DOCSLIB.ORG

City Manager's Office 215 E. Mckinney St., Denton, TX 76201

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
City Manager's Office 215 E. Mckinney St., Denton, TX 76201 City Manager’s Office 215 E. McKinney St., Denton, TX 76201 (940) 349-8307 MEMORANDUM DATE: October 2, 2020 TO: The Honorable Mayor Watts and Council Members FROM: Todd Hileman, City Manager SUBJECT: Friday Staff Report I. Council Schedule A. Meetings 1. Committee on the Environment Meeting on Monday, October 5, 2020 at 9:00 a.m. via video/teleconference – City Council Work Session Room. 2. City Council Luncheon on Monday, October 5, 2020 at 11:30 a.m. via video/teleconference – City Council Work Session Room. 3. Work Session of the City Council on Tuesday, October 6, 2020 at 3:00 p.m. followed by a Regular Meeting at 6:30 p.m. via video/teleconference – City Council Work Session Room. Public Comment Available 4. Library Board on Wednesday, October 7, 2020 at 1:00 p.m. via video/teleconference – City Council Work Session Room. Public Comment Available 5. Cancelled - Agenda Committee Meeting Wednesday, October 7, 2020 at 2:30 p.m. in the City Manager’s Conference Room. 6. Work Session of the Planning and Zoning Commission on Wednesday, October 7, 2020 at 5:00 p.m. followed by a Regular Meeting at 6:30 p.m. via video/teleconference – City Council Work Session Room. Public Comment Available 7. Community Development Advisory Committee Meeting on Thursday, October 8, 2020 at 2:00 p.m. via video/teleconference – City Council Work Session Room. OUR CORE VALUES Integrity Fiscal Responsibility Transparency Outstanding Customer Service II. General Information & Status Update A. Mayoral Approval for Outdoor Event – On September 28 and October 2, 2020, Mayor Chris Watts issued letters of approval for the following outdoor events that will be more than 10 people. • Trunk or Treat at Teasley Commons • 2020 Twilight Tunes The Mayor’s letters of approval are attached to this report as are the request materials for the events. Staff contact: Ryan Adams, Customer Service and Public Affairs B. General Manager of Utilities – Dr. Kenny Banks recently notified us of his decision to retire from the City effective November 6. Dr. Banks has been an invaluable member of the City’s leadership team in his role as General Manager of Utilities as well as being an expert resource for all environmental and sustainability matters impacting the community. Dr. Banks served the Denton community for 20 years. He plans to relocate to Rockport, Texas and has accepted a position with another city in that vicinity. We ask you to join us in congratulating Dr. Banks and wish him well in this next stage of his professional career. Staff is currently evaluating proposals from several executive recruitment firms to conduct a national search to refill the position of Director of Environmental Services and Sustainability. We anticipate the search process will take 3-4 months. In the interim, the Environmental and Sustainability groups will report to Tony Puente, Executive Manager of Utilities, until a permanent replacement is in place. Staff contact: Tony Puente, Utilities C. Positive COVID-19 with Denton Parks and Recreation – • North Lakes Recreation Center - On Wednesday, September 29, staff learned that a person who visited North Lakes Recreation Center the evening of Friday, September 25, for a program tested positive for COVID-19. The person was wearing a mask the entire time they were at the facility. North Lakes Recreation Center was cleaned that evening by staff on duty and again by the City’s contract janitorial service before opening Saturday. The facility will remain open. However, the program has moved to a virtual platform for the next two weeks. Staff Contact: Caroline Seward, Parks and Recreation • Vela Sports Complex – On Tuesday, September 29, staff learned that two individuals who attended the Youth Flag Football game at 11:30 a.m. tested positive for COVID-19. The individuals were spectators for the game and maintained their social distance from others. The spectators did not interact with anyone else outside of the immediate family. Again, on September 30, staff received a report that a person who attended the Youth Flag Football game at 3 p.m. tested positive for COVID-19. The individual was also a spectator for the game and maintained their social distance from others. The spectator wore a mask in and out of the facility and only removed it when they were socially 2 distanced from others while seated. The spectator did not interact with anyone else outside of the immediate family. Based on the information provided, Parks and Recreation athletic staff do not have reason to believe that either case is related as they include different age divisions, took place in a later part of the day, and involved new individuals in attendance. The Youth Flag Football program has established additional safety measures for the players, spectators, coaches, and staff members: • The playing field has markings for the spectators that are 10 feet back from the sideline, with circles painted along the field’s length with a circumference of 4 feet set at 6 feet apart. • The players sanitize their hands prior, in between, and after each game. • The game ball is sanitized and rotated out throughout the game. • Officials and staff members wear a face covering and maintain social distance from other individuals. • It is recommended that coaches and players wear masks, but this is not required because they are considered active on the playing field. • Spectators must wear face coverings when going in and out of the facility and when unable to social distance from non-family groups. The Flag Football league activities will resume as normal. Staff will provide an update if any further development occurs. Staff contact: Chris Escoto, Parks and Recreation D. Council Contingency Funds – At the beginning of each Fiscal Year, each Council Member is allocated $1,700 in Council Contingency Funds that can be distributed to local non-profit organizations as requested by the Council Member. Because the funds are reset on October 1, they are usually available for Council Members who were elected into office during the previous May’s elections or continuing to serve their second year. Because the election has been rescheduled from May to November this year due to COVID-19, staff will postpone processing all Council Contingency Fund requests until November, following the election, so that newly seated Council Members have the ability to allocate the Council Contingency funds that are available for their seat. Staff contact: Stuart Birdseye, City Manager’s Office E. Denton County COVID-19 Relief Fund (CRF) Eviction Prevention Program Update – As of September 25, the United Way of Denton County (UWDC) COVID-19 Relief Fund (CRF) Eviction Prevention program has provided 2,073 households in Denton County with 3,493 months of financial assistance. To date, 694 Denton residents have been provided 1,286 months of assistance. Beginning the week of September 14, UWDC transitioned away from processing CRF referrals internally and began referring households in need of CRF assistance back out to local agencies. This change comes in preparation for the current December 31, 2020 end-date for CRF assistance, as Congress has still not passed legislation that would extend the use of these funds into the new year. UWDC will continue to maintain enough capacity to receive direct referrals for COVID-19 related utility assistance from the City of Denton’s Customer Service team. The United Way of Denton County shared the attached furlough notice (with personally identifying information redacted) given to a client whose first-time request for assistance was approved September 25; the notice is representative of the 3 continued economic reverberations of the pandemic. Staff contact: Courtney Cross, Community Services F. FEMA Reimbursements – Due to the disaster declaration resulting from the COVID- 19 pandemic, local governments are eligible to seek partial reimbursement through FEMA for certain expenses incurred related to the management and mitigation of COVID-19. FEMA accepts reimbursement requests for eligible Category B expenses, defined as (emergency protective measures such as medical, personal protective equipment, disinfectant). The deadline to submit for reimbursements was September 25, 2020. The City is eligible to submit for a 75% federal cost share reimbursement for eligible Category B Expenses (emergency protective measures such as medical, personal protective equipment, disinfectant) incurred due to the COVID- 19 pandemic. Staff has submitted three separate project applications for reimbursement for certain COVID-19 expenses for a total of $219,333. The City’s anticipated reimbursement of $166,950 assumes full 75% reimbursement and is subject to final approval by FEMA. Staff will continue to track COVID-19 related expenses not submitted in the three projects and explore the possibility of utilizing CRF funding for reimbursement. The Texas Department of Emergency Management (TDEM) is the Recipient of federal funding and will make all designated funds available to the City once projects are approved by FEMA. The process in its entirety should take approximately 4 to 6 weeks. Staff will update Council on the status of the projects as they progress. Staff contact: Cassey Ogden, Finance G. Non-annexation Agreement (NAA) Update – As of Thursday, October 1, 2020, the staff has received a total of 125 signed NAAs out of 148 that were mailed out or emailed to property owners that have Ag exemptions on their properties. This leaves 23 NAAs still outstanding. Because we want to give property owners additional time to submit their signed NAAs and to bring forward as many NAAs for your consideration at one time, staff is moving the agenda item to consider the NAAs from October 6 to October 20. Between now and October 20, staff will continue to reach out to those that have not yet submitted their signed NAAs.
Load more

Recommended publications
  • R. Paul Battaglio, Jr
    CURRICULUM VITAE R. PAUL BATTAGLIO, JR. Business Address THE UNIVERSITY OF TEXAS AT DALLAS PUBLIC AND NONPROFIT MANAGEMENT PROGRAM 800 WEST CAMPBELL ROAD, GR31 RICHARDSON, TEXAS 75080-3021 OFFICE: (972) 883-5344 E-MAIL: [email protected] Education PHD THE UNIVERSITY OF GEORGIA, SCHOOL OF PUBLIC AND INTERNATIONAL AFFAIRS, DEPARTMENT OF PUBLIC ADMINISTRATION AND POLICY, DOCTOR OF PHILOSOPHY, PUBLIC ADMINISTRATION, 2005 FIELDS: PUBLIC ADMINISTRATION, PUBLIC POLICY, PUBLIC MANAGEMENT MPA LOUISIANA STATE UNIVERSITY, PUBLIC ADMINISTRATION INSTITUTE, E. J. OURSO COLLEGE OF BUSINESS, MASTER OF PUBLIC ADMINISTRATION, 2000 BS LOUISIANA STATE UNIVERSITY, E. J. OURSO COLLEGE OF BUSINESS, BACHELOR OF SCIENCE, ECONOMICS – INTERNATIONAL TRADE AND FINANCE, 1997 Research and Teaching Interests PUBLIC HUMAN RESOURCE MANAGEMENT, ORGANIZATION THEORY AND BEHAVIOR, PUBLIC AND NONPROFIT MANAGEMENT, PROJECT AND CONTRACT MANAGEMENT, COMPARATIVE PUBLIC POLICY, RESEARCH METHODS Academic Appointments FULL PROFESSOR (WITH TENURE), PUBLIC AND NONPROFIT MANAGEMENT PROGRAM, SCHOOL OF ECONOMIC, POLITICAL AND POLICY SCIENCES, THE UNIVERSITY OF TEXAS AT DALLAS, FALL 2017 – PRESENT. MPA DIRECTOR, PUBLIC AND NONPROFIT MANAGEMENT PROGRAM, THE UNIVERSITY OF TEXAS AT DALLAS, AUGUST 2016 – PRESENT. ASSOCIATE PROFESSOR (WITH TENURE), PUBLIC AFFAIRS PROGRAM, SCHOOL OF ECONOMIC, POLITICAL AND POLICY SCIENCES, THE UNIVERSITY OF TEXAS AT DALLAS, SEPTEMBER 2010 – PRESENT. DIRECTOR, MASTER OF PUBLIC AFFAIRS, PUBLIC AFFAIRS PROGRAM, THE UNIVERSITY OF TEXAS AT DALLAS, JANUARY 2011 – DECEMBER 2011. ASSISTANT PROGRAM HEAD FOR ADVISING AND ENROLLMENT, PUBLIC AFFAIRS PROGRAM, THE UNIVERSITY OF TEXAS AT DALLAS, MAY 2008 – JANUARY 2011. 1 ASSISTANT PROFESSOR, PUBLIC AFFAIRS PROGRAM, SCHOOL OF ECONOMIC, POLITICAL AND POLICY SCIENCES, THE UNIVERSITY OF TEXAS AT DALLAS, MAY 2007 – AUGUST 2010. ASSISTANT PROFESSOR, DEPARTMENT OF PUBLIC ADMINISTRATION, GREENSPUN COLLEGE OF URBAN AFFAIRS, UNIVERSITY OF NEVADA LAS VEGAS, AUGUST 2005 – JUNE 2007.
    [Show full text]
  • ARA Newmark Announces the Sale of 420-Unit Portfolio in Fairview, Texas
    Press Contact: Amy Morris 404.990.4902 [email protected] FOR IMMEDIATE RELEASE ARA Newmark Announces the Sale of 420-Unit Portfolio in Fairview, Texas Properties’ Location Adjacent to Retail Destinations and Historically Strong Occupancy Leads to 26 Tours Fairview, TX (December 2015) — ARA, A Newmark Company (ARA Newmark) announces the sale of the 420-unit Cortona Portfolio in the Dallas suburb of Fairview, Texas. The portfolio includes Cortona Gardens, a 304-unit property and Cortona Lofts, a 116-unit property. Constructed in 2008, these two Class A assets are situated on 17.7 acres adjoining popular retail destinations, The Village at Fairview and The Village at Allen. ARA Newmark Executive Managing Directors Brian Murphy and Brian O’Boyle, Jr., Director Richard Furr and Vice Chairman Brian O’Boyle, Sr. led the marketing efforts for the two multihousing communities on behalf of Fairfield Fairview I L.P. and Fairfield Cortona Lofts Limited Partnership. Newly branded Lantower Residential was selected as the buyer. The NGKF Capital Markets team of Jamie Leachman and Maury Zanoff sourced the debt through Fannie Mae, enabling the buyer to close the transaction with debt in place in under 30 days. “Cortona Gardens and Cortona Lofts were performing very well, with strong occupancy numbers and positive rental trends,” Murphy stated. “We had a tremendous amount of investor activity due to the properties’ location in a high- growth corridor with proximity to major employment, great schools and a high quality of life. We eventually chose the buyer based on the company’s track record and ability to move swiftly.” The properties offer a total of 14 floor plans, averaging 912 square feet, and are situated along U.S.
    [Show full text]
  • Summary and Analysis Attachments
    Public Hearing Comment and Response Report SH 121: FM 423 to US 75/SH 121 Interchange 4. PUBLIC HEARING TRANSCRIPT Public Hearing Comment and Response Report SH 121: FM 423 to US 75/SH 121 Interchange 5. COPY OF WRITTEN COMMENTS COMMENTOR 1 From: Bettye Cravens [mailto:[email protected]] Sent: Thu 3/8/2007 3:20 PM To: Jennifer Halstead Subject: State Highway 121 Collin County Environmental Re-Evaluation Attached please find correspondence from Richard Abernathy. Bettye Cravens Legal Assistant to Richard M. Abernathy Abernathy, Roeder, Boyd & Joplin P.C. 1700 Redbud Blvd. Suite 300 McKinney, TX 75069 Main (214) 544-4000 Direct (214) 544-4028 Fax (214) 544-4040 e-mail [email protected] COMMENTOR 2 From: Audie Adkins [mailto:[email protected]] Sent: Thu 3/8/2007 8:17 AM To: Jennifer Halstead Cc: [email protected]; [email protected]; Rep. Ken Paxton ; Sheacy Thompson; Senator Florence Shapiro Subject: Letter concerning SH121 Attached is my letter stating my opposition to the tolling of SH 121, the timing of this public hearing and the significant environmental issues that have not been addressed concerning SH 121. Mrs. Audrey (Audie) Adkins 10905 Reisling Dr. Frisco, TX 75035 972-335-3788 March 8, 2007 To Governor Rick Perry, Chairman of TXDOT Ric Williamson Jennifer Halstead of HNTB I am in TOTAL opposition to the selling of SH 121 to foreign companies and the conversion to a toll road. This toll project has been ramrodded through the process so that TXDOT could have this portion of SH 121 converted to a toll way.
    [Show full text]
  • San Diego Smart Parking System: Concept of Operations
    CALIFORNIA PARTNERS FOR ADVANCED TRANSPORTATION TECHNOLOGIES INSTITUTE OF TRANSPORTATION STUDIES UNIVERSITY OF CALIFORNIA, BERKELEY San Diego Smart Parking System: Concept of Operations François Dion, PhD, Senior Development Engineer Krute Singa, Research Data Analyst Manju Kumar, Research and Development Engineer California PATH Research Report UCB-ITS-CWP-2011-5 The California Partners for Advanced Transportation TecHnologies work with researchers, practitioners, and industry to implement transportation research and innovation, including products and services that improve the efficiency, safety, and security of the transportation system. CALIFORNIA PARTNERS FOR ADVANCED TRANSPORTATION TECHNOLOGIES INSTITUTE OF TRANSPORTATION STUDIES UNIVERSITY OF CALIFORNIA, BERKELEY San Diego Smart Parking System: Concept of Operations François Dion, PhD, Senior Development Engineer Krute Singa, Research Data Analyst Manju Kumar, Research and Development Engineer California PATH Research Report UCB-ITS-CWP-2011-5 This work was performed by the California Center for Innovative Transportation, a research group at the University of California, Berkeley, in cooperation with the State of California Business, Transportation, and Housing Agency’s Department of Transportation, and the United States Department of Transportation’s Federal Highway Administration. The contents of this report reflect the views of the authors, who are responsible for the facts and the accuracy of the data presented herein. The contents do not necessarily reflect the official views
    [Show full text]
  • Dallas, Texas Allstate Bank of America
    DALLAS, TEXAS ALLSTATE BANK OF AMERICA HFF, L.P., as exclusive advisor, is pleased to present to qualified investors the opportunity INVESTMENT HIGHLIGHTS to acquire the Fortune 100 Campus Portfolio MISSION CRITICAL FACILITIES — The assets are best-in-class properties that have been consisting of two mission critical office institutionally maintained and managed since they were developed. Furthermore, both tenants have campuses 100% occupied by Allstate (S&P: invested significant capital in the facilities in the past 24 months. AA-) and Bank of America (S&P: A-). The FORTUNE 100 TENANCY — The campuses are occupied by two Fortune 100 corporations, Bank of million square foot Portfolio offers the America (#24; S&P: A-) and Allstate (#79; S&P: AA-), both major employers in the Dallas/Fort Worth rare opportunity to acquire two corporate metroplex. campuses leased to Fortune 100 companies in one of the most dynamic economies in the PREMIER LOCATIONS — Both assets are located in DFW’s most desirable markets for corporate United States. users, Las Colinas and Far North Dallas. UPSIDE POTENTIAL — The Properties will trade at a discount to replacement cost and have future upside with in-place rates 25% below current market rates. BOOMING DFW ECONOMY — DFW continues to be the national leader in job growth, population growth and office absorption. DFW created 116,000 jobs in 2018, leading the country. NO. OF S&P CREDIT PROPERTY RSF BUILDINGS OCC% RATING LEASE EXP Bank of America Campus 553,799 2 100% A- Jan-26 Allstate Freeport Campus 458,338 4 100% AA- Jun-25 TOTAL/WEIGHTED AVERAGE 1,012,137 6 2 | OFFERING SUMMARY | BANK OF AMERICA CAMPUS ASSET OVERVIEW The Bank of America Campus is a 553,799 square-foot, single-tenant office campus located in Addison, Texas, in the thriving Far North Dallas market.
    [Show full text]
  • An Evaluation of Induced Traffic on New Highway Facilities
    TGJchnlcal Reports Celtter Texas Transportation lnstltuta AN EVALUATION OF INDUCED TRAFFIC ON NEW HIGHWAY FACILITIES by Ronald W. Holder Assistant Research Engineer and Vergil G. Stover Study Supervisor Research Report 167-5 Urban Travel Forecasting Research Study Number 2-10-71-167 Sponsored by the Texas Highway Department in Cooperation with the U. S. Department of Transportation Federal Highway Administration TEXAS TRANSPORTATION INSTITUTE Texas A&M University College Station, Texas March, 1972 AN EVALUATION OF INDUCED TRAFFIC ON NEW HIGHWAY FACILITIES ABSTRACT . i SUMMARY . 0 ii IMPLEMENTATION STATEMENT . iv INTRODUCTION o o o 0 0 0 . 1 PROBLEM DEFINITION . 3 SEVERITY OF PROBLEM o o o o o o o o o o o o o o o o o o o 3 IDENTIFYING INDUCED TRAFFIC o • o o o o o o o o o o o o 0 0 4 ANALYSIS OF DATA . 0 0 0 . 6 PROCEDURE o o o o o o o o o o o 0 0 0 . 6 o o DATA FOR SPECIFIC LOCATIONS . 0 0 6 SUMMARY OF RESULTS 0 0 0 0 . 0 18 CONCLUSIONS AND RECOMMENDATIONS . 22 CHARACTERISTICS OF INDUCED TRAFFIC o o o o o o o o o o o o o o 22 CONSIDERATION OF INDUCED TRAFFIC IN FORECAST PROCEDURES o o o o 24 POSSIBLE FUTURE STUDIES o o o o o o o o o o o o o o o o o o o 0 0 29 APPENDIX A TRAFFIC CONGESTION INDEX 0 0 0 30 0 0 . ·- . MEASURE OF CONGESTION . 30 ESTIMATION PROCEDURES .
    [Show full text]
  • HILATELIST Pthe Journal of the Texas Philatelic Association
    NOVEMBER/DECEMER 2010 Volume 58, Number 6 THE TEXAS HILATELIST PThe Journal of the Texas Philatelic Association Uncertainty Disquiets Mexican Bicentennial 1830-35 Events Set Stage for Texas Revolution Pay Dues Promptly and Claim Your Discount! Park Cities Stamps Byron Sandfield 6440 North Central Expressway, Suite 316 Dallas, Texas 75206 e-mail: [email protected] For Appointment: (214) 361-4322 QUALITY POSTAL HISTORY Folded letter in German dated May 24, 1872, Matamoros, Mexico tied with Scott #148; Browsville, Texas, to London, England. Price — $300.00 Also, well-stocked in U.S., Classics, Revenues and Locals Please visit me at the Mid-Cities Stamp Expo and at stamp shows and bourses in Texas and beyond! contents THE TEXAS PHILATELIST FEATURES 3 Trustees alter Texas Series Award criteria, revise bylaws Arthur P. von Reyn 8 Scott Monthly Journal ends 142-year run Arthur P. von Reyn 11 1830-35 events set stage for Texas Revolution Arthur P. von Reyn 18 Uncertainty disquiets Mexican bicentennial Jerald A. Floyd 22 Barbara Jordan gets postal tribute in early 2011 Arthur P. von Reyn 26 Houston show gives visitors a splash of orange Jonathan Topper DEPARTMENTS 2 President’s Message 4 Your Letters 6 Editor’s Notes 16 Texas Connection 24 Calendar of Events 29 Texas Cancels 30 Chapters in Action NOVEMBER/DECEMBER 2010 Volume 58, Number 6 33 Crain’s Corner THE TEXAS PHILATELIST (ISSN 0893-2670) 34 Membership Report is published bimonthly by the Texas Philatelic As- sociation, Inc., 3916 Wyldwood Road, Austin, Texas ON THE COVER 78739-3005. In 1910, Mexico issued a set of POSTMASTER: Send address changes to: 11 stamps commemorating the TEXAS PHILATELIC ASSOCIATION centennial of independence, 3916 Wyldwood Rd.
    [Show full text]
  • Aligning Public-Private Partnership Contracts with Public Objectives for Transportation Infrastructure
    Aligning Public-Private Partnership Contracts with Public Objectives for Transportation Infrastructure Martha E. Gross Dissertation Submitted to the Faculty of the Virginia Polytechnic Institute and State University in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Civil Engineering Committee: Michael J. Garvin, Chair Gary R. Allen Gerardo W. Flintsch Raman Kumar August 18, 2010 Blacksburg, Virginia Keywords: public-private partnerships, procurement, transportation policy, toll roads, qualitative comparative analysis © 2010 Martha Gross Aligning Public-Private Partnership Contracts with Public Objectives for Transportation Infrastructure Martha E. Gross Abstract With its central role in the development of public-private partnership (PPP) contracts, procurement structure has a significant influence on the economic and policy success of privately-financed toll roads throughout their lifecycle. Following a review of PPP fundamentals and the public-policy differentiation between public interest and public objectives, several approaches for establishing the key contract strategies of toll pricing, concession length, and risk mitigation are explored. These underpinnings motivate the central research question: Given specific policy objectives for road pricing, how should public owners select PPP contract strategies which support these outcomes? Through qualitative comparative analysis (QCA), a recently-developed method for evaluating qualitative data quantitatively, patterns of PPP contract strategies which
    [Show full text]
  • Mckinney 121 STRIP Mckinney, TX (DALLAS MSA)
    McKINNEY 121 STRIP McKINNEY, TX (DALLAS MSA) SUBJECT PROPERTY PRICING & FINANCIAL ANALYSIS McKINNEY 121 STRIP McKinney 121 Strip 8480 TX-121 McKinney, TX 75070 OFFERING SUMMARY Price $2,735,000 Cap Rate 7.00% Net Operating Income $191,455 Price PSF $392.11 Occupancy 100.0% Year Built 2016 Gross Leasable Area 6,975 SF Lot Size 0.77 Acres FINANCIAL ANALYSIS 2 PRICING & FINANCIAL ANALYSIS McKINNEY 121 STRIP PROJECTED INCOME & EXPENSES CURRENT PSF EXPENSES CURRENT PSF Base Rent - Occupied Space 100% 192,033 $27.53 Real Estate Taxes $33,307 $4.78 Base Rent - Lease Up Space 0% $0.00 $0.00 Insurance $2,764 $0.40 GROSS POTENTIAL RENT $192,033 $27.53 CAM Expense Reimbursements Fire Alarm Monitoring $455 $0.07 Real Estate Taxes $33,307 $4.78 Landscaping $4,316 $0.62 Insurance $2,764 $0.40 Trash Disposal $2,196 $0.31 CAM $12,310 $1.76 Gas $655 $0.09 Mgmt. Fee $3,567 $0.51 Sewer / Stormwater Drainage $1,054.70 $0.15 Total Expense Reimbursements $51,947 $7.45 Water Building $666.25 $0.10 GROSS POTENTIAL INCOME $243,981 $34.98 Total CAM $11,931 $1.71 Vacancy Factor 0.00% $0.00 $0.00 Management Fee 1.85% $4,524 $0.65 EFFECTIVE GROSS REVENUE $243,981 $34.98 Total Expenses $52,525 $7.53 Operating Expenses Real Estate Taxes ($33,307) ($4.78) Insurance ($2,764) ($0.40) For Financing Options, Please Contact: CAM ($11,931) ($1.71) Greg Holley | Managing Partner High St Capital Mgmt. Fee 1.85% ($4,524) ($0.65) (O) 469-998-7200 | (C) 714.514.2990 [email protected] Total Recoverable Expenses ($52,525) ($7.53) Net Operating Income $191,455 $27.45 FINANCIAL ANALYSIS 3 RENT ROLL McKINNEY 121 STRIP Escalation Escalation Suite Tenant SQ FT % of SQFT Start End Annual Rent PSF Options Date Amount 101 Sprint 1,475 21.1% 1/27/2017 1/31/2027 $47,200 $32.00 11/1/2021 $35.00 2 x 5 102-104 Anytime Fitness 5,500 78.9% 7/9/2018 7/8/2024 $143,000 $26.00 8/9/2021 $28.00 1 x 5 Occupied 6,975 100.0% $190,200 $27.27 Vacant 0 0.0% Total 6,975 100.0% Lease Notes: • The analysis date for the Income & Expenses is June, 24 2020.
    [Show full text]
  • City of Plano Council Agenda Item
    CITY OF PLANO COUNCIL AGENDA ITEM CITY SECRETARY’S USE ONLY Consent Regular Statutory Council Meeting Date: 9/26/16 Department: Parks and Recreation Department Head Robin Reeves Agenda Coordinator (include phone #): Susan Berger (7255) CAPTION A Resolution of the City of Plano, Texas, approving the terms and conditions of a Real Estate Contract by and between Rasor & 121 Limited Partnership and the City of Plano, Texas, for the purchase of approximately 28.544 acres of land located east of Rasor Boulevard and south of Texas State Highway 121 in the City of Plano, Collin County, Texas, for the purpose of providing sites for future City facilities and as an addition to Legacy Trail; authorizing its execution by the City Manager or his authorized designee; and providing an effective date. FINANCIAL SUMMARY NOT APPLICABLE OPERATING EXPENSE REVENUE CIP Prior Year Current Future FISCAL YEAR: 2016-17 (CIP Only) Year Years TOTALS Budget 0 300,000 2,300,000 2,600,000 Encumbered/Expended Amount 0 0 -632,700 -632,700 This Item 0 0 -1,950,000 -1,950,000 BALANCE 0 300,000 -282,700 17,300 FUND(S): GENERAL FUND & PARK FEE PROGRAM CIP COMMENTS: Funding for this item is available in the 2015-16 CIP & 2016-17 Operating Budget. In addition to the $300,000 available from the Park Fee Program CIP, there is a companion agenda item for a supplemental appropriation totaling $1,650,000 for the General Fund which will provide the funding for land planned for future Police, Fire and Public Works facilities. This supplemental appropriation is possible due to sales tax revenues that exceeded revenue estimates in the 2015-16 Budget.
    [Show full text]
  • View Annual Report
    2014 ANNUAL REPORT A Strong Platform for Growth Through a Combination of Organic Growth and Acquisitions, We Now Have 165 Offices in Nine States Bank of the Ozarks’ Office Locations Arkansas 81 Georgia 28 Texas 21 California North Carolina 16 Florida 11 Alabama 3 South Carolina 2 New York 2 California 1 Total 165 This report contains forward-looking statements and reflects management’s current views of future economic circumstances, industry conditions, Company performance and financial results. These forward-looking statements are subject to a number of factors and uncertainties which could cause the Company’s actual results and experience to materially differ from anticipated results and expectations expressed in such forward-looking statements. A description of certain factors which may affect operating results may be found in this annual report under “Part I—Forward-Looking Information” and under “Item 1A. Risk Factors.” All scenic photographs from Bank of the Ozarks’ trade area. New York North Carolina South Carolina Arkansas Alabama Georgia Texas Florida 1 A Long-Term Perspective The outstanding results we achieved in 2014 reflect our commitment to excellence and our focus on long-term goals. Our constant pursuit of adding new customers, building relationships, improving performance and enhancing efficiency has produced great results. The following graphs provide a long-term perspective. Our Company is focused on both growth and profitability. We have achieved excellent long-term growth in loans, leases and deposits, while our net income and diluted earnings per common share have grown at similar rates. 4 160 Net Income $118.6 3 120 (Millions) Over the past ten years, we have $ 101.3 achieved compounded annual Earnings Per $91.2 Common Share $77.0 growth rates of 16.4% in net 2 80 (Diluted) $64.0 income and 14.6% in diluted $ $1.47 1.52 earnings per common share.
    [Show full text]
  • OFFERING MEMORANDUM LOST CREEK VILLAGE 1546 East Stacy Road | Allen, TX
    OFFERING MEMORANDUM LOST CREEK VILLAGE 1546 East Stacy Road | Allen, TX For More Information: George Tanghongs, SIOR, CCIM Shane Hariz Matthew C. Sullivan Principal Senior Investment Advisor, Partner Managing Director, Principal 972-934-4008 213-623-0800 ext. 2 213-623-0800 ext. 1 [email protected] [email protected] [email protected] BRE License # 00445363 BRE License # 02025736 BRE License # 00848427 4312 Eagle Rock Boulevard | Los Angeles, CA 90041 | 213.623.0800 | lee-isg.com 1546 East Stacy Road - Allen, TX Table of Contents SECTION I - EXECUTIVE OVERVIEW For more information, please contact Executive Summary. 4 one of the following individuals: Property Overview. 5 BROKERS MATTHEW SULLIVAN Managing Director SECTION II - PROPERTY DESCRIPTION 213.623.0800 ext. 1 Property Photos ...................................................................7 [email protected] Lic. 00848427 Site Plan ........................................................................8 Floor Plan .......................................................................9 SHANE HARIZ Senior Investment Advisor Aerial View ......................................................................10 213.623.0800 ext. 2 [email protected] Lic. 02025736 SECTION III - FINANCIAL ANALYSIS Income & Expense ...............................................................12 GEORGE TANGHONGS, SIOR, CCIM Principal Rent Roll .......................................................................13 972.934.4008 [email protected]
    [Show full text]