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Agenda Packet 06/28/2022Town of Trophy Club Meeting Agenda Packet Town Council 1 Trophy Wood Drive Trophy Club, Texas 76262 June 28, 2022 7:00 PM Council Chambers CALL TO ORDER AND ANNOUNCE A QUORUM ­ Mayor Fleury INVOCATION led by Pastor Jeff Brooks, Lake Cities Church of Christ  PLEDGES led by Council Member Flynn Pledge of Allegiance to the American Flag. Pledge of Allegiance to the Texas Flag. PUBLIC COMMENT(S) This is an opportunity for citizens to address the Council on any matter. The Council is not permitted to discuss or take action on any presentations made. Presentations are limited to matters over which the Council has authority. Speakers have up to four (4) minutes or the time limit determined by the Presiding Officer. Each speaker must have submitted their request to speak by completing the Speaker’s Form or may email mayorandcouncil@trophyclub.org ANNOUNCEMENTS AND REPORTS 1.Honor TCEVA President Suzanne Mills for 4 years of service to the Town of Trophy Club Police and Fire Departments (P. Arata and J. Wise). 2.Badge Pinning Ceremony for newly hired Fire Chief Jason Wise (W. Carroll). 3.Update on July 4th festivities (T. Jaramillo). PROCLAMATION(S) 4.Issuance of Proclamation 2022­10 proclaiming July 2022 as Parks and Recreation Month in the Town of Trophy Club; and recognizing Parks and Rec staff for their contributions to successful programs and events in Trophy Club (Mayor Fleury, T. Jaramillo). CONSENT AGENDA 5.Consider and take appropriate action to approve Resolution 2022­06 regarding the award of the Depository Services contract, and authorizing the Mayor or her designee to execute all necessary documents (M. Erwin) 6.Consider and take appropriate action to approve the Town Council Meeting Minutes of June 14, 2022 (A. Otterson). INDIVIDUAL ITEMS 7.Fiber Project update from One Source and Hunt Communications (W. Carroll). 8.Consider and take appropriate action approving Resolution 2022­07 appointing a Board Member to serve on the Denco 9­1­1 Board. (W. Carroll) 9.Consider the FY23 proposed budget calendar for the Town and related discussion. (M. Erwin) 10.Review Future Agenda Items List (W. Carroll). EXECUTIVE SESSION 11.Pursuant to the following designated section of the Texas Governmental Code, Annotated, Chapter 551 (Texas Open meetings Act), the Town Council will recess into executive session to discuss the following: a. Section 551.087 Economic Development – Deliberate Economic Development Negotiations regarding prospective commercial projects within the Town of Trophy Club. b. Section 55.071 Attorney­Client privilege      1. Deliberate possible Interlocal Agreement with multiple governmental entities to provide services to Trophy Club citizens.      2. Update on Norwood vs Trophy Club c. Section 551.074 Personnel Matters – deliberate the appointment, employment, evaluation, reassignment, duties, discipline or dismissal of a public officer or employee RECONVENE INTO REGULAR SESSION ADJOURN One or more members of the Town Council may participate remotely using video conferencing pursuant to Chapter 551 of the Texas Government Code. The Town Council may convene into executive session to discuss posted items as allowed by the Texas Open Meeting Act, LGC.551.071 CERTIFICATION I certify that the above notice was posted on the bulletin board at Trophy Club Town Hall, 1 Trophy Wood Drive, Trophy Club, Texas, on June 24, 2022 by 5:00 p.m. in accordance with Chapter 551, Texas Government Code. __________________________________ Anita Otterson Acting Town Secretary If you plan to attend this public meeting and have a disability that requires special needs, please contact the Town Secretary’s Office at 682­237­2900, 48 hours in advance, and reasonable accommodations will be made to assist you. 1 Town of Trophy ClubMeeting Agenda PacketTown Council 1 Trophy Wood DriveTrophy Club, Texas76262June 28, 2022 7:00 PM Council ChambersCALL TO ORDER AND ANNOUNCE A QUORUM ­ Mayor FleuryINVOCATION led by Pastor Jeff Brooks, Lake Cities Church of Christ PLEDGES led by Council Member FlynnPledge of Allegiance to the American Flag.Pledge of Allegiance to the Texas Flag.PUBLIC COMMENT(S)This is an opportunity for citizens to address the Council on any matter. The Councilis not permitted to discuss or take action on any presentations made. Presentationsare limited to matters over which the Council has authority. Speakers have up to four(4) minutes or the time limit determined by the Presiding Officer. Each speaker musthave submitted their request to speak by completing the Speaker’s Form or mayemail mayorandcouncil@trophyclub.orgANNOUNCEMENTS AND REPORTS1.Honor TCEVA President Suzanne Mills for 4 years of service to the Town of TrophyClub Police and Fire Departments (P. Arata and J. Wise).2.Badge Pinning Ceremony for newly hired Fire Chief Jason Wise (W. Carroll).3.Update on July 4th festivities (T. Jaramillo). PROCLAMATION(S) 4.Issuance of Proclamation 2022­10 proclaiming July 2022 as Parks and Recreation Month in the Town of Trophy Club; and recognizing Parks and Rec staff for their contributions to successful programs and events in Trophy Club (Mayor Fleury, T. Jaramillo). CONSENT AGENDA 5.Consider and take appropriate action to approve Resolution 2022­06 regarding the award of the Depository Services contract, and authorizing the Mayor or her designee to execute all necessary documents (M. Erwin) 6.Consider and take appropriate action to approve the Town Council Meeting Minutes of June 14, 2022 (A. Otterson). INDIVIDUAL ITEMS 7.Fiber Project update from One Source and Hunt Communications (W. Carroll). 8.Consider and take appropriate action approving Resolution 2022­07 appointing a Board Member to serve on the Denco 9­1­1 Board. (W. Carroll) 9.Consider the FY23 proposed budget calendar for the Town and related discussion. (M. Erwin) 10.Review Future Agenda Items List (W. Carroll). EXECUTIVE SESSION 11.Pursuant to the following designated section of the Texas Governmental Code, Annotated, Chapter 551 (Texas Open meetings Act), the Town Council will recess into executive session to discuss the following: a. Section 551.087 Economic Development – Deliberate Economic Development Negotiations regarding prospective commercial projects within the Town of Trophy Club. b. Section 55.071 Attorney­Client privilege      1. Deliberate possible Interlocal Agreement with multiple governmental entities to provide services to Trophy Club citizens.      2. Update on Norwood vs Trophy Club c. Section 551.074 Personnel Matters – deliberate the appointment, employment, evaluation, reassignment, duties, discipline or dismissal of a public officer or employee RECONVENE INTO REGULAR SESSION ADJOURN One or more members of the Town Council may participate remotely using video conferencing pursuant to Chapter 551 of the Texas Government Code. The Town Council may convene into executive session to discuss posted items as allowed by the Texas Open Meeting Act, LGC.551.071 CERTIFICATION I certify that the above notice was posted on the bulletin board at Trophy Club Town Hall, 1 Trophy Wood Drive, Trophy Club, Texas, on June 24, 2022 by 5:00 p.m. in accordance with Chapter 551, Texas Government Code. __________________________________ Anita Otterson Acting Town Secretary If you plan to attend this public meeting and have a disability that requires special needs, please contact the Town Secretary’s Office at 682­237­2900, 48 hours in advance, and reasonable accommodations will be made to assist you. 2 Town of Trophy ClubMeeting Agenda PacketTown Council 1 Trophy Wood DriveTrophy Club, Texas76262June 28, 2022 7:00 PM Council ChambersCALL TO ORDER AND ANNOUNCE A QUORUM ­ Mayor FleuryINVOCATION led by Pastor Jeff Brooks, Lake Cities Church of Christ PLEDGES led by Council Member FlynnPledge of Allegiance to the American Flag.Pledge of Allegiance to the Texas Flag.PUBLIC COMMENT(S)This is an opportunity for citizens to address the Council on any matter. The Councilis not permitted to discuss or take action on any presentations made. Presentationsare limited to matters over which the Council has authority. Speakers have up to four(4) minutes or the time limit determined by the Presiding Officer. Each speaker musthave submitted their request to speak by completing the Speaker’s Form or mayemail mayorandcouncil@trophyclub.orgANNOUNCEMENTS AND REPORTS1.Honor TCEVA President Suzanne Mills for 4 years of service to the Town of TrophyClub Police and Fire Departments (P. Arata and J. Wise).2.Badge Pinning Ceremony for newly hired Fire Chief Jason Wise (W. Carroll).3.Update on July 4th festivities (T. Jaramillo).PROCLAMATION(S)4.Issuance of Proclamation 2022­10 proclaiming July 2022 as Parks and RecreationMonth in the Town of Trophy Club; and recognizing Parks and Rec staff for theircontributions to successful programs and events in Trophy Club (Mayor Fleury, T.Jaramillo).CONSENT AGENDA5.Consider and take appropriate action to approve Resolution 2022­06 regarding theaward of the Depository Services contract, and authorizing the Mayor or her designeeto execute all necessary documents (M. Erwin)6.Consider and take appropriate action to approve the Town Council Meeting Minutes ofJune 14, 2022 (A. Otterson).INDIVIDUAL ITEMS7.Fiber Project update from One Source and Hunt Communications (W. Carroll).8.Consider and take appropriate action approving Resolution 2022­07 appointing aBoard Member to serve on the Denco 9­1­1 Board. (W. Carroll)9.Consider the FY23 proposed budget calendar for the Town and related discussion. (M.Erwin)10.Review Future Agenda Items List (W. Carroll).EXECUTIVE SESSION11.Pursuant to the following designated section of the Texas Governmental Code,Annotated, Chapter 551 (Texas Open meetings Act), the Town Council will recessinto executive session to discuss the following:a. Section 551.087 Economic Development – Deliberate Economic DevelopmentNegotiations regarding prospective commercial projects within the Town of TrophyClub.b. Section 55.071 Attorney­Client privilege     1. Deliberate possible Interlocal Agreement with multiple governmental entities toprovide services to Trophy Club citizens.     2. Update on Norwood vs Trophy Clubc. Section 551.074 Personnel Matters – deliberate the appointment, employment,evaluation, reassignment, duties, discipline or dismissal of a public officer oremployee RECONVENE INTO REGULAR SESSION ADJOURN One or more members of the Town Council may participate remotely using video conferencing pursuant to Chapter 551 of the Texas Government Code. The Town Council may convene into executive session to discuss posted items as allowed by the Texas Open Meeting Act, LGC.551.071 CERTIFICATION I certify that the above notice was posted on the bulletin board at Trophy Club Town Hall, 1 Trophy Wood Drive, Trophy Club, Texas, on June 24, 2022 by 5:00 p.m. in accordance with Chapter 551, Texas Government Code. __________________________________ Anita Otterson Acting Town Secretary If you plan to attend this public meeting and have a disability that requires special needs, please contact the Town Secretary’s Office at 682­237­2900, 48 hours in advance, and reasonable accommodations will be made to assist you. 3 Proclamation 2022-10 Town of Trophy Club, Texas A PROCLAMATION OF THE TROPHY CLUB TOWN COUNCIL PROCLAIMING JULY 2022 AS PARKS AND RECREATION MONTH IN THE TOWN OF TROPHY CLUB, TEXAS. WHEREAS parks and recreation is an integral part of communities throughout this country, including the Town of Trophy Club, Texas; and WHEREAS parks and recreation promotes health and wellness, improving the physical and mental health of people who live near parks; and WHEREAS parks and recreation promotes time spent in nature, which positively impacts mental health by increasing cognitive performance and well- being, and alleviating illnesses such as depression, attention deficit disorders, and Alzheimers; and WHEREAS parks and recreation encourages physical activities by providing space for popular sports, hiking trails, swimming pools and many other activities designed to promote active lifestyles; and WHEREAS parks and recreation is a leading provider of healthy meals, nutrition services and education; and WHEREAS parks and recreation programming and education activities, such as out-of-school time programming, youth sports and environmental education, are critical to childhood development; and WHEREAS parks and recreation increases a community’s economic prosperity through increased property values, expansion of the local tax base, increased tourism, the attraction and retention of businesses, and crime reduction; and WHEREAS parks and recreation is fundamental to the environmental well- being of our community; and WHEREAS parks and recreation is essential and adaptable infrastructure that makes our communities resilient in the face of natural disasters and climate change; and WHEREAS our parks and natural recreation areas ensure the ecological 4 beauty of our community and provide a place for children and adults to connect with nature and recreate outdoors; and WHEREAS the U.S. House of Representatives has designated July as Parks and Recreation Month; and WHEREAS the Town of Trophy Club recognizes the benefits derived from parks and recreation resources. NOW, THEREFORE, I, Alicia L. Fleury, Mayor of the Town of Trophy Club and on behalf of the Town Council hereby proclaims the month of July 2022 as: “Parks and Recreation Month” in the Town of Trophy Club, Texas. PASSED AND APPROVED by the Trophy Club Town Council this 28th day of June 2022. ____________________________ ____________________________ Anita Otterson Alicia L. Fleury, Mayor Acting Town Secretary Town of Trophy Club, Texas 5 Page 1 of 2 To: Mayor and Town Council From: Wade Carroll, Town Manager CC: Mike Erwin, Finance Director Anita Otterson, Interim Town Secretary Re: Depository Services RFA Town Council Meeting, June 28, 2022 Agenda Item: Consider and take appropriate action regarding the award of the Depository Services contract; and authorizing the Mayor or her designee to execute all necessary documents (Staff). Strategic Link: Exercise fiscal discipline. Background and Explanation The process for selecting a Primary Depository is governed by the State of Texas Local Government Codes: Chapter 105 Municipal Depository Act; Chapter 176 Conflict of Interest Act; Chapter 2256 Public Funds Investment Act; and Chapter 2257 Public Funds Collateral Act. As provided for in our Investment Advisory Services Contract, Staff worked with Valley View Consulting, LLC, to assist in the creation and implementation of the depository solicitation process. Staff received six (6) applications from qualified financial institutions. Staff, with the assistance of Valley View Consulting, LLC, analyzed and evaluated each application to determine which institution provided the most advantageous relationship for the Town. Based on the analysis, evaluation results and discussion with staff, it was determined that the terms offered by PlainsCapital Bank provide the “most advantageous” depository relationship to the Town. Valley View Consulting concurs with the staff recommendation that the Council award the Primary Depository Services contract to PlainsCapital Bank and authorize the Town Manager to execute the agreements necessary to begin a new banking relationship. 6 Page 2 of 2 Upon selection of the primary depository, the contract will commence on October 1, 2022 and terminate on September 30, 2024. The contract may be extended for three (3) additional one- year periods under the same terms and conditions. Financial Considerations: Based on current financial market and banking environment PlainsCapital is proposing to perform the City’s depository services while generating a projected net income to the Town of $54,507 over the full five-year term. Legal Review: N/A Board/Commission/Committee Recommendation: N/A Staff Recommendation: Staff recommends authorization of resolution 2022-___ awarding the Depository Contract to PlainsCapital Bank and authorizing the Mayor or her designee to execute all necessary documents necessary to implement the new banking relationship. Attachments: Resolution 2022-__ Project Recap Attachment A – Financial Analysis Attachment B – Full Response Analysis Mayor Alicia L. Fleury or designee 7 TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 2022-06 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS AWARDING THE DEPOSITORY CONTRACT TO PLAINSCAPITAL BANK AND AUTHORIZING THE MAYOR OR HER DESIGNEE TO EXECUTE ALL DOCUMENTS REQUIRED TO IMPLEMENT THE DEPOSITORY RELATIONSHIP. WHEREAS pursuant to Chapter 105 of the Texas Local Government Code the Town of Trophy Club is required to solicit for depository bank services every 5 years; and WHEREAS the Town has conducted a depository solicitation and has determined that PlainsCapital Bank has proposed the most advantageous depository relationship for the Town. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. That the Town Council does hereby authorize the Mayor or her designee to enter into a depository contract with PlainsCapital to provide depository and related banking services. Section 2. That this Resolution shall become effective from and after its date of passage in accordance with law. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas on this 28th day of June, 2022. Alicia Fleury, Mayor Town of Trophy Club, Texas ATTEST:[SEAL] APPROVED AS TO FORM: Anita Otterson, Acting Town Secretary J. David Dodd III, Town Attorney Town of Trophy Club, Texas Town of Trophy Club, Texas 8 2428 Carters Mill Road, Huddleston, VA 24104-4003 540.297.3419 June 15, 2022 Mr. Mike Erwin Finance Manager Town of Trophy Club 1 Trophy Wood Drive Trophy Club, Texas 76262 Dear Mr. Erwin: As part of the services provided under the current Investment Advisory Agreement, we appreciated and welcomed the opportunity to assist the Town of Trophy Club (the “Town”) with this Primary Depository Services Request for Applications (the “RFA”) project. The objective of this engagement was to select a primary depository bank following the expiration of the current contract which ends September 30, 2022. This agreement, when approved, will commence on October 1, 2022, and terminate on September 30, 2024. Upon the option of the Town, the contract may be extended for three (3) additional one (1) year periods under the same terms and conditions. Procedure The project began with the establishment of a calendar of events to ensure that the required project steps were performed in a timely and sequential manner. The process for selecting a Primary Depository is governed by the State of Texas Local Government Codes: Chapter 105 Municipal Depository Act; Chapter 176 Conflict of Interest Act; Chapter 2256 Public Funds Investment Act; and Chapter 2257 Public Funds Collateral Act. In order to enhance the competitiveness of the solicitation, as permitted by Chapter 105, the Town Council expanded the eligibility area by approving a policy accepting the staff recommendation that financial institutions in zip codes 76262 and 76092 were considered eligible to apply. In addition to complying with these State statutory requirements, it was necessary to understand and comply with the Town’s financial, purchasing, and investment policies. The RFA project was conducted as follows: 1. Analyzed historical bank service usage and balance records. 2. Reviewed the minimum banking services and potential additional services. 3. Developed a list of eligible financial institutions within the expanded solicitation area as approved by the Town of Trophy Club Town Council: 9 Page 2 of 5 2428 Carters Mill Road, Huddleston, VA 24104-4003 540.297.3419 a. Bank of America, N.A. b. Bank OZK c. First Financial Bank, N.A. d. First National Bank e. First National Bank Texas f. First State Bank Roanoke g. Frost Bank h. JPMorgan Chase Bank, N.A. i. PlainsCapital Bank j. PNC Bank, N.A. k. Prosperity Bank l. Providence Bank of Texas m. Truist Bank n. Wells Fargo Bank, N.A. 4. Contacted the financial institutions to confirm distribution information, describe the process, and identify the designated recipient. 5. Drafted the RFA for Town review and approval. 6. Posted the notice and advertised the RFA. 7. Distributed RFAs to the identified and receptive financial institutions. 8. Held a non-mandatory pre-application conference that was attended by representatives of: a. First Financial Bank, N.A. b. First National Bank c. Frost Bank d. PlainsCapital Bank e. Wells Fargo Bank, N.A. 9. By the closing deadline, applications were received from: a. Bank OZK b. First Financial Bank, N.A. c. First National Bank d. Frost Bank e. PlainsCapital Bank f. Wells Fargo Bank, N.A. The evaluation of the applications was based on, but not limited to, the following criteria, in no particular order of priority: 1. Ability to perform and provide the required and requested services; 2. References provided and quality of services; 3. Cost of Services; 4. Transition cost, retention and transition offers and incentives; 5. Interest rates on interest bearing accounts and deposits; 6. Earnings credit rate on compensating balances; 10 Page 3 of 5 2428 Carters Mill Road, Huddleston, VA 24104-4003 540.297.3419 7. Previous service relationship with the Town; 8. Convenience of location(s) 9. Completeness of application and agreement to points outlined in the RFA; 10. Financial strength and stability of institution. Application Analysis The Application Analysis began with an overall review of each financial institution’s general financial strength and ability to provide the services necessary to meet the Town’s current and future service needs. Each of the qualified responding financial institutions exhibited acceptable financial strength and the ability to provide services the Town requested. Analysis of proposed fees, earnings credit, and investment income potential is summarized below. Net Income/(Cost) Each financial institution’s fee schedule was analyzed based on the Town’s banking service needs and estimated activity levels. Where quantifiable and appropriate, the estimated service fees were adjusted for any incentives (including waived fees and transition allowances). First National Bank offered the waiver of all monthly service fees. Each of the remaining financial institutions proposed monthly fee assessments for services utilized, an earnings credit rate or an interest- bearing checking option to offset monthly fee charges. All financial institutions offered an investment income option for any excess balances above those needed to offset service fees. The Town’s historical monthly deposit balances for the previous twelve months averaged $2,244,401; therefore, the analysis was completed using this average balance to evaluate the responses. Evaluation of Applications Process The Town was pleased to receive applications from six (6) well qualified financial institutions to serve as the Town’s depository. Council action to expand the eligibility boundaries served to increase the competitiveness of this solicitation and ultimately resulted in a clear choice based on the criteria that were considered. Once all applications were evaluated, the Town requested a Best and Final Offer (BAFO) from all six (6) of the institutions under consideration. The Town also invited PlainsCapital Bank, First National Bank, and First Financial Bank, N.A. representatives to demonstrate their respective treasury management services and online platforms. The analysis on the following page is based on the BAFO terms for both the two (2) year initial contract term, and the full five (5) year term allowing for the three (3) possible one-year extensions at the option of the Town. 11 Page 4 of 5 2428 Carters Mill Road, Huddleston, VA 24104-4003 540.297.3419 Two-Year Term Bank OZK First Financial Bank, N.A. First National Bank Frost Bank Plains Capital Bank Wells Fargo Bank, N.A. Proposed Fees -16,169 -10,159 0 -19,035 -8,971 -15,327 (net of waivers) Earnings Credit, Hard Interest, and Incentives 10,100 9,580 9,978 17,711 31,374 20,255 Net Income / (Cost) -6,069 -579 9,978 -1,324 22,403 4,928 Five-Year Term Bank OZK First Financial Bank, N.A. First National Bank Frost Bank Plains Capital Bank Wells Fargo Bank, N.A. Proposed Fees -41,723 -25,398 0 -48,299 -22,427 -39,249 (net of waivers) Earnings Credit, Hard Interest, and Incentives 25,250 21,700 23,444 41,277 76,934 49,138 Net Income / (Cost) -16,473 -3,698 23,444 -7,022 54,507 9,889 Conclusion Wells Fargo Bank, N.A., has served the Town well during the current depository term, however the higher fees and lower interest rates offered at this time supported the consideration of other options. Town staff evaluated and considered after the BAFO and demonstrations of treasury services and online platforms the applications of PlainsCapital Bank, First National Bank, and First Financial Bank, N.A. Town staff considered the complete range of services presented by PlainsCapital, including the competitive pricing of service fees, ability to maintain lower operating balances to offset monthly fees, the location of PlainsCapital, and the Town’s positive outlook of using the overall services offered. One significant enhancement offered by PlainsCapital to the Town has to do with transparency in the interest rate environment. PlainsCapital offered a rate formula indexed to the lower end of the Federal Funds Target rate. In the current rising rate environment, as the Federal Reserve raises the Fund Funds target rates, the Town will see an immediate benefit with each rate increase. Compared to the other applications considered the index offered by PlainsCapital is independent of bank managed rates as offered by other applications received. Based on the analysis results and discussion with staff, it was determined that the terms offered by PlainsCapital Bank provide the “most advantageous” depository relationship to the Town. We concur with the staff recommendation that the Council award the Primary Depository Services contract to PlainsCapital Bank and authorize the Town Manager to execute the agreements necessary to begin a new banking relationship. Please contact Dick Long, Tom Ross, E. K. Hufstedler, or me to discuss any questions or additional information needs. 12 Page 5 of 5 2428 Carters Mill Road, Huddleston, VA 24104-4003 540.297.3419 Thank you for this opportunity to serve the Town of Trophy Club once again. Sincerely, Tim Pinon Valley View Consulting, L.L.C. Attachment 13 Bank OZK (no response) First Financial Bank, N.A. BAFO First National Bank BAFO Frost Bank BAFO PlainsCapital Bank BAFO Wells Fargo Bank, N.A. (Incumbent) BAFO 2,244,401 2,244,401 2,244,401 2,244,401 2,244,401 2,244,401 Proposed Fees - Banking Services Current Services Fee Estimate (710)(423)Waived (813)(374)(665) 224 56 Waived 281 0 286 3 0 3 6 12 0 5,000 3 0 3 6 12 867 475 0 621 (16,169)(10,159)0 (19,035)(8,971)(15,327) (41,723)(25,398)0 (48,299)(22,427)(39,249) Earnings Credit 0.25%0.20%N/A 0.35%0.75%0.40% Bank Managed / Floor 0.25% Fixed Rate for initial term N/A Bank Managed Lower end of FED Funds Target, Floor 0.25% Bank Managed 10.00%10.00%0.00%0.00%0.00% 0.10%0.15%0.20%0.75%0.25% 5,547,430 2,937,536 3,194,129 598,045 1,838,158 2,244,401 2,244,401 0 2,244,401 598,045 1,838,158 421 337 0 655 374 613 10,100 8,080 0 15,711 8,971 14,705 25,250 20,200 0 39,277 22,427 36,763 (6,069)(2,079)0 (3,324)0 (621) (16,474)(5,199)0 (9,022)0 (2,486) Town of Trophy Club, Texas Analysis Primary Depository Services - RFA# 2022-01 June 15, 2022 Net Fees for Two Year Term Net Fees for Five Year Term Number of months of NET fee waiver Amount of NET Fees Waived Maximum waiver amount allowed FEE ANALYSIS OF DEPOSITORY SERVICES Projected Bank Balance MEMO Balance Assessment Fee Fees for Five Year Term after waivers Reserve Requirement Effective Earnings Credit Rate Balance Required to offset all fees (revised for BAF) Target DDA Compensating Balance Monthly Earnings Credit Earnings Credit for Five Year Term Earnings Credit for Two Year Term Earnings Credit Rate Rate Basis Actual months available for waiver after factoring in cap Fees for Two Year Term after waivers Attachment A 14 Bank OZK (no response) First Financial Bank, N.A. BAFO First National Bank BAFO Frost Bank BAFO PlainsCapital Bank BAFO Wells Fargo Bank, N.A. (Incumbent) BAFO June 15, 2022 FEE ANALYSIS OF DEPOSITORY SERVICESInterest Income Estimate Public Funds Checking NOW / MMA Business Interest Bearing Checking IOC, MMSA IntraFi MMF Sweep Bank Managed / Floor 0.25% 85% of the Prior Month Avg. 91 Day T- Bill; Floor 0.25% / Cap of 2.50% Bank Managed Bank Managed Lower end of FED Funds Target less 10 bps, Floor of 10 bps Bank Managed 0.25% 0.70% 0.20% 0.25% 0.65% 0.56% 0 0 2,244,401 0 1,646,356 406,243 0 0 374 0 892 190 0 0 8,978 0 21,403 4,550 0 0 22,444 0 53,507 11,375 (6,069) (2,079)8,978 (3,324)21,403 3,928 (16,474) (5,199)22,444 (9,022)53,507 8,889 Contract Incentives Yes Yes Yes Yes 0 1,000 0 2,000 1,000 1,000 (6,069) (579)9,978 (1,324)22,403 4,928 (16,474) (3,699)23,444 (7,022)54,507 9,889 Five Year Investment Income 1,500 Remote Deposit Scanners Cash Transition/Retention Offer Five Year Income/(Cost) with Contract Incentives Two Year Income/(Cost) with Contract Incentives Five Year Income/(Cost) Tamperproof Deposit Bags at No Cost Endorsement Stamps & Other Supplies at No Cost Two Year Income/(Cost) Rate Basis Investment Balance Monthly Investment Income Two Year Investment Income Interest Rate Investment Option 15 Bank OZK (no response) First Financial Bank, N.A. BAFO First National Bank BAFO Frost Bank BAFO PlainsCapital Bank BAFO Wells Fargo Bank, N.A. (Incumbent) BAFO Evaluation Criteria 1 Ability of applicant to perform and provide the required and requested services; 2 References provided and quality of services; 3 Cost of services; 4 Transition cost, retention and transition offers and incentives; 5 Interest rates on interest bearing accounts and deposits; 6 Earnings credit rate on compensating balances; 7 Previous service relationship with the City; 8 Convenience of location(s); 9 Completeness of application and contract to points outlined in the RFA; and 10 Financial strength and stability of the institution. Expected Depository Services Online Banking Portal 1 Online Reporting Services Yes Yes Yes Yes Yes Yes 2 Wire Transfers Yes Yes Yes Yes Yes Yes 3 ACH Yes Yes Yes Yes Yes Yes 4 Stop Payments Term of Initial Stop 182 Days 180 Days 6 Months 6 Months 180 Days 6 Months Automatic Renewal Offered (Y/N)No No No No No Yes Manual Renewal Offered (Y/N)Yes Yes Yes Yes Yes Yes 5 Online Banking Historical Information Retention (90 days, 180, 1 Year, Other)24 Months 24 Months 24 Months 18 Months 18 Months 120 Days 6 Online Banking Administration Request to Bank Self Administration Request to Bank Self Administration Self Administration Self Administration 7 Mobile App Functionality/Access Not Offered Balance Reporting and Transaction Detail Yes Yes Yes n/a Yes Yes Initiate and/or Release/Approve Wire Transfers Yes Yes Yes n/a Yes Yes ACH Release/Approve Batches Yes Yes Yes n/a Yes Yes Positive Pay Exception Decisions Yes Yes Yes n/a Yes Yes Town of Trophy Club, Texas Analysis Primary Depository Services - RFA# 2022-01 June 15, 2022 DETAIL RESPONSE ANALYSIS OF DEPOSITORY SERVICES Atachment B 16 Bank OZK (no response) First Financial Bank, N.A. BAFO First National Bank BAFO Frost Bank BAFO PlainsCapital Bank BAFO Wells Fargo Bank, N.A. (Incumbent) BAFO June 15, 2022 8 Alert/Messaging System Messaging provided at no cost Yes Yes Yes Yes Yes Fee/message Messaging provided for a flat monthly fee of: n/a n/a n/a n/a n/a n/a Messaging provided as a fee per message/per device - fee of:n/a n/a n/a n/a n/a Not stated 9 Electronic Data Interchange (EDI) Yes Yes Yes Yes Yes Yes 10 Paid Check Image Options Images printed on statements Yes Yes Yes Yes Yes No Printed in online version of statements Yes Yes Yes Yes Yes No Downloadable PDF file monthly No Yes Yes No Yes Yes Online InquirySearch Yes Yes Yes Yes Yes Yes Collections 1 Remote Deposit Capture Yes Yes Yes Yes Yes Yes Disbursements 1 Employee Check Cashing at No Cost Yes Yes Yes Yes Yes Yes Fraud Protection Services 1 Positive Pay and Account Reconciliation Yes Yes Yes Yes Yes Yes 2 Automatic Stale Dating of Checks Yes Yes Yes No Yes Yes 3 Post No Checks Yes No Yes Yes Yes Yes 4 ACH Positive Pay / ACH Fraud Filter Yes Yes Yes Yes Yes Yes Miscellaneous 1 Account Statements Yes Yes Yes Yes Yes Yes 2 Account Analysis Yes Yes Yes Yes Yes Yes 3 Payment For Services and Quarterly Account Settlement NO - Monthly Response Blank N/A - fees waived Yes Yes Yes 4 Balance Assessment Fees apply only to non-interest bearing balances n/a n/a Yes n/a n/a n/a Fee to be waived n/a n/a n/a n/a Yes n/a Fess to be partially waived n/a n/a n/a n/a n/a n/a Fee to be passed in full to Town Yes Yes "Fees waived"Yes No Yes 5 Reserve Requirement Yes - 10% Yes - 10%No No No No 17 Bank OZK (no response) First Financial Bank, N.A. BAFO First National Bank BAFO Frost Bank BAFO PlainsCapital Bank BAFO Wells Fargo Bank, N.A. (Incumbent) BAFO June 15, 2022 6 Earnings Credit Rate ECR% 0.25% 0.20% N/A 0.35% 0.75% 0.40% Rate Formula/Index Bank Managed Fixed Rate for initial term N/A Bank Managed Lower end of FED Funds Target Bank Managed Frequency of adjustment if not indexed Fixed Fixed Rate for initial term N/A Annually Monitored Monthly Monitored Monthly ECR Floor% 0.25% Fixed Rate for initial term N/A No Floor 0.25% No Floor 7 Interest Rate Option / Formula / Rate Floor Rate % 0.25% March - 0.3925% 0.20% 0.14% 0.65% Rate Formula/Index Bank Managed 85% of the Prior Month Avg. 91 Day T- Bill; Floor of 0.25% Cap of 2.50% Bank Managed Bank Managed Lower end of FED Funds Target less 10 bps Rate Tiered Based on Balance? No No Tiered for Money Market Yes No Floor % 0.25% 0.25% No Floor No Floor 0.10% Type of Account (MMF, Interest Bearing DDA, Sweep, etc)Public Funds Chk NOW / MMA Refer to Rate Sheet IOC/MMSA ICS/IntraFi Fees associated with recommended option No No No No $50/month Safekeeping of City Owned Securities 1 Provide Safekeeping Services to the City Yes Yes - Through Frost Bank Yes - Thru TIB Yes Yes Yes Services Under Consideration 1 Consumer Bill Pay Processing / E-Lockbox No Yes Yes Yes Yes Yes 2 Lockbox Processing Yes Yes No Yes Yes Yes Standard rates for MMA, Sweep, ICS IB Accounts; Specifics not provided. 18 Bank OZK (no response) First Financial Bank, N.A. BAFO First National Bank BAFO Frost Bank BAFO PlainsCapital Bank BAFO Wells Fargo Bank, N.A. (Incumbent) BAFO June 15, 2022 Incentives/Enhancements Offered 1 Tamperproof Deposit Bags at No Cost Yes Yes Yes No / $1,000 2 Endorsement Stamps & Other Supplies at No Cost Yes Yes Response Blank No / $1,000 3 Remote Deposit Scanners - Offered at No Cost None Part of $1,500 None None No / $1,000 Number provided n/a n/a 2 n/a n/a n/a Brand of Scanner n/a n/a Panini Vision X n/a n/a n/a Single or multi-feed n/a n/a 50 - 100 n/a n/a n/a 4 Courier or Armored Car Services Not Offered Not Offered Not Offered Not Offered Not Offered Courier fees fully reimbursed n/a n/a n/a n/a n/a n/a Partially reimbursed, paid through analysis n/a n/a n/a n/a n/a n/a Passed in full to Town, paid through analysis n/a n/a n/a Yes n/a n/a 5 Incentive Fee Waiver No Waiver Zero pricing waiver: n/a n/a Yes n/a n/a n/a Number of Months n/a n/a Contract Term n/a n/a n/a Maximum Amount (if applicable) n/a n/a n/a n/a n/a n/a "Net" fee waiver: n/a n/a n/a n/a n/a Number of Months 3 0 0 3 6 12 Maximum Amount (if applicable) None n/a n/a n/a n/a $5,000 6 Cash Transition/Retention Offer Not Offered Not Offered Not Offered $2,000 $1,000 Not Offered Other Stipulations 1 Right to Cancel Under Federal or State Law Rulings Agreed Agreed Agreed Agreed Agreed Modified 2 Right to Open and Maintain Other Accounts Agreed Agreed Agreed Agreed Agreed Agreed 3 Certificates of Deposit Agreed Agreed Agreed Agreed Agreed Modified 4 Right To Terminate Agreed Agreed Agreed Agreed Agreed Modified 5 Terms Fixed Agreed Agreed Agreed Agreed Agreed Modified 6 Semi-Annual Meeting Agreed Agreed Agreed Agreed Agreed Agreed 7 Formal Agreement Required Agreed Agreed Agreed Agreed Agreed Modified 8 Net Overdraft Defined - Collective Balances Account Level Account Level Agreed Account Level Agreed Account Level 9 Overdraft Notification Agreed Agreed Agreed Agreed Agreed Modified 10 Research Agreed Agreed Agreed Agreed Agreed Agreed 11 Bank Errors Agreed Agreed Agreed Agreed Agreed Agreed 12 Audit Confirmations Provided to City Auditors at No Cost Agreed Agreed Agreed Agreed Agreed Agreed $1,000 Supplies Allowance $1,500 Supplies Allowance 19 Bank OZK (no response) First Financial Bank, N.A. BAFO First National Bank BAFO Frost Bank BAFO PlainsCapital Bank BAFO Wells Fargo Bank, N.A. (Incumbent) BAFO June 15, 2022 13 One Relationship Officer Brandi Davis, VP, 904.253.9694 Sean Shope, Market President, 817.329.8615 Karen Hughes, VP, 940.696.3000 Andrew Maeder, AVP, 817.420.5026 Chris Strittmatter, Pres.,- Southlake, 817.698.4718 Oscar Hernandez- Lugo, Senior RM, 469.498.6590 Collateral Requirements 1 Collateral Amount Yes Yes Yes Yes Yes - Limited to $10M then IntraFi No 2 Collateral Custody Yes Yes Yes Yes Yes Yes Proposed Custodian FHLB Frost Bank TIB BNYM FRB BNYM 3 Letters of Credit or Pledged Securities LOC and/or Securities Pledged Securities LOC / IntraFi / Securities Securities IntraFi/Securities Securities If Pledging Securities: 4 Ledger Balance - Same Day v Prior Day Balances Yes Yes Yes Yes Yes No 5 Collateral Substitution w/o prior notice Yes Yes Yes Yes w/o prior notice 6 Collateral Reductions Yes Yes Yes Yes Yes w/o prior notice 7 Collateral Report Yes Yes Yes Yes Yes Yes 8 Online Reporting No No No Yes No Yes 9 Board Resolution Yes Yes Yes Yes Yes Yes Complete Application Checklist 1 Account Analysis - pro-forma Provided Provided Provided Provided Provided 2 Sample Collateral Agreement Provided Provided Provided Provided Provided 3 Sample Safekeeping Agreement Provided Provided Provided Provided Provided 4 Sample Safekeeping Report Provided Provided Provided Provided Provided 5 Securities Safekeeping Fees Provided Provided Provided Provided Provided 6 References Provided Provided Provided Provided Provided 7 Sample FIRREA Compliant Document Provided Not Provided Provided Provided Provided 8 Completed and Signed Disclosures Provided Provided Provided Provided Modified 9 Completed and Signed Application Submitted By Form Provided Provided Provided Provided Provided 10 Exceptions To RFA Requirements n/a n/a n/a n/a Provided Not Provided as requested 20 Bank OZK (no response) First Financial Bank, N.A. BAFO First National Bank BAFO Frost Bank BAFO PlainsCapital Bank BAFO Wells Fargo Bank, N.A. (Incumbent) BAFO June 15, 2022 2,244,401 2,244,401 2,244,401 2,244,401 2,244,401 2,244,401 Proposed Fees - Banking Services Current Services Fee Estimate (710) (423)Waived (813) (374) (665) 224 56 Waived 281 0 286 3 0 3 6 12 0 5,000 3 0 3 6 12 867 475 0 621 (16,169) (10,159)0 (19,035) (8,971) (15,327) (41,723) (25,398)0 (48,299) (22,427) (39,249) Earnings Credit 0.25% 0.20% N/A 0.35% 0.75% 0.40% Bank Managed / Floor 0.25% Fixed Rate for initial term N/A Bank Managed Lower end of FED Funds Target, Floor 0.25% Bank Managed 10.00% 10.00% 0.00% 0.00% 0.00% 0.10% 0.15% 0.20% 0.75% 0.25% 5,547,430 2,937,536 3,194,129 598,045 1,838,158 2,244,401 2,244,401 0 2,244,401 598,045 1,838,158 421 337 0 655 374 613 10,100 8,080 0 15,711 8,971 14,705 25,250 20,200 0 39,277 22,427 36,763 (6,069) (2,079)0 (3,324)0 (621) (16,474) (5,199)0 (9,022)0 (2,486) Net Fees for Two Year Term Net Fees for Five Year Term Number of months of NET fee waiver Amount of NET Fees Waived Maximum waiver amount allowed FEE ANALYSIS OF DEPOSITORY SERVICES Projected Bank Balance MEMO Balance Assessment Fee Fees for Five Year Term after waivers Reserve Requirement Effective Earnings Credit Rate Balance Required to offset all fees (revised for BAF) Target DDA Compensating Balance Monthly Earnings Credit Earnings Credit for Five Year Term Earnings Credit for Two Year Term Earnings Credit Rate Rate Basis Actual months available for waiver after factoring in cap Fees for Two Year Term after waivers 21 Bank OZK (no response) First Financial Bank, N.A. BAFO First National Bank BAFO Frost Bank BAFO PlainsCapital Bank BAFO Wells Fargo Bank, N.A. (Incumbent) BAFO June 15, 2022 Interest Income Estimate Public Funds Checking NOW / MMA Business Interest Bearing Checking IOC, MMSA IntraFi MMF Sweep Bank Managed / Floor 0.25% 85% of the Prior Month Avg. 91 Day T- Bill; Floor 0.25% / Cap of 2.50% Bank Managed Bank Managed Lower end of FED Funds Target less 10 bps, Floor of 10 bps Bank Managed 0.25% 0.70% 0.20% 0.25% 0.65% 0.56% 0 0 2,244,401 0 1,646,356 406,243 0 0 374 0 892 190 0 0 8,978 0 21,403 4,550 0 0 22,444 0 53,507 11,375 (6,069) (2,079)8,978 (3,324)21,403 3,928 (16,474) (5,199)22,444 (9,022)53,507 8,889 Contract Incentives Yes Yes Yes Yes 0 1,000 0 2,000 1,000 1,000 (6,069) (579)9,978 (1,324)22,403 4,928 (16,474) (3,699)23,444 (7,022)54,507 9,889 Five Year Investment Income 1,500 Remote Deposit Scanners Cash Transition/Retention Offer Five Year Income/(Cost) with Contract Incentives Two Year Income/(Cost) with Contract Incentives Five Year Income/(Cost) Tamperproof Deposit Bags at No Cost Endorsement Stamps & Other Supplies at No Cost Two Year Income/(Cost) Rate Basis Investment Balance Monthly Investment Income Two Year Investment Income Interest Rate Investment Option 22 April 26, 2022 Page 1 of 8 6 2 1 TOWN OF TROPHY CLUB TOWN COUNCIL REGULAR SESSION MINUTES Tuesday, June 14, 2022; 6 PM The Trophy Club Town Council met in a Regular Meeting on Tuesday, June 14, 2022. The meeting was held at Town Hall, 1 Trophy Wood Drive in the Council Chambers. TOWN COUNCIL MEMBERS PRESENT: Alicia L. Fleury Mayor Greg Lamont Mayor Pro Tem, Place 1 Jeff Beach Council Member, Place 2 Dennis Sheridan Council Member, Place 3 Karl Monger Council Member, Place 4 LuAnne Oldham Council Member, Place 5 Steve Flynn Council Member, Place 6 STAFF PRESENT: Wade Carroll Town Manager David Dodd Town Attorney Jason Wise Fire Chief Tony Jaramillo Director of Parks and Recreation Jill Lind Marketing and Communications Director Debra Emond Sr. Administrative Assistant CALL TO ORDER AND ANNOUNCE A QUORUM Mayor Fleury called the meeting to order at 6:00 PM and noted a quorum present with all Council Members present. EXECUTIVE SESSION 1. Pursuant to the following designated section of the Texas Government Code, Annotated, Chapter 551 (Texas Open Meetings Act), the Town Council will recess into executive session to discuss the following: a. Section 551.087 Economic Development – Deliberate Economic Development Negotiations regarding prospective commercial projects within the Town of Trophy Club. b. Section 551.071 Attorney-Client Privilege 1. Deliberate possible Interlocal Agreement with multiple governmental entities to provide services to Trophy Club Citizens. 2. Update on Norwood vs Trophy Club c. Section 551.074 Personnel Matters – Deliberate the appointment, employment, evaluation, reassignment, duties, discipline or dismissal of a public officer or employee: 1. Town Secretary 2. Review and appointment of Council Members to the following subcommittees: Public Art Subcommittee, Sports Subcommittee, Finance Subcommittee, Boards and Commissions Subcommittee, MUD Subcommittee Mayor Fleury announced that Council was going into executive session at 6:01 pm. RECONVENE INTO REGULAR SESSION Mayor Fleury reconvened the meeting into Regular Session at 7:03 pm. INVOCATION Pastor Barry Clingan delivered the invocation. He prayed for the Mayor and Council and asked our Lord to give them wisdom and strength. He also prayed for our Police Chief and all police officers and for the new Fire Chief, asking that his time here will be prosperous and blessed. He prayed for all the firemen. 23 April 26, 2022 Page 2 of 8 6 2 1 PLEDGES Mayor Fleury acknowledged June 14 as Flag Day. Council Member Beach led the pledges to the American Flag and Texas Flag. ANNOUNCEMENTS AND REPORTS 2. Recognize Phoenix and Wren Morris for their dedication to keeping Trophy Club beautiful with their efforts in picking up trash around the pond on Durango Drive (Mayor Fleury). Mayor Fleury presented the two children with goodie bags to thank them for picking up trash at the pond on Durango Drive. 3. Recognition of Tom Mills and Lou Hocker for their numerous volunteer hours provided to maintain and preserve Trophy Club Park (T. Jaramillo) Parks and Rec Director Tony Jaramillo stated that Mr. Mills moved to Trophy Club in 1986 due to the proximity to what was then Marshall Creek Park. He was also a member of the Parks and Rec Board. Mr. Hocker relocated to Trophy Club while working in Westlake. Both men have volunteered at Trophy Club Park since 2010, they have cleared over 10 miles of trails and they have volunteered over 3300 hours. Each of them received a plaque for their contribution to Trophy Club. 4. Introduction of newly hired Fire Chief Jason Wise (W. Carroll). Town manager Wade Carroll introduced the new Fire Chief, Jason Wise. Chief Wise was selected out of over 30 applicants for the position. He has over 30 years of experience and comes to us from Southlake. PROCLAMATIONS 5. Issuance of Proclamation 2022-09 proclaiming June as Pride Month (Mayor Fleury). Mayor Fleury read Proclamation 2022-09. A motion was made by Mayor Fleury to issue Proclamation 2022-09. The motion was seconded by Council Member Monger. Motion passed unanimously. PUBLIC COMMENT Mayor Fleury stated that Public Comment is an opportunity for citizens to address the council on any matter. The Council is not permitted to discuss or take action on any presentations made to Council. Presentations are limited to matters over which the Council has authority. Speakers have up to four (4) minutes, or the time determined by the Presiding Officer. Each speaker must have submitted their request to speak via the Public Portal or have completed the Speaker’s Form or may email mayorandcouncil@trophyclub.org There were no speakers. CONSENT AGENDA 6. Consider and take appropriate action to approve the Town Council Meeting Minutes of May 18, 2022. (A. Otterson) 7. Consider and take appropriate action authorizing staff to purchase replacement laptops, desktops, servers and docking stations from VersaTrust in an amount not to exceed $45,286.94 for the FY22 IS capital equipment replacement (M. Erwin). 8. Consider and take appropriate action regarding an Interlocal Cooperation Agreement between the Town and Denton County for Fiscal Year 2022-2023 Shared Governance Communications and Dispatch Services System for the Police Department and Fire/EMS Department, and authorizing the Mayor or her designee to execute all necessary documents (P. Arata). 24 April 26, 2022 Page 3 of 8 6 2 1 9. Take appropriate action to approve Resolution 2022-05 suspending the effective date on Oncor Electric Delivery Company’s requested rate changer to permit the Town time to study the request and to establish reasonable rates (W. Carroll). 10.Take appropriate action regarding the expenditure of $40,000 paid to Teague Nall & Perkins for the topographic survey, design, and civil engineering for the extension of Junction Way. (W. Carroll) Mayor Pro Tem Lamont made a motion to approve consent agenda items 6 through 10. The motion was seconded by Council Member Flynn. The motion passed unanimously. INDIVIDUAL ITEMS 11.Discuss and take appropriate action regarding the request of ARPA funds from the Trophy Club Municipal District No. 1 Board of Directors (W. Carroll). Mr. Carroll stated that on May 23rd a request was made by the General Manager of the MUD, requesting an unset amount of ARPA funds to assist them with some projects. On March 22nd, Council had approved Resolution 2022-04, where we allocated approximately $3.2 million received. At this time we don’t have any funds that haven’t been allocated to a project or for COVID expenses. After research, we found out that the transfer of ARPA funds is legal. So, it is a policy decision for Council to make to reallocate those funds. We would have to go back and cancel resolution 2022-04 and create a new resolution. The Town is responsible for the ARPA funds and how they are spent. Even if we choose to reallocate the funds, we will have to ensure that the funds are being spent according to ARPA regulations. Council Member Sheridan proposed not to reallocate the funds since the MUD is a separate governmental entity that had the opportunity to request funds on their own. Council Member Monger asked if they had a specific project that they wanted to use the funds for. Mr. Carroll stated they didn’t specify a project. Mayor Pro Tem Lamont made a motion to reject the request for ARPA funds from Trophy Club Municipal Utility District No. 1. The motion was seconded by Council Member Monger. The motion passed unanimously. 12.Recognition of government communication excellence from the Texas Association of Municipal Information Officers (TAMIO) with the acceptance of three TAMI Marketing Awards during the 2022 Annual Conference (J. Lind). Marketing and Communications Director Jill Lind gave a brief description of the TAMIO organization. The awards recognize communication excellence from municipalities for websites, social media, video production and publications. This year they received 436 applications. We submitted 7 projects in 4 different categories. We were finalists in three different categories. We received 3rd place for the Grinch/Porch pirate video, 1st place for the educational PSA on our outdoor warning system and 3rd place for the regular recurring program videos on Trophy Club Park. The Mayor noted that we were competing against cities of 75,000-100,000 residents; cities that have more staff and funds to produce high quality videos 13.Review Future Agenda Items List (W. Carroll). Mr. Carroll stated that staff met with Halff Associates regarding the entryway monumentation. Their next step is to meet with Council in the next 2-3 weeks. They will have a 3D mock-up of their plan for entryways and medians throughout town. We have reached out to several artists and have provided Halff with a rendering that they will include in their presentation. Mayor Pro Tem Lamont asked what the statues are and how they will be paid for. Mr. Carroll stated that the hot funds will be used to pay for the statues. The statues will be of famous golfers, Ben Hogan, Kathy Whitworth and Byron Nelson, as well as 2 teenage golfers. Council Member Sheridan asked about uses for Hot Funds. Mr. Carroll explained that Hot Funds (Hotel Occupancy Tax) could only be used for specific items like public art. The tax is collected from guests at hotels; those funds are funneled back to the Town. Strategic Plan – All of the Directors have completed their long and short term plans. We should have a finished product to present to Council probably at the same time the budget is presented. 25 April 26, 2022 Page 4 of 8 6 2 1 The Veterans Memorial – we are about 6-8 weeks away from delivery of the obelisk. Ordinance of Beer and wine sales – the Town attorney is working with Tony Jaramillo and they should be bringing it to Council sometime in July. EXECUTIVE SESSION Mayor Fleury announced that Council would be going back into executive session at 7:38 pm 14. Pursuant to the following designated section of the Texas Government Code, Annotated, Chapter 551 (Texas Open Meetings Act), the Town Council will recess into executive session to discuss the following: b. Section 551.087 Economic Development – Deliberate Economic Development Negotiations regarding prospective commercial projects within the Town of Trophy Club. c. Section 551.071 Attorney-Client Privilege 1. Deliberate possible Interlocal Agreement with multiple governmental entities to provide services to Trophy Club Citizens. 2. Update on Norwood vs Trophy Club d. Section 551.074 Personnel Matters – Deliberate the appointment, employment, evaluation, reassignment, duties, discipline or dismissal of a public officer or employee: 1. Town Secretary 2. Review and appointment of Council members to the following subcommittees: Public Art Subcommittee, Sports Subcommittee, Finance Subcommittee, Boards and Commissions Subcommittee, MUD Subcommittee RECONVENE INTO REGULAR SESSION Mayor Fleury reconvened the meeting into Regular Session at 8:56 pm. 15.Consider and take appropriate action regarding executive session items (Mayor Fleury). Mayor Pro Tem Lamont made a motion to reauthorize our attorney to participate in the mediation as instructed in executive session. The motion was seconded by Council Member Beach. The motion passed unanimously. Mayor Pro Tem Lamont made a motion to appoint Council Members to the following council subcommittees: Public Art Subcommittee – Alicia Fleury, Greg Lamont and Karl Monger Sports Subcommittee- Steve Flynn, Jeff Beach Finance Subcommittee – Greg Lamont, Karl Monger, Dennis Sheridan Boards and Commissions Subcommittee – Alicia Fleury, Greg Lamont, LuAnne Oldham MUD Subcommittee – Jeff Beach, Steve Flynn The motion was seconded by Council Member Sheridan. The motion passed unanimously. ADJOURN Mayor Fleury adjourned the meeting at 8:57 pm. _ Alicia L. Fleury, Mayor26 April 26, 2022 Page 5 of 8 6 2 1 Attest: _ Anita Otterson Acting Town Secretary 27 Page 1 of 2 To: Mayor and Town Council From: Wade Carroll, Town Manager CC: Anita Otterson, Interim Town Secretary Re: Denco 9-1-1 Board Nomination Town Council Meeting Tuesday, June 28, 2022 Agenda Item: Consider and take appropriate action approving Resolution 2022-07 appointing a Board Member to serve on the Denco 9-1-1 Board. Strategic Link: Collaborate effectively with other governmental entities. Background and Explanation: The Denco Area 9-1-1 District has requested that member cities in the District cast a vote for one candidate from a slate of candidates nominated by participating members. This slate of candidates was selected from nominations earlier in the year. The candidate who receives the most votes will become a member of the District Board of Managers and serve for two years, beginning October 1, 2022. There are only two nominees this year: Jim Carter and David Terre. Jim Carter is currently a Board Member and he is a former Mayor of Trophy Club. Both candidates resumes are included in the packet. Financial Considerations: There are no financial considerations. Legal Review: Not applicable. Board/Commission/ or Committee Recommendation: Not applicable. Staff Recommendation: Staff recommends that Council cast a vote for Jim Carter. 28 Page 2 of 2 Attachment(s): Resolution 2022-07 Resumes for candidates Town Council Approval: Mayor Alicia Fleury or designee 29 www.denco.org TO: Denco Area 9-1-1 District Participating Municipal Jurisdictions FROM: Greg Ballentine, Executive Director DATE: June 1, 2022 RE: Appointment to the Denco Area 9-1-1 District Board of Managers On March 31, 2022, the Denco Area 9-1-1 District requested municipalities to nominate a representative to the district board of managers for the two-year term beginning October 1, 2022. Denco received the following nominations by the May 31, 2022 deadline: Nominee City/Town Making Nomination Jim Carter City of Aubrey City of Highland Village City of Lake Dallas City of Oak Point City of Pilot Point Town of Bartonville Town of Copper Canyon Town of Double Oak Town of Hickory Creek Town of Providence Village David Terre City of The Colony The Denco Area 9-1-1 District requests that each municipality vote for one of the candidates and advise the district of its selection by 5 p.m. on July 29, 2022. No votes will be accepted after that time. If a nominating municipality does not formally vote, it’s nomination will automatically count as a vote for its nominee. Please send a copy of the resolution recording council action. I have attached a sample resolution you may wish to use and resumes for the candidates. Also attached is a list of current board members. Please send a copy of your council’s office action to the Denco Area 9-1-1 District, 1075 Princeton Street, Lewisville, TX 75067 or to Melinda Camp at melinda.camp@denco.org. We will acknowledge receipt of all votes. Thank you for your assistance in this matter. 30 Council Resolution No. _________________ A RESOLUTION FOR THE APPOINTMENT OF ONE MEMBER TO THE BOARD OF MANAGERS OF THE DENCO AREA 9-1-1 DISTRICT. WHEREAS, Section 772, Health and Safety Code, provides that two voting 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 COUNCIL OF THE CITY / TOWN OF ______________________________, TEXAS: Section 1 The City / Town of hereby VOTES TO APPOINT as a member of the Board of Managers of the Denco Area 9-1-1 District for the two-year term beginning October 1, 2022. Section 2 That this resolution shall become effective immediately upon its passage and approval. PASSED AND APPROVED this the _____ day of _____________________, 2022. Mayor ___________________________________________ City / Town of _____________________________________ ___________________________ City / Town Secretary 31 Denco Area 9-1-1 District Board of Managers FY2022 Bill Lawrence, Chairman • Appointed by Denton County Commissioners Court • Member since October 2006 • Term expires September 2023 • Former Mayor of Highland Village • Businessman, Highland Village Sue Tejml, Vice Chair • Appointed by member cities in Denton County • Member since 2013 • Term expires September 2023 • Attorney at Law Chief Terry McGrath, Secretary ▪ Appointed by Denton County Fire Chief’s Association ▪ Member since October 2011 ▪ Term expires September 2023 ▪ Assistant Fire Chief, City of Lewisville Jim Carter • Appointed by member cities in Denton County • Member since October 2014 • Term expires September 2022 • President of Emergency Services District #1 • Former Mayor of Trophy Club and Denton County Commissioner Jason Cole • Appointed by Denton County Commissioners Court • Member since October 2020 • Term expires September 2022 • Businessman, Denton George Karatzis ▪ Non-voting member appointed by largest telephone company (Verizon) ▪ Member since 2021 ▪ Serves until replaced by telephone company ▪ Director, Network Field Engineering, Verizon All voting members serve two-year terms and are eligible for re-appointment. 32 JIM CARTER 6101 Long Prairie Road Ste 744-110 Flower Mound, Texas 75028 (817) 239-7791 jcarter@halff.com EDUCATION College Degree: University of Georgia, B.B.A. Finance Postgraduate: Georgia Tech, University of Tennessee, University of Michigan, Texas Women’s University, American Management Association PROFESSIONAL EXPERIENCE Department Head, Finance General Motors Corporation Zone Vice-President Frito-Lay, Inc., International and Domestic Development President, C.E.O. Mercantile Corporation Responsible for 3 Banks, developed 2,000 prime commercial acres in Fort Worth adjacent to I-35W, Current: Principal James P. Carter & Associates – Consultant & Mediator To business and governmental entities Professional Licenses Texas Real Estate License, Certified Mediator PUBLIC SERVICE EXPERIENCE Mayor Trophy Club, Texas – 14 years Municipal Court Judge Trophy Club, Texas – 12 years Emergency Manager Trophy Club, Texas – 14 years County Commissioner Denton County, Texas – 8 years Vice President Texas Association of Counties President-Current Denton County Emergency Services District #1 Fire and Emergency Medical over 65 square miles Serving 5 municipalities: (Argyle, Bartonville, Copper Canyon, Coral City, and Northlake) Lantana. Robson Ranch Unincorporated areas of Denton County Texas State Board Member- State Association Fire and Emergency Service Districts – Trains Emergency Services District Commissioners 33 Board Member Denco 911- Current Emergency telecommunications system that assists its member jurisdictions in managing police, fire, and medical emergency calls. Mission Leader – Guatemala Constructed water purification system in remote villages, shared the “Good News” of Jesus’s love. Team Leader Provide housing and food to victims of Hurricane Katrina. Team Leader Made four trips to Sabine Pass to aid victims of Hurricane Rita. COMMUNITY AND CHARITY SERVICES Baylor Healthcare System Trustee – 10 Years University of North Texas President’s Council Texas Student Housing Corp Chairman – 20 Years, providing Residential Scholarships at UNT, A&M, UT Austin Boy Scouts of America Longhorn Council, District Chairman First Baptist Church, Trophy Club Chairman, Stewardship Committee and Senior Bible Teacher US MILITARY US Navy 11 years – active and reserve service Honors: Who’s Who in the South and Southwest, Who’s Who in U.S. Executives, Honorary Fire Chief Argyle Fire District 34 David Terre 3941 Teal Cove The Colony, Texas 75056 972-740-4526 terre.david@yahoo.com E D U C A T I O N D rake University/Moberly C ommunity College BS-Business Administration and a Minor in economics E M P L O Y M E N T H I S T O R Y Vice Pr es ident of S ales/Wi l son Sp orting Go ods Retired Successfully retired after a wonderful 46 year career where I rose through the ranks to become Vice President of Sales responsible for all domestic sales. Directed European Sales Operations while living in Germany Experience in Marketing Achieved successful coordination of new product introductions Managed West Coast Distribution Operations L E A D E R S H I P T he Colony Ci ty Council 2011-Present 2011 - Received the honor of being elected Mayor Pro Tem during my first term on CityCouncil and most recently was again re-elected Mayor Pro Tem in 2020 2012 - Appointed to the Local Development Corporation Board of Directors to oversee newGrandscape (Nebraska Furniture Mart) Development 2013 - First Council Member from The Colony, Texas to be elected and serve on the DentonCounty Tax Appraisal District Board of Directors 2021 - Re-elected to a fourth term on City Council receiving 86% of total votes T he Colony Planning & Zoning C ommission Served as Vice Chair H O N O R S 1982 – Drake University Basketball Hall of Fame 1994 – Moberly Community College Basketball Hall ofFame 1995-2003 – Three-time Senior Olympics Gold MedalWinner for USA Basketball Team 1999 – Wilson Wall of Fame Honor 2007- Moberly Community College OutstandingAlumni of the year 2013 –Washington High School Hall of Fame 2018 –Roaring Lambs Hall of Fame 2008-2011 35 Page 1 of 2 To: Mayor and Town Council From: Mike Erwin, Finance Director CC: Wade Carroll, Town Manager Anita Otterson, Interim Town Secretary Re: FY23 Proposed Budget Calendar Agenda Item: Consider the FY23 proposed budget calendar for the Town and related discussion. Give direction and clarification to staff as needed. (M. Erwin). Strategic Link: Administrative & Financial Services – Exercise fiscal discipline in all Town operations. Background and Explanation: This is an opportunity for the Finance staff to present to Council the proposed calendar for the FY 23 budget process. The calendar will show upcoming dates and activities related to the budget process. As a reminder the Town approves/accepts the CCPD and EDC budgets, approves its own budget and tax rate, approves the PID ESD tax rate and approves the PID Infrastructure Service and Assessment Plan and the Annual Service and Assessment Plan. Financial Considerations: Establishment of tax rates for the Town’s citizens. Legal Review: Not applicable. Board/Commission/ or Committee Recommendation: Not applicable. Staff Recommendation: Acceptance of the calendar. Attachment(s): FY23 Budget Calendar 36 Page 2 of 2 Town Council Approval: Mayor Alicia Fleury or designee 37 2022 FY23 - BUDGET CALENDAR IMPORTANT DATES JANUARY FEBRUARY APRIL 27 S M T W T F S S M T W T F S Budget Kick-Off 1 1 2 3 4 5 APRIL 29 2 3 4 5 6 7 8 6 7 8 9 10 11 12 Preliminary Tax Roll 9 10 11 12 13 14 15 13 14 15 16 17 18 19 MAY 27 16 17 18 19 20 21 22 20 21 22 23 24 25 26 Submissions back from Departments 23 24 25 26 27 28 29 27 28 MAY 30-31 30 31 Review Fire budget MARCH APRIL JUNE 1 S M T W T F S S M T W T F S Draft Fire budget to MUD 1 2 3 4 5 1 2 JUNE 13-29 6 7 8 9 10 11 12 3 4 5 6 7 8 9 Meetings with Departments 13 14 15 16 17 18 19 10 11 12 13 14 15 16 20 21 22 23 24 25 26 17 18 19 20 21 22 23 27 28 29 30 31 24 25 26 27 28 29 30 JULY Meetings with Council and Staff JULY 7 MAY JUNE Budget Sub-Committee Meeting S M T W T F S S M T W T F S JULY 22 1 2 3 4 5 6 7 1 2 3 4 Submission of Appraisal Rolls, Certify anticipated collection rate 8 9 10 11 12 13 14 5 6 7 8 9 10 11 JULY 26 15 16 17 18 19 20 21 12 13 14 15 16 17 18 Joint ILA Meeting 22 23 24 25 26 27 28 19 20 21 22 23 24 25 Adoption of CCPD Budget 29 30 31 26 27 28 29 30 Adoption of EDC Budget AUGUST 5 JULY AUGUST File Proposed Budget with Municipal Clerk S M T W T F S S M T W T F S Designated officer or employee must submit tax rates to Town Council (August 9th meeting) 1 2 1 2 3 4 5 6 3 4 5 6 7 8 9 7 8 9 10 11 12 13 AUGUST 9 10 11 12 13 14 15 16 14 15 16 17 18 19 20 Present FY23 Proposed Budget to Council, set public hearing date 17 18 19 20 21 22 23 21 22 23 24 25 26 27 Setting proposed (not to exceed) tax rate, set public hearing date 24 25 26 27 28 29 30 28 29 30 31 31 AUGUST 23 Public hearing of the Budget Ordinance  SEPTEMBER OCTOBER Vote on Budget Ordinance S M T W T F S S M T W T F S Presentation of the Infrastructure Service and Assessment Plan for the PID 1 2 3 1 4 5 6 7 8 9 10 2 3 4 5 6 7 8 SEPTEMBER 12 11 12 13 14 15 16 17 9 10 11 12 13 14 15 Public hearing of the Tax Rate Ordinance 18 19 20 21 22 23 24 16 17 18 19 20 21 22 Vote on Tax Rate Ordinance 25 26 27 28 29 30 23 24 25 26 27 28 29 Resolution to approve the Tax Roll 30 31 Accept and Approve Update of the Infrastructure Service and Assessment Plan for the PID Set public hearing for PID ESD tax rate NOVEMBER DECEMBER Resolution to accept Annual Service and Assessment Plan update for PID S M T W T F S S M T W T F S 1 2 3 4 5 1 2 3 6 7 8 9 10 11 12 4 5 6 7 8 9 10 SEPTEMBER 26 13 14 15 16 17 18 19 11 12 13 14 15 16 17 Public Hearing for PID SAP ESD 20 21 22 23 24 25 26 18 19 20 21 22 23 24 Adopt PID SAP ESD 27 28 29 30 25 26 27 28 29 30 31 PID Rate Change 38 2022 BUDGET CALENDAR IMPORTANT DATES JANUARY FEBRUARY APRIL 20 - 29 S M T W T F S S M T W T F S 1. Mike and Wade review department budgets for inflationary cost increases (I can see some lines increasing such as fuel, electricity, travel, training etc.) 1 1 2 3 4 5 2. Mike and Wade look at revenues 2 3 4 5 6 7 8 6 7 8 9 10 11 12 3. Give Services and Supplies target numbers, including OT excluding all other personnel numbers, including any increases due to inflation to department heads (schedule) 9 10 11 12 13 14 15 13 14 15 16 17 18 19 a. We might have to redefine some line items like pre-employment physicals/testing (I would like all these departmental numbers in HR, if they have annual testing programs such as required physicals it should have a line within services and supplies 16 17 18 19 20 21 22 20 21 22 23 24 25 26 4. Publish document request form for supplemental requests with a due date (May 27) 23 24 25 26 27 28 29 27 28 30 31 MAY 27 1.  Return budget submission to Finance MARCH APRIL 2. Mike and Wade look at adjusted CPI for employee raises S M T W T F S S M T W T F S 1 2 3 4 5 1 2 JUNE 6 7 8 9 10 11 12 3 4 5 6 7 8 9 1. Mike and Wade meet with department heads to cover their department budgets and supplemental requests (schedule) 13 14 15 16 17 18 19 10 11 12 13 14 15 16 2. Directors meet to discuss and rank supplemental request (schedule) 20 21 22 23 24 25 26 17 18 19 20 21 22 23 3. First meeting with Council Finance Subcommittee 27 28 29 30 31 24 25 26 27 28 29 30 a. Discuss:  Revenues, inflation, CIP (if we have it) raises, major changes, supplemental requests, 1v.2 police officers now, 1 FF, what we can capture 3 ½ percent increase plus previous years carry over and keep the rate the same or drop slightly. b. Changes to the MUD/FD c. Goal is for them to help us decide on how much revenue we capture and get their input on supplemental requests MAY JUNE Meeting with executive team on any necessary change to their budgets and go over supplemental requests that will move forward with budget requestSMTWTFSSMTWTFS 1 2 3 4 5 6 7 1 2 3 4 JULY 8 9 10 11 12 13 14 5 6 7 8 9 10 11 1. Meeting with executive team on any necessary change to their budgets and go over supplemental requests that will move forward with budget request 15 16 17 18 19 20 21 12 13 14 15 16 17 18 2. Work on all special fund budgets 22 23 24 25 26 27 28 19 20 21 22 23 24 25 3. Second meeting with Council Subcommittee 29 30 31 26 27 28 29 30 a. CIP, equipment replacement, special fund budgets, changes from first meeting, supplemental requests that will come forward, high points from departmental budgets b. Changes to MUD/FD JULY AUGUST AUGUST S M T W T F S S M T W T F S 1 2 1 2 3 4 5 6 3 4 5 6 7 8 9 7 8 9 10 11 12 13 SEE YEARLY CALENDAR 10 11 12 13 14 15 16 14 15 16 17 18 19 20 17 18 19 20 21 22 23 21 22 23 24 25 26 27 24 25 26 27 28 29 30 28 29 30 31 31 SEPTEMBER OCTOBER S M T W T F S S M T W T F S 1 2 3 1 4 5 6 7 8 9 10 2 3 4 5 6 7 8 SEPTEMBER 11 12 13 14 15 16 17 9 10 11 12 13 14 15 18 19 20 21 22 23 24 16 17 18 19 20 21 22 25 26 27 28 29 30 23 24 25 26 27 28 29 SEE YEARLY CALENDAR 30 31 NOVEMBER DECEMBER S M T W T F S S M T W T F S 1 2 3 4 5 1 2 3 6 7 8 9 10 11 12 4 5 6 7 8 9 10 13 14 15 16 17 18 19 11 12 13 14 15 16 17 20 21 22 23 24 25 26 18 19 20 21 22 23 24 27 28 29 30 25 26 27 28 29 30 31 39 Future Agenda Items June 28, 2022 Future Agenda Items will be divided into 3 Categories: 1) Current listing of all future agenda items requested by Council that have not been addressed. 2) Items that have been researched and are scheduled for a report to Council (first 2-4 weeks). 3) Items that Council has requested additional research/staff time on and will be brought back for public discussion at a Council Meeting. Council will be provided updates on items that require significant time. The Future Agenda Items list will be placed on the Council Meeting agenda to provide a status on all items. The current list will be reviewed and as items are completed; said items will be removed. The Council may add items as needed to the list. 1) Receive an update regarding Entryway Monumentation/Landscaping for the Town of Trophy Club. Staff has submitted a contract for landscape design services to Halff Associates. We are currently working through some wording changes and details and we should have the contract ready for council approval at our next meeting in July. Halff will be doing further site investigations to assess available utilities at the entrances, best locations for a statue at each entrance and best size statue for each location based on available space and surroundings. They will create a schematic that will include a photograph of each location. A rendering of a statue will be inserted into the photograph along with landscaping so that we can visualize the completed space. Once the schematic is complete they would like to schedule a work session with the Art Subcommittee for their input. 2) Develop a Strategic Plan for the Town addressing future goals with budgetary needs for each department. 3) Modifying the Existing Veteran’s Memorial to include “Space Force”. Ft. Worth Monument is estimating that the POW-MIA obelisk should be received in the next 6-8 weeks. 4) Placement of Ordinance providing for the Sale of Beer & Wine at Trophy Club Parks. Town Attorney and Parks and Rec Director Tony Jaramillo are working on the Ordinance and should have it ready to be presented to Council at our July meeting. 40