Loading...
HomeMy WebLinkAbout2025.01.21 PPFD Meeting PacketPasco Public Facilities District Board Building Regional Facilities through Community Partnerships AGENDA 4:00 PM - Tuesday, January 21, 2025; Pasco City Hall, Council Chambers & Microsoft Teams Webinar Page I. MEETING INSTRUCTIONS for REMOTE ACCESS - Individuals, who would like to provide public comment remotely, may continue to do so by filling out the online form via the City’s website (www.pasco-wa.gov/publiccomment) to obtain access information to comment. Requests to comment in meetings must be received by 1:00 p.m. on the day of each meeting. To listen to the meeting via phone, call (322) 249-0718 and use access code 742 289 843#. II. Welcome, Call To Order, and Roll Call III. Recognition of Visitors/Public Comments - This item is provided to allow the public the opportunity to bring items to the attention of the Pasco Public Facilities District Board. Its purpose is not to provide a venue for debate or for the posing of questions with the expectation of an immediate response. Public comments will normally be limited to three minutes by each speaker. Those with lengthy messages are invited to summarize their comments and/or submit written information for consideration by the PPFD Board outside of formal meetings. Lastly, when called upon, please state your name and city or county residency before providing your comments. IV. Approval of Minutes 4 - 8 A. Approve PPFD Board December 2024 Meeting Minutes MOTION: I move to approve the PPFD Board minutes from the December 17, 2024, meeting. V. Claims Approval 9 A. Approval of PPFD Monthly Accounts Payable Claims MOTON: I move to approve the December 2024 PPFD claims (accounts payable) in the amount of $946,528.48. VI. Financial Report 10 - 13 A. December 2024 Balance Sheet, Budget Performance Report and Local Tax Distribution Report (Buckley) B. US Savings Initial Deposit & Policy Update (Buckley, Perez, & Watkins) Page 1 of 20 14 - 15 C. Three-Year Budget Comparison (Perez) VII. Reports from Committees A. Design & Construction Committee (Gillespie & Jilek; Alternate Morrissette) B. Audit & Finance Committee (Morrissette & Bowdish; Alternate Jilek) VIII. Old Business IX. New Business 16 A. Elections of PPFD Officers (Ferguson) B. General Counsel Services Path Forward (Ferguson & Watkins) MOTION: I move for the PPFD Executive Director to research, prepare, and issue a Request for Proposal for General Counsel. C. Bank Reconciliation Software (Perez) MOTION: I move to approve a one time purchase of bank reconciliation software, not to exceed $10,000 and annual subscription fee not to exceed $1,000 per year. X. Other Business 17 - 20 A. Owner’s Representative Report (Gardner) 1. Project Update 2. Permit Approval 3. Furniture, Fixtures, & Equipment (FF&E) Review B. Pasco Operations and Maintenance (Rice) 1. Update ILA Progress C. Ambassador Committee Report D. PPFD Executive Director Report (Watkins) 1. Branding Package Update 2. Sponsorship Update 3. Rezone Status 4. Groundbreaking Update Page 2 of 20 E. PPFD Board Meeting Schedule: 3rd Tuesday, February 18, 2025 3rd Tuesday, March 18, 2025 4th Tuesday, April 22, 2025 (due to a scheduling conflict with Council Chambers) XI. Executive Session XII. Adjournment Page 3 of 20 Pasco Public Facilities District Board MINUTES 4:00 PM - Tuesday, December 17, 2024; Pasco City Hall, Washington Conference Room on 2nd Floor WELCOME, CALL TO ORDER, AND ROLL CALL Pasco Public Facilities District (PPFD) President Morrissette welcomed members of the audience and called the meeting to order at 4:01 PM. Board Members Present: President Mark Morrissette, Vice President Marie Gillespie, Secretary/Treasurer Caroline Bowdish, Board Member Leonard Dietrich, and Board Member Spencer Jilek Board Staff Present: PPFD Executive Director Matt Watkins City Council & Staff Present: City Attorney Eric Ferguson, Senior Accountant Veronica Perez, Parks & Recreation Director Jesse Rice, and City Clerk Debby Barham Other attendees: Heath Gardner, Brooke Hanley, Jordan Tiegs, Craig Maloney and Paul Whitemarsh RECOGNITION OF VISITORS/PUBLIC COMMENTS No one came forward to speak. APPROVAL OF MINUTES Approve PPFD Board November Meeting Minutes MOTION: Dr. Jilek moved to approve the PPFD Board minutes from the November 19, 2024, meeting. Mr. Dietrich seconded. Motion carried unanimously. CLAIMS APPROVAL Approval of PPFD Monthly Accounts Payable Claims MOTON: Mr. Dietrich moved to approve the November 2024 PPFD claims (accounts payable) in the amount of $99,241.81. Dr. Jilek seconded. Motion carried unanimously. FINANCIAL REPORT Page 1 of 5Page 4 of 20 November 2024 Balance Sheet, Budget Performance Report and Local Tax Distribution Report Pasco Lead Accountant Perez briefly discussed the financial reports. Ms. Bowdish arrived to the meeting at 4:07 PM. 2025 PPFD Budget Presentation and Resolution No. 2024-19 - Approving the PPFD 2025 Budget Ms. Perez provided an overview of the proposed 2025 PPFD budget. The PPFD Board and Ms. Perez briefly discussed the proposed budget. MOTION: Dr. Jilek moved to adopt Resolution No. 2024-19, to approve the 2025 Pasco Public Facilities District Budget. Ms. Bowdish seconded. Motion carried unanimously. REPORTS FROM COMMITTEES Design & Construction Committee Ms. Gillespie reported the following:  60 percent of the design development has been completed and the next phase will be adding final details for the construction documents  Pasco staff continues to attend the meetings and provide valuable input  There is continued work on the Franklin Public Utility District (Franklin PUD) issue related to the cost for bringing power from Harris Road to the PPFD property  The committee reviewed the ADA access to the pools and reception desk layout  The committee has continued to identify and prioritize the betterments for possible additions to Phase 1 of the project Mr. Dietrich, Mr. Morrissette, Mr. Watkins and Mr. Gardner further discussed Franklin Public Utility District's electrical connection to the site. Audit & Finance Committee (Morrissette & Bowdish; Alternate Jilek) No report. OLD BUSINESS Resolution No. 2024-20 Approval of US Bank's Investment Resolution Form Page 2 of 5Page 5 of 20 Mr. Ferguson explained that US Bank requires their own Investment Resolution and the bank has asked that the PPFD Board approve their resolution. MOTION: Ms. Gillespie moved to approve Resolution No. 2024-20, adopting US Bank as its financial institution, the same bank utilized by the City of Pasco, Washington, which is the fiscal Agent for the Pasco Public Facilities District and approve its Investment Resolution. Mr. Dietrich seconded. Motion carried unanimously. Approval of Design Document for the Pasco Aquatics Facility Mr. Gardner stated that the updated estimate is on target with the budget and includes the additional withdraw due to the Franklin PUD cost. PPFD Board, Mr. Watkins, and Mr. Gardner briefly discussed the design document and next steps in the process. MOTION: Dr. Jilek moved to accept the Design Development (DD) document previously submitted and presented by Bouten/NAC at the November 2024, PPFD Board meeting, as it reflects the overall scope of the project, design features, amenities, qualities, and aesthetics to deliver the desired facility and serve the community. Mr. Dietrich seconded. Motion carried unanimously. NEW BUSINESS Resolution No. 2024-21 - Amendment No. 3 to Progressive Design Build Contract Amendment for Interim Guaranteed Maximum Price iGMP Mr. Gardner explained that the interim Guaranteed Maximum Price (iGMP) is needed prior to approving the final GMP. He listed the items that were included in the iGMP. Adopting the iGMP moves the project from conceptual to actual construction of the facility. The PPFD Board, Mr. Watkins, and Mr. Gardner briefly discussed the iGMP items. MOTION: Ms. Bowdish moved to adopt Resolution No. 2024-21, directing the PPFD Executive Director to negotiate and sign the Amendment No. 3, the interim Guaranteed Maximum Price (iGMP), to the Progressive Design Build contract with Bouten Construction Company/NAC. Ms. Gillespie seconded. Motion carried unanimously. 2025 PPFD Budget Presentation and Resolution No. 2024-19 - Approving the PPFD 2025 Budget Page 3 of 5Page 6 of 20 Mr. Watkins stated that this section of the meeting was intended to be an open discussion with the PPFD Board, City staff and the PPFD Ambassadors. a. Progressive Design Build Review Mr. Gardner explained the Progressive Design Build (PDB) process and that construction will begin in January 2025 which will then set the general GMP. He stated that there are four main contingencies in the PDB contract and three of the four are in the design phase. He noted that this is a team approach for this project. The PPFD Board, Mr. Gardner and Mr. Watkins discussed the next steps in the project. Mr. Morrissette suggested that this story get relayed to the Tri-City Herald newspaper. b. Possible Betterments Mr. Watkins introduced Brooke Hanley, NAC representative, who provided an update on the ranking of the Betterment List by Ballard*King & Associates for the betterments already approved. She then discussed the list of betterments that remain as considerations to add to the project. The PPFD Board, Ms. Hanley, Mr. Watkins and Mr. Gardner discussed the previously approved betterments and the list of top betterments that were still on the list. The PPFD Ambassadors, Craig Maloney and Paul Whitemarsh, also shared their recommendations for betterments on the list. The PPFD Board, Ms. Hanley, Mr. Tiegs, Mr. Watkins and Mr. Gardner discussed the next steps in choosing additional betterments from the list, as well as budgeting challenges and opportunities. c. Management & Maintenance Mr. Rice provided a status of the City's recommendations for the management of the Pasco Aquatics Facility, as well as the status of drafting a new interlocal agreement with the PPFD. Mr. Watkins discussed the recruitment and training of lifeguards starting in 2025 in anticipation of the 2026 Pasco Aquatics Facility opening. OTHER BUSINESS PPFD Executive Director Report Mr. Watkins reported on the following: Page 4 of 5Page 7 of 20 1. Branding Package Update: He is waiting for a legal review of the package before the Requests for Proposals (RFP) is published. 2. Rezone Status: He reported that the rezone is on track to be approved. 3. Year in Review & 2025 Forecast: He expressed thanks to the PPFD Board for their input and decisions to make the Pasco Aquatics Facility project more impactful and successful. He stated that it has been an incredible year with the design of the facility almost complete. Owner’s Representative Report Mr. Gardner provided an update on the Aquatics facility project. Attorney Report Mr. Ferguson announced that Kerr Ferguson Law has given its 180-day notice to terminate its contract with the City of Pasco effective May 31, 2025. The current Interlocal Agreement (ILA) with the City of Pasco states that the PPFD will use the City's Attorney. Discussion ensued regarding the history, experience and relationship the PPFD Board has with Mr. Ferguson. PPFD Board Meeting Schedule: 3rd Tuesday, January 21, 2025 (corrected date) 3rd Tuesday, February 18, 2025 (corrected date) 3rd Tuesday, March 18, 2025 4th Tuesday, April 22, 2025(due to a scheduling conflict with Council Chambers) ADJOURNMENT There being no further business, the meeting was adjourned at 6:30 PM. PASSED AND APPROVED THIS ___ DAY OF __________, 20__ APPROVED: Mark Morrissette, President Debra Barham, MMC Page 5 of 5Page 8 of 20 Dec-24 Sum of Amount GL Date Subledger Account Description Vendor/Customer Item Description Dec Accounts Payable Legal Combined Services KERR FERGUSON LAW PLLC PPFD LEGAL SERVICES SEPT/OCT 2024 2,539.00 Legal Combined Services Total 2,539.00 Organizational Services KENNEWICK PUBLIC FACILITIES DISTRICT PFD SALES TAX RECIEVED BY THE CITY OF PASCO AND SENT TO KENNEWIC 83,183.25 Organizational Services Total 83,183.25 Professional Services WATKINS ENDEAVOR LLC SERVICES FOR PPFD NOVEMBER 2024 10,390.00 SERVICES FOR PPFD DECEMBER 2024 10,390.00 Professional Services Total 20,780.00 Lodging Meals Miles Airfare WATKINS MATT ATTENDED ANNUAL AWSPFD CONFERENCE 2024/ PRESENTED STATUS REPORTS 382.46 Lodging Meals Miles Airfare Total 382.46 Const Contract (Primary)BOUTEN CONSTRUCTION CO PPFD AQUATIC FACILITY PROJECT OCTOBER 2024 462,335.19 WENAHA GROUP INC SERVICES FOR PPFD/AQUATIC CENTER OCTOBER 2024 20,174.69 SERVICES FOR PPFD/AQUATIC CENTER NOVEMBER 2024 14,251.38 Const Contract (Primary) Total 496,761.26 Building & Structure BOUTEN CONSTRUCTION CO PPFD AQUATIC FACILITY PROJECT OCTOBER 2024 37,931.59 PPFD AQUATIC FACILITY PROJECT NOVEMBER 2024 304,950.92 Building & Structure Total 342,882.51 Accounts Payable Total 946,528.48 General Ledger Organizational Services City of Pasco Pasco ILA agreement 9,545.00 Organizational Services Total 9,545.00 General Ledger Total 9,545.00 Grand Total 956,073.48 Pa g e 9 o f 2 0 Current YTD Prior Year Account Account Description Balance Total Actual Net Change Change % Fund Category External Fund Type Fund 931 - Pasco Public Facility District ASSETS 10 10.1010 Cash 8,635,538.82 3,424,863.62 5,210,675.20 152.14 10 - Totals $8,635,538.82 $3,424,863.62 $5,210,675.20 152.14% 12 12.1210 Taxes Receivable - Sales .00 1,011,598.43 (1,011,598.43) (100.00) 12 - Totals $0.00 $1,011,598.43 ($1,011,598.43) (100.00%) 15 15.1539 Restricted Cash - Bond Proceeds ST 43,268,995.95 .00 43,268,995.95 +++ 15 - Totals $43,268,995.95 $0.00 $43,268,995.95 +++ ASSETS TOTALS $51,904,534.77 $4,436,462.05 $47,468,072.72 1,069.95% LIABILITIES AND FUND EQUITY LIABILITIES 21 21.2105 Accounts Payable 10,390.00 267,178.88 (256,788.88) (96.11) 21 - Totals $10,390.00 $267,178.88 ($256,788.88) (96.11%) 24 24.2433 2024 PFD Bond 49,035,000.00 .00 49,035,000.00 +++ 24.2499 Unamortized Bond Premium LT 1,509,431.10 .00 1,509,431.10 +++ 24 - Totals $50,544,431.10 $0.00 $50,544,431.10 +++ LIABILITIES TOTALS $50,554,821.10 $267,178.88 $50,287,642.22 18,821.71% FUND EQUITY 29 29.2900 Fund Balance 4,169,283.17 4,169,283.17 .00 .00 29 - Totals $4,169,283.17 $4,169,283.17 $0.00 0.00% FUND EQUITY TOTALS Prior to Current Year Changes $4,169,283.17 $4,169,283.17 $0.00 0.00% Prior Year Fund Equity Adjustment .00 .00 Fund Revenues (5,301,468.19) .00 Fund Expenses 8,121,037.69 .00 FUND EQUITY TOTALS $1,349,713.67 $4,169,283.17 ($2,819,569.50) (67.63%) LIABILITIES AND FUND EQUITY TOTALS $51,904,534.77 $4,436,462.05 $47,468,072.72 1,069.95% Fund 931 - Pasco Public Facility District Totals $0.00 $0.00 $0.00 +++ Fund Type Totals $0.00 $0.00 $0.00 +++ Fund Category External Totals $0.00 $0.00 $0.00 +++ Grand Totals $0.00 $0.00 $0.00 +++ Page 1 of 1Run by Veronica Perez on 01/16/2025 14:36:23 PM Balance Sheet Through 12/31/24 Detail Listing Include Rollup Account/Rollup to Base Pa g e 1 0 o f 2 0 Adopted Budget Amended Current Month YTD YTD Budget - YTD % Used/ Account Account Description Budget Amendments Budget Transactions Encumbrances Transactions Transactions Rec'd Fund 931 - Pasco Public Facility District REVENUE Dept 13 - City Mgr Prog 590 - PPFD Admin 31 31.1310 Local Sales Tax .00 .00 .00 464,699.71 .00 464,699.71 (464,699.71) +++ 31.1311 PFD Sales Tax .00 .00 .00 84,443.57 .00 84,443.57 (84,443.57) +++ 31 - Totals $0.00 $0.00 $0.00 $549,143.28 $0.00 $549,143.28 ($549,143.28) +++ Prog 590 - PPFD Admin Totals $0.00 $0.00 $0.00 $549,143.28 $0.00 $549,143.28 ($549,143.28) +++ Dept 13 - City Mgr Totals $0.00 $0.00 $0.00 $549,143.28 $0.00 $549,143.28 ($549,143.28) +++ REVENUE TOTALS $0.00 $0.00 $0.00 $549,143.28 $0.00 $549,143.28 ($549,143.28) +++ EXPENSE Dept 13 - City Mgr Prog 590 - PPFD Admin 54 54.4514 Lodging Meals Miles Airfare .00 .00 .00 382.46 .00 382.46 (382.46) +++ 54.4530 Legal Combined Services .00 .00 .00 2,539.00 .00 2,539.00 (2,539.00) +++ 54.4540 Organizational Services .00 .00 .00 92,728.25 .00 92,728.25 (92,728.25) +++ 54.4541 Professional Services .00 .00 .00 20,780.00 .00 20,780.00 (20,780.00) +++ 54 - Totals $0.00 $0.00 $0.00 $116,429.71 $0.00 $116,429.71 ($116,429.71) +++ Prog 590 - PPFD Admin Totals $0.00 $0.00 $0.00 $116,429.71 $0.00 $116,429.71 ($116,429.71) +++ Dept 13 - City Mgr Totals $0.00 $0.00 $0.00 $116,429.71 $0.00 $116,429.71 ($116,429.71) +++ Dept 90 - Finance Prog 690 - Capital Culture & Recreation 56 56.6549 Building & Structure .00 .00 .00 342,882.51 .00 342,882.51 (342,882.51) +++ 56.6562 Const Contract (Primary) .00 .00 .00 496,761.26 .00 496,761.26 (496,761.26) +++ 56 - Totals $0.00 $0.00 $0.00 $839,643.77 $0.00 $839,643.77 ($839,643.77) +++ Prog 690 - Capital Culture & Recreation Totals $0.00 $0.00 $0.00 $839,643.77 $0.00 $839,643.77 ($839,643.77) +++ Dept 90 - Finance Totals $0.00 $0.00 $0.00 $839,643.77 $0.00 $839,643.77 ($839,643.77) +++ EXPENSE TOTALS $0.00 $0.00 $0.00 $956,073.48 $0.00 $956,073.48 ($956,073.48) +++ Fund 931 - Pasco Public Facility District Totals REVENUE TOTALS .00 .00 .00 549,143.28 .00 549,143.28 (549,143.28) +++ EXPENSE TOTALS .00 .00 .00 956,073.48 .00 956,073.48 (956,073.48) +++ Fund 931 - Pasco Public Facility District Totals $0.00 $0.00 $0.00 ($406,930.20) $0.00 ($406,930.20) $406,930.20 Grand Totals REVENUE TOTALS .00 .00 .00 549,143.28 .00 549,143.28 (549,143.28) +++ EXPENSE TOTALS .00 .00 .00 956,073.48 .00 956,073.48 (956,073.48) +++ Grand Totals $0.00 $0.00 $0.00 ($406,930.20) $0.00 ($406,930.20) $406,930.20 Run by Veronica Perez on 01/16/2025 02:37:40 PM Page 1 of 2 Budget Performance Report Date Range 12/01/24 - 12/31/24 Include Rollup Account and Rollup to Base Pa g e 1 1 o f 2 0 Run by Veronica Perez on 01/16/2025 02:37:40 PM Page 2 of 2 Budget Performance Report Date Range 12/01/24 - 12/31/24 Include Rollup Account and Rollup to Base Pa g e 1 2 o f 2 0 Row Labels Sum of Accumulation Amount Accommodation and Food Services 31,520.06$ Administrative and Support and Waste Management and Remediation Services 11,066.89$ Agriculture, Forestry, Fishing and Hunting 778.58$ Arts, Entertainment, and Recreation 1,894.57$ Construction 136,256.39$ Educational Services 284.34$ Finance and Insurance 2,019.68$ Health Care and Social Assistance 369.90$ Information 9,210.88$ Management of Companies and Enterprises 17.69$ Manufacturing 9,923.65$ Mining 183.05$ Other Services (except Public Administration) 11,190.24$ Professional, Scientific, and Technical Services 5,648.38$ Public Administration 11,296.33$ Real Estate Rental and Leasing 11,942.00$ Retail Trade 188,065.05$ Transportation and Warehousing 9,453.25$ Utilities 223.88$ Wholesale Trade 28,179.13$ #N/A (759.64)$ Grand Total 468,764.30$ Accumulation 468,764.30$ Pool 629.35$ Admin Fee (4,693.94)$ Distribution 464,699.71$ December 24 Pasco Public Facilities District $31,520.06 $11,066.89 $778.58 $1,894.57 $136,256.39 $284.34 $2,019.68 $369.90 $9,210.88 $17.69 $9,923.65 $183.05 $11,190.24 $5,648.38 $11,296.33 $11,942.00 $188,065.05 $9,453.25 $223.88 $28,179.13 $(759.64) Total Accommodation and Food Services Administrative and Support and Waste Management and Remediation Services Agriculture, Forestry, Fishing and Hunting Arts, Entertainment, and Recreation Construction Educational Services Category NameSum of Accumulation Amount Page 13 of 20 Aquatic Center Account Number Account Description 23/24 Actual + Estimate 2025 Board Approved 2026 Estimated Budget (without new ILA)Notes 30.9999 Budget Est Beg Fund Balance (Unassigned)$51,046,928.68 $44,308,640.00 $6,200,000.00 56.6110 Land & Land Improvements 4,626,380.41 0.00 0.00 $4,626,380.41 $0.00 $0.00 56.6549 Building & Structure 528,215.75 26,921,240.00 5,000,000.00 56.6562 Const Contract (Primary) 1,527,886.52 7,050,000.00 1,000,000.00 56.6576 Const Other Prof Services 55,806.00 907,000.00 0.00 56.6578 Const Other Miscellaneous 0.00 2,590,400.00 200,000.00 56.6584 Individual Assets > $5,000 0.00 640,000.00 0.00 $2,111,908.27 $38,108,640.00 $6,200,000.00 $6,738,288.68 $38,108,640.00 $6,200,000.00 59.9999 Budget Est End Fund Balance (Unassigned)44,308,640.00 6,200,000.00 0.00 $44,308,640.00 $6,200,000.00 $0.00 Budget Worksheet Report Account Classification Total: 600 - Budget End Fund Balance Aquatics Center Project 900 - Budget Beg Fund Balance 560 - Capital Outlays Account Classification Total: 560 - Capital Outlays Dept: 90 - Finance EXPENSES Prog: 690 - Capital Culture & Recreation560 - Capital Outlays Account Classification Total: 560 - Capital Outlays EXPENSES Total 600 - Budget End Fund Balance Pa g e 1 4 o f 2 0 Operations Budget Account Number Account Description 2024 Amended Budget 2025 Board Approved 2026 Estimated Budget (without new ILA)Notes 4,169,283.00 $7,187,583.00 $9,001,873.00 31.1310 Local Sales Tax 4,200,000.00 4,800,000.00 4,800,000.00 31.1311 PFD Sales Tax 840,000.00 900,000.00 900,000.00 $5,040,000.00 $5,700,000.00 $5,700,000.00 36.6900 Refunds, Reimbursement, Rebates 0.00 1,000.00 1,000.00 $0.00 $1,000.00 $1,000.00 36.6110 Investment Interest & FMV changes 0.00 250,000.00 250,000.00 $0.00 $250,000.00 $250,000.00 $5,040,000.00 $5,951,000.00 $5,951,000.00 53.3210 Forms Stationary Bus Cards 100.00 500.00 500.00 $100.00 $500.00 $500.00 54.4510 Dues Subscription Memberships 500.00 1,000.00 1,000.00 54.4512 Train Registration Tuition 1,000.00 1,000.00 1,000.00 54.4514 Lodging Meals Miles Airfare 0.00 1,500.00 1,500.00 54.4524 Advertising 500.00 1,500.00 1,500.00 54.4530 Legal Combined Services 12,000.00 15,000.00 15,000.00 54.4540 Organizational Services 954,000.00 950,000.00 950,000.00 KPFD & other oprations 54.4541 Professional Services 1,050,000.00 150,000.00 150,000.00 Matt Watkins Professional services & rebranding 54.4544 Miscellaneous Services 0.00 12,000.00 12,000.00 54.4574 Postage Courier Shipping 0.00 250.00 250.00 54.4635 Insurance Premiums 3,600.00 6,500.00 6,500.00 $2,021,600.00 $1,138,750.00 $1,138,750.00 57.7200 Revenue Bond Principal 0.00 780,000.00 795,000.00 $0.00 $780,000.00 $795,000.00 58.8310 Interest External Bond (Current) 0.00 2,217,460.00 2,203,375.00 $0.00 $2,217,460.00 $2,203,375.00 $2,021,700.00 $4,136,710.00 $4,137,625.00 59.9999 Budget Est End Fund Balance (Unassigned)7,187,583.00 9,001,873.00 10,815,248.00 $7,187,583.00 $9,001,873.00 $10,815,248.00Account Classification Total: 600 - Budget End Fund Balance Account Classification Total: 570 - Debt Principal Prog: 827 - Interest PPFD580 - Debt Interest Account Classification Total: 580 - Debt Interest EXPENSES Total 600 - Budget End Fund Balance 570 - Debt Principal 360 - Miscellaneous Rev Account Classification Total: 360 - Miscellaneous Rev365 - NonOper Rev - Interest Account Classification Total: 365 - NonOper Rev - Interest Total Revenues EXPENSES530 - Supplies Account Classification Total: 530 - Supplies540 - Services Account Classification Total: 540 - Services Prog: 778 - Principal PPFD Account Classification Total: 310 - Taxes Budget Worksheet Report Fund: 931 - Pasco Public Facility District Beginning Fund Balance- (No Bond Revenue) REVENUES310 - Taxes Pa g e 1 5 o f 2 0 Pasco Public Facilities District Building Regional Facilities through Community Partnerships PPFD Officers Elections 2025 Guidelines for Election of PPFD President, Vice President and Secretary/Treasurer 1. Overview of the PPFD Officers: a. The duties of PPFD President’s position: i. Serves as the agent of PPFD; ii. Presides over the PPFD meetings; iii. Prepares the annual PPFD report to the City of Pasco Council in concert with administrative staff. b. The PPFD Vice President performs the President’s duties when the President is unavailable. c. The duties of PPFD Secretary/Treasurer: i. Ensure meetings are documented ii. Keeper of records (or designee) iii. Attest official documents 2. The current President or Presiding Officer states that only the PPFD Board Members may select the President, Vice-President and Secretary/Treasurer positions. 3. The current President or Presiding Officer then opens the floor for nominations for the President’s position stating that any PPFD Board member may nominate another member or they may nominate themselves and that no second is needed. 4. PPFD Board members make their nominations. 5. A nominee may decline the nomination. 6. After each nomination, the current President or Presiding Officer repeats the name of the nominee to the PPFD Board. 7. The current President or Presiding Officer will ask for nominations three times and after the third call not resulting in a nomination, the current President or Presiding Officer will close the floor for nominations. 8. For a nominee to be elected, three or more PPFD Board members must vote for that individual. 9. When there is only one individual nominated, then the current President or Presiding Officer will ask PPFD Board to confirm the election by a voice call vote. 10. In a case of two or more nominees, a roll call vote is conducted with each PPFD Board member stating clearly, whom they are voting for the President’s position. The individual receiving three or more votes is elected. In the instance of three or more nominees, where none attain a majority vote, the PPFD Board may conduct a second vote among the top two candidates from the first vote, again by roll call vote. Once a President has been determined, the newly elected PPFD President shall conduct the elections of the Vice President and Secretary/Treasurer utilizing the same process (steps 3-10). Once the PPFD President, Vice President and Secretary/Treasurer are elected, there may be a need for a short recess so that the seating arrangements may be updated per the results. Page 16 of 20 Pasco Aquatics Facility Monthly Project Update January 2025 Page 1 of 3 Construction Manager: Wenaha Group Design-Builder: Bouten/NAC UPDATE SUMMARY The project design has reached the construction documents phase with 90% documents currently being reviewed. The iGMP has been executed. Rezoning of the project site is in process. The grading permit has been issued and site work is to begin. SCHEDULE Key Milestones Start Completion % Complete Comments Construction Documents November 2024 January 2025 90% Grading Permit 1/10/25 Permit in Hand Onsite Mobilization 1/20/25 Clear and Grub Site 1/20/25 1/30/25 Final GMP February 2025 CURRENT ACTIVITIES • Completing permit drawings and preparing to submit for building permit • Grading permit has been obtained and work expected to begin onsite by 1/20/25. • Hearing examiner has recommended approval of re-zone application and it is expected that City Council will accept recommendation at January council meeting. • Site surveying underway onsite. • Planning for groundbreaking event is underway. ACTIVITIES SCHEDULED FOR NEXT MONTH • Site grading • Development of the final GMP • Approval of re-zone application • Begin foundation work • Planning for groundbreaking event Page 17 of 20 Pasco Aquatics Facility Monthly Project Update January 2025 Page 2 of 3 HIGHLIGHTS • Work beginning onsite!! SCHEDULE COMMENTARY • Design progress continues to trend on schedule for submission of permit set and development of GMP. Grading permit experienced brief delay in issuance which pushed back the start of onsite activity. This time is expected to be recovered as ground clearing is anticipated to go quickly. CHALLENGES AND SOLUTIONS • The site will need to be completely cleared before February 1st. If this is not accomplished, then a bird survey will be required and depending on the results the project risks being delayed by up to several months. Earthwork subcontractor assures the clearing will be done and has made a plan to achieve this important milestone. Budget Status Current Design- Build Contract Design-Build Budget Validation Estimated GMP $7,948,896.00 $39,760,000 $39,760,000 CONTINGENCY STATUS Budgeted Contingency Approved Change Orders Submitted Change Items Estimated Contingency Exposure Percentage of Contingency Exposure $3,590,400 None None $500,000 14% Page 18 of 20 Pasco Aquatics Facility Monthly Project Update January 2025 Page 3 of 3 PROJECT PHOTO GALLERY Grading Permit Page 19 of 20 A B C D E = B - D Sub-Area Description Original Budget Revised Budget Cost To Date Forecast Total Revised Budget vs. Forecast Bond & Legal Bond Counsel 70,000$ -$ -$ -$ Bond Sales 310,000$ -$ -$ -$ Municipal Advisor 70,000$ Insurance - Builder's Risk - In PDB -$ -$ -$ 6576.1 Outside Counsel - PDB 20,000$ 20,000$ 26,355$ 20,000$ -$ 6576.2 Other Legal Costs 45,000$ 45,000$ 30,460$ 45,000$ -$ Subtotal 515,000$ 65,000$ 56,815$ 65,000$ -$ Administration & Approvals 6576.3 Miscellaneous -$ -$ -$ 6576.4 Project Staff Costs - PPFD Staff 312,000$ 312,000$ -$ 312,000$ -$ 6576.5 City of Pasco Staff - ILA 450,000$ 450,000$ -$ 450,000$ -$ Archaeological cosultant - In PDB -$ -$ -$ Testing & Inspection / Special Inspections - In PDB -$ -$ -$ Plan Check, Building Permits - In PDB -$ -$ -$ Environmental/SEPA - In PDB -$ -$ -$ 6576.6 Other AHJ Fees / System Development Charges -$ -$ -$ 6562.1 Electrical / Utility Fees 100,000$ 100,000$ -$ 100,000$ -$ 6576.7 State Commerce Department Review 30,000$ 50,000$ -$ 50,000$ -$ 6576.8 Shrub Steppe Mitigation - In PDB -$ -$ -$ 6576.9 Other Admin Costs 30,000$ 30,000$ 10,000$ 30,000$ -$ Subtotal 922,000$ 942,000$ 10,000$ 942,000$ -$ Off-Site Related Costs Temporary Offices - In PDB -$ -$ -$ Offsite road and utility improvements 2,000,000$ -$ -$ -$ -$ 6540.1 Property Acquisition 3,600,000$ 4,950,000$ 4,626,380$ 4,950,000$ -$ Other Off-site Costs -$ -$ -$ Subtotal 5,600,000$ 4,950,000$ 4,626,380$ 4,950,000$ -$ Professional Fees 6562.2 Project Management 850,000$ 850,000$ 351,161$ 850,000$ -$ Architectural & Engineering - In PDB -$ -$ -$ Survey - In PDB -$ -$ -$ Geotechnical Engineer - In PDB 30,000$ 10,000$ -$ 10,000$ -$ Hazardous Materials Consultants -$ -$ -$ Building Envelope Consultant - In PDB -$ -$ -$ Commissioning - In PDB -$ -$ -$ PDB Validation Costs - In PDB -$ -$ -$ Independent Estimating 50,000$ 50,000$ -$ 50,000$ -$ Subtotal 930,000$ 910,000$ 351,161$ 910,000$ -$ Building Construction - PDB Contract 6549.1 Design-Builder 30,250,000$ 32,720,000$ 1,733,576$ 32,720,000$ -$ 6562.3 Archeological Consultant 50,000$ 50,000$ -$ 50,000$ -$ 6562.4 Testing and Special Inspections 150,000$ 150,000$ -$ 150,000$ -$ 6562.5 Plan Check, Building Permits 300,000$ 300,000$ -$ 300,000$ -$ 6562.6 Environmental/SEPA 10,000$ 10,000$ -$ 10,000$ -$ Additional Funds for Option 2 3,430,000$ -$ 3,430,000$ -$ 800,000$ -$ 800,000$ -$ Added Betterments 2,300,000$ 2,300,000$ Sale Tax (included above)-$ -$ -$ Subtotal 30,760,000$ 39,760,000$ 1,733,576$ 39,760,000$ -$ Furnishings & Equipment 6584.1 FF&E 600,000$ 600,000$ -$ 600,000$ -$ 6584.2 Network Equipment -$ -$ -$ 6584.3 Telecommunications 20,000$ 20,000$ -$ 20,000$ -$ 6584.4 Moving Expenses -$ -$ -$ 6584.5 FF&E Consultant 20,000$ 20,000$ -$ 20,000$ -$ 6585.6 Other FF&E Costs -$ -$ -$ -$ -$ Subtotal 640,000$ 640,000$ -$ 640,000$ -$ Contingency 6578.1 Owner's Contingency (7.7% of construction cost) 2,580,000$ 3,590,400$ 3,590,400$ -$ Subtotal 2,580,000$ 3,590,400$ 3,590,400$ -$ Under / (Over) TOTAL 41,947,000$ 50,857,400$ 6,777,932$ 50,857,400$ -$ Income & Project Under/Over 50,857,400$ Bond Proceeds 50,046,928$ 51,046,928$ Interest Income -$ 189,528$ PPFD Cash Reserves 1,000,000$ -$ Total Income 51,046,928$ 6,777,932$ PPFD - Aquatics Facility MASTER BUDGET - BIG SHEET Total Expenses to Date Total Project cost Total Income Under / (Over) Page 1Page 20 of 20