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