property Property Property Value a Rate Value Actual Value 2012 1,601,232,947$ 665,867,076$ 151,296,903$ 262,401,818$ 2,155,995,108$ 0.68300$ 2,155,995,108$ 100.00% 2013 1,570,595,410 725,097,869 119,916,725 235,621,588 2,179,988,416 0.68000$ 2,179,988,416 100.00% 2014 1,639,008,480 850,183,936 97,622,211 279,763,849 2,307,050,778 0.67750$ 2,307,050,778 100.00% 2015 1,825,181,743 1,096,166,239 99,116,629 395,343,379 2,625,121,232 0.67250$ 2,625,121,232 100.00% 2016 2,049,580,033 1,366,491,362 80,496,674 396,069,625 3,100,498,444 0.67000$ 3,100,498,444 100.00% 2017 2,402,844,301 1,657,374,018 79,968,769 522,157,525 3,618,029,563 0.66750$ 3,618,029,563 100.00% 2018 2,759,088,028 1,754,755,888 73,977,449 513,136,124 4,074,685,241 0.66500$ 4,074,685,241 100.00% 2019 3,163,815,052 1,818,858,009 67,568,663 524,193,007 4,526,048,717 0.66250$ 4,526,048,717 100.00% 2020 3,457,125,117 2,203,156,158 57,600,863 550,243,309 5,167,638,829 0.66000$ 5,167,638,829 100.00% 2021 3,701,008,231 2,496,989,390 57,945,301 530,447,361 5,725,495,561 0.65000$ 5,725,495,561 100.00% Source: City of The Colony Budget Document Denton Central Appraisal District Note: The County assesses property at 100% of its market value. Tax rates are per $100 of assessed value. a Includes adjustments to certified rolls. b Includes tax exempt property. 197 TABLE 6 CITY OF THE COLONY, TEXAS DIRECT AND OVERLAPPING PROPERTY TAX RATES (PER $100 OF ASSESSED VALUE) LAST TEN FISCAL YEARS (UNAUDITED) 111 General Lewisville Operating/ Obligation Independent Fiscal General Debt Total School Denton Year Rate Service Direct District County 2012 0.47997 0.20303 0.68300 1.426 0.27736 2013 0.46026 0.21974 0.68000 1.453 0.28287 2014 0.45902 0.21848 0.67750 1.477 0.28491 2015 0.47634 0.19616 0.67250 1.477 0.27220 2016 0.51036 0.15964 0.67000 1.420 0.26200 2017 0.56420 0.10330 0.66750 1.420 0.24841 2018 0.51500 0.15000 0.66500 1.408 0.23781 2019 0.50250 0.16000 0.66250 1.338 0.22557 2020 0.49550 0.16450 0.66000 1.347 0.22499 2021 0.49500 0.16000 0.65500 1.309 0.23309 Source: Lewisville ISD and Denton County. City Direct Rates Overlapping Rates 198 CITY OF THE COLONY, TEXAS PRINCIPAL TAX PAYERS CURRENT YEAR AND NINE YEARS AGO (UNAUDITED) 112 Percentage Taxable of Total City Assessed Taxable Assessed Taxpayer Value Rank Value a LMG Ventures LLC $210,362,316 1 3.67% TXFM Inc 119,857,195 2 2.09% Hudson MF LLC 86,000,000 3 1.50% Residences of Lake District No. I LTD 79,685,043 4 1.39% Austin Ranch Phase VI Investors LLC 76,000,001 5 1.33% AR No. 5 LLC 69,300,001 6 1.21% TXFM Inc 64,044,365 7 1.12% AR Phase 1 LLC 62,500,000 8 1.09% The Residences of Austin Ranch No 4 M LLC 61,000,000 9 1.07% AR Phase 2 LLC 56,000,001 10 0.98% AR No. 5, LLC - - Residences of Austin Ranch Ph IV LTD - - Residences of Austin Ranch PH I - - Residences of Austin Ranch Ph II - - Residences of Austin Ranch PH I-IV LTD - - Bristol Oaks Apartments P/S II LP - - Wal-Mart - - Wynnwood Peninsula Venture - - Oncor Electric Delivery - - Jackson-Shaw/Cascades Fall Water LP - - $884,748,922 15.45% Source: City of The Colony Budget Document and the Denton Central Appraisal District. Note: a Taxpayers are assessed on January 1, 2017 (2017 tax year) for the 2018 fiscal year. 2021 199 TABLE 7 113 Percentage Taxable of Total City Assessed Taxable Assessed Value Rank Value a $45,920,104 1 2.13% 40,250,000 2 1.87% 37,855,303 3 1.76% 36,900,000 4 1.71% 36,301,993 5 1.68% 32,400,000 6 1.50% 23,000,000 7 1.07% 22,539,804 8 1.05% 17,837,000 9 0.83% 15,100,000 10 0.70% $308,104,204 14.30% 2012 200 TABLE 8 CITY OF THE COLONY, TEXAS AD VALOREM TAX LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS (UNAUDITED) 114 Taxes Levied Delinquent Fiscal for the Fiscal Percentage Tax Percentage Year Year Amount of Levy Collections Amount of Levy 2012 14,725,447$ 14,671,313$ 99.63% 4,182$ 14,675,495$ 99.66% 2013 14,857,405 14,770,162 99.41% 36,042 14,806,204 99.66% 2014 15,754,513 15,648,851 99.33% 48,993 15,697,844 99.64% 2015 17,809,441 17,649,319 99.10% 88,356 17,737,675 99.60% 2016 20,872,716 20,755,698 99.44% 25,239 20,780,937 99.56% 2017 24,520,957 24,217,306 98.76% - 24,217,306 98.76% 2018 27,828,610 27,751,152 99.72% - 27,751,152 99.72% 2019 31,386,802 31,261,237 99.60% - 31,261,237 99.60% 2020 34,852,870 34,705,073 99.58% - 34,705,073 99.58% 2021 36,655,750 36,643,619 99.97% - 36,643,619 99.97% Source: Denton County Tax Assessor and Collector Note: a Taxpayers are assessed on January 1, 2019 (2019 tax year) for the 2020 fiscal year. Year of the Levy Collected within the Fiscal Total Collections 201 TABLE 9 CITY OF THE COLONY, TEXAS RATIO OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS (UNAUDITED) 115 Water and General Sewer Percentage Fiscal Obligation Certificates Other Premiums/ Revenue Other Premiums/ Total Primary of Personal Per Year Bonds of Obligation Obligations Discounts Bonds Obligations Discounts Government Income a Capitaa 2012 23,505,550$ 24,097,222$ - - 14,545,000$ - - 62,147,772$ 3.82% 1,360$ 2013 23,778,250 18,900,000 - 1,832,546 990,000 39,830,699 2,356,256 87,687,751 5.31% 1,896 2014 21,140,410 18,023,500 - 4,920,460 - 36,341,435 2,766,448 83,192,253 5.04% 1,849 2015 18,087,560 19,947,850 849,154.00 1,847,216 - 52,177,845 4,012,577 96,922,202 5.88% 2,154 2016 19,344,210 14,765,000 767,611 2,106,044 - 59,333,395 4,130,875 100,447,135 6.09% 2,271 2017 16,580,250 22,872,150 683,127 2,592,781 - 63,537,195 4,434,849 110,700,352 6.93% 2,621 2018 15,711,300 37,356,650 595,597 3,260,811 - 56,917,050 3,724,154 117,565,562 7.23% 2,793 2019 11,518,300 46,861,850 1,740,304 3,808,516 - 59,489,850 3,889,886 127,308,706 7.21% 2,854 2020 12,988,300 39,038,100 1,227,460 5,449,889 - 66,366,846 5,398,212 130,468,807 7.39% 2,925 2021 16,406,504 47,832,600 698,539 4,917,141 - 67,209,796 4,878,969 141,943,549 5.67% 2,568 Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. aSee Table 14 for personal income and population data. Governmental Activities Business-Type Activities 202 TABLE 10 CITY OF THE COLONY, TEXAS RATIO OF GENERAL BONDED DEBT OUTSTANDING LAST TEN FISCAL YEARS (UNAUDITED) 116 Percentage of Actual General Less: Taxable Fiscal Obligation Certificates of Other Premium/ Debt Value of Per Year Bonds Obligation Obligations Discount Service Total Property a Capitab 2012 23,505,550$ 24,097,222$ - - 2,247,214$ 45,355,558$ 2.10% 992$ 2013 23,778,250 21,256,051 - 1,832,546 2,122,759 44,744,088 2.05% 967 2014 21,585,733 19,320,803 - 4,920,460 1,257,148 44,569,848 1.93% 990 2015 18,087,560 19,947,850 849,154 1,847,216 1,257,148 39,474,632 1.50% 877 2016 19,344,210 14,765,000 767,611 2,106,044 1,826,579 35,156,286 1.13% 795 2017 16,580,250 22,872,150 683,127 2,592,781 1,027,528 41,700,780 1.15% 988 2018 15,711,300 37,356,650 595,597 3,260,811 902,127 56,022,231 1.37% 1,331 2019 11,518,300 46,861,850 1,740,304 3,808,516 863,999 63,064,971 1.39% 1,414 2020 15,406,504 40,245,600 1,227,459 4,463,515 2,159,398 59,183,680 1.15% 1,327 2021 12,823,723 45,567,200 698,539 4,695,639 5,410,482 58,374,619 1.12% 1,168 Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements. aSee Table 5 for property value data. bSee Table 14 for population data. Governmental Activities 203 TABLE 11 CITY OF THE COLONY, TEXAS LEGAL DEBT MARGIN INFORMATION LAST TEN FISCAL YEARS (UNAUDITED) 117 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Tax Rate Limit $2.50 $2.50 $2.50 $2.50 $2.50 $2.50 $2.50 $2.50 $2.50 $2.50 Current Tax Rate 0.683 0.680 0.678 0.673 0.670 0.668 0.665 0.6625 0.6600 0.6550 Available Tax Rate $1.82 $1.82 $1.82 $1.83 $1.83 $1.83 $1.84 $1.84 $1.84 $1.84 Note: The City Charter of the City of The Colony, Texas does not provide for a debt limit. Under provisions of state law, the maximum tax rate is limited to $2.50 per $100 assessed valuation. No direct bond debt limitation is imposed on the City under current state law or the City's Charter. Fiscal Year 204 TABLE 12 CITY OF THE COLONY, TEXAS DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT SEPTEMBER 30, 2021 (UNAUDITED) 118 The Colony Estimated Share of Gross Bonded Percentage Overlapping Governmental Unit Debt Applicable a Debt Lewisville I.S.D. $1,200,000,000 12.23% 146,760,000$ Little Elm I.S.D. 330,441,408 5.33% 17,612,527 Denton County 571,605,000 1.70% 9,717,285 2,102,046,408 174,089,812 City of The Colony (direct debt)110,061,018 100.00% 110,061,018 Total direct and overlapping debt 2,212,107,426$ 284,150,830$ Source: Assessed value data used to estimate applicable percentages provided by Denton Central Appraisal District. Debt outstanding data provided by each governmental unit. a The percentage of overlapping debt applicable is estimated using taxable assessed property values . Applicable percentages were estimated by determining the portion of another governmental unit's taxable assessed value that is within the city's boundaries and dividing it by each unit's total taxable assessed value. 205 TABLE 13 CITY OF THE COLONY, TEXAS PLEDGED-REVENUE COVERAGE LAST TEN FISCAL YEARS (UNAUDITED) 119 Less: Fiscal Total Operating Net Available Annual Times Year Revenues a Expensesb Revenue Requirement c Coverage 2012 13,925,260$ 8,660,247$ 5,265,013$ 4,265,022$ 1.23 2013 14,800,804 9,425,182 5,375,622 4,588,214 1.17 2014 15,013,195 9,871,033 5,142,162 1,795,023 2.86 2015 16,676,674 10,358,961 6,317,713 1,865,816 3.39 2016 16,354,249 11,636,866 4,717,383 2,840,353 1.66 2017 18,236,138 12,543,069 5,693,069 3,263,180 1.74 2018 20,365,808 12,730,553 7,635,255 3,088,754 2.47 2019 19,535,943 13,386,788 6,149,155 2,158,400 2.85 2020 20,903,713 15,514,368 5,389,345 2,159,669 2.50 2021 22,406,359 21,419,458 986,901 5,580,095 0.18 Note: a Includes operating and non-operating revenues. b Includes operating expenses minus depreciation. c Includes Principal and Interest. Water and Sewer System Revenue Bonds 206 TABLE 14 CITY OF THE COLONY, TEXAS DEMOGRAPHIC AND ECONOMIC STATISTICS LAST TEN CALENDAR YEARS (UNAUDITED) 120 Per Capita Median Estimated Personal Personal Median Household School Unemployment Year Population a Income Income b Age b Income b Enrollmentc Rated 2012 45,700$ 1,535,657,100$ 33,603$ 33 76,663$ 6,472 7.0% 2013 46,248 1,639,954,080 35,460 30 62,738 6,688 7.0% 2014 45,000 1,627,605,000 36,169 33 73,842 6,714 5.5% 2015 45,000 1,652,040,000 36,712 35 74,162 6,739 3.2% 2016 44,228 1,648,067,964 37,263 35.5 93,076 6,718 3.5% 2017 42,228 1,597,147,416 37,822 35.5 83,877 6,656 3.4% 2018 42,090 1,625,347,440 38,616 34.9 84,769 6,451 3.3% 2019 44,610 1,766,065,290 39,589 35.5 84,469 6,250 3.1% 2020 44,610 1,766,065,290 39,589 35.5 107,620 6,031 3.3% 2021 55,000 2,489,135,000 45,257 35.7 87,748 5,712 4.0% Sources: a Estimated Population - City of The Colony b Per Capital Income, Median Age & Median Household Income - City of The Colony Economic Development Corporation c School enrollment - Texas Education Agency d Unemployment - Texas Workforce Commission Note: Personal income is calculated by multiplying estimated population by per capita personal income. 207 TABLE 15 CITY OF THE COLONY, TEXAS PRINCIPAL EMPLOYERS CURRENT AND NINE YEARS AGO (UNAUDITED) 121 Percentage of Percentage of Total City Total City Employer Employees Rank Employment Employees Rank Employment Nebraska Furniture Mart 1,750 1 6.87% 2,200 1 10.11% Lewisville ISD 687 2 2.70% 690 2 3.17% Scheels 450 3 1.77% - 0.00% City of The Colony 396 4 1.56% 387 4 1.78% Wal-Mart 345 5 1.36% 353 5 1.62% Top Golf 220 6 0.86% 450 3 2.07% Hawaiian Falls 208 7 0.82% 230 6 1.06% Home Depot 100 8 0.39% 112 9 0.51% Quest Resource Mgmt 100 9 0.39% 120 8 0.55% Texas Roadhouse 90 10 0.35% - 0.00% Williams Sonoma - 0% 170 7 0.78% Edward Don - 0% 100 10 0.46% 4,346 17.07% 4,812 22.11% Source: City of The Colony Economic Development Corporation 2021 2012 208 TABLE 16 CITY OF THE COLONY, TEXAS FULL-TIME EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM LAST TEN FISCAL YEARS (UNAUDITED) 122 Function/Program 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 General government 43 43 44 30 31 34 34 38 32 34 Public safety 140 140 141 142 151 165 174 187 198 204 Public works 37 37 36 42 45 47 49 59 52 53 Culture and recreation 38 38 39 38 38 35 35 37 41 41 Water/wastewater/ Utilities 28 28 28 37 37 40 40 38 47 49 Total 286 286 288 289 302 321 332 359 370 381 Sources: City of The Colony Budget Document 209 210 CITY OF THE COLONY, TEXAS OPERATING INDICATORS BY FUNCTION/PROGRAM LAST TEN FISCAL YEARS (UNAUDITED) 123 Function/Program 2012 2013 2014 2015 Police Number of police officers 53 53 53 58 Number of violations (citations) 11,619 11,619 12,839 5,932 Municipal Court Number of traffic cases 11,532 11,532 12,980 6,979 Number of city ordinance cases 467 467 327 404 Fire Number of fire fighters 50 50 51 58 Number of paramedics - - - - Number of emergency fire responses 568 568 720 864 Number of medical emergencies 1,774 1,774 1,856 2,127 Development Services Total number of building permits a 2,508 2,508 3,982 272 Estimated valuationa $59,077,321 $59,077,321 $198,981,751 $173,859,498 Parks and Recreation Number of acres 983 983 983 983 Number of recreation center participants 43,083 43,083 43,083 50,654 Library Volumes in collectionb 89,385 89,385 111,077 115,256 Number of library cardholders 20,453 20,453 19,175 18,498 Water and wastewater Number of water accounts 11,881 11,881 12,213 12,532 Average daily water consumption (millions of gallons) 4.57 4.57 4.28 4.70 Average daily effluent (millions of gallons) 2.34 2.34 2.89 2.82 Sources: City Departments Notes: a Includes residential and commercial permits b Includes books and media. 211 TABLE 17 124 2016 2017 2018 2019 2020 2021 60 60 6 72 74 79 13,935 13,986 15,232 11,718 5,742 5,080 5,298 9,480 11,264 11,264 2,888 4,519 226 805 860 860 132 141 58 64 78 66 64 71 - - - 16 18 14 864 860 909 894 867 1,358 2,127 2,365 2,370 2,425 2,443 2,773 277 2,556 4,127 4,216 2,394 3,219 $127,234,464 $213,756,755 $271,621,030 $394,232,000 $47,041,844 $68,718,187 983 983 983 983 983 984 52,424 41,595 44,789 44,789 26,843 43,350 117,538 111,150 121,926 93,919 97,716 92,918 18,042 17,291 16,725 19,101 20,534 21,770 12,893 13,285 13,626 13,864 14,161 14,335 4.97 5.10 5.47 5.46 5.46 5.13 2.74 1,070.00 1.00 1 1 1.28 Fiscal Year 212 TABLE 18 CITY OF THE COLONY, TEXAS CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM LAST TEN FISCAL YEARS (UNAUDITED) 125 Function/Program 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Public Safety Fire Stations 3 3 3 3 3 3 3 4 4 4 Police Stations 1 1 1 1 1 1 1 1 1 1 Culture and Recreation Parks and Recreation Number of parks 27 27 27 27 27 27 27 27 27 27 Number of baseball diamonds 11 11 11 11 11 11 11 11 15 15 Number of soccer/football fields 16 16 16 16 16 16 16 16 15 15 Public swimming pools 2 2 2 2 2 2 2 2 2 2 Community centers 1 1 1 1 1 1 1 1 1 1 Library 1 1 1 1 1 1 1 1 1 1 Water and wastewater Water mains (miles) 197 197 209 212 216 194 195 199 201 203 Sanitary sewer mains (miles) 207 207 207 210 213 206 207 210 212 214 Fire hydrants 1,420 1,420 1,536 1,637 1,680 1,795 1,824 1,850 1,925 1,955 Sources: City Departments Notes: a Includes residential and commercial permits b Includes books and media. Fiscal Year 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 Agenda Item No:5.2 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Isaac Williams Submitting Department: Engineering Item Type: Discussion Agenda Section: Subject: Discuss and consider an ordinance regarding a Site Plan to allow the construction of access, parking, paving, landscaping, drainage, water, and sanitary sewer improvements, on an approximately 6.934-acre tract of land located northeast of the intersection of Grandscape Blvd and Destination Drive, within Planned Development-25 (PD-25) aka Grandscape zoning district. (Williams) Suggested Action: Please see the attached staff report, drawings, maps and illustrations for detailed land use, site layout and staff recommendations Attachments: SP22-0002 - Staff report CC.doc SP22-0002.pdf 46089 GRANDSCAPE EAST 50 PHOTOMETRIC.pdf CE-SITE PLAN-46089.pdf LA-PLANTING PLAN-46089.pdf Ord. 2022-xxxx East 50-Grandscape.doc 241 1 CITY COUNCIL REPORT AGENDA DATE:April 19, 2022 DEPARTMENT:Development Services Department SUBJECT SP22-0002 Grandscape Phase II, Block E, NEC Grandscape and Destination (East 50) Discuss and consider an ordinance regarding a Site Plan to allow the construction of access, parking, paving, landscaping, drainage, water, and sanitary sewer improvements, on an approximately 6.934-acre tract of land located northeast of the intersection of Grandscape Blvd and Destination Drive, within Planned Development-25 (PD-25) aka Grandscape zoning district. OWNER/ENGINEER Owner:LMG Ventures, LLC Omaha, Nebraska Engineer:Halff and Associates Fort Worth, Texas EXISTING CONDITION OF PROPERTY The property is currently undeveloped. PROPOSED DEVELOPMENT The Grandscape Phase II, Block E area features the development of four lots at the northeast corner of Grandscape Boulevard and Destination Drive. Lot 1R, has a proposed restaurant and is presently in consideration for site plan development (SP22-0003). Lot 2 will contain parking access, paving, landscaping, drainage, water and sanitary sewer improvements to serve the lots 1R, 3, and 4. In addition, the subject Site Plan will establish layout, parking distribution, interior connectivity, and pedestrian access. ADJACENT ZONING AND LAND USE North - Planned Development 16 (PD-16) – Cascades (Hotels and Restaurants) South - Planned Development 25 (PD-25) – East 50 improvements East - Planned Development 25 (PD-25) – Undeveloped West -Planned Development 25 (PD-25) – LSA Burger DEVELOPMENT REVIEW COMMITTEE (DRC) REVIEW The Development Review Committee (DRC) finds that the Site Plan meets the requirements of Appendix A, Zoning Ordinance, PD-25, and other applicable ordinances of the Code of Ordinances as outlined in the Staff Report. PRIOR ACTION April 12, 2022, the Planning and Zoning Commission voted (4-0) to recommend approval of a Site Plan to allow the construction of access, parking, paving, landscaping, drainage, water, and sanitary sewer improvements, on an approximately 6.934-acre tract of land located northeast of the intersection of Grandscape Blvd and Destination Drive, within Planned Development-25 (PD- 25) aka Grandscape zoning district. 242 2 ATTACHMENTS 1. Staff Analysis 2. Location Map 3. Project narrative 4.Proposed Ordinance with Exhibits ATTACHMENT 1 Staff Analysis Land Use Analysis The site plan establishes development infrastructure to allow for the Portillo’s Site Plan (SP22- 0003) and the overall development of future development on the subject site. By establishing infrastructure, layout, parking, and connectivity now, future development at lots 3 and 4 may be considered by site plan amendment. The future site plan amendments are subject to development review and approval for The Planning Commission. Circulation and Parking Site access is served by a single driveway opening on Destination Drive. The driveway will include include a single lane in and a double lane out, including a right turn lane. A new right-turn lane is added to the northbound Destination. A total of 222 parking spaces and seven (7) accessible spaces will be provided on Lot 1R, Block E. Future development of Block E will require the review of parking by Planned Development Ordinance (2016-2243) and Section 13- 112 Accessible parking. The parking field accomodates forty-nine (49) spaces for the Portillo’s development then as future development is proposed, further evaluation of the parking demand will ensue. Landscaping Site plans within Planned Development 25 (PD-25) require 10% of the platted lot as landscape. The proposed landscape plan offers 77,344 sf of landscape, representing approximately 26% of the site. Due to the location of landscape trees in an easement, the site plan places ornamental trees in lieu of large canopy trees within the SH 121 landscape buffer. As a result, the landscape plan reflects the plantings of fourteen (14) canopy trees, forty-five (45) ornamental trees, and groundcover throughout the site. Development Review Committee Review The Development Review Committee (DRC) finds that the Site Plan meets the requirements of Appendix A, Zoning Ordinance, PD 25, and other applicable ordinances of the Code of Ordinances as outlined in the Staff Report. PRIOR ACTION/REVIEW (Council, Boards, Commissions) April 12, 2022, the Planning and Zoning Commission voted (4-0) to recommend approval of a Site Plan to allow the construction of access, parking, paving, landscaping, drainage, water, and sanitary sewer improvements, on an approximately 6.934-acre tract of land located northeast of the intersection of Grandscape Blvd and Destination Drive, within Planned Development-25 (PD- 25) aka Grandscape zoning district. 243 G R A N D S C A P E B L V DDE S TI N A T I ONDRSH 121SAM RAYBURN TOLLWAYPAIGERD/PLANOPKW YEXIT4545 4555 5856 4520 4540 4560 4580 P D 1 6 P D 2 5 LS ABurger Proposed The CrabStation Ace's S por tsHanger ArnoItalia Lat inPig This map w as generat ed by G IS data provided by The Colony G IS Departm ent. T he City of The Colony does not guarantee the correct ness oraccuracy of any feat ures on this map. T hes e digital produc ts are f or llust ration purposes only and ar e not suitable for site-s pec ific dec is ion mak ing. ±Project No . SP22-0002 - Project Name: Grandscape A ddn L ots 1R,2,3,4 Blk E Gran d sca pe A dd n Lo ts 1 R, 2, 3, 4 Bl k E Pla nn e d Deve lo pme nt 1 6 Pla nn e d Deve lo pme nt , P D25 SubjectArea 244 FIRE LANEFIRE LANEFIRE LANEFIRE LANE FIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE L A N E FIRE LANE FIRE LANE FIR E L A N EFIRE LANEFIRE LANEFIRE LANEEX 18'' SDEX 27'' SDEX 24'' SDEX 24'' SDEX 24'' SDEX 24'' SD E X 8 ' ' S S EX 8'' SSEX 8'' SSEX 8'' SSEX 8'' SSEX 8'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 12'' WTREX 12'' WTREX 24'' SDEX 24'' 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PASTPROPERTY LINEENTRY ROADWAYPARKING AREA15' PASTPROPERTYLINE 2GRANDSCAPE BLVDDESTINATION DR N TX-121 FRONTAGE RDSHEETSCALENO.AVO:I:\46000S\46089\002\CADD\SHEETSRCH\EL-PHOTO PLAN-46089.DWG3/22/20222:03 PMCHECKEDDESIGNEDDRAWNC.R.H.46089CADDHALFFAS NOTED10/4/21 I:\46000S\46089\002\CADD\SHEETSRCH\EL-PHOTO PLAN-46089.DWG GRANDSCAPE EAST 50, BLOCK 1GRANDSCAPE EAST 50, LOT 1 City Project No. 4000 FOSSIL CREEK BLVDFORT WORTH, TEXAS 76137-2797TEL (817) 847-1422FAX (817) 232-9784FIRM REGISTRATION NO. 312REVISIONBYDATEN0040'80'GRAPHIC SCALE - 1"=40'ELECTRICAL PHOTOMETRIC PLANE04KEY MAPSCALE 1:200SHEET 1LEGENDSX1.ALL POLE MOUNTED LIGHTING ARE BASED ON A 27' POLE AND 3' POLEBASE.2.REF: E02 / LIGHT FIXTURE SCHEDULE FOR ALL LUMINAIRE TYPES.3.REF: E02 / PHOTOMETRIC STATISTICS.4.ALL EXISTING ROADWAY LIGHTING WAS EXCLUDED FROM PHOTOMETRICCALCULATIONS. EXISTING LIGHT POLE LOCATIONS ARE SHOWN FORREFERENCE ONLY.5.ALL PARKING LOT LIGHTING MUST BE INSTALLED AND OPERATED SO ASNOT TO PRODUCE GLARE OR CAST DIRECT ILLUMINATION ACROSS THEBOUNDING PROPERTY LINE. LOW PRESSURE SODIUM LIGHTING ISPROHIBITED. ALL LIGHT FIXTURES MUST BE RESTRICTED TODOWN-LIGHT OR CUT-OFF TYPES (2011-1927 III B).GENERAL NOTESPROPOSED LUMINAIRE AND TYPEEXISTING LIGHT POLE LOCATION.245 E05ELECTRICAL PHOTOMETRIC SCHEDULESSHEETSCALENO.AVO:I:\46000S\46089\002\CADD\SHEETSRCH\EL-PHOTO SCHED-46089.DWG3/22/20221:09 PMCHECKEDDESIGNEDDRAWNC.R.H.46089CADDHALFFAS NOTED10/4/21 I:\46000S\46089\002\CADD\SHEETSRCH\EL-PHOTO SCHED-46089.DWG GRANDSCAPE EAST 50, BLOCK 1GRANDSCAPE EAST 50, LOT 1 City Project No. 4000 FOSSIL CREEK BLVDFORT WORTH, TEXAS 76137-2797TEL (817) 847-1422FAX (817) 232-9784FIRM REGISTRATION NO. 312REVISIONBYDATE15' PAST PROPERTY LINE15' PAST PROPERTY LINE 2PARKING AREAENTRY ROADWAY0.0 fc0.0 fc2.5 fc0.1 fc0.2 fc0.0 fc5.5 fc0.6 fc0.0 fc0.0 fc0.8 fc0.0 fcN/AN/A6.9:1N/AN/A3.1:1N/AN/AAvg/MinMax/MinMinMaxAvgDESCRIPTIONSTATISTICS246 247 248 249 1 CITY OF THE COLONY, TEXAS ORDINANCE NO. 2022-_____ SITE PLAN – EAST 50 GRANDSCAPE PHASE II ADDITION LOTS 1R, 2, 3, & 4 OF BLOCK E AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, APPROVING A SITE PLAN APPLICATION FOR EAST 50 GRANDSCAPE PHASE II ADDITION, LOTS 1R, 2, 3, & 4 OF BLOCK E, FOR THE CONSTRUCTION OF PARKING ACCESS, PAVING, LANDSCAPING, DRAINAGE, WATER, AND SANITARY SEWER IMPROVEMENTS NECESSARY FOR DEVELOPMENT OF THE THREE FUTURE PAD SITES ON AN APPROXIMATELY 6.934 ACRE (302,045 SQUARE FEET) TRACT LOCATED AT THE NORTHEAST CORNER OF THE INTERSECTION OF GRANDSCAPE BOULEVARD AND DESTINATION DRIVE AND IS WITHIN THE PLANNED DEVELOPMENT 25 ZONING DISTRICT (PD-25), AKA GRANDSCAPE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A REPEALER CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Planning and Zoning Commission and the City Council of the City of The Colony, Texas, in compliance with the laws of the State of Texas, and the Code of Ordinances of the City of The Colony, Texas, have given requisite notices and consideration of the site plan application and related plans, and the City Council of the City of The Colony, Texas, is of the opinion and finds that Site Plan Application No. SP22-0002 for the construction of parking access, paving, landscaping, drainage, water, and sanitary sewer improvements necessary for development of the three future pad sites on an approximately 6.934 acre (302,045 square feet) tract located at the northeast corner of the intersection of Grandscape Boulevard and Destination Drive and is with the Planned Development 25 Zoning District (PD-25), aka Grandscape, should be approved. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1. That the findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2.That the City Council of the City of The Colony, Texas, does hereby approve the Site Plan, Landscape Plan, and Photometric Plan applicable to Lots 1R, 2, 3 and 4 of Block E in the East 50 Grandscape Phase II area of PD-25, copies of which are attached hereto as Exhibit A of this Ordinance. SECTION 3.That it is hereby declared to be the intention of the City Council of the City of The Colony, Texas, that the phrases, clauses, sentences, paragraphs and sections of this Ordinance are severable, and if any phrase, clause, sentence, paragraph or section of this Ordinance shall be declared unconstitutional by the valid judgment or decree of any court of 250 2 competent jurisdiction, such unconstitutionality shall not affect any of the remaining phrases, clauses, sentences, paragraphs and sections of this Ordinance, since the same would have been enacted by the City Council without the incorporation of this Ordinance of any such unconstitutional phrase, clause, sentence, paragraph or section. SECTION 4. That any provision of any prior ordinance of the City whether codified or uncodified, which are in conflict with any provision of this Ordinance, are hereby repealed to the extent of the conflict, but all other provisions of the ordinances of the City whether codified or uncodified, which are not in conflict with the provisions of this Ordinance, shall remain in full force and effect. SECTION 5. That this Ordinance shall become effective immediately upon its passage. DULY PASSED by the City Council of the City of The Colony, Texas, this 19th day of April, 2022. Richard Boyer, Mayor ATTEST: Tina Stewart, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 251 3 Exhibit A 252 Agenda Item No:5.3 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Isaac Williams Submitting Department: Engineering Item Type: Discussion Agenda Section: Subject: Discuss and consider an ordinance regarding a Site Plan application for a proposed 8,158 square-foot restaurant with 1,588 square-foot outdoor dining and drive-thru service known as "Portillo’s Hot Dogs" on Lot 1R, Block E. The subject site is located within the Planned Development 25 (PD-25) aka the Grandscape PD zoning district. (Williams) Suggested Action: please see the attached staff report, drawings, maps and illustrations for detailed land use, site layout and staff recommendations Attachments: CC Staff Report Portillos - Site Plan.doc SP22-0003.pdf Narrative.pdf CE-SITE PLAN-46468.pdf 46089 GRANDSCAPE EAST 50 PHOTOMETRIC.pdf 3257 - Material Data Exhibit Elevations - Portillo's, The Colony, TX.pdf PORTILLO'S - Landscape.pdf Ord. 2022-xxxx Portillos Hot Dogs Site Plan.doc 253 1 CITY COUNCIL REPORT AGENDA DATE:April 19, 2022 DEPARTMENT:Development Services Department SUBJECT SP22-0003, Portillo's Hot Dogs – Site Plan Discuss and consider an ordinance regarding a Site Plan application for a proposed 8,158 square- foot restaurant with 1,588 square-foot outdoor dining and drive-thru service known as "Portillo's Hot Dogs" on Lot 1R, Block E. The subject site is located within the Planned Development 25 (PD-25) aka the Grandscape PD zoning district. OWNER/ENGINEER Owner:LMG Ventures, LLC Omaha, Nebraska Engineer:Halff and Associates Fort Worth, Texas EXISTING CONDITION OF PROPERTY The property is currently undeveloped. PROPOSED DEVELOPMENT The applicant requests to develop 8,158 square-foot drive-thru restaurant with indoor and outdoor dining on Lot 1R, Block E, within the Grandscape Development. Lot 1R, Block E, contains approximately 44,835 square feet. ADJACENT ZONING AND LAND USE North - Planned Development 16 (PD-16) – Cascades (Hotels and Restaurants) South - Planned Development 25 (PD-25) – Undeveloped East - Planned Development 25 (PD-25) – Undeveloped West -Planned Development 25 (PD-25) – LSA Burger DEVELOPMENT REVIEW COMMITTEE (DRC) REVIEW The Development Review Committee (DRC) finds that the Site Plan meets the requirements of Appendix A, Zoning Ordinance, PD-25, and other applicable ordinances of the Code of Ordinances as outlined in the Staff Report. PRIOR ACTION April 12, 2022, the Planning and Zoning Commission voted (4-0) to recommend approval of a proposed 8,158 square-foot restaurant with 1,588 square-foot outdoor dining and drive-thru service known as "Portillo's Hot Dogs" on Lot 1R, Block E. ATTACHMENTS 1. Staff Analysis 2. Location Map 3. Project narrative 4. Proposed Ordinance with Exhibits 254 2 ATTACHMENT 1 Staff Analysis Land Use Analysis The proposed Portillo's is the first of its kind Texas location of a famous Chicago foods restaurant. The building footprint will be approximately 8,158 square feet with a 1,588 square- foot outdoor patio area and a two-lane drive-thru. Restaurant uses, (including drive-thru) are allowed "by-right" within Planned Development 25 (PD-25). Circulation and Parking Site access is served by a single driveway opening on Destination Drive. The driveway will include a single lane in and a double lane out, including a right-turn lane. A new right-turn lane is added to the northbound Destination Drive. The drive-thru will include double lane service and exceed the Section 13 stacking requirements. A total of 222 parking spaces and seven (7) accessible spaces will be provided on Lot 1R, Block E. The parking field will exceed the Planned Development Ordinance (2016-2243) requirement of one (1) space per 200 square feet or 49 parking spaces. The parking field will service the Portillo’s development exclusively initially, and as future development occurs, access and demand will be evaluated. Landscaping Site plans within Planned Development 25 (PD-25) require 10% of the platted lot dedicated to landscape. The proposed landscape plan reflects 17,300 sf of landscape, representing approximately 17% of the site. The landscape plan includes plantings of eleven (11) canopy trees and twenty-one (21) ornamental trees and provides groundcover throughout the site. Due to the location of landscape trees in an easement, the landscape plan reflects alternative planting of ornamental trees in lieu of large canopy trees within the SH 121 landscape buffer. Elevations Elevations will reflect Portillo's a single-story, garage-style aesthetic, including fenestrated garage doors and automotive decor. The elevation plan reflects four masonry wall elevations consisting primarily of brick, and including stone, metal, and glass elements. The Portillo's model color palette mainly consists of reds and browns and includes black and gray. Development Review Committee Review The Development Review Committee (DRC) finds that the Site Plan meets the requirements of Appendix A, Zoning Ordinance, PD 25, and other applicable ordinances of the Code of Ordinances as outlined in the Staff Report. PRIOR ACTION/REVIEW (Council, Boards, Commissions) On April 12, 2022, The Planning and Zoning Commission voted (4-0) to recommend approval of the proposed Site Plan for "Portillo's Hot Dogs" as outlined in the Staff Report 255 SAM RAYBURN TOLLWAYDESTI N A TI O N D R SH 1214520 4540 4560 P D 2 5 This map w as generat ed by G IS data provided by The Colony G IS Departm ent. T he City of The Colony does not guarantee the correct ness oraccuracy of any feat ures on this map. T hes e digital produc ts are f or llust ration purposes only and ar e not suitable for site-s pec ific dec is ion mak ing. ±Project No . SP22-0003 - Project Name: Po rt illos Grand scap e Ph ase 2 Por til lo s Gra nd sca p e Ad dn L ot s 1R, 2 , 3 , 4 B lk E Pla nn e d Deve lo pme nt , P D25 SubjectArea 256 February 7, 2022 The Colony Planning Division 6800 Main Street The Colony, TX 750456 Re: Submission for site plan review for Portillo’s Hot Dogs, LLC at SH 121 and Destination Drive. To Whom It May Concern: Please consider this package to be a formal request for approval of a Site Plan for a proposed new Portillo’s Hot Dogs restaurant to be located within Grandscape. Portillo’s is a fast-casual dining restaurant that features inside seating in a casual atmosphere, outside seating and drive-through service. The restaurant services lunch and dinner and is generally open from 1030AM – Midnight, seven days a week. Peak hours are typically 11:30AM – 1PM and 4PM – 6PM. Portillo's Hot Dogs was founded in 1963 by Dick Portillo, as a hot dog stand in a 6’ x 12’ trailer located in Villas Park, Illinois. The first drive-through Portillo’s opened in 1983 and is known for speedy, reliable drive-through service due to its unconventional practice of sending employees outside to take orders and deliver food. Portillo’s family menu has expanded from hot dogs only, to include Italian beef sandwiches, char-grilled burgers, fresh salads, ribs, and their famous chocolate cakes. The catering division opened in 1999, and in 2000 Portillo’s began shipping food to all 50 states. The proposed development will front Destination Drive and SH 121 Service Road with direct access to the site from Destination Drive. The proposed double lane drive-through will wrap the building from the north side and continue around to the west side of the building. The Portillo’s building is approximately 7,900 SF and includes an outdoor patio dining area. The total parks are included in Grandscape’s development plan, which will accommodate potentially 220+ patrons during peak hours as well as employee parking during max shift. Design considerations for this proposed Portillo’s maintain the high standards of construction that other Portillo’s restaurants enjoy, with our new and widely loved contemporary “Garage” Style design, which consists of 4-sided design, covered outside dining, an amply stacked drive through lane with bypass, extensive landscaping, and a trash enclosure apart from the main building structure. The building design contains high-end materials including various stone types, metal canopies and custom created features that create vertical articulation to offset the horizontal feel of a one-story building. We are excited about our continued growth within The Colony and are available to facilitate any questions or comments that may arise as a result of this application. Should you require any additional materials in order to facilitate this review, please do not hesitate to contact the undersigned. Sincerely, Amanda Schwerin for Portillo’s Hot Dogs 257 258 FIRE LANEFIRE LANEFIRE LANEFIRE LANE FIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE L A N E FIRE LANE FIRE LANE FIR E L A N EFIRE LANEFIRE LANEFIRE LANEEX 18'' SDEX 27'' SDEX 24'' SDEX 24'' SDEX 24'' SDEX 24'' SD E X 8 ' ' S S EX 8'' SSEX 8'' SSEX 8'' SSEX 8'' SSEX 8'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 10'' SSEX 12'' WTREX 12'' WTREX 24'' SDEX 24'' SD0.40.70.00.00.10.10.30.70.00.00.00.00.00.10.10.30.70.00.00.00.00.00.00.10.10.20.61.20.00.00.00.00.00.00.10.10.20.51.10.00.00.00.00.00.10.10.20.41.00.00.00.00.00.00.10.10.20.40.91.60.00.00.00.00.00.10.10.10.30.81.40.00.00.00.00.10.10.10.30.61.30.00.00.00.00.00.10.10.20.51.00.00.00.00.00.00.10.10.20.40.81.50.00.00.00.00.10.10.10.30.71.40.00.00.00.00.10.10.10.20.51.20.00.00.00.00.10.10.10.20.41.01.80.00.00.00.00.00.10.10.10.30.71.40.00.00.00.00.10.10.10.30.51.10.00.00.00.00.10.10.10.20.40.81.50.00.00.00.00.00.10.10.20.30.71.30.00.00.00.00.10.10.20.30.61.20.00.00.00.00.10.10.20.20.41.00.00.00.00.00.10.10.10.20.30.81.40.00.00.00.00.10.10.20.30.61.20.00.00.00.00.10.10.10.20.41.00.00.00.00.00.10.10.10.20.30.81.60.00.00.00.00.00.10.10.10.30.61.40.00.00.00.00.10.10.10.20.51.10.00.00.00.00.10.10.10.20.40.90.00.00.00.00.10.10.10.30.61.30.00.00.00.00.10.10.10.20.51.00.00.00.00.10.10.20.40.90.00.10.10.20.30.71.40.10.10.10.20.61.20.10.20.41.00.30.71.41.10.91.31.41.71.92.11.91.81.91.91.71.92.11.71.71.81.91.71.81.92.02.11.61.51.82.31.91.71.92.01.82.02.51.91.91.91.81.71.71.81.92.02.02.02.22.11.91.61.82.02.52.12.11.12.32.02.11.82.41.71.72.12.02.51.62.22.12.51.71.92.52.51.91.71.42.41.91.62.11.71.32.01.50.00.00.10.10.10.10.00.00.00.10.10.10.10.10.10.00.00.00.10.10.10.20.30.30.20.10.00.10.10.10.10.10.10.20.30.50.60.60.30.10.20.20.10.10.10.10.20.10.20.40.81.11.31.20.80.30.10.40.50.30.20.20.20.30.20.70.91.30.40.10.00.10.60.80.70.60.40.30.61.70.80.20.10.20.10.00.21.01.21.21.20.30.10.30.10.10.41.40.70.20.10.60.20.20.70.40.20.80.30.20.90.21.00.50.41.80.30.10.70.60.50.20.90.91.40.40.01.11.00.90.11.22.10.50.11.20.11.90.31.10.41.70.62.20.80.22.41.60.22.42.00.60.12.41.40.12.31.70.50.02.21.90.80.12.22.31.30.20.12.00.30.11.10.20.11.90.50.30.80.40.11.80.30.10.90.10.01.80.20.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.10.10.10.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.10.10.20.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.20.30.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.10.10.10.10.00.00.00.00.00.00.00.00.00.10.10.10.10.10.10.00.00.00.00.00.00.00.10.10.10.20.00.00.00.00.00.00.00.10.10.10.10.10.10.10.10.10.10.00.10.10.10.20.00.00.00.00.00.00.00.10.10.20.20.20.30.30.30.10.10.20.00.00.00.00.00.00.00.10.10.20.30.40.50.50.00.00.00.00.00.00.10.10.30.50.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.10.00.00.00.10.00.00.10.10.00.10.00.00.10.00.00.00.00.00.10.00.00.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.10.00.00.00.20.10.00.00.10.00.00.00.10.00.00.00.10.00.00.00.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.10.00.00.00.00.00.00.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.01.60.90.20.00.00.00.00.01.41.41.31.10.80.30.10.00.00.00.01.91.51.11.11.00.90.80.70.50.20.10.00.00.00.00.02.01.71.41.20.90.80.70.70.60.50.40.30.20.10.00.00.00.00.02.01.81.61.31.10.80.60.50.40.40.40.40.40.30.20.20.10.00.00.00.00.00.00.02.01.81.51.20.90.70.50.30.20.20.20.20.20.30.30.20.20.10.10.10.00.00.00.00.00.00.02.21.91.61.41.21.10.80.50.30.20.10.10.10.10.10.10.20.20.20.10.10.10.00.00.00.00.00.00.00.00.00.01.91.61.31.00.80.50.50.40.30.20.10.10.10.00.00.10.10.10.10.10.10.10.10.00.00.00.00.00.00.00.00.00.01.51.00.70.50.30.20.20.10.10.10.10.00.00.00.00.00.00.00.10.10.10.10.10.00.00.00.00.00.00.00.00.01.00.40.20.10.10.10.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.90.40.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.50.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.60.20.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.70.30.10.00.00.00.00.00.00.00.00.00.00.30.10.00.00.00.00.30.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.10.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.10.10.10.00.00.00.00.00.00.00.00.00.00.00.00.00.0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PASTPROPERTY LINEENTRY ROADWAYPARKING AREA15' PASTPROPERTYLINE 2GRANDSCAPE BLVDDESTINATION DR N TX-121 FRONTAGE RDSHEETSCALENO.AVO:I:\46000S\46089\002\CADD\SHEETSRCH\EL-PHOTO PLAN-46089.DWG3/22/20222:03 PMCHECKEDDESIGNEDDRAWNC.R.H.46089CADDHALFFAS NOTED10/4/21 I:\46000S\46089\002\CADD\SHEETSRCH\EL-PHOTO PLAN-46089.DWG GRANDSCAPE EAST 50, BLOCK 1GRANDSCAPE EAST 50, LOT 1 City Project No. 4000 FOSSIL CREEK BLVDFORT WORTH, TEXAS 76137-2797TEL (817) 847-1422FAX (817) 232-9784FIRM REGISTRATION NO. 312REVISIONBYDATEN0040'80'GRAPHIC SCALE - 1"=40'ELECTRICAL PHOTOMETRIC PLANE04KEY MAPSCALE 1:200SHEET 1LEGENDSX1.ALL POLE MOUNTED LIGHTING ARE BASED ON A 27' POLE AND 3' POLEBASE.2.REF: E02 / LIGHT FIXTURE SCHEDULE FOR ALL LUMINAIRE TYPES.3.REF: E02 / PHOTOMETRIC STATISTICS.4.ALL EXISTING ROADWAY LIGHTING WAS EXCLUDED FROM PHOTOMETRICCALCULATIONS. EXISTING LIGHT POLE LOCATIONS ARE SHOWN FORREFERENCE ONLY.5.ALL PARKING LOT LIGHTING MUST BE INSTALLED AND OPERATED SO ASNOT TO PRODUCE GLARE OR CAST DIRECT ILLUMINATION ACROSS THEBOUNDING PROPERTY LINE. LOW PRESSURE SODIUM LIGHTING ISPROHIBITED. ALL LIGHT FIXTURES MUST BE RESTRICTED TODOWN-LIGHT OR CUT-OFF TYPES (2011-1927 III B).GENERAL NOTESPROPOSED LUMINAIRE AND TYPEEXISTING LIGHT POLE LOCATION.259 E05ELECTRICAL PHOTOMETRIC SCHEDULESSHEETSCALENO.AVO:I:\46000S\46089\002\CADD\SHEETSRCH\EL-PHOTO SCHED-46089.DWG3/22/20221:09 PMCHECKEDDESIGNEDDRAWNC.R.H.46089CADDHALFFAS NOTED10/4/21 I:\46000S\46089\002\CADD\SHEETSRCH\EL-PHOTO SCHED-46089.DWG GRANDSCAPE EAST 50, BLOCK 1GRANDSCAPE EAST 50, LOT 1 City Project No. 4000 FOSSIL CREEK BLVDFORT WORTH, TEXAS 76137-2797TEL (817) 847-1422FAX (817) 232-9784FIRM REGISTRATION NO. 312REVISIONBYDATE15' PAST PROPERTY LINE15' PAST PROPERTY LINE 2PARKING AREAENTRY ROADWAY0.0 fc0.0 fc2.5 fc0.1 fc0.2 fc0.0 fc5.5 fc0.6 fc0.0 fc0.0 fc0.8 fc0.0 fcN/AN/A6.9:1N/AN/A3.1:1N/AN/AAvg/MinMax/MinMinMaxAvgDESCRIPTIONSTATISTICS260 261 1+001+141+003+05COCO1+001+98FIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANE FIRE LANE FIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANE FIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEFIRE LANEEXISTING 20' UTILITY EASEMENTPROPERTY BOUNDARYSH 121DESTINATION DR.PROJECTLOCATION5 88 96 12 10 12 12 12 1212 1212 13 9 11 12 21 1214 6 6 913 911 88 10 12 23 4 20 21 27 135 15 24 3 114 4 42'' GAS 4' ' G A S8'' GAS6'' GAS6'' GASW31 21 12 PROJECTLOCATIONN0020'40'GRAPHIC SCALE - 1"=20'SHEETSCALENO.AVO:I:\46000S\46468\001\CADD\SHEETSFTW\LA-PLANTING PLAN-46468.DWG3/22/20223:34 PM4000 FOSSIL CREEK BLVDFORT WORTH, TEXAS 76137-2797TEL (817) 847-1422FAX (817) 232-9784CHECKEDDESIGNEDDRAWNLJO46468CADDHALFFAS NOTEDFIRM REGISTRATION NO. 3122/7/22 I:\46000S\46468\001\CADD\SHEETSFTW\LA-PLANTING PLAN-46468.DWG PORTILLO'S -GRANDSCAPE PHASE II,LOT 1R, BLOCK E, SP22-000PORTILLO'S City Project No. REVISIONBYDATEPRELIMINARY FOR INTERIM REVIEW ONLYTHESE DOCUMENTS ARE FOR INTERIMREVIEW AND NOT INTENDED FORREGULATORY APPROVAL, PERMITTING,BIDDING OR CONSTRUCTION PURPOSES.THEY WERE PREPARED BY OR UNDERTHE SUPERVISON OF:LAYNE J. OLIVO, ASLA/RLA #2070LANDSCAPE CALCULATIONS (REF. LANDSCAPE ORDINANCE 2011-1927):SITE AREA: LOT 1R, BLOCK E - 1.029 AC (44,823 S.F.)MINIMUM LANDSCAPE AREA - MIN. OF 10% OF THE AREA OF EACH PLATTED LOT (OR LARGER PLATTED AREAAS A WHOLE) SHALL BE LANDSCAPED (SHALL CONTAIN TREES, SHRUBS, LAWN AND/OR GROUNDCOVER).REQUIRED: 10% OF TOTAL PROJECT BOUNDARY AREA (4,522 sf)PROVIDED: APPROX. 39% OF TOTAL PROJECT BOUNDARY AREA (17,300 sf)LANDSCAPE BUFFER - MIN. 20' WIDE LANDSCAPE BUFFER PROVIDED ALONG SH 121 R.O.W. (CAN BE LOCATEDWITHIN AN UNIMPROVED PORTION OF THE ADJACENT R.O.W.). INCLUDES 1 TREE (MIN. 3" CALIPER) FOREVERY 40 FEET OF STREET FRONTAGE ALONG THE PROPERTY BOUNDARY.REQUIRED: 273 L.F. OF FRONTAGE ALONG SH 121 = 7 TREES (3" CALIPER)PROVIDED: 21 TREES (30 GAL.) LOCATED 5' FROM THE INSIDE PROPERTY BOUNDARY (REF PLANS FOR LOCATION)PARKING LOT LANDSCAPING - A MINIMUM OF 60 SQUARE FEET OF LANDSCAPING IS REQUIRED FOR EVERYTWELVE (12) PARKING SPACES, AND SHALL OCCUR WITHIN THE PARKING LOT BOUNDARIES INSIDE OFLANDSCAPED MEDIANS OR ISLANDS THAT ARE NOT LESS THAN FIVE FEET (5') IN WIDTH. LANDSCAPED AREASMUST BE PROVIDED WITHIN 120 FEET OF EVERY PARKING SPACE.REQUIRED: 12 TOTAL PARKING SPACES = 60 SF TOTAL LANDSCAPINGPROVIDED: PROVIDED ON SP22-0002 - LOT 2, BLOCK ESCREENING OF PARKING AREAS - A WALL, A BERM, EVERGREEN SHRUBS, OR A COMBINATION OF ANY OFTHESE THREE (3) SCREENING METHODS SHALL BE USED TO SCREEN SURFACE PARKING LOTS FROM ADJACENTPUBLIC STREET RIGHT-OF-WAY ALONG SH 121 AND PLANO PARKWAY.REQUIRED: SHRUB SCREENING ALONG SH 121PROVIDED: SHRUB SCREENING ALONG SH 121NOTES:ALL DISTURBED AREAS WITHIN THE LIMITS OF DISTURBANCE (AS INDICATED ON THE PLANS) THAT DO NOTOTHERWISE CONTAIN HARDSCAPE OR PLANTINGS (TREES, STRUBS, SOD/GROUNDCOVER, AND/OR PLANTINGBEDS) SHALL BE SEEDED WITH BERMUDA HYDROMULCH (REF. PLANTING NOTES)PORTILLO'S PLANTING PLAN----PLANTING AREAPLANTING AREAPLANTING AREATREESQTYBOTANICAL / COMMON NAMECONTCAL7Ilex decidua / Possumhaw30 gal min.3/4" Cal. Per Cane7Lagerstroemia indica / Crape Myrtle30 gal min.3/4" Cal. Per Cane6Pistacia chinensis / Chinese PistacheB&B/Cont.3" Cal7Prunus mexicana / Mexican Plum30 gal min.3/4" Cal. Per Cane5Ulmus americana / American ElmB&B/Cont.3" CalGROUND COVERSQTYBOTANICAL / COMMON NAMECONTSIZE17,325 sfCynodon dactylon / Bermuda GrassSodPLANT SCHEDULE L1.01LOCATION MAPSCALE 1:1,500262 SHEETSCALENO.AVO:I:\46000S\46468\001\CADD\SHEETSFTW\LA-PLANTING PLAN-46468.DWG3/2/20223:23 PM4000 FOSSIL CREEK BLVDFORT WORTH, TEXAS 76137-2797TEL (817) 847-1422FAX (817) 232-9784CHECKEDDESIGNEDDRAWNLJO46468CADDHALFFAS NOTEDFIRM REGISTRATION NO. 3122/7/22 I:\46000S\46468\001\CADD\SHEETSFTW\LA-PLANTING PLAN-46468.DWG PORTILLO'S -GRANDSCAPE PHASE II,LOT 1R, BLOCK E, SP22-000PORTILLO'S City Project No. REVISIONBYDATEPRELIMINARY FOR INTERIM REVIEW ONLYTHESE DOCUMENTS ARE FOR INTERIMREVIEW AND NOT INTENDED FORREGULATORY APPROVAL, PERMITTING,BIDDING OR CONSTRUCTION PURPOSES.THEY WERE PREPARED BY OR UNDERTHE SUPERVISON OF:LAYNE J. OLIVO, ASLA/RLA #2070PLANTING NOTES1.EXISTING CONDITIONS: THE LANDSCAPE CONTRACTOR SHALL BE RESPONSIBLE FOR VISITING THE SITE PRIOR TO SUBMITTING BIDPROPOSAL, TO BECOME FAMILIAR WITH ALL CONDITIONS AFFECTING THE PROPOSED WORK. THE LANDSCAPE CONTRACTORSHALL IDENTIFY AND REVIEW ALL UNDERGROUND UTILITY LOCATIONS PRIOR TO COMMENCING WORK AND SHALL EXERCISEEXTREME CAUTION WHEN WORKING CLOSE TO UTILITIES, AND SHALL NOTIFY THE OWNER'S REPRESENTATIVE OF APPARENTCONFLICTS WITH CONSTRUCTION AND UTILITIES SO THAT ADJUSTMENTS CAN BE PLANNED PRIOR TO INSTALLATION. CONTACT THELOCAL UNDERGROUND UTILITY SERVICES FOR UTILITY LOCATION AND IDENTIFICATION. THE LANDSCAPE CONTRACTOR BEARS FULLRESPONSIBILITY FOR THIS WORK AND DISRUPTION OR DAMAGE TO UTILITIES SHALL BE REPAIRED IMMEDIATELY AT NO EXPENSE TOTHE OWNER.2.ALL SITE FEATURES INCLUDING LIGHTS AND OTHER UTILITIES, ABOVE AND BELOW GRADE,TO BE VERIFIED ON SITE PRIOR TOPLANTING AND IRRIGATION INSTALLATION. NOTIFY OWNER'S REPRESENTATIVE TO MAKE ADJUSTMENTS PRIOR TO INSTALLATION.3.LAYOUT AND GRADING: THE LANDSCAPE CONTRACTOR SHALL BE RESPONSIBLE FOR ACCURATELY LAYING OUT THE PLANT BEDSAND TURF AREAS BY SCALING THE DRAWINGS. LAYOUT SHALL BE PAINTED OR STAKED ON THE GROUND FOR REVIEW ANDAPPROVAL OF OWNER'S REPRESENTATIVE PRIOR TO EXCAVATION. FOLLOWING APPROVAL OF LAYOUT, CLOSELY COORDINATE THEINSTALLATION OF THE IRRIGATION SYSTEM TO CONFORM TO THE APPROVED LAYOUT.4.THE LANDSCAPE CONTRACTOR SHALL BE RESPONSIBLE FOR FINE GRADING OF THE TURF AND PLANTING AREAS. THE LANDSCAPECONTRACTOR AND OWNER SHALL REVIEW THE EXTENT OF GRADING OF AREA PRIOR TO COMMENCING WORK. ENTIRE SITE SHALLBE GRADED TO FINISH GRADE PRIOR TO SCHEDULING PLANTING INSTALLATION.5.TURF AREAS SHALL BE RAKED SMOOTH, REMOVING AND DISPOSING OF STONES OVER 1" DIAMETER AND STICKS, ROOTS, ANDOTHER EXTRANEOUS MATTER AND LEGALLY DISPOSING OF THEM OFF OWNER'S PROPERTY. ALL AREAS SHALL BE FINE GRADED TOACHIEVE POSITIVE DRAINAGE WITHOUT PUDDLES OR STANDING WATER AND FEATHER INTO NATURAL GRADE. ROLL AND RAKE,REMOVE RIDGES, AND FILL DEPRESSIONS TO MEET FINISH GRADES TO WITHIN PLUS OR MINUS 1/2 INCH OF FINISH ELEVATION.LIMIT FINISH GRADING TO AREAS THAT CAN BE PLANTED IN THE IMMEDIATE FUTURE.6.LANDSCAPE CONTRACTOR SHALL BE RESPONSIBLE FOR EROSION CONTROL OF SLOPED AREAS. CONTRACTOR TO RESTORE TURFOR PLANTING AREAS IF ERODED OR OTHERWISE DISTURBED AFTER FINAL GRADING.7.TOPSOIL: THE LANDSCAPE CONTRACTOR SHALL BE RESPONSIBLE FOR IMPORTING AND PLACING TOPSOIL TO PREPARE THE TURFAREAS FOR THE SPECIFIED GRASS SOD AND/OR SEEDING. TURF AREAS SHALL RECEIVE A 2" LAYER OF AMENDED TOPSOIL. THELANDSCAPE ARCHITECT, LANDSCAPE CONTRACTOR AND OWNER SHALL REVIEW THE EXTENT OF THIS WORK PRIOR TOCOMMENCEMENT OF INSTALLATION. DO NOT SPREAD TOPSOIL IF SOIL OR SUBGRADE IS FROZEN, MUDDY OR EXCESSIVELY WET.TOPSOIL SHALL BE A MIN. OF 2% ORGANIC WITH PH BETWEEN 5.3 - 6.0.8.PLANT BEDS: THE LANDSCAPE CONTRACTOR SHALL EXCAVATE FULLY PREPARED PLANT BEDS AS REQUIRED TO ACCOMMODATE AFULL 8" OF PREPARED SOIL AND 3" MULCH LAYER. CLEAN, NATIVE TOPSOIL REMOVED FROM THESE BEDS MAY BE SPREAD ONNEARBY AREAS TO BE SODDED OR SEEDED.9.PREPARED SOIL MIX SHALL CONSIST OF 4" IMPORTED TOPSOIL AND 2" COMPOST, THOROUGHLY BLENDED TOGETHER. FOLLOWINGEXCAVATION, PLACE PREPARED SOIL MIX IN THESE PLANT BEDS. CREATE POSITIVE DRAINAGE IN LANDSCAPE AREAS AWAY FROMALL BUILDINGS AND STRUCTURES. THIS MIX SHALL ALSO BE USED TO BACKFILL PLANTING PITS OF ALL PIT-PLANTED SHRUBS ANDTREES. IN BID PROPOSAL, FURNISH UNIT PRICES PER CUBIC YARD OF PREPARED SOIL MIX. SUBMIT SAMPLE FOR REVIEW ANDAPPROVAL BY LANDSCAPE ARCHITECT.10.IN BID PROPOSAL, FURNISH UNIT PRICE PER CUBIC YARD OF PREPARED SOIL MIX, PREPARED AND SPREAD. CONTRACT AMOUNTWILL BE ADJUSTED BASED ON ACTUAL, APPROVED QUANTITIES NEEDED AND FURNISHED.11.FINISH GRADES OF SHRUB AREAS AND LAWNS SHALL BE 112" BELOW ADJACENT PAVING OR HEADER.12.WEED CONTROL TO BE COMPLETED PRIOR TO PREPARING PLANTING AREAS BY APPLICATION OF A 50/50 BLEND OFPOST-EMERGENT HUMIC ACID COMPLEX AND ROUNDUP HERBICIDE. APPLY 10 LB OF MICROLIFE HUMATES PLUS PER 1,000 SQ FT TORESTORE SOIL HEALTH.13.PLANT BED EDGING: FOLLOWING APPROVAL OF PLANT BED LAYOUT, INSTALL SURE-LOC STAINLESS STEEL EDGING 3/16" THICK (ORAPPROVED EQUAL) WHERE INDICATED ON THE DRAWINGS. INSTALL EDGING FOLLOWING MANUFACTURER'S INSTALLATIONINSTRUCTIONS. MAINTAIN AN ACCURATE LAYOUT WITH SMOOTH CURVES AND TRANSITIONS, FREE OF KINKS AND ABRUPT BENDS.TOP OF EDGING TO BE 1" ABOVE SOIL LEVEL OF ADJACENT TURF. DO NOT INSTALL WHERE THE TOP OF EDGING IS ABOVE WALKSOR CURBS OR CREATES A TRIPPING HAZARD. NOTE THAT CONCRETE SIDEWALKS AND CURBS WILL ACT AS AN EDGING. IN BIDPROPOSAL, FURNISH UNIT PRICE PER LINEAR FOOT.14.MULCH: FOLLOWING PLANTING, MULCH "FULLY-PREPARED" BEDS AND MULCHED AREAS WITH 3" LAYER OF SHREDDED HARDWOODMULCH AND FILL BASINS OF PIT-PLANTED SHRUBS AND TREES WITH MULCH. IN BID PROPOSAL, FURNISH UNIT PRICE PER CUBICYARD.15.SOD AND GRASS SEEDING: LIMITS OF SOD SHOWN ON THE DRAWINGS ARE SCHEMATIC AND NOT TO BE CONSTRUED TO BEPRECISE. THE LANDSCAPE ARCHITECT, LANDSCAPE CONTRACTOR AND OWNER SHALL REVIEW THE LIMITS OF SEEDING ANDSODDING PRIOR TO COMMENCING INSTALLATION. IN BID PROPOSAL, FURNISH UNIT PRICES FOR SOD AND GRASS SEEDING PERSQUARE YARD. THE CONTRACT AMOUNT WILL BE ADJUSTED BASED ON ACTUAL, APPROVED QUANTITIES INSTALLED.16.ALL DISTURBED AREAS WITHIN THE PROPERTY BOUNDARY NOT INDICATED ON THE PLANS AS SOD SHALL CONTAIN BERMUDAGRASS SEEDING (HYDROMULCH). THE LANDSCAPE ARCHITECT, LANDSCAPE CONTRACTOR AND OWNER SHALL REVIEW THE LIMITSOF SEEDING PRIOR TO COMMENCING INSTALLATION. LANDSCAPE CONTRACTOR SHALL PROVIDE A UNIFORM STAND OF GRASS BYWATERING AND MAINTAINING SEEDED AREAS UNTIL DATE OF SUBSTANTIAL COMPLETION. RESEED AREAS, WITH SPECIFIEDMATERIALS, WHICH FAIL TO PROVIDE A UNIFORM STAND UNTIL OWNER'S REPRESENTATIVE REVIEWS ALL AFFECTED AREAS.REPLACE IMMEDIATELY UNLESS REQUIRED TO SEED IN THE SUCCEEDING PLANTING SEASON. RESTRICT TRAFFIC FROM SEEDEDAREAS UNTIL ESTABLISHED. ERECT SIGNS, FLAGGING AND BARRIERS AS REQUIRED. SOW GRASS SEED WHEN SOIL TEMPERATUREIS ABOVE 65 DEGREES F (IN EARLY SPRING THROUGH LATE SUMMER).17.TREE STAKING, PLANT INSTALLATION, MAINTENANCE AND PRUNING TO BE DONE PER PLANS: ALL PLANTS ARE TO BE WARRANTED(FOR REPLACEMENT) FOR A PERIOD OF TWO YEARS AFTER FINAL ACCEPTANCE OF THE LANDSCAPE INSTALLATION. PROMPTLYREPLACE ANY PLANTINGS DEEMED UNACCEPTABLE BY THE OWNER'S REPRESENTATIVE. REMOVE ALL TREE STAKES AND GUYWIRES AFTER ONE YEAR ESTABLISHMENT PERIOD STARTING FROM FINAL ACCEPTANCE OF LANDSCAPE INSTALLATION. REPLACEANY CRACKED OR DAMAGED TREE STAKES AND SECURE GUY WIRES AS NEEDED.18.PLANTS: ALL PLANTS SHALL BE NURSERY GROWN, GRADE 1 PLANTS MEETING NURSERYMAN ASSOCIATION STANDARDS, TYPICAL INSHAPE AND SIZE FOR SPECIES. PROVIDE MATCHING FORMS AND SIZES FOR PLANT MATERIALS WITHIN EACH SPECIES AND SIZEDESIGNATED ON THE DRAWINGS. PLANTS SHALL NOT BE ROOT-BOUND NOR LOOSE IN THEIR CONTAINERS. HANDLE ALL PLANTSWITH CARE IN TRANSPORTING, PLANTING AND MAINTENANCE UNTIL INSPECTION AND FINAL ACCEPTANCE. PLANTS SHALL BEINSTALLED TO PRESENT THEIR BEST SIDE FACING THE VIEWER. USE TOTAL QUANTITIES OF PLANTS INDICATED; ADJUST SPACINGAS NEEDED TO EVENLY FILL BEDS. OWNER'S REPRESENTATIVE SHALL HAVE FINAL APPROVAL OF PLANT MATERIAL LAYOUT. PRUNENEWLY PLANTED TREES ONLY AS DIRECTED BY LANDSCAPE ARCHITECT. CUT AND REMOVE BURLAP FROM TOP 13 OF BALL (IF B&BMATERIAL IS SPECIFIED OR APPROVED). CALIPER OF MULTI-TRUNK TREES DENOTES MINIMUM CALIPER OF MAJOR TRUNKS. OTHERTRUNKS MUST BE 1/2 SIZE OF MAJOR TRUNK OR LARGER.19.PROVIDE UNIT PRICES FOR ALL PLANT MATERIALS. UNIT PRICE IS TO INCLUDE COST OF MATERIAL, LABOR AND TAXES AS REQUIREDTO INSTALL THE PLANTS. UNIT PRICES SHALL BE USED IN THE CASE THAT FEWER OR MORE PLANTS ARE TO BE PLANTED.20.REGULAR CLEAN UP AT THE JOB SITE AND ACCESS ROUTES SHALL TAKE PLACE ON A DAILY BASIS UNLESS OTHERWISE APPROVEDOR REQUIRED BY THE OWNER'S REPRESENTATIVE. DEMOLITION AND INSTALLATION SCHEDULING IS TO BE COORDINATED WITHOWNER'S REPRESENTATIVE. DAILY AND ANY BARRIERS/PROTECTIVE DEVICES ARE TO BE INSTALLED AS NEEDED TO PROTECT THESAFETY OF THE PUBLIC. SPECIAL CARE SHALL BE TAKEN TO KEEP ALL VEHICULAR ROUTES OPEN AND PEDESTRIAN ACCESSUNOBSTRUCTED FOR SAFE PASSAGE DURING DEMOLITION AND CONSTRUCTION.21.CONTRACTOR TO PROVIDE A NINETY-DAY MAINTENANCE AGREEMENT FOR ALL WORK PERFORMED.22.WARRANTY: CONTRACTOR TO PROVIDE IN WRITING TO OWNER A GUARANTEE FOR ALL PLANT MATERIAL PROVIDED. PROVIDE AONE-YEAR REPLACEMENT WARRANTY FOR ALL PLANT MATERIALS. WARRANTY SHALL COVER PLANTS WHICH HAVE DIED ORPARTIALLY DIED (THEREBY RUINING THEIR NATURAL SHAPE), BUT SHALL NOT INCLUDE DAMAGE BY VANDALISM, BROWSING, HAIL,ABNORMAL FREEZES, DROUGHT OR NEGLIGENCE BY THE OWNER. THE WARRANTY IS INTENDED TO COVER CONTRACTORNEGLIGENCE, INFESTATIONS, DISEASE AND DAMAGE OR SHOCK TO PLANTS. PLANTS REPLACED UNDER WARRANTY WILL BEWARRANTED FOR ONE YEAR FOLLOWING REPLACEMENT.23.FOR NEWLY PLANTED TREES THE CALIPER IS THE TRUNK DIAMETER OF A TREE AT FOUR (6") INCHES ABOVE NATURAL GRADE PERTHE COMPOSITE ZONING ORDINANCE.24.ALL LANDSCAPING IS TO IRRIGATED IN ACCORDANCE WITH CITY STANDARDS. ALL IRRIGATION SYSTEMS TO BE FITTED WITH RAINAND FREEZE GAUGES IN ACCORDANCE WITH CITY STANDARDS25.WATER AND SEWER LINE: ALL WATER AND SEWER LINES AND THEIR SIZES SHALL BE SHOWN ON THE LANDSCAPE PLAN, INCLUDINGFIRE DEPT. CONNECTION.NEW TREE PLANTINGN.T.S.NEVER CUT LEADER12" min. all sides12" min. all sidesSPECIFIED MULCH - 3" MIN. DEPTHENTIRE TREE BASINSET TOP OF ROOT BALL 3"ABOVE FINISH GRADE. BUILD3" HT. SAUCER AROUNDPLANTING PIT WITH TOPSOIL.UNCOMPACTED NATIVE SOIL/UNDISTURBED SUBGRADEPLANTING MIX APPROVED BYLANDSCAPE ARCHITECT. WATERAND TAMP TO REMOVE SIDE ANDBOTTOM AIR POCKETS 6" MIN.ARBORSTAKES TREE STAKES.INSTALL PER MANUFACTURE'SSPECIFICATIONSNOTE:FOR BALL & BURLAPREMOVE WIRE/TWINEFROM AROUND BURLAP,FOLD TOP THIRDDOWN OR CUT/REMOVEPRIOR TO BACKFILL.6" min.1ORNAMENTAL TREE PLANTINGN.T.S.6"UNCOMPACTED NATIVE SOIL/UNDISTURBED SUBGRADEAPPROVED PLANTING MIX OR EQUAL BYLANDSCAPE ARCHITECT. WATER AND TAMPTO REMOVE SIDE AND BOTTOM AIR POCKETS6" MIN.BUILD 3" HT. SAUCER AROUND PLANTINGPIT WITH TOPSOIL.SPECIFIED MULCH - 3" MIN. DEPTH ENTIRETREE BASINTRIM UP TO 1/3 OF BRANCHES, RETAININGTHE NATURAL SHAPE OF THE TREE12"MIN. ALLSIDESSET TOP OF ROOT BALL 3" ABOVE FINISHGRADE.FINISH GRADE WITH TOPSOIL3"ARBORSTAKES TREE STAKES. INSTALL PERMANUFACTURE'S SPECIFICATIONS2SHRUB PLANTING (SINGLE & BED PLANTING) N.T.S.3" MIN.DEPTH OFCONTAINER4" MIN.TWICE BALL DIA.NOTE: SHRUB ORGROUNDCOVER LAYOUTREFER TO PLANTINGPLAN LIST FOR SPACINGMAINTAIN SAUCER ON ALL SIDESOF THE PLANT TO RETAIN WATERAND MULCHPLANTING MIX APPROVED BYLANDSCAPE ARCHITECT; WATERAND TAMP TO REMOVE AIRPOCKETS 6" MIN. ALL SIDESSHRUB ROOTBALL CROWN TO BEFLUSH WITH FINISH GRADEFINISH GRADE WITH TOPSOILROUGH GRADENATIVE SUBGRADESHRUB ROOTBALL SHALL BE FLUSH WITHGRADE. PREVENT SETTLING OF SHRUBBY COMPACTING SOIL MIX BELOW BALL.FINISH GRADE WITH TOPSOIL3/16" STAINLESS STEEL EDGING, 1" ABOVEGRADE, REFER TO PLAN FOR LOCATIONS.INSTALL PER MANUFACTURER'SSPECIFICATIONS.PLANTING MIX APPROVED BYLANDSCAPE ARCHITECT.UNCOMPACTED NATIVE SOIL.MULCH AS INDICATED ON PLANTING PLAN.SHREDDED HARDWOOD MULCH 3" MIN. DEPTHMULCH AS INDICATED ON PLANTINGPLAN. SHREDDED HARDWOODMULCH 3" MIN. DEPTHBEDPLANTINGSINGLEPLANTING3PLANTING NOTES & DETAILS----263 1 CITY OF THE COLONY, TEXAS ORDINANCE NO. 2022-_____ SITE PLAN – EAST 50 GRANDSCAPE PHASE II ADDITION LOT 1R OF BLOCK E AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, APPROVING A SITE PLAN APPLICATION FOR LOT 1R, BLOCK E OF THE EAST 50 GRANDSCAPE PHASE II ADDITION, FOR A PROPOSED 8,158 SQUARE-FOOT RESTAURANT WITH 1,588 SQUARE-FOOT OUTDOOR DINING AND DRIVE-THRU SERVICE KNOWN AS “PORTILLOS HOT DOGS” ON AN APPROXIMATELY 1.029 ACRE (44,835 SQUARE FEET) TRACT LOCATED AT THE NORTHEAST CORNER OF THE INTERSECTION OF GRANDSCAPE BOULEVARD AND DESTINATION DRIVE AND IS WITHIN THE PLANNED DEVELOPMENT 25 ZONING DISTRICT (PD- 25), AKA GRANDSCAPE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A REPEALER CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Planning and Zoning Commission and the City Council of the City of The Colony, Texas, in compliance with the laws of the State of Texas, and the Code of Ordinances of the City of The Colony, Texas, have given requisite notices and consideration of the site plan application and related plans, and the City Council of the City of The Colony, Texas, is of the opinion and finds that Site Plan Application No. SP22-0003 for a proposed 8,158 square-foot restaurant with 1,588 square-foot outdoor dining and drive-thru service known as “Portillos Hot Dogs” on an approximately 1.029 acre (44,835 square feet) tract located at the northeast corner of the intersection of Grandscape Boulevard and Destination Drive and is within the Planned Development 25 Zoning District (PD-25), aka Grandscape, should be approved. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1. That the findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2.That the City Council of the City of The Colony, Texas, does hereby approve the Site Plan, Landscape Plan and building elevations, and Photometric Plan applicable to Lot 1R of Block E in the East 50 Grandscape Phase II area of PD-25, copies of which are attached hereto as Exhibit A of this Ordinance. SECTION 3.That it is hereby declared to be the intention of the City Council of the City of The Colony, Texas, that the phrases, clauses, sentences, paragraphs and sections of this Ordinance are severable, and if any phrase, clause, sentence, paragraph or section of this 264 2 Ordinance shall be declared unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such unconstitutionality shall not affect any of the remaining phrases, clauses, sentences, paragraphs and sections of this Ordinance, since the same would have been enacted by the City Council without the incorporation of this Ordinance of any such unconstitutional phrase, clause, sentence, paragraph or section. SECTION 4. That any provision of any prior ordinance of the City whether codified or uncodified, which are in conflict with any provision of this Ordinance, are hereby repealed to the extent of the conflict, but all other provisions of the ordinances of the City whether codified or uncodified, which are not in conflict with the provisions of this Ordinance, shall remain in full force and effect. SECTION 5. That this Ordinance shall become effective immediately upon its passage. DULY PASSED by the City Council of the City of The Colony, Texas, this 19th day of April, 2022. Richard Boyer, Mayor ATTEST: Tina Stewart, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 265 3 Exhibit A 266 Agenda Item No:5.4 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Isaac Williams Submitting Department: Engineering Item Type: Discussion Agenda Section: Subject: Discuss and consider an ordinance regarding the Site Plan application of “Jefferson Grandscape,” an approximately 319-unit multi-family development on approximately 3.614 acres. The subject site is located south of the intersection of Destination Drive and Grove Lane (Grandscape) within the Planned Development 25 (PD-25) District aka Grandscape zoning district. (Williams) Suggested Action: Please see the attached staff report, drawings, maps, and illustrations for detailed land use, site layout and staff recommendations. Attachments: SP21-0011 CC Staff Report Jefferson at Grandscape- Site Plan(final).doc SP21-0011.pdf Project Narrative (final).pdf Development Plans for ordinance (final).pdf Ord. 2022-xxxx Jefferson Grandscape Site Plan.doc 267 1 CITY COUNCIL REPORT AGENDA DATE:April 19, 2022 DEPARTMENT:Development Services Department ______________________________________________________________________________ SUBJECT SP21-0011 Jefferson Grandscape- Site Plan Discuss and consider an ordinance regarding the Site Plan application of “Jefferson Grandscape,” an approximately 319-unit multi-family development on approximately 3.614 acres. The subject site is located south of the intersection of Destination Drive and Grove Lane (Grandscape) within the Planned Development 25 (PD-25) District aka Grandscape zoning district. DEVELOPER/ENGINEER Developer:JPI Real Estate Acquisition, LLC Irving, TX Engineer: Kimley-Horn and Associates Dallas, TX EXISTING CONDITION OF PROPERTY The subject property is currently an undeveloped lot within the Grandscape Development. The surrounding area is mostly developed with commercial retail, restaurant and entertainment uses. PROPOSED DEVELOPMENT The applicant requests to develop an approximately 319-unit, five (5) story multi-family development, containing multi-level parking structure and interior courtyard. ADJACENT ZONING AND LAND USE North - Planned Development 25 (PD-25) Grandscape- Live Grandscape South - Planned Development 25 (PD-25) Grandscape- Undeveloped East - Planned Development 25 (PD-25) Grandscape- The Truck Yard West- Planned Development 25 (PD-25) Grandscape- Fire Station 4 DEVELOPMENT REVIEW COMMITTEE (DRC) REVIEW The Development Review Committee (DRC) finds that proposed Site Plan meets the requirements of the Zoning Ordinance as outlined in the Staff Report. PRIOR ACTION/REVIEW (Council, Boards, Commissions) On April 12, 2022, The Planning and Zoning Commission voted (4-0) to recommend approval of the proposed Site Plan for “Jefferson Grandscape” as outlined in the Staff Report ATTACHMENTS 1. Staff Analysis 2. Location Map 3. Project narrative 4. Proposed Ordinance with Exhibits 268 2 Staff Analysis Land Use Analysis The applicants request is to construct a five (5) story multi-family development containing approximately 319 units on 3.581 acres. The development known as “The Jefferson Grandscape” is permitted within the “Grandscape” Planned Development 25 (PD-25) Development. The subject site is located within the southeastern quadrant of the Grandscape Development. Future development on adjacent tracts is anticipated however, at this time nearby development only consists of the Truck Yard development and Fire Station 4. The proposed development will contain a mix of unit sizes and configurations; the applicant proposes the following unit breakdown: Elevations The elevation plan reflect facades containing contemporary architecture in an earth tone color pallet, which includes shades of brown and a variety of material changes, and multi-colored stone accents. The color selection and percentages are consistent with other residential establishments within the Grandscape development. Each façade contains significant horizontal and vertical expressions through material or color changes and articulations such as projections and recesses. The maximum building height is reflected at fifty-eight (58’) feet to the top of the mezzanine. A parapet extends beyond the mezzanine for architecture and screening of roof top equipment; roof top equipment is fully screened behind the extent of the parapets. Circulation and Parking The proposed development is bound on all three sides by public right of way (Destination Drive, Grove Lane, and [future] Jefferson Avenue; no parking is permitted along Destination Drive and Grove Lane. Jefferson Avenue provides on street parking and is the primary access to the interior parking structure dedicated to residents of the Jefferson Grandscape. The six-level parking structure accommodates 425 spaces for 319 units. Landscaping and Amenities The proposed development is located within a platted lot, and will establish landscape specific to the site design. The landscape plan reflects 15,743 square-feet dedicated to landscape including a ten-foot landscape buffer along the perimeter of the development and interior spaces for recreation and leisure. Specifically, the development will provide an approximately 862 square foot pool, “Beer Garden,” Dog Park and Entry Plaza as amenity areas for the residents.The perimeter landscape provides a variety of species designed to create a street edge as respite along the pedestrian walkways. The overall a variety of large and, small ornamental trees, shrubs, and ground cover is consistent with the landscape intents for development within the Grandscape Planned Development. Unit type # Units Unit size sqft (min./avg.) Studio 57 540/ 626 1 Bedroom 166 690/ 801 2 Bedroom 81 1,095/ 1,267 3 Bedroom 15 1,478/ 1,578 269 3 Development Review Committee Review The Development Review Committee (DRC) finds that proposed Site Plan meets the requirements of the Zoning Ordinance and recommends approval. PRIOR ACTION/REVIEW (Council, Boards, Commissions) On April 12, 2022, The Planning and Zoning Commission voted (4-0) to recommend approval of the proposed Site Plan for “Jefferson Grandscape” as outlined in the Staff Report 270 GROVE L NDESTINATIONDRPD25 This map w as generat ed by G IS data provided by The Colony G IS Departm ent. T he City of The Colony does not guarantee the correct ness oraccuracy of any feat ures on this map. T hes e digital produc ts are f or llust ration purposes only and ar e not suitable for site-s pec ific dec is ion mak ing. ±Project No . SP21-0011 - Pro ject Name: Jeff erso n Grand scap e Gran d sca pe A dd n Ph 2 Pla nn e d Deve lo pme nt , P D25 SubjectArea 271 JPI Grandscape, The Colony Firm Registration F-928 Memorandum Copyright © 2021, Kimley-Horn and Associates, Inc.1 To: The City of The Colony Owner:The Colony, LDC Developer:JPI Real Estate Acquisition, LLC 600 E. Las Colinas Blvd, Suite 1800 Irving, Texas, 75039 Phone: 972-373-3945 Contact: Bryan Grant Engineer:Kimley-Horn and Associates, Inc. 2201 West Royal Lane, Suite 275 Irving, Texas, 75063 Phone: 214-420-5600 Contact: Joe Fraccaro, P.E. Date: November 29, 2021 Subj: Project Narrative - JPI Grandscape Jefferson Grandscape will be a 5 story market rate multifamily residential community featuring extensive amenities and quality upgraded interior finishes including 3 courtyards, resort style pool, sky lounge, fitness center and more. The average home size will be around 925 sf with a mix of one, two and three bedroom floor plans. 272 UP UP UP LEVEL 1 597' -6" LEVEL 2 609' -1 7/8" LEVEL 3 620' -9 3/4" LEVEL 4 632' -5 5/8" LEVEL 5 644' -1 1/2" LEVEL M EZZ 655' -8 5/8" TOP OF PLATE 654' -2 5/8" 45' - 1"22' - 4 1/2"114' - 1"9' - 8"34' - 11"14' - 1"30' - 9"7' - 7 1/2"102' - 5"25' - 2 1/2"23' - 3"15' - 4"47' - 11" LEVEL 1 597' -6" LEVEL 2 609' -1 7/8" LEVEL 3 620' -9 3/4" LEVEL 4 632' -5 5/8" LEVEL 5 644' -1 1/2" LEVEL M EZZ 655' -8 5/8" TOP OF PLATE 654' -2 5/8" GARAGE ENTRY GARAGE ENTRY 12' - 0"93' - 6 1/2"76' - 10"82' - 9"81' - 10"55' - 4 1/2"9' - 9 1/2"11' - 7 1/2"11' - 5"29' - 1 1/2"10' - 0" COLORS: A-WHITE SW7004 SNOWBOUND B-GREY SW007 CLASSI C FRENCH GREY C-PEANUT SILVAWOOD- PEANU T BRITTLE D-BLACK SILVAWOOD- SW6258 TRI CORN BLACK E-DARK BRONZE NO.40 D-DUSTY CHANTI LLY LACE H-LIMESTONE EL DORADO STONE I-IRONSPOT I RONSPOT EXTERIOR MATERIALS FC-01 FC-02 FC-03 FC-04 STU-01 MTL-01 MTL-02 MTL-03 MTL-04 MAS-01 ST-01 GL-01 GL-02 SCR-01 FIBER CEM ENT PREFI NI SHED FI BER CEM ENT TRI M PREFI NI SHED FIBER CEM ENT LAP SIDI NG (RANDOM) FI BER CEM ENT TRI M STUCCO ARCHITECTURAL EXPOSED M ETAL METAL SCREEN METAL PANEL MI SC. M ETALS KI NG BRICK STONE GLAZING GLASS RAI LI NG MESH FI BERGLASS EXTERIOR COLORS A B C D E F G H I WHI TE GRAY PEANU T BLACK DARK BRONZE TEAK DUSTY LI M ESTONE I RONSPOT 23' - 3"25' - 2 1/2"140' - 10"47' - 11"15' - 4"14' - 1"34' - 11"9' - 8"114' - 1"22' - 4 1/2"45' - 6 1/2" MATERIAL SQFT.% 16,546 SQFT 100 % NET SOLID SURFACE AREA GLASS 16,546 SQFT 4,587 SQFT 78 % 22 % TOTAL SURFACE AREA:21,133 SQFT 100 % NET SURFACE AREA: FI BER CEMENT M ETAL PANEL STUCCO BRICK STONE VENEER 8,350 SQFT 0 SQFT 1,184 SQFT 820 SQFT 6,192 SQFT 51 % 0 % 7 % 5 % 37 % 12' - 0"29' - 1 1/2"64' - 5"76' - 10"82' - 9"81' - 10"55' - 4 1/2"9' - 9 1/2"11' - 8"11' - 4"29' - 1 1/2"10' - 0" MATERIAL SQFT.% 20,623 SQFT 100 % NET SOLI D SU RFACE AREA GLASS 20,623 SQFT 6,623 SQFT 76 % 24 % TOTAL SURFACE AREA:27,246 SQFT 100 % NET SURFACE AREA: FI BER CEMENT M ETAL PANEL STUCCO BRICK STONE VENEER 11,354 SQFT 0 SQFT 2,046 SQFT 1,777 SQFT 5,446 SQFT 55 % 0 % 10 % 9 % 26 % "Not for regulatory approv al, permitting, or construction" WDG Architecture Project No: tel. WDG Architecture Dallas, PLLC 2001 Bryan Street Suite 3100 Dallas, TX 75201 214.969.5311 No Description Date 21018 xA4.31 OVERALL ELEVATI ONS © 2022 SCALE:1/16" = 1'-0"1 GROVE LANE (EAST) ELEVATI ON SCALE:1/16" = 1'-0"2 JEFFERSON AVENUE (SOUTH) ELEVATI ON SCALE:1/16" = 1'-0"4 FLOOR PLAN KEY -EAST PERI M ETER SCALE:1/16" = 1'-0"3 FLOOR PLAN KEY -SOUTH PERIM ETER CITY CASE FILE NUMBER: SP21-0011 CONSTRUCTION DOCS 03.11.2022 CONSTRUCTION DOCS 04.11.2022 273 LEVEL 1 597' -6" LEVEL 2 609' -1 7/8" LEVEL 3 620' -9 3/4" LEVEL 4 632' -5 5/8" LEVEL 5 644' -1 1/2" LEVEL MEZZ 655' -8 5/8" TOP OF PLATE 654' -2 5/8" '''''12' - 0"'104' - 4"'''33' -5 1/2"33' -3 1/2"63' -3"25' -2"9' -10 1/2"12' -2"12' -11 1/2"104'-10"32' -3"9' -10"95' -2 1/2" COLORS: A-WHITE SW7004 SNOWBOUND B-GREY SW007 CLASSI C FRENCH GREY C-PEANUT SILVAWOOD- PEANU T BRITTLE D-BLACK SILVAWOOD- SW6258 TRI CORN BLACK E-DARK BRONZE NO.40 D-DUSTY CHANTI LLY LACE H-LIMESTONE EL DORADO STONE I-IRONSPOT I RONSPOT EXTERIOR MATERIALS FC-01 FC-02 FC-03 FC-04 STU-01 MTL-01 MTL-02 MTL-03 MTL-04 MAS-01 ST-01 GL-01 GL-02 SCR-01 FIBER CEM ENT PREFI NI SHED FI BER CEM ENT TRI M PREFI NI SHED FIBER CEM ENT LAP SIDI NG (RANDOM) FI BER CEM ENT TRI M STUCCO ARCHITECTURAL EXPOSED M ETAL METAL SCREEN METAL PANEL MI SC. M ETALS KI NG BRICK STONE GLAZING GLASS RAI LI NG MESH FI BERGLASS EXTERIOR COLORS A B C D E F G H I WHI TE GRAY PEANU T BLACK DARK BRONZE TEAK DUSTY LI M ESTONE I RONSPOT 104' - 10"12' - 11 1/2"12' - 2"9' - 10 1/2"25' - 2"63' - 3"33' - 3 1/2"33' - 5 1/2" MATERIAL SQFT.% FI BER CEM ENT METAL PANEL STUCCO BRI CK STONE VENEER 5,839 SQFT 1,790 SQFT 2,240 SQFT 2,075 SQFT 2,393 SQFT 41 % 12 % 16 % 14 % 17 % 14,337 SQFT 100 % NET SOLI D SURFACE AREA GLASS 14,337 SQFT 5,620 SQFT 72 % 28 % TOTAL SURFACE AREA:19,957 SQFT 100 % NET SURFACE AREA: "Not for regulatory approv al, permitting, or construction" WDG Architecture Project No: tel. WDG Architecture Dallas, PLLC 2001 Bryan Street Suite 3100 Dallas, TX 75201 214.969.5311 No Description Date 21018 xA4.32 OVERALL ELEVATI ONS © 2022 SCALE:1/16" = 1'-0"1 DESTI NATI ON DRI VE (WEST) ELEVATION (M AIN FACADE) SCALE:1/16" = 1'-0"2 FLOOR PLAN KEY WEST PERIM ETER CITY CASE FILE NUMBER: SP21-0011 CONSTRUCTION DOCS 03.11.2022 CONSTRUCTION DOCS 04.11.2022 274 POOL COURTYARD AMENITY COURTYARD 2 DOG PARK ENTRY PLAZA EV EV METER ROOM FIRE PUMP ROOM BIKE STOR MAINT. METER ROOM TRASH POOL EQUIP. ROOM METER ROOM METER ROOM LEASING/AMENITY AMENITY E1 W W W W W W W W W W W W W W W W W W W W SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SWWWWWWWWWT P T PTPTP-E))ERSON A9EN8E A WIDE RIGHTO)WA< WWWWWWWWWWW W W W W W W WWWWWWWWWW W W W W G G G G GASG A S G A S G A S G A S G A S G A S G A S G A S GASGASGASGASGASGASGASGASGASG G A S WWWWWWWWWWWWWWWWWWWWW W WW W N 4 W . 4 ¨ R . L 4.1 CB N1 W C 41. S1 W 4. N1 E . N44 E 41.1 S 4 E . 4 4 1 ELECTRIC EASE0ENT DOC. NO. 1 P.R.D.C.T. SIDEWALK AND 8TILIT< EASE0ENT LOT 1R, BLOCK A GRANDSCAPE ADDITION INST. NO. 1 4 P.R.D.C.T. LOT GRANDSCAPE ADDITION PHASE II DOC. NO. 1 O.P.R.D.C.T. THE COLON< LOCAL DE9ELOP0ENT CORPORATION DOC. NO. 14 O.P.R.D.C.T. L0G 9ENT8RES LLC DOC. NO. 1 41 O.P.R.D.C.T. THE COLON< LOCAL DE9ELOP0ENT CORPORATION DOC. NO. 14 O.P.R.D.C.T. LOT GRANDSCAPE ADDITION PHASE II INST. NO. 1 O.P.R.D.C.T. LOT 4R1, BLOCK H GRANDSCAPE ADDITION PHASE II INST. NO. ________ O.P.R.D.C.T. ¨ 1 R . L . CB N 4W C 1. R.O.W. R.O.W. 1 SANITAR< SEWER EASE0ENT N4 W 4. ¨ 1 41 R . L 11. CB N44 E C 111. S 4 W . ¨ 1 4 R 4. L . CB N1 E C .1 S W 44. N E 4 .1 ¨ R 4. L 44.4 CB S4 E C 44.4 N1 E.4 GRO 9 E L A N E R IG H T O ) W A < DO C . NO . 1 O. P . R . D . C . T .GRO 9 E L A N E R IG H T O ) W A < DO C . NO . 1 O. P . R . D . C . T .GRO 9 E L A N E R IG H T O ) W A < DO C . NO . 1 O. P . R . D . C . T .DESTINATION DRI9E A WIDE RIGHTO)WA< DOC. NO. 14, O.P.R.D.C.T.))E . ))E . ))E . ))E . ))E . ))E . ))E . ))E . 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NO. 111 ST8DIO 8NITS 1 BEDROO0 8NITS 1 BEDROO0 8NITS 1 BEDROO0 8NITS 1 TOTAL 8NITS 1 RE48IRED PARKING # 1.8NIT 4 PROPOSED PARKING 1. 8NIT 4 DENSIT<.4 8NITSAC )LOOR TO AREA RATIO . , 1 S)1,44 S) B8ILDING )OOTPRINT AREA 11,1 S) LOT CO9ERAGE 11,1 S)1,44 S) TOTAL I0PER9IO8S AREA 1,44 S) NORTH LOCATION 0AP N.T.S. 9ICINIT< 0AP CASE )ILESP111LEGEND 275 UP 2 A5.01 3 A5.01 1 A5.02 4 6 7 4 6 5 A7.01 1 A7.02 1 1 1 1 1 8 8 12 12 12 10' - 0"10' - 0" 13 13 14 14 151515 10 9 10 3 655' - 9 1/2" 13 13 13 13 13 6 G-A7.2410' - 0"10' - 0"3 A5.02 4 A5.02 2 G-A5.21 A7.03 6 A7.07 4 13 15 16 13 1 A5.01 4 A5.01 2 A5.02 MATCHLINEMATCHLINEMATCHLINE 15 15 15 16 1/4" /121/4" /121/4" /121/4" /121/4" /121/4" /12 1/4" /12 1/4" /121/4" /121/4" /121/4" /121/4" /121/4" /121/4" /12 1/4" /12 1/4" /121/4" /121/4" /121/4" /121/4" /121/4" /12 1/4" /12 1/4" /12 1/4" /121/4" /121/4" /121/4" /121/4" /121/4" /12 1/4" /12 1/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121/2" /121 /2 " /1 21/2" /121 /2 " /1 2 1 /2 " /1 2 1/2" /12 15 13 13 13 1/4" /12 13 13 15 16 13 13 13 4 61/2" /121/2" /1214 14 12 13 6 4 9 12 1515 15 15 15 15 15 5 13 171/2" /121/4" /12 4 6 6 4 15 151/4" /121/4" /121/4" /121/4" /121/4" /1215 1/4" /121/4" /12 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 1/4" /121/2" /121/4" /1215 15 14 8 1 G-A5.21 6-LEVEL PARKING STRUCTURE. REFER TO SEPARATE SET FOR DOCUMENTATION ROOF PLAN KEYNOTES ROOF PLAN GENERAL NOTES 1. FLAT ROOF TO BE SLOPED WITH TOP CHORD ROOF TRUSSES. RIGID INSULATION USED AT CRICKETS TO DRAINS. 2. ROOFING ASSEMBLY IS TPO MEMBRANE ON 3/4 PLYWOOD DECK, AND WOOD TRUSSES AS REQUIRED BY STRUCTURAL. 3. ROOF TO BE FILLED WITH INSULATION TO MEET R-38 VALUE AND VENTILATION TO BE PROVIDED IN CAVITY ABOVE INSULATI ON. 4. VENTILATION TO BE PROVIDED WITH ROOF POWER VENTS AND AIR INTAKE COORDINATED WITH MECHANICAL. 5. CONDENSING UNITS TO BE ANCHORED TO PLYWOOD DECK. REF. MECHANICAL SHEETS FOR ROUTING. TO BE COORDINATED WITH STRUCTURAL & MECHANICAL. 6. PROVIDE SEPARATION SHEET BETWEEN INSULATION AND ROOF MEMBRANE 7. ALL FIELD FABRICATED PARAPET WALL METAL COPING SHALL HAVE JOINTS CONSTRUCTED USING A STANDARD SEAM DETAIL PER SMACNA STANDARDS PLAN NORTH TRUE NORTH "Not for regulatory approval, permitting, or construction" WDG Architecture Project No: tel. WDG Architecture Dallas, PLLC 2001 Bryan Street Suite 3100 Dallas, TX 75201 214.969.5311 No Description DateAPARTMENTS 210184050 DESTINATION DRIVE, THE COLONY, TEXAS 75070A2.06JEFFERSON GRANDSCAPEOVERALL ROOF PLAN © 2022 SCALE:1/16" = 1'-0"1 ROOF PLAN 1 ROOFING - CLASS 'A' ROOF - TPO ROOF ASSEMBLY. SEE PLAN FOR ROOF SLOPE. 2 36" x 36" HEAVY DUTY, EXTERIOR GRADE METAL ACCESS PANEL INSTALLED IN WALL MIN 12" ABOVE ADJACENT FINISHED ROOF. PROVIDE ADDITIONAL PANELS IF REQD & VERIFY LOCATIONS W/ ARCHITECT. FINISH TO MATCH ADJACENT WALL. 3 CRICKETS FORMED BY RIGID INSULATION - SEE ROOF PLAN FOR SLOPE. 4 A/C CONDENSERS 5 ROOF ACCESS STAIR PENTHOUSE - SEE STAIR PLANS. 6 WALKING PADS - 3'-0" x 3'-0" SQUARE 7 ELEVATOR PENTHOUSE - SEE ELEVATOR PLANS 8 ACCESS LADDER 9 NO PENETRATION ZONE 4' - 0" TYP.; 10' - 0" AT LOWER ROOF ADJACENT TO FIREWALL PER IBC § 706.6.1 EXCEPTION. 10 LINE OF 3-HR FIREWALL BELOW 11 TRASH/RECYCLE CHUTE W/ VENTED EXPLOSION CAP PER NFPA 82. CHUTE EXTENDS 4' ABOVE ADJACENT ROOF 12 PARAPET WALLS 13 CANOPY BELOW; 2% DOWNWARD SLOPE 14 DOWNSPOUT AND GUTTER 15 DOWNSPOUT AND OVERFLOW SCUPPER 16 ROOF HATCH 17 AWNING AT DOOR - 2% DOWNWARD SLOPE 18 LINE SET HOOD SCHEMATIC DESIGN 09.15.2021 DESIGN DEVELOPMENT 11.17.2021 DD PROGRESS SET 01.13.2022 CONSTRUCTION DOCS 03.11.2022 276 W W W W W W W W W W W W W W W W W W W W SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SWWWWWWWWWWWWWWWWWWWWWW W W W W W W WWWWWWWWWWW W W W ) ) ** * * & * ( * ) ) **$S* $ S * $ S * $ S * $ S * $ S * $ S * $ S * $ S *$S*$S*$S*$S*$S*$S*$S*$S*$S* $ S WWWWWWWWWWWWWWWWWWWWW W WW W W W EV EV METER ROOM FIRE PUMP ROOM BIKE STOR MAINT. METER ROOM TRASH POOL EQUIP. ROOM METER ROOM METER ROOM AMENITY E1 (/(&75,&($S(0(17 '2&12 35'&7 S,'(W$/.$1' 87,/,7<($S(0(17 /275%/2&.$ *5$1'S&$3($'',7,21 ,1S712 35'&7 /27 *5$1'S&$3($'',7,213+$S(,, '2&12 235'&7 /0*9(1785(S//& '2&12 235'&7 7+(&2/21</2&$/'(9(/230(17 &25325$7,21 '2&12 235'&7 /27 *5$1'S&$3($'',7,213+$S(,, ,1S712 235'&7 52W 52W S$1,7$5<S(W(5 ($S(0(17 7 3 7 373731 '(S7,1$7,21'5,9( IW38%/,&5W *52 9 ( / $1 ( I W 38 % / , & 5 W -())(5S21$9(18( IW38%/,&5W JEFFERSON GRANDSCAPE 7+(&2/21<7(;$S 29(5$//S,7(3/$1 1$ / 30'$3+1(%5,&(= ?7(03/$7(S?S+((7S?&'S+((7S?/$?S+((7;'W7 .(<0$3 S($/ S+((7180%(5 S+((77,7/( /$1''(S,*1352- S&$/( 352-(&7 1257+ 12'(S&5,37,21 '$7( 5(9,S,21,SS8$1&( 25,*,1$/S+((7S,=( ; 9(57 +25= &+(&.('%< '5$W1%< '(S,*1('%< $/3+$52$'S8,7( '$//$S7; WWW/$1''(S,*1&20 &$//%()25(<28',* 7(;$S21(&$//&(17(5 7(;$S ,7 S7+(/$W JPI (/$S&2/,1$S%/9' S8,7( ,59,1*7; 3 &/,(17 PRELIMINARY FOR REVIEW PURPOSES ONLY AND SHALL NOT BE USED FOR BIDDING, PERMITTING, OR CONSTRUCTION. Registered Landscape Architect of the State of Registration Number:2946 TEXAS Matthew S. Vinten '(S,*1'(9(/230(17 S(7 &$S(),/(S3 5(9,S(''(S,*1 '(9(/230(17S(7 S,7(3/$1 5(S8%0,77$/ CONSTRUCTION DOCUMENT SET &21S758&7,21 '2&80(17S(7 AREA CALCULATION FOR OUTDOOR AMENITIES AMENITY $5($ S) 322/&2857<$5' 727$/$5($ S) 322/ S) 322/'(&. S) S<17+(7,&785) S) 27+(5 S) %((5*$5'(1 S) '2*3$5.S) (175<3/$=$S) 277 W W W W W W W W W W W W W W W W W W W W SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS SWWWWWWWWWWWWWWWWWWWWW W W W W W WWWWWWWWWWWW W W W W ) ) ** * * & * ( * ) ) **$S* $ S * $ S * $ S * $ S * $ S * $ S * $ S * $ S *$S*$S*$S*$S*$S*$S*$S*$S*$S* $ S WWWWWWWWWWWWWWWWWWWWW W W WW W EV EV METER ROOM FIRE PUMP ROOM BIKE STOR MAINT. METER ROOM TRASH POOL EQUIP. 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Vinten '(S,*1'(9(/230(17 S(7 &$S(),/(S3 5(9,S(''(S,*1 '(9(/230(17S(7 S,7(3/$1 5(S8%0,77$/ CONSTRUCTION DOCUMENT SET &21S758&7,21 '2&80(17S(7 278 W W W W W W W W W W W W W W W W W W W W WW SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSWWWWWWWWWWWWWWWWWW W* A S * A S * A S * A S * A S * A S * A S * A S * A S WWWWWWWWWWWWWWWWWWWWWW W W W EV EV METER ROOM FIRE PUMP ROOM BIKE STOR MAINT. METER ROOM TRASH POOL EQUIP. ROOM METER ROOM METER ROOM AMENITY E1 ,C%N SA*5 DEST,NAT,2N D5,9E IW PU%L,C 5W -E))E5S2N A9ENUE IW PU%L,C 5W *52 9 E L A N E I W PU % L , C 5 W 5E)E5 T2 C,9,L PLANS )25 S,DEWAL. CU5% AND PA5.,N* L2T ,0P529E0ENTS 5E)E5 T2 C,9,L PLANS )25 S,DEWAL. CU5% AND PA5.,N* L2T ,0P529E0ENTS 5E)E5 T2 C,9,L PLANS )25 S,DEWAL. 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AND UT,L,T< EASE0ENT LANDSCAPE %U))E5 T5EE L2CAT,2N )T LANDSCAPE %U))E5 JEFFERSON GRANDSCAPE THE C2L2N< TE;AS PLANT,N* SCHEDULE CALCULAT,2N NA L P0 DAPHNE %5,CE = ?TE0PLATES?SHEETS?CD SHEETS?LA?SHEET;DWT N2T T2 SCALE NTS .E< 0AP SEAL SHEET NU0%E5 SHEET T,TLE LANDDES,*N P52- SCALE P52-ECT N25TH N2DESC5,PT,2N DATE 5E9,S,2N ,SSUANCE 25,*,NAL SHEET S,=E ; 9E5T H25= CHEC.ED %< D5AWN %< DES,*NED %< ALPHA 52AD SU,TE DALLAS T; WWWLANDDES,*NC20 CALL %E)25E <2U D,* TE;AS 2NECALL CENTE5 TE;AS ,T S THE LAW JPI E LAS C2L,NAS %L9D SU,TE ,59,N* T; P CL,ENT PRELIMINARY FOR REVIEW PURPOSES ONLY AND SHALL NOT BE USED FOR BIDDING, PERMITTING, OR CONSTRUCTION. Registered Landscape Architect of the State of Registration Number:2946 TEXAS Matthew S. Vinten DES,*N DE9EL2P0ENT SET CASE ),LE SP 5E9,SED DES,*N DE9EL2P0ENT SET S,TE PLAN 5ESU%0,TTAL CONSTRUCTION DOCUMENT SET C2NST5UCT,2N D2CU0ENT SET LANDSCAPE REQUIREMENT COMPLIANCE PD ORDINANCE 2011-1927 CITY OF THE COLONY, TEXAS LANDSCAPE AREA STANDA5D A5EA S) 5E4U,5ED P529,DED RI VLWH DUHD SHU PD DOO ODQGVFDSH DUHDV PXVW EH SODQWHG ZLWK WUHHV VKUXEV ODZQ DQG RWKHU OLYLQJ JURXQG FRYHU VI VI VI 10ft LANDSCAPE PERIMETER BUFFER STANDA5D L,NEA5 )EET 5E4U,5ED P529,DED FDQRS\ WUHH OI DEST,NAT,2N D5,9E OI FDQRS\ WUHHV FDO FDQRS\ WUHHV FDO FDQRS\ WUHH OI *529E LANE OI FDQRS\ WUHHV FDO FDQRS\ WUHH FDO RUQDPHQWDO WUHHV FDO FDQRS\ WUHH OI -E))E5S2N A9ENUE OI FDQRS\ WUHHV FDO RUQDPHQWDO WUHHV FDO T5EES C2DE 4T<%2TAN,CAL C2002N NA0E 0,N C2NT0,N CAL0,N HT %NDH %HWXOD QLJUD C%N0T)C DXUD HHDW 5LYHU %LUFK 0ATCH SPEC,0EN 0ULT,STE0 CANE 0A;C2NT CALCC HT CC2.CHUFLV FDQDGHQVLV C2NODKRPDC 2NODKRPD 5HGEXG 0ATCHED SPEC,0EN 0ULT,STE0 C2NT CALCC HT ,L92 ,OH[ YRPLWRULD <DXSRQ HROO\ 0ATCHED SPEC,0EN 0ULT,STE0 T5EE )250 CANE 0A; CAL EACH T5UN. C2NT CALCC HT LANA LDJHUVWURHPLD [ CNDWFKH]C WKLWH CUDSH 0\UWOH 0XOWLTUXQN 0ATCHED SPEC,0EN 0ULT,STE0 CANE C2NT CALCC HT 4USH 4XHUFXV VKXPDUGLL SKXPDUG 2DN 0ATCHED SPEC,0EN ST52N* CENT5AL LEADE5 C2NT CALCC HT ULC5 UOPXV FUDVVLIROLD CHGDU EOP 0ATCHED SPEC,0EN ST52N* CENT5AL LEADE5 C2NT CALCC HT ULPA UOPXV SDUYLIROLD CAOOHHC AOOHH LDFHEDUN EOP 0ATCHED SPEC,0EN ST52N* CENT5AL LEADE5 C2NT CALCC HT SH5U%S C2DE 4T<%2TAN,CAL C2002N NA0E 0,N C2NTSPAC,N*0,N HT A%5C AEHOLD [ C5RVH CUHHNC 5RVH CUHHN AEHOLD HEPA HHVSHUDORH SDUYLIORUD µPHUSD¶ PP %UDNHOLJKWV 5HG <XFFD ,C%N ,OH[ FRUQXWD C%XUIRUGLL NDQDC DZDUI %XUIRUG HROO\ ,C%U ,OH[ FRUQXWD C%XUIRUGLLC %XUIRUG HROO\ ,9NA ,OH[ YRPLWRULD CNDQDC DZDUI <DXSRQ LE)5 LHXFRSK\OOXP IUXWHVFHQV C*UHDGRC DHVSHUDGR TH[DV SDJH 0<CE 0\ULFD FHULIHUD DZDUI WD[ 0\UWOH 52P5 5RVPDULQXV RIILFLQDOLV CPURVWUDWXVC DZDUI 5RVHPDU\ SA*5 SDOYLD JUHJJLL AXWXPQ SDJH *5ASSES C2DE 4T<%2TAN,CAL C2002N NA0E 0,N C2NTSPAC,N*0,N HT %2U %L2 %RXWHORXD JUDFLOLV %ORQGH APELWLRQ %ORQGH APELWLRQ %OXH *UDPD PAHN PHQQLVHWXP DORSHFXURLGHV CHDPHOQC HDPHOQ DZDUI )RXQWDLQ *UDVV PEAL PHQQLVHWXP DORSHFXURLGHV CPLJOHWC PLJOHW DZDUI )RXQWDLQ *UDVV PE55EN,ALS ANNUALS C2DE 4T<%2TAN,CAL C2002N NA0E 0,N C2NTSPAC,N*0,N HT ECPU EFKLQDFHD SXUSXUHD %ULJKW SWDU %ULJKW SWDU PXUSOH CRQHIORZHU L0%%LLULRSH PXVFDUL C%LJ %OXHC %LJ %OXH LLO\WXUI L09A LLULRSH PXVFDUL C9DULHJDWDC 9DULHJDWHG LLO\WXUI PEAT PHURYVNLD DWULSOLFLIROLD CLLWWOH SSLUHC LLWWOH SSLUH 5XVVLDQ SDJH 5UH,5XGEHFNLD KLUWD %ODFNH\HG SXVDQ *52UND C29E5S C2DE 4T<%2TAN,CAL C2002N NA0E 0,N C2NTSPAC,N*0,N HT CA5 TE; VI CDUH[ WH[HQVLV TH[DV SHGJH C<DA VI C\QRGRQ GDFW\ORQ CTLI C %HUPXGD *UDVV S2D 2P-A 2SKLRSRJRQ MDSRQLFXV CDZDUIC DZDUI 0RQGR *UDVV P2TS PLANT SCHEDULE SECT,2N % SECT,2N C SECT,2N A *529E LANE 5E4U,5ED CAN2P< T5EES P529,DED CAN2P< T5EE 25NA0ENTAL T5EES 5EPLACE CAN2P< T5EES W,TH 25NA0ENTAL T5EES AND 5EDUCE %< -E))E5S2N A9ENUE 5E4U,5ED CAN2P< T5EES P529,DED 25NA0ENTAL T5EES 5EPLACE CAN2P< T5EES W,TH 25NA0ENTAL T5EES AND 5EDUCE %< E;,ST,N* T5EE 5EL2CAT,2N5E029AL N2TES E;,ST,N* T5EE 5E029AL T2 %E C225D,NATED W,TH THE C,T< 2) THE C2L2N< AND THE LANDL25D )25 T5EE 5EL2CAT,2N AND25 5EPLACE0ENT 281 1 CITY OF THE COLONY, TEXAS ORDINANCE NO. 2022-_____ SITE PLAN – JEFFERSON GRANDSCAPE AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, APPROVING A SITE PLAN APPLICATION FOR “JEFFERSON GRANDSCAPE,” A 319-UNIT, FIVE (5) STORY MULTI- FAMILY DEVELOPMENT, CONTAINING A MULTI-LEVEL PARKING STRUCTURE AND INTERIOR COURTYARD ON AN APPROXIMATELY 3.614 ACRE TRACT LOCATED SOUTH OF THE INTERSECTION OF DESTINATION DRIVE AND GROVE LANE (GRANDSCAPE) WITHIN THE PLANNED DEVELOPMENT 25 (PD-25) DISTRICT; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A REPEALER CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Planning and Zoning Commission and the City Council of the City of The Colony, Texas, in compliance with the laws of the State of Texas, and the Code of Ordinances of the City of The Colony, Texas, have given requisite notices and consideration of the site plan application and related plans, and the City Council of the City of The Colony, Texas, is of the opinion and finds that Site Plan Application No. SP21-0011 for the development of “Jefferson Grandscape,” a 319-unit, five (5) story multi-family development, containing a multi-level parking structure and interior courtyard on an approximately 3.614 acre tract located south of the intersection of Destination Drive and Grove Lane (Grandscape) within the Planned Development 25 (PD-25) District, should be approved. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1. That the findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2.That the City Council of the City of The Colony, Texas, does hereby approve the Site Plan, Landscape Plan, and Elevation Plan applicable to the approximately 3.614-acre tract of land in PD-25, located at the sourth of the intersection of Destination Drive and Gove Lane (Grandscape), copies of which are attached hereto as Exhibit A of this Ordinance. SECTION 3.That it is hereby declared to be the intention of the City Council of the City of The Colony, Texas, that the phrases, clauses, sentences, paragraphs and sections of this Ordinance are severable, and if any phrase, clause, sentence, paragraph or section of this Ordinance shall be declared unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such unconstitutionality shall not affect any of the remaining phrases, clauses, sentences, paragraphs and sections of this Ordinance, since the same would have been enacted by the City Council without the incorporation of this Ordinance of any such 282 2 unconstitutional phrase, clause, sentence, paragraph or section. SECTION 4. That any provision of any prior ordinance of the City whether codified or uncodified, which are in conflict with any provision of this Ordinance, are hereby repealed to the extent of the conflict, but all other provisions of the ordinances of the City whether codified or uncodified, which are not in conflict with the provisions of this Ordinance, shall remain in full force and effect. SECTION 5. That this Ordinance shall become effective immediately upon its passage. DULY PASSED by the City Council of the City of The Colony, Texas, this 19th day of April, 2022. Richard Boyer, Mayor ATTEST: Tina Stewart, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 283 3 Exhibit A 284 Agenda Item No:5.5 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Tina Stewart Submitting Department: City Secretary Item Type: Resolution Agenda Section: Subject: Discuss and consider approving a resolution casting the city's vote for a nominee to serve as a member of the Board of Managers for the Denco Area 9-1-1 District. (Council) Suggested Action: Attachments: Res. 2022-xxx Denco 911 Board Nomination.doc 285 CITY OF THE COLONY, TEXAS RESOLUTION NO. 2022 - ________ A RESOLUTION APPOINTING ONE MEMBER TO THE BOARD OF MANAGERS OF THE DENCO AREA 9-1-1 DISTRICT WHEREAS,Section 772, Health and Safety Code, provides that twovoting members of the Board of Managers of an Emergency Communications District shall be appointed jointly by all cities and towns lying wholly or partly within the District. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1.That the City of The Colony hereby votes for David Terre as a member of the Board of Managers for the Denco Area 9-1-1 Emergency Communication District. SECTION 2.That this resolution shall become effective immediately upon its passage and approval. PASSED AND APPROVED by the City Council of the City of The Colony, Texas, this _____ day of April 2022. Richard Boyer, Mayor City of The Colony, Texas ATTEST: Tina Stewart, TRMC, CMC, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 286 Agenda Item No:6.1 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Tina Stewart Submitting Department: City Secretary Item Type: Discussion Agenda Section: Subject: A. Council shall convene into a closed executive session pursuant to Sections 551.072 and 551.087 of the Texas Government Code to deliberate regarding purchase, exchange, lease or value of real property and commercial or financial information the city has received from a business prospect(s), and to deliberate the offer of a financial or other incentive to a business prospect(s). Suggested Action: Attachments: 287 Agenda Item No:7.1 CITY COUNCIL Agenda Item Report Meeting Date: April 19, 2022 Submitted by: Tina Stewart Submitting Department: City Secretary Item Type: Discussion Agenda Section: Subject: A. Any action as a result of executive session regarding purchase, exchange, lease or value of real property and commercial or financial information the city has received from a business prospect(s), and the offer of a financial or other incentive to a business prospect(s). Suggested Action: Attachments: 288