HomeMy WebLinkAboutPSBFOC 2018-08-06 MinutesCity of Tukwila
Public Safety Bond Financial Oversight Committee
August 6, 2018
6300 Building, Rainier Conference Room
3:30 p.m.
MINUTES -Approved April11, 2019
I. Call to Order
II. Roll Call
Committee members: Sean Goode, Chair, Jessica Jerwa, Vice -Chair, Andy Reiswig, Jun Castillo,
Randy Coplen
City staff: David Cline, Laurel Humphrey, Peggy McCarthy, Aaron Williams
Guest: Deb Sorensen, resident
III. Approval of Agenda
Mr. Reiswig moved approval of the agenda, and Mr. Coplen seconded. The motion carried
unanimously and the agenda was approved.
IV. Approval of Minutes
Mr. Castillo moved approval of the April 19, 2018 minutes with the spelling of his name corrected,
and Mr. Reiswig seconded. The motion carried unanimously and the minutes were approved as
amended.
V. New Business
1. Election of Chair and Vice -Chair
Mr. Reiswig nominated Mr. Goode to serve a second term as Chair and no further
nominations were made. By a show of hands, Mr. Goode was re-elected as Chair. Mr. Reiswig
nominated Ms. Jerwa to serve a second term as Vice -Chair and no further nominations were
made. By a show of hands, Ms. Jerwa was re-elected as Vice -Chair.
2. Public Safety Plan Project Update/Overview
City staff updated the Committee on the status of projects associated with the Public Safety
Plan. After several months of considering options to address the market -related funding
gap, the City Council in June made the decision to remove Fire Station 54 from the program.
Stations 51, 52 and the Justice Center are moving through the design stages with realistic
budgets now known. The Council is being asked to approve amendments to bring all
contracts in alignment with current budgets. Mr. Goode asked about the impacts of
redirecting certain funding for parks to the Public Safety Plan. While this is an impact on
parks, the City has not adequately addressed facility needs for decades. Mr. Goode also
asked if the budgets reflect the cost of site acquisitions on Tukwila International Boulevard,
and staff confirmed that they do.
3. Public Safety Plan Financial Overview
The Committee reviewed the original and revised revenue and expenditure budgets for the
Public Safety Plan. Total actual revenues through July 31, 2018 are $39,446,760 from the
voter -approved bond, fire impact fees, real estate excise tax, and investment interest. The
total for actual and projected revenues is $117,745,139.00. The total expenditure budget
change is $34,752,107. The City's bond rating was recently affirmed atAAstable. Mr. Reiswig
asked how fire impact fees are estimated and staff stated that it is based upon past years
and an assessment of current development. The City estimates fee revenue conservatively.
The fire apparatus budget decreased because the Council's financing plan includes
financing the apparatus through a State program in the out -years. Station 51 was originally
slated to be the headquarters station and the revised budget reflects the change to Station
52. Mr. Reiswig asked how contingency is estimated and staff confirmed that it is a
percentage of construction cost. Mr. Castillo and Mr. Coplen asked for clarification on the
fire apparatus budget. Some equipment has already been purchased, and everything else
on the schedule is funded through 2029.
4. Expenditure Reports
The Committee reviewed actual Public Safety Plan expenditures through July 31, 2018,
including a detailed list and current contracts. Actual expenditures through July 31, 2018
are $7,673,440.00. Mr. Goode asked why settlement agreement amounts vary and staff
stated that the businesses have different values and the City hired an independent appraiser
to provide information. Mr. Reiswig inquired how the City is tracking the "not to exceed"
amounts in the contracts and if the full amounts will be used. Shiels Obletz Johnsen, the
City's project manager closely monitors all contracts and the dollar amounts should be close
to the actuals at this point.
5. Committee Charter
The Committee is tasked with reviewing its Charter once per year and recommending any
desired changes. Staff noted that one Committee responsibility is to review copies of
performance or financial audits of bond programs, and while no specific Public Safety Plan
report exists at this time, the annual audits for the City are clean. Mr. Coplen moved to
renew the Charter as written and Ms. Jerwa seconded. The motion unanimously passed and
the Charter was renewed with no changes.
VI. Miscellaneous
• The Chair and Vice -Chair will work with City staff on scheduling a report to the City Council.
Mr. Coplen expressed appreciation for the service Mr. Goldblatt, the Council's Public Safety Plan
Program Management Quality Assurance consultant, is providing. He is impressed with Mr.
Goldblatt's knowledge and experience.
VII. Adjournment
Mr. Goode moved adjournment and Mr. Reiswig seconded the motion. The motion carried and the meeting
was adjourned at 4:32 p.m.
Minutes by LH, Reviewed byAW