Finance and Government Committee

CITY OF GRAND PRAIRIE FINANCE AND GOVERNMENT COMMITTEE CITY HALL - COUNCIL CHAMBERS, 300 W. MAIN STREET TUESDAY, MARCH 01, 2022 AT 2:30 PM AGENDA The meeting will be held at City Hall Council Chambers, 300 W. Main St, Grand Prairie, Texas, and the Chairman or presiding member will be physically present. Members may be participating remotely via video conference. CALL TO ORDER STAFF PRESENTATIONS 1. Presentation on Homestead Exemption 2. Presentation on FY 2021-22 Debt Transactions 3. Presentation on the Annual Financial Report for the year ended September 30, 2021 4. Parks Enterprise Financial Report Update – 1st Quarter FY2022 CONSENT AGENDA The full agenda has been posted on the city's website, www.gptx.org, for those who may want to view this agenda in more detail. Citizens may speak for five minutes on any item on the agenda by completing and submitting a speaker card. 5. Minutes from the Finance and Government Committee Meeting February 1, 2022 6. Construction Manager at Risk (CMAR) contract with Modern Contractors, Inc. for pre- construction management services for the Lynn Creek Event Pavilion in the amount of $1,000 and approve a construction service fee of 3.0% to be applied at a later time to the actual approved construction costs for the work 7. Construction Manager at Risk (CMAR) contract with Dean Electric, Inc. dba Dean Construction for pre-construction management services for Turner Park Improvements Phase 1 in the amount of zero $0 and approve a construction service fee of 3.5% to be applied at a later time to the actual approved construction costs for the work ITEMS FOR INDIVIDUAL CONSIDERATION 8. Participation Agreement with 1301 Parker Rd, LLC for Right of Way Improvements in the total amount of $131,014.75 9. Developer Participation Agreement with Dechman Owner, LLC, for paving and drainage improvements on Dechman Drive in the not to exceed amount of $755,860 Finance and Government Committee – March 01, 2022 Page 1 of 3  10. Professional Contract with Pyles Whatley for appraisal and court testimony services for City Projects with the combined costs not to exceed $40,000; the contract will be for one year with the option to renew for four additional one-year periods, not to exceed $200,000 cumulatively if all extensions are exercised and authorize the Manager to execute the renewal options with aggregate price fluctuations of the lesser of up to $50,000 or 25% of the original maximum price so long as sufficient funding is appropriated by the City Council to satisfy the City’s obligation during the renewal terms 11. Review of DRAFT Comprehensive Annual Financial Report and associated audit services for Fiscal Year ending September 30, 2021 12. Ordinance Amending the FY 2021/2022 Capital Improvement Projects Budget for $19,800 for Compression Brake Signage 13. Ordinance amending the FY 2020-2021 Operating Budgets in the amount of $1,489,193 14. Ordinance amending the FY 2021-2022 Capital Projects Budget to appropriate $1,0000,000 toward the purchase of Mobile Generators and amending the FY 2021-2022 Pooled Investment Fund Budgets to reverse $1,000,000 of the appropriation previously appropriated through Ordinance #11128-2021 15. Ordinance amending the FY 2021-2022 Operating Budgets for a net decrease of $2,625,000 EXECUTIVE SESSION The Finance and Government Committee may conduct a closed session pursuant to Chapter 551, Subchapter D of the Government Code, V.T.C.A., to discuss any of the following: (1) Section 551.071 “Consultation with Attorney” (2) Section 551.072 “Deliberation Regarding Real Property” (3) Section 551.074 “Personnel Matters” (4) Section 551.087 “Deliberations Regarding Economic Development Negotiations.” CITIZEN COMMENTS Citizens may speak during Citizen Comments for up to five minutes on any item not on the agenda by completing and submitting a speaker card. ADJOURNMENT The Grand Prairie City Hall is accessible to people with disabilities. If you need assistance in participating in this meeting due to a disability as defined under the ADA, please call 972-237-8035 or email GPCitySecretary@gptx.org at least three (3) business days prior to the scheduled meeting to request an accommodation. Finance and Government Committee – March 01, 2022 Page 2 of 3 Certification In accordance with Chapter 551, Subchapter C of the Government Code, V.T.C.A, the Finance and Government Committee agenda was prepared and posted February 25, 2022. Gloria Colvin, Deputy City Secretary Finance and Government Committee – March 01, 2022 Page 3 of 3