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May 18, 2022

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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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May 18, 2022

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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 …

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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 …

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April 20, 2022

Approved Minutes original pdf

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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 …

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April 20, 2022

Staff Response original pdf

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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

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March 16, 2022

Agenda original pdf

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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 …

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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

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March 16, 2022

Approved Minutes original pdf

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BOND OVERSIGHT COMMISSION MARCH 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 March 16, 2022 with Social Distancing Modifications and some commissioners participating via WebEx conference. Chair Rodriguez called the meeting to order at 2:05 PM Board Members in Attendance: Santiago Rodriguez, Chair Sumit DasGupta, Vice-Chair Charles Curry Michael Drohan Stephen Gonzalez Francoise Luca John McNabb Kristin Weaver Nicole Wren Staff in Attendance: Katie Stewart, Budget Thomas Rowlinson, Parks and Recreation Randy Scott, Parks and Recreation Robynne Heymans, Parks and Recreation Paul Brooks, Parks and Recreation Mike Kelly, Watershed Protection Department Pam Kearfott, Watershed Protection Department Annie Van Zant, Watershed Protection Department ___ CALL TO ORDER 1. APPROVAL OF MINUTES 2. STAFF BRIEFING The minutes for the meeting of February 16, 2022 were approved with a motion by Vice-Chair DasGupta, Commissioner Drohan second on an 9-0 vote, with Commissioner Niedert absent. a. Staff briefing from the Parks and Recreation Department related to the Parkland Acquisition Staff from the Parks and Recreation Department provided a briefing to the commission with an update on the status of the Parkland Acquisition. They presented a video summarizing the acquisition and dedication project and what has been accomplished since the 2018 parks bond. Parks and Recreation staff then took questions from commissioners. BOND OVERSIGHT COMMISSION MEETING MINUTES February 16, 2022 b. Staff briefing from the Watershed Protection Department related to the 2018 bond program Staff from the Watershed Protection Department briefed the commissioners on the 2018 watershed bond progress. Staff presented updates for the bond program involving flood mitigation and drainage projects. Watershed Protection Department staff then answered questions from commissioners. 3. DISCUSSION AND POSSIBLE ACTION a. Discussion and possible action related to the FY 2022-23 budget process and Commission budget recommendations The commission introduced FY 2022-23 budget process documents for review to provide recommendations to the budget office. Recommendations are due March 31, 2022. The board discussed. a. Development of webpage to make bond program information more accessible to the 4. FUTURE AGENDA ITEMS community. b. 2018 Transportation projects. c. Update on authorized but unissued bonds. d. Libraries and Cultural Centers bond programs. 5. ADJOURN Chair Rodriguez adjourned the meeting at …

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Agenda original pdf

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BOND OVERSIGHT COMMISSION February 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. Francoise Luca John McNabb Wolfgang Niedert Kristen Weaver Nicole Wren AGENDA CURRENT BOARD MEMBERS: Santiago Rodriguez, Chair Sumit DasGupta, Vice Chair Sarah Cook Charles Curry Michael Drohan CALL TO ORDER 1. APPROVAL OF MINUTES meeting CITIZEN COMMUNICATION: GENERAL a. Approval of the minutes from the November 17, 2021 Bond Oversight Commission 2. DISCUSSION a. Introduction of a newly appointed member to the Bond Oversight Commission 3. STAFF BRIEFINGS on bond programs a. Staff briefing from the Public Works Department related to the impact of inflation b. Staff briefing from the Housing and Planning Department related to the 2018 Affordable Housing Bond 4. DISCUSSION AND POSSIBLE ACTION a. Discussion and possible action on the adoption of the 2022 work plan b. Discussion and possible action related to the FY 2022-23 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 Will Mixon, Financial Services Department, at 512-974-7962, for additional information; TTY users route through Relay Texas at 711. To speak remotely at the February 16, 2022 Bond Oversight Commission meeting, members of the public must: •Call or email the board liaison, Will Mixon, at (512) 974-7962 or William.Mixon@austintexas.gov no later than noon, February 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 to the board liaison, the speaker 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. …

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Draft 2022 Work Plan original pdf

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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

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Item 3A Briefing original pdf

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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

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Item 3B Briefing original pdf

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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 …

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Approved Minutes original pdf

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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 …

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Nov. 17, 2021

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BOND OVERSIGHT COMMISSION November 17, 2021, 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. Francoise Luca John McNabb Wolfgang Niedert Nicole Wren AGENDA CURRENT BOARD MEMBERS: Santiago Rodriguez, Chair Sumit DasGupta, Vice Chair Sarah Cook Charles Curry Michael Drohan CALL TO ORDER 1. APPROVAL OF MINUTES meeting 2. STAFF BRIEFINGS CITIZEN COMMUNICATION: GENERAL a. Approval of the minutes from the June 16, 2021 Bond Oversight Commission a. Staff briefing from the Financial Services Department providing an FY 2020-21 year-end financial update on the 2012, 2016, 2018, and 2020 voter-approved bond propositions 3. DISCUSSION AND POSSIBLE ACTION a. Discussion and possible action on the adoption of the 2021 annual report of the Bond Oversight Commission b. Discussion and possible action on issues related to quorum and the adoption of the 2022 Bond Oversight Commission calendar 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 Will Mixon, 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 Will Mixon at 512-974-7962.

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