HomeMy WebLinkAboutMinutes - Minutes - Citizens Transportation Advisory Commission - Meeting Date: 12/6/2012 MINUTES
CITIZENS TRANSPORTATION OVERSIGHT
COMMISSION
5850 WEST GLENDALE AVENUE
GLENDALE,ARIZONA 85301
THURSDAY, DECEMBER 6, 2012
7:00 PM
The regular meeting of the Citizens Transportation Oversight Commission (CTOC)was
called to order by the Chair. The following Commission members, staff representatives,
and guests were present:
COMMISSION MEMBERS PRESENT: Vincent Abeyta, Chair
Brent Ackzen
Jack Bethel
Jackie Doerr
Dorlisa Dvorak
John Ferguson
Theodora Hackenberg
Ricki Ray
Joyce Stribling
COMMISSION MEMBERS ABSENT: Gerald Woodman (excused)
William Sheldon, Vice Chair (excused)
OTHERS PRESENT: Cathy Colbath, Acting Executive Director
Terry Johnson, Deputy Transportation Director
Allan Grover, Transportation Planner
Purab Adabala, Senior Transportation Analyst
Bill Passmore, Principal Engineer
Robert Schaevitz(consultant)
I. CALL TO ORDER
Chair Abeyta called the meeting to order at 7:00 PM
II. APPROVAL OF THE MINUTES
Chair Abeyta called for approval of the minutes.
ACTION BY CTOC: Approval of the minutes of the November 1, 2012 meeting of
the Citizens Transportation Oversight Commission. (Motion: Commissioner
Hackenberg, Second: Commissioner Ackzen; passed unanimously)
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III. CALL TO THE AUDIENCE
There were no comments from the floor.
IV. APPROVAL OF THE AGENDA
Chair Abeyta called for approval of the agenda.
ACTION BY CTOC: Approval of the December 6, 2012 Agenda of the Citizens
Transportation Oversight Commission. (Motion: Commissioner Hackenberg;
Second: Commissioner Ackzen; passed unanimously)
V. PUBLIC INPUT—COMMISSIONERS AND STAFF
Commissioner Ackzen reported on the December meeting of the Citizens Bicycle
Advisory Committee. Committee members continued their work on a questionnaire to be
submitted to the National Bicycle Coalition to designate Glendale as a Bicycle-Friendly
City.
VI. MANAGER'S REPORT
Terry Johnson, Deputy Transportation Director, announced that the agenda items
prepared for this meeting are in response to questions raised by CTOC members at the
September CTOC meeting regarding financial analysis and projections used in the GO
Program.
VII. FUNDING SOURCES FOR GO PROGRAM PROJECTS
Purab Adabala, Senior Transportation Analyst, presented overview information on
project funding sources and bonding for the GO Program.
VIII. FINANCIAL PROJECTIONS FOR THE GO PROGRAM
Robert Schaevitz, consultant, discussed financial data related to the update of the 2013-
2037 GO Program of Projects, including various topics such as projections, forecasting,
and bonding issues.
Commissioner Bethel asked about the coverage ratio for bond coverage. Mr. Schaevitz
responded that the coverage ratio of 2.0 is standard for good quality revenue bonds, and
higher coverage ratios (2.5 or even higher) are sometimes required for riskier credits.
Even with a 2.0 coverage, the actual interest cost for future GO borrowings will depend
not only on the reliability of GO Program sales tax revenue, but also on the City's general
credit rating and general conditions in the credit markets.
Commissioner Hackenberg asked if the City's financial problems could affect the level of
general funds in the GO Program. Mr. Schaevitz replied that this is possible, but that
general funds are only 2% of GO Program funding.
IX. MONTHLY CAPTIAL PROJECT STATUS REPORTS
Bill Passmore, Principal Engineer, presented a power point with maps of GO capital
projects under design or construction, including airport projects, bicycle and pedestrian
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projects, waterline extension projects;and highway projects along Grand Avenue,
Northern Parkway, and Myrtle Avenue.
Commissioner Ackzen requested that this agenda item be presented at the next Bicycle
Advisory Committee meeting.
X. FUTURE AGENDA ITEMS
The Commission suggested the following agenda item for a future meeting:
- LRT Tour in 2013.
Terry Johnson announced that he is ending his employment with the City of Glendale in
mid-January of 2013.
XI. NEXT MEETING DATE AND TIME
Meeting times are being targeted for 7:00 PM on the first Thursday of each month in
Room B-3 in City Hall.
XII. AD,9 RN ENT
Chair Ate . .g • Ld the meeting at 8:36 PM
i
V. 1r iit A,e a, Chair
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