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I HEREBY CERTIFY that the foregoing is a true and correct copy of the minutes of the Workshop
Meeting of the Corpus Christi City Council of March 22, 2017 which were approved by the City
Council on April 18, 2017.
WITNESSETH MY HAND AND SEAL, on this the 18th day of April, 2017.
Rebecca Huerta
City Secretary
SEAL
INDEXED
CorpusnChristi 1201 Leopard Street
' ,,, Corpus Christi,TX 78401
cctexas.com
Meeting Minutes
City Council Workshop Session
Wednesday,March 22,2017 3:00 PM 1201 Leopard Street
Basement Training Room
Public Notice--ITEMS ON THIS AGENDA ARE FOR COUNCIL'S
INFORMATIONAL PURPOSES ONLY. COUNCIL MAY GIVE DIRECTION TO THE
CITY MANAGER, BUT NO OTHER ACTION WILL BE TAKEN AND NO PUBLIC
COMMENT WILL BE SOLICITED.
THE USE OF CELLULAR PHONES AND SOUND ACTIVATED PAGERS ARE
PROHIBITED IN THE TRAINING ROOM DURING MEETINGS OF THE CITY
COUNCIL.
A. Mayor Pro Tem Lucy Rubio to call the meeting to order.
Mayor Pro Tem Lucy Rubio called the meeting to order at 3:06 p.m.
B. City Secretary Rebecca Huerta to call the roll of the required Charter Officers.
City Secretary Rebecca Huerta called the roll and verified that a quorum of the
City Council and the required Charter Officers were present to conduct the
meeting.
Charter Officers:
City Manager Margie C.Rose,City Attorney Miles K.Risley,and City Secretary
Rebecca Huerta.
Present 8- Council Member Carolyn Vaughn, Council Member Lucy Rubio, Council
Member Rudy Garza Jr., Council Member Michael Hunter, Council
Member Greg Smith, Council Member Paulette Guajardo, Council
Member Joe McComb, and Council Member Ben Molina
Note: Council Member Greg Smith arrived at 3:17 p.m.
C. BRIEFINGS TO CITY COUNCIL:
1. City of Corpus Christi -Financial Forecast
Mayor Pro Tem Lucy Rubio referred to Item 1. City Manager Margie C.Rose
provided opening remarks regarding the Financial Forecast and introduced
Director of Financial Services Constance Sanchez who presented information
on the following topics: council identified priorities of Water,Streets,
Economic Development and Other Needs;current financial standing in the
General,Special Revenue,Internal Service and Enterprise Funds;5-Year Pro
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City Council Workshop Session Meeting Minutes March 22,2017
Formas for the General and Combined Utilities,Water,Wastewater,Gas,and
Storm Water Funds.
Council members and staff discussed the following topics: water rate trends;
the effect on revenues of increasing water rates;encouraging citizens to use
water and associated revenues;and reviewing/adjusting the City's drought
contingency plan in light of the City's current water supply and associated
revenue issues;and the City's various water sources.
Director of Financial Services Sanchez continued her presentation,discussing
the following items: Debt,to include:City Debt Policy,Total Outstanding Debt,
Comparatives with other Texas cities,General Obligation Bonds-Debt
Capacity,General Obligation Outstanding Debt,Voter-Approved Capacity for
Residential Streets,General Government Capital Needs,Utility System Debt
Capacity,Utility System Outstanding Debt,Capital Improvement Program(CIP)
Cash Balances,and Reprogramming of Utility Capital Improvement Program
Funds;Utility System Capital Needs;and Next Steps to include: Proposed
Bond 2018,Wastewater System,and Utility Rate Model Discussion in April
2017.
Executive Director of Public Works Valerie Gray presented the following
information: bond program summary from 2004 through 2016 and
consolidation of all bond 2012 and 2014 street improvement projects.
Council members and staff discussed the following topics: potential for future
bonds and associated projects to be funded;raising property taxes for street
repairs;use of Type B funds for street repairs;the City's financial advisor;
taking a"fresh look"at the City's debt;how the City's current financial advisor,
M.E.Allison,was selected;and re-procuring the City's financial advisor.
MOTION OF DIRECTION
Council Member Vaughn made a motion of direction directing the City Manager
to competitively re-procure the City's financial advisor,seconded by Council
Member Molina and passed unanimously.
Council members further discussed the following topics: language to be used
when issuing bonds relating to increased taxes;and city staff providing city
council with projections of the street repairs that can be completed without
and with a property tax increase at various levels;and the potential dollar
amount of Bond 2018.
D. ADJOURNMENT
The meeting was adjourned at 4:37 p.m.
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