Regular Called Meeting of the Bond Oversight Committee April 17, 2024, 2:00 P.M to 4:00 P.M Austin City Hall, Boards & Commissions Room 1101 301 W 2nd Street, Austin TX 78701 Some members of the BOARD/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 Nicole Hernandez, 512-974-7644, nicole.hernandez@austintexas.gov CURRENT COMMISSIONERS: Charles Curry, Chair John McNabb, Vice Chair Ramiro Diaz Stephen Gonzalez Francoise Luca CALL TO ORDER AGENDA Edward McHorse Santiago Rodriguez Kristen Weaver Nicole Wren PUBLIC COMMUNICATION: GENERAL The first 10 speakers signed up prior to the meeting being called to order will each be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. 1. Approval of the minutes of the Regular meeting of the Bond Oversight Commission on APPROVAL OF MINUTES February 21, 2024. DISCUSSION ITEMS 2. Discussion on feedback on the Capital Project Public Improvement Bond Dashboard 3. Discussion on the progress of the 2016 Mobility Bond execution 4. Discussion on the proposed resolution for the Bond Oversight Commission to submit to Council DISCUSSION AND ACTION ITEMS 5. Conduct officer elections for the Chair and Vice Chair FUTURE AGENDA ITEMS Capital Project Milestones Examples of Capital Project delivery delaying factors 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 Nicole Hernandez, Capital Delivery Department, at 512-974-7644, for additional information; TTY users’ route through Relay Texas at 711. For more information on the Bond Oversight Commission, please contact Nicole Hernandez at 512-974-7644.
Regular Called Meeting of the Bond Oversight Committee February 21st, 2024, 2:00 P.M to 4:00 P.M Austin City Hall, Boards & Commissions Room 1101 301 W 2nd Street, Austin TX 78701 Some members of the BOARD/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 Nicole Hernandez, 512-974-7644, nicole.hernandez@austintexas.gov CURRENT COMMISSIONERS: Charles Curry, Chair John McNabb, Vice Chair Ramiro Diaz Stephen Gonzalez Francoise Luca CALL TO ORDER AGENDA Edward McHorse Santiago Rodriguez Kristen Weaver Nicole Wren PUBLIC COMMUNICATION: GENERAL The first 10 speakers signed up prior to the meeting being called to order will each be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. 1. Approval of the minutes of the Regular meeting of the Bond Oversight Commission on APPROVAL OF MINUTES January 17, 2024. . DISCUSSION ITEMS 2. Presentation regarding The Affordable Housing Bond Program by, Awais Azhar, Deputy Director, HousingWorks Austin 3. Discussion of feedback on the Municipal Capital Project Public Dashboard presented January 17, 2024 4. Discussion on the creation of a Capital Improvement Projects (CIP) report that show projects behind their planned execution date schedule 5.Discussion on the possible actions of the Bond Oversight Commissions role in recommendation to Council on the timing of bond elections 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 Nicole Hernandez, Capital Delivery Department, at 512-974-7644, for additional information; TTY users’ route through Relay Texas at 711. For more information on the Bond Oversight Commission, please contact Nicole Hernandez at 512-974-7644.
HousingWorks Austin Affordable Housing Bonds www.housingworksaustin.org Awais Azhar (Av-es), awais@housingworksaustin.org Deputy Director HousingWorks Austin Median Family Income (MFI) City of Austin Strategic Housing Blueprint Affordable Housing Bond Priorities • • • • Affordable Housing Bond Background • • • Homes created through the 2006, 2013, and 2018 Affordable Housing Bonds 8,363 6,623 4,456 Total homes built Affordable homes for renter households earning $93,450 or less Affordable homes for renter households earning $58,400 or less 583 575 173 Affordable homes for owner households earning $93,450 Homes dedicated to Permanent Supportive Housing Homes assisted using Home Repair Program in the past fiscal year Land Acquisition • • • • • • • Economic Impact of the 2013 2018 Affordable Housing Bonds Built and rehabilitated 4,370 homes ~3,700 deeply affordable, including 830 permanent supportive homes~ $1.08 billion total construction impact Leveraged $790 million additional funds Added 7,460 jobs Bought supplies Workers spent $609 million in earnings Households living in the new affordable units saved $18.5 million Generated almost $60 million through operations and maintenance Workers spent over $42 million in income per year Employed over 700 workers, including 300 for supportive services Total ongoing impact of $101.3 million per year Generated $25 million by providing supportive services For further information go to: https://tinyurl.com/2p8j66jf 3
Bond Oversight Commission Discussion Items February 21, 2024 Executive Lead: Stephen Grace, PE Assistant Director Capital Delivery Services “Effectively and Efficiently Deliver Quality Projects with the Concept of Speed” 1 Discussion Items • Capital Projects Dashboard Feedback? • Sortable/Filterable • Tied to eCapris/Working Project Management Information System • “Late” Capital Project Report • In Development, Gaps in Historic Data • Discussion on Possible Actions in Support of Commission Work Plan City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 2
Regular Called Meeting of the Bond Oversight Committee January 17th, 2024, 2:00 P.M to 4:00 P.M Austin City Hall, Boards & Commissions Room 1101 301 W 2nd Street, Austin TX 78701 Some members of the BOARD/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 Nicole Hernandez, 512-974-7644, nicole.hernandez@austintexas.gov CURRENT COMMISSIONERS: Charles Curry, Chair John McNabb, Vice Chair Ramiro Diaz Stephen Gonzalez Francoise Luca CALL TO ORDER AGENDA Edward McHorse Santiago Rodriguez Kristen Weaver Nicole Wren PUBLIC COMMUNICATION: GENERAL The first 10 speakers signed up prior to the meeting being called to order will each be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. APPROVAL OF MINUTES 1. Approval of the minutes of the Regular meeting of the Bond Oversight Commission on November 15, 2023. DISCUSSION ITEMS Municipal Capital Project Public Dashboards Capital Project Information Available from Project Health Assessments Non-Construction Bond Programs Inclusion of Audit and Finance Presentations 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 Nicole Hernandez, Capital Delivery Department, at 512-974-7644, for additional information; TTY users’ route through Relay Texas at 711. For more information on the Bond Oversight Commission, please contact Nicole Hernandez at 512-974-7644. 2. 3. 4. 5.
Bond Oversight Commission Discussion Items January 17, 2024 Executive Lead: Stephen Grace, PE Capital Delivery Support Assistant Director “Effectively and Efficiently Deliver Quality Projects with the Concept of Speed” 1 Discussion Items • Municipal Capital Project Public Dashboards • Capital Project Information Available from Project Health Assessments • Non-Construction Bond Programs • Audit and Finance Presentations City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 2 Discussion Items Municipal Capital Project Public Dashboards City of Austin Capital Projects (austintexas.gov) https://capitalprojects.austintexas.gov/projects City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 3 Discussion Items City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 4 Discussion Items City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 5 Discussion Items Municipal Capital Project Public Dashboards 2017 Dallas Bond Program 2017 Dallas Bond Project (dallascityhall.com) https://dallascityhall.com/departments/public-works/dallasbondprogram/Pages/default.aspx City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 6 Discussion Items Municipal Capital Project Public Dashboards City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 7 Discussion Items Municipal Capital Project Public Dashboards • Discussion: • How does Commission think this can be a value for Council? For the Public? • What are the key items Commission would like to maintain or improve visibility? • Other recommendations? City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 8 Discussion Items Capital Project Information Available from Project Health Assessments • Overview • Discussion Items • Portfolio, Program, and Project Data Examples City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 9 Capital Project Information Available from Project Health Assessments Discussion Items • Overview • Content • Portfolio Level Review • Program Review / Individual Bonds • Project Review • Purpose • • Status Update (Scope, Schedule, Budget) Issue Resolution or Elevation Initial/Pilot - TPW (Mobility Bonds) • Audience • • Next – PARD • Next – Remaining Bond Infrastructure • Next – AW, WPD, AUS City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 10 Discussion Items Capital Project Information Available from Project Health Assessments City of Austin | Capital Delivery Services Department | One City, One Team, One Approach 11 Discussion Items Capital Project Information …
Bond Oversight Commission REGULAR CALLED MEETING MINUTES WEDNESDAY, January 17, 2024 The Bond Oversight Commission convened in a Regular meeting on Wednesday, January 17, 2024, at 301 W. 2nd Street in Austin, Texas. Chair Charles Curry called the Bond Oversight Meeting to order at 2:03 p.m. Board Members/Commissioners in Attendance: Charles Curry, Chair Ramiro Diaz Nicole Wren Board Members/Commissioners in Attendance Remotely: Stephen Gonzalez Francoise Luca Edward McHorse Santiago Rodriguez Kristen Weaver PUBLIC COMMUNICATION: GENERAL None APPROVAL OF MINUTES 1. Approve the minutes of the Bond Oversight Commission Regular meeting on November 15, 2023. The minutes from the meeting of November 15, 2023, were approved on Commissioner Ramiro Diaz’s motion, Commissioner Nicole Wren’s second on a 6-0 vote with Commissioner, Santiago Rodriguez and Commissioner, Kristin Weaver off the dais and Commissioner John McNabb absent. 1 3. 4. 5. DISCUSSION ITEMS 2. Municipal Capital Project Public Dashboards. Discussion on the City of Austin’s Capital Project Explorer view of timelines, scopes, and cost information available in comparison to the example of the DTX Bond Dashboard. Discussion will continue at the February meeting for Commissioners to provide feedback and items for consideration as Capital Delivery rebuilds the current dashboard. Capital Project Information Available from Project Health Assessments Discussion on monthly Project Health Assessments information and its contents, including both public and non-public information, and the content available as of now and how Capital Delivery can translate the output of PHA’s to an oversight level. Non-Construction Bond Programs Discussion of the non-construction bond programs and how those funds are being tracked. Capital Delivery will extend and invite Health and Affordable Housing to provide update in the coming months. Inclusion of Audit and Finance Presentations Discussion on Audit and Finance presentation that reconciliation presentations are no longer needed at Bond Oversight Commission. 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 Nicole Hernandez, Capital Delivery Department, at 512-974-7644, for additional information; TTY users’ route through Relay Texas at 711. For more information on the Bond Oversight Commission, please contact Nicole Hernandez at 512- 974-7644. Chair Charles Curry adjourned the meeting at 3:47 p.m. without …
REGULAR MEETING of the BOND OVERSIGHT COMMISSION November 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. 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 COMMISSIONERS: 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 1. Approval of the minutes of the Special Called meeting of the Bond Oversight Commission on October 18, 2022. STAFF BRIEFINGS 2. Staff Briefing from the Housing and Planning Department on Proposition A of the 2018 Bond program for Affordable Housing. 3. Staff Briefing from the Housing and Planning Department on the outcome of the November 8th Election on Proposition A for Affordable Housing. 4. Staff Briefing from Economic Development, Austin Public Library, and Parks and Recreation Department on Proposition B of the 2018 Bond program for Libraries, Museums and Cultural Facilities. DISCUSSION AND ACTION 5. 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.
Bond Oversight Commission Community Interest Announcement Groundbreaking of the Dove Springs Public Health Facility November 5, 2022 at 10:00 AM Corner of Palo Blanco Lane and Ainez Drive on the grounds of George Morales (Dove Springs) A quorum of Commission members may be present. No action will be taken, and no Commission business will occur. Commission Liaison Contact: Tina Van Wie Liaison Telephone Number: 512-974-7921
SPECIAL CALLED MEETING of the BOND OVERSIGHT COMMISSION October 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. 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 COMMISSIONERS: 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 September 21, 2022. 1. Approval of the minutes of the Regular meeting of the Bond Oversight Commission STAFF BRIEFINGS 2018 Bond Program. DISCUSSION AND ACTION 2. Staff Briefing from the Parks and Recreation Department on Proposition C of the 3. 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.
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 …
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.
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 …
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, …
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 …
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 …
