Agenda


AGENDA AMENDED & REPOSTED 8/31 Addition to Executive Session, Action Item - Super 8 Motel - Addison
SPECIAL MEETING OF THE CITY COUNCIL September 4, 2018 ADDISON TOWN HALL 5300 BELT LINE RD., DALLAS, TX 75254 5:00 PM SPECIAL MEETING


SPECIAL MEETING


	1.	Hold A Public Hearing, Present, and Discuss the Town of Addison's Proposed Property Tax Rate for the Fiscal Year Commencing October 1, 2018 and Ending September 30, 2019.


	2.	Hold a Public Hearing, Present, and Discuss the Town of Addison's Annual Budget for the Fiscal Year Commencing October 1, 2018 and Ending September 30, 2019.


EXECUTIVE SESSION


	3.	Closed (executive) session of the Addison City Council pursuant to: Section 551.071, Tex. Gov. Code, to conduct a private consultation with its attorney on a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551, Tex. Gov. Code, pertaining to: The ponds or lakes at Vitruvian Park located within the vicinity and east of the intersection of Vitruvian Way and Ponte Ave., and Farmers Branch Creek The partially burned structure known as the Super 8 located at 4150 Beltway Road.


	4.	RECONVENE INTO REGULAR SESSION: In accordance with Texas Government Code, Chapter 551, the City Council will reconvene into Regular Session to consider action, if any, on matters discussed in Executive Session. Discuss, consider, and take any necessary action to authorize the City Attorney to file suit to achieve immediate demolition of the partially burned structure on the property located at 4150 Beltway Road and authorize the City Manager to expend the necessary funds and take any necessary action to achieve the immediate demolition of the structure.


Adjourn Meeting


NOTE: The City Council reserves the right to meet in Executive Session closed to the public at any time in the course of this meeting to discuss matters listed on the agenda, as authorized by the Texas Open Meetings Act, Texas Government Code, Chapter 551, including §551.071 (private consultation with the attorney for the City); §551.072 (purchase, exchange, lease or value of real property); §551.074 (personnel or to hear complaints against personnel); §551.076 (deployment, or specific occasions for implementation of security personnel or devices); and §551.087 (economic development negotiations). Any decision held on such matters will be taken or conducted in Open Session following the conclusion of the Executive Session.

AMENDED AGENDA Posted By: _______________________________
Irma Parker, City Secretary
REPOST DATE: Friday, August 31, 2018
REPOST TIME: 5:00pm

THE TOWN OF ADDISON IS ACCESSIBLE TO PERSONS WITH DISABILITIES. PLEASE CALL (972) 450-7090 AT LEAST
48 HOURS IN ADVANCE IF YOU NEED ASSISTANCE.


Special Meeting		Item # 1.
Meeting Date:	09/04/2018
Department:	Finance
Pillars:	Gold Standard in Financial Health
Milestones:	Leverage Addison's unique assets to grow and expand placemeaking and events that will set Addison apart and attract talent and businesses

Information

AGENDA CAPTION:

Hold A Public Hearing, Present, and Discuss the Town of Addison's Proposed Property Tax Rate for the Fiscal Year Commencing October 1, 2018 and Ending September 30, 2019.

BACKGROUND:

This is the second of two public hearings regarding the proposed tax rate for the Town of Addison and will be held on September 4, 2018 at 5:00 pm in the Council Chambers. The first hearing was held on August 28, 2018.

The proposed property tax rate for the fiscal year 2019 is $0.550000 per $100 of valuation. The proposed rate is made of the following components:

Tax Rate Component	Amount (per $100 of valuation)
Maintenance & Operations: General Fund	$0.377435
Maintenance & Operations: Economic Development	$0.023716
Maintenance & Operations: Infrastructure Investment	$0.006201
Interest & Sinking (Debt)	$0.142648
Total Proposed Rate for the Fiscal Year 2018	$0.550000

The State's Truth-in-Taxation law also requires calculation and publication of each taxing entity's effective tax and rollback tax rate:

Tax Rate	Definition	Amount (per $100 of valuation)
Effective Tax Rate	Rate needed to raise the same amount of property tax revenue for the Town from the same properties in 2017.	$0.527064
Rollback Tax Rate	Highest tax rate that the Town may adopt before voters are entitled to petition for an election to limit the rate to the rollback rate.	$0.553323

These rates were published in the August 17, 2018 edition of the Dallas Morning News. Included with this agenda item is a copy of the publication notice.

The City Manager's proposed budget recommends a property tax rate of $0.550000 per $100 valuation, which exceeds the effective tax rate. This proposed rate is the same as last year's adopted rate of $0.550000 per $100 of valuation.

The average home value for the Town of Addison is $319,582 which generate a tax bill of $1,757.70. Last year the average home value was $299,911 which generated a tax bill of $1,649.51. The average tax payer would pay about $108.19 more in property taxes than last year. (Individual taxes may increase or decrease depending on the change in the taxable value of your property).

The final vote on the property tax rate and adoption of the Fiscal Year 2019 budget is scheduled on September 11, 2018 in the Council Chambers at 7:30 pm.

RECOMMENDATION:

Information only, no action required.

Attachments
Presentation - Fiscal Year 2019 Proposed Tax Rate
Notice - Tax Rate Fiscal Year 2019


Special Meeting		Item # 2.
Meeting Date:	09/04/2018
Department:	Finance

Information

AGENDA CAPTION:

Hold a Public Hearing, Present, and Discuss the Town of Addison's Annual Budget for the Fiscal Year Commencing October 1, 2018 and Ending September 30, 2019.

BACKGROUND:

This is the first public hearing regarding the Town of Addison’s Annual Budget for Fiscal Year (FY) 2019. The proposed FY2019 operating budget requests an appropriation of $94,128,036 million. Listed below is a breakdown of funds:

Fund	Expenditure Amount
General	$41,543,404
Hotel	9,729,381
Debt Service Combined	6,762,208
Economic Development	1,860,868
Infrastructure Investment	500,000
Airport	8,258,051
Utility	14,285,512
Stormwater	4,202,452
Combined Replacement	2,298,882
Combined Grants	13,700
Combined Special Revenues	4,673,578
Total	$94,128,036

Significant items included in the proposed operating budget include:

Revenues for all funds total approximately $83.1 million, a slight change compared to FY2018. Primary revenues sources are property tax ($25.1 million), sales tax ($13.7 million), hotel occupancy tax ($5.5 million) and utility service fees ($12.7 million).
Staffing level of 278.5 Full-time Equivalent (FTE) positions. This is an increase of 9.0 FTE’s over FY2018.
Employee compensation allocation of approximately $911 thousand for merit increases plus benefits. This provides a pool equivalent to a 4 percent merit increase.
Significant decision packages include:
- Protective Equipment for Fire ($119 thousand),
- Facility Consolidation Study ($100 thousand),
- ADA Year One Improvements ($91.5 thousand),
- Facilities Maintenance Funds ($166.5 thousand),
- Winnwood & Town Hall Bridge/Gazebo Renovations ($286 thousand),
- Athletic Club Indoor Pool Resurfacing ($180 thousand),
- Funds for Asset Management Implementation ($950 thousand),
- Funds for Enhanced Street Maintenance ($700 thousand),
- Taste Addison Enhanced Entertainment ($150 thousand).

The FY2019 proposed five-year capital improvements budget totals $26.0 million. Significant projects include:

Midway Road Reconstruction Design ($1.6 million),
Vitruvian Development Phase 8 ($0.7 million),
Sherlock-Winter Park Drive Improvements ($1.1 million),
Vitruvian Pond Dredging ($3.1 million),
Start of Airport Customs Facility Construction ($3.5 million),
Airport Facility Repair and Improvements ($1.1 million),
Water System Improvements ($1.8 million).

Texas Local Government Code (LGC) Sec. 102.006 requires the governing body of a municipality to hold a public hearing on the proposed budget and provide for public notice of the date, time, and location of the hearing. This notice was published in the Dallas Morning News on Friday, August 17, 2018. Attached to this agenda item is a copy of the publication.

A second public hearing will be held before the budget is adopted on September 11, 2018 at 7:30 pm at Addison Town Hall in the Council Chambers located at 5300 Belt Line Road, Dallas, Texas 75254.

RECOMMENDATION:

Information only, no action required.

Attachments
Presentation - Fiscal Year 2019 Proposed Budget
Notice - Fiscal Year 2019 Proposed Budget
Summary - Fiscal Year 2019 Proposed Budget
Summary - Fiscal Year 2019 Personnel