HomeMy WebLinkAbout01-06-2016 Regular MeetingPUBLIC FACILITIES DISTRICT BOARD
January 6, 2016
MINUTES
Call To Order:
The meeting was called to order at 4:02 p.m., by PFD President Morrissette, in Conference
Room #1 at Pasco City Hall.
Roll Call:
Board Members Present: Craig Maloney, Spence Jilek, Mark Morrissette, Leonard Dietrich
and Caroline Bowdish.
Also Present: Mayor Matt Watkins, Stan Strebel, Deputy City Manager, Lee Kerr, Attorney
and Rick Terway, Director Administrative and Community Services.
Visitor: Mr. Felix Vargas
Approval of Minutes:
It was motioned by Mr. Dietrich, seconded by Dr. Jilek, and carried to approve the minutes
of the October 21, 2015 Regular Meeting.
Claims Approval:
Mr. Strebel presented fourth quarter Claims History. Following discussion, it was motioned
by Dr. Jilek seconded by Mr. Maloney and carried to approve payment of fourth quarter
claims in the total amount of $114,147.96.
Financial Report:
Mr. Strebel presented the fourth quarter Operating Statement reflecting Total Sources of
Funds $389,465.00 and Total Uses of Funds $384,784.00. The fourth quarter Net Assets
Statement was also presented reflecting an actual Net Asset balance of $53,992.22.
Following discussion, the Financial Report was accepted as presented.
Old Business:
None
New Business:
Proposed 2016 Budget
Mr. Strebel presented the proposed 2016 Budget
It was motioned by Ms. Bowdish, seconded by Mr. Maloney, and carried to approve the 2016
Pasco Public Facilities Budget as presented.
PUBLIC FACILITIES DISTRICT BOARD
Minutes — January 6, 2016
Page - 1
Other Business
Discussion with Matt Watkins, City Council representative to Regional PFD
Mayor Watkins acknowledged the Board Members for their enthusiasm for embarking on a
new project and stated "Is the time right for talk of a Regional PFD project; no affirmative
answer at this time".
Discussion followed regarding the activities of Kennewick PFD, Richland PFD and Pasco
PFD.
Mr. Strebel provided an overview of the financing limits for public facilities districts and
referred to RCWs regarding General Obligation Bonds and Revenue Bonds for PFDs. The
limit for GO bonds is % of one percent of assessed value, meaning that the Pasco PFD could
borrow up to about $20m for a project, even though the projected sales tax revenue stream (at
.02%) would support debt service for about $28m. Stan also presented for discussion rough
budget summaries prepared by Barker Rinker Seacat Architecture for alternate sizes of
aquatic/recreation facilities.
Mr. Strebel asked the Board Members: How would you like to proceed?
President Morrissette recognized Mr. Vargas and invited comment:
Mr. Vargas, shared this is an educational opportunity for the PFD to share with the public
and there is great community support.
President Morrissette recognized Mr. Terway and invited comment:
Mr. Terway, shared an aquatic center including a variety of activities would be beneficial to
the effort.
Mayor Watkins asked the Board Members for a consensus on how best to proceed in sharing
the Pasco PFD direction with Regional PFD members.
Mr. Strebel shared, if the Board Members would like to pursue a more detailed analysis then
we can return to the consultant for a more specific aquatic center value and acreage need.
General consensus have Mr. Strebel request the consultant develop a pro -forma with rough
area of magnitude price ranges for an aquatic/recreation center (within the $20m limit).
President Morrissett stated a Special Meeting will be called in February — details to follow.
Adjournment:
There being no other business, President Morrisse a o ed the ting 5• p.m.
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Mdrk Morrissette, President ebra L. Clark, PFD Secretary
PUBLIC FACILITIES DISTRICT BOARD
Minutes — January 6, 2016
Page - 2