The URL can be used to link to this page

Home My WebLink About2021.12.21 PPFD Agenda PacketPasco Public Facilities District Board Building Regional Facilities through Community Partnerships  Documents will be provided with Agenda. AGENDA Tuesday, December 21, 2021 4:00 p.m. Pasco City Hall – Council Chambers https://global.gotomeeting.com/join/440094813 United States: +1 (646) 749-3112 One-touch: tel:+16467493112 , 440094813# Access Code: 440-094-813 I. Call to order and roll call II. Recognition of Visitors/Public Comments III. Approval of Minutes:  November 16, 2021 PPFD Meeting Minutes IV. Claims Approval: V. Financial Report: • Grant from City of Pasco (Zach Ratkai) VI. Old Business:  Response to Mr. Morrissette list of questions and request for additional Statistics (Zach Ratkai) VII. New Business: o Next Steps for the PPFD Related to the Proposition (Eric Ferguson, PPFD Attorney) o Upcoming Mandatory Trainings: 1. Roles/Responsibilities/Stance Regarding Educating Public when a Proposition is on the Franklin County Ballot – January 28, 2022 2. Open Government Trainings Act Training – February 15, 2022 VIII. Adjournment: November 16, 2021 PPFD Minutes Page - 1 PASCO PUBLIC FACILITIES DISTRICT BOARD NOVEMBER 16, 2021 MEETING MINUTES Call to Order: Pasco Public Facilities District (PPFD) President Morrissette called the meeting to order at 4: PM the in the Council Chambers at Pasco City Hall and via GoToMeeting. Roll Call: BOARD MEMBERS CAROLINE BOWDISH Board Member– Secretary / Treasurer Present LEONARD DIETRICH Board Member Present MARIE GILLESPIE Board Member – Vice President Absent SPENCER JILEK Board Member Present MARK MORRISSETTE Board Member – President Present COUNCIL & STAFF CRAIG MALONEY Council Liaison Present DAVID MILNE Council Liaison Absent DAVE ZABELL City Manager Absent ERIC FERGUSON City Attorney Present ZACH RATKAI Administrative & Community Srvs. Director Present DEBBY BARHAM City Clerk Present Approval of Minutes: Mr. Dietrich moved, and Ms. Bowdish seconded a motion to approve the minutes of the October 19, 2021, regular meeting minutes. The motion carried unanimously. Financial Report: • Grant Request to City of Pasco (Zach Ratkai) Mr. Ratkai stated that the PPFD Board has a negative funding balance due to expenditures associated with the analysis of a proposed aquatic facility. He reported that the City of Pasco Finance Department provided a projected deficit up to $250,000 through a financial review of the PPFD finances. He recommended that the PPFD Board consider passing a motion to request a $250,000 grant from the City to sustain the PPFD 2022. Mr. Dietrich moved, and Ms. Bowdish seconded a motion wherein the PPFD Board requests a $250,000 grant from the City of Pasco. The motion carried unanimously. DRAFT November 16, 2021 PPFD Minutes Page - 2 Old Business: Mr. Morrissette requested updates to the PowerPoint presentation recently provided to Pasco City Council as he anticipates using this presentation to the public when the ballot measure is issued. Then he questioned if the land purchased for an aquatic facility should be paid for through the bond funds or out of the first-year sales tax funds. Mr. Ferguson stated that the PPFD Board needs focus on the current proposed resolution for the submission of a proposition to voters a Sales and Use Tax for funding an aquatic facility and not decide on the funding of any aspects of an aquatic facility. Mr. Morrissette asked Mr. Ratkai for the following items for the next PPFD meeting: 1. Update the PowerPoint presentation. 2. A list of Washington State, by county, per capita income. 3. A list of the publicly and privately owned aquatic facilities within the Pacific Northwest (Washington, Idaho, and Oregon). 4. A report on how the aquatic facility bond revenue and sales tax revenue will be spent; make a list of where the $ is coming from and how it is spent. New Business: • Approval of Proposed Resolution Providing for the Submission of a Proposition to Qualified Voters of the Pasco Public Facilities District, imposing a 2/10ths of 1% Sales and Use Tax for the Purpose of Funding an Aquatic Facility and Requesting that the Franklin County Auditor place the Proposition on the February 8, 2022 Ballot (Eric Ferguson, PPFD Attorney) Mr. Ferguson discussed the contents of the proposed resolution. Mr. Dietrich commented on when the best time would be to place this proposition on a ballot and suggested moving it to April 26, 2022 Special Election Ballot. Mr. Ferguson instructed the PPFD Board on their responsibilities, RCW requirements and restrictions that they will need to adhere to once the proposition request is accepted by the Franklin County Auditor. He will provide a checklist of tasks that will need to be completed after the issue is on the ballot. Mr. Dietrich recommended that once the proposition is placed on the ballot, then staff will need to provide frequent communication, on a regular basis, regarding the status of the required checklist. Mr. Morrissette asked if the proposition is moved to the April 26, 2022 ballot, can it be voted on today and can the PPFD Board continue to develop the presentation materials. Mr. Ferguson stated that once the resolution to place a proposition on a ballot is passed, then the PPFD Board must be very careful to provide information regarding the proposition but not November 16, 2021 PPFD Minutes Page - 3 in a manner that appears to be “for” or “against” the proposition. PPFD Board, staff, and Mr. Maloney discussion ensued regarding the when the proposed resolution should be passed and forwarded to Franklin County along with which ballot it should appear on, February 2022, April 2022, etc. They also discussed the timing for preparing the informational information, establishing the Pro and Con committees, preparing the process checklist, etc. Dr. Jilek moved and Mr. Dietrich seconded a motion to move the approval of proposed resolution providing for the Submission of a proposition to qualified voters of the Pasco Public Facilities District, imposing a 2/10ths of 1% sales and use tax for the purpose of funding an aquatic facility and requesting that the Franklin County Auditor place the proposition on the April 26, 2022 ballot, to the January 18, 2022, PPFD Board Meeting. The motion carried unanimously. Other Business: The next meeting was the regularly scheduled meeting is December 21, 2021, at 4:00 PM. Adjournment: There being no other further business, the meeting adjourned at 5:02 PM. APPROVED this ___ day of ______________________, 2021 ________________________________ __________________________________ Mark Morrissette, President Debra Barham, Pasco City Clerk Financing: Initial Bond and Development Cost 1 Bond Start-Up Costs Bond Counsel (Attorney) $100,000 Financial Advisor $45,000 Dept of Commerce Feasibility Review $30,000 Underwriting Fee $250,000 City Attorney Fees $50,000 TOTAL $475,000 Total Development/Bond Cost Initial Bond Proceeds $40,000,000 Bond Start-up Costs (See Breakdown) ($475,000) Land Purchase ($2,000,000) Closing Costs (8%)($106,000) Site Development ($300,000) Const. Contingency (10%)($4,000,000) Facility Cost $33,065,000 Financing: Bond Sale First Year 2 •Findings: •First Four Years •Includes Capital Replacement Reserve (within Facility Operating Costs) •Excess Revenue intended to subsidize operations and fund future Phase II Expansion Year 1 Year 2 Year 3 Year 4 Facility Operating Costs $0 ($1,109,473)($2,329,894)($2,446,389) Facility Administrative Costs ($26,250)($55,125)($57,881)($60,775) Total Operating Costs ($26,250)($1,164,598)($2,387,775)($2,507,164) Facility Revenues $0 $0 $1,845,723 $1,919,552 Operating Deficit ($26,250)($1,164,598)($542,052)($587,612) Bond Sales and Management ($475,000) Land Purchase ($2,000,000) Bond Payment (Debt Service) $0 ($2,838,098)($2,838,098)($2,838,098) TOTAL EXPENSE ($2,501,250)($4,002,696)($3,380,150)($3,425,710) .2% (.002) Sales Tax Revenue to PFD $3,646,391 $3,825,064 $4,012,492 $4,209,105 Excess Revenue (Expense) $1,145,141 ($177,632)$632,342 $783,395 Beginning Cash Balance $0 $1,145,141 $789,877 $2,054,561 Ending Cash Balance $1,145,141 $789,877 $2,054,561 $3,621,351 Financing: Bond Sale Second Year 3 •Findings: •First Four Years •Includes Capital Replacement Reserve (within Facility Operating Costs) •Excess Revenue intended to subsidize operations and fund future Phase II Expansion Year 1 Year 2 Year 3 Year 4 Facility Operating Costs $0 ($1,109,473)($2,329,894)($2,446,389) Facility Administrative Costs ($26,250)($55,125)($57,881)($60,775) Total Operating Costs ($26,250)($1,164,598)($2,387,775)($2,507,164) Facility Revenues $0 $0 $1,845,723 $1,919,552 Operating Deficit ($26,250)($1,164,598)($542,052)($587,612) Bond Sales and Management ($475,000) Land Purchase ($2,000,000) Bond Payment (Debt Service) $0 ($2,838,098)($2,838,098)($2,838,098) TOTAL EXPENSE ($26,250)($6,477,696)($1,534,427)($1,506,158) .2% (.002) Sales Tax Revenue to PFD $3,646,391 $3,825,064 $4,012,492 Excess Revenue (Expense) $3,620,141 ($2,652,632)$2,478,065 ($1,506,158) Beginning Cash Balance $0 $3,620,141 ($1,685,123)$3,271,007 Ending Cash Balance $3,620,141 ($1,685,123)$3,271,007 $258,691 Year 1 Year 2 Year 3 Year 4 Facility Operating Costs $0 ($1,109,473)($2,329,894)($2,446,389) Facility Administrative Costs ($26,250)($55,125)($57,881)($60,775) Total Operating Costs ($26,250)($1,164,598)($2,387,775)($2,507,164) Facility Revenues $0 $0 $1,845,723 $1,919,552 Operating Deficit ($26,250)($1,164,598)($542,052)($587,612) Bond Sales and Management ($475,000) Land Purchase ($2,000,000) Bond Payment (Debt Service) $0 ($2,838,098)($2,838,098)($2,838,098) TOTAL EXPENSE ($26,250)($6,477,696)($1,534,427)($1,506,158) .2% (.002) Sales Tax Revenue to PFD $3,646,391 $3,825,064 $4,012,492 Excess Revenue (Expense) $3,620,141 ($2,652,632)$2,478,065 ($1,506,158) Beginning Cash Balance $0 $3,620,141 ($1,685,123)$3,271,007 Ending Cash Balance $3,620,141 ($1,685,123)$3,271,007 $258,691 Bond Sale 2nd Year 1 Year 2 Year 3 Year 4 Facility Operating Costs $0 ($1,109,473)($2,329,894)($2,446,389) Facility Administrative Costs ($26,250)($55,125)($57,881)($60,775) Total Operating Costs ($26,250)($1,164,598)($2,387,775)($2,507,164) Facility Revenues $0 $0 $1,845,723 $1,919,552 Operating Deficit ($26,250)($1,164,598)($542,052)($587,612) Bond Sales and Management ($475,000) Land Purchase ($2,000,000) Bond Payment (Debt Service) $0 ($2,838,098)($2,838,098)($2,838,098) TOTAL EXPENSE ($2,501,250)($4,002,696)($3,380,150)($3,425,710) .2% (.002) Sales Tax Revenue to PFD $3,646,391 $3,825,064 $4,012,492 $4,209,105 Excess Revenue (Expense) $1,145,141 ($177,632)$632,342 $783,395 Beginning Cash Balance $0 $1,145,141 $789,877 $2,054,561 Ending Cash Balance $1,145,141 $789,877 $2,054,561 $3,621,351 Bond Sale First Name Location State Public/Private Silver Rapids Waterpark Kellogg Idaho Private Boulder Beach Water Park Ahtol Idaho Private Roaring Springs Water Park Meridian Idaho Private Rexburg Rapids Rexburg Idaho Public Pendleton Aquatic Center Pendleton Oregon Public Hermiston Aquatic Center Hermiston Oregon Public N. Clackamas Aquatic Park Milwaukie Oregon Public Wings & Waves Waterpark McMinnville Oregon Private Splash at Lively park Springfield Oregon Public Asotin County Aqautic Center Asotin County Washington Public YMCA Aquatic Center Yakima Washington Private - NonProfit Splash Down Cove Kennewick Washington Private Surf and Slide Moses Lake Washington Private Slidewaters Chelan Washington Private Wild Waves Federal Way Washington Private Great Wolf Lodge Centralia Washington Private Southside Aquatic Center Spokane County Washington Public Snohomish Aquatic Center Snohomish Washington Public Prosser Aqauatic Center Prosser Washington Public Aquatic Facility List County Projection Per 2020 Capita Income State Avg $81,668 Okanogan $40,778 Pend Oreille $47,214 Stevens $51,227 Columbia $51,236 Cowlitz $52,179 Garfield $52,951 Pacific $53,710 Whitman $54,316 Adams $56,012 Clallam $56,422 Spokane $56,602 Ferry $58,066 Yakima $58,736 Skagit $59,078 Douglas $60,382 Lewis $61,047 Walla Walla $61,445 Asotin $61,453 Kittitas $61,530 Wahkiakum $63,009 Klickitat $65,722 Lincoln $65,739 Grant $65,786 Chelan $66,380 Grays Harbor $66,859 Jefferson $67,477 Franklin $69,072 Skamania $70,210 Mason $73,697 Whatcom $74,469 Benton $75,233 Island $75,530 Pierce $78,518 San Juan $78,963 Kitsap $79,551 Thurston $80,738 Clark $84,671 Snohomish $90,497 King $109,151