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.
BOND OVERSIGHT COMMISION 2022 APPROVED MEETING SCHEDULE LOCATION: CITY HALL TIME: 2-4 PM • January 19, 2022 • February 16, 2022 • March 16, 2022 • April 20, 2022 • May 18, 2022 • • June 15, 2022 July – No meeting • August – No meeting • September 21, 2022 • October 19, 2022 • November 16, 2022 • December – No meeting
Annual Internal Review Bond Oversight Commission This report covers the time period of 7/1/2020 to 6/30/2021 The Bond Oversight Commission (BOC) mission statement (per Ordinance No. 20150813-010) is: A. The council creates the Bond Oversight Commission to ensure efficiency, equity, timeliness, and accountability in the implementation of existing and future City bond programs. B. 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 issued or cash commitments made C. The mayor and council shall work with the commission to set priorities and goals of each new bond issue to be submitted to voters. D. The commission shall advise the council on proposed bonds and the implementation of projects approved in bond elections. E. The council shall appoint at least three members to the commission who have training or professional experience in financial matters. Describe the board’s actions supporting their mission during the previous calendar year. Address all elements of the board’s mission statement as provided in the relevant sections of the City Code. • Assess and monitor the delivery of current, ongoing bond programs (mission statements A, B and D) Throughout the last year, the BOC focused on the 2016 & 2018 Bond activities while monitoring any outstanding Bond programs: • Staff update on the 2012, 2016, and 2018 Mobility Bond Programs and Projects – July 15th • Staff update from Small and Minority Business Resources – July 15th Meeting • Staff updates from Parks and Recreation, Austin Public Health, and Watershed Protection on 2012 and 2018 Bond Programs – August 26th Meeting Meeting Prepared by Santiago Rodriguez Chair, Bond Oversight Commission • Staff update from Neighborhood Housing and Community Development about the Affordable Housing 2013 and 2018 Bond Programs – September 16th Meeting • Staff update on the Bond Oversight Commission staff briefings presentation template - September 16th Meeting • Staff update from Austin Police Department, Emergency Medical Services, and Austin Fire Department about the Public Safety 2006, 2012, and 2018 Bond Programs – October 21st Meeting • Staff update from the Austin Transportation Department and Public Works Department about the 2020 Mobility Bond (Proposition B) – January 20th Meeting • Staff update from the Austin Transportation Department, Corridor Program Office and Public …
C I T Y O F A U S T I N | N o v e m b e r 1 7 , 2 0 2 1 Bond Oversight Commission Bond Oversight Commission A G E N D A F Y 2 0 2 0- 2 1 Ye a r - E n d F i n a n c i a l R e p o r t 2 0 1 2 , 2 0 1 6 , 2 0 1 8 , a n d 2 0 2 0 B o n d s 2012 Voter-Approved Bonds • Proposition 12: Transportation and Mobility ($143.3 million) • Proposition 13: Open Space and Watershed Protection ($30.0 million) • Proposition 14: Parks and Recreation ($77.7 million) • Proposition 16: Public Safety ($31.1 million) • Proposition 17: Health and Human Services ($11.1 million) • Proposition 18: Library, Museum, & Cultural Arts Facilities ($13.4 million) 2012 Voter-Approved Bonds Grand Total: $306.7 million 2012 Voter-Approved Bonds Total Approved: $306.7 million Overall By Proposition $25.2 million remaining (8.2%) (10.4%) $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0 (7.3%) (0%) (12.0%) (0.7%) (5.6%) Prop 12 Prop 13 Prop 14 Prop 16 Prop 17 Prop 18 Remaining $281.5 million obligated (91.8%) As of FY 2021 year-end 2016 Voter-Approved Bonds • Proposition 1 (Mobility Bond): $720,000,000 for improvements to Loop 360 corridor, Spicewood Springs Road, Old Bee Caves Road Bridge, Anderson Mill Road, intersection of RM 620 and RM 2222, Parmer Lane, North Lamar Boulevard, Burnet Road, Airport Boulevard, East Martin Luther King Jr. Boulevard/FM 969, South Lamar Boulevard, East Riverside Drive, Guadalupe Street, Slaughter Lane, William Cannon Drive, Rundberg Lane, East Colony Park Loop Road, South Congress Avenue, Manchaca and South Pleasant Valley Road; sidewalks, Safe Routes to School, urban trails, bikeways, fatality reduction strategies, and the following local mobility substandard streets/capital renewal projects: Falwell Lane, William Cannon Overpass Bridge, FM 1626, Cooper Lane, Ross Road, Circle S Road, Rutledge Spur, Davis Lane, Latta Drive/Brush Country, Johnny Morris Road, and Brodie Lane 2016 Voter-Approved Bonds Total Approved: $720.0 million Overall $273.1M obligated (37.9%) $446.9M remaining (62.1%) As of FY 2021 year-end 2018 Voter-Approved Bonds • Proposition A: Affordable Housing ($250.0 million) • Proposition B: Library, Museum, and Cultural Arts Facilities ($128.0 million) • Proposition C: Parks and Recreation ($149.0 million) • Proposition D: Flood Mitigation, Open Space, and Water Quality Protection (184.0 million) • Proposition …
