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C I T Y O F A U S T I N | O C T O B E R 1 8 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission C I T Y O F A U S T I N | O c t o b e r 1 8 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission Our Vision Ensure efficiency, equity, timeliness, and accountability in the implementation of existing and future City bond programs. Our Goals The mayor and council shall work with the commission to set priorities and goals for each new bond issue to be submitted to the voters. The commission shall advise the council on proposed bonds and the implementation of projects approved in bond elections. Our Mission The commission shall monitor the city manager's plans relating to the issuance of bonds and the implementation of projects approved in bond elections, including the review of future potential bonds, the annual appropriation of bond funds, and any changes in the amount of bond funds issues or cash commitments made. C I T Y O F A U S T I N | O c t o b e r 1 8 , 2 0 2 2 Bond Oversight Commission I T E M 2 . PARKS AND RECREATION Bond Oversight Commission 2018 BOND Proposition C – Parks and Recreation P r e s e n t e r : S t e v e n L i n e t t PA R D C a p i t a l I m p r o v e m e n t P r o g r a m M a n a g e r C I T Y O F A U S T I N | O c t o b e r 1 8 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 4 2018 BOND, PROPOSITION C Parks The issuance of $149,000,000 in tax supported general obligation bonds and notes for planning, acquiring, constructing, renovating, improving and equipping public parks, Bond Oversight Commission recreation centers, natural areas, and other related facilities, including, without limitation, playgrounds, hike and bike trails, sports courts, and swimming pools, and acquiring land and interests in …
Agenda — original pdf
REGULAR MEETING of the BOND OVERSIGHT COMMISSION September 21, 2022, 2:00 P.M. to 4:00 P.M. Austin City Hall, Boards and Commissions Room 1101 301 W 2nd Street, Austin, TX 78701 Some members of the Bond Oversight Commission may be participating by videoconference. The meeting may be viewed online at: http://www.austintexas.gov/page/watch-atxn-live. Public comment will be allowed in-person or remotely via telephone. Speakers may only register to speak on an item once either in-person or remotely and will be allowed up to three minutes to provide their comments. Registration no later than noon the day before the meeting is required for remote participation by telephone. To register to speak remotely, call or email Tina Van Wie, 512-974-7921, tina.vanwie@austintexas.gov CURRENT BOARD MEMBERS: Santiago Rodriguez, Chair Sumit DasGupta, Vice Chair Cesar Benavides Charles Curry Michael Drohan Stephen Gonzalez CALL TO ORDER Francoise Luca John McNabb Wolfgang Niedert Kristin Weaver Nicole Wren AGENDA PUBLIC COMMUNICATION: GENERAL The first 10 speakers who register to speak no later than noon the day before the meeting will be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. APPROVAL OF MINUTES on May 18th, 2022 1. Approval of the minutes of the Regular meeting of the Bond Oversight Commission STAFF BRIEFINGS 2. Staff Briefing from Financial Services on web content related to General Obligation Public Improvement Bonds 3. Staff briefing from the Austin Police Department related to the 2012 bond program 4. Staff briefing from the Austin Public Health Department related to the 2018 bond 5. Staff Briefing from Treasury related to the Annual Public Improvement Bond program Issuance DISCUSSION AND ACTION 6. Discussion and possible action on 2023 Meeting Schedule and topics for agenda FUTURE AGENDA ITEMS ADJOURNMENT The City of Austin is committed to compliance with the American with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign Language Interpreters or alternative formats, please give notice at least 2 days (48 hours) before the meeting date. Please call Tina Van Wie, Financial Services Department, at 512-974-7921, for additional information; TTY users route through Relay Texas at 711. For more information on the Bond Oversight Commission, please contact Tina Van Wie at 512-974-7921.
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C I T Y O F A U S T I N | S E P T E M B E R 2 1 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission C I T Y O F A U S T I N | S e p t e m b e r 2 1 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission Our Vision Ensure efficiency, equity, timeliness, and accountability in the implementation of existing and future City bond programs. Our Goals The mayor and council shall work with the commission to set priorities and goals for each new bond issue to be submitted to the voters. The commission shall advise the council on proposed bonds and the implementation of projects approved in bond elections. Our Mission The commission shall monitor the city manager's plans relating to the issuance of bonds and the implementation of projects approved in bond elections, including the review of future potential bonds, the annual appropriation of bond funds, and any changes in the amount of bond funds issues or cash commitments made. 9/21/2022 1 C I T Y O F A U S T I N | S e p t e m b e r 2 1 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission I T E M 3 . PUBLIC SAFETY 2012 BOND Proposition 16 – Police P r e s e n t e r s : C h e l s i e D i t t m a n A P D I n t e r i m C h i e f A d m i n i s t r a t i v e O f f i c e r M i c h e l l e S c h m i d t A P D A s s i s t a n t D i r e c t o r C I T Y O F A U S T I N | S e p t e m b e r 2 1 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 4 2012 BOND, PROPOSITION 16 Public Safety The issuance of $31,079,000 public …
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Bond Oversight Commission, Item 4 September 21, 2022 Dove Springs Public Health Facility 5811 Palo Blanco Lane 2018 Bond Project, Austin Public Health Project Update – September 21, 2022 Kymberley Maddox, Austin Public Health Filip Gecic, Austin Public Health Kalpana Sutaria, Public Works 3 4 2018 - PROPOSITION E Health and Human Services BOND BALANCES Voter-approved $16,000,000 Appropriated $16,000,000 Encumbered $422,361 Spent Committed Available Data thru Q3 FY 2022 $1,555,666 $1,978,027 $14,021,973 100% Appropriated 12% Committed 5 6 Background Multiple flood events have highlighted the lack of public health, basic needs, preventive health care, and employment support services in this neighborhood Austin Public Health (APH) has provided limited services to residents working in partnership with the George Morales Dove Springs Recreation Center and the new facility will consolidate all public health services in one location This new facility was funded in the 2018 Bond Election to provide a full- service Neighborhood Public Health Facility The use of parkland adjoining the George Morales Dove Springs Recreation Center was approved by the Parks Board and City Council in September of 2019 7 8 Community Programs Full-Service Neighborhood Center Basic Needs Services (Food Pantry, Clothes Closet, application assistance) Public Health Nursing/Health Screening Social Work Services Seasonal services (Blue Santa, Thanksgiving Baskets) Women, Infants & Children Clinic (WIC) with counseling services Immunization Clinic Shots for Tots Big Shots High Quality Childcare Center to serve 75 children Multipurpose space and demonstration kitchen for nutrition classes Addition of lighting to the existing soccer fields for promotion of youth programs Construction of trails for connection of neighborhood to Dove Springs District Park trail system APH will manage the public health programs and solicit an operator to manage the high-quality childcare center 9 Community Involvement A Dove Springs Task Force (TF) was formed which represents various community groups and other community leaders in the Dove Springs area to assist with community communications (list on next slide) For Community feedback, we held 4 in-person meetings, 4 virtual meetings and 10 meetings with the Task Force We continue to engage with the TF on all aspects of the project including the Art in Public Places Program A survey was done to receive community input on schematic design to share all aspects of project including the site plan layout, …
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Update on Annual General Obligation Bond Sale Belinda Weaver, Treasurer Joey Kellar, Division Chief - Treasury General Obligation Debt • Property Tax Rate has 2 components Tax Rate Operating & Maintenance (O&M) (General Fund) Debt (Debt Service Fund) • Debt Service tax rate set each year at level needed to fund principal and interest payments on debt issued and pledged with property tax • Pays both existing debt service and debt service associated with upcoming General Obligation bond sale General Obligation (GO) Debt • GO Debt = Public Improvement Bonds, Certificates of Obligation, and Contractual Obligations – $1.675 billion in outstanding General Obligation debt – Issued once per year – Backed by property (ad valorem) taxes and “full faith and credit” of the City Types of GO Debt Purpose Voter Approval City Term Public Improvement Bonds (PIBs) Capital Improvement projects and capital assets Yes 20 years Certificates of Obligation (COs) Real property: land, buildings, right of way, construction of a public work No 20 years Contractual Obligations (PPFCOs) Personal property: equipment, machinery, vehicles, information technology No 7 years Steps to Sell or Issue Debt Spring 2021 Develop CIP Plan August 2021 for FY2021-22 Annual Capital Budget Appropriations Reimbursement Resolutions Spring/Summer/Fall 2022 Develop Bond Sale Schedule Preliminary Official Statement Council Action on Bond Sales Bond Sales and Closing • Work on upcoming bond sale began Spring 2021 • Debt to be sold in upcoming bond sale supports projects and appropriations (authority to spend) previously approved by City Council • Use of Reimbursement Resolution allows projects to begin now and get funded later • Consistent with IRS regulations • Consistent with Financial Policies regarding cash management • Results in lower interest costs GO Bond Sale – Series 2022 September Sale: Public Improvement Bonds (PIBs) - $200.00 M • 2016 Bond Program (Transportation): $110.00 M • 2018 Bond Program: $81.00 M • Affordable Housing - $60.00 M • Parks and Recreation - $15.00 M • Flood Mitigation/Open Space/Water Quality - $3.00M • Library & Cultural – $3.00 M • 2020 Bond Program: $9.00 M • Transportation - $9.00 M GO Bond Sale – Series 2022 • Entire bond sale supports projects and related appropriations already approved by City Council • After September 2022 bond sale, there will be $1,454.895 million in remaining voter authorized general obligation bonds to sell • 2006 Bonds - $4.000 M • 2012 Bonds - $14.480 M • 2016 …
Agenda — original pdf
BOND OVERSIGHT COMMISSION May 18, 2022, 2:00 P.M. to 4:00 P.M. Austin City Hall, Boards and Commissions Room 1101 301 W 2nd Street, Austin, TX 78701 Some members of the Bond Oversight Commission may be participating by videoconference. The meeting may be viewed online at: http://www.austintexas.gov/page/watch-atxn-live. CURRENT BOARD MEMBERS: Santiago Rodriguez, Chair Sumit DasGupta, Vice Chair Cesar Benavides Charles Curry Michael Drohan Stephen Gonzalez Francoise Luca John McNabb Wolfgang Niedert Kristin Weaver Nicole Wren AGENDA Public comment will be allowed in-person or remotely by telephone. Speakers may only register to speak on an item once either in-person or remotely and will be allowed up to three minutes to provide their comments. Registration no later than noon the day before the meeting is required for remote participation. To register, call or email the board liaison, Tina Van Wie, at (512) 974-7921 or Tina.VanWie@austintexas.gov CALL TO ORDER PUBLIC COMMUNICATION: GENERAL The first 10 speakers who register to speak no later than noon the day before the meeting will be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. 1. APPROVAL OF MINUTES meeting a. Approval of the minutes from the April 20, 2022 Bond Oversight Commission 2. DISCUSSION 3. STAFF BRIEFINGS program a. Introduction of a newly appointed member to the Bond Oversight Commission a. Staff briefing from the Austin Police Department related to the 2012 bond b. Staff briefing from the Transportation and Public Works Departments related to the 2012, 2016, 2018, and 2020 bond programs 4. FUTURE AGENDA ITEMS ADJOURNMENT The City of Austin is committed to compliance with the American with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign Language Interpreters or alternative formats, please give notice at least 2 days (48 hours) before the meeting date. Please call Tina Van Wie, Financial Services Department, at 512-974-7921, for additional information; TTY users route through Relay Texas at 711. To speak remotely at the May 18, 2022 Bond Oversight Commission meeting, members of the public must: •Call or email the board liaison, Tina Van Wie, at (512) 974-7921 or Tina.VanWie@austintexas.gov no later than noon, May 17. The information required is the speaker’s name, item number(s) they wish to speak on, whether they are for/against/neutral, and a telephone number or email address. •Once a request to speak has been …
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Approved Minutes — original pdf
BOND OVERSIGHT COMMISSION May 18, 2022 2:00 PM Austin City Hall, Boards and Commissions Room 1101 301 W 2nd Street, Austin, TX 78701 Some members of the Bond Oversight Commission participated by videoconference. The meeting may be viewed online at: http://www.austintexas.gov/page/watch-atxn-live. BOND OVERSIGHT COMMISSION MINUTES The Bond Oversight Commission convened in a regular meeting on May 20, 2022 with Social Distancing Modifications and some commissioners participating via WebEx conference. Chair Rodriguez called the meeting to order at 2:01 PM Board Members in Attendance: Santiago Rodriguez, Chair Sumit DasGupta, Vice-Chair Cesar Benavides Michael Drohan Stephen Gonzalez Francoise Luca Kristin Weaver Nicole Wren Wolfgang Niedert Staff in Attendance: Tina Van Wie, Financial Services Anna Martin, Austin Transportation Eric Bailey, Public Works ___ CALL TO ORDER 1. APPROVAL OF MINUTES a. Approval of the minutes from the April 20, 2022 Bond Oversight Commission meeting. The minutes for the meeting of April 20, 2022 were approved with a motion by Commissioner Drohan, Commissioner Niedert second on a 9-0 vote, with Commissioners Curry and John McNabb absent. a. Introduction of a newly appointed member to the Bond Oversight Commission 2. DISCUSSION 3. STAFF BRIEFINGS a. Staff briefing from the Austin Police Department related to the 2012 bond program Item postponed due to staff unavailability. b. Staff briefing from the Transportation and Public Works Departments related to the 2012, 2016, 2018, and 2020 bond programs BOND OVERSIGHT COMMISSION MEETING MINUTES May 18, 2022 Staff the briefed the commissioners on the status of the 2012, 2016, 2018, and 2020 bond programs regarding various Austin Transportation and Public Works projects. ATD and PW then took questions from commissioners. 4. FUTURE AGENDA ITEMS a. Calendar b. Update from treasury c. Austin Police Department d. Potential website relating to public improvement bonds ADJOURN Chair Rodriguez adjourned the meeting at 2:58 pm. The City of Austin is committed to compliance with the American with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign Language Interpreters or alternative formats, please give notice at least 2 days (48 hours) before the meeting date. Please call Tina Van Wie, Financial Services Department, at 512-974-7962, for additional information; TTY users route through Relay Texas at 711. For more information on the Bond Oversight Commission, please contact Tina Van Wie at 512-974-7921. 2
Backup — original pdf
C I T Y O F A U S T I N | M a y 1 8 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission C I T Y O F A U S T I N | M a y 1 8 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission Our Vision Ensure efficiency, equity, timeliness, and accountability in the implementation of existing and future City bond programs. Our Goals The mayor and council shall work with the commission to set priorities and goals for each new bond issue to be submitted to the voters. The commission shall advise the council on proposed bonds and the implementation of projects approved in bond elections. Our Mission The commission shall monitor the city manager's plans relating to the issuance of bonds and the implementation of projects approved in bond elections, including the review of future potential bonds, the annual appropriation of bond funds, and any changes in the amount of bond funds issues or cash commitments made. C I T Y O F A U S T I N | M a y 1 8 , 2 0 2 2 Bond Oversight Commission I T E M 3 b . Transpor tation and Mobility Bond Oversight Commission 2012 – Proposition 12 2016 – Proposition 1 2018 – Proposition G 2020 – Proposition B P r e s e n t e r s : Anna Martin, Austin Transportation Eric Bailey, Public Works C I T Y O F A U S T I N | M a y 1 8 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 4 2012 ‐ PROPOSITION 12 Transportation and Mobility 2016 ‐ PROPOSITION 1 Transportation and Mobility BOND BALANCES Voter-approved $143,299,000 $720,000,000 100% 100% Appropriated Bond Oversight Commission $143,295,000 $720,000,000 Appropriated Appropriated $4,640,333 $75,334,482 Encumbered Spent $125,329,793 Committed $129,970,126 Available $13,328,874 Data thru Fiscal Year 2022 Q2 $240,547,722 $315,882,203 $404,117,797 44% C I T Y O F A U S T I N | M a y 1 8 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 5 2018 ‐ …
Agenda — original pdf
BOND OVERSIGHT COMMISSION April 20, 2022, 2:00 P.M. to 4:00 P.M. Austin City Hall, Boards and Commissions Room 1101 301 W 2nd Street, Austin, TX 78701 Some members of the Bond Oversight Commission may be participating by videoconference. The meeting may be viewed online at: http://www.austintexas.gov/page/watch-atxn-live. CURRENT BOARD MEMBERS: Santiago Rodriguez, Chair Sumit DasGupta, Vice Chair Charles Curry Michael Drohan Stephen Gonzalez Francoise Luca John McNabb Wolfgang Niedert Kristin Weaver Nicole Wren AGENDA Public comment will be allowed in-person or remotely by telephone. Speakers may only register to speak on an item once either in-person or remotely and will be allowed up to three minutes to provide their comments. Registration no later than noon the day before the meeting is required for remote participation. To register, call or email the board liaison, Tina Van Wie, at (512) 974-7921 or Tina.VanWie@austintexas.gov CALL TO ORDER PUBLIC COMMUNICATION: GENERAL The first 10 speakers who register to speak no later than noon the day before the meeting will be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. 1. APPROVAL OF MINUTES a. Approval of the minutes from the March 16, 2022 Bond Oversight Commission meeting 2. DISCUSSION a. Introduction of a newly appointed member to the Bond Oversight Commission 3. STAFF BRIEFINGS program a. Staff briefing from the Fire and EMS Departments related to the 2018 bond b. Staff briefing from the Financial Services Department related to Public Improvement Bonds for the Capital Improvement Program. 4. DISCUSSION AND POSSIBLE ACTION a. Discussion and possible action on the election of new officers b. Discussion and possible action related to the FY2022-23 budget process and Commission budget recommendations 5. FUTURE AGENDA ITEMS ADJOURNMENT The City of Austin is committed to compliance with the American with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign Language Interpreters or alternative formats, please give notice at least 2 days (48 hours) before the meeting date. Please call Tina Van Wie, Financial Services Department, at 512-974-7921, for additional information; TTY users route through Relay Texas at 711. To speak remotely at the April 20, 2022 Bond Oversight Commission meeting, members of the public must: •Call or email the board liaison, Tina Van Wie, at (512) 974-7921 or Tina.VanWie@austintexas.gov no later than noon, April 19. The information required is …
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Item 3b. Briefing on Public Improvement Bonds for the Capital Improvement Program B O N D OV E RS IGHT CO M M I SS ION A PR I L 20, 2022 PR ES E N TE D BY T I N A VA N W I E , B U D G E T M A N AGE R F I N ANC IAL S E RV I C ES D E PA RTM ENT Public Improvement Bonds (PIBs) – Funding History (1998-2020) s d n a s u o h T $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 339,740 163,400 567,400 925,000 720,000 600,000 306,648 460,000 8 9 9 1 9 9 9 1 0 0 0 2 1 0 0 2 2 0 0 2 3 0 0 2 4 0 0 2 5 0 0 2 6 0 0 2 7 0 0 2 8 0 0 2 9 0 0 2 0 1 0 2 1 1 0 2 2 1 0 2 3 1 0 2 4 1 0 2 5 1 0 2 6 1 0 2 7 1 0 2 8 1 0 2 9 1 0 2 0 2 0 2 Infrastructure Specific Failed Comprehensive Program 90,000 65,000 78,300 PIBs – Aggregate Authorization by Category (2006 – 2020) Affordable Housing, $370 , 12% Public Safety, $127 , 4% Health, $27 , 1% Libraries, Museums, Cultural, $263 , 8% Parks, $311 , 10% Transportation & Mobility, $1,676 , 54% $3.1 Billion Total PIB Authorization Drainage, Open Space, $359 , 11% Dollar amounts in millions. PIBs – Aggregate Balance Status by Category (2006-2020) Public Safety - $127.2 Park - $311.4 85.66 189.27 5.42 36.10 10.61 111.50 Mobility and Transportation - $1,676.4 586.90 117.86 971.64 Library, Museums and Cultural Facilities - $262.9 134.05 9.34 119.56 Health - $27.2 11.86 0.98 14.31 Drainage and Open Space - $359.0 Affordable Housing - $370.0 246.37 249.20 9.06 103.57 60.91 59.89 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Expenses Encumbrances Balance Dollar amounts in millions. Data through Q2 FY22 PIBs – Balance Status by Election Year (2006 -2020) 2020 - $460.0 3.0 15.6 2018 - $925.0 2016 - $720.0 2013 - $65.0 2012 - $306.6 2010 - $90.0 2006 - $567.4 Data through Q2 FY22 282.3 240.5 102.4 75.3 540.3 404.1 441.4 65.0 273.6 89.5 549.4 9.9 23.2 0.0 0.0 …
Backup — original pdf
C I T Y O F A U S T I N | A p r i l 2 0 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission C I T Y O F A U S T I N | A p r i l 2 0 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission Our Goals The mayor and council shall work with the commission to set priorities and goals for each new bond issue to be submitted to the voters. Our Mission The commission shall monitor the city manager's plans relating to the issuance of bonds and the implementation of projects approved in bond Our Vision Ensure efficiency, equity, timeliness, and accountability in the implementation of existing and future City bond programs. elections, including the review of future potential bonds, the annual appropriation of bond funds, and any changes in the amount of bond funds issues or cash commitments made. The commission shall advise the council on proposed bonds and the implementation of projects approved in bond elections. C I T Y O F A U S T I N | A p r i l 2 0 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission 2018 BOND Proposition F – Public Safety (Fire and EMS) I T E M 3 a . PUBLIC SAFETY P r e s e n t e r s : W e s l e y H o p k i n s I n t e r i m A s s i s t a n t C h i e f A u s t i n T r a v i s C o u n t y E M S P e t e r T e l i h a D i v i s i o n C h i e f A u s t i n F i r e D e p a r t m e n t C I T Y O F A U S T I N | A p r i l 2 0 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 4 2018 BOND, PROPOSITION F Public Safety Fire and EMS The …
Approved Minutes — original pdf
BOND OVERSIGHT COMMISSION APRIL 20, 2022 2:00 PM Austin City Hall, Boards and Commissions Room 1101 301 W 2nd Street, Austin, TX 78701 Some members of the Bond Oversight Commission participated by videoconference. The meeting may be viewed online at: http://www.austintexas.gov/page/watch-atxn-live. BOND OVERSIGHT COMMISSION MINUTES The Bond Oversight Commission convened in a regular meeting on April 20, 2022 with Social Distancing Modifications and some commissioners participating via WebEx conference. Chair Rodriguez called the meeting to order at 2:01 PM Board Members in Attendance: Santiago Rodriguez, Chair Sumit DasGupta, Vice-Chair Charles Curry Michael Drohan Kristin Weaver Nicole Wren Wolfgang Niedert Staff in Attendance: Tina Van Wie, Budget Wesley Hopkins, EMS Peter Teliha, AFD ___ CALL TO ORDER 1. APPROVAL OF MINUTES The minutes for the meeting of March 16, 2022 were approved with a motion by Commissioner Wren, Commissioner Niedert second on a 6-0 vote, with Commissioners DasGupta, Gonzalez, McNabb, and Luca absent. a. Introduction of a newly appointed member to the Bond Oversight Commission i. Newly appointed member Commissioner Gonzalez was not present at the 2. DISCUSSION meeting. 3. STAFF BRIEFINGS a. Staff briefing from the Fire and EMS Departments related to the 2018 bond Staff from the Public Safety Department provided a briefing to the commission with an update on the status of the 2018 bond regarding Austin Fire Department and EMS projects. They presented capital improvement project updates regarding various fire and EMS stations. AFD and EMS staff then took questions from commissioners. BOND OVERSIGHT COMMISSION MEETING MINUTES April 20, 2022 b. Staff briefing from Financial Services Department related to Public Improvement Bonds for the Capital Improvement Program Staff from the Financial Services Department briefed the commissioners on annual financial progress and spending plans for all bond packages in the capital improvement program. FSD staff then took questions from commissioners. Commissioner DasGupta joined the meeting during item 3b. 4. DISCUSSION AND POSSIBLE ACTION a. Discussion and possible action on the election of new officers Chair Rodriguez elected to continue service as Chair was approved with a motion by Commissioner DasGupta, Commissioner Niedert second on a 7-0 vote, with Commissioners Gonzalez, McNabb, and Luca absent. Vice-Chair DasGupta elected to continue to serve as Vice-Chair was approved with a motion by Chair Rodriguez, seconded and approved on a vote of 7-0 vote, with Commissioners Gonzalez, McNabb, and Luca absent. b. Discussion and possible action related to the FY 2022-23 budget …
Staff Response — original pdf
FOLLOW UP QUESTION FROM THE APRIL 20, 2022 MEETING OF THE BOND OVERSIGHT COMMISSION Questions: How did we get in the position of running out of authority in one of the most demanded expenditure areas, affordable housing? Why would affordable housing run out of authorization before able to have another comprehensive bond election? Response: The 2018 General Obligation Bonds have been allocated to four distinct spending areas: Rental Housing Development Assistance, Ownership Housing Development Assistance, AHFC Land Acquisition, and Home Repair. Upon approval of the Bonds by the voters, Council adopted a 5-year spending plan for these four spending areas. Rental Housing Development Assistance (RHDA) and Ownership Housing Development Assistance (OHDA) have maintained their annual spending plans over the first three years of allocation. In the fourth year of the spending plan, Council elected to allocate both Year 4 and Year 5 allocations to respond to spending requests more rapidly. Staff has embraced this flexibility while acknowledging the need to ensure funds will be available through the end of FY22-23, the final year of the spend plan. With the addition of Project Connect funds, staff is confident that funds will remain available through the end of FY22-23; however, this funding may be GO Bonds or Project Connect funds. In contrast to RHDA and OHDA, the AHFC Land Acquisition funds were deployed in the first few years of the spend plan, to better respond to immediate needs and opportunities as they arose. Staff has acquired a variety of properties, including vacant land in seven different Council Districts, more than 20 single-family homes to be sold as part of the Community Land Trust, and three hotels for conversion to permanent supportive housing. Staff assumes the balance of the funds in this allocation will support one, possibly two, more acquisitions. The final allocation of GO Bonds has been to our GO Repair program, providing home repair loans to income qualified homeowners. These funds have been allocated to several non-profit organizations serving the Austin area as part of the Home Repair Coalition, such as meal on Wheels and More and Habitat for Humanity. These organizations will provide construction services and submit reimbursement draws accordingly. As these contracts will extend through FY22-23, staff does not expect these funds to be exhausted before then. ‐ Response from Jamey May – Acting Housing and Community Development Officer
Agenda — original pdf
BOND OVERSIGHT COMMISSION March 16, 2022, 2:00 P.M. to 4:00 P.M. Austin City Hall, Boards and Commissions Room 1101 301 W 2nd Street, Austin, TX 78701 Some members of the Bond Oversight Commission may be participating by videoconference. The meeting may be viewed online at: http://www.austintexas.gov/page/watch-atxn-live. CURRENT BOARD MEMBERS: Santiago Rodriguez, Chair Sumit DasGupta, Vice Chair Charles Curry Michael Drohan Francoise Luca John McNabb Wolfgang Niedert Kristin Weaver Nicole Wren AGENDA Public comment will be allowed in-person or remotely by telephone. Speakers may only register to speak on an item once either in-person or remotely and will be allowed up to three minutes to provide their comments. Registration no later than noon the day before the meeting is required for remote participation. To register Call or email the board liaison, Tina Van Wie, at (512) 974-7921 or Tina.VanWie@austintexas.gov CALL TO ORDER PUBLIC COMMUNICATION: GENERAL The first 10 speakers who register to speak no later than noon the day before the meeting will be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. 1. APPROVAL OF MINUTES meeting a. Approval of the minutes from the February 16, 2022 Bond Oversight Commission 2. STAFF BRIEFINGS acquisition program a. Staff briefing from the Parks and Recreation Department related to parkland b. Staff briefing from the Watershed Protection Department related to the 2018 bond 3. DISCUSSION AND POSSIBLE ACTION a. Discussion and possible action related to the FY 2022-23 budget process and Commission budget recommendations 4. FUTURE AGENDA ITEMS ADJOURNMENT The City of Austin is committed to compliance with the American with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign Language Interpreters or alternative formats, please give notice at least 2 days (48 hours) before the meeting date. Please call Tina Van Wie, Financial Services Department, at 512-974-7921, for additional information; TTY users route through Relay Texas at 711. To speak remotely at the March 16, 2022 Bond Oversight Commission meeting, members of the public must: •Call or email the board liaison, Tina Van Wie, at (512) 974-7921 or Tina.VanWie@austintexas.gov no later than noon, March 15. The information required is the speaker’s name, item number(s) they wish to speak on, whether they are for/against/neutral, and a telephone number or email address. •Once a request to speak has been called in or emailed …
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C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission Our Vision Ensure efficiency, equity, timeliness, and accountability in the implementation of existing and future City bond programs. Our Goals The mayor and council shall work with the commission to set priorities and goals for each new bond issue to be submitted to the voters. The commission shall advise the council on proposed bonds and the implementation of projects approved in bond elections. Our Mission The commission shall monitor the city manager's plans relating to the issuance of bonds and the implementation of projects approved in bond elections, including the review of future potential bonds, the annual appropriation of bond funds, and any changes in the amount of bond funds issues or cash commitments made. C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 Bond Oversight Commission I T E M 2 b . WATERSHED PROTECTION Bond Oversight Commission 2018 BOND Proposition D - Flood Mitigation, Open Space & Water Quality Protection P r e s e n t e r s : Pa m K e a r f o t t , P E , C F M A n n i e Va n Z a n t , P M P, E N V S P C I T Y O F A U S T I N | M a r c h 1 6 , 2 0 2 2 B o n d O v e r s i g h t C o m m i s s i o n | p g . 4 2018 BOND, PROPOSITION D Flood Mitigation, Open Space & Water Quality Protection The issuance of $184,000,000 in tax supported general obligation bonds and notes for flood mitigation, open space and water quality and quantity for planning, designing, Bond Oversight Commission acquiring, constructing, and installing improvements and facilities for flood control, erosion control, water quality, water quantity, and storm‐water drainage, and acquiring land, open spaces, and interests in land and …
Backup — original pdf
Bond Oversight Commission 3/16/2022 Backup Item 2a Staff briefing from the Parks and Recreation Department related to parkland acquisition Link to Video Presentation: https://www.youtube.com/watch?v=_m7dM94FSgw&list=PLelTMMBW0YOQpeLLPu1QTzMCveigLYBxZ &index=21