Notice of Special Meeting - Signed
CONSENT CALENDAR
Actions Pertaining to Modification of the Convention Center Management
Contract:
1. Approve the Second Amendment to the 2020 Convention Center
A.
Management Agreement between the City and ASM Global Fresno,
LLC, extending the contract term to December 31, 2025.
Upon call, there was no public comment for the above item.
APPROVED
On motion of Vice President Arias, seconded by Council President
Karbassi, that the above Action Item be APPROVED. The motion
carried by the following vote:
Aye: 5 - Karbassi, Arias, Maxwell, Richardson and Esparza
Absent: 2 - Perea and Vang
GENERAL ADMINISTRATION
WORKSHOP - Debt Management
A.
The above item was presented to Council by Controller Danisi.
Council discussion included: Pension obligation and property tax bonds.
Presentation and efforts. $100 million bond proposal and Pavement
Condition Index (PCI) strategy. Street selection process and transparency
concerns. Flexibility vs. accountability in street selection. Long-term
maintenance and degradation avoidance strategy. Funding breakdown and
operational readiness. Current annual debt service and bond repayments.
General fund impacts for public safety facilities. Debt service schedule and
capacity estimate. Implementation strategy and capacity. Outsourcing vs.
internal delivery. Clarification of “red” and “orange” priority streets. Criteria
behind project prioritization. Use and understanding of PCI scores, and
projected PCI for listed projects. Request for enhanced pavement treatment
chart. Reference to 2022 workshop data. Bond capacity and project scope.
Consideration of higher funding scenarios. Deferred maintenance and
broader infrastructure bonding. Public support and voter engagement.
Bonding structures and revenue sources. Past bond obligations and asset
liabilities. City owned asset inventory and bonding potential. Asset specific
inquiries. Request for detailed bond and asset plan. Asset inventory for