Public Improvement Trust
Regular MeetingHenderson, NV · August 27, 2020
Minutes
CITY OF HENDERSON
PUBLIC IMPROVEMENT TRUST
MEETING MINUTES
Monday, January 6, 2020
I. CALL TO ORDER
Chairman Ken Herman called the Public Improvement Trust meeting to order at
4:30 p.m. in the Mayor and Council Board Room, 4th Floor, 240 Water Street,
Henderson, Nevada 89015.
II. CONFIRMATION OF POSTING AND ROLL CALL
Rosa Reynolds, Administrative Analyst III, confirmed the Public Improvement
Trust meeting had been noticed in compliance with the Open Meeting Law by
posting the Agenda three working days prior to the meeting at City Hall, the
Multigenerational Center, the Whitney Ranch Recreation Center, Fire Station
No. 86, the Nevada Public Notice Website, the City of Henderson Website, and
by mailing and emailing a copy of the Agenda to everyone appearing thereon on
the Agenda Master Mailing List and Emailing List.
Present: Chairman Ken Herman
Storm Ainsley
Derek Muaina
Jarod Van Wagoner
Absent: Randy Norton
Staff: Victoria Dasis, Deputy City Clerk
Wade Gochnour, Assistant City Attorney III
Jim McIntosh, Chief Financial Officer/Treasurer
Jessica Oneto, Accountant II
Rosa Reynolds, Administrative Analyst III
Guests: Gilbert Medina, Community Development Grant Specialist
Scott Shaver, Stradling Yocca Carlson & Rauth
Keith Stanley, Horizon Development
Andrew Roether, Planning Manager
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III. PUBLIC COMMENT
There were no public comments presented.
IV. ACCEPTANCE OF AGENDA
(Motion)
Mr. Muaina introduced a motion to accept the agenda as presented. The vote
favoring approval was unanimous. Chairman Herman declared the motion
carried.
V. NEW BUSINESS
NB-1 MINUTES
PUBLIC IMPROVEMENT TRUST
AUGUST 14, 2019
CITY MANAGER'S OFFICE
Public Improvement Trust meeting minutes of August 14, 2019.
(Motion)
Mr. Van Wagoner introduced a motion to adopt the meeting minutes of
August 14, 2019, as presented. The vote favoring adoption was unanimous.
Chairman Herman declared the motion carried.
NB-2 RESOLUTION
2020 PRIVATE ACTIVITY BOND CAP
CITY MANAGER'S OFFICE
Resolution of the City of Henderson, Nevada Public Improvement Trust
providing for the transfer of a portion of the City's 2020 Private Activity Bond
Volume Cap, when and if received, to the Director of Business and Industry to
be used by Henderson Housing, L.P.A. Nevada Partnership.
Scott Shaver, Stradling Yocca Carlson & Rauth, counsel for the Trust, said this
resolution will allow the City to transfer some of the upcoming volume cap for
2020 to Henderson Housing, L.P.A. Nevada Partnership once the volume cap is
received. He stated the Trust currently does not have the volume cap and it will
be awarded to the City in July.
Mr. Shaver stated the Trust may adopt a different resolution between now and
when the volume cap is received if the Trust wants to do something different.
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Following an inquiry by Mr. Muiana regarding if there is an estimate of the
volume cap amount, Ms. Reynolds said staff is expecting it to be approximately
$16,400,000.00.
Mr. Shaver stated this resolution will utilize $11,500,000.00 of the volume cap,
leaving an estimated amount of $5,000,000.00 for other projects throughout the
year.
Responding to an inquiry by Mr. Muiana regarding if any other organizations
have requested funds, Ms. Reynolds said not at this time.
Keith Stanley, Horizon Development, stated the funds will renovate the
Highland Village Apartment. He noted that the renovations will include energy
efficient upgrades, such as solar panels and upgraded appliances, and security
enhancements.
Following an inquiry by Chairman Herman regarding the relocation of tenants
during the renovations, Mr. Stanley said three to five units will be renovated at a
time and the tenants will be relocated to hotels with paid meals. Mr. Stanley
noted the tenants will be relocated for an estimated five to ten days.
Responding to an inquiry by Mr. Ainsley regarding an estimated time frame of
the project, Mr. Stanley said the project relies on the application being finalized
by the United States Department of Housing and Urban Development (HUD).
Mr. Stanley said he hopes the application will be finalized by the end of
February or early March.
Mr. Ainsley inquired if Mr. Stanley anticipates any risks with the project.
Mr. Stanley responded that he does not envision any serious contingencies and
everything he has heard from the State level has been positive.
A brief discussion ensued regarding the origination and bond allocation of funds
for the project.
Following an inquiry by Mr. Muiana regarding whether the units are fully
occupied, Mr. Stanley said the apartments are two to three percent vacant, per
the audit report.
(Motion)
Mr. Muiana introduced a motion to adopt Resolution No. 161. The vote favoring
approval was unanimous. Chairman Herman declared the motion carried.
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NB-3 FINANCIAL UPDATE
CITY MANAGER'S OFFICE
Review of the Public Improvement Trust financial documents.
Jim McIntosh, Chief Financial Officer/Treasurer, referred to the backup material
titled Statement of Financial Position as of December 11, 2019, and presented a
summary of the records.
Following an inquiry by Mr. Muiana regarding one charge from the
CEO Roundtable Meeting, Wade Gochnour, Assistant City Attorney III, stated
the Economic Development and Tourism Department requested a presentation
on the general functions of the Public Improvement Trust to determine if there
are any potential opportunities to collaborate with the Trust.
(Motion)
Mr. Van Wagoner introduced a motion to approve the Public Improvement Trust
financial documents. The vote favoring approval was unanimous.
Chairman Herman declared the motion carried.
VI. CHAIRMAN\MEMBER COMMENTS
There were no Chairman\Member comments presented.
VII. SET NEXT MEETING
No meeting was scheduled.
VIII. PUBLIC COMMENT
There were no public comments presented.
IX. ADJOURNMENT
There being no further business to conduct, Chairman Herman adjourned the
meeting at 4:57 p.m.
Respectfully submitted,
____________________
Victoria Dasis,
Deputy City Clerk
Agenda
CITY OF HENDERSON
PUBLIC IMPROVEMENT TRUST
REGULAR MEETING AGENDA
Thursday, August 27, 2020 To be Conducted via Teleconference and Video
4:00 PM Conference ONLY
Meeting Inquiries: (702) 267-1705
NOTICE
PLEASE NOTE THAT DUE TO THE COVID-19-RELATED PUBLIC GATHERING
RESTRICTIONS, THERE WILL BE NO IN-PERSON ATTENDANCE AT THIS MEETING.
This meeting is being conducted in conformance with the State of Nevada Executive
Department Declaration of Emergency Directive 006, dated March 22, 2020, as extended by
Emergency Directive 029, dated July 31, 2020, extending public meeting closures and
restrictions for the duration of the current state of emergency, unless terminated by a
subsequent directive or by operation of law associated with lifting the Declaration of
Emergency. Please check cityofhenderson.com for updates to meeting closures and
restrictions. If you desire to view, listen, or provide live real-time text public comment for
this meeting, please utilize the following link:
https://coh.webex.com/coh/onstage/g.php?MTID=e3df57f82a22eedad11f5c1079b2a0f85.
You may also send your comments via email to Rosa.Reynolds@cityofhenderson.com.
Notice to persons with special needs: For those requiring special assistance or
accommodation to attend or participate in this meeting, arrangements for a sign language
interpreter or services necessary for effective communication for qualified persons with
disabilities should be made as soon as possible, but no later than 72 hours before the
scheduled event. Please contact Rosa Reynolds (702) 267-1705 or
TTY: 7-1-1 at least 72 hours in advance to request a sign language interpreter. You may also
submit your request by using Contact Henderson.
The Chair reserves the right to hear agenda items out of order, combine two or more agenda
items for consideration, remove an item from the agenda, or delay discussion relating to an
item on the agenda at any time. THERE WILL BE NO IN-PERSON ATTENDANCE AT
THIS MEETING.
Public comment will be taken at the designated Public Comment periods through live
real-time text using the link provided above or emailing them to
Rosa.Reynolds@cityofhenderson.com. Individuals will be limited to three (3) minutes and
spokespersons for a group will be limited to ten (10) minutes at the discretion of the Chair.
The Chair reserves the right to curtail abusive, offensive, inflammatory or repetitive
comments that disrupt, disturb or otherwise impede the orderly conduct of the meeting. See
NRS 241.030(4)(a). Examples of disruptive conduct include, without limitation, yelling,
stamping of feet, whistles, applause, heckling, name calling, use of profanity, personal
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Thursday, August 27, 2020 - Agenda
attacks, physical intimidation, threatening use of physical force, assault, battery, or any other
acts intended to impede the meeting or infringe on the rights of the board and/or committee
members, City staff, or meeting participants.
Backup materials for agenda items can be found at the City Manager’s Office or on the City's
website at: http://henderson.siretechnologies.com/sirepub/meetresults.aspx.To request
backup materials, please contact Rosa Reynolds (702) 267-1705.
I. CALL TO ORDER
II. CONFIRMATION OF POSTING AND ROLL CALL
III. PUBLIC COMMENT
Public Comment during this portion of the agenda must be limited to matters on
the agenda. Individuals will be limited to three (3) minutes and spokespersons
for a group will be limited to ten (10) minutes at the discretion of the Chairman.
The Chairman reserves the right to curtail abusive, offensive, inflammatory or
repetitive comments that disrupt, disturb or otherwise impede the orderly
conduct of the meeting. See NRS 241.030(4)(a). Examples of disruptive
conduct include, without limitation, yelling, stamping of feet, whistles, applause,
heckling, name calling, use of profanity, personal attacks, physical intimidation,
threatening use of physical force, assault, battery, or any other acts intended to
impede the meeting or infringe on the rights of the board and/or committee
members, City staff, or meeting participants.
IV. ACCEPTANCE OF AGENDA (For Possible Action)
V. NEW BUSINESS
NB-1 WELCOME
CITY MANAGER'S OFFICE
RECOMMENDATION: For Information Only
Welcome of Trustees, staff, and the public.
NB-2 ELECT CHAIRMAN
CITY MANAGER'S OFFICE
For Possible Action.
RECOMMENDATION: Elect Chairman
Election of one of the Trustees of the Public Improvement Trust to serve as
Chairman of the Public Improvement Trust for a one-year term.
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NB-3 ELECT VICE-CHAIRMAN
CITY MANAGER'S OFFICE
For Possible Action.
RECOMMENDATION: Elect Vice-Chairman
Election of one of the Trustees of the Public Improvement Trust to serve as
Vice-Chairman of the Public Improvement Trust for a one-year term.
NB-4 ELECT TREASURER
CITY MANAGER'S OFFICE
For Possible Action.
RECOMMENDATION: Elect Jim McIntosh, Treasurer
Election of a Treasurer for the Public Improvement Trust to serve a one-year
term. Recommendation is to elect Jim McIntosh, Chief Financial Officer.
NB-5 ELECT SECRETARY
CITY MANAGER'S OFFICE
For Possible Action.
RECOMMENDATION: Elect Rosa Reynolds, Secretary
Election of a Secretary for the Public Improvement Trust to serve a one-year
term. Recommendation is to elect Rosa Reynolds, Senior Administrative
Analyst.
NB-6 MINUTES
PUBLIC IMPROVEMENT TRUST
JANUARY 6, 2020
CITY MANAGER'S OFFICE
For Possible Action.
RECOMMENDATION: Adopt
Public Improvement Trust meeting minutes of January 6, 2020.
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NB-7 ANNUAL AUDIT REPORT
CITY MANAGER'S OFFICE
For Possible Action.
RECOMMENDATION: Accept
Accept the Annual Audit Report for fiscal year ending June 30, 2020, as
prepared by the accounting firm of Ovist and Howard, CPAs and authorize the
Chairman to sign the Management Representation letter.
NB-8 PROFESSIONAL SERVICES AGREEMENT
CITY MANAGER'S OFFICE
For Possible Action.
RECOMMENDATION: Approve.
Approve Professional Services Agreement with Ovist and Howard Certified
Public Accountants to audit and prepare financial statements for the years
ended June 30, 2021, 2022, and 2023.
NB-9 RESOLUTION
2020 PRIVATE ACTIVITY BOND CAP
CITY MANAGER'S OFFICE
For Possible Action.
RECOMMENDATION: Consideration for Possible Adoption as Resolution
No.162
Resolution of the City of Henderson, Nevada Public Improvement Trust
providing for the transfer of $5,001,540.71 of the City of
Henderson's 2020 private activity bond volume cap allocation of $16,501,540.71
to the Nevada Rural Housing Authority.
NB-10 FINANCIAL UPDATE
CITY MANAGER'S OFFICE
For Possible Action.
RECOMMENDATION: Approve
Review of the Public Improvement Trust financial documents.
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VI. CHAIRMAN\MEMBER COMMENTS
The Chairman and Members may speak on any subject under this section of the
agenda. Chairman and Members may comment on matters including, without
limitation, future agenda items, upcoming meeting dates, and meeting
procedures. Comments made cannot be acted upon or discussed at this
meeting, but may be placed on a future agenda for consideration.
VII. SET NEXT MEETING
VIII. PUBLIC COMMENT
Items discussed under this Public Comment period cannot be acted upon at this
meeting, but may be referred to a future agenda for consideration. Individuals
will be limited to three (3) minutes and spokespersons for a group will be limited
to ten (10) minutes, at the discretion of the Chairman. The Chairman reserves
the right to curtail abusive, offensive, inflammatory or repetitive comments that
disrupt, disturb or otherwise impede the orderly conduct of the meeting. See
NRS 241.030(4)(a). Examples of disruptive conduct include, without limitation,
yelling, stamping of feet, whistles, applause, heckling, name calling, use of
profanity, personal attacks, physical intimidation, threatening use of physical
force, assault, battery, or any other acts intended to impede the meeting or
infringe on the rights of the board and/or committee members, City staff, or
meeting participants.
IX. ADJOURNMENT
Posted by 9:00 a.m., August 24, 2020, at the following locations:
City Hall, 240 South Water Street, 1st Floor Lobbies
Multigenerational Center, 250 South Green Valley Parkway
Whitney Ranch Recreation Center, 1575 Galleria Drive
Fire Station No. 86, 1996 East Galleria Drive
www.cityofhenderson.com
https://notice.nv.gov
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