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03-22-2022 FEDRAC PacketCOMMITTEE MEMBERS CITY STAFF HOANG TRAN, CHAIR STEVE GROOM, FINANCE DIRECTOR JACK DOVEY, MEMBER SHERRI NELSON ADMINISTRATIVE ASSISTANT II ERICA NORTON, MEMBER (253) 835-2527 FINANCE/ECONOMIC DEVELOPMENT/REGIONAL AFFAIRS COMMITTEE [FEDRAC] NOTICE: PURSUANT TO GOVERNOR INSLEE’S PROCLAMATION 20-28 THE MAYOR AND COUNCIL ENCOURAGE YOU USE ONE OF THE FOLLOWING WAYS TO PARTICIPATE IN THE MEETING REMOTELY IF YOU ARE UNABLE TO ATTEND IN PERSON. CLICK HERE TO WATCH ONLINE LIVE STREAMING VIDEO OF THE MEETING LISTEN TO THE LIVE MEETING: (888) 788-0099 OR 253-215-8782 MEETING ID: 422 053 447 SIGN-UP* HERE TO GIVE CITIZEN COMMENT DURING THE MEETING (VIA CALLING-IN) CLICK HERE TO SUBMIT WRITTEN COMMENTS TO THE CITY COUNCIL WATCH FROM THE ZOOM MOBILE APP WITH MEETING: 422 053 447 AND PASSWORD: 452084 TUESDAY – MARCH 22, 2022 @ 5:00 P.M. AGENDA FEDERAL WAY CITY HALL – COUNCIL CHAMBERS 1. CALL TO ORDER 2. PUBLIC COMMENT 3. COMMITTEE BUSINESS 4. OTHER 5. FUTURE AGENDA ITEMS: THE NEXT FEDRAC MEETING WILL BE APRIL 26, 2022 @ 5:00PM. TOPIC TITLE/DESCRIPTION PAGE # PRESENTER ACTION OR DISCUSSION A. APPROVAL OF SUMMARY MINUTES – FEBRUARY 22, 2022 3 S. NELSON ACTION 3/22 - COMMITTEE B. 2022 Highline College Small Business Development Center (SBDC) Interagency Agreement 7 T. Johnson ACTION 04/05 – COUNCIL CONSENT C. Authorization of use ARPA Funds 17 T. Johnson/S. Groom ACTION 04/05 – COUNCIL BUSINESS D. Report on PAEC Operations 21 A. Gressett DISCUSSION 3/22 - COMMITTEE E. Spectra Venue Management 2021 Incentive Fee 23 A. Gressett ACTION 04/05 – COUNCIL CONSENT F. Resolution: City of Federal Way Investment Policy 25 S. Groom ACTION 04/05 – COUNCIL BUSINESS G. City of Federal Way Debt Status Update 57 S. Groom DISCUSSION 3/22 - COMMITTEE H. AP VOUCHERS 02/16/2022 – 03/15/2022 & PAYROLL VOUCHERS 02/01/2022 - 02/28/2022 65 C. DONNELLY ACTION 04/05– COUNCIL CONSENT I. MONTHLY FINANCIAL REPORT – FEBRUARY 2022 117 C. DONNELLY ACTION 04/05 – COUNCIL CONSENT                       This page was intentionally left blank.  Finance / Economic Development / Regional Affairs Committee Tuesday, February 22, 2022 5:00 p.m. – Zoom Meeting SUMMARY MINUTES CALL TO ORDER: Committee Chair Tran called the meeting to order at 5:02 pm. COMMITTEE MEMBERS IN ATTENDANCE: Councilmember Dovey and Councilmember Norton. COUNCIL MEMBERS IN ATTENDANCE: Deputy Mayor Honda, Council President Kochmar, Councilmember Jack Walsh and Councilmember Lydia Assefa-Dawson. STAFF MEMBERS IN ATTENDANCE: Finance Director Steve Groom; Deputy Finance Director Chase Donnelly; City Attorney Ryan Call; Parks Director John Hutton; Community Relations Liaison Autumn Gressett; IT Director Thomas Fichtner; Community Center Manager Leif Ellsworth; Public Works Director EJ Walsh; Community Development Director Brian Davis; General Manager PAEC Brian Hoffman; Economic Development Director Tim Johnson; Finance Administrative Assistant Sherri Nelson. PUBLIC COMMENT: No Public Comment A. Approval of Summary Minutes – January 25, 2022 Meeting Motion to approve the minutes as written from January 25, 2022. • Moved: Tran • Seconded: Norton • Passed: 2-0 (Dovey momentarily unavailable due to connectivity issues) B. Request for Proposals – City of Federal Way Broadband Planning Study: Presented by Economic Development Director Tim Johnson Economic Development Director Tim Johnson presented the Broadband Planning Study seeking authorization to move forward with request for proposal. Motion to forward the proposed request for proposal to the March 1, 2022 consent agenda for approval. • Moved: Norton • Seconded: Tran • Passed: 2-0 (Dovey momentarily unavailable due to connectivity issues) C. Bid Acceptance RFB 21-012 and Fund Project with ARPA Allocation: Presented by Parks Director John Hutton Parks Director John Hutton presented on acceptance of bid from CEM Aquatics and authorize the allocation of $484,791.60 in ARPA funds to pay for the new water slide and play features at the 3 Federal Way Community Center, authorize the Mayor to execute the contract. Motion to forward authorization to accept CEM Aquatics bids, and authorize an additional $484,791.60 in ARPA funds and authorize the Mayor to execute the contract to complete the FWCC slide Replacement Project to the March 1, 2022 business agenda for approval. • Moved: Norton • Seconded: Dovey • Passed: 3-0 Unanimously D. Purchase of Endpoint Security Software: Presented by IT Director Thomas Fichtner. IT Director Thomas Fichtner presented purchase of Endpoint Security Software to enhance our security/threat/risk management. Motion to forward the proposed purchase of Endpoint Security Software to the March 1, 2022 consent agenda for approval. • Moved: Norton • Seconded: Dovey • Passed: 3-0 Unanimously E. Purchase of Snow & Ice Equipment: Presented by Public Works Director EJ Walsh. Public Works Director EJ Walsh presented request for purchase of snow and ice equipment Motion to forward proposed resolution to the March 1, 2022 consent agenda for approval. • Moved: Norton • Seconded: Dovey • Passed: 3-0 Unanimously F. AP Vouchers 01/16/2022 – 02/15/2022 & Payroll Vouchers 01/01/2022 – 01/31/2022: Presented by Finance Director Steve Groom. Finance Director Steve Groom presented a summary of the disbursements for the month of January 2022. Motion to forward the vouchers to the March 1, 2022 consent agenda for approval. • Moved: Norton • Seconded: Dovey • Passed: 3-0 Unanimously G. Monthly Financial Report – December 2021: Presented by Finance Director Steve Groom. Finance Director Steve Groom summarized the December 2021 Monthly Financial Report, providing an update on the financial status of the city with summary and graphical information on revenues, expenses, cash position, investments, economic outlook and debt. 4 Motion to forward the December 2021 Monthly Financial Reports to the March 1, 2022 consent agenda for approval. • Moved: Norton • Seconded: Dovey • Passed: 3-0 Unanimously Other: Deputy Mayor Honda requested further discussion regarding proposed monetary retention incentive for City Employees. Resulting discussion identified three options to be agendized for future discussion at a future regular City Council business meeting. NEXT MEETING: March 22, 2022 @ 5:00pm MEETING ADJOURNED: The meeting was adjourned at 7:27 p.m. Attest: Approved by Committee: _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Sherri Nelson, Administrative Assistant II Date 5                       This page was intentionally left blank.  6 7 8 9 10 11 12 13 14 15 16 17 18 19                       This page was intentionally left blank.  20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55                       This page was intentionally left blank.  56 57 58 59 60 61 62 63                       This page was intentionally left blank.  64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115                       This page was intentionally left blank.  116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136