HomeMy WebLinkAboutMINUTES-04/24/2018-AdjournedApril 24, 2018
COUNCIL OF THE CITY OF FORT COLLINS, COLORADO
Council -Manager Form of Government
Adjourned Meeting — 6:00 PM
• ROLL CALL
PRESENT: Martinez, Stephens, Summers, Overbeck, Troxell, Cunniff, Horak
Staff present: Atteberry, Daggett, Coldiron
Items Relating to the Appropriation From Light and Power/Broadband Fund Debt Proceeds and
Other Funds Related to the Broadband Proiect. (Adopted on First Reading)
This item was originally scheduled for April 17 and was moved to April 24 to allow the Mayor and City
Manager an opportunity to discuss funding for Art in Public Places (APP), timing, and process
concerns with impacted stakeholders. Funding for APP is included in the ordinance below and will be
finalized upon a review of the APP guidelines and process to occur by the end of 2018. Both the
amount borrowed and amount appropriated have been increased to cover the additional funding
requirement.
A. First Reading of Ordinance No. 056, 2018, Appropriating Proceeds from the Issuance of 2018
Electric Utility Enterprise Revenue Bonds for Capital, Operating, Debt Service and Art in Public
Places Expenditures Associated with the Construction of a Broadband System to Provide
Telecommunication Facilities and Services to Customers Within Fort Collins in the Light and
Power Fund and Transferring Appropriations from the Light and power Fund to the Cultural
Services and Facilities Fund for the Art in Public Places Program. _
B. First Reading of Ordinance No. 057, 2018, Appropriating Funds from the Light and Power Fund
to Defease the City of Fort Collins, Colorado, Electric Utility Enterprise Taxable Revenue Bonds
Series 2010B.
The purpose of this item is to appropriate (1) bond proceeds for the construction of a municipal
broadband system and (2) Light & Power reserves for the defeasance of outstanding debt. The
issuance and defeasance were authorized by the Electric Utility Enterprise Board Ordinances No. 003
and No. 004, respectively. This agenda item is consistent with Strategic Objective 3.9 from the 2016
Strategic Plan: Encourage the development of reliable, high speed internet services throughout the
community.
Mike Beckstead, Chief Financial Officer, stated this item will appropriate the proceeds from the
Electric Utility Enterprise bond issuance to support the broadband network build -out and will
appropriate funding from Light and Power reserves to defease or payoff the 2010 Light and Power
bonds. This action needs to occur prior to closing on the bonds to support broadband. Beckstead
noted the Electric Enterprise Board has approved the bond issuance and noted $610,000 is included
for Art in Public Places funding; however, that will be adjusted based on any upcoming changes
to the program.
Travis Storin, Accounting Director, noted these Ordinances also include the issuance cost
associated with the bonds and the 2018 interest costs. Storin provided details of the. appropriations.
Mary Harnett discussed the ambiguity of the Art in Public Places aspect of this item. She
questioned- whether changes to the program will involve public input.
Chris Bates encouraged a public outreach component to any changes in the Art in Public Places
program. He discussed the importance of the arts in Fort Collins.
City of Fort Collins Page 230
April24, 2018
Jennifer Sterling Beccard commended the importance placed on the arts in Fort Collins. Art
funding is not something that should be cut.
Councilmember Cunniff agreed the Art in Public Places program is important but stated ordinances
have been unclear in this area. He noted the revenue of the Broadband Utility Enterprise is
currently zero, one could argue the correct Art in Public Places number could be zero as well. He
noted this is additional Art in Public Places money and Council intends for this discussion to
involve public outreach. He discussed the question of whether invisible entities, such as
broadband, should have Art in Public Places components. He stated he would support the current
appropriation in order to allow for further discussion.
Mayor Pro Tem Horak made a motion, seconded by Councilmember Cunniff, to adopt Ordinance
No. 056, 2018, on First Reading.
Councilmember Martinez asked when the public outreach process will be laid out. Deputy City
Manager Mihelich replied the staff recommendation is to have the first work session with Council
on July 24; however, staff intends to first meet with the Cultural Resources Board and acquire
feedback from the arts community with a specific engagement plan.
Councilmember Stephens stated she is the liaison to the Art in Public Places Board and encouraged
a robust communitywide conversation.
Councilmember Cunniff commended the work done to this point.
Councilmember Martinez stated the Art in Public Places Board serves an important role in the
community.
Mayor Troxell stated he would support the motion and encouraged a focus on iconic. art pieces and
a view of the Art in Public Places program on a more impactful way than it has been to date.
RESULT: ORDINANCE NO. 056, 2018, ADOPTED ON FIRST READING [UNANIMOUS]
MOVER: Gerry Horak, District 6
SECONDER: Ross Cunniff, District 5
AYES: Martinez, Stephens, Summers, Overbeck, Troxell, Cunniff, Horak
Mayor Pro Tern Horak made a motion, seconded by Councilmember Cunniff, to adopt Ordinance
No. 057, 2018, on First Reading.
RESULT:
ORDINANCE NO. 057, 2018, ADOPTED ON FIRST READING [UNANIMOUS]
MOVER:
Gerry Horak, District 6
SECONDER:
Ross Cunniff, District 5
AYES:
Martinez, Stephens, Summers, Overbeck, Troxell, Cunniff, Horak
City of Fort Collins Page 231
April24, 2018
• OTHER BUSINESS
Councilmember Overbeck expressed concern about a Legislative Review Committee meeting
cancellation as the state legislature adjourns May 9. He asked if it would be possible to meet on
April 30 or May 7, prior to the'adjournment of the legislature.
Councilmember Summers noted most of the work is taking place on the floor of the House at this
point in the legislative session. He suggested staff keep Council informed of any high -priority.
issues and bills. Deputy City Manager Mihelich stated staff will provide a detailed update of the
current legislative session and pending bills.
Councilmember Overbeck stated the Committee would be neglectful if it did not meet prior to the
adjournment, citing Senate Bill 264.
Councilmember Martinez supported waiting until after the staff update is provided.
Ginny Sawyer, Senior Project Manager, stated a detailed report will be provided Thursday and
staff is relying heavily on the Council -adopted Legislative Policy Agenda to look for support or
oppose statements in that document.
Tyler Marr, Project Manager, stated lobbyists have been provided comments from the Policy
Agenda on a couple bills, including items related to open records pertaining to internal affairs
investigations at the police department, oil and gas setbacks for school properties, and license
revocation for unpaid traffic fees.
Councilmember Overbeck expressed disappointment the Committee will not be meeting.
Councilmember Cunniff stated he would be glad to participate as the alternate Committee member.
He requested information as to why the April 30 meeting was cancelled. Deputy City Manager
Mihelich replied it was discussed by the Committee and the minutes reflect a cancellation was
discussed.
Mayor Troxell noted the Colorado Municipal League provides regular information on the
legislature.
Councilmember Summers stated the Committee could meet; however, the Policy Agenda provides
direction and no new bills are being introduced at this time.
• ADJOURNMENT
The meeting adjourned at 6:36 PM.
G%00W1IM
I
(layor
SEAT,
City of Fort Collins Page 232