Link

Social

Embed

Download

Download
Download Transcript

[CALL TO ORDER]

[00:00:04]

16TH BOND OVERSIGHT COMMISSION MEETING.

UM, WE'LL START WITH A CALL TO ORDER.

WE'LL KEEP, UH, JUST GO AHEAD.

I'LL JUST DO A ROLL CALL.

IF YOU COULD TURN ON YOUR VIDEO, PLEASE.

UM, JUST SO WE CAN CONFIRM THAT YOU'RE ON, WE APPRECIATE IT.

ALL RIGHT.

WE'LL START WITH, UH, COMMISSIONER CURRY HERE.

ALL RIGHT.

COMMISSIONER LUCCA.

UH, COULD YOU GO OFF OF YOU AND SAY HERE, MR. LUCA, PLEASE.

THANKS.

I'M HERE.

OKAY.

GREAT MISSIONARY MCNABB HERE.

LIKE WE'VE GOT A, A NEW FACE IN THE CROWD HERE.

COMMISSIONER.

JOHANNEN DRAWN.

GO AHEAD AND PRESENT.

YEAH.

OKAY, GREAT.

YEAH, WE'LL, WE'LL DO SOME QUICK INTRODUCTIONS HERE A LITTLE LATER.

UM, DON'T NEED TO BE QUICK EITHER, BUT UH, LET'S SEE.

WHO ELSE IS IT LOOKS LIKE WE HAVE A COUPLE IN THE WAITING ROOM THAT NEED TO BE MOVED OVER.

OKAY.

THAT'S UH, VICE CHAIR DOES GROUP, UH, IN COMMISSIONER REN.

OKAY.

YES.

HEY, NICOLE.

HASTE TO MEET, UM, IF YOU GUYS COULD, UH, GO ON CAMERA, WE'RE DOING A ROLL CALL COMMISSIONER DUSKY, DOUG, JUST GO OFF, OFF MUTE AND SAY HERE IS, SEE HOW TO DO THAT.

SO, SORRY.

OKAY.

I'M HERE.

OKAY.

COMMISSIONER VAN.

I SEE YOU.

GREAT, WELCOME.

UH, YOU JUST SAY HERE? YEAH.

OKAY, GREAT.

WE HAVE QUORUM.

UM, THANK YOU ALL FOR BEING HERE.

WE'LL UH, WE'LL START WITH, UH, CITIZEN COMMUNICATION, UH, NEXT ON THE AGENDA.

I DON'T SEE ANYBODY SIGNED UP.

IS THAT CORRECT? WELL, THAT IS CORRECT.

NO CITIZENS COMMUNICATION.

OKAY.

[1. APPROVAL OF MINUTES]

WE'LL JUMP RIGHT INTO ITEM ONE IN APPROVAL OF MINUTES, UH, FROM THE APRIL 21ST MEETING WILL BE SOME EXTENSIONS FOR FOLKS THAT WEREN'T IN THAT MEETING, BUT, UH, FOR THOSE OF YOU THAT WERE HERE, UH, LET'S TAKE A LOOK AT THOSE.

I DID HAVE ONE CALL-OUT WILL ON THE HEADER OF PAGE TWO, IT SAYS JANUARY 20TH.

WOULD YOU SEE TO UPDATE THAT TO APRIL 1ST? WE CAN, WE CAN AMEND THAT.

WOULD THESE, WOULD THIS CHANGE I MOVED TO APPROVE? IS THERE A SECOND TO APPROVE COMMISSIONER MIGNON ALL IN FAVOR, SAY AYE.

AYE.

ANY OPPOSED? OKAY.

UH, MINUTES FROM LAST MEETING WITH THE, UH, AMENDED DATE PASSED ON TO

[2a. Introduction of newly appointed members to the Bond Oversight Commission]

ITEM NUMBER TWO, DISCUSSION, UH, INTRODUCTION OF NEWLY APPOINTED MEMBERS TO THE BOND OVERSIGHT COMMISSION.

SO A COUPLE OF NEW FACES COMMISSIONER, UM, DRAWN.

YOU COULD JUST DO A QUICK INTRODUCTION AND, UH, ONCE THE DISTRICT COUNCIL PERSON APPOINTED YOU, THAT'D BE GREAT.

SURE.

UH, IT'S A REALLY NICE TO JOIN EVERYONE TODAY.

UH, REALLY EXCITED TO BE JOINING THE MEETING.

UM, I'M REPRESENTING DISTRICT TWO.

I WAS APPOINTED BY COUNCILWOMAN US, UH, TO REPRESENT DISTRICT TWO ON BOND OVERSIGHT COMMISSION.

UM, AND YEAH, REALLY LOOKING FORWARD TO GETTING TO WORK AND, UH, SEEING HOW I CAN HELP OUT, UH, ANYTHING ELSE THAT I SHOULD ADD, UH, OR IS THAT GOOD? YEAH, JUST, UH, THE AREA OF YOUR BACKGROUND WOULD BE GREAT AS WELL.

SURE.

YEAH.

UH, I'VE LIVED IN AUSTIN FOR ABOUT 13 YEARS NOW.

UM, I GRADUATED FROM UT, UM, AND HAVE BEEN HERE SINCE THEN.

I ABSOLUTELY LOVE THE CITY.

UH, I HAVE REALLY KIND OF JUST FOUND IT TO BE MY LONG-TERM HOME.

I CURRENTLY WORK IN TALENT ACQUISITION FOR A COMPANY CALLED VITAL FARMS, UM, WHICH IS A CONSUMER PACKAGED GOODS, SUSTAINABLE AGRICULTURE.

[00:05:01]

UH, WE MAKE EGGS.

YOU MIGHT'VE SEEN US IN THE GROCERY STORE.

ALL RIGHT.

GREAT.

ALL RIGHT.

THANK YOU, COMMISSIONER REN.

HI, UM, MY NAME IS NICOLE.

NICE TO MEET YOU ALL.

SO EXCITED TO BE HERE.

I WAS APPOINTED BY COUNCILWOMAN MCKINSEY AND, UM, I WAS A FORMER MATH TEACHER.

I TAUGHT DALLAS.

I TAUGHT IN DALLAS, COMPUTER SCIENCE AND MATH AFTER GRADUATING FROM A AND M AND HAVE MOVED DOWN TO AUSTIN FOR GRADUATE SCHOOL.

I'M WORKING ON EDUCATION POLICY WORK AS MY MASTER'S PROGRAM AND HAVE BEEN IN AUSTIN FOR ABOUT NINE MONTHS NOW, BUT I HAVE FAMILY WHO'VE LIVED IN THE CITY ALL MY LIFE, SO I'M VERY INTIMATELY FAMILIAR WITH THE CITY AND HAVE SPENT MANY SUMMERS AND THIS TIME HERE.

GREAT, GREAT, FANTASTIC.

UM, WE CAN JUST GO AROUND THE HORN REAL QUICK.

I'LL START.

UM, SAN DIEGO RODRIGUEZ.

I'VE BEEN ON THE COMMISSION.

THIS IS MY SECOND TERM.

UM, I'M SLATED TO STAY ON UNTIL 20, 23 FEBRUARY.

UM, UH, SO I'VE SEEN A LOT, I'VE BEEN A PART OF A BOND ELECTION, UH, ADVISORY TASK FORCE AS WELL.

UM, AND I'VE GOT A BACKGROUND IN FINANCIAL SERVICES.

UH, ALSO WENT TO ANU AND, UM, UH, I'VE BEEN IN AUSTIN, UH, SINCE 2000, UH, IN TWO.

GOT, UH, WE'LL JUST JUMP OVER TO, UH, SUMEET UH, HI, I'M SOMEBODY DASGUPTA, I'M THE VICE CHAIR AND I WILL ALSO BE REGARDING IN 20, 23, SAME TIME WITH THE MAYOR JUST AFTER THE AMERICANS.

AND, UM, SO WE'VE BEEN HERE SINCE JANUARY, 1995.

MY BACKGROUND IS IN COMPUTER SCIENCE, BUT, UH, UH, SPENT MOST OF MY CAREER MANAGING LARGE TEAMS, BUDGETS PROJECTS, UH, IN THE COMPUTER FIELD.

UH, I WAS AT IBM THEN MOTOROLA AND THEN IN THE CONSORTIUM WHERE WE DEVELOPED, UH, YOU KNOW, UM, SOFTWARE SYSTEMS FOR HIGH-END DESIGNS IN THE COMPUTER INDUSTRY.

AND I'VE BEEN RETIRED SINCE 2013, SO I'VE BEEN A LITTLE EXTRA TIME TO SPEND ON COMMISSIONS AND OTHER COMMUNITY PROJECTS.

GREAT.

THANK YOU, COMMISSIONER COMMISSIONER CURRY.

YES, THIS IS ONLY MY SECOND MEETING ON THE BOND OVERSIGHT COMMITTEE.

UM, MY BACKGROUND IS IN ACTUALLY IN CITY GOVERNMENT.

I'VE BEEN CITY MANAGER SERVICE, BUT TO DIRECTOR HERE IN AUSTIN FOR W AND YEARS OR SO.

UM, AND THEN A CONSULTANT AND PERFORMANCE MANAGEMENT.

GREAT, THANK YOU, COMMISSIONER LUCA.

GOOD AFTERNOON.

MY NAME IS LUCA AND I'VE BEEN IN AUSTIN THIS TIME AROUND, UM, OVER 15 YEARS.

UM, I DID GO TO COLLEGE AT UT, SO I SAW KIND OF THE BEFORE AND THE, AFTER THE BOOM IN AUSTIN.

UM, I'VE SERVED RECENTLY AS DISTRICT SEVEN REPRESENTATIVE TO THE PARKS BOARD AND, UH, JUST MOVED OVER TO THIS COMMISSION.

AND THIS IS MY SECOND MEANINGS.

UM, MY BACKGROUND IS IN MARKETING AND RESEARCH, UM, WHILE THE DEMOGRAPHIC WORK AS WELL.

AND I'VE WORKED FOR A PUBLIC RELATIONS AGENCY, ADVERTISING AGENCIES, THREE TELEVISION NETWORKS, 18 T, AND, UH, BROAD IS EVEN THE CITY OF AUSTIN AND, UH, IN A PRIOR LIFE.

AND I LOOK FORWARD TO WORKING WITH YOU ALL.

I'M HERE, THIS YEAR'S GREAT.

AND LAST BUT NOT LEAST COMMISSIONER MCNABB.

UH, THANKS.

IT'S GOOD TO SEE ALL THE NEW FACES TO, UH, APPRECIATE YOU JOINING US.

UH, MY BACKGROUND WAS, UH, I'M AN AGGIE AND WENT INTO THE AIR FORCE SHORTLY THEREAFTER AND HAD A FULL CAREER RETIRED IN 1999, GOT INTO THE NONPROFIT WORLD.

UH, WHEN WE SETTLED HERE IN AUSTIN, UH, AND ENDED UP BEING THE EXECUTIVE DIRECTOR OF A SMALL NONPROFIT FOR 11 YEARS, UH, MY ONLY INTENDED TO DO IT FOR TWO.

UM, AND I TOLD HIM I'D EITHER CLOSE IT OR GET IT MERGED.

WELL, 11 YEARS LATER I GOT A MERGED, TOOK A LITTLE WHILE ANY RATE.

UM, AND I ENJOYED THAT AS ALSO BEING THE PRESIDENT OF ONE VOICE CENTRAL TEXAS.

THAT GROUP OF NONPROFITS DID THAT FOR A COUPLE OF YEARS.

ANY RATE DURING, SINCE THEN, I GOT APPOINTED TO THIS AS ANOTHER ONE OF MY VOLUNTEER ACTIVITIES THAT I FELT I LOOK FORWARD TO.

ALL RIGHT, THANK YOU ALL.

UM,

[3a. Staff briefing from the Public Works Department about COVID-19 impacts to capital projects]

LET'S JUMP INTO ITEM NUMBER THREE,

[00:10:01]

STAFF BRIEFINGS, UH, ITEM A, WE HAVE A STAFF BRIEFING FROM THE PUBLIC WORKS DEPARTMENT ABOUT COVID-19 IMPACTS TO CAPITAL PROJECTS.

SO I'LL TURN IT OVER TO STAFF FOR A FEW ITEMS HERE, EVERYBODY.

UH, MY NAME IS DEREK BAILEY.

I'M THE ASSISTANT DIRECTOR OF PUBLIC WORKS OVER CAPITAL PROJECT DELIVERY.

AND, UH, I'M HERE TO GIVE YOU A RELATIVELY BRIEF UPDATE ON, UH, THE IMPACTS OF COVID SO FAR, UM, AS A PATIENT NOW.

UM, SO, YOU KNOW, THANK YOU FOR, UH, FOR HAVING ME REALLY APPRECIATE THE OPPORTUNITY HERE TO COME IN AND PRESENT TO YOU ALL TODAY DISCUSSED OUR, OUR COVID IMPACT ON OUR CIP PROJECT SO FAR.

SO, UH, NEXT SLIDE, YOU CAN SEE FROM THIS SLIDE, THEN THE NUMBER OF ACTIVE CONSTRUCTION PROJECTS ON CIP PROJECTS HAS NOT SLOWED DOWN IN ANY WAY, SHAPE OR FORM DUE TO THE, UH, THE PANDEMIC, UM, JUST IN THE LAST, UM, SIX MONTHS OR SO WE'VE GONE FROM, UH, ABOUT 90 PROJECTS TO 102.

WE'RE LOOKING, UM, FOR THIS NUMBER TO CONTINUE TO INCREASE HERE AS WE MOVE INTO THE SUMMER AND THE FALL, PARTICULARLY WITH THE M 2016 BOND PROJECTS STARTING TO GO TO CONSTRUCTION, EXCELLENT GEAR FROM A TOTAL ACTIVE PROJECTS, 102 TOTAL ACTIVE PROJECTS, TOTAL PROJECT COST OF 1.8, $8 BILLION.

UM, THESE ARE THE LARGEST, UH, DEPARTMENTS THAT COME TO ACTIVE CIP PROJECTS AND SEE AVIATION HAS A LOWER NUMBER, BUT WITH A VERY HIGH VALUATION WITH ALL THE IMPROVEMENTS GOING ON AT THE AIRPORT, AUSTIN WATER IS ALWAYS RIGHT IN THERE AROUND THE 500 TO $700 MILLION RANGE.

AND THEN OUR OTHER MAJOR DEPARTMENTS HERE, RIGHT THROUGH THE DIFFERENT LEVELS THAT AUSTIN TRANSPORTATION NUMBER WILL AND BOARDS ALSO LIKE WE INCREASED DUE TO THE BOND PROJECTS COMING TO CONSTRUCTION IN THE NEXT SEVERAL MONTHS.

NEXT SLIDE.

SO OVERALL, UM, SINCE THE, SINCE LAST MARCH, MARCH OF 2020, UM, WE'VE HAD A TOTAL NUMBER OF 31 COVID POSITIVE CASES ACROSS ALL THE CIP PROJECTS.

UM, THESE HAVE, WE'VE HAD 17 TOTAL EFFECTIVE PROJECTS, OBVIOUSLY THEY'VE CHANGED SINCE MAY.

UM, AND WHAT THAT, WHAT THAT REALLY MEANS, UM, IS THAT WE'VE DONE A PRETTY GOOD JOB OF PREPARING OUR CONTRACTORS, IMPLEMENTING THE COUNTIES, UM, PUBLIC HEALTH REQUIREMENTS, UM, UNTIL RECENTLY, WHICH INCLUDED FACE COVERINGS.

UM, WE'LL GET TO THAT A LITTLE BIT LATER.

AND OVERALL, UM, YOU KNOW, OUR CONTRACTORS HAVE BEEN MONITORING FOR SYMPTOMS, THINGS LIKE THAT.

THE BULK OF THESE CASES OCCURRED IN THE JUNE, JULY, AUGUST TIMEFRAME OF LAST YEAR, UM, WHERE WE DID HAVE ONE PROJECT THAT HAD TO BE SHUT DOWN FOR A PERIOD OF TWO WEEKS DUE TO, UM, AN OUTBREAK OF APPROXIMATELY 50% OF THE CONSTRUCTION CREW THAT WAS OUT THERE.

FORTUNATELY IT WAS A SMALLER CREWS ON HANDLING THE PROJECT.

UM, WE WERE ABLE TO SHUT THAT JOB DOWN FOR TWO WEEKS, DISINFECT EVERYTHING, LET THE INFECTED FOLKS, UH, GET BETTER AND COME BACK TO WORK IN A COUPLE OF WEEKS.

AND THAT PROJECT IS, UH, HAS REACHED SUBSTANTIAL COMPLETION SINCE THEN.

UM, AND NOW OUR STANCE OR POSTURE ON COVID HAS CHANGED A LITTLE BIT DUE TO THE RECENT GOVERNORS ORDERS THAT CAME OUT THE GENERAL J 36, WHERE IT STATES THAT NO GOVERNMENTAL ENTITY MAY REQUIRE ANY PERSON TO WEAR FACE COVERING.

SO THAT MEANS THAT THE CITY CAN'T REQUIRE PEOPLE TO WEAR FACE COVERINGS IN CITY FACILITIES, UM, AND THROUGH DISCUSSIONS WITH OUR LEGAL DEPARTMENT THAT ALSO EXTENDS TO CITY OWNED PROPERTY.

SO THAT INCLUDES THE CIP PROJECT JOB SITES.

SO WE'RE IN THE PROCESS NOW OF WORKING WITH OUR CONTRACTORS TO REVISE THE SIGNAGE THAT WE HAVE PREVIOUSLY PROVIDED TO THEM REQUIRING FACE COVERINGS TO, UM, MAKE THEM BE RECOMMENDED RATHER THAN, UH, REQUIRED.

SO, UM, LIKE I SAID, OVERALL, WE HAVE NOT SEEN ANY, UM, MONETARY CLAIMS DUE TO COVID.

UM, THE CONTRACTS WERE ALL WRITTEN AND EXECUTED IN TIME PRIOR TO COVID.

UM, THERE NO CHANGE TO OUR CONTRACT DOCUMENTS THAT'S HAPPENED AND ALL OF OUR CIP CONTRACTORS RECOGNIZE THE RISKS AND HAVE BEEN WORKING WITHIN THE CITY GUIDELINES TO KEEP THEIR ASSESS STAFF SAFE, UH, MONITORING, UM, YOU KNOW, FOR ENTRY AND, AND TAKING TEMPERATURES AND THINGS LIKE THAT.

AND, YOU KNOW, KEEPING A WORK GROUP SEPARATE IN THAT.

SO, UM, LIKE I SAID, OVERALL, UM, WE'RE DOING PRETTY WELL, YOU KNOW, ALL THINGS CONSIDERED AND, YOU KNOW, LOOKING FORWARD TO WORKING OUR WAY THROUGH THE PANDEMIC AS, YOU KNOW, VACCINATION RATES AND INCREASE IN RISK IS REDUCED TO THE POPULATION IN.

SO, UM, WITH THAT, I WILL OPEN IT UP TO ANY QUESTIONS.

[00:15:01]

YEAH.

A COUPLE OF QUESTIONS.

UH, ONE IS, UH, IN THAT CHART WHERE YOU SHOW THE NUMBER OF PROJECTS GOING SORT OF UP AND DOWN, I THINK IT WAS AT 106, CAME DOWN TO THE NINETIES, THEN BACK UP 202, IS THAT YOU DO PROJECTS GETTING COMPLETED OR GETTING PUSHED ASIDE BECAUSE OF THE COVID NO, WE HAVEN'T SLOWED DOWN.

WE HAVEN'T SLOWED DOWN IN OUR PROJECT DELIVERY.

WE HAVEN'T DELAYED ANY PROJECTS DUE TO COVID.

THAT'S JUST SORT OF A NATURAL CYCLE OF, YOU KNOW, PROJECTS CLOSING OUT AND NEW PROJECTS STARTING, YOU KNOW, IT'S, IT'S RELATIVELY CYCLICAL WITH THE GENERAL, YOU KNOW, UPWARD TREND AS WE GO.

YEP.

NO THAT'S ANSWER.

I WAS HOPING TO HEAR.

THANK YOU.

AND THE SECOND QUESTION IS IF THERE'S A LARGE AMOUNT OF MONEY OKAY.

FOR THE AIRPORT.

NOW THOSE SIX ADDITIONAL GATES HAVE ALREADY BEEN OPEN THEY'RE UP AND RUNNING.

SO NOW THE NEXT DAY IS I WAS INVOLVED IN THE REVIEW OF THE NEXT PHASE OF THE AIRPORT, YOU KNOW, THAT THIS PUBLIC HEARING, I ATTENDED THAT AND THEY'RE GOING TO BE COMING UP WITH THE NEW TERMINAL, WHICH WILL ESSENTIALLY DOUBLE THE NUMBER OF GATES.

SO IS THIS MONEY A DOWN PAYMENT ON THAT PHASE OF CONSTRUCTION OR NOT? NO, THE MONEY INDICATED THERE IS ONLY FOR ACTIVE CIT CONSTRUCTION PROJECTS.

SO THAT'S EVERYTHING THAT'S CURRENTLY UNDER CONSTRUCTION AT THE AIRPORT.

SO IT'S NOT ONLY THE GATE EXPANSION, THERE'S A BAGGAGE HANDLING FACILITY AND THERE'S SEVERAL OTHER PROJECTS THAT ARE GOING ON OUT THERE.

I DON'T THINK THE PARKING GARAGES HAVE COMPLETELY WRAPPED UP AND CLOSED.

SO I THINK THERE'S SOME, SOME MONEY IN THERE, BUT THOSE ARE ONLY FOR CURRENT ACTIVE CONSTRUCTION PROJECTS.

UM, I KNOW SPECIFICALLY THE AIRPORT, WHEN THAT PANDEMIC FIRST HIT AND THE, UM, AIRLINE TRAFFIC WAS GREATLY REDUCED.

THEY HAD A LOT OF CONTINGENCY PLANS DEPENDING ON WHAT THE RECOVERY LOOKED LIKE.

AND I KNOW THEY'RE STILL IN THE PROCESS OF DEVELOPING WHAT EXACTLY THEY'RE GOING TO BE MOVING FORWARD WITH AND TIMEFRAMES ON THAT KIND OF THING, INCLUDING THE SECOND TERMINAL.

UM, BUT AGAIN, IN SHOWN IN THAT GRAPH IS ONLY ACTIVE CONSTRUCTION PROJECTS RIGHT NOW.

OKAY.

THANK YOU.

SO YOU WANT TO PAY ANY ADDITIONAL QUESTIONS FOR MR. BAILEY? NO, I APPRECIATE THE UPDATE AND, UH, ACTUALLY I HAVE A QUESTION.

OH, SORRY.

GO AHEAD, COMMISSIONER LUCA.

SURE.

THANK YOU.

UM, MR. BAILEY, HAVE YOU SEEN ANY, UH, SUPPLY CHAIN ISSUES BECAUSE OF, UH COVID YES, WE HAVE.

UM, OBVIOUSLY LUMBER HAS BEEN A BIG ISSUE RECENTLY FOR, UH, FOR MORE THINGS LIKE THAT.

WE'VE ALSO SEEN SOME ISSUES WITH SOME, UM, POLYMER SUPPLY CHAIN FOR THINGS LIKE PVC PIPE AND THOSE KINDS OF MATERIALS.

UM, WE ARE WORKING WITH OUR CONTRACTORS AS MUCH AS WE CAN ON SOME OF THOSE, UM, FLUCTUATIONS, OBVIOUSLY WHEN THEY SUBMIT A BID, UM, FOR A PROJECT THIS WAS BEFORE THE SUPPLY CHAIN ISSUES TO PLAY.

SO WE'RE DEFINITELY SEEING THAT WE NOT SEEN A LARGE FRIES IN CLAIMS FOR THAT.

THERE HAVE BEEN A COUPLE HERE AND THERE.

UM, BUT NOTHING THAT'S BEEN A REALLY BIG IMPACT AT THIS POINT, BUT WE'VE DEFINITELY SEEN, UM, THOSE ISSUES, UNFORTUNATELY, IN LOOKING AT SOME OF THE PROJECTIONS, IT SEEMS LIKE THOSE THINGS ARE WORKING THEMSELVES OUT, PARTICULARLY ON THE LUMBER SIDE.

I THINK THE LUMBER PRICES ARE STARTING TO COME BACK DOWN, UM, NOT TO, YOU KNOW, EARLIER LEVELS, BUT DEFINITELY THEY'RE ON THEIR WAY BACK DOWN AS OPPOSED TO CONTINUING TO RISE.

SO, UM, WE'VE, WE'VE DEFINITELY SEEN THOSE EFFECTS, BUT IT HASN'T NECESSARILY AFFECTED THE BOTTOM LINE OF THE CONTRACT VALUES AT THIS POINT.

SO DOCTOR IS, IS ONE QUESTION FROM ME, UM, THIS IS RELATED, SO THE HOUSING MARKET IS HOT YOU'RE IN AUSTIN.

SO HOW IS THAT, UH, YOU KNOW, AFFECTING NOT SO MUCH THE SUPPLY CHAIN, BUT THE PRICE OF MATERIALS.

I MEAN, I THINK THE PRICES OF MATERIALS ARE GOING UP, YOU KNOW, STAY SIMILAR TO THE SUPPLY CHAIN, IS IT, AND IT DEPENDS ON THE PROJECT.

YOU KNOW, THERE'S NOT, UM, NECESSARILY A WHOLE LOT OF OVERLAP BETWEEN HOUSING CONSTRUCTION AND, UM, YOU KNOW, PAVING A STREET BECAUSE YOU'RE USING, YOU KNOW, IT'S NOT THE SAME MATERIAL, BUT WHEN WE ARE COMPETING WITH THE HOUSING TYPE MATERIALS FOR, UM, THOSE RAW MATERIALS, THE PRICES HAVEN'T BEEN AFFECTED AND THERE, THERE IS SOMETHING LIKE THERE.

YES.

THANK YOU.

GOOD QUESTION.

AND I KNOW THERE WAS A VOTE FOR THE TRAIN OR RAILWAY LAST FALL, HAD THAT BECOME AN ACTIVE PROJECT YET, OR IS THAT STILL IN THE WORKS? NO PROJECT CONNECT IS PART OF PROP A FROM LAST FALL, UM, WHICH IS, YOU KNOW, THE, THE CITY'S PARTNERSHIP WITH CAP METRO ON LIGHT RAIL AND THINGS LIKE THAT.

THEY ARE IN THEIR VERY PRELIMINARY PLANNING PHASES, THEY'RE STAFFING UP THEIR OFFICES AND THINGS LIKE THAT TO GET REALLY THE ENVIRONMENTAL CLEARANCES UNDERWAY.

UM, I SAW A PRESENTATION FROM THEM.

I THINK IT WAS EARLIER THIS WEEK AT THE CONSTRUCTION ADVISORY COMMITTEE, AND THEY'RE NOT LOOKING TO START CONSTRUCTION, I THINK FOR AT LEAST ANOTHER FOUR YEARS OR SO.

UM, AT WHICH POINT THOSE PROJECTS WILL THEN GO

[00:20:01]

INTO ACTIVE CONSTRUCTION.

UM, AGAIN, THE, IN THAT PROPOSITION THERE THROUGH THE PROFIT PIECE OF IT, AS WELL AS PROPERTY, WHICH IS PROPERTY IS THE CITY MONEY THAT'S GOING TO BE SPENT ON THOSE TRANSPORTATION IMPROVEMENTS.

AND WE'RE LOOKING FOR THOSE TO GO FORWARD AND BEGIN CONSTRUCTION HERE IN THE SPRING OF 2022.

SO WE'RE STILL A LITTLE WAYS OFF FROM THAT AS WELL.

SO THANK YOU.

I JUST KNOW YOU HAD MENTIONED TRANSPORTATION STUFF GOING UP, SO I WASN'T SURE IF THAT'S WHAT YOU'RE REFERRING TO.

THANKS FOR THE CLARIFICATION.

NO PROBLEM.

OKAY.

THANK YOU.

IF THERE ARE ADDITIONAL QUESTIONS, WE CAN GET THEM OVER TO STAFF AND TO YOUR WAY.

APPRECIATE IT.

SOUNDS GOOD.

APPRECIATE IT.

THANKS FOR YOUR TIME.

BYE.

NICE TO MEET YOU ABOUT A QUESTION.

NO, NO, I JUST SAID, I REALLY YOU'RE JUST SAYING BY, OKAY, WE'LL

[3b. Staff briefing from the Treasury Office to provide an update regarding general obligation bond sales]

JUMP.

WE'LL JUMP DOWN TO ITEM B STAFF BRIEFING FROM THE TREASURY OFFICE TO PROVIDE AN UPDATE REGARDING GENERAL OBLIGATION BOND SALES IN THERE.

I BELIEVE THERE'S A BOND RATING SLIDE AS WELL.

MR. RIVERA, HEY, HOW'S EVERYONE DOING? UM, CAN WORKING PULL UP A PRESENTATION? HI EVERYONE.

I'M BRIAN OR BEAR I'M DEPUTY TREASURER TASKED WITH, UM, DEBT MANAGEMENT HERE AT, IN THE TREASURY OFFICE.

UH, WE'LL BE PROVIDING AN UPDATE ON SEPTEMBER ON THE UPCOMING SEPTEMBER GENERAL OBLIGATION BOND SALE.

NEXT SLIDE PLEASE.

SO WHAT WE HAVE HERE IS THIS KIND OF A BREAKOUT OF HOW, OF WHAT THE PROPERTY TAX RATE IS COMPRISED OF.

THERE IS IT'S BROKEN OUT INTO TWO PORTIONS.

ONE PORTION FUNDS, THE GENERAL FUND, WHICH IS OTHERWISE KNOWN AS A OPERATING AND MAINTENANCE SIDE OF THE TAX RATE OR THE ONM TAX RATE.

UM, THE OTHER, THE OTHER SIDE OF THE TAX RATE IS REFERRED TO AS A DEBT SERVICE TAX RATE, AND THAT GOES TO FUND DEBT SERVICE COMING DUE IN THE FALL, FOLLOWING THE FISCAL YEAR.

SO THE, UM, WE'LL JUST TAX RATE THAT WE'LL BE WORKING THROUGH THIS BUDGET CYCLE WILL GO TO FUND THE FYS LOANS TO, UM, THAT SERVICE OBLIGATIONS FOR THE GENERAL OBLIGATION.

RIGHT? NEXT SLIDE, PLEASE DEALT WITH HIM IN GENERAL, PATIENT CREDIT.

WE HERE IN TREASURY AND AT THE CITY OF AUSTIN, UM, WE ISSUED THREE TYPES OF DIFFERENT BONDS UNDER THE GENERAL OBLIGATION CREDIT.

THE FIRST ONE IS THE PUBLIC IMPROVEMENT BONDS, WHICH ARE THE VOTER APPROVED OBLIGATIONS THAT GO TO FUND CAPITAL IMPROVEMENT PROJECTS AND CAPITAL ASSETS.

UM, YOU CAN KIND OF THINK OF IT.

THIS IS REAL PROPERTY LIKE NON MOVABLE ASSETS.

I'M SORRY THAT THAT'S THE DISREGARD THAT WE WITH THE PUBLIC IMPROVEMENT BONDS, WE FUND THE CAPITAL IMPROVEMENT PROJECTS AND CAPITAL ASSETS.

UM, THE TYPICAL TERM FOR THESE OBLIGATIONS FOR THE PUBLIC IMPROVEMENT BONDS IS 20 YEARS.

THE NEXT SORT OF OBLIGATION THAT WE ISSUES IS ARE CERTIFICATES OF OBLIGATIONS.

THESE ARE NON-VOTER APPROVED OBLIGATIONS, ADD THE SAME SORT OF MATURITY TERM, WHICH IS 20 YEARS.

AND THESE GO TO FUND REAL PROPERTY.

SO THINK OF LAND BUILDINGS, UM, NON MOVABLE ASSETS, ESSENTIALLY THAT ARE PURCHASED BY THE CITY OR CONSTRUCTED BY THE CITY.

LASTLY, THE LAST TYPE OF ON SET OF BONDS THAT WE ISSUE ON THE GENERAL OBLIGATION CREDIT IS A CONTRACTUAL OBLIGATIONS AND THESE GO TO FUND PERSONAL PROPERTY.

SO THINGS ABOUT, UM, FLEET PURCHASES AND MOVABLE EQUIPMENT THAT GO TO THE VARIOUS DEPARTMENTS.

AND THESE ARE OUR SHORTER TERM OBLIGATIONS.

UM, WE TYPICALLY ISSUE THESE WITH A SEVEN YEAR TERM AND, UM, FOR THE MOST PART, THE USEFUL LIFE OF THE ASSET EXTENDS PAST THE MATURITY TERM, UH, THESE OBLIGATIONS, BUT IN NO CASE, DO WE ISSUE DEBT FOR, UM, ASSETS THAT HAVE A LESSER OR SMALLER, USEFUL LIFE ESSENTIALLY, THEN THE DEBT THAT'S GOING TO BE OUTSTANDING.

NEXT SLIDE, PLEASE.

THIS YEAR, KIND OF THIS SLIDE HERE KIND OF GIVES YOU AN OVERVIEW OF THE OVERALL PROCESS.

WE GO THROUGH WITH BUDGET TO GET TO THIS POINT IN TIME.

SO WORK ON THIS COMING.

THIS UPCOMING BOND SALE ESSENTIALLY STARTED LAST YEAR WITH THE NEW PLAN AND THE ANNUAL CAPITAL BUDGET APPROPRIATIONS THAT WERE BROUGHT FORWARD BEFORE COUNCIL.

UM, HERE AT THE CITY, WE UTILIZE REIMBURSEMENT RESOLUTIONS TO APPROPRIATE FUNDS, TO PROJECTS WITHOUT HAVING TO ISSUE THE DEBT UPFRONT.

FOR THE MOST PART, BY DOING THIS, THE CITY HERE AT THE CITY, WE LIMIT OUR ARBITRAGE EXPOSURE FACED BY THE CITY.

[00:25:01]

WE ALSO DON'T HAVE TO PAY INTEREST, UM, ON UTILIZED BOND PROCEEDS.

SO WE DON'T WANT TO ISSUE, UM, LET'S SAY $10 MILLION UP FRONT.

AND THEN IF A PROJECT COMES IN AT $9 MILLION, THERE'S ESSENTIALLY A MILLION DOLLARS UPON PROCEEDS THAT ARE OUTSTANDING, THAT THE CITY IS KIND OF STUFF WOULD BE STUCK PAYING INTEREST ON.

SO THIS KIND OF MITIGATES THAT, AND ALSO ALSO IT'S JUST FISCALLY PRUDENT CASH MANAGEMENT ON OUR PART TO GO THE REIMBURSEMENT RESOLUTION.

UM, RIGHT NEXT SLIDE PLEASE.

SO IN THIS YEAR'S UPCOMING SALE, UM, WE'RE, WE'RE LOOKING AT POSSIBLY SELLING CLOSE TO $270 MILLION ACROSS THOSE THREE DIFFERENT TYPE OF, UM, ISSUANCE CLASSES THAT WE DISCUSSED EARLIER.

SO WITH THE PUBLIC IMPROVEMENT BONDS THAT THAT OBLIGATION ITSELF, WE'RE LOOKING AT ROUGHLY $160 MILLION, UM, OUT OF THAT $20 MILLION IS GOING TO BE ASSOCIATED WITH THE 2016 BOND PROGRAM AND $140 MILLION IS GOING TO BE ASSOCIATED WITH THE 2018 BOND PROGRAM.

NEXT, WE HAVE THE CERTIFICATES OF OBLIGATIONS, WHICH ARE ESTIMATED CURRENTLY AT $70 MILLION.

UM, THERE'S THREE AUSTIN FIRE SLASH EMS PROJECTS OUT OF BEING FUNDED BY THE CEO'S.

AND THEN WE HAVE TWO PROJECTS ASSOCIATED WITH A WALNUT CREEK FAX THEM TAX INCREMENT FINANCING ZONE, AND THOSE SPECIFIC PROJECTS.

NEXT SLIDE, PLEASE.

LASTLY, ON THE CATERING SIDE OF THINGS, UM, WE ARE ESTIMATED AT ISSUING ROUGHLY $41 MILLION.

UM, AS MENTIONED BEFORE, THESE ARE THE MOVABLE TYPES OF ASSETS THAT WE FINANCE HERE AT THE CITY.

UM, WE'RE LOOKING AT ROUGHLY $7 MILLION FOR A REGIONAL RADIO SYSTEM, A $27 MILLION, UM, THEY SHOW ENDS WITH OR $27 MILLION OF THE PROJECT PROCEEDS, ESSENTIALLY GOING TO FLEET PURCHASES AND THEN A RADIO REPLACEMENT ASSOCIATED WITH APD, ROUGHLY ABOUT $6.6 MILLION.

NEXT SLIDE PLEASE.

SO AGAIN, AS I MENTIONED, UM, THE, THE ENTIRE $270 MILLION SUPPORTS PROJECTS OR RELATED APPROPRIATIONS THAT HAVE ALREADY BEEN APPROVED BY CITY COUNCIL, UM, AND AGAIN, THIS IS ACHIEVED VIA THE REIMBURSEMENT RESOLUTIONS THAT ARE BROUGHT FORWARD.

SO, UM, YEAH, AND THEN WITH THAT, AFTER THIS BOND SALE IS COMPLETED, WE WILL HAVE ROUGHLY $1.6 BILLION IN REMAINING VOTER AUTHORIZED GEO BONDS TO SELL, UM, ACROSS, UH, UH, REFLECTED BELOW.

YOU'LL SEE THAT WE, THE DIFFERENT, UM, VOTER AUTHORIZATIONS ARE, ARE LISTED THERE AND THAT'S THE REMAINING, UM, VOTER AUTHORIZED BONDS THAT COULD BE SOLD UNDER THOSE OPPOSITIONS.

NEXT SLIDE PLEASE.

SO THIS IS KIND OF A TENTATIVE SCHEDULE THAT WE HAVE DRAFTED HERE FOR THIS YEAR'S GEO BOND SALE.

SO BACK ON JUNE 10TH, THE CITY COUNCIL DID APPROVE THE PUBLICATION OF THE NOTICE OF INTENT TO ISSUE THE CERTIFICATES.

A LOT OF LOCATIONS.

NOW, THIS NOTICE OF INTENT GETS PUBLISHED IN THE STATESMAN AND IT'S REQUIRED PER STATE STATUTE TO BE PUBLISHED AT LEAST 45 DAYS BEFORE THE DATE THAT CITY COUNCIL WILL BE APPROVING THE ACTUAL BOND SALE.

SO RIGHT NOW WE'RE SHOOTING FOR AUGUST 26TH FOR COUNCIL ACTION ON THE ACTUAL GEO BOND SALE.

THE SUBSEQUENTLY IN SEPTEMBER, THE ACTUAL BOND SALE WILL, WILL TAKE PLACE.

AND THEN IN OCTOBER, WE'LL GO AHEAD AND CLOSE ON, UH, ON THAT SALE AND WE'LL RECEIVE THE PROJECT PROCEEDS AND EVERYTHING WILL BE THE BOTTOM.

NEXT SLIDE, PLEASE.

ASHLEY HERE.

UM, THIS IS KIND OF AN, A BRIEF UPDATE ON THE BOND RATINGS ASSOCIATED WITH THE GENERAL OBLIGATION CREDIT.

UM, I KNOW, I BELIEVE WE MET BACK IN JANUARY, DECEMBER TO KIND OF DISCUSS THE IMPLICATIONS OF THE RECENT DOWNGRADE ON MOODY'S END.

UM, SO TODAY THERE HAVE BEEN NO RATING CHANGES, ESSENTIALLY SINCE THAT UPDATE MOODY'S IS ONE NOTCH LOWER THAN AAA, BUT THE CITY IS STILL RATED ON AAA BY THE OTHER TWO RATING AGENCIES, S AND P AND FITCH.

UM, AGAIN, AS ON THE, ON THE PRIOR MEETING THAT WE HAD, UM, IT WAS ON IN THE 2020 BOND SALE THAT TOOK PLACE.

WE COULDN'T CAN'T REALLY QUANTIFY THE IMPACT OF THE RECENT DOWNGRADE.

UM, JUST, JUST BECAUSE OF THE CURRENT INTEREST RATE MARKET THAT WE ARE IN RIGHT NOW.

UM, CITY OF AUSTIN

[00:30:01]

IS STILL A PRETTY STRONG NAME OUT THERE AND IN THE BOND MARKET.

SO WHEN INVESTORS DO, UM, LOOK FOR THE CITY OF AUSTIN NAMES, SO, I MEAN, THERE HAVEN'T REALLY BEEN IMPLICATIONS TO DATE, BUT THAT'S NOT TO SAY THAT MOVING FORWARD AS AN INTEREST RATE ENVIRONMENT DOES CHANGE THAT THERE WILL BE, UM, SPREAD DIFFERENTIAL ASSOCIATED WITH FUTURE BOND SALES.

AND THAT I BELIEVE IS THE LAST SLIDE.

UM, GUYS HAVE ANY QUESTIONS? UH, I'VE GOT A QUICK QUESTION.

UM, THANKS FOR THE PRESENTATION THERE ON THE LAST ITEM, THE BOND RATING IS THERE, UH, DOES THE CITY COME UP WITH A MITIGATION PLAN OR A PLAN TO GET BACK TO AAA ACROSS THE BOARD FOR MOODY'S? YEAH.

UM, SO ONE OF THE ITEMS THAT THAT WAS CITED WITHIN THAT MOVIE'S REPORT WERE, UM, WHERE THE INCREASING PENSION COSTS AND OPEN OPEC PLUS ASSOCIATED HERE AT THE CITY, UM, DURING THIS LAST LEGISLATIVE CYCLE, THE CITY DID BRING A, UM, A BILL TO MAKE CHANGES, UM, WITH APRS TO THAT PARTICULAR PENSION FUND, KIND OF GET IT IN A BETTER FISCAL THING, UM, BETTER, BETTER FISCAL POSITION.

SO, I MEAN, THERE, THERE ARE CHANGES BEING MADE.

THERE ARE, UM, ACTIONS BEING TAKEN BY THE CITY, BUT AGAIN, THIS IS GOING TO KIND OF BE A LONG-TERM FIX.

IT'S NOT GOING TO BE FIXED OVERNIGHT, SO, YEAH.

OKAY.

THANKS FOR THAT.

AND SO WHEN YOU SAY LONG-TERM, YOU THINK IT WILL BE OVER YEARS? A FEW YEARS, REALLY? I'M NOT SURE.

I MEAN, THE RATING AGENCY RATING AGENCY CRITERIA DOES CHANGE FROM TIME TO TIME.

SO I CAN'T REALLY APPLY IT ON HOW LONG IT MAY TAKE TO GET BACK UP TO THAT.

OKAY.

THANK YOU.

UH, COMMISSIONER DASGUPTA YOU'RE ON MUTE TO ME.

OKAY.

CAN YOU HEAR ME NOW? OKAY.

SO I'VE GOT, UH, SEVERAL QUESTIONS REGARDING THAT SLIDE, WHERE YOU SHOWED THE THREE DIFFERENT FORMS OF DEBT.

SO IF YOU COMBINE ALL THREE FORMS OF DEBT, HOW INDIVID IS THIS CITY? IF I LOOK AT THE TOTAL BUDGET, PART OF IT GOES FOR DAILY EXPENSES AND PART OF IT IS DEBT SERVICING.

WHAT PERCENTAGE OF THE BUDGET ACTUALLY GOES FOR DEBT SERVICING? SO I, I DON'T HAVE THAT NUMBER OFF THE TOP OF MY HEAD.

I CAN TELL YOU THAT ON THAT SAME SLIDE THAT WE HAVE, UM, I DO HAVE THE OUTSTANDING BALANCE FOR THE GENERAL OBLIGATION DEBT.

CURRENTLY, CURRENTLY WE HAVE ROUGHLY ONE, $5 BILLION IN DEBT.

OUTSTANDING.

UM, I CAN TELL YOU, I BELIEVE DEBT SERVICE FOR THIS CURRENT FISCAL YEAR THAT WE'RE IN AMOUNTED TO ABOUT $180 MILLION, UM, BETWEEN PRINCIPAL AND INTEREST ACROSS, ACROSS THE THREE DIFFERENT CLASSES OF DEBT.

UM, SO TYPICALLY WE'RE, WE'RE SHOOTING FOR KIND OF A LEVEL OF DEBT SERVICE OR DECLINING DEBT SERVICE STRUCTURE.

SO I GUESS YOU CAN KIND OF SAY THAT, OKAY, WE'LL STAY AROUND THAT 180, $190 MILLION.

SO AT LEAST FOR THE NEAR TERM.

OKAY.

SO, UH, THE SECOND QUESTION IS, UH, THERE ARE THREE KINDS AS YOU SHOW UP SHORT, WHAT IS THE RATIO BY WHICH, YOU KNOW, THAT ARE DIGITS DISTRIBUTED IS LIKE 40, 40, 20, 40, 30, 30.

HOW IS IT? I WOULD HAVE TO GET BACK WITH YOU GUYS ON THAT.

I DON'T HAVE THAT READILY AVAILABLE.

I CAN DEFINITELY.

OKAY.

AND THE LAST QUESTION IS, SORRY ABOUT ALL THE QUESTIONS THAT I AM.

AND THE LAST QUESTION IS THE PAYBACK TIME IS SEVEN YEARS FOR THAT THIRD OPTION AND YOU GOT ID INCLUDED, I ASSUME IDEALS INCLUDES LAPTOPS, DESKTOPS, YOU KNOW, ROUTERS, ET CETERA, THAT DON'T LAST SEVEN YEARS.

THAT'S 70 A DEBT ON A PRODUCT THAT YOU'RE GOING TO REPLACE IN FIVE YEARS.

HOW DOES THAT, I THINK IT'S BROADER, IT'S BROADER IT TECHNO TECHNOLOGY RELATED INFRASTRUCTURE.

UM, LIKE I SAID, WITHIN THE FINANCIAL POLICIES THAT ARE BUILT INTO THE BUDGET AND APPROVED BY COUNCIL, THERE'S A FINANCIAL POLICY IN THERE THAT STATES THAT THE CITY WILL NOT, UM, DEBT FINANCE, THE, UM, AN ASSET THAT HAS A USEFUL LIFE, LESS THAN THE OBLIGATION.

SO, UM, SO YEAH, WE DO WORK WITH BUDGET ON.

OKAY, GOOD.

I'M GLAD THAT YOU CLARIFIED THAT.

I WAS WONDERING ABOUT THAT.

OKAY.

THAT'S ALL A COMMISSIONER LUCA.

OKAY.

THANK YOU.

UM, UM, I HAD A QUESTION ABOUT THAT LAST CHART WITH THE, UM, THE RATINGS YOU TELL US APPROXIMATELY, UM, WHAT THAT MEANS FINANCIALLY FOR US.

ARE WE TALKING A POINT PER POINT, UH, IN TERMS OF COST? WHAT, WHAT IS THE DIFFERENCE

[00:35:01]

IN, UH, UH, AAA RATING AND THE RATING WE HAVE RIGHT THERE? AGAIN, SO AS I MENTIONED, BASED ON, UM, LAST YEAR SALE THAT TOOK PLACE, WE, THE BONDS ARE PRICED RELATIVELY THE SAME AS TO THE PRIORS BOND SALE, WHERE WE HAD AAA RATINGS ACROSS THE BOARD.

UM, SO AGAIN, LIKE I MENTIONED, THERE, THERE REALLY WAS A MINIMAL TO NO IMPACT ON LAST YEAR'S BOND SALE.

UM, BUT WITH THAT SAID, TYPICALLY GIVEN THE INTEREST RATE ENVIRONMENT THAT WE'RE IN THE DIFFERENCE BETWEEN A AAA RATED CREDIT AND A DOUBLE, A PLUS RATED CREDIT, WHICH IS WHERE THE MOODY'S RATING DROPPED TO.

UM, AGAIN, THIS SMALL, I WOULD SAY ONE BASIS POINT, SO 0.01%, TWO OR TWO BASIS POINTS, WHICH IS 2% SO REALLY SMALL AND INCREMENTAL IMPACT, UM, BETWEEN THOSE TWO RATING LEVELS.

AND IT'S JUST A FUNCTION OF THE MARKET RIGHT NOW.

UM, AND THEN MY OTHER QUESTION IS BACK TO THE SLIDE WHERE YOU SHOWED HOW MUCH OUTSTANDING, UH, OR I GUESS I'M COMMITTED BOND MONEY WAS AVAILABLE BY, BY YEAR BY BOND PACKAGE.

SO THE OLDEST, YOU HAD LIKE 4 MILLION, SOMETHING LIKE THAT.

UM, SO DOES THAT MEAN THERE'S A $4 MILLION PROJECT THAT WAS PROGRAMMED THAT NEVER, WE NEVER GOT TO FOUR.

DOES THAT MEAN THAT WE WERE MORE EFFICIENT WITH OUR EXPENDITURES OFF OF THAT BOND PACKAGE AND WE HAVE $4 MILLION LEFTOVER? OR CAN YOU KIND OF EXPLAIN HOW THAT WORKS? SURE.

SO ON THAT PARTICULAR ONE ON A 2006 BOND PROGRAM, UM, I DON'T KNOW WHAT FACILITY THAT THAT'S ASSOCIATED WITH, BUT I BELIEVE IT IS A FORMER OF WHAT YOU STATED THERE WAS A PROGRAM ON, THERE WAS A PROJECT THAT WAS SLATED TO BE, UM, AS CONSTRUCTED.

UM, AND THERE WAS, I'M NOT SURE WHAT, WHAT CAUSED THE PROJECT NOT TO KIND OF COME TO FRUITION AT LEAST YET, BUT THAT MONEY, WE'RE NOT GOING TO ISSUE THAT DEBT RIGHT NOW, JUST BECAUSE THERE'S NO EXPENDITURES TO SUPPORT THE DEBT, UH, UM, THAT, THAT VOTER APPROVED AUTHORIZATION, UM, OH, I CAN GET WITH BUDGET ON THAT PARTICULAR BOND PROP TO GET MORE INFORMATION TO YOU GUYS AND WHAT, WHAT THAT'S RELATED TO, WELL, MY NEXT QUESTION RELATING TO THAT IS, YOU KNOW, IF WE HAVE THESE REMANENT PROJECTS OR REMANENT, UH, FUNDING, WHAT HAPPENS TO THEM? DO THEY ROLL OVER OR ARE THEY SPECIFIC TO THAT BOND PACKAGE? SO IF IT WAS GENERAL OBJECT, IF IT WAS, UM, FOND, I WOULD IMAGINE IT HAS TO REMAIN FOR VOTER APPROVED PROJECTS, BUT IN THE OTHER TWO CATEGORIES, IS THERE ANY, UM, LENIENCY OR ABILITY TO TRANSFER IT FROM ONE TYPE OF PROJECT TO ANOTHER? IT'S REALLY IT, I WOULD HAVE TO SAY MORE OFTEN.

THE ANSWER IS NO.

UM, YOU'RE KIND OF LIMITED TO THE PROJECTS THAT YOU CAN FUND WITHIN THAT PROPOSITION BASED ON WHAT THAT PROPOSITION WAS APPROVED FOR.

SO, BUT, BUT THAT'S ON THE, ON THE BOATER APPROVED ONCE, BUT THAT CHART ONLY PHOTOS, THAT CHART IS ONLY VOTER APPROVED DEBT THAT'S OUT, UM, VOTER APPROVED AUTHORIZATION THAT REMAINS, YES.

OKAY.

AND THEN THE OTHER TWO CATEGORIES IS THE BOND MONEY FOR EXPENSES, UM, OR WHERE ARE THEY OUTLINED? YEAH.

SO ON THE CERTIFICATES OF OBLIGATIONS, WE'RE, WE'RE LIMITED TO THE PROJECTS LISTED ON THE NOTICE OF INTENT.

SO ON JUNE 10TH, THE CITY COUNCIL APPROVED THE PUBLICATION OF THE NOTICE OF INTENT ASSOCIATED WITH THIS YEAR SEALS.

SO WITHIN THAT NOTICE, THERE ARE CERTAIN PROJECTS THAT ARE OUTLINED, UM, WHICH ARE THE SAME PROJECTS THAT I HAVE OUTLINED ON THAT SLIDE.

UM, THE THREE AUSTIN FIRE AND EMS PROJECTS, AND THEN THE TWO WALNUT CREEK PROJECT, UM, THAT BOND, THAT THOSE PROJECT PROCEEDS ARE LIMITED TO ONLY THOSE THOSE PROJECTS, UM, ON THE KALE SIDE, I AM, I'M NOT SURE I WOULD.

I THINK THAT'S MORE OF A LEGAL QUESTION IS SO WHERE WE MAY BE ABLE TO MOVE FUNDS AROUND, BUT FOR THE MOST PART ON THE KALE'S SIDE, I CAN TELL YOU THAT THOSE, THOSE PROCEEDS ARE USED UP RELATIVELY QUICKLY.

UM, JUST BECAUSE THESE, THOSE PURCHASES HAPPEN, UM, AND, UH, AN EXPEDITIOUS MANNER HERE ON THE CITY SIDE.

SO, AND THEN FINALLY,

[00:40:01]

YOU MENTIONED LEGAL.

UM, SO, UH, YOU ALL USE AN OUTSIDE COUNSEL, IS THAT CORRECT? AND WHO IS IT? YEAH, SO, SO WE HAVE, UM, WE HAVE ALL THE INTERNAL LEGAL HERE AT THE CITY OF THE LEGAL LEGAL DEPARTMENT.

THEY HAVE A, A BOND COUNSEL CONTRACT, UM, AND THE FIRMS THAT WE UTILIZE FOR, FOR THAT CONTRACT THERE'S NORTON ROSE, FULBRIGHT, AND MCCALL PARK FORCE.

PAUL PARKERS.

THANK YOU.

QUESTION COMMISSIONER CURRY.

YEAH.

YEAH.

I WOULD LIKE FOR YOU TO RELATE, UM, THE BOND SALE TO THE TAX RATE, YOU MENTIONED EARLY ON TAX RATE CONSISTS OF TWO COMPONENTS, MAINTENANCE AND OPERATION AND DEBT SERVICE, SO THAT A BOND SALE THIS SEPTEMBER WILL BE REFLECTED IN THE DEBT RATE.

THAT IS PART OF THE TAX RATE FOR TAXES DUE IN JANUARY, 2022.

CORRECT? CORRECT.

AND WHAT WILL THE DEATH RATE FOR 20 TO 2020 TO BE IN COMPARISON TO 2021? WE DON'T HAVE THAT, UM, NUMBER YET AVAILABLE.

I MEAN, IT REALLY IS GOING TO BE DEPENDENT ON WHERE THE CERTIFIED AB ROLE COMES IN.

UM, AND THEN ONCE WE GET THAT INFORMATION, WE'LL BE ABLE TO HAVE AN ESTIMATE AS FAR AS THE, THE RATE THOSE.

SO WHEN YOU'D SET THE AMOUNT OF THE BOND SALE, YOU DON'T, THERE'S REALLY NO WAY OF KNOWING WHAT THAT'S GOING TO RESULT IN.

AND IT TURNS THE TAX RATE.

WE HAVE, UH, WE HAVE AN ESTIMATE, UM, CAUSE WE DO, WE DO PROJECT OR WE DO USE AN ESTIMATE WHEN IT DOES COME TO AB, BUT WHAT WE HAVE ON OUR END IN OUR OFFICE IS A REALLY CONSERVATIVE AAV GROWTH ASSUMPTION.

AND WHAT WE'VE NOTICED IN THE PAST COUPLE OF YEARS IS THAT AVI HAS AB HAS GROWN, UM, I GUESS A LOT MORE THAN WHAT WE PROJECTED HERE AND IN THE TREASURY OFFICE AND WHAT THAT AMOUNTS TO IS A LOWER DEBT ON LOWER RATE.

SO IF AVI GOES ABOVE THE ESTIMATE THAT WE HAVE THAT RESULTS IN A LOWER RATE BEING PUBLISHED OR A LOWER RATE BEING BROUGHT BEFORE COUNCIL TO APPROVE.

SO I DON'T WANT TO TELL YOU A RATE RIGHT NOW.

AND THEN WHEN THE ITEM DOES COME BEFORE COUNCIL BASED ON THE AAV, IT'S LOWER, I'M NOT WORRIED ABOUT LOWER, I'M WORRIED ABOUT HIGHER.

YEAH, NO, FOR THE MOST PART, WHAT WE HAVE ON OUR END IS WE, WE USE VERY CONSERVATIVE, CONSERVATIVE ASSUMPTIONS HERE.

SO, SO YOUR YOUTH, THE ASSUMPTION THAT YOU USE FOR AB AND THAT ASSUMPTION, THE BUDGET OFFICE IS USING ARE NOT THE SAME.

YEAH, THEY ARE THE SAME.

BUT WHAT I'M SAYING IS BETWEEN THE ASSUMPTION THAT WE USE AND WHAT'S ACTUALIZED, RIGHT.

IT'S TWO COMPLETELY DIFFERENT FIGURES.

YEAH.

I, I REALIZE THAT.

SO WHAT IS THE ESTIMATED TAX RATE IN COMPARISON TO THE CURRENT? SO FOR FYI 22, UM, UH, ESTIMATING A RAPE, UH, UM, 11 SENTENCE ESSENTIALLY.

SO THERE'S THE TWO COMPONENTS OF THE TAX RATE, THE DEBT SIDE, WE'RE ESTIMATING AT 11 CENTS.

BUT AGAIN, I, I UNDERSTAND IT'S AN ASCOT.

WE'LL SEE WHERE THE AED COMES IN.

I WOULD IMAGINE THAT THE RATE THAT'S BROUGHT BEFORE COUNCIL IS GOING TO BE LOWER THAN THAT RATE.

SO HOW DOES THAT 11 SIM ESTIMATE COMPARED TO 2021 HIGHER? SO THE TAX RATE THAT WAS SET FOR FYI 21 WAS 11.20 CENTS.

SO IT'S A LITTLE BIT LOWER, SO YOU'RE ESTIMATING THAT A BIT LOWER AND THEN IT'S LIKELY, BUT THEY'D BE GOING UP THAT IT WILL BE LOWER THAN THE ESTIMATE FOR SURE.

UM, AND, AND SO IT'S A, IT'S A FUNCTION OF, UM, THE DEBT THAT WE'RE ISSUING.

SO IT REALLY IS DEPENDENT ON HOW MUCH DEBT WE'RE ISSUING.

AND SO, BUT THE DEBT YOU'RE ISSUING IS THE SUBJECT OF YOUR PRESENTATION TODAY.

YEAH.

YEAH.

OKAY.

THANKS.

SO, UH, MR. MERRITT, SO HOW MUCH OF THE UPCOMING, UM, BOND SELL IS TO IS, IS, IS, WILL FUND THE REIMBURSEMENT RESOLUTIONS THAT ARE IN PLACE SINCE YOU'RE A CERTAIN PERCENTAGE OF THAT, YOU KNOW, THAT WILL GO BACK.

IS IT 90% OR HALF? YOU KNOW, I

[00:45:01]

WOULD HAVE TO GO, GO AHEAD AND DIVE INTO THE DETAILS.

UM, I WOULD IMAGINE THAT ROUGHLY 30 TO 40% OF THE EXPENDITURES HAVE ALREADY TAKEN PLACE.

UM, BUT AGAIN, I WOULD HAVE TO LOOK AT THE PROJECT, THE PROJECT, IF YOU JUST HAVE A FEW MINUTES, WE'VE GOT SOME NEWER FOLKS, UM, ON THE COMMISSION.

COULD YOU JUST BRIEFLY EXPLAIN WHAT A REIMBURSEMENT RESOLUTION IS AND HOW COMMON IT IS IN PRACTICE? SURE.

UM, WELL, I DON'T KNOW IF YOU WANT TO KIND OF TAKE THAT.

I KNOW THAT YOUR, YOUR EXPERTISE ON THE BUDGET SIDE OF THINGS WOULD PROBABLY SOUND A LOT MORE COMPREHENSIVE THAN WHAT I CAN PROVIDE.

YEAH.

YEAH.

I THINK PROBABLY, UH, I THINK WE HAVE SOME, UM, INFORMATION THAT WE CAN ACTUALLY LIKE SEND OUT ON IT THAT WOULD PROBABLY JUST KIND OF, AND THAT WAY YOU CAN JUST KIND OF HAVE IT AS A RESOURCE.

UM, SO I THINK THAT THAT MAY BE THE BEST ROUTE.

OKAY.

SOUNDS GOOD.

ALL RIGHT.

ANY OTHER QUESTIONS? UH, MR. RIVERA.

OKAY.

APPRECIATE IT.

RIGHT.

THANK YOU GUYS.

TAKE CARE OF ALL RIGHT.

TAKE CARE.

THANK YOU FOR YOUR TIME.

YEAH.

THANKS FOR THE TIME.

UH, OKAY.

[3c. Staff briefing from the Public Works Department about capital project delivery in the City of Austin]

ON TO ITEM THREE C STAFF BRIEFING FROM PUBLIC WORKS DEPARTMENT ABOUT CAPITAL PROJECT DELIVERY IN THE CITY OF BOSTON.

HELLO, THERE'S UM, MY NAME IS PATRICIA WAD SACK AND I'M THE DIVISION MANAGER OF THE PROJECT MANAGEMENT DIVISION, UH, IN PUBLIC WORKS.

AND MY COWORKER JANICE WHITE SHOULD BE HERE.

YEAH.

OKAY.

ALL RIGHT.

AND, UM, DAVID PAYNE, I THINK, IS RUNNING OUR SLIDES FOR US.

SO I JUST WANT TO THANK YOU ALL FOR HAVING US HERE TODAY TO PRESENT TO YOU ABOUT CAPITAL PROJECT DELIVERY IN THE CITY OF AUSTIN.

SO KENNETH, DID YOU WANT TO TAKE THIS SLIDE? SURE.

I THOUGHT YOU WERE DOING THAT, BUT SORRY.

SO, UH, WE'RE HAPPY TO BE HERE TODAY.

UH, WE'RE GOING TO, GOING TO GIVE YOU A LITTLE OVERVIEW OF CAPITAL PROJECT DELIVERY AND THE PUBLIC WORKS DEPARTMENT, UH, OUR PUBLIC PROJECT DELIVERY APPROACH, PROJECT DELIVERY METHODS, AND THEN TALK A LITTLE BIT ABOUT QUALITY SCHEDULE BUDGET.

AND AS I MENTIONED EARLIER, MY NAME IS PATRICIA WADS SAC, AND I'M THE DIVISION MANAGER OF THE PROJECT MANAGEMENT DIVISION.

AND I'M JANICE WHITE.

I AM, UH, IT'S A PLEASURE TO BE HERE TODAY.

I'M THE CITY ARCHITECT AND I'M THE DIVISION MANAGER FOR THE ARCHITECTURAL PROJECT MANAGEMENT DIVISION.

AND JUST TO THROW IN THERE, I'M A AND M GRADUATE BASED ON YOUR EARLIER INTRODUCTIONS.

AND AS WE NOTED TODAY, WE'RE GOING TO GIVE YOU A BRIEF OVERVIEW OF CAPITAL PROJECT DELIVERY, AS YOU CAN SEE FROM THE CHART.

UH, AND ERIC PRESENTED EARLIER, ERIC, BAILEY'S OUR ASSISTANT DIRECTOR OVER CAPITAL PROJECT DELIVERY.

UH, WE HAVE FIVE DIVISIONS WITHIN THAT GROUP.

UH, TRISHA'S DIVISION PROJECT MANAGEMENT DIVISION, UH, FOCUSED ON CIVIL PROJECT DELIVERY.

UH, MINE ARCA, MY DIVISION ARCHITECTURAL PROJECT MANAGEMENT, OF COURSE, VERTICAL ARCHITECTURAL BUILDING PROJECTS AND RENOVATIONS.

UH, THEN WE HAVE CONSTRUCTION MANAGEMENT DIVISION, UH, INSPECTING OUR PUBLIC, UH, CIP PROJECTS, ENGINEERING SERVICES DIVISION, WHICH IS A SMALL GROUP, UH, ACTUALLY IS GROWING.

AND THEY ARE LIKE A SMALL ENGINEERING FIRM WITHIN PUBLIC WORKS THAT DESIGN AND DEVELOP, UH, CIVIL PROJECTS, UH, FOUR TO FOUR SPONSORS IN THE DEPARTMENTS IN THE CITY OF AUSTIN, A SMALL ENGINEERING FIRM.

AND THEN WE HAVE OUR QUALITY MANAGEMENT DIVISION ENSURING THE QUALITY OF OUR PUBLIC PUBLIC WORKS CIP PROJECTS.

UM, AS YOU ALREADY KNOW WHERE WE ARE A PART OF THE PUBLIC WORKS DEPARTMENT, CAPITAL PROJECT DELIVERY, THE ENTIRE, UH, DEPARTMENT IS CENTRALIZED PROJECT DELIVERY ENTITY

[00:50:01]

FOR THE CITY OF AUSTIN.

AND WE MANAGE CAPITAL PROJECT CAPITAL PROJECT, UH, DELIVERY FOR, UH, CIP PROJECTS, UH, FROM CRADLE DEGRADES.

SO FROM PRELIMINARY OR ONE, IT'S JUST THAT INITIAL, UH, CIP HIGH-LEVEL, UH, BUDGET AND SCOPE THROUGH DESIGN, CONSTRUCTION AND WARRANTY.

SO FROM CRADLE GRADES, YEAH, IT TAKES MANY PARTNERS TO DELIVER A PROJECT HERE AT THE CITY OF AUSTIN.

UH, WE, UH, WE WORK WITH OTHER, UH, CITY CITY DEPARTMENTS TO DELIVER PROJECTS IN ADDITION TO OUR STAKEHOLDERS AND SPONSOR DEPARTMENTS.

SOME OF THOSE YOU SEE HERE THAT WE'LL BE TALKING ABOUT CAPITAL CONTRACTING OFFICE, SMALL MINORITY AND BUSINESS RESOURCES, THE OFFICE OF REAL ESTATE FINANCIAL SERVICES, OF COURSE, UH, DEVELOPMENT SERVICE DEPARTMENT PERMITTING, UH, LAW OR CONTRACTS.

AND THEN OF COURSE OUR CLIENTS AND SPONSORS, UH, WE ALSO COORDINATE, UH, WITH, UH, AND PROVIDE PUBLIC OUTREACH AND PROVIDE GUIDANCE, UH, UH, AS, AS NEEDED ON THOSE PROJECTS, WHETHER IT'S THE PART OF THE COMMUNITY AND NONPROFIT NEIGHBORS.

UH, BUT MOST OF OUR PROJECTS ALSO INCLUDE PUBLIC OUTREACH, WHETHER IT'S CIVIL OR ARCHITECTURAL.

UM, SO TOGETHER BETWEEN THE TWO DIVISIONS, WE MANAGE OVER 475 PROJECTS, UH, AND IT'S ALMOST $5 BILLION WORTH OF WORK.

I WANT TO POINT OUT A COUPLE OF THINGS.

THE DATA ON THIS AND THE FOLLOWING SLIDES ARE TAKEN FROM A RECENT SNAPSHOT FROM OUR ECO PRE A BUDGETING SOFTWARE.

AND IT'S CONSTANTLY CHANGING.

I ALSO WANT TO POINT OUT SINCE, UM, MY SUPERVISOR PRESENTED EARLIER ABOUT COVID HE, HIS NUMBER OF PROJECTS WAS ONLY PROJECTS IN THE COUNTRY CURRENTLY IN THE CONSTRUCTION PHASE.

THIS NUMBER IS ALL OF OUR PROJECTS FROM BEGINNING TO END.

THAT'S WHY THE NUMBERS ARE A LITTLE DIFFERENT.

SO A LITTLE BIT ABOUT OUR PEOPLE.

UH, BMD HAS 29 PROJECT MANAGEMENT STAFF AND EIGHT SUPPORT STAFF.

WELL APMD HAS 25 PROJECT MANAGEMENT STAFF TO SUPPORT STAFF AND THREE INTERNS.

I LOVE THIS SLIDE.

IT TELLS YOU A LITTLE BIT ABOUT WHO WE ARE.

WE HAVE 29 EMPLOYEES WHO ARE PROFESSIONAL ENGINEERS, 14 EMPLOYEES THAT ARE LICENSED ARCHITECTS, 15 EMPLOYEES THAT ARE PROJECT MANAGEMENT PROFESSIONALS AND 12 EMPLOYEES THAT ARE LEADS LEADER CREDITED.

AND THAT STANDS FOR LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN.

AND THIS IS BETWEEN THE TWO DIVISIONS TOGETHER, UH, FOR MY DIVISION PROJECT MANAGEMENT DIVISION, WE TEND TO WORK ON WATER AND WASTEWATER PROJECTS, STREETS, BRIDGES, SIDEWALKS, WATERSHED PROTECTION, AND PROJECTS.

AND WE HAVE ABOUT 365 ACTIVE PROJECTS AT THE MOMENT WORTH $3.7 BILLION.

JUST HAVE A COUPLE OF SLIDES HERE WITH SOME PHOTOS OF THOSE PROJECTS TO GIVE YOU A FLAVOR FOR THE TYPE OF WORK WE DO.

UH, HERE'S UM, A BRIDGE ON THE SEABROOK URBAN TRAIL, AND HERE'S A PHOTOGRAPH OF THE RIO GRANDE STREET CONSTRUCTION.

YOU CAN RECONSTRUCTION, YOU CAN SEE THE BIKE LANES AND, UM, MARKINGS THAT ARE ADDED THERE AS WELL AS THE, UM, THE TRAFFIC CONTROL DEVICES ON THE LARGER SIDE.

UM, ONE OF OUR LARGEST PROJECTS IN RECENT YEARS IS THE BURL HANCOCK SENIOR WATER TREATMENT PLANT AT LAKE TRAVIS.

UM, THIS IS AN EXAMPLE OF, UM, AN ID IQ TYPE OF PROJECT WHERE WE WOULD DO SIDEWALK IMPROVEMENTS.

AND HERE'S A LITTLE BIT OF A FLAVOR OF HOW OUR PROJECTS ARE BROKEN OUT BY SPONSORING DEPARTMENTS.

SO THIS IS BY NUMBER OF PROJECT, AND YOU CAN SEE HERE IN THE PURPLE THAT ABOUT HALF OF OUR PROJECTS ARE FOR THE AUSTIN WATER UTILITY.

UM, WATERSHED PROTECTION IS THE NEXT LARGEST SLICE WITH THE, IN THE BROWN THERE.

AND THEN, UH,

[00:55:01]

THE DARKER PURPLE IN THE GREEN, OUR PUBLIC WORKS IN AUSTIN TRANSPORTATION.

THIS IS THE SAME, UH, SLICE OF PROJECTS ONLY.

NOW, UH, WE'RE LOOKING AT IT BY DOLLAR VALUE AND YOU CAN SEE, WE STILL HAVE THE SAME TOP FOUR PROJECTS OR TOP FOUR SPONSORING DEPARTMENTS.

SO HERE YOU GET A LITTLE FEEL FOR OUR FUNDING SOURCES.

UM, THE, THE BOND PROGRAMS THAT WERE, UM, SHOWN, YOU KNOW, 2012 THROUGH 2020 BOND PROGRAMS ARE SHOWN HERE IN THE RED.

UM, SO WE HAVE ABOUT 20% OF OUR PROJECTS BY COUNT, COME FROM THAT TYPE OF PROGRAM AND ABOUT 10% BY TOTAL FUNDING.

UH, THE OTHER FUNDING WOULD BE, UM, FROM, UM, USUALLY RATE PAYERS, UM, WATER UTILITY TYPE PROJECTS, OR OTHER TYPE OF, UH, FEES.

NEXT WE'LL TALK, GIVE A LITTLE BIT OF AN OVERVIEW OF THE ARCHITECTURAL PROJECT MANAGEMENT DIVISION.

UH, AS YOU CAN SEE, OUR PROJECTS INCLUDE, UH, AIRPORT, UH, RX PROJECTS, FIRE EMS, FACILITIES, LIBRARIES, UH, CIVIC BUILDINGS, AUSTIN CONVENTION CENTER, AUSTIN, PUBLIC HEALTH.

UH, WE AVERAGE, UH, RIGHT NOW ABOUT 110 PROJECTS, UH, MOVING UP AND DOWN SLIGHTLY AND JUST OVER, OR JUST UNDER $1.2 BILLION IN PROJECTS SHOWING YOU SOME EXAMPLES OF OUR PROJECTS.

UH, SOME OF THESE ARE FUNDED BY, UH, YOU KNOW, THE CITIZEN APPROVED BONDS, SOME CERTIFICATES OF OBLIGATION.

THIS IS DEL VALLEY, MOORE'S CROSSING FIRE.

EMS STATION IS PART OF A FIREFIGHTER STATION PROGRAM WHERE WE'RE DELIVERING, UH, AFTER THE INITIATION OF THE PROJECT, WE DELIVERED THIS STATION IN TWO YEARS FROM PROCUREMENT DESIGN AND CONSTRUCTION, AND THEN EVERY YEAR AFTER THIS, WE'RE DELIVERING, UH, ONE MORE FIRE STATION, NEW FIRE STATION, UH, COMING UP LATER THIS MONTH, WE'LL BE DELIVERING, DELIVERING THE TRAVIS COUNTRY, UH, FIRE STATION.

UH, AND THEN, UH, CONTINUING NEXT YEAR, THERE'LL BE A LOOP 360 THEN, UM, GOODNIGHT RANCH.

AND THEN THE LAST YEAR, UH, CANYON CREEK, UH, THESE PROJECTS RANGE FROM ABOUT 17 MILLION TO 20 MILLION GOOD, THE TERMINAL EXPANSION PROJECT THAT WE WAS MENTIONED EARLIER.

THIS IS A $350 MILLION PROJECT AT THE AIRPORT.

UH, IT WAS A 12 GATE EXPANSION, BUT WITH NINE NEW GATES AND WE REPLACED THREE EXISTING GATES.

UH, IT INCLUDED, UH, APRON AND SIDE INFRASTRUCTURE WORK IN ADDITION TO, UH, SOME DIC PONDS AND RENOVATIONS WITHIN THE EXISTING TERMINAL.

UH, AND THAT PROJECT WELL OCCUPIED THERE IS, WE'RE STILL WE'RE IN THE WARRANTY PHASE AND SOME SMALL EXTRA WORK, UH, IS HAPPENING FOR, FOR AVIATION.

FOLLOWING THAT AS A LITTLE BIT SMALLER PROJECT, IT'S JUST OVER $15 MILLION PROJECT.

IT WAS COMPLETED LAST AUGUST, IT'S THE MENTALIST REC CENTER, A PART AND AUSTIN PUBLIC HEALTH PROJECT, UH, WITH COVID, THEY DIDN'T OPEN IMMEDIATELY, BUT NOW THEY ARE IN THE PROCESS OF OPENING THE FACILITY.

UH, AND THIS JUST WON A LOCAL AUSTIN AIA AWARD FOR AFFORDABILITY AND SUSTAINABILITY BY TAKING A LOOK AT OUR, OUR, OUR PROJECTS BY ACCOUNT, UH, YOU KNOW, IT'S, UH, YOU CAN SEE SOME OF OUR LARGER, UH, DEPARTMENTS, UH, AWESOME PUBLIC LIBRARY RIGHT NOW.

THERE'S MANY OF THOSE ARE 2018 BOND PROJECTS, UH, FAR EMS THAT WE ALREADY MENTIONED, PARD PROJECTS, AVIATION, AND THEN AUSTIN CONVENTION CENTER ARE THE LARGEST BLOCKS OF COLOR THAT YOU SEE ON THE DIAGRAM.

IF YOU TAKE A LOOK AT, BY VALUE AND TOTAL PROJECT COSTS, YOU CAN SEE THAT, UH, AVIATION IS THE BIG WINNER HERE AND THE TAN COLOR, UH, WITH THOSE DOLLAR AMOUNTS OF PROJECTS, WHETHER THEY'RE IN, UM, DESIGN, CONSTRUCTION OR WARRANTY, UH, JUST UNDER, UH, OR JUST OVER $800 MILLION RIGHT NOW.

AND JUST TO ADD ONTO THAT, IT INCLUDED, UH, THERE'S A CONSOLIDATED MAINTENANCE FACILITY, ABOUT 60, $80 MILLION PROJECT, UH,

[01:00:01]

IT BUILDING, UH, ABOUT, YOU KNOW, 20, $25 MILLION PROJECT.

IN ADDITION TO OTHER PROJECTS THAT ARE ON THE BOOKS AND ARE IN CONSTRUCTION CURRENTLY.

AND A FEW IN DESIGN, A FIRE FIRE IS A, YOU KNOW, STUBBORN 96 MILLION IN PROJECTS, EMS 35 MILLION CONVENTION CENTER, 55 MILLION AUSTIN PUBLIC LIBRARY ABOUT 40 MILLION AUSTIN PUBLIC HEALTH, ABOUT 24 MILLION AND PART JUST OVER 67 MILLION AND IF YOU LOOK AT OUR FUNDING SOURCES, UH, YOU'LL SEE THAT THE PUBLIC, THE PUBLIC VETTER PROOF BONDS ARE ABOUT LIKE PROJECT COUNT RIGHT NOW ARE ABOUT 40% OF OUR PROJECTS BY ACCOUNT.

AND THEN WHEN YOU MOVE OVER AND TAKE A LOOK AT FUNDING, IT'S ABOUT 15% OF THE DOLLAR VALUE OF OUR CURRENT PROJECTS.

SO NOW WE'RE GONNA MOVE, UH, AND TALK A LITTLE BIT ABOUT PUBLIC PROJECT DELIVERY, UH, PUBLIC PROCUREMENT.

UM, SO PUBLIC PROJECT MANAGEMENT HAS SOME DIFFERENCES AS COMPARED TO PRIVATE PROJECT MANAGEMENT.

THE LAW REQUIRES THESE PROCESSES, AND WE'RE GOING TO GO INTO DETAIL ON SOME OF THESE SPECIFIC AREAS OVER THE NEXT FEW SLIDES.

UH, PUBLIC PROCUREMENT MUST FOLLOW MULTIPLE SPECIFIC PROCESSES AS REQUIRED BY OUR CITY ORDINANCES, STATE LAW AND FEDERAL LAW.

SOME OF THESE INCLUDE HIRING A PROFESSIONAL SERVICES ACQUISITION OF REAL ESTATE, SMALLER MINORITY BUSINESS RESOURCE REQUIREMENTS, WAGE COMPLIANCE REQUIREMENTS, ENVIRONMENTAL COMPLIANCE REQUIREMENTS, AND ORDINANCES, WHICH SUPPORT OUR CITY VALUES AND OF COURSE, THE FIRST STEP IN STARTING A PROJECT, ONCE WE, UH, HAVE A CIP LEVEL OF PROJECT INFORMATION AND FUNDING IS, IS HIRING THE DESIGN TEAM.

UH, THIS IS QUALIFICATIONS BASED SELECTION, UH, AND IS A SINGLE PROJECT SPECIFIC SELECTION OR A ROTATION LIST WHERE GROUPS OF FIRMS ARE HIRED, UH, FOR USE BY THAT, UH, ON SMALLER PROJECTS.

UH, THE CITY IS REQUIRED TO SELECT THE MOST HIGHLY QUALIFIED PROVIDER FOR PROFESSIONAL SERVICES.

UM, AN RFQ IS ISSUED AFTER DETERMINING THE MOST QUALIFIED PROVIDER CITY STAFF THEN NEGOTIATE A CONTRACT WITH THAT CONSULTANT.

UH, THE CITY MAY IN THAT, UH, SELECTION PROCESS, THE CITY MAY ONLY, UH, ENGAGE ONE CONSULTANT AT A TIME FOR THOSE NEGOTIATIONS.

AND YOU HAVE TO END WITH YOUR INTEGRATION BEFORE YOU CAN BEGIN NEGOTIATIONS WITH A DIFFERENT CONSULTANT.

IF IT DOESN'T WORK OUT WITH THE FIRST SELECTED FIRM, YOU MUST END THAT BEFORE YOU GO TO THE NEXT FIRM ON THE, SO IN THE SELECTION PROCESS, AS I ALREADY MENTIONED, THERE'S TWO METHODS TO HIRE CONSULTANT TEAM.

AND THE FIRST STEP FOR BOTH METHODS IS THAT RFQ THE REQUEST FOR QUALIFICATIONS.

YEAH, THE SINGLE SELECTION, THE SINGLE CONSULTANT, ADDITIONAL SERVICES FIRM, UH, IS TYPICALLY JUST FOR A SINGLE LARGE PROJECT.

UH, AND THAT PROCESS CAN TAKE UP TO SIX MONTHS.

UH, MANY OF OUR, ALL OF OUR LARGE PROJECTS, WE, UH, USE THE SINGLE CONSULTANT SELECTION PROCESS, UH, FOR PROFESSIONAL SERVICES.

AND REALLY, UH, EVEN SOME OF OUR, DEPENDING ON THE TYPE OF PROJECT, EVEN SOME OF OUR PROJECTS, YOU KNOW, UH, 10 IN THE 10 TO $20 MILLION RANGE, WE WILL ALSO DO THAT.

UH, BUT IN, BUT OF COURSE THE FIRST STEP IS THE CITY ANNOUNCING, UH, THE RF QUEUE FOR PROFESSIONAL SERVICES FOR SPECIFIC PROCESS, UH, CONSULTANTS SUBMIT PROPOSALS FOR DESIGN SERVICES.

THE HIGHEST QUALIFIED CONSULTANT IS SELECTED, AND THEN THE PM NEGOTIATES THE DESIGN SCOPE WITH THAT SELECTED CONSULTANT.

OKAY.

SO THAT IS JUST AN OVERVIEW OF THE QUALIFICATION BASED SELECTION PROCESS FOR A SINGLE PROFESSIONAL SERVICES FIRM.

THE NEXT IS THE ROTATION LIST.

UH, THIS IS A TOOL WE USE FOR MANY SMALLER PROJECTS HERE, HERE AT THE CITY OF AUSTIN.

AND ONE ROTATION LIST IS USED TO HIRE PROFESSIONAL SERVICES FOR MULTIPLE SMALLER PROJECTS.

UH, CONSULTANTS ON THE ROTATION LIST ARE OFFERED TO PROPOSE

[01:05:01]

ON A REVOLVING BASIS ONCE THEY'VE BEEN SELECTED IN OUR OWN THAT LIST.

UH, THE CITY HAS MULTIPLE ROTATION LISTS, WHICH ARE GROUPED TOGETHER BY TYPE OF WORK, WHETHER IT'S ARCHITECTURAL OR CIVIL, UH, SO MECHANICAL COMMISSIONING, UH, AND EVEN THE LIST, EVEN THE SELECTION PROCESS CAN ALSO TAKE UP TO SIX MONTHS FOR THAT ROTATION LIST.

UH, WHEN YOU WANT TO USE THE ROTATION LIST FOR AN ASSIGNMENT OF THAT CONSULTANT TO YOUR PROJECT, THAT CAN TAKE ONE TO TWO MONTHS TO NEGOTIATE THAT SCOPE OF SERVICES AND BE READY TO GO ON THAT PROJECT.

UM, WHEN WE GO THROUGH THAT SELECTION PROCESS FOR ROTATION LIST, WE ANNOUNCED THE RFQ FOR THE SPECIFIC PROFESSIONAL SERVICES.

IT'S MULTIPLE CONSULTANTS SUBMIT THEIR QUALIFICATIONS.

UH, THE HIGHEST QUALIFIED CONSULTANTS ARE SELECTED TO BE ON THE ROTATION LIST.

AND THEN THAT SINGLE CONSULTANT FROM THE ROTATION LIST IS OFFERED TO PROPOSE ON PROJECT, UH, THE PM, AS I NOTED A MINUTE AGO, NEGOTIATES THAT SCOPE OF WORK WITH THE CONSULTANT, GETTING THEM UNDER CONTRACT FOR THAT ASSIGNMENT.

WHEN WE ACQUIRE REAL ESTATE, UM, THE CITY CAN DIRECTLY PURCHASE PROPERTY AFTER FOLLOWING ALL THE LAWS REGARDING PROPERTY ACQUISITION, AND THE CITY HAS THE RIGHT TO ACQUIRE PROPERTY THROUGH EMINENT DOMAIN, WHICH IS REFERRED TO AS CONDEMNATION.

BUT IF THE CITY CHOOSES TO CONDEMN PROPERTY, THE CITY MUST PROVE A NEED FOR THAT PROPERTY.

THE CONDEMNATION PROCESS REQUIRES SEVERAL LENGTHY STEPS, INCLUDING EXPERT TESTIMONY, UH, AND CONDEMNATION CAN TAKE UP TO TWO YEARS.

SO, UM, IT'S IMPORTANT FOR YOU TO KNOW THAT ACQUISITION OF REAL ESTATE CAN DELAY LINKEDIN OR DERAIL PROJECTS, OKAY.

WHEN WE'RE USING EXISTING CITY LAND, UM, USUALLY THAT INVOLVES THE CONVERSION OF PARKS LAND, AND IT REQUIRES A PUBLIC HEARING PER STATE LAW.

AND IT'S ALSO A LENGTHY PROCESS.

THIS REQUIRES THE REVIEW AND APPROVAL OF THE PARKS AND RECREATION BOARD, THE LAND OF FACILITIES COMMITTEE OF THE BOARD, AND TYPICALLY A PUBLIC HEARING BY CITY COUNCIL, THE PARKS BOARD THEN INDEPENDENTLY ESTABLISHES THE AMOUNT OF COMPENSATION FOR THE USE OF THAT PARKLAND.

TAKING A LOOK AT, UH, THE PROPERTY IS A FEASIBILITY OF USE.

THE PROPERTY CAN HAVE EXISTING CONCERNS, WHICH LIMIT USE, UH, SOME ANALYSIS NEEDS TO TAKE PLACE.

UH, THOSE THAT THOSE CHALLENGES AND ISSUES CAN BE PRIOR EASEMENTS, ZONING, ENVIRONMENTAL FEATURES, UH, SUBDIVISION OF THE PROPERTY THAT MAY NOT BE APPARENT INITIALLY.

AND THEN OTHER GOVERNMENTAL AGENCIES, THE CITY MUST FOLLOW ALL EXISTING LUNGS LAWS, PROCESSES TO CHANGE PROPERTY USE.

OUR PARTNERS AND CONSULTANT SELECTION, DESIGN AND CONSTRUCTION ARE SMALL, SMALL AND MINORITY BUSINESS RESOURCES.

THE CITY HAS AN ORDINANCE TO PROMOTE AND ENCOURAGE MINORITY WOMEN AND DISADVANTAGED BUSINESS OWNERS TO PARTICIPATE, TO PARTICIPATE IN BUSINESS OPPORTUNITY OPPORTUNITIES WITH THE CITY OF AUSTIN.

UH, THIS IS SUPPORTED THROUGH THE ESTABLISHMENT OF PARTICIPATION GOALS FOR VENDORS DURING PROCUREMENT.

THOSE PROFESSIONAL SERVICES CONTRACTS, UH, GOALS WILL BE ESTABLISHED MONITORING GOALS BY S ARE DURING PROJECT DELIVERY.

AND THEN THE VERIFICATION OF GOAL ACHIEVEMENT PRIOR TO FINAL PAYMENT.

I MENTIONED THE GOALS THAT ARE PROPOSED FOR DESIGN TEAMS, BUT OF COURSE, WHEN A PROJECT IS PROCURED FOR CONSTRUCTION, THERE ARE ALSO GOALS AND THOSE GOALS ARE TRACKED BY S AND BR AND A PART OF EACH PATH THAT IS TURNED IN ON THE PROJECT.

IN ADDITION, THERE'S WAGE COMPLIANCE WITH, WITH THE CITY OF AUSTIN, UH, IT IS REQUIRED BY LAW FOR CITY PROJECTS.

UH, IT ENSURES THAT PREVAILING WAGES ARE PAID BY CITY CONTRACTORS TO THEIR EMPLOYEES, EACH TRADE OR SUB CONTRACTOR GROUP AS A UNIQUE WAGE RATE, WHICH IS DIFFERENT FOR CIVIL AND ARCHITECTURAL WORK.

THE ENFORCEMENT OF WAGE RATE IS ENFORCED BY CITY PROCESSES AND ALSO BY STAFF DURING CONSTRUCTION, UH, CITY STAFF

[01:10:01]

MONITOR AND TRACK WAGES BEING PAID TO CONTRACTORS.

SO CONSULTANTS WORKING ON THE PROJECT WE ALSO, OF COURSE AT THE CITY OF AUSTIN, UH, ONE OF OUR CHARACTERISTICS AND THIS DISTINCTION IS OUR ENVIRONMENTAL, THE CITY ENVIRONMENT.

UH, AND WE HAVE ENVIRONMENTAL COMPLIANCE RELATED TO THAT, UH, FOR ALL OF OUR PROJECTS, UH, IT BEGINS WITH THE CITY LAND DEVELOPMENT CODE, UH, THIS WHIP, THE STORM WATER POLLUTION PREVENTION PLAN, UH, SOME ADDITIONAL COMPLIANCE REQUIREMENTS DEPEND ON WHERE YOUR PROJECT IS LOCATED, BUT THE BARTON SPRINGS EDWARDS AQUIFER DISTRICT, BUT ACCOUNTING'S CANYON LAND CONSERVATION PLAN, THE ENDANGERED SPECIES ACT, THE MIGRATORY BIRD TREATY ACT, WETLANDS PROTECTION, AND THEN OF COURSE FLOOD RISK.

UM, AND THESE COVER OF COURSE, CITY