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01-27-03 4B Agenda PacketTOWN F WESTLAKE, TEXAS -MIN'UTES OF THE MEET April I 2000 Present: Scott Bradley, Mayor Buddy Brown, Member Abe Bush, Jr., Member David Brown, Member Trent Petty, Town Manager Ginger Crosswy, Town Secretary Absent: Roland Arthur, Member Feed Held, Member Jerry Dinsmore, Member Item 91: Mayor Bradley called the meeting to order at 6:05 p.m. by announcing a quorum consisting of Mr. Bush, 4r. Buddy Brown, Mr. David Brown and himself. Item 92: Mr. Buddy Brown nominated Mayor Bradley to serve as Chairman of this Board. Mayor Bradley then nominated Mr. Buddy Brown to serve as Vice Chairman and Secretary and Mr. David Brown to serve as Treasurer. As there were no more nominations Mayor Bradley made a motion to elect the nominees by acclamation. This motion was seconded by Mr. Buddy Brown. The motion carried unanimously. Item #3: There was a motion by Mr. David Brown, seconded by Mr. Buddy Brown, to approve the expenditure of 4B sales tax funds in an amount not to exceed $21,150.00 to PerezTreese & Nichols for the Town's Nater and Wastewater Rate Study, in furtherance of the economic development projects of the Town of Westlake as authorized in Section 4B of the Texas Revised Civil Statutes, Ann. Sec. 5190.6. The motion carried unanimously. Item 44: Motion by Mr. Buddy Brown, seconded by Mr. David Brown, to adjourn. The motion carried unanimously. The meeting was adjourned at 6:15 p.m. Scott Bradley, Chairman ATTEST: TOWN OF WESTLAKE, TEXAS F— MINUTES OF THE MEETING It OF THE BOARD OF DIRECTORS OF THE WESTLAKE DEVELOPMENT August 28, 0 Present: Scott Bradley, Chairman Buddy Brown, Member Dr. Joseph Bonola, Member David Brown, Member Fred Held, Member Trent Petty, Town Manager Stan Lowry, Town Attorney Ginger Crosswy, Town Secretary Absent: Don Redding, Member Randal Reed, Member :m #1: Mayor Bradley called the meeting to order at 5:45 p.m. by announcing a quorum consisting of Mr. David gown, Mr. Buddy Brown, Mr. Held, Dr. Bonola and himself. Item 92: Conduct a Public Hearing to consider approving the increased expenditure of 4B sales tax funds in an amount notto exceed $9,000.00 to Perez/Freese & Nichols for the Town's water and wastewater rate study, in furtherance on the economic development projects of the Town as authorized in Section 4B of the Texas Revised Civil Statutes, Ann. Sec. 5190.6. Mr. Petty the Town Manager gave the background on this item. The Public Hearing was opened at 5:46 p.m. No one wished to address the Board and the Public Hearing was closed. Motion by Mr. David Brown, seconded by Mr. Held, to approve this increased expenditure. The motion carried unanimously. Item 43: Conduct a Public Hearing to consider approving the expenditure of 413 sales tax funds in an amount not to exceed $588,852.00 for the Town's share of water and sewer infrastructure as authorized in Section 4B of the Texas Revised Civil Statutes, Ann. Sec. 5190.6. Mr. Petty the Town Manager gave the background on this item. The Public Healing was opened at 5:48 p.m. No one wished to address the Board and the Public Hearing was closed. Motion by Mr. Buddy Brown, seconded by Mr. Held, to approve this expenditure. There was a short question and answer session. The motion carried unanimously. Item #4: Motion by Mr. Held, seconded by Mr. David Brown, to adjourn. :le motion carried unanimously. The meeting was adjourned at 6:03 p.m. TOWN OF WESTLAKE, TEXAS MINUTES OF THE MEETG JanuaiT 22, 2001 Present: Scott Bradley, Chairman Buddy Brown, Member Dr. Joseph Bonola, Member David Brown, Member Fred Held, Member Don Redding, Member Sian Lowry, Town Attorney Ginger Crosswy, Town Secretary Absent: Trent Petty, Town Manager Randal Reed, Member m #1: Mayor Bradley called the meeting to order at 6:37 p.m. by announcing a quorum consisting of Mr. David brown, Mr. Buddy Brown, Mr. Held, Mr. Redding, Dr. Bonola and himself. Item #21: Conduct a Public Hearing to consider approving the expenditure of 4B sales tax funds in an amount not to exceed $1,605,000.00 to construct the utility duct bank phase 1, in furtherance of the economic development projects of the Town as authorized in Section 4B of the Texas Revised Civil Statutes, Ann- See. 5190.6. The Public Hearing was opened at 6:35 p.m. Mayor Bradley gave the background on this item. After a short question and answer session the Public Hearing was closed at 6:42 p.m. Motion by Mr. Redding, seconded by Mr. David Brown, to approve this expenditure. The motion carried unanimously. Item #3: Motion by Mr. Held, seconded by Mr. Buddy Brown, to adjourn. The motion carried unanimously. The meeting was adjourned at 6:45 p.m. Scott Bradley. , Chairman ATTEST TOWN OF WESTLAKE, TEXAS r3 MINUTES OF THE MEETOG OF THE BOARD OF DIRECTORS OF THE WESTLAKE DEVELOPMENT CORPORATION Februaq 12, 2001 Present: Scott Bradley, Chairman Buddy Brown, Member Dr. Joseph Bonola, Member Fled Held, Member Dian Redding, Member Trent Petty, Town Manager Sian Lowry, Town Attorney Ginger Crosswy, Town Secretary C, Absent: David Brown, Member Randal Reed, Member m 9l : Mayor Bradley called the meeting to order at 6:30 p.m. by announcing a quorum consisting, of Mr. Buddy gown, Mr, Held, Mr. Redding, Dr. Bonola and himself. Item 42: Conduct a Public Hearin-, to rescind the previous approval of the expenditure of 4B sales tax funds in an amount notto exceed $1,605,000.00 to construct the utility duct bank. phase 1, in furtherance of the economic development projects of the Town as authorized in Section 4B of the Texas Revised Civil Statutes, Ann. See. 5190.6. The Public Hearing was opened at 6:32 p.m. The Public Hearing was closed at 6:33 p.m. 'Motion by Mr. Redding, seconded by Dr. Bonola, to rescind this approval. After discussion, the motion carried unanimously. Item 43: Motion by Mi. Held, seconded by Mr. Buddy Brown, to adjourn. The motion carried unanimously. The meeting was adjourned at 6:35 p.m. Scott Bradley, Chairman ATTEST Inger Crosswy, Town Secretary TOWN OF WEST A , TEXAS � MINUTES OF THE MEETBIG OF '.i•.''a OF DIRECTORS WESTLAKE DEVELOPMENT i 'i 2001Auaust 13, Present: Scott Bradley, Chairman Buddy Brown, Member Dr. Joseph Bonola, Member David Brown, Member Don Redding, Member Trent Petty, Town Manager Stan Lowry, Town Attorney Ginger Crossw-y, Town Secretary Absent: Fied Held, Member Randal Reed, Member I'm 41: Mayor Bradley called the meeting to order at 7:O5p.m. by announcing a quorum consisting of Mr. David .gown, Mr. Buddy Brown, Mr. Redding, Dr. Bonola and himself. Item #2: Conduct a Public Hearing to consider approving an expenditure of 4B sales tax funds in an amount not to exceed $200,000.00 for bridge enhancements on the overpasses on SH 114, in furtherance on the economic development projects of the Town as authorized in Section 4B of the Texas Revised Civil Statutes, Ann. Sec. 5190,6, Mr. Petty, the Town Manager gave the background on this item. The Public Hearing was opened at 7:08p.m. No one wished to address the Board and the Public Hearing was closed. Motion by Mr. David Brown, seconded by Mr. Redding, to approve this increased expenditure. After a short question and answer session the motion carried unanimously. Item #3: Conduct a .Public Hearing to consider approving the expenditure of 4B sales tax funds in an amount not to exceed $125,000.00 for Capital Projects - Glen"Wyck Farms waterline, in furtherance of the economic development projects of the 'Town as authorized in Section 4B of the Texas Revised Civil Statutes, Ann. Sec. 5190.6. Mr. Petty, the Town Manager gave the background on this item. The Public Hearing was opened at 7:16 p.m. No one wished to address the Board and the Public Hearing was closed. Motion by Mr. Redding, seconded by Dr. Bonola, to approve this expenditure. The motion carried unanimously. Item 44: Motion by Mr. Redding, seconded by Mr. Buddy Brown, to adjourn. The motion carried unanimously. The meeting was adjourned at 7:18 p.m. TOWN OF WESTLAKE, TEXAS MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF THE WESTLAKE DEVELOPMENT CORPORATION November 12, 2001 Present: Scott Bradley, Chairman Buddy Brown, Member pied Held, Member Don Redding, Member Trent Petty, Town Manager Stan Lowry, Town Attorney Ginger Crosswy, Town Secretary Absent: David Brown, Member Dr. Joseph Bonola, Member Randal Reed, Member M '111: Mayor Bradley called the meeting to order at 6:45p.m. by announcing a quorum consisting of Mr. Held, Mr. ,uddy Brown, Mr. Redding and himself. Item 42: Conduct a Public Hearing to consider approval of the expenditure of 413 sales tax funds in an amount not to exceed $ 118,887.05 for construction of the Keller/Westlake elevated storage tank and water mains, in Rzffierance of the economic development projects of the Town of Westlake as authorized in Section 4B of the Texas Revised Civil. Statutes, Ann. Sec. 5190.6, Mr. Petty, the Town Manager gave the background on this item. The Public Hearing was opened at 6:47 p.m. No one wished to address the Board and the Public Hearing was closed. Motion by Mr. Buddy Brown, seconded by Mr. Held, to approve this expenditure. There was no discussion and the motion carried unanimously. Item 93. Motion by Mr. Buddy Brown, seconded by Mr. Held, to adjourn. The motion carried unanimously. The meeting was adjourned at 6:5 1 p.m. Scott Bradley, Chairman TTEST Ginger Crosswy, Town Secretary TOWN OF WESTLAKE, TEXAS F - MINUTES OF THE MEETBIG July 22, `l Present: Scott Bradley, Chairman Buddy Brown, Member Fred Held, Member David Brown, Member Dr. Joseph Bonola, Member Trent Petty, Town Manager Stan Lowry, Town Attorney Ginger Crosswy, Town Secretary Absent: Don Redding, Member Randal Reed, Member ,in #1: Mayor Bradley called the meeting to order at 6:04 p.m. by announcing a quorum consisting of Mr. Held, 1�Ir. Buddy Brown, Mr. David Brown, Dr. Bonola and himself. Item 92: Conduct a Public Hearing to consider approval of a loan to the Westlake Civic Center Corporation in the amount of 31,477, 168.80 for the purchase of property for the Westlake Civic Campus, in furtherance of the economic development projects of the Town as authorized in Section 4B of the Texas Revised Civil Statutes. Ann. Sec. 5190.6. Mr. Petty explained this item to the Board. The public hearing was opened at 6:06 p.m. After several questions the public hearing was closed. There was a motion by Chairman Bradley; seconded by Mr. Buddy Brown, to declare the Westlake Civic Campus site a project in furtherance of the economic development of the Town as authorized in Section 4B of the Texas Revised Civil Statutes, Ann. Sec. 5190,6. There was no discussion and the motion carried unanimously. After a lengthy question and answer session there was a motion by Dr. Bonola, seconded by Mr. David Brown, to authorize the loan of $1,477,168.80 for the purchase of property for the Westlake Civic Campus. There was no discussion and the motion carred unanimously. Item #3: Conduct a Public Hearing to consider approval of a loan to the Utility Fund in the amount of $118,887.00 for construction of the Keller/Westlake elevated storage tank and water mains, in furtherance of the economic development projects of the Town of Westlake as authorized in Section 4B of the Texas Revised Civil Statutes, Ann. Sec. 5190.6. Mr. Petty gave the background on this item. The Public Hearing was opened at 6:20 p.m. After several questions the Public Hearing was closed. There was a motion by Mr. Buddy Broom, seconded by Mr. Held, to declare the Keller/Westlake elevated storage tank and water mains a project in furtherance of the economic development of the Town as authorized in Section 4B of the Texas Revised Civil Statutes; Ann. Sec. 5190.6. There was no discussion and the motion carried unanimously. After a short question and answer session there was a motion 11v Dr. Bonola, seconded by Mr. David Brown, to approve this loan. There was no discussion and the motion carried ianimously. Item 44: Motion by Mr. Buddy Brown., seconded by Mr. Held, to adjourn. The motion carried unanimously. The meeting was adjourned at 6:30p.m. M To: Members of the Board of Directors of the Westlake Development Corp, From: Trent Petty, Town Manager Subject: Meeting of January 27, 2003 Date: January 22, 200' ) Consider a public hearing to consider approving capital projects using 4B funds in the FY 2002/03 budget. Staff recommends approval. The exhibit includes each capital project, the associated expenditures and funding sources. Total Allocated Adopted Funding 01/02 Budget Amount 01/02 Actual 02/03 wflwm���� 1/22/2003 General Fund 339,122 554,822 451,622 215,700 Utility Fund - - - 119,668 Westlake Visitor's Association - - 4A - 2,252,931 127,973 660,252 48 552,936 434,049 552,936 523,500 Certificates of Obligation 11,500,000 - 12,427,600 Private 610,025 1,153,687 695,025 458,662 Installment Sale - - 5,106,000 5,500,000 Grants - 209,000 209,000 Totals From Funding Sources 13,002,083 4,604,489 19,36L156 7,686,782 1/22/2003 4B Corporation 1/22/2O03 4B Corporation Transfer In FYIE 99/00 FYE 00/01 Actual FY 0 1 /702 F7Y 02/03 4B Corporation FYE 99/00 HE 00/01 77Ac:tual 7EAd7opted Tn—come 679,770.00 483,714.00 297,203.36 375,000.00 Interest Income 119,160.00 121,520.00 31,062.06 50,000.00 Beginning Balance 1,649,950.00 2,418,861-00 2,315,620.98 1,578,336.82 Ending Balance 2,418,861-00 2,315,620.98 1,578,336.82 2,957,005M Transfers Out 618,870.00 979.134.42 .00 1/22/2O03 4B Corporation Transfer In FYIE 99/00 FYE 00/01 Actual Ado ted Capital Projects Utility Fund — Utility Fund Repayment WUKeller Overhead Storage Tank Reapyrnent lGeneral Fund [Total Transfers n 1,477,168.80 1/22/2O03 Total Allocated Adopted Capital Projects Funding 01/02 Budget Amount 01/02 Actual 02/03 Westlake Interchange Improvements # 741 Westlake Civic Campus # 738 Certificates of Obligation 11,500,000 12,427,600 - Installment Sale - - 5,106,000 5,500,000 General Fund 82,500 - Private - e 4A Loan 50,000 - 4B Loan Subtotal Subtotal 11,500,000 50,000 17,616,100 5,500,000 276,623 278,948 Westlake Interchange Improvements # 741 4A Grant - 350,000 76,623 278,948 4B Grant 200,000 200,000 200,000 - Subtotal 200,000 550,000 276,623 278,948 Dove Road Overlay Private - 85,000 85,000 - 4B Grant 234,049 234,049 234,049 - General Fund - - 30,000 Subtotal 234,049 319,049 349,049 - FM 1938 # 742 Private 610,025 1,068,687 610,025 458,662 Other Cities 162,947 162,947 162,947 4A Grant 82,174 82,174 Subtotal 772,972 1,313,808 772,972 540,836 Duct Bank Infrastructure # 730 4A Loan - 1,770,757 - Subtotal 1,770,757 - - WL 1 Keller Overhead Storage Tank Utility Fund - - 119,668 4B Loan 118,887 118,887 - Subtotal 118,887 - 118,887 119,668 Fire & EMS # 754 Grants 209,000 209,000 General Fund 339,122 554,822 339,122 215,700 Subtotal 339,122 763,822 339,122 424,700 Elevated Storage Tank Connection # 900.7 4B - 401,000 Utility Fund _ S ubtotal 401,000 Circle T Mall Development #752 4A 1 51,350 70,846 Subtotal 51,350 70,846 Telecommunications Conduit Extension #755 4A - - 65,571 Enterprise Fund Subtotal 65,571 Fidelity Tax Reimbursement #759 4A 110,571 1/22/2003 Total Allocated Adopted Capital Projects Funding 01/02 Budget Amount 01/02 Actual 0?/03 Subtotal 110,571 Park & Open Space Planning #757 4B Grant 20,500 Subtotal 20,500 Master Thoroughfare update - Retail Dev. #753 4B 81,000 S ubtotaI - - 81,000 Permanent DPS Facility #756 4B - - 21,000 S ubtota1 - 21,000 ®ttinger/Dove Rd Intersection Rebuild #760 4A - 9,071 Subtotal - - 9,071 Expanded level Bridge Enhancements 3761 4A 43,071 S ubtota1 43,071 Total Funding For Capital Projects 13,165,030 4,767,436 19,524,103 7,686,782 1/22/2003 ti" ._illy Capital Project # 739 Project description Dove Road will be overlaid from the east border to PD 3-1 and west to PD 3-1 to the proposed new intersection of Dove Road and Ottinger. Project Schedule Design Construction Fiscal Impact -r r Sep -01 Sep -01 Oct -01 Jun -02 Impact on Operating Budget LTD Budget FY Planned Projected Annual Operating Budget 9/30/022 02/03 FY 03/04 FY 04/05 FY 05/06 Total Personnel Expenses Supplies Maintenance Services Debt Service Capital Outlay Total Expense Total Revenues TOTAL $ $ $ - $ $ $ Net to Fund Balance 1/22/2003 LTD Budget FY Planned Project Expense 9/30/02 02/03 FY 03/04 FY 04/05 FY 05/06 FY 06/07 Design Construction 353,000 Contingencies TOTAL $ 353,000 $ $ $ $ $ _ Funding Source Certificates of Obligations Private 89,000 General Fund 30,000 Enterprise Fund Westlake Visitor's Association Grants Utility Fund Total 119,000 _ Interfund Grants 4A 4B 234,049 Total 234,049 TOTAL $ 49 $ $ $ $ $ _ Impact on Operating Budget LTD Budget FY Planned Projected Annual Operating Budget 9/30/022 02/03 FY 03/04 FY 04/05 FY 05/06 Total Personnel Expenses Supplies Maintenance Services Debt Service Capital Outlay Total Expense Total Revenues TOTAL $ $ $ - $ $ $ Net to Fund Balance 1/22/2003 Capital Project # 900.6 Project Description Water storage tank the City of Keller and the Town of Westlake share. Funding provided by City of Keller and Town of Westlake. Project Schedule Design Construction Fiscal Impact Jan -01 May -01 Jun -01 Jun -02 Impact on Operating Budget LTD Budget FY Planned Projected Annual Operating Budget 9/30/022 02/03 FY 03/04 FY 04/05 FY 05/06 Total Personnel Expenses Supplies Maintenance - Services Debt Service Capital Outlay Total Expense Total Revenues TOTAL $ e $ - $ $ $ $ Net to Fund Balance 1/22/2003 LTD Budget FY Planned FY 03/04 FY 04/05 FY 05/06 FY 06/07 Project Expense 9/30/02 02/03 Design Engineering Contingencies 118,887 119,668 119,668 120,000 120,000 120,000 TOTAL $ 118,887 $ 119,668 $ 119,668 $ 120,000 $ 120,000 $ 120,000 Funding Source Certificates of Obligations Private General Fund Utility Fund 119,668 119,668 120,000 120,000 120,000 Westlake Visitor's Association Grants Total - 119,668 119,668 120,000 120,000 120,000 Interfund Loans 4A 4B 118,887 118,887 - Total TOTAL $ - $ - $ - $ $ $ Impact on Operating Budget LTD Budget FY Planned Projected Annual Operating Budget 9/30/022 02/03 FY 03/04 FY 04/05 FY 05/06 Total Personnel Expenses Supplies Maintenance - Services Debt Service Capital Outlay Total Expense Total Revenues TOTAL $ e $ - $ $ $ $ Net to Fund Balance 1/22/2003 Y Capital Project # 757 Project Description To maintain the physical beauty of the Town's settings, it is necessary to create an intensive plan outlining the Parks and Open Spaces of Westlake. Project Schedule Design Construction Fiscal impact • Oct -03 Sept -04 1/22/2003 LTD Budget FY Planned FY 03/04 FY 04/05 FY 05106 FY 06/07 Project Expense 9/30/02 02/03 Design 18,000 18,000 Construction Grants - Contingencies 2,500 2,500 TOTAL $ - $ - $ $ $ $ - Funding Source Prior Year's Remaining Funds Certificates of Obligations - 20,500 Total Expense Total Revenues Private TOTAL General Fund $ (20,500) $ Net to Fund Balance Enterprise Fund $ Westlake Visitor's Association Grants Utility Fund - - - - Total Interfund Grant 4A 4B 20,500 Total 20,500 TOTAL $ - $ 20,500 $ - $ $ $ - 1/22/2003 LTD Budget FY Planned FY 03/04 FY 04/05 FY 05/06 Total Projected Annual Operating Budget 9/30/022 02/03 Administrative Expenses 18,000 18,000 Town Attorney Civil Engineer - Financial Services 2,500 2,500 Debt Service - Capital Outlay 20,500 - 20,500 Total Expense Total Revenues TOTAL $ $ (20,500) $ Net to Fund Balance $ 1/22/2003 Capital Project # 753 Project Description Developing the infrastructure for the Town is an important part of creating commercial development. In order to keep development growing in an organized and anticipated manner, it is necessary to update the Master Throroughfare. This will allow the Town to shape growth in a way that coincides with the vision of Westlake, Project Schedule ]Begin End Design Oct -03 Sept -04 Construction Fiscal Impact LTD Budget FY Planned Projected Annual Operating Budget 9/30/022 02/03 FY 03/04 FY -0-4-/ 5 Y 05/06 Total Administrative Expense 20,000 20,000 Review 22,500 22,500 Financial Services 3,500 3,500 Attorney 35,000 35,000 Debt Service Capital Outlay - Total Expense - 81,000 81,000 Total Revenues TOTAL $ - $ (81,000) $ $ $ $ (81,000) Net to Fund Balance 1/22/2003 LTD Budget FY Planned FY 03/04 FY 04/05 FY 05/06 FY 06/07 Project Expense 9/30/02 02/03 Design/Architecture Construction Grants Contingencies TOTAL $ $ - $ $ $ $ Funding Source Prior Year's Remaining Funds Certificates of Obligations Private General Fund Enterprise Fund Westlake Visitor's Association Grants Utility Fund Total Interfund Grant 4A 4B 81,000 Total 81,000 - TOTAL $ $ 81,000 $ - $ $ $ _ LTD Budget FY Planned Projected Annual Operating Budget 9/30/022 02/03 FY 03/04 FY -0-4-/ 5 Y 05/06 Total Administrative Expense 20,000 20,000 Review 22,500 22,500 Financial Services 3,500 3,500 Attorney 35,000 35,000 Debt Service Capital Outlay - Total Expense - 81,000 81,000 Total Revenues TOTAL $ - $ (81,000) $ $ $ $ (81,000) Net to Fund Balance 1/22/2003 Capital Project # 756 Project Description To better serve residents and businesses in Westlake, the DPS will need a permenant structure to be housed in. This project includes all phases of building these facilities. Proiect Schedule Design Construction Fiscal Impact Oct -03 Dec -03 Dec -03 Oct -04 Net to Fund Balance 1/22/2003 LTD Budget FY Planned FY 03/04 FY 04/05 FY 05/06 FY 06/07 Project Expense 9/30/02 02/03 Design 15,000 15,000 Construction 3,200,000 - Grants - Contingencies 6,000 6,000 TOTAL $ - $ $ 3,200,000 $ - $ - $ Funding Source - Prior Year's Remaining Funds Certificates of Obligations 21,000 Total Expense Total Revenues Private TOTAL General Fund $ (21,000) $ $ $ 1 $ (21,000) Enterprise Fund Westlake Visitor's Association Grants Utility Fund - Total Interfund Loans 4A 4B 21,000 - 21,000 - - Total TOTAL $ - $ 21,000 $ (3,200,000) Net to Fund Balance 1/22/2003 LTD Budget FY Planned FY 03/04 FY 04/05 FY 05/06 Total Projected Annual Operating Budget 9/30/022 02/03 Administrative Expenses 15,000 15,000 Town Attorney - Civil Engineer - Financial Services 6,000 6,000 Debt Service Capital Outlay - 21,000 21,000 Total Expense Total Revenues TOTAL $ $ (21,000) $ $ $ 1 $ (21,000) Net to Fund Balance 1/22/2003 Capital Project # 900,7 Project Description - Proposed This project will connect the completed Keller/Westlake elevated storage facility to the Dove Rd. water line thus adding supply and relieving the west pump station from peak demand requirements and reducing the likelihood of peak charges imposed by the City of Fort Worth via the uniform water contract. This project is budgeted to come from 413 economic development funds. The amount of funding can be reduced by as much as 60% if the Town is successful in negotiating an infrastructure participation agreement with Fullwood in conjunction with the Circle T Mail. Design Construction Fiscal lmt)act Nov -02 Jan -03 Jan -03 Mar -03 Budget FY Planned Project Expense LTD 9/30/02 02/03 FY 03/04 FY 04/05 FY 05/06 FY 06/07 Design/Engineering 29,835 Construction 326,850 Contingencies 28,315 TOTAL $ - $ 385,000 $ - $ $ $ Funding Source Certificates of Obligations Private General Fund Enterprise Fund Westlake Visitor's Association Grants Utility Fund Total - Interfund Loans 4A 4B 401,000 Total 401,000 - TOTAL $ $ 16,000 $ - $ - $ - $ 1/2212003 Budget FY Planned Projected Annual Operating Budget LTD 9/30/022 02/03 FY 03/04 FY 04/05 FY 05/06 Total Personnel Expenses Supplies Maintenance - Financial Services 1,000 Services (water maint. Contract) 15,000 15,450 15,900 16,350 62,700 Debt Service - apital Outlay - - 16,000 15,450 15,900 16,350 62,700 TotalExpense Total Revenues TOTAL $ - $ (16,000) $ (15,450) $ (15,900) $ (16,350) $ (62,700) Net to Fund Balance $ - $ - $ (15,450) $ (15,900) $ (16,350) $ (62,700) 1/2212003