Public Improvement Trust
Regular MeetingHenderson, NV · August 29, 2022
Minutes
CITY OF HENDERSON
PUBLIC IMPROVEMENT TRUST
MEETING MINUTES
Thursday, August 29, 2022
I. CALL TO ORDER
Acting Chair Derek Muaina called the Public Improvement Trust meeting to
order at 3:03 p.m. in the Midway Conference Room, 1st Floor, 240 South Water
Street, Henderson, Nevada 89015.
II. CONFIRMATION OF POSTING AND ROLL CALL
Stephanie Murray, Planning Commission Coordinator, confirmed the Public
Improvement Trust meeting had been noticed in compliance with the Nevada
Open Meeting Law.
Present: Derek Muaina, Acting Chair
Storm Ainsley (via teleconference)
Paul Braun
Debbie Englund
Randy Norton (arrived at 3:16 p.m.)
Staff: Lisa Corrado, Community Development and Services Director
Wade Gochnour, Assistant City Attorney III
Shelly Labay, Senior Planner
Jim McIntosh, Chief Financial Officer
Stephanie Murray, Planning Commission Coordinator
Michelle Reese, Deputy City Clerk
Janet Sandifer, Deputy City Clerk
Jared Smith, Director of Economic Development and Tourism
III. PUBLIC COMMENT
(Minutes/Discussion)
There were no public comments presented.
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Thursday, August 29, 2022 – Minutes
IV. ACCEPTANCE OF AGENDA
(Motion)
Member Debbie Englund introduced a motion to accept the agenda as
presented. The roll call vote favoring passage was: Those voting aye: Acting
Chair Derek Muaina, Debbie Englund, Storm Ainsley, Paul Braun. Those voting
nay: None. Those absent: Randy Norton. Those abstaining: None. Acting Chair
Derek Muaina declared the motion carried.
V. NEW BUSINESS
1 WELCOME AND INTRODUCTION OF NEW TRUSTEE
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
Welcome and introduction of new Trustee, Paul Braun.
(Minutes/Discussion)
Member Paul Braun provided an overview of his background and introduced
himself to the members of the Public Improvement Trust.
2 ELECT CHAIR
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
Election of one of the Trustees of the Public Improvement Trust to serve as
Chair of the Public Improvement Trust for a one-year term.
(Motion)
Paul Braun introduced a motion to elect Derek Muaina as Chair of the Public
Improvement Trust for a one-year term. The roll call vote favoring passage was:
Those voting aye: Chair Muaina, Debbie Englund, Storm Ainsley, Paul Braun.
Those voting nay: None. Those absent: Randy Norton. Those abstaining: None.
Chair Muaina declared the motion carried.
3 ELECT VICE-CHAIR
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
Election of one of the Trustees of the Public Improvement Trust to serve as
Vice-Chair of the Public Improvement Trust for a one-year term.
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Thursday, August 29, 2022 – Minutes
(Motion)
Member Debbie Englund introduced a motion to elect Paul Braun as Vice-Chair
of the Public Improvement Trust for a one-year term. The roll call vote favoring
passage was: Those voting aye: Chair Derek Muaina, Debbie Englund, Storm
Ainsley, Paul Braun. Those voting nay: None. Those absent: Randy Norton.
Those abstaining: None. Chair Derek Muaina declared the motion carried.
4 ELECT TREASURER
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
Election of a Treasurer for the Public Improvement Trust to serve for a one-year
term. Jim McIntosh currently serves in this role and it is the recommendation of
staff to re-elect Jim McIntosh for an additional one-year term.
(Motion)
Chair Derek Muaina introduced a motion to re-elect Jim McIntosh as Treasurer
of the Public Improvement Trust for an additional one-year term. The roll call
vote favoring passage was: Those voting aye: Chair Derek Muaina, Debbie
Englund, Storm Ainsley, Paul Braun. Those voting nay: None. Those absent:
Randy Norton. Those abstaining: None. Chair Derek Muaina declared the
motion carried
5 ELECT SECRETARY
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
Election of a Secretary for the Public Improvement Trust to serve for a one-year
term. Stephanie Murray currently serves in this role and it is the
recommendation of staff to re-elect Stephanie Murray for an additional one-year
term.
(Motion)
Chair Derek Muaina introduced a motion to re-elect Stephanie Murray as
Secretary of the Public Improvement Trust for an additional one-year term. The
roll call vote favoring passage was: Those voting aye: Chair Derek Muaina,
Debbie Englund, Storm Ainsley, Paul Braun. Those voting nay: None. Those
absent: Randy Norton. Those abstaining: None. Chair Derek Muaina declared
the motion carried.
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Thursday, August 29, 2022 – Minutes
6 MINUTES
PUBLIC IMPROVEMENT TRUST
APRIL 28, 2022
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
Public Improvement Trust meeting minutes of April 28, 2022
(Motion)
Member Debbie Englund introduced a motion to adopt the Public Improvement
Trust meeting minutes of April 28, 2022, as presented. The roll call vote favoring
passage was: Those voting aye: Chair Derek Muaina, Debbie Englund, Storm
Ainsley. Those voting nay: None. Those absent: Randy Norton. Those
abstaining: Paul Braun. Chair Derek Muaina declared the motion carried.
7 ANNUAL AUDIT REPORT
FINANCE DEPARTMENT
Accept the Annual Audit Report for fiscal year ending June 30, 2022, as
prepared by the accounting firm of Ovist and Howard, CPAs and authorize the
Chair to sign the Management Representation letter.
(Minutes/Discussion)
Shari Valdez, Ovist and Howard, presented a summary of this item.
Responding to a question from Member Paul Braun, Ms. Valdez stated there
were no findings or exceptions to the audit.
(Motion)
Member Braun introduced a motion to accept the Annual Audit Report for fiscal
year ending June 30, 2022, as prepared by the accounting firm of Ovist and
Howard, CPAs; and authorize the Chair to sign the Management
Representation letter. The vote favoring approval was unanimous. Chair Derek
Muaina declared the motion carried
8 FINANCIAL UPDATE
FINANCE DEPARTMENT
Jim McIntosh, Trust Treasurer, will review the Public Improvement Trust
financial documents for all financial transactions related to the Trust.
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Thursday, August 29, 2022 – Minutes
(Minutes/Discussion)
Jim McIntosh, Chief Financial Officer/Treasurer, presented a summary of this
item and stated the Trust has $150,167.31 in assets and $10,966.00 in
liabilities.
Responding to a question from Member Paul Braun, Mr. McIntosh stated there
is not an investment policy for the Trust.
9 ETHICS PRESENTATION BY CITY ATTORNEY
CITY ATTORNEY’S OFFICE
Wade Gochnour, Assistant City Attorney, will provide a brief overview and
explanation of City ethics laws and policies applicable to all City Trustee
members.
(Minutes/Discussion)
Wade Gochnour, Assistant City Attorney III, reviewed a PowerPoint
presentation and explained the applicable City ethics laws and policies.
10 RESEARCH UPDATES
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
Based on discussion and requests from Trustees at previous meetings, Shelly
Labay will present information on multi-year requests as well as an analysis of
current Private Activity Bond Cap (PABC) projects throughout the state of
Nevada.
(Minutes/Discussion)
Shelly Labay, Senior Planner, reviewed information she had gathered regarding
outstanding questions from previous meetings. She stated the trust can give
multi-year requests.
Scott Shaver, with Stradling Yocca Carlson & Rauth, explained the process for
implementing multi-year requests.
Lisa Corrado, Director of Community Development and Services, pointed out
the current challenges presented by Trust deadlines.
A discussion ensued regarding the challenges and benefits of adopting a
resolution to enable multi-year projects, as well as ways to market the Trust to
interested parties.
Ms. Labay reviewed the PABC projects throughout the State of Nevada.
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Thursday, August 29, 2022 – Minutes
Responding to a question by Member Randy Norton regarding follow-up with
financial institutions, Ms. Labay stated that because the topic was too
generalized, the discussion was not productive; however, if specific projects
were brought forward, she would expect a better dialog.
Jared Smith, Director of Economic Development and Tourism, stated he would
be open to a brainstorming session and said with targeted goals, his team can
research and help find projects.
A discussion ensued reviewing the uniqueness of the Trust and history of the
creation of the Trust.
The group then discussed different strategies for allocating the Trust, ways to
identify goals, the best ways to support affordable housing in the local area,
potential for acquiring additional bonding cap, alternating years that the bond is
allocated to have additional bonding cap, targeted marketing to rehabilitate
blighted areas, and potential for partnering with the county on projects.
11 NEXT STEPS
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
Based on discussion during the meeting, staff will summarize research requests
and follow-up items, and content for the next meeting.
(Minutes/Discussion)
Lisa Corrado, Community Development and Services Director and Shelly Labay,
Senior Planner summarized the discussions had throughout the meeting
The following items were identified as topics for upcoming meetings.
Information item for Trustees regarding the application process
Research updates on the City’s strategy including public infrastructure,
prevailing wage, and land acquisition
Gain feedback from housing developers on potential for utilizing the Trust
VI. CHAIRMAN\MEMBER COMMENTS
(Minutes/Discussion)
Jim McIntosh, Chief Financial Officer, stated that Rosa Reynolds, Senior
Administrative Analyst, had paperwork from Bank of America for the Chair to
complete.
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Thursday, August 29, 2022 – Minutes
VII. SET NEXT MEETING
(Minutes/Discussion)
The next meeting was set for October 27, 2022 at 3:00 p.m.
VIII. PUBLIC COMMENT
(Minutes/Discussion)
There were no public comments presented.
IX. ADJOURNMENT
(Minutes/Discussion)
There being no further business to discuss, Chair Muaina adjourned the
meeting at 4:59 p.m.
Respectfully submitted,
/s/ Michelle Reese
Michelle Reese,
Deputy City Clerk
Agenda
CITY OF HENDERSON
PUBLIC IMPROVEMENT TRUST
AGENDA
Monday, August 29, 2022 Midway Conference Room
3:00 PM 240 S Water Street
Meeting Inquiries: (702) 267-2016 Henderson, Nevada 89015
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 Stephanie Murray at
(702) 267-2016 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 Chairman 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.
Public comment will be taken at the designated Public Comment periods. 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.
Backup materials for agenda items can be found in the Office of the City Clerk or on the
City's website at: http://www.cityofhenderson.com. To request backup materials, please
contact Stephanie Murray at (702) 267-2016.
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Monday, August 29, 2022 - Agenda
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. In addition, any person willfully disrupting the meeting
may be removed from the room by the presiding officer. 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
1 WELCOME AND INTRODUCTION OF NEW TRUSTEE
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
For Information Only
Welcome and introduction of new Trustee, Paul Braun.
2 ELECT CHAIR
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
For Possible Action.
RECOMMENDATION: Elect
Election of one of the Trustees of the Public Improvement Trust to serve as
Chair of the Public Improvement Trust for a one-year term.
Public Improvement Trust Meeting Page 3 of 5
Monday, August 29, 2022 - Agenda
3 ELECT VICE-CHAIR
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
For Possible Action.
RECOMMENDATION: Elect
Election of one of the Trustees of the Public Improvement Trust to serve as
Vice-Chair of the Public Improvement Trust for a one-year term.
4 ELECT TREASURER
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
For Possible Action.
RECOMMENDATION: Elect Jim McIntosh
Election of a Treasurer for the Public Improvement Trust to serve for a one-year
term. Jim McIntosh currently serves in this role and it is the recommendation of
staff to re-elect Jim McIntosh for an additional one-year term.
5 ELECT SECRETARY
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
For Possible Action.
RECOMMENDATION: Elect Stephanie Murray
Election of a Secretary for the Public Improvement Trust to serve for a one-year
term. Stephanie Murray currently serves in this role and it is the
recommendation of staff to re-elect Stephanie Murray for an additional one-year
term.
6 MINUTES
PUBLIC IMPROVEMENT TRUST
APRIL 28, 2022
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
For Possible Action.
RECOMMENDATION: Adopt
Public Improvement Trust meeting minutes of April 28, 2022
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Monday, August 29, 2022 - Agenda
7 ANNUAL AUDIT REPORT
FINANCE DEPARTMENT
For Possible Action.
RECOMMENDATION: Accept
Accept the Annual Audit Report for fiscal year ending June 30, 2022, as
prepared by the accounting firm of Ovist and Howard, CPAs and authorize the
Chair to sign the Management Representation letter.
8 FINANCIAL UPDATE
FINANCE DEPARTMENT
For Information and Discussion Only
Jim McIntosh, Trust Treasurer, will review the Public Improvement Trust
financial documents for all financial transactions related to the Trust.
9 ETHICS PRESENTATION BY CITY ATTORNEY
CITY ATTORNEY’S OFFICE
For Information and Discussion Only
Wade Gochnour, Assistant City Attorney, will provide a brief overview and
explanation of City ethics laws and policies applicable to all City Trustee
members.
10 RESEARCH UPDATES
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
For Information Only
Based on discussion and requests from Trustees at previous meetings, Shelly
Labay will present information on multi-year requests as well as an analysis of
current Private Activity Bond Cap (PABC) projects throughout the state of
Nevada.
Public Improvement Trust Meeting Page 5 of 5
Monday, August 29, 2022 - Agenda
11 NEXT STEPS
COMMUNITY DEVELOPMENT AND SERVICES DEPARTMENT
For Information Only
Based on discussion during the meeting, staff will summarize research requests
and follow-up items, and content for the next meeting.
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. In
addition, any person willfully disrupting the meeting may be removed from the
room by the presiding officer. 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 not later than 9:00 a.m. of the third working day before the meeting, at the following locations:
City Hall, 240 South Water Street
www.cityofhenderson.com
https://notice.nv.gov
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