[00:00:05]
[CALL TO ORDER]
TWO OH FIVE.I'LL CALL THE BOND OVERSIGHT COMMISSION MEETING TO ORDER AND ASK NICOLE IF SHE WILL CALL THE ROLE.
UH, DO WE HAVE ANY CITIZEN COMMUNICATION? ANYONE SIGNED UP? SEEING NONE THEN THE FIRST ORDER OF
[1. Approval of the minutes of the Regular meeting of the Bond Oversight Commission on September 20, 2023.]
BUSINESS IS APPROVAL OF THE MINUTES, WHICH WERE CIRCULATED EARLIER.I'LL GIVE EVERYONE A MINUTE TO TAKE A LOOK AT THE MINUTES.
AND THEN IF ANYONE HAS A MOTION TO APPROVE THE MINUTES, I CAN PUT FORTH A MOTION TO APPROVE THE AMENDMENTS.
MOTIONS MADE TO APPROVE THE MINUTES.
ARE THERE ANY CHANGES OR QUESTIONS ABOUT THE MINUTES? HEARING NONE.
ALL THOSE IN FAVOR OF APPROVING THE MINUTES SIGNIFY BY SAYING AYE OR RAISING YOUR HAND.
ALL THOSE OPPOSED? NONE OPPOSED.
[2. Approval of 2024 Bond Oversight Commission meeting schedule.]
BUSINESS IS APPROVING OUR SCHEDULE FOR NEXT YEAR, AND, UM, I BELIEVE WE HAVE AN OVERHEAD WITH A DRAFT SCHEDULE THAT I PUT TOGETHER.THE DRAFT SCHEDULE IS JUST BASED ON OUR REGULAR MEETING TIME, UM, AND INCLUDES EVERY MONTH.
UH, I'VE TRIED TO NOTE ANY OF THE POSSIBLE CONFLICTS.
UM, I WOULD POINT OUT THAT IN THE PAST, THE BOND OVERSIGHT, UH, COMMISSION HAS NOT MET IN JULY AND AUGUST BECAUSE OUR LIAISON SERVICES WERE PROVIDED BY THE BUDGET OFFICE AND THAT WAS AN EXTREMELY BUSY TIME FOR THE BUDGET OFFICE.
BUT THAT'S NO LONGER THE CASE.
SO, UM, IT IS NOT A LACK OF LIAISON SERVICES THAT WOULD PREVENT US FROM MEETING IN JULY AND AUGUST.
UM, MY SUGGESTION IS TO APPROVE, UM, A SCHEDULE WITH THE REGULAR MEETINGS, UH, BECAUSE IT IS EASIER TO CANCEL A MEETING THAN IT IS TO CALL A SPECIAL CALL MEETING.
UM, UNDER THE BOARDS AND COMMISSIONS ARE ONLY ALLOWED TO CALL ONE SPECIAL CALL MEETING A QUARTER.
UH, THERE'S A LIMITATION ON THOSE.
UH, AND THERE IS NOT A LIMITATION ON CANCELING MEETING IF NONE IS NEEDED OR IF A QUORUM CAN'T BE PRESENT.
THAT SAID, UM, ANYBODY HAVE ANY QUESTIONS OR SUGGESTIONS OR A MOTION ON THE SCHEDULE? I MOTION TO APPROVE THE SCHEDULE 2024.
SO A MOTION IS MADE AND SECONDED TO APPROVE THE, THE DRAFT SCHEDULE AND SUBMIT IT TO THE CLERK.
UM, ANY DISCUSSION? HEARING NONE.
ALL THOSE IN FAVOR SIGNIFY BY SAYING A, ARE RAISING YOUR HAND? AYE.
SEEING NONE, THE MOTION CARRIES.
UM, IS THERE ANYONE WHO WOULD LIKE TO DISCUSS A CHANGE IN TIME OR PLACE? THE, THE PROCESS IS THAT WE ADOPT A SCHEDULE, WE GIVE IT TO THE CITY CLERK.
UH, IF WE DON'T ASK FOR A DIFFERENT PLACE, THEN THE PRESUMPTION IS THAT WE'RE REQUESTING THE SAME PLACE.
IT DOESN'T MEAN THAT THE SAME PLACE WILL NECESSARILY BE AVAILABLE, BUT THEY HAVE TO HAVE ALL THE SCHEDULES BEFORE THEY START DIVVYING UP SPACE.
UM, BUT DOES ANYONE HAVE A PREFERENCE FOR CHANGING THE PLACE OR SUBMIT IT AS IS AND LET THE CHIPS FALL WHERE THEY WILL
[00:05:01]
[3. Continued discussion of Commissioners’ perspectives on success for the Bond Oversight Commission.]
OF BUSINESS IS A CONTINUED DISCUSSION OF THE COMMISSIONER PERSPECTIVE ON SUCCESS FOR THE BOND OVERSIGHT COMMISSION.AND I WILL LET, UM, STEVEN GO AHEAD AND TALK ABOUT THE THINGS THAT PEOPLE HAVE SUBMITTED, UH, IN ADVANCE.
I'M STEVE GRACE FROM CAPITAL DELIVERY SERVICES DEPARTMENT.
I'M JAMES SNOW'S, ASSISTANT DIRECTOR AND YOUR EXECUTIVE SUPPORT STAFF FOR THE BOND OVERSIGHT COMMISSION.
SO I'LL BE SEEING YOU THROUGHOUT THE YEAR.
UM, WHAT WE'RE GONNA TURN TO NOW IS A TOPIC THAT WE BROUGHT UP IN SEPTEMBER RIGHT AFTER THE, THE SUMMER BREAK.
AND THE FOCUS, OR THE, THE INTENT WAS JUST, UM, TO, TO UNDERSTAND AMONG THE COMMISSIONERS WHAT A PICTURE OF SUCCESS WAS.
WHAT WHAT WOULD BE A, UM, VALUABLE OUTCOME FOR THE COUNCIL, FOR THE CITY, UM, THAT THIS COMMISSION CAN PERFORM.
UM, WE WEREN'T ABLE TO CONCLUDE AND WE DIDN'T PICK IT UP IN OCTOBER.
SO LAST WEEK WE, UM, WE WERE ABLE TO SEND OUT THE TWO QUESTIONS WE WANTED TO DISCUSS IN THIS FORUM.
AND I, I APPRECIATE THE, THOSE COMMISSIONERS THAT, UM, SENT US SOME FEEDBACK.
WE'LL TAKE A LOOK AT THAT HERE IN A MOMENT.
BUT REALLY WHAT WE WANT TO USE THE, THE BALANCE OF THE TIME WE HAVE TOGETHER TODAY IS TO ADDRESS THOSE THINGS.
AND THE, THE ITEMS THAT WE WANT TO COME TO AN UNDERSTANDING ARE, UM, AGAIN, WHAT IS THAT PICTURE OF SUCCESS FOR THIS COMMISSION? WHAT, WHAT DO WE WANT TO PROVIDE TO, TO THE COUNCIL AND, UM, ON BEHALF OF THE COMMUNITY? AND THEN PART TWO RELATED IS WHAT ARE SOME PROCESS CHANGES, UM, TO INCLUDE THE TYPE OF INFORMATION, THE TYPE OF PRESENTATIONS YOU RECEIVE, UM, SOME SUCCESS STORIES YOU'VE SEEN IN OTHER FORMS, PERHAPS THAT CAN MAKE, UM, MAKE THIS MORE EFFECTIVE COMMISSION.
SO, UM, WITH THAT SAID, THE, AGAIN, WE PULLED UP THE, UH, THE CHARTER LANGUAGE THAT ESTABLISHED THIS COMMISSION.
AND YOU CAN CERTAINLY, UM, REVIEW IT, UM, YOURSELVES.
THE, THE KEY TAKEAWAYS SEEM TO BE THIS, THE COUNCIL LOOKS TO THIS COMMISSION TO ADVISE ON THE ISSUING OF, UM, OF NEW BONDS.
AND IT ALSO LOOKS FOR RECOMMENDATIONS AND, UM, ADVICE ON THE PROGRESS ONCE A, A BOND, UM, IS ISSUED.
HOW, HOW IS THAT WORK BEING DELIVERED FOR THE CITY? AND THAT, THAT LANGUAGE IS PRETTY CLEAR.
SO WITH THAT SAID, I WANTED TO ASK A QUESTION ACTUALLY ABOUT THAT.
UM, SO IT SAYS PROPOSED BONDS AND IN MY TIME ON THE COMMISSION, WHAT WE HAVE LOOKED AT ARE THE GENERAL OBLIGATION BONDS.
I DON'T RECALL US LOOKING AT ANYTHING OTHER THAN GENERAL OBLIGATION BONDS.
DO WE BELIEVE THAT THE LANGUAGE IN THE CHARTER LIMITS IT TO GENERAL OBLIGATION BONDS? SO THAT'S BEEN THE SCOPE THIS GROUP IS TO IS JUST GEO BONDS.
IT THE, THIS WAS SANTIAGO, IS THIS YOU THAT WAS SPEAKING? YES.
I WE HAD, WE HAD A DIFFERENT SCREEN UP, SO I COULDN'T SEE YOU TALKING
SO I, I'D SAY FROM THE HISTORICAL PERSPECTIVE, WE'VE, WE'VE ONLY FOCUSED ON GEO BONDS.
ONE OF THE REASONS I ASK IS BECAUSE, UM, UH, WHEN WE START TALKING ABOUT THE CITY'S BOND RATING, UM, THEN I, I GUESS I HAVE A QUESTION ABOUT WHETHER THOSE ARE THE ONLY BONDS THAT AFFECT THE ONLY DEBT THAT AFFECTS OUR BOND RATING.
I DO HAVE A, A COMMENT TO FOLLOW UP ON THAT.
I WE'RE, I COULD SEE THAT SOMETHING LIKE A REVENUE BOND THAT'S, UH, ISSUED BY AUSTIN BERGSTROM AIRPORT, FOR EXAMPLE, WE PROBABLY WOULDN'T HAVE.
UM, NOT JUST THE ABILITY BUT THE TIME AND REALLY THE, UH, THE CHARTER, YOU KNOW MM-HMM.
TO, TO LOOK OVER THAT, THAT MIGHT BE FOR THE AIRPORT COMMISSIONERS.
BUT SOMETHING LIKE A, A A, A HOTEL OCCUPANCY TAX, A BOND THAT'S BACKED BY SOMETHING LIKE, LIKE THAT, SOME SORT OF AVALOR TAXATION.
WE'VE NEVER, I MEAN, I'VE ONLY BEEN ON THE COMMISSION FOR TWO YEARS AND I GUESS THAT'S TRUE.
BUT, SO THE COMMISSIONERS THAT HAVE BEEN ON FOR LONGER, UM, THAT'S THE CASE.
'CAUSE THAT DOES KIND OF SEEM TO BE UNDER, YOU KNOW,
[00:10:01]
A LOT OF THOSE TOTAL OCCUPANCY TAX, OR AT LEAST SOME THAT I'M REMEMBERING FROM PAST, UH, ELECTIONS DO GO TO THINGS LIKE CONVENTION CENTER IMPROVEMENTS AND OTHER THINGS.IT MAY JUST BE A QUESTION THAT WE, AS WE GET INTO DISCUSSING BOND RATINGS, WHICH SEEM TO BE, I NOTICE THAT SEVERAL PEOPLE IN THEIR COMMENTS TALKED ABOUT BOND RATINGS.
AND IT MAY BE A QUESTION THAT WE, YOU KNOW, IN ADDITION TO BONDS, THE CITY IS NOW ISSUING OTHER KINDS OF DEBT FOR THINGS THAT THEY USED TO USE GENERAL OBLIGATION BONDS FOR, SUCH AS FIRE STATIONS, EMS STATIONS, ET CETERA.
UM, BUT THAT WE CAN JUST SAVE THAT DISCUSSION FOR WHENEVER WE'RE TALKING ABOUT WHAT IMPACTS OUR DEBT RATING.
I DO HAVE, I HAVE A QUICK QUESTION.
UM, HELLO TO THOSE OF YOU HAVEN'T SEEN IN A WHILE.
IT'S BEEN A MINUTE SINCE I'VE BEEN HERE, BUT, UM, I WAS LOOKING AT LETTER B AND IT SAYS, INCLUDING REVIEW OF FUTURE POTENTIAL BONDS BASED ON WHAT YOU WERE SEEING OF DEE, I WOULD ALSO AGREE THAT I HAVEN'T SEEN US GO OVER LANGUAGE IN THE PAST THAT LIKE IS GONNA BE ON A BALLOT.
SO WHEN I'M LOOKING AT LETTER B, I'M WONDERING, DO WE REVIEW FUTURE POTENTIAL BONDS? LIKE HOW, WHAT DOES THAT MEAN?
UM, UH, I DON'T THINK THE LANGUAGE WAS, UH, ADOPTED, BUT IT WAS WITHIN OUR PURVIEW TO MAKE THE RECOMMENDATION ON THE PROPOSED LANGUAGE.
UM, AND SO THAT'S THAT I, THAT I THINK IS STILL WITHIN OUR PURVIEW TO DO.
UM, I, AND JUST TO ADD, YOU KNOW, WE, THERE'S THIS COMMISSION HISTORICALLY JUST FROM, FROM BEING AROUND RIGHT.
WAS INVOLVED IN THE CAPITAL PLANNING AND THE NEEDS ASSESSMENT.
AND THEN FROM THERE, IF THERE WAS A, A, UM, YOU KNOW, IF THERE WAS A TASK FORCE OR THERE WAS A BOND ELECTION TASK ADVISORY GROUP THAT WOULD BE FORMED BASED ON THE NEEDS ASSESSMENT, I FEEL LIKE WE'VE LOST THAT.
RIGHT? UM, I DON'T KNOW THAT WE'RE ENGAGED IN THE NEEDS ASSESSMENT AS MUCH.
UM, IT KIND OF JUST COMES OUT AND, UM, YOU KNOW, UH, SOMEBODY PICKS UP SOME SORT OF INITIATIVE OR THE PUBLIC WILL COME AND THEN, UH, A POTENTIAL BOND, UH, PROGRAM IS ASSESSED, RIGHT? AND, AND, AND VOTED ON TO BE PUT ON THE BALLOT.
UM, I'D LIKE TO GET A BETTER UNDERSTANDING OF, OF HOW WE CAN GET BACK TO BEING ENGA REENGAGE IN THAT PLANNING.
UM, YOU KNOW, AND, AND AS OPPOSED TO THE CITY, FOR EXAMPLE, SAYING, HEY, WE CAN'T HAVE A BOND BECAUSE WE DON'T GOT THE, YOU KNOW, RESOURCES OR VENDORS.
I'D LIKE TO GET MORE INTO THAT AS WELL.
'CAUSE I'D LIKE TO SEE SPECIFIC EXAMPLES OF WHAT VENDORS YOU DON'T HAVE FOR WHAT PROJECTS, UH, ET CETERA.
BUT, UM, I'D LIKE US TO RE BE REENGAGED IN THAT PLANNING.
UM, YOU KNOW, OUR, I THINK OUR CHARGE RIGHT, IS TO, UH, NOT ONLY BE THE ADVOCATE, RIGHT, BUT, BUT ALSO CREATE TRANSPARENCY AND, AND BE THE VOICE, UM, YOU KNOW, AS WELL.
SO, UM, I'D, I'D LIKE TO SEE HOW, HOW WE CAN GET REENGAGED IN THAT PLANNING.
WELL, NOT, NOT NECESSARILY TO CREATE THE NEEDS ASSESSMENT, BUT TO TAKE THE NEEDS ASSESSMENT AND, AND, AND MEET AS A BODY AND SAY, HEY, DO WE HAVE ANY RECOMMENDATIONS? YOU KNOW, ARE WE, DO WE NEED MORE SIDEWALKS? DO WE NEED MORE UMAS BASED OFF THE NEEDS? DO WE THINK THOSE ARE IMPORTANT ENOUGH TO RAISE AND, AND, UH, PROVIDE A RECOMMENDATION TO COUNCIL? RIGHT.
UM, THAT I THINK IS, IS, IS A BIG PART OF OUR CHARGE AS WELL.
IN ADDITION TO THAT, SINCE YOU, YOU MENTIONED THAT WE DO HAVE, WE DID PREVIOUSLY HAVE SOME LITTLE BIT OF PURVIEW AS FAR AS, YOU KNOW, WHAT GETS WRITTEN ON THE BALLOT.
IS IT POSSIBLE FOR US TO WRITE A COUPLE GUIDELINES SUCH AS SPECIFICITY, WHICH IS ONE THING THAT WE HAD TALKED ABOUT LAST TIME ABOUT LIKE THE LANGUAGE IS NOT SO SPECIFIC SO THAT IT DOESN'T HAVE AN ACTUAL PROPER DELIVERABLE.
SO IS IT POSSIBLE TO HAVE GUIDELINES THAT WE SET OUT AND PROPOSE TO THE CITY COUNCIL THAT SAYS THE BOND LANGUAGE HAS TO BE CERTAIN SPECIFIC THAT OUTLINES A SPECIFIC GOAL, A WAY TO FIGURE OUT WHEN DONE IS DONE, AND KIND OF, AND MAKING SURE THAT DUE DILIGENCE IS DONE BEFORE IT'S PUT ON THE BALLOT? YEAH, I THINK, I MEAN, THERE ARE, YOU KNOW, COMMITMENTS TO THE VOTERS, RIGHT? THAT, UM, I THINK ARE NOW INCLUDED GOING FORWARD IS A GOOD THING TO HAVE INCLUDED GOING FORWARD.
I THINK, UM, YOU KNOW, THOSE, THAT LANGUAGE NEEDS TO BE COMPLETELY ANALYZED AND ASSESSED THAT, SO WE'RE NOT OVERCOMMITTING RIGHT
[00:15:01]
TO WHERE WE ARE TODAY, IT SEEMS LIKE.UM, BUT YEAH, I THINK, YOU KNOW, BEFORE IF THE LANGUAGE WAS A LITTLE DICEY TOO, OR JUST CONFUSING, RIGHT? WE, WE WOULD LOOK AT IT AND SAY, HEY, THIS, THIS, THIS MAY NOT MAKE SENSE TO A LOT OF THE VOTERS.
CAN WE, YOU KNOW, UH, DRAW IT OUT SOME MORE? OR IS IT TOO SPECIFIC OR TOO BROAD OR TOO NARROW TYPE THING? I THINK, I THINK THOSE ARE THINGS WITHIN OUR PURVIEW BASED ON THE CHARGES AS FROM MY EXPERIENCE.
DID, I GUESS IN THE PAST WHEN YOU WERE TALKING ABOUT THE NEEDS ASSESSMENT, I MEAN, I THINK THAT ALSO GOES HAND IN HAND WITH MONITORING THE CURRENT BOND SPENDING AND WHAT'S BEING DONE CURRENTLY TO THEN FIT IN WITH THE FUTURE NEEDS.
SO TO ME, THOSE THINGS FIT PERFECTLY TOGETHER.
I DON'T KNOW IF THAT'S HOW THE PROCESS WORKED BEFORE, BUT SEEMS LIKE IT, IT SHOULD OR COULD BE IN TERMS OF, UM, WE'RE NOT CREATING MOTIONS, BUT I DO AGREE THAT I LIKE A LOT OF THINGS THAT WE'RE SAYING ABOUT GETTING MORE INVOLVED WITH THE LANGUAGE ON THE BALLOT TO MAKE SURE THAT VOTERS UNDERSTAND WHAT THEY'RE VOTING FOR.
UM, I GUESS MY QUESTION WOULD BE WHAT DOES THE TIMELINE LOOK LIKE THEN? LIKE WHEN WE'RE PLANNING OUR AGENDAS, AT WHAT POINT DO WE NEED TO ENGAGE EITHER COUNCIL MEMBERS OR LIKE, WHEN DOES BALLOT LANGUAGE GET SET SO THAT WE CAN BE IN ADVANCE OF KNOWING THAT? SO WE CAN MAYBE PROVIDE COMMENTS OR PROVIDE CLARITY OR PROVIDE WHATEVER'S NEEDED OR LIKE WHAT RECOMMENDATIONS IF WE DID NEED NEW SIDEWALKS GOING WITH THAT, UH, EXAMPLE, AT WHAT POINT DOES IT MAKE SENSE FOR US TO PUT THAT AS AN AGENDA ITEM OF LIKE, IF YOU'VE NOTICED NEEDS IN YOUR SECTOR OR DIVISION, PLEASE BRING THOSE FORTH AT THIS MONTH AGENDA SO THAT WE HAVE TIME TO BRING IT TO COUNCIL SO WE HAVE TIME TO BRING IT TO LIKE A BALLOT, ET CETERA.
I'D LIKE TO JUST LIKE THINK THROUGH WHAT THOSE TIMELINES LOOK LIKE IN PLANNING FUTURE AGENDAS.
AND TO ADD TO THAT, I GUESS IT'S LIKE A QUESTION OF HOW DOES THE INTAKE PROCESS FOR THESE BOND PROPOSALS LOOK LIKE? I THINK WE'VE STARTED A CAN OF WORMS.
I, I THINK WE JUST GOT INTO THE DISCUSSION.
SO ONE OF THE, UM, PRIORITIES FOR OUR NEW DEPARTMENT, SO CAPITAL DELIVERY SERVICES WAS CREATED THIS, UM, PAST SPRING MARCH, I GUESS WE WERE OFFICIAL ONE OCTOBER, BUT ONE OF THE CHARGES FROM, UM, THE CITY MANAGER WAS ON THE EXECUTION SIDE.
SO TO MAKE SURE THAT THE CAPITAL PROJECTS THAT WERE FUNDED AND WERE MOVING FORWARD WERE COMPLETED IN A TIMELY MANNER THAT THE COMMUNITY WAS RECEIVING THE BENEFIT OF THE PROJECTS THAT THEY AGREED TO FUND.
UM, AS A SECOND, AND THERE'S SEVERAL INITIATIVES THAT WE'RE LOOKING AT, IS ON THE FRONT END AND PUTTING TOGETHER BOND ISSUES IN THE PAST HAS BEEN, UM, THE PROCESS FROM NEEDS IDENTIFICATION OR, UM, REQUIREMENTS IDENTIFICATION BY THE VARIOUS DEPARTMENTS UP TO THE POINT WHERE THERE WAS A, UM, A, A FIVE-YEAR CAPITAL INVESTMENT PROJECT, AND THEN PARTICULAR LINE ITEMS WERE PULLED FROM THAT, UM, FULL LIST TO PACKAGE UP AS A, A BOND ISSUE LIKE WE DID WITH MOBILITY PROGRAMS IN 20 16 20 18.
2020 WAS, UM, BASED ON CURRENT CIRCUMSTANCES.
SO PRIORITIES AT THE TIME GENERALLY SHAPED THOSE REQUIREMENTS MOVING FORWARD.
WHAT OUR DEPARTMENT'S BEEN ASKED TO DO NOW IS SORT OF EXACTLY WHAT THE COMMISSIONERS WERE JUST GETTING AT.
HOW DO WE, UM, FORMALIZE THAT PROCESS? HOW DO WE, NOT ONLY HOW DO WE NOT REACT TO THE, THE CURRENT NEEDS, BUT HOW DO WE TAKE THAT LONG RANGE APPROACH? SO WE'RE GONNA BE LOOKING FORWARD THE DEPARTMENTS TO REPRESENT THE, UM, WE'RE GONNA CALL THEM ASSET OWNERS RATHER THAN SPONSOR DEPARTMENTS.
AND WE EXPECT, UM, TRANSPORTATION PUBLIC WORKS ON BEHALF OF OUR, UM, TRANSPORTATION NETWORKS, UH, AUSTIN WATER ON BEHALF OF THE WATER DISTRIBUTION NETWORK PARKS TO SPEAK TO PARKS INFRASTRUCTURE FOR THEM TO BE THE EXPERT, TO KNOW WHAT THEY NEED, WHEN THEY'RE GONNA NEED IT, UM, HOW TO MAINTAIN IT, WHAT THOSE COSTS ARE.
AND THEN THE EXPECTATION IS OUR DEPARTMENT NOW WILL TAKE ON A, A ROLE THAT FINANCE USED TO PLAY IN CRAFTING WHAT THAT NEXT BOND ISSUE COULD LOOK LIKE BASED ON THOSE NEEDS.
SO WE ARE SORT OF AS WE SPEAK, SO AS THIS COMMISSION SORT OF LAYS OUT WHAT THAT PLAN'S GONNA LOOK LIKE, OUR DEPARTMENT IS DOING THAT ON BEHALF OF THE CITY, UM, DIRECTOR SNOW IS PUTTING TOGETHER WHAT THAT PLAN IS PROBABLY GONNA LOOK LIKE, WHAT THE TIMELINE WILL BE.
AND IN GENERAL TERMS, UH, OR BROAD TERMS, IF WE'RE LOOKING AT, UM, NOTIONALLY A 2026 BOND ISSUE, WE'RE WORKING
[00:20:01]
REVERSE ENGINEERING THE TIMELINE BACK TO SAY BY EARLY 2025, THEN WE SHOULD HAVE THAT, UM, STRAW MAN LIST OF WHAT THOSE PROJECTS ARE BASED ON ALL THE DIFFERENT ASSET OWNER DEPARTMENTS REQUIREMENTS.SO WHAT HAPPENS BETWEEN NOW AND THAT EARLY 2025 IS REALLY GOING TO, UM, DETERMINE HOW SUCCESSFUL THAT LIST IS.
AND I THINK ABSOLUTELY AS WE LAY OUT WHAT THAT PROCESS IS, WHAT ARE THE CRITERIA, HOW ARE WE GONNA SCORE THOSE REQUIREMENTS, UM, HOW DO WE ESTABLISH MUCH STRONGER PRELIMINARY ESTIMATES SO THAT ONCE WE PROPOSE A PROJECT AND IT MAKES THAT LIST FOR A POTENTIAL BOND ISSUE, WE CAN SAY WITH, YOU KNOW, 90% CERTAINTY THAT IT'S GONNA, IT'LL TAKE THIS LONG TO BUILD, IT'LL COST THIS MUCH, AND HERE'S WHAT THE SCOPE WILL BE.
SO THERE'S A LOT OF HOMEWORK THAT'S GONNA GO INTO THAT.
AND I THINK, UM, WE'RE LAYING OUT THAT PLAN NOW OVER THE NEXT FEW MONTHS SO THAT WE CAN BUILD DURING FY 24 AND INTO CALENDAR YEAR, THROUGHOUT CALENDAR YEAR 2024, WHAT THAT LIST IS GONNA LOOK LIKE.
SO, I, I CAN'T ROLL OUT THE DETAILS RIGHT NOW, BUT I CAN TELL YOU IT'S, UM, DEFINITELY A WORK IN PROGRESS.
AND I THINK WITH OUR RELATIONSHIP WITH THIS COMMISSION, WE CAN CERTAINLY, UH, INFORM YOU AS WE GO AND CERTAINLY INVITE YOUR FEEDBACK OR, UM, LET YOU HAVE A, A TRANSPARENT OR A LOT MORE VISIBILITY INTO HOW THAT WORKS.
HOW DOES THAT RELATE TO THE CAPITAL IMPROVEMENT PLAN? THE REQUIREMENTS FROM ALL THE DEPARTMENTS THAT USED TO GENERATE THE CAPITAL IMPROVEMENT PLAN WILL NOW, THOSE SAME REQUIREMENTS FROM THE CAPITAL IMPROVEMENT PLAN WILL INFORM WHAT GOES ON TO THAT BOND, UM, THAT NEW BOND ISSUE OR THAT PROPOSED BOND.
SO THE CAPITAL IMPROVEMENT PLAN WILL BE HOLISTIC, IT'LL BE ALL THE DEPARTMENT'S NEEDS, EVERYTHING THEY'RE AWARE OF, UM, OUT INTO THE FUTURE DEVELOPING THAT SPECIFIC, UM, BOND ISSUE FOR THE TARGETED YEAR.
WE'RE LOOKING AT 20 26, 20 28, WE'LL TAKE INTO CONSIDERATION HIGHEST PRIORITY NEEDS, UM, WHERE THERE ARE SOME, UM, HOW WE CAN LEVERAGE OTHER PROJECTS, OTHER, UM, AGENCIES THAT ARE DOING SOME WORK THAT WE CAN PARTNER WITH.
SO WE'LL, THE CAPITAL IMPROVEMENT PROGRAM WILL STILL EXIST AND BE COMPREHENSIVE.
HOW WE TARGET AND CARVE OUT THE ONES THAT WE WANT TO ATTACK FOR THAT SPECIFIC BOND ISSUE WILL BE BASED ON, AGAIN, THAT SCORING MODEL WE'LL COME UP WITH, UM, HOW WE CAN LEVERAGE OTHER OPPORTUNITIES, UM, WHERE WE CAN LOOK FOR GRANTS, OTHER THINGS THAT WILL MAKE AN ATTRACTIVE PACKAGE AND EXECUTABLE PACKAGE FOR THAT PARTICULAR YEAR.
SO IT'LL BE A SUBSET OF THAT CAPITAL PROGRAM.
HAS THE, UH, BOND OVERSIGHT COMMISSION TRADITIONALLY LOOKED AT THE CAPITAL IMPROVEMENT PLAN? SO I, I COULD ANSWER HISTORICALLY.
WE HAVE, UM, UH, AND, UM, I DON'T KNOW THAT WE'VE MADE ANY STRONG RECOMMENDATIONS BASED ON WHAT WE SAW BECAUSE THE, THERE ARE ALREADY BOND PROGRAMS, UH, SORT OF IN MOVEMENT, YOU KNOW, WITH THE MOBILITY BOND, I FEEL LIKE THERE'S, THERE'S BEEN BOND PRO PROJECTS ALREADY IDENTIFIED AND KIND OF SHUFFLED THROUGH COUNCIL, RIGHT? UM, AND ASIDE FROM THE 2020, YOU KNOW, THE, THE BOND ELECTION ADVISORY TASK FORCE, UM, IN 2020, I THINK, UM, OR 2018 RATHER, I THINK, UM, THEY, UH, THERE HA THERE HAS NOT BEEN A TASK FORCE, I DON'T THINK, UH, EN ENGAGED IN ANY OF THE BOND PLANNING.
UM, SO WE MAY NEED TO GET BACK TO THAT.
I, YOU KNOW, I, I WANNA MAKE SURE THAT THERE AS PART OF, THERE'S THE CITY NEEDS, RIGHT? AND THERE'S THE, THE, THE PUBLIC INPUT AS WELL, RIGHT? THAT THERE'S GOTTA BE A MECHANISM FOR THAT.
UM, AND SO, YOU KNOW, BETWEEN THE TWO, THEY'VE GOTTA MESH, RIGHT? UM, JUST TO MAKE SURE EVERYTHING IS ALIGNED.
SO, UH, WE WANNA, WE, I WANT TO HEAR IDEAS FROM STAFF ON THAT AS WELL AND WHAT THAT LOOKS LIKE.
UM, WE KNOW THERE'S, UH, YOU KNOW, FORMAL NEEDS ASSESSMENT, RIGHT? BUT THERE'S, THERE'S, THERE'S THINGS THAT THE COMMUNITY HAS CALLED OUT AS WELL THAT MAY NOT BE AS PRIORITIZED ON THE CITY'S LIST, BUT IT IS FOR A SPECIFIC AREAS, RIGHT? UM, AND MAYBE THE NEEDS ARE, ARE NOT, ARE NOT AS KNOWN, RIGHT? UH, ON THE CITY'S END.
SANTIAGO, CAN I ASK A QUESTION? SURE.
UM, I HAVEN'T BEEN HERE IN A MINUTE, BUT FROM MY RECOLLECTION OF, UH, BEING ON THIS COMMISSION, WE TYPICALLY HEAR FROM THE CITY ON WHAT THEY ARE CURRENTLY DOING OR THE BONDS THAT HAVE ALREADY PASSED AND HOW THAT'S GOING.
SO IN THE PAST, WE'VE SERVED AS MORE OF A MONITOR OF HOW THE MONEY'S BEING SPENT, NOT NECESSARILY AS, UM, NOT NECESSARILY AS LIKE, NOT INFLUENCERS, BUT LIKE, UM, INPUT.
WE HAVEN'T REALLY, IS THAT, IS THAT WHAT YOU'RE ASKING IS LIKE, IS THERE A SPACE FOR US TO PROVIDE MORE INPUT MOVING FORWARD INSTEAD
[00:25:01]
OF JUST MONITORING WHAT'S ALREADY HAPPENING? YEAH, YEAH, EXACTLY.I THINK, YEAH, WHEN, WHEN I JOINED, YOU KNOW, IT WAS, THERE WAS A LOT GOING ON AND SO WE WERE JUST TRYING TO GET OUR ARMS AROUND THE DATA AND, AND HOW TO BEST MONITOR, RIGHT? AND SO WE CAME UP WITH THE FORMAT FOR THE DEPARTMENTS FOR REPORTING, AND WE REALLY GOT OUR ARMS AROUND, UM, YOU KNOW, UH, PROJECTED FORECAST SPENDING AS IT SHOULD BE, WHAT IT WAS, WHAT IT IS TODAY, WHAT ARE THOSE IMPENDING FACTORS, RIGHT? UM, MOBILITY BOND CAME THROUGH ANOTHER TRANSPORTATION, YOU KNOW, IT, WE, WE HAD ALL OF THESE PROJECTS.
WE, WE, WE HADN'T REALLY BEEN AS ENGAGED, UM, FROM A NEEDS ASSESSMENT PERSPECTIVE.
AND SO, UM, UM, NOW THAT WE'VE, I MEAN, IT SOUNDS LIKE WE'RE TAKING A BREATH ON THE, THE, THE, THE BOND PROGRAMS HERE, NEW WISE, RIGHT? I THINK IT'S A GOOD IDEA FOR US TO GET OUR, OUR, UH, PROCESS DEVELOPED, RIGHT? TO GET REENGAGED IN THE NEEDS ASSESSMENT, UM, JUST TO MAKE SURE THAT, YOU KNOW, ALL THE DISTRICTS ARE BEING REPRESENTED FULLY, UM, AND THAT THE NEEDS ASSESSMENT MAKES SENSE.
AND I, I WAS ASKING ABOUT THE, THE CIP BECAUSE, UH, SO OFTEN, UM, THE PRESENTATIONS THAT WE'VE GOTTEN FROM DEPARTMENTS ARE BASICALLY A, A REVIEW OF WHAT THE PROJECT IS, AND THAT'S KINDA HISTORY AT THIS THAT POINT.
UM, BUT THERE'S NOTHING FOR, UH, THERE'S NO, NO INPUT REQUESTED OR DESIRED ON WHAT THE PROJECT IS BECAUSE THE PROJECT IS WHAT WAS DESCRIBED ON THE BOND BALLOT.
UM, AND I WAS THINKING MAYBE THAT THE, IF THERE WAS A REVIEW OF THE CIP THAT WOULD GIVE THE BOND OVERSIGHT COMMISSION A BROADER PICTURE OF WHAT THE CAPITAL PROGRAM IS AND WHAT PROJECTS ARE IN THERE.
SO WE WOULDN'T NEED THAT PIECE OF IN, WE WOULDN'T NEED THAT INFORMATION SO MUCH, UH, AS WE WERE ACTUALLY MONITORING PROJECTS.
'CAUSE WE WOULD BE MORE FAMILIAR WITH THE PROJECT, BUT THAT JUST, IT IS JUST A THROWING OUT ANOTHER IDEA.
I MEAN, IT'S, IT'S REALLY IMPORTANT FOR US TO MONITOR, RIGHT? TO UNDERSTAND, UM, YOU KNOW, WE TRUST THAT EVERYBODY'S DOING THE RIGHT THING, BUT I THINK IT'S GOOD FOR THIS BODY TO HAVE A HOLISTIC PERSPECTIVE VIEWPOINT OF THE DATA, RIGHT? AND, UM, YOU KNOW, THERE'S THINGS AS WE'RE LOOKING AT ALL THE PROGRAMS THAT WE CAN CONNECT DOTS AND, AND, AND KIND OF ASSESS, RIGHT? AND FOLKS CAN KIND OF DIG INTO SPECIFIC PROJECTS WITHIN THEIR DISTRICTS TO ASK SPECIFIC QUESTIONS TO RELAY BACK TO THEIR FOLKS, RIGHT? UM, BUT I THINK, UH, YOU KNOW, ASIDE FROM THE MONITORING, THE, UM, I THINK THERE'S JUST BEEN AN AGENDA ON, ON HISTORICAL BOND PROGRAMS, RIGHT? UM, THAT THIS BODY DIDN'T NECESSARILY HAVE AN OPPORTUNITY TO WEIGH IN, RIGHT? IT'S, UM, YOU KNOW, EITHER THE, UH, YOU KNOW, SOMEBODY SPEARHEADED IT AND KIND OF PUSHED IT THROUGH AND IT GOT VOTED ON AND HERE WE ARE, RIGHT? UM, I THINK, YOU KNOW, THE 2018, UH, GEO BOND PROGRAM WAS PROBABLY THE LAST OPPORTUNITY WHERE THERE WAS LIKE A LOT OF PUBLIC ENGAGEMENT.
THERE WAS A TASK FORCE THAT I WAS ACTUALLY ON.
AND SO I, I, I SAW THE PROCESS, RIGHT? AND SO, UM, THE CITY CAME WITH THEIR NEEDS ASSESSMENT.
UM, YOU KNOW, WE DID A RANKING, UM, WITH CITIZENS FROM THE COMMUNITY, YOU KNOW, IT WAS A VERY INVOLVED PROCESS, BUT VERY EFFECTIVE I THOUGHT.
UM, AND SO I THINK, I THINK, YOU KNOW, UM, THIS BODY COULD, COULD HAVE A HAND IN BEING THAT, YOU KNOW, POTENTIAL VOICE FOR THE COMMUNITY IF THERE'S NEEDS, YOU KNOW, DIRECTLY, UM, THAT WAY OR, UH, JUST WORKING WITH THE CITY ON THE TIMING, RIGHT? THERE'S A CYCLE TO ALL OF THIS, RIGHT? AND WE NEED TO REALLY LEARN WHAT THAT CYCLE IS.
UM, SO WE'RE ENGAGED AND, AND WE'VE GOT ALL THE RIGHT, RIGHT, UH, INFORMATION AT THE RIGHT TIME, NOT NECESSARILY AFTER THE FACT, RIGHT? I MEAN, I WOULD WANNA ECHO THE FACT THAT IT'S IMPORTANT FOR US TO BE THERE BEFORE IT GETS VOTED ON.
'CAUSE THEN WE'RE LEFT WITH A INITIATIVE THAT IS NEBULOUS THAT WE CAN'T ACTUALLY ENFORCE.
OR THEY, WE CAN'T ACTUALLY SAY, THIS GOES FOR THIS.
I MEAN, IF WE GO FOR LIKE, WE NEED NEW SIDEWALKS, NO SPECIFICITY OF WHERE, NO SPECIFICITY OF WHERE WE'RE GETTING FUNDS FROM OR WHAT IS BEING PAUSED FOR THAT, THAT JUST LEAVES US IN A, THAT JUST LEAVES US IN A REALLY BAD SITUATION.
SO IT'S VERY IMPORTANT FOR US TO BE ABLE TO MITIGATE THAT BY MAKING SURE THAT THE LANGUAGE THAT'S GONNA GO OUT TO THE VOTERS IS CLEAR, IS SPECIFIC ENOUGH TO ACTUALLY BE ABLE TO MAINTAIN THOSE GOALS.
AND ALSO, LIKE, ALLOWS US TO BE ABLE TO SEE IF IT IS EQUITABLE, IF IT IS HITTING THE RIGHT AREAS.
AND, YOU KNOW, AND, AND YEAH, AND JUST BASICALLY GENERAL,
[00:30:02]
GENERALLY IF IT IS A, UH, VALID CONCERN.AND THANK YOU FOR ALL THOSE PROCEED,
UH, SO TO FOLLOW UP ON A, A FEW POINTS OR TRY TO TIE A FEW THINGS TOGETHER, UM, THAT MACRO LEVEL SCHEDULE OR THE, THE CYCLE THAT WE ARE, WE WOULD LIKE TO SEE THE CITY MOVE TOWARD IS MORE OF A, UM, REGULAR PREDICTABLE, UM, FIVE OR SIX YEAR, UH, BETWEEN, UM, A BOND PROGRAM OR A BOND APPROVAL.
AND THAT PROGRAM STARTING TO BEING ABLE TO EXECUTE EVERYTHING AND DELIVER.
AND I THINK ONE OF THE REASONS WHY WE MAY LOOK AT 2026 AS A ATTRACTIVE TARGET IS THERE'S A LARGE AMOUNT OF, UM, MOBILITY BOND DOLLARS STILL OUT THERE FROM PREVIOUS BOND ISSUES.
AND OUR PRIORITY RIGHT NOW IS EXECUTING.
UM, AGAIN, ONE OF THE REASONS FOR OUR NEW DEPARTMENT IS TO ACTUALLY EXECUTE AND DELIVER THE MONEY THAT'S ALREADY BEEN COMMITTED TO, TO MEET THOSE AGREEMENTS WITH THE VOTER.
SO WE, WE HAVE A FEW MORE YEARS, UH, AHEAD OF US TO COMPLETE EVERYTHING THAT WE'RE ALREADY COMMITTED TO.
AND THAT SHOULD PUT US IN A GOOD POSITION TO HIT 2026.
BUT TO BACK THAT UP A LITTLE BIT BETWEEN NOW AND THEN, SOME OF THE THINGS THAT THE COMMISSION'S RAISED NOW OF, UM, WHAT'S THE APPROPRIATE TIME TO REVIEW THE, THE FULL, UM, CIP PROGRAM? AND THEN AS YOU START PUTTING THE CANDIDATES TOGETHER FOR THAT TARGETED BOND ISSUE, UM, HOW DO WE GET THE COMMUNITY INPUT? WHAT'S OUR COMMUNITY ENGAGEMENT? WHAT'S OUR, UM, WHAT IS OUR SCORING CONSIDER, BUT WHAT, WHAT ARE THOSE OPPORTUNITIES TO REALLY CRAFT OR TARGET THE, THE MOST SUCCESSFUL PACKAGE? AND I THINK WE HAVE ENOUGH TIME IN FRONT OF US NOW WHERE WE COULD PUT TOGETHER THAT PLAN, THAT PROGRAM, AND START WORKING THROUGH IT.
SO A FULL YEAR OUT, UH, PRIOR TO THAT BOND ELECTION, WE COULD HAVE A, A LIST THAT'S BEEN VETTED THAT'S GONNA TARGET THE, THE MOST VALUABLE, UM, PROJECTS BOTH FOR, FROM THE CITY STANDPOINT, FROM THE DEPARTMENTS AND THEIR INFRASTRUCTURE AS WELL AS THE COMMUNITY NEEDS.
SO I, I THINK A LOT OF THE COMMENTS THAT WE'VE ALREADY HEARD ARE SPOT ON IN TERMS OF THE DIRECTION THAT, UM, THE CITY'S TRYING TO GO AND, AND MOVE AND, YOU KNOW, DO SOME OF THE THINGS THAT YOU MENTIONED WERE SUCCESSFUL IN THE 2028 VETTING AND HOW WE CAN CAPTURE THAT AND REALLY FORMALIZE IT.
SO, UM, THANK YOU FOR THOSE COMMENTS.
ONE OTHER, ONE OTHER PIECE OF INFORMATION, UH, YOU KNOW, I COMMISSIONER TRAINING, IT'S NOT
SOMETIMES THE CITY ALSO HAS SOME FINANCIAL POLICIES THAT COUNCIL HAS ADOPTED OVER A PERIOD OF TIME.
UH, COUNCIL CAN CHOOSE TO SET ASIDE A POLICY, BUT THEY HAVE ADOPTED SOME POLICIES.
AND SOME OF THOSE POLICIES DEAL WITH THIS VERY THING IN TERMS OF WHEN WE WILL HAVE BOND ELECTIONS BASED ON HOW MUCH, UH, HOW MANY, UH, PROJECTS ARE ALREADY AUTHORIZED BUT NOT COMPLETED SO THAT WE DON'T, UM, THE FINANCIAL POLICY IS DESIGNED, UH, TO NOT PUT US IN THE POSITION WHERE WE'VE CREATED THE IMPRESSION THAT WE'RE GONNA DELIVER MORE PROJECTS THAN WE ACTUALLY CAN, WHETHER THE VOTERS APPROVE THEM OR NOT, UH, JUST BECAUSE OF OUR LIMITATION ON HOW MUCH WE CAN GET DONE.
UM, SO PART, PART OF WHAT WE, IN LEARNING MORE ABOUT THE SCHEDULE AND THE PROCESS AND THE CYCLE, PART OF, PART OF WHAT, PROBABLY WHAT WE SHOULD TAKE A LOOK AT IS THOSE EXISTING FINANCIAL POLICIES.
'CAUSE I THINK THOSE HAVE SORT OF BEEN OBLIQUELY REFERRED TO IN THEIR DISCUSSION OF WHEN THE NEXT BOND ELECTION, UH, COULD BE OR SHOULD BE.
THEN FOR THE PAST LITTLE BIT WE'VE BEEN DISCUSSING THIS, I THINK WE'VE BEEN ADDRESSING THIS, UM, FIRST QUESTION VERY, VERY WELL.
SO IN, IN LIGHT OF THE CHARTER, WHAT WHAT DOES THE COMMISSION BELIEVE IS A SUCCESSFUL OUTCOME? AND, AND SOME OF THE POINTS HERE, UM, JUST TO GIVE A QUICK RECAP, ARE, UM, SETTING OURSELVES UP, SETTING THE CITY UP FOR SUCCESS BY INCREASING THE PROBABILITY OF A SUCCESSFUL BOND ELECTION.
MAKING SURE THAT OUR BOND RATING IS STRONG, BECAUSE THOSE ARE BOTH INDICATORS THAT WE'RE MANAGING, UM, THE CITY RESOURCES WITHIN OUR, UM, LIMITS.
UM, THE SECOND BULLET IS TAKING WHAT A LOT OF THIS DISCUSSION WAS FOCUSED ON, INSTEAD OF, UM, JUST BEING REACTIVE OR MONITORING THE BOND PROJECTS THAT ARE IN PROGRESS,
[00:35:01]
BEING ABLE TO, UM, LOOK OUT INTO WHAT THE, THE FUTURE POTENTIAL IS OF UPCOMING BOND ISSUES AND HOW WE CAN SHAPE THOSE.THE BOND OVERSIGHT COMMITTEE SHOULD TAKE THAT HOLISTIC LOOK OVER THE ENTIRE BOND PROGRAM, RATHER THAN NECESSARILY LOOKING AT A SINGLE, UM, ASPECT OR A SINGLE DEPARTMENT AND LOOK AT THOSE DIFFERENT COMPONENTS.
UM, HOW, SO THIS IS SORT OF THE TRACKING PIECE THAT WILL PROBABLY ALWAYS BE A PART OF THIS COMMISSION THOUGH, ONCE A BOND IS ISSUED AND A PROJECT IS MOVING FORWARD, IS THE OVERSIGHT FUNCTION IS, IS BEING DELIVERED ON TIME WITHIN BUDGET? UM, ARE ARE THERE ANY VARIANCES THAT WE NEED TO BRING TO THE COUNCIL OR THE PUBLIC'S ATTENTION? AND THEN, UM, THE FOURTH BULLET AGAIN REFLECTS ON THE FACT THAT IF THE COMMISSION WAS INVOLVED EARLIER ON IN THE PROCESS AND COULD HELP, UM, SHAPE OR, UM, DRIVE WHAT THAT FINAL, WHAT THE LIST OF PROJECTS ARE ON FUTURE BOND, UM, PROPOSALS, THAT WOULD BE A, AN OPPORTUNITY TO, TO ADD VALUE, UM, OR ADD COMMUNITY VOICES TO THIS PROCESS.
SO BEFORE WE SHIFT OVER INTO SOME OF THE SPECIFICS OF WHAT THE COMMISSION NEEDS FROM, FROM THE DEPARTMENTS, FROM THE CITY TO, TO ACHIEVE THIS, IS THERE ANYTHING YOU'D LIKE TO ADD OR, UM, MODIFY OR INCLUDE IN THIS PICTURE OF SUCCESS TO, TO MAKE SURE WE'RE WORKING TOWARD THE, THE RIGHT END? I DO HAVE A, UH, UH, SOMETHING, SOMETHING TO SAY, I GUESS NOW THAT YOU'VE SEGUED IT MIGHT BE MORE APPROPRIATE FOR WHAT WE'RE GOING TO TALK ABOUT.
BUT SEEING IS HOW WE HAVE TAKEN KIND OF THIS AFTER THE FACT MEASUREMENT OF, OKAY, WE HAD THIS MUCH THAT WAS ISSUED THIS MUCH THAT WAS ENCUMBERED FOR THIS PROJECT, THIS MUCH THAT HAS BEEN SPENT WHERE WITHIN BUDGET HERE, WE'RE OVER BUDGET HERE.
I THINK THAT IF WE ARE GOING TO TAKE ON A MORE PROACTIVE, UM, ROLE IN FUTURE ISSUANCES, THAT WE REALLY, YOU KNOW, FOR THE SAKE OF BREVITY AND, AND OUR TIME THAT WE CAN LOOK AT ALL THIS TYPE OF THING ON LEDGER.
AND WE DON'T NECESSARILY NEED TO HAVE, UH, TWO REPRESENTATIVES FROM THE DEPARTMENT, YOU KNOW, THAT HAVE A SCRIPTED, YOU KNOW, WE'LL TALK ABOUT THIS, AND THEN SOMEBODY ELSE WILL TALK ABOUT THIS AND WE SEE EVERYTHING THAT'S GOING ON.
YOU KNOW, WE KIND OF NEED TO FOCUS ON WHAT'S NOT GOING WELL
LIKE FOR INSTANCE, MYSELF IN DISTRICT NINE, YOU KNOW, THE DOUGHERTY ARTS CENTER, I THINK WE LISTENED PROBABLY TO FIVE MONTHS OF EVERYTHING'S GOING FINE.
AND THEN WE HAD THAT ONE DOUGHERTY ARTS CENTER THAT WAS SOMETHING LIKE 200% OVER BUDGET WITH NO SHOVELS IN THE GROUND YET.
SO WE COULD HAVE REALLY SAVED A LOT OF TIME HAD WE JUST FOCUSED ON, YOU KNOW, THE INFORMATION THAT WE NEEDED TO KNOW AS OPPOSED TO THE THINGS THAT, OH, IT'S ALL, YOU KNOW, FLOWERS AND ROSES AND, AND YOU KNOW, WE DIDN'T NEED TO HEAR THAT.
SO THAT WOULD JUST BE, MAYBE, MAYBE THAT'S A GOOD SEGUE INTO WHAT WE GONNA SAY, WHAT SHOULD WE DO MOVING FORWARD? ANYONE ELSE HAVE ANY OTHER COMMENTS? I THINK THESE LOOK LIKE GREAT RECOMMENDATIONS FOR WHAT WE WANT THIS TO LOOK LIKE, SO THANKS.
WELL, IN, IN FACT, THAT WAS A GREAT SEGUE, SO I APPRECIATE IT.
AND SO WE CAN USE THE BALANCE OF OUR TIME NOW TO SAY, IF, IF THIS IS WHAT WE WANNA DELIVER TO THE COUNCIL AND TO THE COMMUNITY, WHAT DO WE NEED TO DO, UM, YOU KNOW, IN INSIDE THESE FOUR WALLS AND GOING FORWARD TO, TO MAKE SURE THAT WE ARE ADDING VALUE, THAT THE COMMISSION IS GETTING THE INFORMATION THEY NEED TO DO TO, TO MAKE DECISIONS, MAKE RECOMMENDATIONS.
SO JUST I'LL, I'LL TRY TO DO A QUICK RE UM, NOT A RECAP, BUT A HIT SOME OF THE HIGHLIGHTS AND THE RECOMMENDATIONS THAT THE COMMISSION HAS, UM, HAS PUT FORWARD AND ALREADY DISCUSSED A LITTLE BIT.
UM, SO THE FIRST BULLET TALKS ABOUT, UM, A, A FEW THINGS THAT WE COULD DO BETTER WITH OUR TIME WHILE WE'RE IN THE, IN THE COUNCIL MEETING OR IN THE COMMISSION MEETINGS.
UM, FOCUS ON THE ENTIRE CAPITAL PROGRAM RATHER THAN JUST LOOKING AT A SPECIFIC, UM, DEPARTMENTAL SET OF PROJECTS.
UM, MAKE SURE WE'RE, WE'RE LOOKING AT THE, THAT STANDARD EVOLUTION OF A PROJECT.
SO WHEN YOU ARE RECEIVING UPDATES TO UNDERSTAND WHERE THE PROJECT IS, WHETHER IT'S IN EARLY DEVELOPMENT IN DESIGN, OR IN, UM, IN CONSTRUCTION, GETTING READY TO TURN OVER, UM, THE, THE EXPECTATION BY YOUR COUNCIL MEMBERS THAT THIS TEAM IS SUPPOSED TO BE THE SUBJECT MATTER EXPERTS.
SO TO REALLY UNDERSTAND THE DETAILS OF THE, OF, UM, EITHER PROPOSED OR IN PROGRESS BOND PROJECTS.
UM, AND TO FOLLOW ON ALMOST EXACTLY WHAT WAS JUST MENTIONED, CAN WE PROVIDE, UM, THE PROJECT UPDATES TO THE, TO THE COMMISSION AHEAD OF TIME SO THAT THE TIME DURING THE MEETING'S MORE OF A PRODUCTIVE DISCUSSION RATHER THAN GETTING
[00:40:01]
AN UPDATE ON THE PROJECT STATUS.UM, SOME OF THOSE THINGS CAN PROBABLY BE DONE THROUGH CORRESPONDENCE.
UM, AND, AND THAT LAST BULLET'S ALMOST A, A RECAP, SOME OF THE PREVIOUS PRESENTATIONS TO THIS COMMISSION HAVE BEEN MORE OF A, THE GOOD NEWS STORY OR DESCRIPTION OF WHAT'S HAPPENING, UM, DURING THAT PARTICULAR SNAPSHOT IN TIME VERSUS THE BIG PICTURE OF WHAT THIS PROJECT IS GOING TO DELIVER AND ARE, ARE THERE ANY SIGNIFICANT ISSUES THAT NEED TO BE ADDRESSED OR BROUGHT UP TO THE COUNCIL'S ATTENTION, UM, TO, TO CLOSE IT OUT, THEN TAKE MORE AS A COMMISSIONER TO TAKE MORE PROACTIVE ROLE IN HELPING STEER POLICY SO THAT EARLIER INVOLVEMENT.
AND FINALLY, I THINK THIS IS THE CAPSTONE RE IS THERE A RECOMMENDATION TO RESTRUCTURE HOW THE MEETINGS ARE CONDUCTED SO WE CAN LOOK AT THAT, UM, OVERALL BOND PROGRAM ON A MONTH-TO-MONTH BASIS VERSUS JUST ROTATING, UM, AMONG THE DIFFERENT DEPARTMENTS AND SPECIFIC PROJECTS ON A MONTH-TO-MONTH BASIS.
WHAT ARE THE METRICS THAT YOU'D LIKE TO SEE SO YOU CAN GET A FEEL FOR, ARE WE HEADING IN THE RIGHT DIRECTION? ARE THERE ISSUES THAT WE NEED TO ADDRESS? AND THAT EXHAUSTS THE COMMENTS WE'VE RECEIVED SO FAR.
SO AGAIN, I'LL OPEN IT UP TO, UM, TO THE COMMISSION FOR ANY COMMENTS, THOUGHTS, UM, WHAT THEY'D LIKE TO SEE.
AND THEN WE CAN START LOOKING AT A STRATEGY TO STRUCTURE THOSE MEETINGS NOW THAT WE HAVE OUR 2024 SCHEDULE SET UP, HOW WE CAN START BRINGING THE RIGHT INFORMATION, UM, TO YOU.
WELL, UM, ONE QUESTION I HAD IS, UH, REGARDING LIKE BEING ABLE TO GET THAT INFORMATION AHEAD OF TIME, AND NOW THAT, I MEAN, ALL OF THE INFORMATION THAT WE'RE GETTING IS PUBLIC.
IS IT POSSIBLE TO HAVE, LIKE PER BOND HAVE SOME KIND OF DASHBOARD THAT WE ARE EACH EXPECTED TO LOOK THROUGH BEFORE THESE MEETINGS, WHICH INCLUDES INCLUSIVE, THE PUBLIC COULD LOOK THROUGH BEFORE THE MEETINGS TO BE ABLE TO PUT THEIR COMMENTS IN AS WELL, THAT WE COULD JUST USE THAT KIND OF AS A STANDARD IS KEEP, YOU KNOW, KEEP ON TRACK.
AND SO IF ANY OF THOSE DASHBOARDS OF FLASHING RED, WE COULD EASILY BRING THEM UP AT THE, AT THE NEXT COUNCIL MEETING OR SOMETHING.
SO WHAT WOULD CONSTITUTE A FLASHING RED? I MEAN, I'M JUST SAYING THAT, UM, NO, I, I I'M TAKING YOU VERY SERIOUSLY, BUT, BUT FROM MY EXPERIENCE, HOW YOU DEFINE THE, WHEN THE LIGHT STARTS FLASHING, I MEAN, GOING BACK TO THE DARTY, THE PRESENTATION WE HAD, THE LIGHT WAS SUPPOSEDLY FLASHING GREEN AT THE END OF THE PRESENTATION, ALTHOUGH THEY WERE SAYING WE HAVE NO PROPOSAL THAT CAN BE BUILT WITHIN THE MONEY WE HAVE, BUT THE LIGHT'S STILL GREEN.
SO I THINK WE HAVE TO BE KIND OF, WE HAVE TO GET INTO THE NITTY GRITTY OF WHEN DOES THAT LIGHT NEED TO BE RED? YEAH.
UH, I MEAN I, THE INTENTION WAS NOT TO SAY, UH, ABSTRACT AT ALL.
THE INTENTION WAS TO SAY THAT THERE IS THIS ONE PLACE WHERE YOU CAN LOOK AT THE DETAILS AND FOLLOW 'EM THROUGH.
IF SOMETHING'S NOT ADDING UP, THEN, THEN WE CAN BRING THAT UP.
IF I COULD ADD, YEAH, I, I LOVE THE IDEA OF A DASHBOARD.
UM, AND, AND I THINK TO YOUR POINT, UH, UH, YOU KNOW, CHARLES, IF WE COULD DEFINE WHAT THAT IS WITH THE, UH, CAPITAL DELIVERY SERVICES GROUP, YOU KNOW, WHAT, YOU KNOW, TIMELINES SPIN DOWN, UH, FORECAST, YOU KNOW, ANY TYPE OF, UH, VARIATION, UH, FROM THAT COULD, COULD CAUSE A YELLOW LIGHT, RIGHT? LIKE THERE'S, THERE'S CERTAIN INDICATORS MONTH BY MONTH, YOU KNOW, FROM, FROM THE SPLIT, FROM FROM THE SPIN PLAN THAT MONTH TO MONTH CAN BE TRACKED, RIGHT? UM, AND IF WE'RE OFF, WE NEED TO KNOW WHY WE'RE OFF AND WHAT'S BEING DONE TO MITIGATE, YOU KNOW? YEAH.
FROM, FROM MY PAST EXPERIENCE, MY PAST EXPERIENCE WITH, UH, BOND PROJECTS AND CAPITAL IMPROVEMENT PROGRAM, WE'RE TALKING ABOUT BIG PROJECTS.
AND SO, UM, YOU KNOW, WE'VE KIND OF ASKED THE QUESTION IN THE PAST, UH, WE'VE ASKED DEPARTMENTS TO PROJECT WHEN THEY'RE GONNA BE FINISHED WITH A PROJECT MM-HMM.
AND, UM, YOU KNOW, THOSE PROJECTIONS COULD BE MADE ON THE BASIS OF, YOU KNOW, IF THE DEADLINE IS, YOU KNOW, SEPTEMBER OF 2024, IT COULD BE FINISHED BY 2024.
DO YOU HAVE, THE OTHER QUESTION IS, DO YOU HAVE A PLAN THAT SHOWS HOW IT'S GONNA BE FINISHED BY 2024? WHAT ARE THE STEPS IN THOSE PLANS? YEAH.
AND WHERE ARE YOU ON MEETING THOSE STEPS? SO, YOU KNOW, IF A, IF A PROJECT'S SUPPOSED TO BE FINISHED BY SEPTEMBER OF 2024 AND IT HAS NOT YET GONE TO PROCUREMENT FOR OUR CONTRACT, YOU DIDN'T GONNA BE FINISHED BY 2024.
YEAH, I MEAN, IN THEORY IT COULD BE, BUT THE REALITY IS, YOU KNOW, THEY'RE, THESE
[00:45:01]
STEPS IN ANY, IN A CAPITAL PROJECT, THEY'RE ALWAYS THE SAME.AND IF THEY ARE FALLING BEHIND ON THE FIRST STEP, THEN THEY'RE ALREADY IN TROUBLE.
IF I, IF I COULD ADD, WE, MAYBE THOSE ARE DEFINED BY THE MILESTONES, RIGHT? YEAH.
MILESTONE THEN, THEN THAT MONTHLY SPIN CHART RIGHT, GETS PUSHED OUT.
THAT'S A RED FLAG, RIGHT? SO I, YOU KNOW, THAT'S JUST, I THINK, UH, EXACTLY YOUR POINT THAT THOSE REQUIREMENTS ARE ALREADY DEFINED PER PROJECT, RIGHT? WE JUST NEED TO PUT SOME MARKERS ON THEM AND, AND, UH, CREATE A DASHBOARD SOMEHOW IS
DOES THAT MAKE SENSE? YEAH, YEAH, ABSOLUTELY.
SO I MEAN, WHAT I, WHAT I, IN WORKING, UH, EFFICIENTLY WITH STAFF, WHAT I'D LIKE TO SEE IS PERSONALLY IS FOR STAFF TO COME UP WITH HOW THOSE THINGS ARE DEFINED.
IT, WHAT WE'RE SAYING IS WE THINK THEY NEED TO BE FI DEFINED AND WE'D LIKE TO SEE SOME WAY OF MONITORING BASED ON BENCHMARKS, UM, AND HAVE STAFF BE THE ONES THAT FIGURE OUT WHAT THOSE BENCHMARKS OUGHT TO BE.
THE OTHER ADVANTAGE THAT I SEE OF BENCHMARKS IS THE OTHER THING THAT IT CAN TELL US IS WHEN MULTIPLE PROJECTS ARE ALL RUNNING INTO TROUBLE WITH THE SAME ASPECT OF THE PROJECT, THEN THAT TELLS US WHERE THERE'S A PROBLEM THAT NEEDS TO BE ADDRESSED IN THE PROCESS.
SO WHETHER IT'S DESIGN OR PROCUREMENT OR WHATEVER, IF MULTIPLE PROJECTS ARE CON CONTINUE TO RUN INTO HICCUPS AT THAT STEP, THEN ONE OF THE THINGS THAT I THINK WE COULD, UH, BE EFFECTIVE AT IS LENDING OUR VOICE, UM, IN TELLING COUNSEL WE BELIEVE THAT THERE'S, THAT THERE'S A PROBLEM THAT NEEDS TO BE ADDRESSED IN THIS PARTICULAR STEP.
UM, IT'S SOMETHING THAT DEPARTMENTS MAY BE, UH, LESS ABLE TO SAY BECAUSE OF THEIR POSITION, BUT, UH, IF WE HAD THE INFORMATION, I THINK THAT WOULD BE A VALUABLE ROLE TO PLAY IN ADVISING COUNSEL ON WHERE WE CAN, WHERE WE THINK THERE MAY BE A PROBLEM.
STEVEN, MY GUESS IS THAT YOU ALL INTERNALLY ARE ALREADY COMING UP WITH YOUR BENCHMARKS BECAUSE THE CAPITAL SERVICE DELIVERY DEPARTMENT WAS SET UP SPECIFICALLY TO DO THE KIND OF THINGS WE'RE ASKING ABOUT.
YOU ALL PROPOSED TO US THE THINGS YOU'RE ALREADY MEASURING THAT ACCOMPLISH WHAT YOU'VE HEARD TODAY.
'CAUSE I DON'T THINK WE WANT YOU TO RECREATE A WHOLE DIFFERENT DASHBOARD, RIGHT? BUT INTERNALLY, IF YOU'VE ALREADY GOT SOMETHING THAT DOES 90% OF THIS, IF YOU COULD SHARE THAT WITH US, THAT'D, I THINK, I THINK THAT WOULD BE HELPFUL.
AND THAT WAS EXACTLY WHAT I WAS TRYING TO SAY AS WELL,
SO JUST TO, THAT'S SHORTER
UM, SOME OF YOU MAY OR MAY NOT BE FAMILIAR WITH A, A PLATFORM WE HAVE CALLED, UM, CPE CAPITAL PROGRAM EXPLORER.
UM, THAT'S AVAILABLE THROUGH, UH, ON THE CITY'S WEBSITE.
IT'S, IT'S A DASHBOARD, BUT IT'S VERY, UM, DETAILED.
SO YOU CAN SEARCH, YOU CAN PULL UP THE 2016 BOND PROGRAM, YOU CAN DRILL DOWN INTO REGIONAL BOND, UH, PROGRAM CORRIDOR, SO FORTH, AND THEN PULL UP ALL THE PROJECTS THAT ARE FUNDED AS PART OF THAT PROGRAM.
AND THIS PLATFORM IS ALSO TIED INTO, UM, GIS SO YOU CAN ACTUALLY LOOK AT WHERE THE PROJECT IS OCCURRING.
UM, IT'S, IT'S A VERY COMPREHENSIVE DASHBOARD AND WHAT ONE OF THE THINGS WE'RE TAKING ON IS, UM, UM, A SIMPLER VERSION THAT'S MORE, UM, LAY PERSON FRIENDLY, WHERE A, A CITIZEN, A COMMISSIONER OR ANYONE COULD, HEY, I, I JUST WANT THAT SNAPSHOT.
I WANNA LOOK AT HOW THE 2016 MOBILITY BOND IS DOING OVERALL AND GET A SENSE FOR, WE'RE 90% SPENT OUT THAT WE'RE GONNA MEET OUR TARGETS TO GET EVERYTHING DONE.
UM, IF THERE IS A LIST OF PROJECTS, YOU ONLY NEED TO SEE THE TOP LEVEL WHERE THERE MAY BE A RED.
SO WE'RE, WE'RE BUILDING THAT OUT RIGHT NOW.
WE HAVE AN EXISTING PRODUCT, WE THINK WE CAN COME UP WITH A BETTER ONE.
AND WE JUST WANNA MAKE SURE THAT ALL OUR PROJECT INFORMATION IS ACCURATE BEFORE WE SPEND, YOU KNOW, WE DON'T WANT TO BUILD THE FERRARI DASHBOARD WHILE THE, THE DATA THAT'S UNDERLYING IT IS, UM, OUTDATED.
SO WE'RE, WE'RE DOING THOSE THINGS IN PARALLEL.
UH, THE OTHER THING THAT I THINK IS A DIRECT ANSWER TO WHAT YOU'RE ASKING FOR IS, UM, UH, A SERIES OF MEETINGS THAT WE'VE
[00:50:01]
STARTED NOW WITH OUR ASSET OWNERS.UM, WE CALL IT A PROJECT HEALTH ASSESSMENT.
AND WE'RE ROLLING IT OUT SLOWLY 'CAUSE WE WANNA MAKE SURE WE GET IT RIGHT.
BUT RIGHT NOW WE HAVE OVER 500 CAPITAL PROJECTS THAT ARE IN THE PIPELINE AT SOME STAGE.
SO WE DECIDED WE'RE GONNA FOCUS ON OUR MOBILITY PROGRAM FIRST.
SO WE'RE PARTNERING WITH, UM, OUR, OUR MAIN CUSTOMER TRANSPORTATION PUBLIC WORKS AS THE, THE OWNER, UM, WHO'S, WHO WILL RECEIVE THE INFRASTRUCTURE WE'RE BUILDING THROUGH THE MOBILITY BONDS.
UM, WE'RE MEETING WITH THEM MONTHLY AND WE'RE PROVIDING JUST THE SAME TYPE OF INFORMATION YOU'VE TALKED ABOUT.
SO THEY SIT ACROSS THE TABLE FROM US AS OUR CUSTOMERS, OUR ASSET OWNERS, UM, OUR PROJECT MANAGERS FROM CAPITAL DELIVERY SERVICES HAVE THE MOST CURRENT INFORMATION ON WHAT'S GOING ON WITH EACH OF THE PROJECTS.
AND THEN WE ALSO INVITE OUR, OUR PARTNER STAKEHOLDER, OUR, THE OTHER PLAYERS WHO ARE NOT PART OF OUR DEPARTMENT OR THE CUSTOMER.
SO, UM, DSD FOR PERMIT ISSUES, UM, FINANCIAL SERVICES FOLKS WILL BE ABLE TO TALK ABOUT PROCUREMENT ISSUES.
SO WE HAVE EVERYONE IN THE ROOM AT THE SAME TIME ONCE A MONTH.
AND WE CAN GO THROUGH THAT HIGH LEVEL, HOW'S THE PROGRAM DOING? UM, AND WE'RE DEFINING EXACTLY WHAT RED, YELLOW, GREEN MEANS, UM, TO MAKE A MEANINGFUL DECISION.
AND THEN WE SHIFT INTO A DISCUSSION OF SPECIFIC PROJECTS THAT ARE HAVING ISSUES, NEED SOME KIND OF DECISION OR SOME KIND OF RESOLUTION.
SO WE'RE GONNA GET THIS PROCESS DOWN USING TPW AND THE MOBILITY BONDS, UM, WITHIN THE NEXT COUPLE MONTHS.
AND THEN WE'RE GONNA START EXPANDING THE, OPENING UP THE APERTURE A LITTLE BIT.
AND WE'LL START THE SAME THING WITH OUR OTHER DEPARTMENT CUSTOMERS.
SO AUSTIN WATER, UM, PARKS, WE'LL START HAVING THOSE SAME KIND OF UPDATES.
SO I THINK WE CAN USE THOSE SESSIONS TO INFORM YOU ALL.
AND IT'LL PROBABLY BE GRADUAL, WE'LL HAVE A LOT OF GOOD CURRENT INFORMATION ON THE MOBILITY PROGRAM AND THOSE BONDS NOW BECAUSE THAT'S WHAT OUR PILOT PROGRAM IS ROLLING OUT.
AND THEN AS WE EXPAND OUT TO OTHER AREAS THAT MAY BE COVERED BY FUTURE BOND OR CURRENT BONDS, WE CAN GIVE YOU THOSE UPDATES.
BUT WE CAN CERTAINLY SHOW YOU THE, THE SPEND PLAN, UM, METRICS THAT WE'RE WATCHING, UH, THE DIFFERENT ELEMENTS OF THAT DASHBOARD OF THAT, THE OUTCOMES OF THOSE MEETINGS, UM, I THINK WOULD BE A PERFECT, UM, WELL, WE'LL ROLL IT OUT TO YOU.
YOU CAN SEE THIS WORKS FOR US.
THIS DOESN'T WORK FOR US AND, AND MAKE THOSE KIND OF ADJUSTMENTS, BUT I THINK WE HAVE THE RIGHT PROCESS IN PLACE TO START GIVING YOU NOW, AGAIN, I, I, I THINK OUR END POINT IS TO HAVE THAT HOLISTIC LOOK OF EVERY, EVERY BOND PROJECT OUT THERE, BUT WE'LL PROBABLY HAVE TO JUST START INCREMENTALLY, WE'LL MAKE SURE WE'RE DOING IT RIGHT AND THEN WE'LL EXPAND OUT TO MORE AND MORE PROJECTS AS WE GO.
BUT I, I THINK WE CAN CERTAINLY BRING SOMETHING, UM, PRETTY SOON TO THE COMMISSION AND SAY, HERE'S THE WORK IN PROGRESS, IS THIS MEETING THE, THE INTENT? SO HOPEFULLY THAT, HOPEFULLY THAT WILL BE A STEP IN THE DIRECTION YOU'RE LOOKING TO GO.
NO, I THINK THAT MAKES SENSE AND LOOK FORWARD TO SEEING THAT.
UM, AM I CORRECT THAT THAT WON'T INCLUDE THE AFFORDABLE HOUSING BONDS BECAUSE YOU ALL AREN'T RESPONSIBLE FOR THE CAPITAL DELIVERY ON THOSE? THAT'S CORRECT.
DO YOU HAVE A SUGGESTION ON HOW WE MONITOR THE CA THE, UH, AFFORDABLE HOUSING BOND IMPLEMENTATION PROCESS? IS THAT MAYBE A QUARTERLY UPDATE FROM THE HOUSING DEPARTMENT OR SOMETHING LIKE THAT? YES, SIR.
THERE WAS, I DIDN'T, ED, I DIDN'T HEAR EXACTLY WHAT YOU SAID ABOUT THE HOUSING.
OH, UH, THE, SINCE CAPITAL SERVICE DELIVERY, MY UNDERSTANDING IS NOT RESPONSIBLE FOR THE HOUSING BOND BECAUSE AFFORDABLE HOUSING BONDS ARE, ARE BASICALLY CONTRACTS OR GRANTS.
AND SO THEY WOULDN'T BE ENGAGED WITH THE CAPITAL SERVICE DELIVERY SYSTEM IN THE SAME WAY, IN A FIRST PERSON MANNER.
SO I WAS JUST WONDERING HOW WE COULD MONITOR THE PROGRESS OF THAT SUBSET OF THE, OF THE GO BONDS IN A WAY THAT MADE SENSE.
SO I'M NOT UNDERSTANDING EXACTLY WHY, UM, YOU WOULDN'T BE INVOLVED.
I UNDERSTAND THAT THEY'RE DIFFERENT, UM, BUT I DON'T UNDERSTAND WHY THEY WOULD BE EXCLUDED FROM THE CAPITAL PROJECTS DELIVERY.
DOES SUBSET OF BONDS THAT COME THROUGH OUR DEPARTMENT WILL BE SPECIFICALLY, UM, THE INFRASTRUCTURE BONDS, THE THINGS THAT INVOLVE CONSTRUCTION, SO HANDING OVER PHYSICAL ASSETS TO THE DEPARTMENTS THAT NEED THEM.
THE OTHER CATEGORY BONDS LIKE THE AFFORDABLE HOUSING, UM, STAFF COULD CERTAINLY SUPPORT THAT AND WE'D BE HAPPY TO INVITE OUR HOUSING PARTNERS IN AND, UM, THE FINANCIAL FINANCE TEAM, BUT WE DON'T HAVE DIRECT VISIBILITY OVER THOSE LIKE WE DO OF THE PHYSICAL, UM, INFRASTRUCTURE, THE CONSTRUCTION PORTION OF THOSE BOND ISSUES.
YEAH, SO THAT MAKES, MAKES SENSE.
I JUST DIDN'T KNOW THAT THAT GAP EXISTED UNTIL NOW.
[00:55:05]
ARE THERE ANY OTHER GAPS THAT YOU'RE AWARE OF? I'M SORRY.I'M JUST WONDERING IF THERE ARE ANY OTHER GAPS YOU'RE AWARE OF OTHER THAN THIS AFFORDABLE HOUSING WITH RESPECT TO ITEMS THAT WOULD NOT BE COVERED BY CAPITAL SERVICES DELIVERY? I, IT MAY JUST BE A, NOT KNOWING WHAT I DON'T KNOW.
I'M AWARE OF ALL THE ONES THAT WE DO HANDLE.
SO FOR THOSE THAT DON'T UNTIL THEY'RE IDENTIFIED, UM, I'LL, I'LL CERTAINLY GET BACK TO YOU THOUGH.
THAT'S AN EXERCISE OR A COMPARISON TO MAKE, EXCUSE ME.
YEAH, I GUESS THAT THAT DOES BRING UP A QUESTION AS FAR AS THOSE THAT DON'T GO THROUGH THE CAPITAL DELIVERY SERVICES, HOW DO WE REALLY MONITOR AND ALSO DO THE SAME KIND OF LIKE, OVERSIGHT ON THOSE? LIKE WHERE DO WE GET THE COMMUNICATION ABOUT THOSE FROM? YEAH, I THINK, WE'LL, WE'LL HAVE TO DO WHAT WE'RE DOING TODAY AND ARRANGE IT WITH STAFF AND HAVE 'EM SCHEDULED AND SEE HOW, SEE HOW THE GROUPS ARE GONNA INTERACT AND YEAH, MAYBE THE FIRST QUESTION IS WHERE ARE THE, WHERE ARE THERE OTHER GAPS? AND IF SO, WHERE ARE THEY? UM, BUT YEAH, THE, THE, AND THE HOUSING IS A REMINDER THAT THERE ARE REALLY TWO THINGS THAT WE HAVE TO, UH, KEEP OUR EYE ON.
ONE IS, ARE WE GONNA FINISH EVERYTHING ON TIME? AND THE OTHER ONE IS, ARE WE FINISHING SOMETHING TOO EARLY? BECAUSE WHAT HAPPENED WITH THE HOUSING WAS WE RAN OUT OF BOND AUTHORITY, UM, AND THEN HAD TO HAVE A SPECIAL ELECTION FOR MORE BOND AUTHORITY BECAUSE THERE WAS, WE WENT THROUGH ALL THE MONEY IN A VERY, IN A SHORTER PERIOD OF TIME THAN THE BOND CYCLE.
AND THEN WE WERE UNABLE TO DO ANY MORE AFFORDABLE HOUSING PROJECTS.
AND WE CAN DEBATE IT ANOTHER TIME, WHETHER THAT'S A BAD THING OR A GOOD THING, GOOD THING.
WELL YOU CAN FINISH EARLY AND THAT CAN BE A GOOD THING 'CAUSE YOU DON'T NEED TO DO MORE OR YOU MAY STILL HAVE A NEED.
AND THAT'S THE QUESTION I DO WANNA SAY IN TERMS OF, UH, WHAT THIS SLIDE WAS SHOWING IN SUCCESSFUL METHODS FOR ACHIEVING THE OUTCOMES.
I APPRECIATE YOU WRITING OUT THE STRATEGY HERE 'CAUSE I THINK IT LOOKS REALLY GOOD.
SO COULD WE TALK ABOUT TIMELINE THEN? TIMELINE? TIMELINE IN RESPECT TO THE BOND DEVELOPMENT PROGRAM, OR NO TIMELINE IN TERMS OF WHAT THE COMMISSION'S GONNA DO, WHEN YOU'RE GONNA COME BACK TO US WITH THE, YOU KNOW, WHAT IS IN PROGRESS.
UH, WE CAN TALK ABOUT IT RIGHT NOW.
I'M TRACKING THE, THE ACTION ITEMS THAT I THINK WE WILL, UM, THIS, YOU KNOW, THE NEW AND IMPROVED BOND OVERSIGHT COMMISSION APPROACH GOING INTO 2024.
SOME OF THE THINGS WE'RE GONNA TRY TO, UM, ADDRESS THAT MAY HAVE NOT BEEN, UM, THE INFORMATION THAT MAY HAVE NOT BEEN COMING TO THIS COMMISSION THAT WE'RE GONNA TRY TO MAKE SURE DOES IN THE FUTURE.
UM, NUMBER ONE IS TO PROVIDE YOU AN UPDATE.
UM, AS I ALLUDED TO BEFORE, WE HAVE, OUR DEPARTMENT IS CHARGED WITH THE EXECUTION OF EXISTING PROJECTS THAT ARE BOND FUNDED AND GETTING THEM OVER THE FINISH LINE, BUT WE ALSO ARE GONNA START TAKING MORE OF A ROLE IN THE DEVELOPMENT OF THE NEXT BOND PROGRAM.
SO, UH, THE FIRST ACTION I HAVE IS TO BRING A, UM, UPDATE TO YOU OF WHAT THAT PLAN LOOKS LIKE.
SO WHAT WOULD THE REST OF FY 24, 25 AND INTO 26 LOOK LIKE IN ORDER TO HAVE A EXECUTABLE, UM, VALUABLE TO BOTH THE DEPARTMENTS AND TO THE COMMUNITY BOND, UM, ELECTION LOOK LIKE IN FALL OF 2026, WHAT WOULD NEED TO HAPPEN TO GET EVERYTHING IN PLACE AND TO PROVIDE THE OPPORTUNITY FOR COMMUNITY EN ENGAGEMENT? UM, SO THAT'S ONE, UM, PRESENTATION THAT WE WANT TO PROVIDE TO YOU IN, IN PRETTY SHORT ORDER.
SO, UM, NUMBER TWO IS WHAT, WHAT'S A GOOD DASHBOARD THAT WE COULD START USING FOR THIS COMMISSION? AND I THINK WE CAN TIE THAT BACK TO THOSE UPDATES THAT WE'RE STARTING TO HAVE WITH OUR SPONSOR DEPARTMENTS.
UM, SINCE WE ALREADY HAVE THAT IN PLACE, WHAT IS THE, THE HIGH LEVEL, THOSE HIGH LEVEL MILESTONES AND THINGS THAT WE ARE, THAT WE DO NEED TO TRACK ON A MONTH TO MONTH BASIS TO IDENTIFY ANY ISSUES, UM, AS EARLY ON IN THE PROCESS AS WE CAN.
UM, AND THEN NUMBER THREE, I HAVE THE, UM, JUST KIND OF THAT UNIVERSE OF, UM, BOND PROGRAMS. WHAT IS THERE OUTSIDE OF OUR,
[01:00:01]
UM, CONSTRUCTION, THE MOBILITY BONDS, THE PHYSICAL INFRASTRUCTURE WE'RE BUILDING.WE OBVIOUSLY THE AFFORDABLE HOUSING HAS A PIECE.
ARE THERE OTHER, UM, SMALLER DOLLAR PROGRAMS OUT THERE THAT WE WOULD LIKE TO INVITE TO PARTICIPATE, UM, IN THE FUTURE? SO DURING OUR FI 24 SCHEDULE THAT WE JUST LOOKED AT, WHEN CAN WE PENCIL THOSE FOLKS IN TO COME GIVE A, THE SAME KIND OF UPDATE? IT MAY NOT HAVE TO BE AS, UM, FREQUENT OR THERE MAY NOT BE THOSE SAME KIND OF FLAGS OR MILESTONES AS WE'LL SEE IN THE CONSTRUCTION PIECE, BUT, UM, CERTAINLY GOOD INFORMATION.
SO OUR HOMEWORK IS TO GO OUT AND FIND WHO THOSE PLAYERS ARE AND MAKE SURE THEY'RE, UM, THEY'RE COMMUNICATING TO.
SO, UM, I THINK WE CAN PROVIDE UPDATES ON BOTH THOSE, WELL, ON EVERYTHING, THOSE THREE ITEMS, UM, AT, AT OUR NEXT COMMISSION MEETING.
AND YEAH, WE DO NOT HAVE A MEETING SCHEDULED IN DECEMBER, SO YEAH, YOU HAVE A WHOLE MONTH TO OH,
WE'LL HAVE ALL THREE OF THOSE ITEMS.
UM, YOU KNOW, AS WE'RE CONTEMPLATING, UM, YOU KNOW, THE NEXT, THE NEXT BOND PROGRAM IN A COUPLE YEARS, WHAT, WHAT ARE THE CURRENT NEEDS ASSESSMENT? LIKE, WHAT ARE, WHAT'S GETTING, WHAT'S NOT GETTING ADDRESSED I GUESS? YOU KNOW, I THINK IT WOULD BE GOOD TO LOOK AT THAT SOONER THAN LATER JUST TO SEE I, YOU KNOW, COMPLETELY UNDERSTAND THERE ARE CHALLENGES, UM, WITH GOING FORWARD WITH SOMETHING SOONER THAN LATER.
BUT I, I THINK, UM, YOU KNOW, PART OF THIS COMMISSION'S CHARGE IS, IS TO, IS TO UNDERSTAND THE NEEDS ASSESSMENT.
IT'D BE GOOD TO, TO GET, TO GAIN SOME SORT OF UNDERSTANDING OF WHAT THAT IS SOONER THAN LATER.
MY PERSPECTIVE ANYWAY, IN THE BACK OF MY MIND, I, I SEE US AT SOME POINT IN TIME THEN MAKING A REPORT ON, UM, TO COUNCIL ON WHAT WE HAVE CHANGED AND WHY WE HAVE CHANGED IT AND HOW WE ARE DOING BUSINESS GOING FORWARD.
EXCUSE ME, MISSED SOMETIME IN THE SPRING AFTER WE'VE YEAH.
WORKED THROUGH IT AND MADE SURE IT WORKS AND ALL THAT.
JUST KIND OF AN UPDATE AFTER, AFTER WE GOT THE WHEELS ON AND THE THING LOOKS LIKE IT'S WORKING.
THEN WE DO A, I THINK WE DO A REPORT ON THIS IS WHAT THE BOND OVERSIGHT COMMISSION COMMISSIONS ARE SUPPOSED TO DO AN ANNUAL REPORT TO COUNCIL IN THE SPRING ANYWAY.
AND MAYBE WE COULD TIE THAT, JUST TIE THAT INTO THE ANNUAL REPORT.
UM, I'M GONNA SKIP AHEAD IF, UNLESS WE
[FUTURE AGENDA ITEMS]
HAVE ANYTHING ELSE.I'M GONNA TALK ABOUT FUTURE AGENDA ITEMS, BECAUSE I'M GONNA BRING UP A SUBJECT THAT'S VERY RELATED TO THIS AND THAT IS, WE'VE MENTIONED IT A COUPLE OF TIMES AND THAT IS ONE OF THE THINGS THAT COMMISSIONS COMMISSIONERS CAN DO IS BRING UP ISSUES THAT THEY'RE AWARE OF IN THE IMPLEMENTATION OR THEY, THAT THEY'VE HEARD OF FROM THE COMMUNITY.
THE QUALITY OF LIFE COMMISSIONS HAVE BEEN HAVING, UM, HAVE HAD THREE PUBLIC MEETINGS IN THE LAST COUPLE OF MONTHS TALKING ABOUT BUDGET PRIORITIES FOR NEXT YEAR.
UH, THE LAST ONE OF THOSE, UH, MEETINGS WAS, UH, COUPLE OF WEEKS AGO.
AND, UH, A GOOD PORTION OF THAT MEETING WAS DEVOTED TO CITIZENS TALKING ABOUT THE SIDEWALK PROGRAM AND SPECIFICALLY, UH, ISSUES, EQUITY ISSUES ABOUT, UM, A DIFFICULTY IN UNDERSTANDING WHY THE CITY WAS TEARING UP AND REPLACING SIDEWALKS IN SOME
[01:05:01]
NEIGHBORHOODS WHEN OTHER NEIGHBORHOODS WERE STILL LACKING ANY SIDEWALK AT ALL.AND I WONDERED IF, TO ME, THAT SORT OF THING GOES TO THE VERY CREDIBILITY OF THE CITY'S CAPITAL PROGRAM AND THE, THE SUCCESS IN PASSING BOND ELECTIONS.
IF, IF PEOPLE DON'T FEEL LIKE IT'S AN EQUITABLE PROGRAM, THEN YOU'RE GONNA HAVE, UH, YOU'RE BUILDING IN A DIFFICULTY FOR YOURSELF IN THE FUTURE.
IS IT THEN, WOULD THAT BE AN APPROPRIATE THING FOR US TO ASK THE SIDEWALK PEOPLE TO COME IN AT THE JANUARY MEETING AND TALK ABOUT, UM, THERE MAY BE SOME VERY GOOD REASONS FOR WHAT'S BEING DONE.
I DON'T KNOW WHAT THOSE ARE, BUT, UH, UM, GIVE THEM AN OPPORTUNITY TO ADDRESS THAT ISSUE.
SO ARE YOU SUGGESTING, I GUESS I'M NOT EVEN CLEAR WHICH SIDEWALK PROGRAMS ARE COVERED BY BONDS AND WHICH ARE NOT, IF THEY'RE NOT COVERED BY THE BOND PROGRAM.
WE'RE JUST A, WE'RE JUST CITIZENS AND WE PROBABLY HAVE A DIFFERENT AVENUE FOR THAT.
I BET SOME OF THEM ABILITY BONDS DO HAVE SIDEWALKS INVOLVED, BUT I DON'T KNOW, MAY, MAYBE, MAYBE IT'S A MORE RESTRICTIVE INITIAL QUESTION, UH, MR. CHAIRMAN, WHICH IS, CAN YOU COME HELP US UNDERSTAND THE SIDEWALK IMPROVEMENTS THAT ARE DONE THROUGH THE BOND PROGRAMS SO THAT IT'S, WE'RE KIND OF KEEPING IT MM-HMM.
AND THAT WOULD THEN HELP US UNDERSTAND WHAT FOLLOW UP WAS APPROPRIATE.
I ALSO, UM, THEY HAD MENTIONED EARLIER THE CPE, THE CAPITAL EXPLORER PROGRAM, IF THAT'S CORRECT.
UM, I THINK THEY'VE BROUGHT THAT UP TO US IN THE PAST AND HAD US EXPLORE THAT WEBSITE.
SO I'M WONDERING, LIKE, NOT DO YOUR HOMEWORK, BUT ALSO DO YOUR HOMEWORK.
AND I'M LIKE, I'M WONDERING WHAT IS ON THAT WEBSITE THAT MAY ANSWER SOME OF THE QUESTIONS THAT WE'RE BRINGING FORTH HERE.
'CAUSE I PERSONALLY HAVE NOT DUG INTO THAT WEBSITE FOR A SOLID YEAR.
UM, AT ONE POINT OUT OF CURIOSITY, I WENT TOO DEEP IN THE WEEDS AND THEY DID HAVE A LOT OF GREAT INFORMATION.
UH, SO I'M WONDERING IF LIKE, SOME OF OUR QUESTIONS ABOUT WHAT DOES THE HIGH MOBILITY BOND COVER IS ALREADY WRITTEN DOWN ON THEIR WEBSITE WITH PUBLIC ACCESS.
UM, SO I, I DON'T KNOW IF THAT'S SOMETHING, MAYBE WE BRING UP QUESTIONS IN THE NEXT AGENDA ITEM FOR JANUARY INSTEAD OF LIKE GOING THROUGH IT AFTER LOOKING TO SEE WHAT WE CAN FIND.
LIKE MAYBE SEE LIKE WHAT GAPS EXIST WITHIN THAT WEBSITE THAT WE STILL HAVE QUESTIONS ON.
TO YOUR POINT OF LIKE WHAT GAPS EXIST OF LIKE WHAT BONDS DO WE KNOW EXIST THAT HAVE BEEN PASSED IN THE LAST 10 YEARS THAT ARE NOT CON COVERED ON THAT WEBSITE.
'CAUSE MY MEMORY OF THAT WEBSITE WAS A VERY GOOD ONE, BUT IT ALSO HAS BEEN A MINUTE SINCE I'VE DUG INTO IT TO SEE WHAT'S THERE.
AND I THINK, I THINK A LOT OF THE QUESTIONS THAT WE'RE ASKING HERE ARE ACTUALLY TOO IS POINT COVERED ON THAT, LIKE BEING DASHBOARDS INFORMATION AND WHATEVER ELSE THAT WE HAVE QUESTIONS ON, MAYBE THEY CAN ADD MORE LATER.
BUT, AND, AND AS A NEW COMMISSIONER, I THINK I, I PROBABLY BEING ABLE TO KNOW WHAT RESOURCES WE HAVE ALREADY IS SOMETHING THAT I'M MISSING.
SO I, I DID NOT KNOW ABOUT THE CAPITAL
SO THAT WOULD ACTUALLY BE GOOD TO, I GUESS, AN INTERNAL ACTION.
I KNOW FOR OURSELVES TO REALLY SEE WHAT KIND OF RESOURCES WE HAVE, YOU KNOW, THE ABILITY TO TOUCH IT COULD BE A GOOD REFRESHER TO OTHERS AS WELL AND, AND MAYBE SOME INTERACTION WITH STAFF AS WE'RE TRYING TO DO IT AND RUNNING INTO PROBLEMS SO YOU CAN HELP US FIGURE OUT WHAT WHAT WE ARE LOOKING AT AND WHAT WE UNDERSTAND ABOUT IT AND WHAT WE DON'T.
CERTAINLY, AND AGAIN, ONE OF OUR TASKS IN THIS UPCOMING YEAR IS TO MAKE A MORE USER FRIENDLY, UM, DASHBOARD OR INTERFACE.
IN SOME CASES IT MAY BE FAIRLY TECHNICAL OR YOU MAY HAVE TO, YOU KNOW, INFAMOUS, YOU KNOW, FIVE OR SIX DIFFERENT KEY, YOU KNOW, BUTTONS OR CLICKS TO GET TO THE, UM, PLACE YOU WANT TO BE.
SO WHAT ARE THE, WHAT'S THAT TOP LEVEL VALUABLE INFORMATION THAT WE CAN JUST PUT, UM, AND MAKE VERY ACCESSIBLE TO, TO EVERYONE? SO CERTAINLY I SUPPORT EVERYONE HAVING A LOOK AT WHAT'S ALREADY OUT THERE IN THE, THE CP NOW.
AND AS WE TRY TO THINK THROUGH WHAT WOULD MAKE A BETTER PRODUCT, UM, YOUR INPUTS OR IDEAS WOULD BE MORE THAN WELCOME.
UM, ON SIDEWALKS, IT'S, THERE IS A COMBINATION OF PROGRAMS THAT FUND THE, THE OVERALL SIDEWALK INFRASTRUCTURE.
[01:10:01]
UM, BONDS ARE, ARE A BIG PLAYER.UM, WHETHER IT'S THE MOBILITY BOND PROGRAM, UM, ITSELF.
IN FACT, WITHIN THE MOBILITY PROGRAM, THERE'S THE CORRIDOR PROGRAM THEY SUPPORT, THERE'S THE SAFE ROUTES TO SCHOOL.
UM, THERE'S NUMEROUS SUB CATEGORIES, BUT THERE, THE OVERALL DRIVER IS THE 2016, UM, CITY OF AUSTIN SIDEWALKS IMPROVEMENT PLAN.
AND THAT'S THE, UM, ROADMAP THAT A LOT THE INVESTMENT OVER THE PAST EIGHT YEARS NOW HAS BEEN WORKING TOWARD.
SO THERE, THERE IS A STRATEGY, UM, I DON'T KNOW OFF THE TOP OF MY HEAD HOW OFTEN THAT'S REFRESHED, BUT THERE'S A, THERE WAS A BASIC ROADMAP APPROVED AND THE CONCEPT WENT INTO IT.
BUT AGAIN, WHEN YOU START THINKING 2016, UM, WE COULD CERTAINLY INVITE, YOU KNOW, THE TEAM TO COME AND SAY, HERE'S, HERE'S WHERE WE MADE UPDATES, OR HERE'S WHEN THE NEXT ROUND OF UPDATES IS GONNA COME OUT.
BUT THEY COULD, UM, DEFINITELY FROM THE BOND MANAGEMENT STANDPOINT, TALK OF ABOUT WHAT THEY'VE BEEN DOING OR WHAT THEIR PLANS ARE FOR, UM, YOU KNOW, FOR THE UPCOMING YEAR OR TWO YEARS.
UM, OR CONVERSELY, YOU KNOW, IF IT EXPEDITES THINGS OR REPORT IS CERTAINLY, YOU KNOW, AN OPTION THAT, THAT WE COULD SEND OUT.
AND THEN YOU CAN MAKE A DECISION DOWN THE ROAD, YOU KNOW, OKAY, HERE'S, WE LOOKED AT THIS REPORT, BUT WE STILL HAVE SOME QUESTIONS.
LET'S INVITE THOSE FOLKS IN, UM, IN FEBRUARY OR OR MARCH OR SOMETHING BEFORE SIDEWALK SEASON STARTS.
BY ALL MEANS THAT IN LINE WITH WHAT YOU WERE SUGGESTING.
YEAH, THAT'S, UH, I'M TOTALLY FINE WITH THAT.
I JUST, I GUESS I'M, YOU'RE HEARING A LITTLE BIT OF AWARENESS FROM ME ABOUT HAVING A DEPARTMENT COME GIVE US A REPORT BECAUSE I, IN, I HAVE A SENSE OF WHAT THAT DOES TO THE OTHER WORK THEY'RE DOING.
AND SO I WANT US TO MAKE SURE WE'RE BEING TARGETED IN THE REQUEST WAS KIND OF WHERE I WAS, WAS THE UNDERLYING MY SUGGESTION.
IF, IF WE GIVE YOU THE UPDATES THAT I THINK YOU'RE GONNA START GETTING THE, AS WE LOOK AT THE PROJECT HEALTH ASSESSMENT AND WE'RE PARTNERING WITH, UM, TRANSPORTATION PUBLIC WORKS, WRIT LARGE SIDEWALKS IS JUST ONE OF MANY MOBILITY PROGRAMS THEY'RE WORKING ON RIGHT NOW.
SO YOU, YOU'LL GET AT LEAST A HIGH LEVEL LOOK AT HOW THE SIDEWALK PROGRAM'S DOING JUST THROUGH THAT UPDATE.
BUT, UM, THAT PROGRAM ALONG WITH CORRIDORS, ANYTHING ELSE WE CAN CERTAINLY DRILL DOWN INTO AND HOPEFULLY THAT'S WHAT OUR DASHBOARD ENDS UP PRESENTING, JUST THAT HIGH LEVEL VIEW WHERE IF YOU HAVE SOME INTEREST, THEN THERE'S A SIMPLE WAY THAT YOU CAN DRILL DOWN AND, AND PULL UP SOME MORE INFORMATION.
BUT THE SIDEWALKS ARE PART OF, UM, THE INITIAL TRANCHE OF INFORMATION THAT YOU'RE GONNA GET COMING OUT OF THOSE PUB, UM, PROJECT HEALTH ASSESSMENTS.
YEAH, I, I'M TOTALLY IN AGREEMENT OF LOOKING TO SEE WHAT WE SHOULD CAN KNOW FROM EXISTING INFORMATION.
UM, I'M A LITTLE DOUBTFUL IN ADVANCE THAT THEY'RE GONNA BE, YOU'RE GONNA BE ABLE TO FIGURE OUT WHERE IT'S A REPLACEMENT VERSUS, UH, YOU KNOW, NEW CONSTRUCTION, WHICH IS THE, WAS THE ISSUE THAT PEOPLE WERE CONCERNED ABOUT.
BUT, BUT THAT SAID, WE CAN LOOK AND SEE WHAT WE CAN FIND FIRST AND THEN ASK ANY OTHER ITEMS FOR FUTURE AGENDAS.
HAVE WE HAD, UH, AN UPDATE ON THE HOUSING BONDS IN THE LAST SIX OR EIGHT MONTHS? I'VE ONLY BEEN ON THE COMMISSION THIS YEAR, SO WOULD IT BE TIMELY TO HAVE THEM COME BACK IN JANUARY WITH AN UPDATE OR SEND AN UPDATE EITHER WAY? I DON'T REMEMBER WHEN THE LAST UPDATE WE HAD WAS, UM, I THINK THE LAST TIME WE DISCUSSED IT WAS IT WAS OVER THE DEPLETING THE AUTHORIZATION AS OPPOSED TO WHAT ARE YOU DOING WITH THE NEW, WELL TAKE THAT AS AN ACTION.
WE'LL, WE'LL GO BACK AND CHECK WHEN THE LAST TIME THE COMMISSION GOT THAT UPDATE.
AND YOU WOULD, LIKE, YOU'RE SUGGESTING THAT THAT COULD BE A HOU A JANUARY SUBJECT.
UH, I, I WOULD BE INTERESTED IN, IN KNOWING WHERE ARE THEY ON THE SPENDING AND HOW THEY'VE BEEN ALLOCATED AMONGST THE SUBCATEGORIES FOR THAT WERE DESCRIBED IN THE BOND LANGUAGE, WHETHER IT WOULD BE AFFORDABLE HOUSING OR HOME IMPROVEMENT.
I'M BE CURIOUS TO, I THINK ONE OF OUR MONITORING TASKS IS TO KIND OF SEE HOW THAT'S BEING SPENT, HOW IT'S BEING ALLOCATED BETWEEN THE DIFFERENT SUBCATEGORIES, BECAUSE THAT'S ALL PRETTY DISCRETIONARY WITHIN THE, UH, WITHIN, FOR THE CITY AND THE DEPARTMENT.
SO KIND OF TWO LEVELS OF INFORMATION WHEN WE, WHEN WE LOOK AT THE, UM, YOU KNOW, THE, THE CITY HAS A, WHAT IS
[01:15:01]
THE NAME OF THE HOUSING PLAN? THE, THEY HAVE A, THEY HAVE A HOUSING PLAN WITH GOALS FOR DIFFERENT K KINDS OF A FOR DIFFERENT MARKET CATEGORIES.UM, WOULD THAT BE INCLUDED IN THAT DISCUSSION? I DON'T THINK SO.
UM, BECAUSE I THINK THAT IF I, IF I'M REMEMBERING THAT PLAN PROPERLY, THAT GOES WELL BEYOND WHAT THE, WHAT THE BONDS WERE DESIGNED TO COVER OR, OR APPROVED TO COVER.
UM, BUT THAT'S JUST GOING OFF OF MEMORY, UH, TO BE HONEST WITH YOU, THAT THE, ONE OF THE REASONS I ASK IS THAT IS SOME, THAT IS SOMETHING THAT IS AVAILABLE AS WELL AS THE STATUS OF THE DIFFERENT CATEGORIES THAT IS AVAILABLE ON THE SUES WEBSITE.
AND THE, THE, UM, EVERYTHING IS PRETTY MUCH ON SCHEDULE WITH THE EXCEPTION OF THE, UH, 30% OF MEDIAN INCOME IS THE AREA THAT'S SUBSTANTIALLY BEHIND.
IF I COULD, UH, ADD IN, I JUST CHECKED, IF YOU GO TO THE, UH, CITY'S BOND OVERSIGHT COMMISSION WEBSITE, UH, I JUST CHECKED, IT WAS BACK IN JANUARY OF THIS YEAR, UH, THROUGH YEAR.
AND IF YOU GO BACK AND THERE'LL BE SOME MINUTES AND YOU CAN PLAY THE VIDEO FOR SOME BACKGROUND.
AND THAT GOES FOR, UH, IF YOU GO TO SCROLL THROUGH AND CHECK OUT ANY OF THE OTHER MONTHS AND AGENDAS, YOU CAN DO THAT AS WELL ON THE WEBSITE JUST FOR BACKGROUND.
ANY, ANYTHING ELSE? IF NOT, IS THERE A MOTION TO ADJOURN? I'LL PUT FORTH A MOTION TO ADJOURN.
IS THERE ANY, ANY DISCUSSION OR OBJECTION TO THE MOTION TO ADJOURN? HEARING NONE.
ALL THOSE IN FAVOR SIGNIFY BY RAISING YOUR HAND.
THE MOTION THE MEETING IS ADJOURNED AT, UH, 3 21.