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HomeMy WebLinkAbout2023-05-08 Finance and Governance MinutesCity of Tukwila City Council Finance & Governance Committee Meeting Minutes May 8, 2023 - 5:30 p.m. - Hybrid Meeting; Duwamish Conference Room & MS Teams CouncilmembersPresent: Kate Kruller, Chair; Kathy Hougardy, De'Sean Quinn Staff Present: Vicky Carlsen, Tony Cullerton, David Cline, Joel Bush, Hari Ponnekanti, Brandon Miles, Griffin Lerner, Pete Mayer, Nora Gierloff, Cody Lee Gray, Bryan Still, Julie Hatley, Laurel Humphrey Guests: Laura Maman, Miller Hiyashi Architects; John Palewicz, PMQA Consultant; Justine Kim, Shiels Obletz Johnsen I. BUSINESS AGENDA A. Interlocal Agreement Amendment: Private LTE Network Staff is seeking Council approval to amend an Interlocal Agreement with the Washington State Department of Commerce to add an additional $400,000 to the project. Committee Recommendation Majority approval. Forward to May 8, 2023 Committee of the Whole and Special Meeting. Councilmember Quinn entered the meeting room during item B. B. Public Works Campus Phase 2 - Design and Pre -Construction Staff presented an update of the project, including design costs, financing plan, and estimated construction costs. Staff is also seeking approval to proceed with full design and pre - construction contracts in the amount of $5,195,141 with an additional $779,271 for owner's contingency; the draft contracts will be presented to Committee of the Whole. Item(s) for follow-up: • Provide written advice from John Palewicz • Provide 20 -year debt payment schedule • Provide information on any financial policy directing land sale proceeds to debt payments. Committee Recommendation Unanimous approval pending information requests; Forward to May 22, 2023 Committee of the Whole. C. March 2023 General Fund Update Staff presented the report. Committee Recommendation Discussion only. Finance & Governance Committee Minutes May8, 2023 D. Comprehensive Financial Sustainability Plan Staff updated the Committee on efforts to issue a Request for Proposals to select a consultant to develop a Comprehensive Financial Sustainability Plan and Utility Rate Study. Committee members suggested adding in context around unfunded mandates and consideration for unplanned, significant events. Committee Recommendation Discussion only. E. City Council Rules of Procedure Update This item was postponed until May 22, 2023. MISCELLANEOUS The meeting adjourned at 6:53 p.m. Committee Chair Approval