Approved Minutes — original pdf

Approved Minutes

BOND OVERSIGHT COMMISSION APRIL 21, 2021 2:00 PM VIA VIDEOCONFERENCING BOND OVERSIGHT COMMISSION MINUTES The Bond Oversight Commission convened in a regular meeting on April 21, 2021 with Social Distancing Modifications. Chair Rodriguez called the meeting to order at 2:05 PM Board Members in Attendance: Santiago Rodriguez, Chair Sumit DasGupta, Vice-Chair Sarah Cook Charles Curry Francoise Luca John McNabb Staff in Attendance: Eric Bailey, Public Works Martin Barrera, Economic Development Megan Bell, Financial Services Amica Bose, Austin Transportation Veronica Briseno, Economic Development David Colligan, Economic Development CALL TO ORDER 1. APPROVAL OF MINUTES Susan Daniels, Corridor Program Sylnovia Holt-Rabb, Economic Development Pirouz Moin, Public Works Will Mixon, Financial Services Tina Van Wie, Financial Services The minutes for the meeting of January 20, 2020 were approved as posted with a motion by Commissioner Cook, Vice-Chair DasGupta second on a 4-0 vote, with Commissioners Curry and Luca abstaining and Commissioners Spigner III, Drohan and Zhao absent. Newly appointed members, Commissioners Curry and Luca, were introduced and welcomed to the Commission. 2. DISCUSSION 3. STAFF BRIEFINGS a. Staff update about the Mobility Bond Programs. Staff from Austin Transportation, the Corridor Program Office and Public Works gave updates on 2012, 2016, 2018, and 2020 Mobility Bond projects and programs. They provided information on: bond language and financial summaries for each program; recent and upcoming projects and program highlights; and resources. Staff answered questions from the commissioners after the presentation. b. Staff update about Cultural Facilities sponsored by the Economic Development Department. BOND OVERSIGHT COMMISSION MEETING MINUTES April 21, 2021 Staff from the Economic Development Department gave updates on department funded Cultural Arts Facilities projects and programs in the 2006, 2012 and 2018 bond programs. They provided information on: cultural arts facilities bond investments; financial updates, recent and upcoming projects and program highlights; and resources. Staff answered questions from the commissioners after the presentation. 4. DISCUSSION AND POSSIBLE ACTION a. Discussion and possible action on the election of new officers. Vice-Chair DasGupta was elected as Vice-Chair with a motion by Commissioner McNabb and seconded by Commissioner Cook on a 6-0 vote, with Commissioners Spigner III, Drohan, and Zhao absent. Chair Rodriguez was elected as Chair with a motion by Vice-Chair DasGupta and seconded by Commissioner Cook on a 6-0 vote, with Commissioners Spigner III, Drohan, and Zhao absent. b. Discussion and possible action on the Bond Oversight Commission 2021 Workplan Development Chair Rodriguez introduced a discussion and draft document for the revised 2021 Bond Oversight Commission Workplan. The commissioners reviewed this document and agreed to adopt this workplan for the remainder of 2021. 5. FUTURE AGENDA ITEMS a. An update regarding the impact of COVID-19 on capital projects b. A briefing regarding the relationship between the City of Austin and Cap Metro in relation to Project Connect and the relationship between transportation general obligation bond projects and Cap Metro projects 6. ADJOURN Chair Rodriguez adjourned the meeting at 3:40 PM. The City of Austin is committed to compliance with the American with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign Language Interpreters or alternative formats, please give notice at least 2 days (48 hours) before the meeting date. Please call Will Mixon, Financial Services Department, at 512-974-7926, for additional information; TTY users route through Relay Texas at 711. For more information on the Bond Oversight Commission, please contact Will Mixon at 512-974-7926. 2