HomeMy WebLinkAboutPSBFOC 2019-11-05 MinutesCity of Tukwila
Public Safety Bond Financial Oversight Committee
November 5, 2019
City Hall Hazelnut Conference Room
4:00 p.m.
Attendees: Sean Goode, Andy Reiswig, Jessica Jerwa, David Cline, Laurel Humphrey, Vicky Carlsen, Tony
Cullerton, Aaron Williams
MINUTES
I. Call to Order
II. Roll Call
Committee members: Sean Goode, Chair, Jessica Jerwa, Vice -Chair, Andy Reiswig
Absent: Jun Castillo, Randy Coplen
III. Approval of Agenda
The agenda was approved by unanimous consent.
IV. Approval of Minutes
The April 11, 2019 meeting minutes were approved by unanimous consent.
V. New Business
1. Public Safety Plan Project Update
Staff presented an overview of the Public Safety Plan status and projects. Construction is
underway with Fire Station 51 occupancy expected in July 2020, Justice Center occupancy in
October 2020, and Fire Station 52 by March 2021. The City's bond rating was recently
upgraded to AA+ which means significant cost savings resulting from the favorable interest
rate. The Fire Department is holding a "Push -In Ceremony" on November 13 for two new
engines. The Committee is invited to attend as well as take site tours.
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 October 28 are $39,714,352 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 $132,085,273. The total expenditure
budget change is $39,634,107.
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3. Expenditure Report
The Committee reviewed actual Public Safety Plan expenditures through October 28, 2019
including a detailed list and current contracts. Actual expenditures through October 28 are
$42,972,617.
4. Committee Charter
The Committee reviewed its Charter and recommends no changes.
VI. Miscellaneous
• Chair Sean Goode will report to the City Council at its December 9 Committee of the Whole
meeting. All Oversight Committee members are encouraged to attend.
• The Committee agreed to meet quarterly in 2020 and City staff will send out scheduling options
via email.
• The City is hosting a volunteer appreciation event for Board, Commission and Committee
members on December 12, 5:30 p.m.
• Committee members interested in touring the Station 52 site will email staff with availability. T
VII. Adjournment
The meeting was adjourned at 4:48 by unanimous consent.
Minutes by LH, Reviewed byAW
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