SCBAC 2019 SCBAC Recommendation David Gaines Finance Director - - PowerPoint PPT Presentation

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SCBAC 2019 SCBAC Recommendation David Gaines Finance Director - - PowerPoint PPT Presentation

Mar 19, 2023 343 likes •609 views

SCBAC 2019 SCBAC Recommendation David Gaines Finance Director July 25, 2019 1 Objectives Financial Update Police Firing Range Major Roadway Project Updates Growth Areas Floodplain Impacts Upcoming Development

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SCBAC 2019 SCBAC Recommendation

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David Gaines Finance Director July 25, 2019

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Objectives

  • Financial Update
  • Police Firing Range
  • Major Roadway Project Updates
  • Growth Areas
  • Floodplain Impacts
  • Upcoming Development
  • Traffic Impact
  • Ryan Road Options
  • Decision Points
  • Public Art
  • Project Selection
  • Total Funding

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Forecast Scenarios

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* Max debt service tax rate increases have been included in City produced documents such as previous Bond Booklets

  • All programs maintain total tax rate below current rate

(assuming effective O&M rate)

  • A portion of the proposed debt obligations will be issued

annually over six years beginning in FY2020

Update:

  • 2019 Certified Values Received
  • Freeze Adjust AV increased 11.3%

Total Program Cost Assessed Value Assumptions Max Debt Service Tax Rate Increase Impact to $100,000 Residential 235,000,000 $ 5% $0.041 $41 210,000,000 $ 5% $0.032 $32 180,000,000 $ 5% $0.024 $24 Scenarios

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Total Assessed Value

Tax Year

* Includes Frozen Values 11.3% Increase in Non-Frozen Values 2019 Estimate Based on Preliminary AV

Assessed Value History

3.31% 0.58%

  • 1.55%

2.93% 4.59% 3.81% 11.48% 8.54% 8.23% 13.32% 9.53% 11.52% $0 $2,000,000,000 $4,000,000,000 $6,000,000,000 $8,000,000,000 $10,000,000,000 $12,000,000,000 $14,000,000,000

  • 2%

0% 2% 4% 6% 8% 10% 12% 14% 16% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019*

Property Value Growth (Annual Percentage Change)

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Police Firing Range

  • Contacted the Staff at Collin County College’s Public Safety Training

Center

  • Collin College’s new gun range opened in Fall 2018
  • Collin College utilized G2 Solutions Inc. as the design firm for their

gun range

  • City of Denton requested a proposal to develop a concept plan and
  • perational requirements and contracted with G2 for consulting services
  • G2 provided concept plan options and project estimation in mid-July for

PD review

  • It is staff’s opinion that the Gun Range can be bundled with the

construction of the Police substation to realize economies of scale and minimize cost escalation

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Internal process to develop revised option

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Police Firing Range

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Range Area Structure $2.6M Shooting Range Equipment $1M Classroom, Office, & Support Spaces 0.7M General Conditions/Contigignency $1M Total $5.3M Firing Range Cost Estimate

  • 4’-6’ Wide Shooting Lanes
  • Includes 15 Lanes
  • Rubber Media Trap
  • Full Tactical to 25 Yards
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Police Firing Range

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Overall Floor Plan

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Police Firing Range Enlarged Office Floor Plan

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Police Firing Range

  • Indoor ranges are protected from weather, and provide sound

mitigation, around the clock availability

  • Bullet traps/baffles are designed to protect from projectiles

leaving the building

  • Baffles also provide sound mitigation
  • HEPA ventilation needed to protect from airborne lead particles

and other combustion byproducts.

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Growth Areas

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PROJECT SELECTION:

  • Demand in high growth areas
  • Historically unsafe roadways
  • Regional connectivity
  • Capacity improvements
  • Funding opportunities
  • Improve safety in adjacent

neighborhoods

Area 1 Area 2 Area 3

June 13, 2019 ID 19-449

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Area 1 – Upcoming Developments

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Floodplain Impacts

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June 13, 2019 ID 19-449

Area 2 – Upcoming Developments

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June 13, 2019 ID 19-449

Area 3 – Upcoming Developments

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June 13, 2019 ID 19-449

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Hickory Creek Accident History

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June 13, 2019 ID 19-449

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Hickory Creek Traffic Impact

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June 13, 2019 ID 19-449

Area 3 – Upcoming Developments

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Hickory Creek Traffic Impact

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June 13, 2019 ID 19-449

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Hickory Creek Traffic Impact

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June 13, 2019 ID 19-449

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Hickory Creek Traffic Impact

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Ryan Road

W/O Sidewalks and Drainage Improvements

  • Limits: Teasley Lane to Country

Club Road

  • Scope: Widen approximately 2

miles from 2 lanes to 3 lanes. No Drainage Improvements or sidewalks

  • Characteristics/LOS: Peak LOS D or

worse

  • Total Cost: $10M
  • City Cost: $4M

July 18, 2019

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  • Limits: Teasley Lane to

Country Club Road

  • Scope: Widen approximately

2 miles from 2 lanes to 3

  • lanes. Drainage and

sidewalks

  • Characteristics/LOS: Currently

LOS D or worse

  • Total Cost: $25M
  • City Cost: $19M

Ryan Road

With Sidewalks and Drainage Improvements

July 18, 2019

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Decision Points

  • Public Art
  • Project Selection
  • Total Bond Program Funding

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Public Art

  • The Committee can recommend from zero percent up to

two percent of the 2019 bond-funded vertical construction costs for public art funding.

  • Funding can be split between Propositions.
  • SCBAC Recommendation:

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Project Costs

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PD Renovation Project $ 40,000,000 $ 36,000,000 Fire Station 8 $ 5,400,000 $ 4,900,000 PD Substation Project $ 21,000,000 $ 21,000,000 PD Firing Range $ 5,000,000 $ 5,000,000 Total Prop 1 $ 71,400,000 $ 66,900,000 Proposition 2: Roadways Bonnie Brae (V, VI, VII) $ 111,500,000 $ 27,000,000 Hickory Creek $ 160,000,000 $ 34,000,000 Street Rehab Program $ 70,000,000 $ 70,000,000 Sidewalks $ 12,000,000 $ 12,000,000 Robinson Road $ 12,300,000 $ 12,300,000 Ryan Road $10M - $25M $4M-19M Jim Christal $ 16,800,000 $ 1,680,000 FM 428 $ 44,000,000

  • Total Prop 2

$436M - $451M $161M - $176M Street Lighting $5M - $15M $5M - $15M Open Space $5M - $15M $5M - $15M $10M-$30M $10M-$30M Total $517M - $552M $238M - 273M Total project Cost Potential Bond Costs

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Project Selection

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SCBAC Recommendation:

  • Projects
  • Total Funding

Project Total Project Cost Bond Cost Running Total

Police Station Renovation $36M 40,000,000 $ 36,000,000 $ 36,000,000 $ Fire Station 8 $4.9M 5,400,000 $ 4,900,000 $ 40,900,000 $ Police Substation $21M 21,000,000 $ 21,000,000 $ 61,900,000 $ Street Rehab Program $70M 70,000,000 $ 70,000,000 $ 131,900,000 $ Bonnie Brae (V,VI,VII) $27M 111,500,000 $ 27,000,000 $ 158,900,000 $ Hickory Creek Rd. $34M 160,000,000 $ 34,000,000 $ 192,900,000 $ Sidewalks Program $12M 12,000,000 $ 12,000,000 $ 204,900,000 $ Street Lighting $10M* $5M - $15M 11,000,000 $ 215,900,000 $ Ryan Rd. $4M * $10M - $25M 4,000,000 $ 219,900,000 $ Robinson Rd. $12.3M 12,300,000 $ 12,300,000 $ 232,200,000 $ Police Firing Range $5M 5,000,000 $ 5,000,000 $ 237,200,000 $ Open Space (Land Acquisition) $10M $5M - $15M 10,000,000 $ 247,200,000 $ Jim Christal Rd. $1.7M 16,800,000 $ 1,700,000 $ 248,900,000 $ McKinney Street $52.9M 52,900,000 $ 52,900,000 $ 301,800,000 $ Public Art (2% Vertical Construction $1.3M) 1,300,000 $ * For Discussion Purposes Projects Recommended by SCBAC on July 18th

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Questions?