[BCRUA Board of Directors Meeting]
[00:00:04]
WE'RE GOING TO GET STARTED WITH OUR BCR UA.
UM, BOARD OF DIRECTORS MEETING TODAY IS WEDNESDAY, JULY 28TH, 2021 AT 6:00 PM ON THE DOT WE'LL GET STARTED WITH ROLL CALL PRESIDENT THOMPSON, PRESENT VICE PRESIDENT DUFFY PRESIDENT, SECRETARY FLORES, DIRECTOR ANDERSON HERE, DIRECTOR KIRKLAND AND DIRECTOR BAKER HERE.
ALL RIGHT, NOW THAT WE'VE HAD THE ROLL CALL.
WE'LL GET STARTED WITH OUR AGENDA.
NUMBER THREE ON OUR AGENDA IS CITIZEN COMMUNICATION, ANY CITIZEN WISHING TO SPEAK DURING CITIZEN COMMUNICATION REGARDING THE ITEM ON OR OFF THE AGENDA MAY DO SO AFTER COMPLETING THE REQUIRED REGISTRATION CARD AND ONLINE REGISTRATION, ALL COMMENTS MUST BE NO MORE THAN THREE MINUTES IN LENGTH.
ANY COMMENTS REGARDING ITEMS? NOT ON THE POSTED AGENDA MAY NOT BE DISCUSSED ARE RESPONDED TO BY BC.
ARE YOU A BOARD PER STATE LAW? DO WE HAVE ANY CITIZEN COMMUNICATION? NOPE.
NOW WE'LL MOVE TO ITEM FOUR APPROVAL OF THE MINUTES.
CONSIDER APPROVAL OF THE BCR UA MEETING MINUTES FOR JUNE 23RD, 2021 SECOND.
THE MOTION CARRIES ITEM FIVE, RESOLUTIONS FIVE, A CONSIDER A RESOLUTION APPROVING THE BCR UA QUARTERLY INVESTMENT REPORT FOR JANUARY 1ST, 2021 THROUGH MARCH 31ST, 2021.
I'LL TURN IT OVER TO KAREN MANI.
UH, WE HAVE ROBERT POWERFULLY ANDREWS' FINANCIAL DIRECTOR HERE TO ADDRESS THIS ITEM.
THANK YOU, MS. BONDI, AND WELCOME TO LEANDER.
UM, IT'S NICE TO HAVE HOME FIELD ADVANTAGE TONIGHT, SO I'M HAPPY TO PRESENT THE QUARTERLY INVESTMENT REPORT FOR THE PERIOD ENDING MARCH 31ST, 2021.
UH, THIS REPORT'S GONNA BE FAIRLY SIMPLE.
UM, THE TOTAL FUNDS ALL COMBINED FROM THE DIFFERENT SOURCES OF REVENUE, TOTAL $29.2 MILLION.
AND ALL OF THAT IS IN VERY LIQUID INVESTMENTS, PRIMARILY, UH TEXSTAR, WHICH IS A LOCAL GOVERNMENT INVESTMENT POOL, AS WELL AS, UH, THE CITY OF ROUND ROCK HAS, UM, SEVERAL MILLION MILLION DOLLARS IN, IN A MONEY MARKET, UH, INVESTMENT ACCOUNT.
SO ALL OF THE AUTHORITIES FUNDS ARE LIQUID, AND THAT IS A 100% BECAUSE THE, UM, PROJECTS THAT ARE UNDERWAY, UM, ARE, ARE WRAPPING UP IN THE FUNDS NEED TO BE READILY AVAILABLE.
WE ALSO ARE LIMITED BY THE INVESTMENT POLICY, WHICH LIMITS THE LENGTH OF TIME, WHICH YOU CAN, UM, GO OUT AND INVEST YOUR MONEY.
SO IT'S A SHORT HORIZON, SO THAT LIMITS YOUR OPTIONS, UH, IN THIS INTEREST RATE ENVIRONMENT.
BUT, UM, FOR THOSE OF YOU THAT ARE NEW AND THOSE OF YOU THAT, UH, FOR A REFRESHER, THE FUNDS THAT THE BOARD, THE AUTHORITY, UM, HOLDS ARE PRIMARILY IN FOUR LARGE BUCKETS, THREE OF THOSE BUCKETS RELATE TO DEBT FINANCING THROUGH THE TEXAS WATER DEVELOPMENT BOARD.
UH, THE FIRST BUCKET WAS WHEN THE PROJECT STARTED IN 2009, OR AT LEAST WHEN THE FIRST WATER DEVELOPMENT BOARD LOAN, UH, WAS TAKEN DOWN IN 2009 OF THAT ORIGINAL $182 MILLION.
UH, $14 MILLION IS, IS LEFT, UH, SUBSEQUENT TO THAT EVENT IN 2017 PHASE ONE C STARTED.
AND AGAIN, THE CITIES, UM, BORROWED FUNDS FROM THE WATER DEVELOPMENT BOARD, UH, 2.5 MILLION OF THAT INITIAL, UM, LOAN ARE REMAINING.
AND THEN THE LAST, UM, ALARM FROM THE WATER DEVELOPMENT BOARD, IT WAS FOR THE, UM, UH, THE DESIGN THAT IS UNDER UNDERWAY WITH, UM, UH, THE PHASE TWO AND THE DEEP WATER INTAKE, UH, REMAINING IN THAT BUCKET IS $6 MILLION.
NOW THAT ONLY REPRESENTS, UH, CITY OF LEANDRA AND CITY OF CEDAR PARKS PORTION BECAUSE THE CITY OF ROUND ROCK CHOSE TO OBTAIN ITS FINANCING AND OTHER OTHER MANNERS.
AND DIDN'T GO THROUGH THE WATER DEVELOPMENT BOARD, THE REMAINING $6.7 BILLION IN FUNDS OF THE TOTAL 29 IS, UH, THE, THE BCR UAS, UH, OPERATING FUNDS, BOTH, UM, MAINTENANCE AND OPERATIONS, AS WELL AS THAT DEBT SERVICE, EACH CITY CONTRIBUTES
[00:05:01]
ON A QUARTERLY BASIS BASED ON THE BUDGET ALLOCATION.SO THE INTEREST RATES ARE SO SMALL.
I DON'T EVEN WANT TO SAY THEM PUBLICLY, BUT THEY'RE ON YOUR REPORT.
UM, YOU KNOW, THE AVERAGE YIELD FOR THE QUARTER IS LESS THAN ONE 10TH OF 1%, BUT THE MONEY IS BEING SPENT AS PROJECTS ARE TAKEN DOWN.
HAPPY TO ANSWER ANY QUESTIONS.
IS THERE ANY OTHER DISCUSSION ON THE BOARD? OKAY.
DO WE HAVE A MOTION TO APPROVE THE BCRA QUARTERLY INVESTMENT REPORT? SECONDLY, ALRIGHT.
ALL THOSE IN FAVOR SAY AND THOSE OPPOSED.
FIVE B IS CONSIDERED A RESOLUTION DETERMINING THAT COMPETITIVE SEALED PROPOSAL IS THE DELIVERY METHOD, WHICH PROVIDES THE BEST VALUE FOR THE BCR UA FOR PHASE TWO RAW WATER DELIVERY SYSTEM.
UM, WE HAVE AARON ARCHER, OUR ENGINEER FROM WATER PARTNERS TO, UH, PRESENT THIS ITEM FOR US.
UH, COMPETITIVE SEAL PROPOSAL IS A PROCUREMENT METHODOLOGY FOR SELECTING CONTRACTORS FOR A CONSTRUCTION PROJECT.
THAT'S AVAILABLE TO GOVERNMENTAL ENTITIES, THE RULES RELATED TO COMPETITIVE SEAL PROPOSAL AND TEXAS GOVERNMENT CODE CHAPTER 2269.
AND TO USE IT REQUIRES A FINDING, UH, A RESOLUTION FOR THAT USE COMPETITIVE SEAL PROPOSAL MIXES, QUALIFICATION BASED SELECTION WITH COMPETITIVE PRICING TO RESULT IN A BEST VALUE SELECTION.
COMPETITIVE SEAL PROPOSAL WAS PREVIOUSLY USED BY B
AND WE WOULD RECOMMEND IT AGAIN FOR THIS PROJECT, GIVEN THE COMPLEX NATURE OF THE PHASE TWO RAW WATER DELIVERY SYSTEM.
ANY OTHER DISCUSSION ON THE BOARD? HEY, ERIN, DOES, DOES THAT GET US MORE BITTERS, LESS BITTERS? TYPICALLY WHAT IT WILL DO IS IT WILL GET YOU MORE QUALIFIED BITTERS.
UH, WE DO HAVE MINIMUM QUALIFICATION REQUIREMENTS THAT WE'RE PLANNING TO INCLUDE.
SO THOSE THAT DO PURSUE THIS PROJECT WOULD, UM, WOULD, WE WOULD ASSUME PASS THAT MINIMUM BAR AND BE ABLE TO HAVE THE QUALIFICATIONS TO BUILD IT, WHICH THEY'LL HAVE TO DEMONSTRATE IN THE PROPOSAL THAT THEY SUBMIT.
ANY OTHER QUESTIONS OR DISCUSSION? DO WE HAVE A MOTION TO APPROVE THE RESOLUTION SECOND? ALRIGHT.
FIVE C CONSIDER A RESOLUTION AUTHORIZING THE GENERAL MANAGER TO POST FISCAL SHORTY WITH THE CITY OF AUSTIN FOR EROSION CONTROL AT THE BCR UA, RAW WAR, SORRY FOR ALL WATER PUMP STATION SITE.
MADAM PRESIDENT, THE NEXT TWO ITEMS, UH, FOLLOWING UP ON, UM, AARON'S PRESENTATION ABOUT US MOVING TOWARDS BIDDING.
OUR PHASE TWO PROJECT, WE ARE NOW COMPLETING THE PERMITTING REQUIRED FOR THE PHASE TWO PROJECT.
SO THE NEXT TWO ITEMS ARE, UH, PERMITTING REQUIREMENTS, UM, THAT ARE IN EXCESS OF $50,000, WHICH REQUIRE THE BOARD'S APPROVAL.
UM, THE FIRST ONE IS A, UM, EROSION AND SEDIMENT CONTROL, UM, FISCAL REQUIREMENTS THAT THE CITY OF AUSTIN REQUIRES FOR THEIR SITE DEVELOPMENT PERMITS.
UM, SO THIS, UH, IS REQUIRED TO, UM, POST IN ADVANCE OF DOING ANY WORK ON THE PROJECT BECAUSE THEN IF, UM, THE CONTRACTOR WOULD WALK AWAY OR THE, THEN THE CITY WOULD HAVE THE FUNDS TO BE ABLE TO DO THE EROSION CONTROL, UM, AND THE RE RESTORATION OF THE SITE AND SEEDING.
SO THIS, UH, FISCAL IS FOR BOTH TEMPORARY AND PERMANENT, UM, CAUSE SEDIMENT CONTROLS, UH, AND, UM, IT WILL BE REFUNDED AFTER CONSTRUCTION AND REVEGETATION IS COMPLETE.
SO I RECOMMEND APPROVAL OF THE $51,843 FISCAL SECURITY.
[00:10:01]
OR DISCUSSION ALL ABOUT THAT? I'LL MAKE A MOTION TO AUTHORIZE BIOPSY.I'M NOT GOING TO READ THE WHOLE THING.
THE MOTION CARRIES ON UNTIL FIVE D CONSIDER A RESOLUTION AUTHORIZING THE GENERAL MANAGER TO PAY THE TRAVIS COUNTY TREE MITIGATION FOR YOU FOR PHASE TWO RAW WATER DELIVERY SYSTEM PROJECT.
THANK YOU, MADAM PRESIDENT, UH, FOR OUR TRAVIS COUNTY PERMIT, UM, THE COUNTY REQUIRES A REPLACEMENT OR PAYMENT IN LIEU OF A REPLACEMENT FOR TREES REMOVED IN THE PUBLIC RIGHT AWAY.
THERE ARE MANY TREES THAT ARE GOING TO BE REQUIRED TO BE REMOVED ON THIS, UH, PROJECT.
UM, A TOTAL OF 42 LIVE TREES WILL BE REMOVED FROM A TEMPORARY CONSTRUCTION EASEMENT, UM, THAT WILL BE STAGING, UH, NEXT TO OUR PUMP STATION AND, UM, UH, ROCK LIME CREEK ROAD RIGHT AWAY AND TRAILS AND ROAD RIGHT AWAY.
ACCORDING TO THE TERMS OF THE TEMPORARY CONSTRUCTION EASEMENT THAT WE RECEIVED FROM LCRA, EVEN THOUGH THIS IS IN TRAVIS COUNTY, THE AGREEMENT, UH, THE TEMPORARY CONSTRUCTION EASEMENT REQUIRED, UM, THE TREES THAT BE MITIGATED AND ACCORDING TO CITY OF AUSTIN CRITERIA, WHICH IS MORE STRINGENT.
UM, SO THE CITY OF AUSTIN CRITERIA RATE EACH TREE BASED ON SIZE CONDITION, AESTHETICS, ENERGY CONSERVATION, WILDLIFE HABITAT, AND EROSION PROTECTION, AND THE LARGER TREES ARE ASSESSED PROGRESSIVELY HIGHER FEES.
UM, IN THE, UH, TRAILS IN ROAD AREA, WE ARE UNABLE AVOID, UH, FOR VERY LARGE TREES.
UM, WELL I SHOULD SAY THEY'RE ABOUT A HUNDRED INCHES DIAMETER, UM, BECAUSE THERE'S AN EXISTING 78 INCH WATER LINE THAT WE NEED TO CONNECT TO.
AND OUR TUNNEL, THIS IS RIGHT AT THE LOCATION WHERE TUNNEL CONNECTS TO THAT 78 INCH LINE, AND WE'RE GOING TO HAVE A TABLET DROP SHAFT THERE.
UM, BUT ALTOGETHER, UM, THE, UH, TOTAL COST OF ALL OF THE 42 TREES IS $168,375.
SO I RECOMMEND APPROVAL, BUT WE'D BE HAPPY TO ANSWER ANY QUESTIONS, ANY DISCUSSION OR QUESTIONS ABOUT THAT ON HIM? I'M JUST CURIOUS.
THAT IS A SPECIES SPECIFIC, RIGHT? YES, PLEASE.
I HAVE A PRETTY GOOD LONG LIST OF EACH ITEM ON EACH OF THE TREES AND WHAT THEY'RE, UM, WHAT TYPE THEY ARE.
UM, AND THERE ARE DIFFERENT FEES FOR THE DIFFERENT TYPES, I THINK.
ARE THERE, DO WE HAVE A MOTION TO DO THEY PAY US? IF WE TAKE OUT CEDAR ASH, I THOUGHT THE SAME THING.
DID WE HAVE A MOTION TO APPROVE THAT MOTION TO APPROVE SECOND? ALL RIGHT.
AND NOW WE'RE ON TO ITEM SIX, WHICH IS OUR CLOSING COMMENTS.
DO WE HAVE CLOSING COMMENTS? OKAY.
WE'LL START WITH MALE KIRKLAND.
THANK YOU ALL FOR ATTENDING TONIGHT.
AND THEN WE'LL MOVE ON TO, UH, SECRETARY FOREST.
OH, WELCOME TO THE GROUP AND APPRECIATE YOU BEING HERE AND LOOKING FORWARD TO WORKING WITH YOU AND, UH, FIGURING OUT WATER FOR ALL THE COMMUNITIES.
GOOD TO SEE YOU HERE AND KNOW THAT YOU'RE NOT LANDER AWESOME.
VERY GLAD TO HAVE YOU ON THIS BOARD.
I'M GLAD TO, UH, BE CONTINUING TO TERM ON THE BOARD.
AND ALSO I WANT TO WELCOME DAN AND GRIMM'S BO WE WILL.
I FOUND OUT THROUGH THIS MEETING WORKS FOR THE CITY OF LEANDRA NOW.
SO, UM, WE WORKED TOGETHER IN CORPUS CHRISTI A BIT, SO WELCOME TO THE CITY.
AND THANK YOU ALL FOR BEING HERE AND GIVING ME SUCH A WARM WELCOME.
WE'LL HAVE NOTHING IS FURTHER.