1. Home
  2. Bond Oversight Commission
  3. Nov. 20, 2024 Meeting
Bond Oversight Commission – Nov. 20, 2024

Backup — original pdf

Backup
Thumbnail of the first page of the PDF
Page 1 of 31 pages

C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 Bond Oversight Commission Bond Oversight Commission C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 Bond Oversight Commission I T E M 2 Transpor tation and Mobility Bond Oversight Commission 2016 – Proposition 1 2018 – Proposition G 2020 – Proposition B P r e s e n t e r s : Anna Martin, Transportation and Public Works Eric Bailey, Capital Delivery Services C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 3 2016 - PROPOSITION 1 Transportation and Mobility BOND BALANCES Voter-approved $720,000,000 Appropriated Bond Oversight Commission $720,000,000 Appropriated $64,767,539 $73,021,220 Encumbered 100% 96% 53% Committed Committed Spent Committed Available Data thru Fiscal Year 2024 Data thru Fiscal Year 2023 Q1 $438,797,587 $307,082,826 $503,565,126 $380,104,046 $216,434,874 $339,895,954 C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 - PROPOSITION G Transportation Infrastructure 2020 - PROPOSITION B Transportation Infrastructure BOND BALANCES Voter-approved $160,000,000 $460,000,000 Appropriated Bond Oversight Commission $460,000,000 $160,000,000 Appropriated Appropriated $10,164,592 $27,661,039 $78,792,432 $2,846,131 Encumbered 100% 46% Committed $117,870,538 $16,882,166 $196,662,970 $45,152,159 $263,337,030 $414,847,874 100% 10% Committed Spent Committed Available Data thru Fiscal Year 2023 Q1 Data thru Fiscal Year 2024 $100,000,508 $46,553,718 $110,165,100 $74,214,757 $48,834,900 $85,785,243 C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 5 2016 BOND Transportation and Mobility Austin voters approved $720 million in bonds in 2016 for transportation and mobility improvements throughout the city. Construction of improvements funded by the 2016 Bond Oversight Commission Mobility Bond is identified as a key action item in the recently-adopted Austin Strategic Mobility Plan (ASMP). • Time Line: (as defined in Contract with the Voters) 8 years • Ballot language: https://www.austintexas.gov/election/byrecord.cfm?eid=201 • Contract with the Voters: https://austintexas.gov/edims/document.cfm?id=262118 C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 6 2020 - Proposition B - Transportation Infrastructure $460.00 M $459.40 M $449.31 M $395.10 M Bond Oversight Commission $207.70 M $308.88 M FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 Actual Year End Balance FY22 CIP Plan Projected Year End Balance FY23 CIP Plan Projected Year End Balance $117.71 M $32.92 M $500.00 M $450.00 M $400.00 M $350.00 M $300.00 M $250.00 M $200.00 M $150.00 M $100.00 M $50.00 M $0.00 M C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 7 C O R R I D O R M O B I L I T Y P R O G R A M UPCOMING HIGHLIGHTS RESOURCES Bond Oversight Commission public engagement opportunities, press releases (AustinTexas.gov/WhatsNew) • 2016 Mobility Bond monthly e-Newsletter • William Cannon Drive – Running Water to McKinney • Corridor Program (AustinTexas.gov/department/Corridor-Program) • What’s New: Mobility Annual Plan, upcoming Construction Continues on: • Airport Blvd. – N. Lamar Blvd. to 55th St. • • • Burnet Rd. – Koenig Ln. to White Horse Trl. Bike/Pedestrian improvements across corridors Signal and Pedestrian Hybrid Beacons across corridors Falls Pkwy (CAMPO grant) 2 projects going to bid in next 3 months • Burnet Road – US 183 to Mopac (advertised as 2 segments) Slaughter Ln – Brodie to Mopac • • New IDIQ for bike/ped improvements – will be used for portions of Airport Blvd, Burnet Rd and N Lamar Blvd • Muliti-modal improvement projects Bond Oversight Commission $255M completed, in construction or awaiting notice to proceed • Bike and Pedestrian improvement projects • Signal and Pedestrian Hybrid Beacon improvement projects $100-130M in leveraged funds • Grants • Private sector development • Partnering with Local Mobility Programs for greater impact • Partnering with Utility departments for dig-once opportunities C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 9 Bond Oversight Commission Intersection Improvements $146M in Spending to Bid/Construction in 2025 TYPES OF IMPROVEMENTS • • Bicycle and Pedestrian Infrastructure • Safe Crossings • Multimodal Improvements • Placemaking • Complete Streets • Transit and Bus Stop Improvements HIGHLIGHTED PROJECTS • Burnet Rd., White Horse Trail to US 183 ~$15.6M • Burnet Rd., US 183 to Bright Verde Way ~$21.3M • N. Lamar Blvd., Rundberg Ln to Parmer Ln ~$10M • N. Lamar Blvd., North of Parmer Ln. to Howard Ln. ~$3M • Slaughter Ln., Loop 1 (MoPac) to East of Brodie Ln ~$18.7M • Burnet Rd., Bright Verde Way to Loop 1 (MoPac) ~$31.8M • S. Lamar Blvd., Barton Springs Rd. to US 290 ~$40M • Airport Blvd., 45th St to MLK Jr. Blvd ~$5.8M C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 1 0 2 0 1 6 B o n d R e g i o n a l M o b i l i t y - $ 1 0 1 M Anderson Mill Spicewood Springs Road Anderson Mill Rd construction complete December 2021 Bond Oversight Commission Lakeline Blvd Expansion Funds from the Parmer Lane project were transferred to the Lakeline Boulevard Expansion project, between West Parmer Lane and Capital Metro Lakeline Station. Final design is underway with construction anticipated in Fall 2025. Construction of Spicewood Springs Road expansion began in Fall of 2023 C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 1 1 2 0 1 6 B o n d L o c a l M o b i l i t y - $ 1 3 7 M Safety/Vision Zero - $15M Sidewalks - $37.5M Bikeways - $20M 18 Intersection safety projects completed Bond Oversight Commission Completed 47 projects; now 305+ miles of AAA network Completed over 64 miles of new/rehabbed sidewalk Urban Trails - $26M Safe Routes to School - $27.5M Substandard Streets - $11M Section of Country Club Creek Trail Addressed 440 barriers at 125 schools Nine Preliminary Engineering Reports were completed C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 1 2 T R A N S P O R T A T I O N A N D M O B I L I T Y HIGHLIGHTS: • 92% of 2016 Local Mobility Bond funds have been expended Bond Oversight Commission • 500+ discrete projects have been completed City-wide • Completed Vision Zero intersection projects resulted in 22% reduction in serious injuries/fatalities C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 1 3 2018 BOND, PROPOSITION G Transportation Infrastructure The issuance of $160,000,000 in tax supported general obligation bonds and notes for planning, constructing, reconstructing, and improving roads, streets, intersections, Bond Oversight Commission sidewalks, bridges, urban trails and related utility and drainage infrastructure for the roads and streets; improving traffic signal synchronization and control systems; acquiring and installing traffic signals; and acquiring land and interests in land and property necessary to do so; and the levy of a tax sufficient to pay for the bonds and notes. • Ballot language: https://www.austintexas.gov/election/byrecord.cfm?eid=205 Time Line: (as defined in Contract with the Voters) 8 years Bond proposition details: https://www.austintexas.gov/sites/default/files/files/Finance/CFO/2018- Bond/Prop_G_Transportation_Infrastructure.pdf • C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 1 4 2020 - Proposition B - Transportation Infrastructure $460.00 M $459.40 M $449.31 M $395.10 M Bond Oversight Commission $207.70 M $308.88 M FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 Actual Year End Balance FY22 CIP Plan Projected Year End Balance FY23 CIP Plan Projected Year End Balance $117.71 M $32.92 M $500.00 M $450.00 M $400.00 M $350.00 M $300.00 M $250.00 M $200.00 M $150.00 M $100.00 M $50.00 M $0.00 M C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 1 5 2 0 1 8 B o n d P r o g r a m s Street Reconstruction - $66.5M Signals & Technology Sidewalk Rehabilitation - $20M Over 70 miles of new or rehabbed streets. Bond Oversight Commission New Transit Priority Signal system implemented All sidewalk rehab funds have been expended Vision Zero/Safety - $15M Bridges & Structures - $50M Urban Trails - $3M Mokan Trail New Signal at Congress and Alpine Red Bud Bridge approaching 100% design and permitting Mokan Trail C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 1 6 T R A N S P O R T A T I O N A N D M O B I L I T Y UPCOMING HIGHLIGHTS RESOURCES 2018 Mobility Bond https://data.austintexas.gov/stories/s/2018-Bond/mcx3-6wfv/ • Red Bud Bridge nearing 100% design, will begin permitting Bond Oversight Commission ATX Walk Bike Roll www.austintexas.gov/department/atx-walk-bike-roll • Vision Zero received $7M in federal funding to install traffic signals and corridor lighting Red Bud Bridge https://www.austintexas.gov/page/redbud-trail-bridge-project 2024 Mobility Annual Plan https://data.austintexas.gov/stories/s/Mobility-Annual-Plan/2xkd- czyh/ • City-wide emergency vehicle preemption project nearing completion C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 1 7 2020 ACTIVE MOBILITY BOND PROPOSITION B Bond Oversight Commission The issuance of $460,000,000 in tax supported general obligation bonds and notes for planning, constructing, reconstructing, and improving sidewalks, urban trails, bikeways, bridges, roads, streets, intersections, and related utility and drainage infrastructure for the roads and streets; improving traffic signal synchronization and communications and control systems and acquiring and installing traffic signals and related technology to implement traffic safety and traffic fatality reduction strategies; and acquiring land and interests in land and property necessary to do so; and the levy of a tax sufficient to pay for the bonds and notes. Time Line (as defined in Contract with the Voters): 6 years https://www.austintexas.gov/election/byrecord.cfm?eid=208 • • Ballot language: • Contract with the Voters: https://www.austintexas.gov/edims/document.cfm?id=346328 C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 1 8 2020 - Proposition B - Transportation Infrastructure $460.00 M $459.40 M $449.31 M $395.10 M Bond Oversight Commission $207.70 M $308.88 M FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 Actual Year End Balance FY22 CIP Plan Projected Year End Balance FY23 CIP Plan Projected Year End Balance $117.71 M $32.92 M $500.00 M $450.00 M $400.00 M $350.00 M $300.00 M $250.00 M $200.00 M $150.00 M $100.00 M $50.00 M $0.00 M C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 1 9 2 0 2 0 B o n d P r o g r a m s Capital Improvements - $102M ADD SPV image Bond Oversight Commission Wishbone Bridge is under construction South Pleasant Valley Extension in final design Public engagement ongoing for Phase 1 of Congress Ave. Substandard Streets - $53M Ross Road Expansion project is in bidding phase; construction to begin early 2025 Johnny Morris in final design phase C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 2 0 2 0 2 0 B o n d P r o g r a m s Sidewalks - $80M Urban Trails - $80M Bikeways- $40M Add’l 57 miles of sidewalk completed Bond Oversight Commission Barton Springs Road Improvements Bergstrom Spur Trail is in design Vision Zero/Safety - $65M Transit Enhancement- $19M Safe Routes to School - $20M Mokan Trail 15 Speed Management projects completed New Transit Lanes on San Jacinto and Trinity Improvements at Mills Elementary C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 2 1 T R A N S P O R T A T I O N A N D M O B I L I T Y RESOURCES HIGHLIGHTS • Additional $35M in Federal funds awarded to Vision Zero program 2020 Bond Program website www.austintexas.gov/2020bond Congress Avenue Urban Design Initiative www.austintexas.gov/page/congress-avenue • $32M construction grant received for Bond Oversight Commission Longhorn Bridge Dam data.austintexas.gov/stories/s/Longhorn-Dam-Multimodal-Improvements/id6g-rfrm/ South Pleasant Valley Road Corridor Mobility Plan data.austintexas.gov/stories/s/South-Pleasant-Valley-Road-Corridor/vhxq-kae4/ Barton Springs Road bridge • Sidewalk network has improved from 48% to 80% in the last 8 years Johnny Morris Road data.austintexas.gov/stories/s/Johnny-Morris-Road-Substandard-Street/7mvc-7z2v Ross Road data.austintexas.gov/stories/s/Ross-Road-Substandard-Street/ydja-xwah • Ross Road construction will begin in early 2024 Mobility Annual Plan data.austintexas.gov/stories/s/Mobility-Annual-Plan/2xkd-czyh/ 2025 C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 Bond Oversight Commission Bond Oversight Commission Q U E S T I O N S P r e s e n t e r s : A n n a Ma r t i n , T P W E r i c B a i ley, CD S C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 Bond Oversight Commission Bond Oversight Commission B o n d O v e r s i g h t C o m m i s s i o n P r e s e n t a t i o n A p p e n d i x C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 2 4 APPENDIX A: Austin Finance Online austintexas.gov/financeonline/finance/ A central repository for financial documents and information, including performance management, checkbook, unclaimed property, procurement, and hotels/short term rental information. Bond Oversight Commission KEY DOCUMENTS • Capital Improvement Program (CIP) 5-Year Plans • Capital Projects Explorer • Comprehensive Annual Financial Report (CAFR) • Debt Transparency Documents • Bond Statements C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 2 5 APPENDIX B: Capital Projects Explorer A single entry point for the community of Austin to find information about capital infrastructure investments Bond Oversight Commission capitalprojects.austintexas.gov • Information for ALL capital projects (excluding Austin Energy), regardless of funding source • Description • • Status/Phase Location • • Districts • Contact Info • Approved Budget • Obligated Funds • Anticipated Type Construction Start and End Dates • Filters Available • 2016 and 2018 Bonds • District(s) • • Stage • Responsible Department Infrastructure Type C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 2 6 APPENDIX C: Public Improvement Bonds Overview data.austintexas.gov/Budget-and-Finance/Public-Improvement-Bonds-Overview/s39q-8hvy/data An overview of public improvement bond project financial data that is updated on the first of every month Bond Oversight Commission • Public Contact and Phone # Information for Public Improvement Bond Projects • Bond Year (since 1998) • Proposition • Prop Name • Bond Category • • Bond Prop Amount • Project ID • Project Name • Project Open/Close Fund • Project Manager and Status Phone # • Project Current Phase • Bond Appropriation • Bond Encumbrance • Bond Expenditures • Bond Obligated • Bond Balance • % Bond Appropriation • % Bond Amount C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 2 7 APPENDIX D: City of Austin Open Budget - Capital budget.austintexas.gov/#!/year/All%20Years/capital/0/fdu_sponsor_department Data that provides appropriation-to-date and expenses-to-date metrics for active capital projects, which can be funded through multiple fiscal year capital budgets. Interactive tool with appropriation and expense data for: Bond Oversight Commission Departments Projects Subprojects C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 2 8 APPENDIX E: Long Range CIP Strategic Plan https://www.austintexas.gov/sites/default/files/files/Planning/LRCSP_FINAL_FY19-21.pdf Plan that looks out into a 10-year or longer planning horizon and provides the basis for identifying both ongoing capital needs and strategic opportunities for capital investment. Bond Oversight Commission C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 2 9 APPENDIX F: Groups That May Provide Capital Project Oversight austintexas.gov/department/boards-and-commissions Bond Oversight Commission Austin Travis County EMS Advisory Board Austin Housing Finance Corporation Boards and Corporations Arts Commission Examples of Applicable Groups Committee of Council Health and Human Services Committee Audit and Finance Committee Mobility Committee Boards and Commissions Comprehensive Plan Joint Committee Construction Advisory Committee Downtown Commission Housing Authority of the City of Austin Library Commission Mexican American Cultural Center Advisory Board Music Commission Urban Transportation Commission C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 3 0 2006 2012 2016 2020 2010 2013 2018 Brochures, Ballot Language and Contract With The Voters (If Applicable) Bond Oversight Commission austintexas.gov/sites/default/files/files/Capital_Planning/Bond_Development/BEATF/2006BondBrochure.pdf Brochure Brochure Brochure 2006 2010 2012 2013 Ballot Language austintexas.gov/election/byrecord.cfm?eid=154 austintexas.gov/sites/default/files/files/Capital_Planning/mbondbrochure.pdf Ballot Language austintexas.gov/election/byrecord.cfm?eid=192 austintexas.gov/sites/default/files/files/Communications/Web_Content/2012Bond%20Brochure%202012%20Web.pdf Ballot Language austintexas.gov/election/byrecord.cfm?eid=196 Ballot Language austintexas.gov/election/byrecord.cfm?eid=197 Voter-Information Flier austintexas.gov/sites/default/files/files/Capital_Planning/Bond_Development/2013_Bond/FINAL_Affordable_Housing_Bond_Voter_Information_Flier.pdf Continued on next page. C I T Y O F A U S T I N | N o v e m b e r 2 0 , 2 0 2 4 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 . 3 1 2006 2012 2016 2020 2010 2013 2018 Bond Oversight Commission Brochures, Ballot Language and Contract With The Voters (If Applicable), Continued Continued from previous page. austintexas.gov/sites/default/files/files/Capital_Planning/2016_Bond/2016_Bond_Voter_Information_Brochure__English.pdf Brochure 2016 Ballot Language austintexas.gov/election/byrecord.cfm?eid=201 Contract with the Voters RESOLUTION NO. 20160818-074 : austintexas.gov/edims/document.cfm?id=262118 Brochure austintexas.gov/sites/default/files/files/Finance/CFO/2018-Bond/COA_2018Bond_Booklet.pdf 2018 Ballot Language austintexas.gov/election/byrecord.cfm?eid=205 Contract with the Voters RESOLUTION NO. 20180809-061: austintexas.gov/edims/document.cfm?id=304077 Brochure austintexas.gov/sites/default/files/files/Finance/2020MobilityPropsBrochure100220_web.pdf 2020 Ballot Language austintexas.gov/edims/document.cfm?id=346093 Contract with the Voters RESOLUTION NO. 20200812-011 : https://www.austintexas.gov/edims/document.cfm?id=346328