OVERVIEW
Minutes from the March 29, 2021, Bond Committee meeting.
POLICY CONSIDERATIONS
There are no policy considerations with this item.
RECOMMENDATION
Approve the minutes of the March 29, 2021, Bond Committee meeting.
OVERVIEW
Minutes from the April 12, 2021, Bond Committee meeting.
POLICY CONSIDERATIONS
There are no policy considerations with this item.
RECOMMENDATION
Approve the minutes of the April 12, 2021, Bond Committee meeting.
BACKGROUND
Communications with the public has been a critical component of the Bond 2021 process. Staff created a dedicated page on the City's website (www.cityofsachse.com/bond2021), has hosted a series of Bond Live Q&A sessions via Zoom, has posted reminders about upcoming events and feedback opportunities on the City's Facebook page and in the City's weekly Sachse Scene publication, as well posted feedback stations at City Hall, the Sachse Public Library, and the Michael J. Felix Community Center. In addition, staff created a dedicated email address (bond2021@cityofsachse.com) for residents to provide feedback or ask questions.
OVERVIEW
City Council, City staff, and the Bond Committee have emphasized the importance of resident communications throughout this process. This item will provide an update on efforts made thus far and will provide additional information about forthcoming items to help encourage residents to provide feedback about the process.
POLICY CONSIDERATIONS
There are no policy considerations affiliated with this item.
RECOMMENDATION
There is no recommendation affiliated with this item. This is an update only.
BACKGROUND
Each year, the City of Sachse sets aside funds to be dedicated toward capital items. Teresa Savage, Finance Director for the City of Sachse, will provide an overview of the City's budgeting process as it relates to capital projects and the Bond 2021 process.
POLICY CONSIDERATIONS
There are no policy considerations affiliated with this item.
RECOMMENDATION
Receive a presentation from Teresa Savage, Director of Finance.
BACKGROUND
Hilltop Securities serves as the City's Financial Advisor. Their role is to assist the City in implementing successful financing programs related to the City's Capital Improvement Plan. Jason Hughes will provide an overview of the bond issuance process to the Bond 2021 Committee.
POLICY CONSIDERATIONS
There are no policy considerations affiliated with this item.
RECOMMENDATION
There is no recommendation affiliated with this item. This is a presentation only.
BACKGROUND
At its March 15, 2021, regular meeting, the City Council issued the following charge to the Bond 2021 Committee:
“Make a recommendation to the City Council regarding the need and size of a bond package to submit to Sachse voters in a November 2, 2021, referendum in light of:
The Bond Committee has met twice to review information about potential projects. Tonight's meeting will be focused on beginning a discussion about the potential bond relative to the charge issued to the Bond Committee by the City Council.
POLICY CONSIDERATIONS
The City Council issued this charge to provide the Bond 2021 Committee with a basis for its conversation during this process. This is not an exhaustive list of projects, nor is it intended to limit the Committee in any way.
RECOMMENDATION
Review the charge issued to the Bond 2021 Committee by the City Council and discuss a potential recommendation to Council on Bond 2021 projects.