Debt cost savings, airport improvements and easing of the city’s regulation of for-hire transportation companies are on Tuesday’s Killeen City Council agenda.
Council members will vote whether to proceed with the process of refunding, or refinancing, up to $40,115,000 in outstanding obligation bonds to save the city at least $2.2 million over the life of the bonds, according to a memorandum. The maximum maturity date is Aug. 1, 2036, and there will be no extension in the term or size of the debt, the memo said.
The council will consider approving nearly $600,000 for a professional services agreement with Garver, LLC.
The company would perform design, bidding, contract administration and construction services for passenger boarding bridges at the Killeen-Fort Hood Regional Airport.
All of the funding is covered by an FAA grant (90 percent) and by passenger facility charges (10 percent).
“Despite a rigorous preventative maintenance program used by the airport, these bridges are experiencing ever increasing mechanical and maintenance issues,” a memo said. The original equipment manufacturer of the bridges is no longer in business, and parts and maintenance support are difficult to obtain.
Some of the parts necessary to keep the bridges operational in the past had to be imported from Europe, the memo said.
A second part of the request to council is the authorization of expenditure in the fiscal year 2018 budget of several capital improvement projects at the airport using the passenger facility charges ($1.3 million) and customer facility charges ($1.6 million). PFC projects include upgrades to the flight information and common use system ($750,000) and rehabilitating Terminal Access Road ($291,000). CFC projects include covered parking for the rental car parking lot ($1 million) and car wash facility improvements ($600,000).
There is no negative impact to the Aviation Fund balance, the memo said.
The council will decide whether to amend the city’s transportation code to simplify regulation of for-hire transportation services, such as taxis and limousines.
Main changes include having all transportation companies obtain a five-year operating license instead of a five-year franchise for taxicabs and three-year authority for other services; elimination of vehicle inspections (state inspection would apply); and modifying driver requirements in keeping with state law for transportation network company drivers, according to a city memo.
The council will meet at 5 p.m. at 101 N. College St. Go to http://bit.ly/2ztEVYw to see the agenda.
Immediately following the regular meeting, the council will convene for a workshop at 210 W. Avenue C to consider a Killeen Police Department request to use a state grant to purchase 225 units of rifle-resistant body armor worth $127,350; and continue its discussion of city financial planning and policies. Go to http://bit.ly/2iL5zlt to see the agenda.