HomeMy WebLinkAbout2019.09.17 PPFD Agenda Packet Documents will be provided with Agenda
Pasco Public Facilities District Board
Building Regional Facilities through Community Partnerships
AGENDA
Tuesday, September 17, 2019
4:00 p.m.
Pasco City Hall – Council Chambers
I.Call to order and roll call
II.Recognition of Visitors/Public Comments
III.Approval of Minutes:
August 20, 2019
IV.Claims Approval:
N/A
V.Financial Report:
N/A
VI.Reports from Committees:
Kennewick Convention Center Advisory Board
Report on Regional PFD
VII.Old Business:
VIII.New Business:
Site Assessment Scope Change
October 2019 Workshop Dates with Ballard-King
IX.Other Business:
Report from Staff
X.Adjournment
PUBLIC FACILITIES DISTRICT BOARD
Meeting Minutes – August 20, 2019
Page - 1
PASCO PUBLIC FACILITIES DISTRICT BOARD
AUGUST 20, 2019
MEETING MINUTES
Call to Order:
The meeting was called to order at 4:08 p.m., by PPFD President Morrissette, in City Council
Chambers at Pasco City Hall.
Roll Call:
BOARD MEMBERS
CAROLINE BOWDISH Board Member Present
LEONARD DIETRICH Board Member
MARIE GILLESPIE Board Member Present
SPENCE JILEK Board Member Present
MARK MORRISSETTE Board Member - Chair Present
COUNCIL & STAFF
ZACH RATKAI Admin. & Com. Services
Director
Present
DAVID MILNE City Council Liaison Present
CRAIG MALONEY City Council Liaison Present
ERIC FERGUSON City Attorney Present
DAVE ZABELL City Manager Present
ANGELA PASHON City Clerk Present
GUESTS
MICHAEL MORALES City of Pasco
RICH NELSON Life Quest
DARLENE NELSON Life Quest
CARL CADWELL Life Quest
FRED LAMOTHE Life Quest
SONNIA KING Life Quest
JOESPH
MORRISSETTE
Guest
KIM SHUGART Visit Tri-Cities
AMANDA JONES Private Citizen of Tri-Cities
ANNE RETTIG Life Quest
CLAUDE OLIVER Tri-Cities Realty
PUBLIC FACILITIES DISTRICT BOARD
Meeting Minutes – August 20, 2019
Page - 2
Approval of Minutes:
It was motioned by Mr. Jilek, seconded by Ms. Bowdish, and carried to approve the minutes of
the July 16, 2019 Meeting.
Claims Approval:
N/A
Financial Report:
N/A
Reports:
Mr. Morrissette reviewed items the Board sought presentations on:
1.Public Disclosure Act – presentation provided by Kerr-Ferguson Law at July 16, 2019,
meeting.
2.Financial feasibility of facility by banking industry – presentation by Amanda Jones at
this meeting.
3.Public-Private Partnerships – TBD
Old Business/New Business/Other Business:
1.Presentation – Finance Private Development
Ms. Amanda Jordan presented how a conventional bank would look to finance a waterpark
facility with the assumption it could not be converted to another use. For a new operation,
cash flow and revenue would not be demonstrated and comparable facilities would be
reviewed, a revenue stream mix and expenses would be determined. The ownership structure
and outside funds (liquid cash) reviewed as well as profitability. An aquatics facility would
be considered a special use loan, typically assigned a 65% max-loan to value. Special use
loan can require collateral and assets may require liquidation in addition to contingencies.
Loan likely to require venture capital or owner supplied funding.
Mr. Mahoney indicated it would be a heavy lift to seek commercial/private sector investor to
finance project.
Mr. Morrissette inquired about non-traditional sources for financing. Ms. Jordan indicated
there may be some opportunity with small business associations and governmental grants but
that she could not advise on those options.
2.Election Timeline Draft
Mr. Ratkai provided a draft election outline.
PUBLIC FACILITIES DISTRICT BOARD
Meeting Minutes – August 20, 2019
Page - 3
3. Aquatic Center Amenities Review
Mr. Ratkai stated staff is working with Ballard-King. At a future meeting, Ballard-King will
present to the Board.
4. Update of Revised Aquatic Feasibility Study
Mr. Zabell provided history of the 2016 Ballard-King study. The study showed several
scenarios and included desired amenities. The study is not meant to be a direct competition
with private facilities.
5. Legal Updates
Mr. Ferguson had no updates for the Board.
Executive Session
Started at 4:36 p.m. for the purpose of discussing real estate matters and returned at 4:56 p.m.
Visitors/Public Comment
Claud Oliver provided the Board a handout on “Children’s Village.”
Carl Cadwell stated he assisted with the Centralia aquatics center, a city-private-school district
partnership.
Adjournment:
There being no other business, the meeting was adjourned at 5:17 p.m.
________________________________ ________________________________
Mark Morrissette, President Angela Pashon, PFD Secretary