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HomeMy WebLinkAboutFIN 2019-06-24 Item 2A - Public Safety Plan - Report from Public Safety Bond Financial Oversight CommitteeCITY OF TUKWILA PUBLIC SAFETY BOND FINANCIAL OVERSIGHT COMMITTTEE Report to the City Council June 2019 On behalf of my fellow members, I am pleased to present you with a 2019 Report of the Public Safety Bond Financial Oversight Committee. Per the Charter adopted in Resolution 1892, our role is to review the allocation of bond proceeds and progress on achieving the purposes of the Public Safety Bond and to report to the City Council semi-annually. The Committee met on April 11, 2019 Pursuant to Ordinance 2509 and Resolution 1892, during this meeting the Committee reviewed status and expenditure reports relating to the Public Safety Bond as approved by Tukwila voters at the November 8, 2016 General Election. City staff also provided an overview of the Public Safety Plan overall budget, schedule and status. The Committee also had the opportunity to meet Mr. Steve Goldblatt, the Council's Public Safety Plan Program Management Quality Assurance Consultant. The Oversight Committee has to date reviewed bond expenditures through April 5, 2019 and finds that these expenditures are in compliance with the purposes of the Public Safety Bond. Minutes of the April 11, 2019 meeting are attached to this report. The Committee appreciates this opportunity and we look forward to our continued relationship with the City Council. Attachment: Draft April 11, 2019 Committee Meeting Minutes 2 City of Tukwila Public Safety Bond Financial Oversight Committee April 11, 2019 City Hall Hazelnut Conference Room 4:00 p.m. Attendees: Sean Goode, Andy Reiswig, Jun Castillo, Randy Coplen, David McCarthy, Aaron Williams, Steve Goldblatt MINUTES I. Call to Order II. Roll Call Committee members: Sean Goode, Chair, Andy Reiswi Absent: Jessica Jerwa, Vice -Chair Mr. Reiswig moved to excuse Ms. Jerw carried unanimously. III. Approval of Agenda Mr. Reiswig moved ii t' L i. unanimously ar a agenda IV. Approval of Minutiklh Mr.CoedaPP r; catiO�m-nafiiiHand t ew Business 111 Public Safety P �r. Goldblatt ) ommit� time a; agenda, a pproved. 1, 111,1011 the August 6, 2018 minutes, and Mr. Reiswig seconded. The motion ing, and Laurel Humphrey, Peggy stillo, Randy Coplen ?len seconded. The motion r. Coplen seconded. The motion carried utes were approved. 1► Project Update Council's PMQA consultant, introduced himself and described his role to iwhich is to provide independent, 3rd party counsel to the City Council on the an projects. He reiterated that the construction market is in an extraordinary at there is a lack of trade availability and costs are escalated. City staff updated the Committee on the status of projects associated with the Public Safety Plan. The City now owns all property and has reached settlements with the impacted businesses. Projects are on schedule, and on March 25 the City Council authorized proceeding with construction on the Justice Center and Station 51. The next big decision point will be the remainder of the Maximum Allowable Construction Cost (MACC) contract for the Justice Center at the end of May. The overall funding and revenue stream has not changed significantly since the Oversight Committee last met. Mr. Goldblatt noted that the bond measure did not anticipate the actual cost of construction and reminded the Committee that the Council 1 3 VI. chose to remove construction of a new Station 54 from the plan, although Councilmembers expressed support for rehabilitation. 2. 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 April 5 are $40,213,245 from the voter - approved bond, fire impact fees, real estate excise tax, investment interest, and rental income. The total for actual and projected revenues is $127,675,333. The total expenditure budget change is $36,515,077. The remainder of the voted debt, ;675,046, along with $17.5M in Councilmanic bonds will be issued in 2019. The City ave on bond issuance costs by doing both at the same time. Staff updated the Co ee regarding alternates at Station 51. The Council approved budget for 4 of 7 item been identified as f p ydr the back, bi-fold doors, rough -in for new SCBA gear washer, and undergro i ilities for The desirable features not included in the original budget. fueling station. Council had earlier approved budget to make Stt52 a "drive-thro " tation so that large apparatus will not have to backup int station. 11 Mr. Goode asked staff to clarify revenue sou ibeyon thevoter approved bond. The primary sources are fire impact fees, REET 1, y sales. Mr. Reiswig asked about the impacts to other city activities. While fire im es can only be used for fire related purposes, money from proper Goode asked if this budget sit construction costs are difficult resources are being redirected fr acquisition budget for the Justice the original b 4tiers were increases l ca i , ere identi 3. Expendit deports The Comm t i l b,ir� a detain e CS The C with the Safety llaneous and REET 1 co '(f e used for other purposes. Mr. have been a < d. Mr. Conlen stated that ket driv. Goode reiterated that Reiswig asked why the land 4i- from Ito over $15M. Staff responded that ased, and land/real estate had significant f t Cl, ''� safety Plan expenditures through April 5, 2019 t and current contracts. Actual expenditures through April 5, 2019 are ttee also reviewed a current list of contracts for service associated • ed thatl ity Council recently appointed Mr. Goode, Ms. Jerwa, and Mr. Coplen to seco< e Committee. During the Finance Committee discussion on the reappoir� ts, Councilmember Quinn stressed the importance of the Oversight Committee and asked s Vaff to ensure that its members have the City support needed to be effective. He also suggested that the Oversight Committee consider Mr. Goldblatt as resource, and to look for opportunities to engage with the community. Staff asked the Oversight Committee for comments. Mr. Castillo stated that he finds the Committee to be effective and the right people are at the table. He does get questions from other community members and he is able to share the information. Mr. Coplen noted that the Committee reviews the reports provided, so it's hard to comment on what else the City could offer. Mr. Goode stated that he sees the purpose of the Committee is to review the financial reports and ask about outliers, delays, disputes and other 2 4 unusual items. He does not get asked about the Committee's work by other members of the community but is open to other forms of messaging. • Staff mentioned that it would be a good time to report to the Council and will work with the Chair to get it on the schedule. VII. Adjournment Mr. Reiswig moved adjournment and Mr. Castillo seconded the motion. The motion carried and the meeting was adjourned at 5:04 p.m. Minutes by LH, Reviewed byAW 3 5