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HomeMy WebLinkAbout2021.03.02 PPFD MinutesPASCO PUBLIC FACILITIES DISTRICT BOARD MARCH 2, 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 Board Member— Secretary/ Treasurer LEONARD DIETRICH 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 (Virtually) Present - Arrived (Virtually) at 4:19 PM Present (Virtually) Present (Virtually) Present (In -Person) Present (In Person) Present - Arrived (Virtually) at 4:03 PM Present (In Person) Present - Arrived (virtually) at 4:04 PM Present - Arrived (in- person) at 4:03 PM Absent Present (In Person) Ms. Bowdish moved and Dr. Jilek seconded a motion to approve the minutes of the January 19, 2021, meeting. The motion carried unanimously. Mr. Milne arrived virtually at 4:03 PM. New Business: 1. Financial Analysis of Proposed Aquatic Facility Mr. Zabell noted that based on the last PPFD Board meeting, City staff enlisted the help from Mr. Steve Nolen, a former Finance Director and City Manager, to provide a third -party financial review of PPFD available funding for an aquatic facility. March 2, 2021 PPFD Minutes Page - 1 Mr. Ratkai explained the methodology of Mr. Nolen's Financial Analysis including the areas and reports he reviewed through a PowerPoint presentation provided by Mr. Nolen. Discussion ensued regarding Sales Tax assumptions, the final Financial Analysis, Bond Counsel, purchase of the site (real estate), Ballard -King Study and the ability to combine all the elements into an understandable form that the PPFD Board can understand and relay to anyone on the street that may ask questions related to it. PPFD Board agreed that staff would provide the Financial Analysis report in the next few weeks so that the Board members may have an opportunity review the report. After the report is reviewed by the Board members, the PPFD Board will meet in a workshop to review the report as a collective and have the opportunity to ask questions and tweak the report. Next regular meeting was scheduled for April 20, 2021. Adjournment: There being no other business, the meeting adjourned at 5:10 PM. rk MorrissJtte, President Debra Barham, Pasco City Clerk APPROVED this 4th day of May, 2021 March 2, 2021 PPFD Minutes Page - 2