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City of Oklahoma City / June 2020 Meetings / 1 Jun 2020
City of Oklahoma City / June 2020 Meetings / 1 Jun 2020
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From YouTube: Oklahoma City Bond Advisory Committee - June 1, 2020

Description

The regular monthly meeting of the Oklahoma City Bond Advisory Committee, via video conference, for June 1, 2020.

A

Now it's ready to call call the meeting to order. Can the clerk verify a quorum? Is that.

B

Yes, we have a quorum.

A

Wonderful then that means we just go back to our lovely.

A

That means we, we have our meetings called a meeting and have the agenda sore off to improve the minutes from the May 4th meeting. Did everyone receive their minutes or have any questions about the minutes.

A

Yeah.

A

With that, how does this work we okay, do we move in second, like last time.

A

Now.

A

Lovely Oh, beautiful this working gray and then bill we've had a motion in a second I'm. Just gonna. Ask you how you vote on approving the minutes on e on the approve.

C

Minute, yes, yay, perfect.

A

And then I show that Melinda and Luke that's, who were wedding, just Lucas, who were waiting on okay.

B

And Lucas 9 and signed in yet so we're gonna close though.

A

Wrong items for consideration items 3a.

A

Who is presenting 3a.

C

Now.

A

I can't okay.

C

Are you able see your screen I.

A

See a go bond, Advisory Committee! That's what I'm saying on the screen there we go through that all right here. We.

C

Are thank.

A

You it's.

C

Our first item for consideration as i386 to replace a rehabilitation unit price contract. This.

B

Contract.

C

Is what we utilize to go out there and work out bridges under a million dollars? Sometimes, emergency repairs, as you can see by the pictures, represent the different encasements and different things like that: total requests for 1 million dollars, and it's on the 2007 on funds. Interest listed.

C

There any questions so.

A

If I'm understanding this, this is just a pot of money, the city taps when they need to fix bridges involving all bridges or just railroad bridges, they're.

C

All bridges and.

A

This and the way a branch gets on to the this list is how so.

C

So let's say: are you familiar with.

C

The inspections they go through and they expect every one of our bridges and they give us a rating and that rating helps tells us where we're deficient or not. And so we can pick something. That's a good Christian, structurally deficient or deficient bridge 400 million dollars, but utilizes verses, going through the small selection process.

A

Wonderful does anyone else have any questions about item 3 a.

A

Hearing then I'd entertain motions.

B

Oh check chairman your mic: you're muted, you need a mute, please you're too muted.

A

Now it works bill. How do you vote.

C

Gay thank you.

A

Motion carries then we go on to 3b.

C

Okay, our second item up is item 3b ste, bridge rehabilitation. This is the bridge head server. North Rock well, I mean over highway 40, the North Rock will Avenue Bridge code out is going to repair the substructure and we own the deck, and a very nice cost savings as asked if we would pitch in $275,000 for the deck replacement, which is our responsibility in the house, so we're using 2007 bridge interest funds listed fines, anomalous.

C

You can see there's a picture there on your right, the pretty current condition that.

A

Road in bridge is abysmal.

B

Can you um this is Tamiya? Can you tell me a little more on what the deck means it.

C

Is a driving surface to get that picture on the right side with the lanes and everything? So it's really that surface that you're driving on as well as a railing in.

C

The substructure look at your picture on the left hand. Side is all the greenery.

A

Thank you. Are there any other questions on item 3b I hear none I! Guess we can go to the.

C

Layer cake at Cunningham.

A

Bill we've had a motion and a second. How do you vote.

C

Yay thank.

A

You.

A

Wonderful motion carries item 3 c.

C

Ivan 3, steve TC 0 574 resurfacing Road from South East 74th Street to southeast 89th Street. If you look on the left-hand side of the screen, that's just a picture of what it currently looks like relatively recently, the middle screen. The blue line is a sales tax project that were resurfacing those two miles and then the red line is what we're asking for today and so then, that's over on your right hand, side. That red line is a little bit superimposed for you, Lord asking for $600,000.

C

We can add this and create a corridor project with the skills X project instance. It's a resurfacing of that road it'll be some base base repairs. You don't have that same effect that you see on your left hand, picture will be used thousand Street listed funds and then the rest remain in 2007 trees listed in responds and unlisted times.

A

You are not widening correct you're, just.

C

Little savings in footprint that used to be there any left hand screen will.

A

You be coming back in with any sidewalks or curbs, or anything like that. Yes,.

C

Sir.

A

Does anyone else have any questions about item 3c.

A

Hearing none.

A

Bill, how do you vote on item 3c yay?

A

Thank you.

A

Motion carries item 3d.

C

There we go hey closer.

C

Sorry finger happy item.

B

3 D PC.

C

That's your 7 for 1 resurfacing of North Mustang Road, let's print Road north to less having a road. It's the Green Line on your left-hand side left hand side of the screen. The red line is a listed project. Where are we going to do anyhow and with this will make us the corridor project as well? Here in this area, see my mouse here. There's a new.

B

4Th.

C

And 5th grade elementary school opening here this fall. We assume they're going to start school, this fall, but so our request is for $700,000 easy, some 2000 Street interest funds and the remaining will be 2000. Pesetas trees listed unlisted interest.

C

Any questions.

A

Again, this is not a widening; this is just a put it back, better, put it back in good form. Yes, sir, just a resurfacing when we do a wide, deep rocks up.

C

There, at the top of your screen, where we have a piece.

C

And it'll say yd, and then that means we're going to add a lane or two or more and sometimes has curb and gutter sidewalks. It cetera. Thank.

A

You good bye any other questions on item 3d, I.

A

Guess we'll go ahead and go on to motion.

A

Bill we've had a motion in a second. How do you vote on 3d? Thank you.

A

Motion carries.

A

That means we go to the go bond executive, summary.

B

Yes, please.

B

Thank you, I'd like to go over the geo bond executive summary. As of April, 30th, 2020 and you'll see him April. We had eighteen point five million in expenditures from the geo bond program and we have a 12-month average of eight point: eight million expenditures over a 12-month average. If you'll look in box two, the expenditure requirement, that's what we tracked to make sure that we reach 85 percent of they sell year for given bond bond sale year.

B

We have definitely reached our eighty-five percent requirement by our IR s at 87 percent and again I'd like to remind you. This was as of April 30th, so we still have about a half a month, all the way till May 16th, so that number of 87 percent will increase over the next couple of over the next couple of weeks and that will show up on the next bond executive summary.

B

As of the end of May, you'll see that in box three and four that are due remaining geo bond balance is 131 point eight million, and if you look on bucks, for it just distinguishes between the different categories, and that is the bond. It's a good summary does.

A

Anyone have any questions on the executive summary.

A

Hearing none is there any and items from any committee members and, lastly, did someone figure out how the heck to speak to us.

A

Hearing none I see that we are adjourned.