1. Written Briefings: a. Electric Utility System Refunding Bonds, New Series 2015 Council is requested to consider refunding approximately $17 million Electric Utility System Revenue Bonds, Series 2006. The refunding transaction will reduce total debt service by approximately $2.5 million. If Council concurs, this item will be scheduled for formal consideration at the January 20, 2015 Regular Meeting. b. General Obligation Commercial Paper Program The General Obligation Tax-Exempt Commercial Paper Program was initially approved in 2002. The program has been a low-cost financing tool for the 1991, 1997, and 2004 voter authorized bond programs. The contractual agreements for the current commercial paper program will expire in January 2015. Council is requested to consider terminating existing agreements and authorizing agreements for new commercial paper dealer services and new liquidity facility provider services. If Council concurs, this item will be scheduled for formal consideration at the January 20, 2015 Regular Meeting. c. General Obligation Refunding Bonds, Series 2015A The General Obligation Commercial Paper Program, Series 2012 will expire in January 2015. Council is requested to consider refunding approximately $25 million variable rate General Obligation Commercial Paper notes, Series 2012 by issuing fixed rate General Obligation Refunding Bonds, Series 2015A. If Council concurs, this item will be scheduled for formal consideration at the January 20, 2015 Regular Meeting. d. General Obligation Refunding Bonds, Series 2015B General Obligation Refunding Bonds, Series 2007B was issued to refund General Obligation Bonds, Series 2005B which was issued in conjunction with the development of Harbor Point. A provision of the Series 2005B and 2007B bonds is the interest rate structure. Interest rates were capped to a below market rate for the period 2005 to 2015. For the period 2006 to 2025, interest rates reset to 15%. Council is requested to consider refunding approximately $22.4 million General Work Session Agenda December 1, 2014 Page 4 Obligation Bonds, Series 2007B with General Obligation Refunding Bonds, Series 2015B prior to the interest rate reset. If Council concurs, this item will be scheduled for formal consideration at the January 20, 2015 Regular Meeting.
Garland Youth Council Report Dattomo The Garland Youth Council will provide an update on their “Teen Talk” event that was held on March 29, 2014.
Transportation Report Schaffner Dean International, the City’s transportation consultant, will update Council on the following: • Transportation Program Updates o IH-635 ? Next Steps o IH-30 o Annual Missions Update • Strategic Events Update • Advocacy Group Update • Transportation Updates o TEX-21 o Regional Policy o Federal Policy o State Update
Austin Transportation B. J. Williams/Dodson Legislative Meetings At the request of Council Members B. J. Williams and Lori Barnett Dodson, Mayor Pro Tem Jim Cahill will brief Council on the transportation legislative meetings that were held in Austin on November 20 and 21.
Downtown Square Design Options Dodson/B. J. Williams At the request of Council Members Lori Barnett Dodson and B. J. Williams, a presentation will be made regarding the design options prepared for the Downtown Square. These options were created by a consultant team and have been previously presented for public review. Formal review by Council to determine a final design will take place in the third quarter of 2015.
Recyclables Processing and Marketing Agreement Banks The current extension to the Recyclables Processing and Marketing Agreement with Republic Services to transport, process, and sell recyclable materials from the City’s Residential/Commercial Recycling Program, Drop-Off Recycling Center, and Workplace Recycling Program will expire on December 31, 2014. Council is requested to authorize staff to initiate a new agreement with Community Waste Disposal, LLP.
Review of Neighborhood Vitality Montgomery Grant Applications The Community Services Committee reviewed three Neighborhood Vitality Grant applications at their November 17, 2014 meeting and is forwarding the applications to be considered by Council.
Garland Development Code (GDC) Montgomery At its November 10, 2014 meeting, the Plan Commission completed its consideration of comments received through the GDC public review and hearing process, and has forwarded its recommendations for adoption of the draft GDC and Zoning Map to Council.
Discuss Appointments to Boards and Commissions Council • Scott Roberts – Plan Commission (District 1) • Harlan Ray Seagren – Garland Cultural Arts Commission (District 1) • Deo Sookdeo – Community Multicultural Commission (District 1)
Consider the Consent Agenda Council A member of the City Council may ask that an item on the consent agenda for the next regular meeting be pulled from the consent agenda and considered separate from the other consent agenda items. No substantive discussion of that item will take place at this time.
Announce Future Agenda Items Council A member of the City Council, with a second by another member, or the Mayor alone, may ask that an item be placed on a future agenda of the City Council or a committee of the City Council. No substantive discussion of that item will take place at this time.
Dec 01, 2014 Work Session
1. Written Briefings: a. Electric Utility System Refunding Bonds, New Series 2015 Council is requested to consider refunding approximately $17 million Electric Utility System Revenue Bonds, Series 2006. The refunding transaction will reduce total debt service by approximately $2.5 million. If Council concurs, this item will be scheduled for formal consideration at the January 20, 2015 Regular Meeting. b. General Obligation Commercial Paper Program The General Obligation Tax-Exempt Commercial Paper Program was initially approved in 2002. The program has been a low-cost financing tool for the 1991, 1997, and 2004 voter authorized bond programs. The contractual agreements for the current commercial paper program will expire in January 2015. Council is requested to consider terminating existing agreements and authorizing agreements for new commercial paper dealer services and new liquidity facility provider services. If Council concurs, this item will be scheduled for formal consideration at the January 20, 2015 Regular Meeting. c. General Obligation Refunding Bonds, Series 2015A The General Obligation Commercial Paper Program, Series 2012 will expire in January 2015. Council is requested to consider refunding approximately $25 million variable rate General Obligation Commercial Paper notes, Series 2012 by issuing fixed rate General Obligation Refunding Bonds, Series 2015A. If Council concurs, this item will be scheduled for formal consideration at the January 20, 2015 Regular Meeting. d. General Obligation Refunding Bonds, Series 2015B General Obligation Refunding Bonds, Series 2007B was issued to refund General Obligation Bonds, Series 2005B which was issued in conjunction with the development of Harbor Point. A provision of the Series 2005B and 2007B bonds is the interest rate structure. Interest rates were capped to a below market rate for the period 2005 to 2015. For the period 2006 to 2025, interest rates reset to 15%. Council is requested to consider refunding approximately $22.4 million General Work Session Agenda December 1, 2014 Page 4 Obligation Bonds, Series 2007B with General Obligation Refunding Bonds, Series 2015B prior to the interest rate reset. If Council concurs, this item will be scheduled for formal consideration at the January 20, 2015 Regular Meeting.
Garland Youth Council Report Dattomo The Garland Youth Council will provide an update on their “Teen Talk” event that was held on March 29, 2014.
Transportation Report Schaffner Dean International, the City’s transportation consultant, will update Council on the following: • Transportation Program Updates o IH-635 ? Next Steps o IH-30 o Annual Missions Update • Strategic Events Update • Advocacy Group Update • Transportation Updates o TEX-21 o Regional Policy o Federal Policy o State Update
Austin Transportation B. J. Williams/Dodson Legislative Meetings At the request of Council Members B. J. Williams and Lori Barnett Dodson, Mayor Pro Tem Jim Cahill will brief Council on the transportation legislative meetings that were held in Austin on November 20 and 21.
Downtown Square Design Options Dodson/B. J. Williams At the request of Council Members Lori Barnett Dodson and B. J. Williams, a presentation will be made regarding the design options prepared for the Downtown Square. These options were created by a consultant team and have been previously presented for public review. Formal review by Council to determine a final design will take place in the third quarter of 2015.
Recyclables Processing and Marketing Agreement Banks The current extension to the Recyclables Processing and Marketing Agreement with Republic Services to transport, process, and sell recyclable materials from the City’s Residential/Commercial Recycling Program, Drop-Off Recycling Center, and Workplace Recycling Program will expire on December 31, 2014. Council is requested to authorize staff to initiate a new agreement with Community Waste Disposal, LLP.
Review of Neighborhood Vitality Montgomery Grant Applications The Community Services Committee reviewed three Neighborhood Vitality Grant applications at their November 17, 2014 meeting and is forwarding the applications to be considered by Council.
Garland Development Code (GDC) Montgomery At its November 10, 2014 meeting, the Plan Commission completed its consideration of comments received through the GDC public review and hearing process, and has forwarded its recommendations for adoption of the draft GDC and Zoning Map to Council.
Discuss Appointments to Boards and Commissions Council • Scott Roberts – Plan Commission (District 1) • Harlan Ray Seagren – Garland Cultural Arts Commission (District 1) • Deo Sookdeo – Community Multicultural Commission (District 1)
Consider the Consent Agenda Council A member of the City Council may ask that an item on the consent agenda for the next regular meeting be pulled from the consent agenda and considered separate from the other consent agenda items. No substantive discussion of that item will take place at this time.
Announce Future Agenda Items Council A member of the City Council, with a second by another member, or the Mayor alone, may ask that an item be placed on a future agenda of the City Council or a committee of the City Council. No substantive discussion of that item will take place at this time.