Finance & Governance Committee

Minutes Finance & Governance Committee Committee Members: Black, Chair; Kniech, Vice-Chair; Hinds, Clark, Ortega, CdeBaca Committee Staff: Zachary Rothmier Tuesday, November 10, 2020, 1:30 PM City & County Building, Room 450 Attendance Present: 6- Black, Kniech, Hinds, Gilmore, Ortega, CdeBaca Action Items 20-1306 Authorizes the Manager of Finance, on behalf of the City, to amend and restate the 2010A Lease Purchase Agreement for the purpose of refunding all the outstanding Series 2010A and Series 2010B Certificates of Participation, including paying costs of issuance, with the proceeds of Series 2020A-1(taxable) and Series 2020A-2 (tax-exempt) Certificates of Participation, in a principal amount not to exceed $20.5 million. Council Resolution 20-1306 was approved for filing Briefings 20-1318 Improvement Districts Action Items 20-1267 Approves the 2021 Work Plan and Budget and amends the 2020 Budget for the RiNo Denver General Improvement District in Council District 9. Council Resolution 20-1267 was approved for filing 20-1268 Approves the 2021 Work Plan and Budget for the 14th Street General Improvement District in Council District 9. Council Resolution 20-1268 was approved for filing 20-1269 Approves the 2021 Work Plan and Budget for the Gateway Village General Improvement District in Council District 11. Council Resolution 20-1269 was approved for filing City and County of Denver Page 1 Printed on 11/12/2020  Minutes Finance & Governance Committee Tuesday, November 10, 2020 20-1270 Approves the 2021 Annual Plan and Operating Budget for the Denver Tourism Improvement District. Council Bill 20-1270 was approved for filing 20-1271 Approves the 2021 Operating Plan and Budget and amending the 2020 Budget for the Five Points Business Improvement District in Council District 9. Council Bill 20-1271 was approved for filing 20-1272 Approves the 2021 Operating Plan and Budget and amending the 2020 Budget for the Federal Boulevard Business Improvement District in Council District 1. Council Bill 20-1272 was approved for filing 20-1273 Approves the 2021 Operating Plan and Budget and amending the 2020 Budget for the West Colfax Business Improvement District in Council District 1. Council Bill 20-1273 was approved for filing 20-1274 Approves the 2021 Operating Plan and Budget and amending the 2020 Budget for the Cherry Creek Subarea Business Improvement District in Council District 9. Council Bill 20-1274 was approved for filing 20-1275 Approves the 2021 Operating Plan and Budget and amending the 2020 Budget for the Colfax-Mayfair Business Improvement District in Council District 5. Council Bill 20-1275 was approved for filing 20-1276 Approves the 2021 Operating Plan and Budget and amending the 2020 Budget for the Bluebird Business Improvement District in Council District 9. Council Bill 20-1276 was approved for filing 20-1277 Approves the 2021 Operating Plan and Budget for the Cherry Creek North Business Improvement District in Council District 10. Council Bill 20-1277 was approved for filing 20-1278 Approves the 2021 Operating Plan and Budget for the Downtown Denver Business Improvement District in Council District 9. Council Bill 20-1278 was approved for filing City and County of Denver Page 2 Printed on 11/12/2020  Minutes Finance & Governance Committee Tuesday, November 10, 2020 20-1279 Approves the 2021 Operating Plan and Budget for the RiNo Business Improvement District in Council District 9. Council Bill 20-1279 was approved for filing 20-1280 Approves the 2021 Operating Plan and Budget for the Santa Fe Business Improvement District in Council District 3. Council Bill 20-1280 was approved for filing 20-1281 Approves the 2021 Operating Plan and Budget for the Old South Gaylord Business Improvement District in Council District 6. Council Bill 20-1281 was approved for filing 20-1282 Approves the 2021 Operating Plan and Budget for the Colfax Business Improvement District in Council District 9. Council Bill 20-1282 was approved for filing Consent Items 20-1283 Transfers cash from the Tennyson St Pedestrian Mall Fund 46060 to the General Fund, authorizes cash transfers from Morrison Rd Pedestrian Mall Fund 46067 to Morrison Road Ped Mall Fund 46090, and authorizes closing various Funds that are no longer needed. Council Bill 20-1283 was approved by consent 20-1284 Dissolves the Tennyson Street Pedestrian Mall Local Maintenance District and directs the remaining funds thereof, after payment of outstanding expenses, be transferred to the General Fund. Council Bill 20-1284 was approved by consent 20-1285 Approves the purchase of a flatbed truck from the Wastewater Management Division Planned Fleet Replacement Fund. Council Bill 20-1285 was approved by consent 20-1302 Amends a contract with Hilltop Securities, Inc. by adding $400,000 for a new total of $800,000 and one year, with two optional one-year renewals, for a new maximum end date of 12-31-23 for municipal financial advisory services to the City (FINAN-201738726). Council Resolution 20-1302 was approved by consent 20-1309 Amends a grant agreement with the State of Colorado by adding $4,407,357.38 of State funds for a new total of $43,017,031.23 and adding community testing expenses to the scope of service for the Public City and County of Denver Page 3 Printed on 11/12/2020  Minutes Finance & Governance Committee Tuesday, November 10, 2020 Assistance COVID-19 Grant Program. No change to agreement duration (FINAN-202054524-01). Council Resolution 20-1309 was approved by consent City and County of Denver Page 4 Printed on 11/12/2020