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HomeMy WebLinkAbout2021.01.19 PPFD MinutesPASCO PUBLIC FACILITIES DISTRICT BOARD JANUARY 19, 2021 MEETING MINUTES Call to Order: Pasco Public Facilities District (PPFD) Board President Morrissette called the meeting to order at 4:03 PM remotely, via GoToMeeting. Roll Call: BOARD MEMBERS CAROLINE BOWDISH LEONARD DIETRICH Board Member— Secretary/ Treasurer Board Member MARIE GILLESPIE Board Member — Vice President SPENCER JILEK Board Member MARK MORRISSETTE Board Member - President COUNCIL & STAFF ZACH RATKAI DAVID MILNE CRAIG MALONEY ERIC FERGUSON DAVE ZABELL ADAM LINCOLN DEBBY BARHAM Approval of Minutes: Admin. & Com. Services Director City Council Liaison City Council Liaison City Attorney City Manager Deputy City Manager City Clerk Present -Arrived (Virtually) at 4:08 PM Present (Virtually) Present (Virtually) Present (Virtually) Present (In Person) Present (In Person) Present (Virtually) Present (Virtually) Present (Virtually) Present (Virtually) Present (In Person) Present (In Person) Mr. Dietrich moved and Dr. Jilek seconded a motion to approve the minutes of the December 15, 2020, meeting. The motion carried unanimously. Claims Approval: Mr. Dietrich moved and Dr. Jilek seconded a motion to approve the Fourth (4th) Quarter 2020 claims/expenditures for $222.530.53. The motion carried unanimously. Financial Report: Mr. Morrissette asked the PPFD Board members if they had any questions regarding the Fourth (4th) 2020 Financial Report. The Board briefly discussed the Financial Report. January 19, 2021 PPFD Minutes Page - 1 Ms. Bowdish arrived virtually at 4:08 PM. Old Business: 1. Department of Commerce Process Mr. Ratkai provided a presentation on the Department of Commerce (DOC) process, formally known as the PFD Financial Feasibility Review, required by Washington State since 2012. He provided the anticipated timeline and next steps for the DOC Analysis. Discussion ensued regarding the DOC process. 2. Ballard King Study — Construction and Development Mr. Ratkai noted that Ballard King first provided a study in 2016 and revised it in 2019. He then provided details of the Phase I and II of the proposed Aquatic Center, including costs to construct it; however, it does not include the cost of property site. 3. Financing - Cost Estimations/Bond and Capital Mr. Ratkai noted that the most recent Bond Capacity Analysis provided in 2020 is still valid of $28 million in Bond Capacity. Discussion ensued regarding the conservative Bond Capacity (revenue) and costs of the Aquatic Facility including the construction of the facility, land purchase, and on-going operating expenses. 4. Land Acquisition Re -visitation Mr. Ratkai stated that an executive session would be held at the next meeting. Mr. Ratkai provided a recommend course of action. The PPFD Board concurred on moving forward with an independent financial analysis of the proposed Aquatic Facility insuring that the project is achievable. Mr. Ratkai noted that the recent Audit concluded favorably. New Business: 1. Insurance is renewed and active. 2. Need a 2021 Budget. 3. Request to meet on Tuesday, March 2, 2021 instead of February 17, 2021. January 19, 2021 PPFD Minutes Page - 2 Adjournment: There being no other business, the meeting adjourned at 4:44 PM. Ma/k Morrissette, President gcw �V Debra Barham, Pasco City Clerk APPROVED this R day of NA 12021 January 19, 2021 PPFD Minutes Page - 3