BOND OVERSIGHT COMMISION 2022 DRAFT MEETING SCHEDULE & TENTATIVE TOPICS FOR AGENDA March March 16, 2022 • Project Updates – Parks and Recreation and Watershed o Parkland Acquisition o 2018 Watershed Bond – Flood Mitigation, Open Space, and Water Quality Protection April May June April 20, 2022 • Project Updates – Police, Fire, and EMS o 2012 and 2018 Bonds May 18, 2022 • Project Updates – Public Works and Austin Transportation o 2012, 2016, 2018 and 2020 Mobility Bonds June 15, 2022 • Project Updates – Austin Public Health • General Obligation Bonds Sale and Credit Rating Update • Review and Approve the 2022 Annual Report July August No Meeting – limited staff availability due to annual budget preparation No Meeting – limited staff availability due to annual budget preparation September September 21, 2022 • Project Updates – Austin Public Library, Parks and Recreation, Economic Development October November December o 2012 and 2018 Bonds October 19, 2022 • Project Updates – TBD November 16, 2022 • Project Updates – TBD • Review and Approve 2023 Meeting Calendar No Meeting – Winter Break
CITY OF AUSTIN PUBLIC WORKS DEPARTMENT BOND OVERSIGHT COMMISSION CONSTRUCTION COST INFLATION 16 February 2022 CONNECTING YOU ALL AROUND AUSTIN WHAT IS THE ENR COST INDEX? Engineering News Record • CCI – Construction Cost Index • BCI – Building Cost Index Prices a “basket of goods” including labor, concrete, steel, and lumber Similar to Consumer Price Index (CPI) for measuring inflation across the economy Measured on a monthly basis, 20 individual cities used to create an “industry average”. Unless in the specific market of the individual city, industry average is most accurate INDUSTRY AVERAGE COST INDEX January 2020 – February 2022 CONSTRUCTION COST INDEX January 2020 – February 2022 March 2020 to February 2022 11% CCI increase BUILDING COST INDEX January 2020 – February 2022 March 2020 to February 2022 20% BCI increase INFLATION IS REAL WHAT CAN THE CITY DO? As an individual actor in the construction economy, there isn’t much the City can do about industry‐wide inflation: • Delay construction projects until inflation corrects o Deadlines on implementation of bond projects “Contract with the Voters” • Lock in pricing via contracts/bid guarantee • Update project budgets on a regular basis • Update Engineer’s Estimates as bid time approaches and ensure inflation costs are included. CITY OF AUSTIN PUBLIC WORKS DEPARTMENT CONNECTING YOU ALL AROUND AUSTIN
C I T Y O F A U S T I N | F e b r u a r y 1 6 , 2 0 2 2 Bond Oversight Commission Bond Oversight Commission C I T Y O F A U S T I N | F e b r u a r y 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 | F e b r u a r y 1 6 , 2 0 2 2 Bond Oversight Commission AFFORDABLE HOUSING Bond Oversight Commission 2018 BOND Proposition A – Affordable Hosing C I T Y O F A U S T I N | F e b r u a r y 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 A Affordable Housing The issuance of $250,000,000 in tax supported general obligation bonds and notes for planning, constructing, renovating, improving, and equipping affordable housing facilities Bond Oversight Commission for low income and moderate income persons and families, and acquiring land and interests in land and property necessary to do so, funding loans and grants for affordable housing, and funding affordable housing programs, as may be permitted by law; and the levy of a tax sufficient to pay for the bonds and notes. • • Time Line: Ballot language: 8 years austintexas.gov/election/byrecord.cfm?eid=205 • Contract with the Voters: austintexas.gov/edims/document.cfm?id=304077 C I T Y O F A U S T I N | F e b r u …
AUSTIN CONVENTION CENTER EXPANSION: PROMISES AND PERFORMANCE HEYWOOD SANDERS UNIVERSITY OF TEXAS AT SAN ANTONIO C.H. JOHNSON CONSULTING, INC. Experts In Convention , Sport and Real Estate Consulting the obstacles to future growth in Austin's Convention Center business have continued to mount. Table 2-1 summarizes the major reasons for lost business. The reasons are distributed by the number of room nights lost. Table 2-1 Reasons for Lost Business Primary Reason Facility dates unavailable Inadequate meeting space Lack of large hotel Room rates Political Large room block not available Location No response from hotels Meeting canceled Other reasons Room Nights Lost % of Total 69,820 31,045 28,155 25,133 11,874 11, 130 11,002 9,625 9,175 33,488 29% 13% 12% 10% 5% 5% 5% 4% 4% 14% Source :Austin Convention and Visitor's Bureau Meeting planners reported the lack of available facility dates more than any other reason for not using the Convention Center. The lack of available dates stems from the size of the facility, which prevents the occurrence of simultaneous events. Lack of adequate meeting space was the second most frequently cited problem. The availability of hotel rooms at reasonable rates is also important. Hotel-related factors (four categories in total) account for over 31 percent of the lost business . Additional hotel supply and greater cooperation from tl1e existing hotel community are essential if the city is to realize its meeting market potential. The current convention center is too small to accommodate Austin's pot ential demand . Center management is now facing severe problems in its attempts to retain a number of annual repeating events . Many national rotating events that previously came to Austin and liked the community cannot return because they are now too large for the facility . Many state events have also outgrown the facility. The chart below shows potential scenarios for exhibit-hall occupancy under three potential growth rates (2, 4, and 6 percent) . Exhibit-hall occupancy is the number of days an exhibition hall is rented (including move-in and move- OUt days) divided by the number of days in the year. The following chart h 'b ' t hall occupancy and potential future occupancy under a displays recent ex 1 1 - range of growth rates. I nnn R;innP. StriltP.nV• Austin r.nnv11ntinn r.,mtDr C.ortil\t'l ? _ 0!'!1"o ,:; C.H. JOHNSON CONSULTING, INC. Experts In Convention , Sport and Real Estate Consulting the obstacles to future growth in …
THE STATE OF THE CONVENTION INDUSTRY PRE-COVID Heywood Sanders University of Texas at San Antonio February 16, 2022 IN THE HIGHLY COMPETITIVE CONVENTION MARKET PRE- PANDEMIC, DISCOUNTS, INCENTIVES, AND FREE RENT DEALS HAD BECOME THE NORM 4 CONVENTION SALES Visit Phoenix’s Convention Sales Department represents the two distinct meeting products in Greater Phoenix: (1) the downtown Phoenix market, anchored by the Phoenix Convention Center, and (2) the hotel and resort market. The department comprises two sales teams: The Citywide Sales Team books groups at the convention center, while the Hotel/Resort Sales Team books groups at area hotels and resorts. 14 bookings representing 64,000 delegates and 106,000 room nights. PROGRAM OF WORK RECAP Client Events The Visit Phoenix sales teams hosted, co-hosted or sponsored seven client events in fiscal year 2013-14, exposing more than 1,200 meeting professionals to the city’s meetings- and-convention product. PERFORMANCE SUMMARY Sales Promotions Citywide Sales In fiscal year 2013-14, the Citywide Sales Team booked 232,163 delegates, a 2.3 percent increase over last year’s performance. The sales team also produced 326 leads, which is 11 percent more than a year ago. These 326 prospective groups represent more than 1 million future delegates. Hotel/Resort Sales The Hotel/Resort Sales Team booked 330,797 definite room nights in fiscal year 2013-14, an 11 percent increase over the previous year. The sales team also produced 1,495 leads, representing 1.1 million future delegates. This lead production is a 4 percent increase over last year. Combined, Visit Phoenix’s sales teams booked 436,000 meeting and convention attendees who will consume 621,000 hotel room nights and spend an estimated $540 million. “See It to Believe It” This continuation of the Citywide Sales Team’s fly-in promotion gave potential clients the chance to tour the Phoenix Convention Center, area hotels and off-site venues. To date, this promotion netted 76 in-house meetings and 25 citywide conventions. “Freenix” This citywide booking promotion— created in conjunction with the Phoenix Convention Center and downtown hotel partners—offered complimentary convention center rental and free WiFi (at both hotels and the convention center) for clients with citywide conventions slated from 2015 to 2019. This promotion netted Event Experient E4 American Express INTERaction Infusion Nurses Society CEO Forum CESSE (Council of Engineering Scientific Societies Executives) Phoenix Convention Center/Citywide Buyers Education Trip AMC Institute Resort Buyers Education Trip Total Clients Hosted 173 800 120 24 80 17 12 1,226 Kayla Stidger MEETING SPACE Organization for Human Brain Mapping …
1 ENVIRONMENTAL COMMISSION MOTION 20220216 004a Date: Feb 16, 2022 RATIONALE: Subject: Violet Crown Water and Wastewater Service Extension Requests #5111 and #5112 Location: 10649 SH 71 Austin, Texas, 78736 Motion by: Jennifer Bristol Seconded by: Pam Thompson WHEREAS, the Environmental Commission recognizes that the Water and Wastewater Service Extension requests (SERs) are located in the Barton Creek Watershed, Barton Springs Zone, Edwards Aquifer Contributing Zone, Drinking Water Protection Zone, and are subject to the Save Our Springs Ordinance; WHEREAS, the Environmental Commission recognizes that Watershed Protection Department staff have completed the review and does not recommend approval of the water and wastewater service extension requests #5111 and #5512 for the following reasons: The impacts from the proposed water and wastewater lines would require significant infrastructure improvements in an environmentally sensitive area that the City of Austin is actively working to protect for water quality and endangered species protection THEREFORE, the Environmental Commission does not recommend approval of the above-noted water and wastewater service extension requests. VOTE 9-0 For: None Against: Bedford, Qureshi, Scott, Thompson, Barrett Bixler, Bristol, Ramberg, Guerrero, and Brimer Abstain: None Recuse: None Absent: None Approved By:
1 ENVIRONMENTAL COMMISSION MOTION 20220216 004c Seconded by: Kevin Ramberg Date: Feb 16, 2022 Subject: Iglesia Pentecostal Emanuel, Inc., SP-2020-0324C Motion by: Jennifer Bristol RATIONALE: WHEREAS, the Environmental Commission recognizes the applicant is requesting a variance to vary from LDC 25-8-261 to allow development of a portion of a driveway in the Critical Water Quality Zone to provide site access; WHEREAS, the Environmental Commission recognizes that staff recommends this variance, having determined the findings of fact have been met with conditions. Therefore, the Environmental Commission recommends the variance with the following: Staff Condition: 1. The applicant will provide bollards at appropriate locations adjacent to the drive and parking area to prevent vehicle parking off the pavement. VOTE 9-0 For: Bedford, Qureshi, Bristol, Ramberg, Guerrero, and Brimer Against: Scott, Thompson, and Barrett Bixler Abstain: None Recuse: None Absent: None Approved By:
Special Events Task Force November 2021 Meeting Minutes Wednesday, November 17, 2021 Permitting and Development Center - Third Floor, Room 3205 2: 00 p.m. - 4:00 p.m. Taskforce Members in Attendance: James Russell, Jeff Smith, Heath Riddles, Frances Thompson, Mandi Thomas, Ingrid Weigand, Laurel White Staff in Attendance: Sara Henry, Frances Hargrove, Jason Maurer, Kevin Parker, Mike Jones (APD), Robert Alvarado, Quentin Prior, Brain Oehler (AFD), Bill Manno, Brydan Summers, Brian Block, Iby Setzer Task Force Members Absent: Bobby Garza, Cindy Lo, Shelley Phillips, Dan Carroll, Staff Absent: Tony Hernandez, Bryan Walker Guests: Christian Flores, CBS Austin CALL TO ORDER: Co-Chair Russell called the taskforce to order at 4:10 p.m. 1. APPROVAL OF OCTOBER MINUTES: The taskforce unanimously approved the meeting minutes for October 2021. 2. STAFF BRIEFINGS A. Update on ACE reporting capabilities Mr. Summers presented on ACE reporting capabilities. ACE transitioned to the permitting system AMANDA (AB+C Portal) in 2019, the data available before this migration is limited. Mr. Summers presented on history of data and data limitations for Austin Center for Events. He shared process improvements in the works including being able to track how quickly ACE teams can perform reviews. He explained ACE is looking to tighten up performance measures so we can give stakeholders an assessment for how we are doing. It will take several years to standardize all the ACE departments, so this is a long-term process. Member Weigand explained that the taskforce is looking for post event data collection, Co-Chair Russell explained what they are looking for is something similar to what was implemented by the Parkland Taskforce, and would like to see this model extended beyond park events. Mr. Maurer suggested adding these core sections into the application process on the front end so that data can be collected systematically. Staff would need a clear understanding of the type of data requested from stakeholders to add it. It was determined to add this item to a future agenda for further discussion. Member Weigand requested for 3-1-1 to be able to track events by events. Ms. Henry explained that would not be possible and described the current 3-1-1 Special Events SR process which is in place to support event questions in general and support emergency response where needed. ACE is able respond to 3-1-1 calls in real time for on-site emergency or logistics management, as needed, as well as aggregate the data in …
ENVIRONMENTAL COMMISSION MEETING MINUTES Wednesday, February 16, 2022 The Environmental Commission convened in a public meeting on Wednesday, February 16, 2022 City Hall in Council Chambers at 301 W. 2nd Street, Austin, Texas 78701. Commissioners attending in person: Kevin Ramberg Linda Guerrero Commissioner attending remotely: Perry Bedford Haris Qureshi Rachel Scott Pam Thompson Jennifer Bristol Rick Brimer Audrey Barrett Bixler Commissioners absent: None Staff in Attendance: Pamela Abee-Taulli Kaela Champlin Katie Coyne Cole Huggins Liz Johnston Sherri Kuhl Leslie Lilly Mike McDougal Jorge Morales Shwetha Pandurangi Wendy Rhoades CALL TO ORDER Vice-Chair Ramberg called the meeting to order at 6:09 P.M. CITIZEN 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. None 1 1. 2. 3. 4. APPROVAL OF MINUTES AND ACTION a. Approval of the February 2, 2022 Environmental Commission Regular Meeting Minutes (5 minutes) The minutes of the February 2, 2022 Environmental Commission Regular Meeting were approved on Commissioner Ramberg’s motion, Commissioner Bedford’s motion on a 9-0 vote. STAFF BRIEFINGS a. 87th State Legislature Update—Brie Franco, City of Austin Intergovernmental Relations Officer (30 minutes) Item 2a was postponed until a future Environmental Commission meeting. ITEMS FOR CONSIDERATION AND POSSIBLE ACTION a. Recognize Linda Guerrero for six years of service on the Environmental Commission (10 minutes) Item conducted as posted. No action taken. PUBLIC HEARINGS a. Name: Violet Crown Water and Wastewater Service Extension Requests #5111 & #5112 Applicant: Jim Wittliff, Land Answers, Inc. Location: 10649 SH 71 Austin, Texas 78736 Council District: Austin 2-Mile Extraterritorial Jurisdiction Staff: Kaela Champlin, Environmental Program Coordinator, Watershed Protection Department Watershed: Barton Creek Watershed, Barton Springs Zone, Edwards Aquifer Contributing Zone, Drinking Water Protection Zone Request: Water and Wastewater Service Extension Staff Recommendation: Staff does not recommend approval of the water and wastewater service extension requests (30 minutes) Speakers Jim Witliff, applicant’s engineer Steve Ihnen, applicant’s engineer Craig Bryan, applicant Mike Clifford, Greater Edwards Aquifer Alliance Nicole Netherton, Travis Audubon Dan Snodgrass, The Nature Conservancy Bill Bunch Roy Waley Bobby Levinski Patti Clark, Austin Zoo Scott Duncan A recommendation to deny Water and Wastewater Service Extension Requests #5111 and #5112 was approved on Commissioner Bristol’s motion, Commissioner Thompson’s second on a 9-0 vote. 2 b. Name: 7715 1/2 West State Highway 71, C14-85-288.23(RCA) Applicant: Amanda Swor, …
Water & Wastewater Commission Regular Meeting Minutes February 16, 2022 APPROVED: March 9, 2022 The Water and Wastewater Commission convened in a regular called meeting on February 16, 2022, at Austin Energy Headquarters, 4815 Mueller Boulevard in Austin, Texas and via videoconference. AGENDA Commissioners: William Moriarty (Mayor) Chien Lee, Chair (District 4) Jesse Penn (District 1) Vacant (District 2) Travis Michel (District 3) Commissioners in Attendance: William Moriarty, Jesse Penn, Travis Michel, Chien Lee, Christianne Castleberry, Judy Musgrove, Christy Williams, Grant Fisher, Susan Turrieta Christianne Castleberry, Vice Chair (District 5) Vacant (District 6) Judy Musgrove (District 7) Christy Williams (District 8) Grant Fisher (District 9) Susan Turrieta (District 10) CALL TO ORDER The meeting was called to order at 6:04 p.m. by Chair Lee. PUBLIC COMMUNICATION: GENERAL There were no registered speakers for Public Communication. A. APPROVAL OF MINUTES The minutes from the January 12, 2022, Water and Wastewater Commission regular called meeting were approved on a 9-0 vote on Vice-Chair Castleberry’s motion and Commissioner Turrieta’s second with two vacancies. B. ITEMS FOR COMMISSION’S REVIEW AND RECOMMENDATION FOR APPROVAL TO CITY COUNCIL 1. Recommend approval to negotiate and execute a contract with PSI Water Technologies, Inc. to provide electrolytic cells for a term of two years, in an amount not to exceed $180,000. Recommended by the Water and Wastewater Commission on a 9-0 vote on Commissioner Michel’s motion and Commissioner Turrieta’s second with two vacancies. 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 Blanca Madriz at Austin Water, 512-972-0115 for additional information; TTY-users route through Relay Texas at 711. For more information on the Water and Wastewater Commission, please contact Blanca Madriz at Blanca.Madriz@austintexas.gov. Water & Wastewater Commission Regular Meeting Minutes February 16, 2022 APPROVED: March 9, 2022 2. Recommend approval for an amendment to a contract with Bermex, Inc. for continued manual meter reading services, to increase the amount by $15,427,110 and to extend the term by four years, for a revised total contract amount not to exceed $32,927,110. Recommended by the Water and Wastewater Commission on a 9-0 vote on Vice-Chair Castleberry’s motion and Commissioner Fisher’s second with two vacancies. …
Versión en español a continuación. Finance/Allocations and Strategic Planning/Needs Assessment Committee Meeting of the HIV Planning Council WEDNESDAY, February 16, 2022 Finance/Allocations and Strategic Planning/Needs Assessment Committee Meeting to be held on February 16, 2022, with Social Distancing Modifications Public comment will be allowed via telephone; no in-person input will be allowed. All speakers must register in advance (02/15/2022 by noon). All public comment will occur at the beginning of the meeting. To speak remotely at the February 16, 2022, HIV Planning Council Meeting, members of the public must: •Call or email the board liaison at (512) 972-5806 and Jaseudia.Killion@austintexas.gov no later than noon, (the day before the meeting). The information required is the speaker 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 to the board liaison, residents will receive either an email or phone call providing the telephone number to call on the day of the scheduled meeting. •Speakers must call in at least 15 minutes prior to meeting start in order to speak, late callers will not be accepted and will not be able to speak. •Speakers will be placed in a queue until their time to speak. •Handouts or other information may be emailed to Jaseudia.Killion@austintexas.gov by Noon the day before the scheduled meeting. This information will be provided to Board and Commission members in advance of the meeting. •If this meeting is broadcast live, residents may watch the meeting here: http://www.austintexas.gov/page/watch- atxn-live la junta en Reunión del Finance/Allocations Meeting of the HIV Planning Council Miercoles, 16 de Febrero, 2022 FECHA de la reunion (16 de Febrero, 2022) La junta se llevará con modificaciones de distanciamiento social Se permitirán comentarios públicos por teléfono; no se permitirá ninguna entrada en persona. Todos los oradores deben registrarse con anticipación (02/15/2022 antes del mediodía). Todos los comentarios públicos se producirán al comienzo de la reunión. Para hablar de forma remota en la reunión, los miembros del público deben: • Llame o envíe un correo electrónico al enlace de (512) 972-5806 and Jaseudia.Killion@austintexas.gov a más tardar al mediodía (el día antes de la reunión). La información requerida es el nombre del orador, los números de artículo sobre los que desean hablar, si están a favor / en contra / neutrales, y un número de teléfono o dirección de correo …
REGULAR CALLED MEETING Electric Board APPROVED MINUTES The Electric Board convened in a Regular Called Board Meeting on February 16, 2022 using WebEx video conference at the Permitting Development Center at 10:25 am. Board Members in Attendance: Christian Spies, Rogelio Wallace, David Johnson, Ben Brenneman, Michael King, Delwin Goss, Gabe Flores, David Deshaine and Randy Pomikahl Members Not in Attendance: Ben Brenneman Staff in Attendance: Rick Arzola (DSD), Jordan Word (DSD), Marty Starrett (DSD), Joshua Davis(DSD), Maria Jaramillo(DSD), Roderick Burns(DSD) and Mitchell Tolbert(DSD) February 16, 2022 1. CITIZEN COMMUNICATION: There was no registration of citizens to speak at this Electrical Board. 2. APPROVAL OF MINUTES: The minutes from the December 15, 2021 regular called meeting was approved. Vice Chair member Johnson made a motion to approve the minutes as written, Board member Pomikahl second the motion, and the motion passed 8-0. Board member Goss phone it after the approval took place. 3. DISCUSSION a. IBC Changes in relation with the IEC and IECC- DSD Plan Review Manager Mitchell Tolbert mentions that current edition to the IBC does have some verbiage of generators and backup systems that does not have any effective changes to the electrical code but indicates the 2024 edition will a lot that specifically focuses on EV chargers with minimum requirement of parking stations. Additional upcoming changes are on the horizon but plan review will take a closer look at those in 2023 and how they coincide with NEC. b. Austin Energy Criteria Manual- Marty Starrett provided information that Austin Energy quarterly meeting was set for Wednesday Feb 17. No further update was provided. c. Disconnect Locations- Staff Marty Starrett mentioned he had requested staff from Austin Energy to speak in today’s Electrical Board but no one from A.E replied. In an unrelated topic, staff Tolbert mentioned that AE was working on creating a “pre- review” group that will assist in coordinating issues related to disconnect means being required outside of NEC requirements. As of now that pre-review group is still in the forming stages and DSD hopes to know a little more about it and what will it entails in the coming days. d. Residential and Commercial Inspection Update- On the commercial side, Marty informed that two inspectors have left the inspection team and has posted two replacements position to re-fill. Expectancy to refill those positons is by the end of the week. On the residential side, …
BOND OVERSIGHT COMMISSION FEBRUARY 16, 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 November 16, 2022 with Social Distancing Modifications and some commissioners participating via WebEx conference. Chair Rodriguez called the meeting to order at 2:07 PM Board Members in Attendance: Santiago Rodriguez, Chair Sumit DasGupta, Vice-Chair Charles Curry Michael Drohan Francoise Luca John McNabb Kristen Weaver Nicole Wren Staff in Attendance: Will Mixon, Financial Services Eric Bailey, Public Works Jamey May, Housing and Planning CALL TO ORDER 1. APPROVAL OF MINUTES The minutes for the meeting of November 17, 2021 were approved with a motion by Vice-Chair DasGupta, Commissioner McNabb second on an 8-0 vote, with Commissioners Cook and Niedert absent. Newly appointed member Commissioner Kristen Weaver (District 1) was introduced and welcomed to the commission. 2. DISCUSSION 3. STAFF BRIEFING a. Staff briefing from the Public Works Department related to the impact of inflation on bond programs Staff from the Public Works Department provided a briefing to the commission with an update on the impact of construction and building cost inflation on bond projects. They discussed mitigation strategies against the impacts of inflation and shared that there have not been any inflation-related delays to bond project construction so far. Public Works staff then took questions from commissioners. BOND OVERSIGHT COMMISSION MEETING MINUTES February 16, 2022 b. Staff briefing from the Housing and Planning Department related to the 2018 Affordable Housing Bond Staff from the Financial Services Department and the Housing and Planning Department briefed the commissioners on the 2018 Affordable Housing Bond progress. Financial Services staff provided an overview of bond language and high-level financial figures. Housing and Planning staff then provided an update on detailed financials and timelines for the bond spending plan, including land acquisitions, community land trusts, displacement prevention and affordability programs, and development partnerships. Housing and Planning staff then answered questions from commissioners. 4. DISCUSSION AND POSSIBLE ACTION a. Discussion and possible action on the adoption of the 2022 work plan The 2022 Bond Oversight Commission workplan was approved with a motion by Vice- Chair DasGupta, Commissioner Drohan second on an 8-0 vote with Commissioners Cook and Niedert absent. b. Discussion and …
