Approved Minutes — original pdf

Approved Minutes

BOND OVERSIGHT COMMISSION JUNE 16, 2021 2:00 PM VIA VIDEOCONFERENCING BOND OVERSIGHT COMMISSION MINUTES The Bond Oversight Commission convened in a regular meeting on June 16, 2021 with Social Distancing Modifications. Chair Rodriguez called the meeting to order at 2:02 PM Board Members in Attendance: Santiago Rodriguez, Chair Sumit DasGupta, Vice-Chair Charles Curry Michael Drohan Francoise Luca John McNabb Nicole Wren Patricia Wadsack, Public Works Janice White, Public Works Staff in Attendance: Eric Bailey, Public Works David Bain, Public Works Will Mixon, Financial Services Bryan Rivera, Financial Services CALL TO ORDER 1. APPROVAL OF MINUTES The minutes for the meeting of April 21, 2021 were approved as amended with a motion by Vice-Chair DasGupta, Commissioner McNabb second on a 7-0 vote, with Commissioners Cook, Spigner III, and Niedert absent. Newly appointed members, Commissioners Drohan and Wren, were introduced and welcomed to the Commission. 2. DISCUSSION 3. STAFF BRIEFINGS a. Staff briefing from the Public Works Department about COVID-19 impacts to capital projects Staff from the Public Works Department provided a briefing to the Commission on the impacts of COVID-19 on capital projects. They provided information on active construction projects, response to COVID-19 cases, and impacts COVID-19 has had on capital projects. Staff answered questions from the commissioners after the presentation. b. Staff briefing from the Treasury Office to provide an update regarding general obligation bond sales BOND OVERSIGHT COMMISSION MEETING MINUTES June 16, 2021 Staff from the Financial Services Department provided a briefing to the Commission on general obligation bond sales. They provided information on general obligation debt, steps to issue debt, the September 2021 bond sale, and the City’s general obligation bond ratings. Staff answered questions from the commissioners after the presentation. c. Staff briefing from the Public Works Department about capital project delivery in the City of Austin Staff from the Public Works Department provided a briefing to the Commission on capital project delivery in the City of Austin. They provided information on an overview of capital project delivery, public project delivery approach, project delivery methods, and details around capital projects’ quality, schedule, and budget. Staff answered questions from the commissioners after the presentation. 4. FUTURE AGENDA ITEMS a. Moving agenda items from the canceled May meeting to a later date b. Information related to the relationship between Project Connect and bond program projects 5. ADJOURN Chair Rodriguez adjourned the meeting at 3:53 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 512-974-7962, 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. 2