Public Utilities Revenue Bond Oversight Committee

MINUTES

Friday, February 9, 2007
9:00 a.m. – 11:00 a.m.
1155 Market Street (between 7 & 8th Streets)
11th Floor Conference Room A

Committee Members

Lisbet Sunshine, Chair
Aimee Brown, Vice-Chair
Brian Browne
Severin Campbell
David Sutter
Patrick Sweetland

1. Call to Order and Roll Call

   Aimee Brown called the meeting to order at 9:11 a.m. and roll call was taken. Present: Ms Brown, Patrick Sweetland, Severin Cambell and David Sutter; Lisbet Sunshine and Brian Browne were not present. There was a quorum. (Mr. Browne arrived at 9:45 am and left at 10:55 am.)
   

2. Public Comment - Members of the public may address the RBOC on matters that are within the RBOC’s jurisdiction and are not on today’s agenda.

   There were no comments from the public.
   

3. Discussion and possible action to elect RBOC Officers

   With Mr. Sweetland’s motion and Mr. Sutter’s second, Ms Brown was nominated RBOC Chair for the remainder of the year; Mr. Sweetland amended his motion to include himself for the Vice Chair nomination; the motion was unanimously approved.
   

4. Discussion and possible action regarding recommendation by Contracting Working Group to approve contract with Robert Kuo Consulting LLC to perform certain financial consulting services for RBOC

   There was considerable discussion on this topic for the better part of the meeting. Mr. Kuo was not able to be present due to an illness and in his place was Mr. Kuo’s sub consultant Shannon Gaffney. Mr. Sutter had concerns about the contract because, to him, sections 1A and 1B lacked specificity in the task descriptions, costs and hours. He requested a cost engineering analysis that specifically attempts to answer why estimates and scopes changed.

   With Ms Campbell’s motion and Mr. Sweetland’s second, a vote was taken to approve the contract with Mr. Kuo’s firm. Ms. Campbell, Mr. Sweetland and Ms Brown voted n favor of the motion. Mr. Sutter and Mr. Browne opposed it and the motion did not pass.

   In an effort to address Mr. Sutter’s concerns, Mr. Sweetland proposed a new motion that the contract be approved with the first task order being a further breakdown of tasks 1A and 1B. A new vote was taken with Ms. Brown, Mr. Sweetland and Ms Campbell in favor and Mr. Browne and Mr. Sutter opposed; the motion did not pass.

   The RBOC Contracting Subcommittee, led by Ms Brown, agreed to meet with Bob Kuo to see if a new contract proposal could be developed with direction from the RBOC that would address Mr. Sutter’s concerns. The new contract would be prepared and sent for review by the full Committee prior to the next meeting, scheduled for 3/12/07.
   

5. Discussion and possible action to adopt RBOC regularly scheduled meetings for 2007

   Mr. Sweetland moved to accept the proposed meeting schedule and Ms Campbell seconded the motion; the proposed schedule passed unanimously. The 2007 schedule: 9:30 am – 11:30 am on 3/12/07, 4/16/07, 5/14/07, 6/11/07, 7/16/07, 8/13/07, 9/17/07, 10/15/07, 11/19/07, and 12/10/07.
   

6. Discussion and possible action regarding draft Annual Report

   With Mr. Sutter’s motion and Mr. Sweetland’s second, the Report was unanimously accepted with provided changes.
   

7. Discussion and possible action to approve the minutes of the meeting held on December 4, 2006

   With Mr. Sweetland’s motion and Mr. Sutter’s second, the Minutes were unanimously approved with provided changes.
   

8. Discussion and possible action relating to RBOC members requests for information from SFPUC staff

   There were no requests at the time.
   

9. Discussion and possible action regarding proposed agenda(s) for next meeting(s)

   Mr. Sutter requested an update of the status of the WSIP program – just the highlights – and Ms Brown requested a memo from staff giving a summary of developments within Finance.
   

10. Adjournment

    The meeting was adjourned at 11:11 a.m.