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 • Traffic Impact • Ryan Road Options • Decision Points • Public Art • Project Selection • Total Funding 2
Forecast Scenarios Scenarios Assessed Value Max Debt Service Impact to $100,000 Total Program Cost Assumptions Tax Rate Increase Residential $ 235,000,000 5% $0.041 $41 $ 210,000,000 5% $0.032 $32 $ 180,000,000 5% $0.024 $24 • All programs maintain total tax rate below current rate Update: (assuming effective O&M rate) • • 2019 Certified Values Received A portion of the proposed debt obligations will be issued • Freeze Adjust AV increased 11.3% annually over six years beginning in FY2020 * Max debt service tax rate increases have been included in City produced documents such as previous Bond Booklets 3
Assessed Value History Property Value Growth (Annual Percentage Change) Total Assessed Value 16% $14,000,000,000 13.32% 14% $12,000,000,000 11.48% 11.52% 12% $10,000,000,000 9.53% 10% 8.54% 8.23% $8,000,000,000 8% 6% $6,000,000,000 4.59% 3.81% 3.31% 4% 2.93% $4,000,000,000 2% 0.58% $2,000,000,000 0% -2% $0 -1.55% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019* * Includes Frozen Values 11.3% Increase in Non-Frozen Tax Year Values 2019 Estimate Based on Preliminary AV 4
Police Firing Range Internal process to develop revised option • Contacted the Staff at Collin County College’s Public Safety Training Center o Collin College’s new gun range opened in Fall 2018 o 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 operational 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 5
Police Firing Range • 4’ - 6’ Wide Shooting Lanes Firing Range Cost Estimate Range Area Structure $2.6M • Includes 15 Lanes Shooting Range Equipment $1M Classroom, Office, & Support Spaces 0.7M • Rubber Media Trap General Conditions/Contigignency $1M Total $5.3M • Full Tactical to 25 Yards 6
Police Firing Range Overall Floor Plan 7
Police Firing Range Enlarged Office Floor Plan 8
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. 9
Growth Areas Area 2 PROJECT SELECTION: • Demand in high growth areas • Historically unsafe roadways Area 3 • Regional connectivity • Capacity improvements • Funding opportunities • Improve safety in adjacent neighborhoods Area 1 June 13, 2019 ID 19-449 10
Area 1 – Upcoming Developments 11
Floodplain Impacts 12
Area 2 – Upcoming Developments 13 June 13, 2019 ID 19-449
Area 3 – Upcoming Developments 14 June 13, 2019 ID 19-449
Hickory Creek Accident History 15 June 13, 2019 ID 19-449
Hickory Creek Traffic Impact 16 June 13, 2019 ID 19-449
Hickory Creek Traffic Impact Area 3 – Upcoming Developments 17 June 13, 2019 ID 19-449
Hickory Creek Traffic Impact 18 June 13, 2019 ID 19-449
Hickory Creek Traffic Impact 19 June 13, 2019 ID 19-449
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 20
Ryan Road With Sidewalks and Drainage Improvements • 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 July 18, 2019 21
Decision Points • Public Art • Project Selection • Total Bond Program Funding 22
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: 23
Project Costs Total project Potential Bond Cost Costs 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 24
Project Selection Project Total Project Cost Bond Cost Running Total Police Station Renovation $36M $ 40,000,000 $ 36,000,000 $ 36,000,000 SCBAC 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 Recommendation: 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 • Projects Hickory Creek Rd. $34M $ 160,000,000 $ 34,000,000 $ 192,900,000 Sidewalks Program $12M $ 12,000,000 $ 204,900,000 $ 12,000,000 Street Lighting $10M* $5M - $15M $ 11,000,000 $ 215,900,000 • Total Funding 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 25
Questions? 26
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