Written Briefings: a. Portfolio Summary The Portfolio Summary is provided to Council each quarter. The report is in compliance with the requirements of the Public Funds Investment Act. Management of the City’s portfolio is conducted in accordance with the City Council Policy Finance-06, Statement of Investment Policy and City Council Policy Finance-05, Statement of Investment Strategy. b. Police Contact Data In accordance with the Texas “Racial Profiling” statute (Texas Code of Criminal Procedure Article 2.131 through 2.138), the Garland Police Department has been collecting police contact data for the purpose of identifying and responding to concerns regarding racial profiling since the statutes implementation in 2002. In accordance with the law, the Police Department is required to submit this report to the City Council by March 1st of each year for the data from the previous calendar year. c. Brazos Overhead Line Relocation Agreement Shiloh Road, IH635 to Kingsley Road Council is requested to consider whether to enter into an agreement with Brazos Electric (Brazos) to relocate existing overhead electrical utilities in advance of the Shiloh Road Improvements project. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the March 15, 2016 Regular Meeting. d. Rate Mitigation Quarterly Portfolio Report The Rate Mitigation Portfolio Report is provided to Council each quarter. The Report presents investment information regarding the balances held in the Rate Mitigation Fund. e. Interim Financing of Houston Import Project The construction of Electric Utility System transmission lines require cost effective financing. A Direct Loan program provides a cost effective short-term funding mechanism for the Capital Improvement Program (CIP). Staff requests Council’s authorization to implement a Direct Loan Program for the Electric Utility System. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the April 19, 2016 Regular Meeting. f. Notice of Intent to Issue Certificates of Obligation On February 16, 2016 Council approved the 2016 Capital Improvement Program (CIP), which contemplates a Certificates of Obligation (CO) bond sale in the amount of approximately $23 million to fund a portion of the CIP. Council will be asked to consider approving a notice of intent resolution at the March 15, 2016 Regular Meeting to provide legal authorization for the certificates. Approval of the notice of intent resolution will not obligate the City to issue debt. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the March 15, 2016 Regular Meeting.
Verbal Briefings: DART Quarterly Report Thomas Council will be updated on DART’s services, activities, program and projects within Garland.
Transportation Update Luedtke Staff will provide an update on the transportation issues. Michael Morris with the North Central Texas Council of Governments will be present to provide an update on the 2040 Mobility Plan.
Thoroughfare Plan - Zion Road Luedtke Consider revising the designation of the realigned Zion Road from a type E to a type F thoroughfare on the Thoroughfare Plan. This issue was considered by Council at the December 15, 2015 Work Session.
Proposed Council Financial Planning and Management Policy Council is requested to continue discussion and deliberation on the proposed Council Financial Planning and Management Policy as drafted by the Administrative Services Committee.
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.
4. 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. 5. Adjourn
Feb 29, 2016 Work Session
Written Briefings: a. Portfolio Summary The Portfolio Summary is provided to Council each quarter. The report is in compliance with the requirements of the Public Funds Investment Act. Management of the City’s portfolio is conducted in accordance with the City Council Policy Finance-06, Statement of Investment Policy and City Council Policy Finance-05, Statement of Investment Strategy. b. Police Contact Data In accordance with the Texas “Racial Profiling” statute (Texas Code of Criminal Procedure Article 2.131 through 2.138), the Garland Police Department has been collecting police contact data for the purpose of identifying and responding to concerns regarding racial profiling since the statutes implementation in 2002. In accordance with the law, the Police Department is required to submit this report to the City Council by March 1st of each year for the data from the previous calendar year. c. Brazos Overhead Line Relocation Agreement Shiloh Road, IH635 to Kingsley Road Council is requested to consider whether to enter into an agreement with Brazos Electric (Brazos) to relocate existing overhead electrical utilities in advance of the Shiloh Road Improvements project. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the March 15, 2016 Regular Meeting. d. Rate Mitigation Quarterly Portfolio Report The Rate Mitigation Portfolio Report is provided to Council each quarter. The Report presents investment information regarding the balances held in the Rate Mitigation Fund. e. Interim Financing of Houston Import Project The construction of Electric Utility System transmission lines require cost effective financing. A Direct Loan program provides a cost effective short-term funding mechanism for the Capital Improvement Program (CIP). Staff requests Council’s authorization to implement a Direct Loan Program for the Electric Utility System. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the April 19, 2016 Regular Meeting. f. Notice of Intent to Issue Certificates of Obligation On February 16, 2016 Council approved the 2016 Capital Improvement Program (CIP), which contemplates a Certificates of Obligation (CO) bond sale in the amount of approximately $23 million to fund a portion of the CIP. Council will be asked to consider approving a notice of intent resolution at the March 15, 2016 Regular Meeting to provide legal authorization for the certificates. Approval of the notice of intent resolution will not obligate the City to issue debt. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the March 15, 2016 Regular Meeting.
Verbal Briefings: DART Quarterly Report Thomas Council will be updated on DART’s services, activities, program and projects within Garland.
Transportation Update Luedtke Staff will provide an update on the transportation issues. Michael Morris with the North Central Texas Council of Governments will be present to provide an update on the 2040 Mobility Plan.
Thoroughfare Plan - Zion Road Luedtke Consider revising the designation of the realigned Zion Road from a type E to a type F thoroughfare on the Thoroughfare Plan. This issue was considered by Council at the December 15, 2015 Work Session.
Proposed Council Financial Planning and Management Policy Council is requested to continue discussion and deliberation on the proposed Council Financial Planning and Management Policy as drafted by the Administrative Services Committee.
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.
4. 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. 5. Adjourn