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City of Southlake, Texas
MEMORANDUM
September 5, 2007
TO: Southlake Crime Control and Prevention District Board
FROM: Jim Blagg, Director of DPS, Assistant City Manager
SUBJECT: Disposition of DPS North property
Action Requested:
Background
Information:
Financial
Considerations:
Citizen Input/
Board Review:
Alternatives:
Supporting
Documents:
Approval of the disposition of DPS North property.
On April 10, 2007 Director of Community Services, Steve Polasek ,� l
discussed the option of SPDC purchasing a portion of the DPS North
site for a future park. The board was interested in reviewing the
possibility of the future park. On July 10, 2007 staff presented the
conceptual plan for a park located on the North property. The 4)L
conceptual plan was comprised of a 22.6 acre park. It was f
recommended during the July meeting that staff obtain an additional
appraisal. Two appraisals were obtained on the 31.133 tract of land
from Goodrich, Schechter & Associates, LLC and Lipscomb Davis &
Company, $4,407,000 ($141,553/acre) and $5,075,000 ($163,010/acre),p
respectively. Both appraisals were discussed with the board during the
August 141h meeting; staff was directed to bring a proposal for the
board to consider during the September meeting. Staff reviewed both o
appraisals and determined $3,441,573 ($152,282/acre) the mid -point of
the appraisals would be a fair and equitable price for 22.6 acres. The '
payment terms would be $800,000 down payment and the remaining o .�
balance of $2,641,573 to be paid over 10 years with an interest rate of
4.0%.
Sale 22.6 acres of land for $3,441,573 with down payment of $800,000
4% interest on remaining balance of $2,641,573 over 10 years.
None required
Approve, amend or deny proposed sale price.
None
I 1
SOUTHLAKE CRIME CONTROL AND PREVENTION DISTRICT
1/2% SALES TAX REPORT
2006-07 Collected Budget Balance
Budget to Date Balance Percent
$ 4,255,000 $3,169,954 1,159,406 27.25%
MONTH
Fiscal Year
2004-05
Actual
Percent
Increase/
(Decrease)
Fiscal Year
2005-06
Actual
Percent
Increase/
(Decrease)
Fiscal Year
2006-07
Actual
Percent
Increase/
(Decrease)
October $208,809
15.75%
$461,119
120.83%
$304,276
-34.01%
November 235,483
27.17%
258,824
9.91 %
308,020
19.01 %
December 336,549
18.78%
371,963
10.52%
523,323
40.69%
January 221,418
25.55%
246,180
11.18%
290,761
18.11 %
February 205,904
31.16%
235,970
14.60%
301,199
27.64%
March 295,147
34.53%
336,357
13.96%
382,088
13.60%
April 246,608
20.52%
303,289
22.98%
311,411
2.68%
May 245,721
10.69%
314,379
27.94%
359,218
14.26%
June 280,578
21.34%
422,323
50.52%
389,658
-7.73%
July 220,410
7.38%
255,215
15.79%
-
-100.00%
August 252,803
29.49%
311,137
23.07%
-
-100.00%
September 276,077
21.90%
340,310
23.27%
-
-100.00%
TOTAL $3,025,507
$3 857 066
$3,169 954
Three Year Revenue Comparison
by Month
$600, 000
$500, 000
$400,000
$300,000
$200,000
$100,000
$0
00 o`O o`O o� oA oA 'A 'Ao�` 'A 'A 'A
O°�
■ Fiscal Year 2004-05 Actual ® Fiscal Year 2005-06 Actual 0 Fiscal Year 2006-07 Actual
Actual
Budget
Actual
Estimated
(budget-est.)
%
2005-06
2006-07
2006-07
2006-07
Difference
Change
October
$ 461,119
$
298,693
$
304,276
$
304,276
$
5,583
1.12%
November
$ 258,824
$
318,527
$
308,020
$
308,020
$
(10,507)
-3.76%
December
$ 371,963
$
440,338
$
523,323
$
523,323
$
82,985
20.66%
January
$ 246,180
$
300,579
$
290,761
$
290,761
$
(9,818)
-3.69%
February
$ 235,970
$
289,315
$
301,199
$
301,199
$
11,884
4.66%
March
$ 336,357
$
400,059
$
382,088
$
382,088
$
(17,971)
-4.95%
April
$ 303,289
$
344,579
$
311,411
$
311,411
$
(33,168)
-10.13%
May
$ 314,379
$
356,813
$
359,218
$
359,218
$
2,404
0.63%
June
$ 422,323
$
475,894
$
389,658
$
389,658
$
(86,236)
-17.40%
July
$ 255,215
$
291,546
$
-
$
291,546
$
-
0.00%
August
$ 311,137
$
353,237
$
$
353,237
$
-
0.00%
September
$ 340,310
$
385,420
$
$
385,420
$
-
0.00%
TOTAL
$ 3,857,066
$
4,255,000
$
3,169,954
$
4,200,156
$
(54,844)