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HomeMy WebLinkAbout03-27-2018 WORKSHOP MINUTES -1- tIVI 1.2 M t1 •rf,9 nr �qy�,U at ,,4, .4'�66,,k�G4,& as N..,` OUR NAto ``YV VIRGINIA BEACH CITY COUNCIL Virginia Beach, Virginia March 27, 2018 Mayor Wiliam D. Sessoms, Jr., called to order the CITY COUNCIL'S WORKSHOP in the City Council Conference Room, Tuesday, March 27, 2018, at 4:00 P.M. Council Members Present: Jessica P. Abbott, M. Benjamin Davenport, Robert M. Dyer, Barbara M. Henley, Vice Mayor Louis R. Jones, Shannon DS Kane, John D. Moss, Mayor William D. Sessoms, Jr., John E. Uhrin, Rosemary Wilson and James L. Wood Council Members Absent: None March 27, 2018 -2- CITY MANAGER'S BRIEFINGS QUARTERLY FLOOD CONTROL/ STORMWATER PROGRAM- Update 4:00 P.M. Mayor Ses;oms welcomed Toni Alger, Stormwater Engineering Center Administrator — Public Works. Ms. Alger expressed her appreciation to City Council for their continued support and distributed a copy of today's ftriefing which is attached and made a part of this record. Mayor Seswms thanked Ms. Alger for the informative presentation. March 27, 2018 3/27/2018 7 taiiIf : ., _ , __,..., ....� - sr liViet .; ,. -''' *** �, � lam+'~ MI � i A m, ,_at �+ i b t� ■ / ` G v. ‘: . s, QUARTERLY STORMWATER UPDATE FLOOD CONTROL PROJECTS TONI ALGER, P.E.-STORMWATER ENGINEERING CENTER ADMINISTRATOR MARCH 27, 2018 11111 Aragona Drainage Improvements Ashville Park Drainage Improvements Central Resort District Drainage Improvements A S Chubb Lake/ Lake Bradford H B Eastern Shore Drive Drainage 0 Sherwood Lakes Drainage Improvements A R Stormwater Master Planning, Analysis and Inventory D Windsor Woods, Princess Anne Plaza, and The Lakes 2 1 3/27/2018 ARAGONA DRAINAGE IMPROVEMENTS, 7-400 ❑ Neighborhood developed in the mid 1950s ❑ Storm drain improvements to address severe roadway flooding ❑ Project limits include the area south of Haygood Roa and west of Aragona Blvd. Lynbrook Ruaenao4 .,r^' Lanchnq - Aynpnr.l Park Aragona ViMape Estimated Total Project Cost: $3.76M 3 ARAGONA DRAINAGE IMPROVEMENTS FIRST QUARTER 2018 ACTIVITIES • Design ongoing, approximately 50% complete • Scheduled to advertise for construction in July 2018 4 2 L 3/27/2018 ,• , Ill Estimated Total Project Cost: $35M; BTC: $26M i t ASHVILLE PARK DRAINAGE IMPROVEMENTS, 7-047 Storm drain improvements to address severe roadway and property flooding i Stormwater Pump Station J Gated Control Structure at Existing Outfall (Flanagans Lane) Additional Stormwater Sigma '°" Ponds ❑ Temporary pumping in advance of significant rainfall events Phase I Estimated Project Cost:$11.2M -$13.5M o Pump to elevation 1 5 5 ASHVILLE PARK DRAINAGE IMPROVEMENTS FIRST QUARTER 2018 ACTIVITIES • Ongoing — Maintain lakes at elevation 2.0 • Dec 2017 — Phase I draft preliminary engineering report (PER) submitted • Jan/Feb 2018 — Meetings with Developer, HOA, US Fish and Wildlife • February 27, 2018 — City Council Briefing • March 2, 2018 — Final PER completed • March 19, 2018 — Provided Developer draft term sheet & summary of the cost participation • March 25, 2018 — Advertised Lake #14 Weir Gate Complete construction October 2018 • March 30, 20 — Draft 30% plans and term sheet 6 3 3/27/2018 t al ' CENTRAL RESORT DISTRICT DRAINAGE IMPROVEMENTS, 7-041 Multi-phase project to address severe roadway flooding Improvements include storm drains, tide gate, pump station & ocean outfall J Interim Projects: o Replace existing 42"pipe ' -'"r». located under 24th Street with a box culvert or bridge; estimated cost^'$6M o Redirect approx.15 ac.from Estimated Total Project Cost: $113M; BTC$112.7M 21st St and Baltic Ave.to 16th St.Pump Station; estimated cost^'$15M 7 7 CENTRAL RESORT DISTRICT DRAINAGE IMPROVEMENTS FIRST QUARTER 2018 ACTIVITIES • No project activities at this time 8 4 3/27/2018 4 ,.�.� CHUBB LAKE/ LAKE `.,• CHUBB `•• CHESAPEAKE BAY BRADFORD LAKE , 7-053 'A,'``�.,� ❑ Multi-phase project BRADFORD ...�'..,�..., LAKE °^'"` ❑ Storm drain improvements to alleviate roadway flooding E�RwE j Additional stormwater sNv3 culverts under roadways ❑ Tide control devices such as Amr mechanized sluice gates 01\1101) NIORTNA 4131 ❑ Stormwater management B wo,1 pond improvements Estimated Total Project Cost:$32M; BTC:$24.4M ❑ Channel and ditch clearing 9 9 CHUBB LAKE BRADFORD LAKE FIRST QUARTER 2018 ACTIVITIES • Public Works continues coordinating with the Navy to open the weir gate when major rain events are forecasted • March 27, 2018 — Public Works is meeting with JEB Little Creek staff to discuss cleaning ditch across Little Creek Base between Lake Bradford and Nider Boulevard • Public Works/Operations waiting on permit to remove sediment from ditch between Nider Boulevard and Boone Clinic culvert • Identified 2 Early Implementation Projects • 780 feet of ditch from the north side of Shore Drive north to Lake Bradford • 1,150 feet of ditch from Pleasure House Road (north of Shore Drive) west to Lake Bradfor 10 3/27/2018 ��'` EASTERN SHORE DRIVE i - C eHenry DRAINAGE PHASE I, . . ,..-'''". 7-151 • Sn' ,e. �� -A Multi-phase project Lynnhaven r . - Shores cm ❑ Flood control drainage e Story I _ y the Sea improvements J Improvements include stormwater collection systems,tide gates & pump I Bro dBdy stations U Detailed Engineering Analyses to develop the specific program of floo control measures Estimated Total Project Cost: $83.2M; BTC$27.1M 11 EASTERN SHORE DRIVE DRAINAGE PHASE FIRST QUARTER 2018 ACTIVITIES • Cape Henry Canal Drainage Improvements design underway o Box culvert from Ebb Tide Road to West Great Neck Road o Side Street Outfall Improvements to Starfish Rd, Ebb Tide Road & Red Tide Rd o Begin construction — July 2018 o Estimated Project Cost— $3M o Provides an improved drainage outfall for the Shore Drive Corridor Improvements — Phase III project (CIP 2-117) • Parcel at Page Avenue for future pump station is being acquired as part of the Shore Drive Corridor Improvements — Phase III Roadway project Appraisals are underway • March 15 & 26 2018 — Met with BAC and SDCC to give project briefing 12 6 3/27/2018 04 SHERWOOD LAKES DRAINAGE IMPROVEMENTS, 7-048 J Project to address severe roadway and property flooding Improvements include a pump station with a pipe connection between 2 lakes ❑ Temporary Pumping in advance of rain event Estimated Total Project Cost:$3M 13 SHERWOOD LAKES DRAINAGE IMPROVEMENTS FIRST QUARTER 2018 ACTIVITIES • Ongoing — Lakes pumped down to elevation 3.0 in advance of forecasted significant rainfall • Design for the Permanent Pump Station including interconnect pipe is complete • Design for pump station vault, lake intake pipe, and outfall pipe design is complete • Plans for pump station, vault, lake intake pipe, and outfall pipe have been combined to be bid as one project • Cost Participation Agreement and Construction Advertisement Pending 14 14 7 3/27/2018 WINDSOR WOODS, PRINCESS ANNE PLAZA &THE LAKES, 7-028, 7-050, & 7-051 3 Detailed Engineering Analyses to develop the specific program of flood control measures ❑ Projects combined for initia analysis ❑ Analyses will Identify o Needed Improvements o Cost of the Improvements o Implementation and Phasing Plan o Environmental Permitting Required Estimated Total Project Cost: $129M; BTC: $73M 15 WINDSOR WOODS, PRINCESS ANNE PLAZA & THE LAKES FIRST QUARTER 2018 ACTIVITIES • January 22, 2018 — Fact finding Charrette with Public Works Operations • January 31, 2018 — Program Solutions Alternative Charrette • January 31, 2018 — Completed initial stormwater models • February 6, 2018 — Workshop to develop Princess Anne Plaza and The Lakes early implementation projects • February 6, 2018 — Presentation to council on FEMA Flood Mitigation Grant projects 16 3/27/2018 WINDSOR WOODS, PRINCESS ANNE PLAZA & THE LAKES FIRST QUARTER 2018 ACTIVITIES • February 19, 2018 — Follow-up of Program Solutions Charrette • February 26, 2018 — London Bridge Creek Pump Station Location Alternatives Draft Assessment Brief • March 7, 2018 — Public Utilities coordination for initial drainage projects • Attended the following meetings: c, January 9, 2018 — Princess Anne Plaza Civic League Project Update February 13, 2018— Princess Anne Plaza Civic League Project Update o March 13, 2018— Princess Anne Plaza Civic League Project Update 17 EARLY CONSTRUCTION PROJECTS - CLUBHOUSE ROAD DRAINAGE IMPROVEMENTS • Design in Progress • Survey and Geotech work underway Club House Rd • Complete Design — Drainage Improvements Bow Creek October 2018 Recreation Center and Golf Course • Acquisition Complete — September 2019 cc • Construction Start — January 2019 En 18 18 9 3/27/2018 EARLY CONSTRUCTION PROJECTS - FEMA REIMBURSEMENT PROJECTS • Project 1 — $4.2 M O 2,608 If of pipe improvements O South Plaza Trail from Rosemont Road to Presidential Boulevard to Windsor Woods Canal • Project 2 — $948 K O 1,415 If of pipe improvements Old Forge Road to Red Lion Road to Windsor Woods Canal • Project 3 — $201 K O 445 If of pipe improvements O Kings Point Court to Windsor Woods Canal 19 EARLY CONSTRUCTION PROJECTS - FEMA REIMBURSEMENT PROJECTS Lake Windsor Pump Station 1264 and Gated Control Structure Windscr Woods Flementary Schoo. 43} Lake __? Windsor o Mount S Plaza Trad 1. Trashmore . --a - ... . .. i Project 1 Lake Trashmore Project 2 Project • Windsor Oaks Flementary School • Engineering Design Initiated 20 1 0 3/27/2018 DREDGING PROJECTS Windsor Woods Cana' Windsor Oaks West 1 Windsor Oaks West 2 Windsor Oaks West 3 -----�s� Northgate Ditch 21 COMPLETED PROJECTS WINDSOR OAKS WEST I, Afte CIP 7-415.039 `` ., ` Dredge 1 ,510-ft canal to restore ` original drainage capacity _ 4,218 cubic yards of dredge material removed , ! * £ ` Notice to Proceed — tt `>A June2017 Construction Complete Avg. Pre-depth: 0.8' Total Project Cost — $700K Avg. Post-depth: 4.05' 22 11 3/27/2018 COMPLETED PROJECTS WINDSOR OAKS WEST II, After CIP 7-415.039 „ .,- '� _ ' ki , ■ Dredge 2,760-ft canal to restore _, ,� original drainage capacity °�_} ■ 7,053 cubic yards of dredge material removed 7x _� Notice to Proceed — tr .. 1 `, `, .,:,-� July 2017 LI . . Construction Complete 7451001 ` Avg.tfre-depth: 0.65' ` Total Project Cost — $675K Avg. Post-depth: 4.55' / f 23 23 ACTIVE PROJECTS - WINDSOR WOODS CANAL, '; , 4 x CIP 7-028.002 . ,ram ° t y _ ' Dredge 4,100-ft canal to restore ° �� ` �'� ,` `Y" original drainage capacity :::V 3143-+=i-tttl ,►k^..- - ' ' - Approximately 10,900 cubic ,f '""`""�'' yards of dredge material ' , Notice to Proceed — r "" June 2017 4. , . Construction Complete — June 2018 ` =, —` Avg. Pre-depth: 3.1' w -R� Avg. Post-depth: 5.2' Estimated Total Project Cost— $2M 24 12 3/27/2018 ACTIVE PROJECTS ;, .. , ' NORTHGATE DITCH, ' • CIP 7-028.001 r, ,. y , Dredge 6,000-ft canal to restore • .: :fi original drainage capacity .. • • Approximately 3,000 cubic ;,y 4 = yards of dredge material .�-.. . Notice to Proceed — • '•'- "1 May 2017 M: - ' Construction Complete — May 2018 • , ` Avg. Pre-depth: 1.5' t • Avg. Post depth: 4.4' ° Estimated Total Project Cost — i - y $2M 25 ACTIVE PROJECTS .:-.1 v---• . 1 WINDSOR OAKS WEST III, 4 ; : : s: ,•. .: ' ,. •. A • CIP7-415.039 . ' 4 :' . •_ " '� Dredge 2,150-ft canal to restore '��' original drainage capacity , - Approximately 5,000 cubic an4-0' • yards of dredge material • Begin Construction — April 2018 I • Construction Complete — •r.f January 2019 '`' Avg. Pre-depth: 1.8' };, Avg. Post depth: 4.95' Estimated Total Project Cost— sr , • $650K 26 1' 3/27/2018 SWM MASTER PLANNING, 41111 ANALYSIS, AND MODELING, - 7-027 ,� i Updating the City's 31 tiri Stormwater Watershed 404* Models ❑ Includes Preliminary Drainage Analysis to identify future Capital Drainage Projects Models will allow Stormwater Engineering Center to provide drainage design parameters such as downstream water surface levels to developers for projects Models will be kept up to date and reside in the Stormwater Total Project Cost: $13.7M Engineering Center 11111111 27 27 SWM MASTER PLANNING, ANALYSIS, AND MODELING UPDATE ON SCHEDULE • Lynnhaven River Watershed o Watersheds 3, 5, & 8 are complete o Watersheds 4 & 7 completed January 2018 o Watershed 6 & 30 to be complete by April 2018 o Watershed 31 to be complete by October 2018 o Watershed 1 to be complete by December 2018 • Atlantic Ocean Watershed Watershed 29 to be complete by January 2019 28 28 14 3/27/2018 SWM MASTER PLANNING, ANALYSIS, AND MODELING UPDATE ON SCHEDULE • Elizabeth River Watersheds o Watershed 2 to be complete by August 2018 o Watersheds 17-22 to be complete by February 2019 • Southern Rivers Watershed o Watersheds 10 & 12 to be complete by April 2018 o Watersheds 9 to be complete by August 2018 o Watersheds 11, 16, 23-28 to be complete by November 2018 o Watershed 13, 14 & 15 to be complete by January 2019 29 DISCUSSION 30 i5 -3- CITY MANAGER'S BRIEFINGS PENDING PLANNING ITEMS 4:21 P.M. Mayor Sessoms welcomed Jimmy McNamara, Planning. Ms. McNamara expressed his appreciation to the City Council for their continued support and distributed a copy of today's briefing which is attached and made a part of this record. Mayor Sessoms thanked Mr. McNamara for the informative presentation. March 27, 2018 3/27/2018 t .t i . giVB 4 �ti .`t.• r,� ' Virginia Beach,_ Planning Items frr. • `' . ;. „ ; April 3rd & April 17th City Council Meetings r.,44/04,„. i '''' ''''. ' s . 1 SUMMARY - April 3rd 1 Planning item scheduled for City Council's consideration 1. Argos Properties II,LLC—Princess Anne District 14,17" .—�I ......��I 1 • Conditional Change of Zoning(AG-1&AG-2 Agricultural Districts to Conditional R-10 - , I i I t - Residential & P-1 Preservation District) I f__J ti---t 1 1 Beach 1 ./'-'V Rose Hall f Centerville ...- 1 Princess Anne it t 1 2 1 3/27/2018 Argos Properties II, LLC Agenda Item Council District Princess Anne Location North side of Princess Anne Road Nimmo Parkway •jam k 8^ s et?a cca 4 ..... „ .• .. . ` ,- �.; 4 °�_::.. 1ti.,#ftti, , - * Road. oh � .4 ., AG 2 - noss p,M. **Deferral Requested** Conditional Change of Zoning(AG-1&AG-2 Agriculture to Conditional R-10 Residential& P-1 Preservation) Staff recommends Approval Planning Commission voted 7-3,with 1 abstention,to recommend Denial 3 Argos Properties II, LLC "' " gns�lwrrou ...w....w ®®7ru.wc4 I n _ a I w4 1,6 16 1", 1 d .m.a..e: 1. »01 ESpEM. 1 • The applicant has requested a deterral until the May 15, 2018 City Council hearing • 32 single-family dwellings proposed on the 50.84 acre site(21.34 acres of density eligible area; 1.5 units per acre) • No dwellings to be located in Floodplain Subject to Special Restrictions, Wetlands or Southern Rivers Buffer Area • Entrance to development is located in the Floodplain Subject to Special Restrictions • Preliminary stormwater strategy reviewed and accepted 4 2 3/27/2018 SUMMARY - April 17th 5 Planning items scheduled for City Council's consideration 1. Kay F.Stanley—Beach District i 1 • Conditional Use Permit(Home Occupation—Commercial Kitchen) eayside Lynnha f ven • 2. Evergreen Virginia,LLC—Beach District "'~^;�I" . • Conditional Use Permit(Car Wash Facility) • Modification of Conditions (Motor Vehicle Sales&Automobile Repair Establishment) t._ e'a`h\l Kempsville 1 <' Rolm Hal i 3. Logan Virginia Properties,LLC—Kempsville District Hall • Conditional Rezoning(B-2,A-12&R-7.5 to Conditional B-2) 1 \ \ Centerville ! �'. 4. ACC Property Solutions,Inc.—Beach District t • Conditional Rezoning(A-12 to Conditional R-5S) 5. Kellye V.Gentry—Princess Anne District • Subdivision Variance(Sections 4.4(b)&(d))of the Subdivision Regulations) d 5 Kay F. Stanley Agenda Item Council District Beach Location 312 Indian Avenue r 1 � RdS t Y \ 44 A-12 '� ,r, ,..,„.... .,. . . . 4 /z/f7r,f/\ :. \\-----' ,,_ . _ ‘ _ft t `Z1 ,- .r ,°':s '' $S Conditional Use Permit(Home Occupation—Commercial Kitchen) Staff recommends Approval Planning Commission voted 10-0 to recommend Approval 6 3 3/27/2018 Kay F. Stanley z s 1 4 • Commercial kitchen in the attached garage • Products sold off site at local farmers' markets and grocery stores; no customers to the site • Applicant and daughter sole operators 7 Evergreen Virginia, LLC Agenda Item Council District Beach Location 205 Yorktown Avenue 2 ,_ • ,,4 \ , , ,____,, , ,_ . _. , . , , ,_ s /Ls_ , ... _ — • . __ i______, , • . . . ,..., .. , , , , -",-.k.Alt, -- , i- 13-1A* 74t ..1,,,i't-'''''‘', , '5— „I. : - ifilk... , I, .- 1 I� i 1r Conditional Use Permit(Car Wash Facility) Modification of Conditions(Motor Vehicle Sales&Automobile Repair Establishment) Staff recommends Approval Planning Commission voted 10-0 to recommend Approval 8 4 3/27/2018 Evergreen Virginia, LLC . \\NN LLB. • Incorporating adjacent 21,051 square-foot lot into existing automobile dealership site • 3,453 square-foot addition to the existing repair garage (including new car wash) • Car wash limited to service customers 9 Logan Virginia Properties, LLC Agenda Item Council District Kempsville Location 5441 Virginia Beach Boulevard 3 g S A1 �1 r .: e• a ass r t.1 hig,-1.44)441 ' ‘,/ ....,,, - ' , '''' 1 - , ifrc g :44 R•7.6 w c, RM ,• .Ji $ a R A ` s.. A ` _ or Q 'T 7'RL, Conditional Change of Zoning(B-2, A-12,& R-7.5 to Conditional B-2) Staff recommends Approval Planning Commission voted 10-0 to recommend Approval 10 5 3/27/2018 Logan Virginia Properties, LLC ..,_ -, • 4.32 acre site to be developed with a 44,685 square-foot retail furniture store • 125 parking spaces proposed • Landscape buffer and fence along all property lines adjacent to residential district 11 ACC Property Solutions, Inc. Agenda Item Council District Beach Location 1602 Cypress Avenue 4 y r T `rgdlsfl _. Jf. kt JfAtRT-3 8 r - Q1 •0,10 t fr -•• . Y.,- y' RA D i D- Conditional Rezoning(A-12 to Conditional R-55) Staff recommends Approval Planning Commission voted 10-0 to recommend Approval 12 6 3/27/2018 ACC Property Solutions, Inc. F- inn - rp w, °' .rw-or ormoo V p.,,,, of or .. ®®B i" i i '. (TOW rra.mmr _..... ...... ......._____, 8.. :,, 4. .., :,.., M ini 21 b neinessoc .4 41liiiiirlirli . 1.fMf nFi1G. t - ' .-...a.i�..+.....w—..-aa.�we.� ,,., r.m.er a tt COMM M [ r Proposed Dwelling V w ran.w•. w,,, I • 2,117 square-foot lot currently zoned A-12 with a non-conforming single-family dwelling ne . . • Proposing to replace with a 3-story single- family dwelling ® ® • I • Requesting deviations to front and side yard (q amr .wwa .r' ..weer mar • raw •,, setbacks q +.n u..w u' ,•,.e.i 'RESS AVENUE(60'; I►«d.) • Mr Ina.2O12040200035003O) 13 Kellye V. Gentry Agenda Item Council District Princess Anne Location West side of Vaughan Road 5 ‘ . _______ r ,, c I ....7\_,„,, 7 y . ,. _ , ,.r ititmovw - .r. .--..�,.,.,. o AG-1 ,iii________ _69_11...... '' '---V. '' it. i -,........_ , . ...:,,,, . _,„,,,,„,.. , £ S , O R 4 , .r J (F Y i t ��*0 I sI, k Subdivision Variance to Sections 4.4(b)&(d)of the Subdivision Regulations Staff recommends Approval Planning Commission voted 10-0 to recommend Approval 14 7 3/27/2018 Kellye V. Gentry r ,,,,, , , , , 2.: ,,, „., , . . ___ _ _ Lot C.2A - 1' ..._ [C-;.1i � v "'` `'' • Proposing to relocate ARP home site from 1 existing parcel along Vaughan Road to Lot s 1 C-2A1 and develop with a single-family .tmm,,9 dwelling _ _ `_� • Subdividing 15.59-acre site into 2 parcels, ' Lots C-2A & C-2A1, both lacking access to a public street and deficient in lot width 15 8 -4- CITY MANAGER'S BRIEFINGS FY2018-19 RESOURCE MANAGEMENT PLAN PROPOSED 2018-19 RESOURCE MANAGEMENT PLAN and CAPITAL IMPROVEMENT PROGRAM(Budget) 4:26 P.M. Mayor Sessoms welcomed David Bradley, Director — Budget and Management Services. Mr. Bradley expressed his appreciation to the City Council for their continued support and distributed a copy of today's briefing which is attached and made a part of this record. Mayor Sessoms thanked Mr. Bradley for the informative presentation. March 27, 2018 City of Virginia Beach FY 2018 - 19 P City Manager' s Budget David A. Bradley Director of Budget and Management Services March 27. 2°18 Additional public Body worn camera safety positions phase- in continues 11 Police - Support for multiple 4 Sheriff departments to 3 Commonwealth's Attorney accommodate increased 2.5 Fire workload 1 EMS Police radio encryption 1 Emergency Management project Economic Development Major projects in the Entertainment District • Sports Center expansion • Dome site streetscapes • Dome site music venue • Public pier development • Central Beach and Convention Parking Continued investments in biomedical and cyber security Oty Invests in Education Implementation of full-day Kindergarten continues 12 more schools in FY 2018-19 28 additional teaching positions • Spread across elementary (8.6), middle (4.4), and high (15) 25 additional staff positions • 12 high school counselors • 13 technology positions Infrastructure Enhancements Continued investment in storm water Reallocation of ARP $276M in School CIP funding over 6 years $302M in Roadvays CIP funding over 6 years Investment in Employees City schools • 2% merit increase for full-time based • 1 .5% cost of living increase on mid-point of pay range • 0.5% STEP increase 2% lump sum for those at the end of the pay range • 2% general increase for part-time Changes in leave Health insurance • Birthday leave replaced with flexible • 1 % increase in employer and holiday employee health insurance Christmas Eve an official holiday premiums FY 2018-19 Operating Budget Total Estimated Appropriations $2, 016, 895,381 City General Fund Debt 2.7% City Capital Projects Public Safety 3.8% 12..2% i Ili Education Planning. Public 1,-Vorks. Public Utilities 45 . 3 % 15.7Uo Convention Ft Visitor, Economic Development 1.9% Parks Et Rec, Libraries, Museums, Cultural Affairs 4.5% Human Services, Health, Housing 8% General Government 8.2% Operating Budget by Appropriation Category FY 2017-18 Total FY 2018-19 Total City& Schools City & Schools % Adjusted Budget Budget Change $ Change Personnel 895,909,202 912,522,476 1.9% 16,613,274 Fringe Benefits 320,898,737 329,590,617 2.7% 8,691,880 Operating Expenses 466,607,291 475,417,682 1 .9% 8,810,391 Capital Outlay I Leases 27,881,494 30,347,587 8.8% 2,466,093 Debt Service 166,787,207 162,562,043 -2.5% (4,225,164) Pay-As-You-Go 68,951,409 75,967,376 10.2% 7,015,967 Reserves 22,642,561 30,487,600 34.6% 7,845,039 Total 1,969,677,901 2,016,895,381 2.4% 47,217,480 Note: The City's Personnel does not include funding for proposed salary increases. This funding is included in a Reserve account. The Schools proposed salary increase in included in Personnel. Operating Budget in Constant Dollars $2.017B 2 v, 1 .9 0 °i 1.8 $1.76B $1J138 1.7 1.6 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Fiscal Year • Budget � Inflation Adjusted (Constant Dollars) FY2018 - 19 Total Estimated Revenues Other Revenue 7% Utility Fees 8% Waste Collection Fee 2% Fund Balance State Revenue Federal Revenue $495,222,921 24% otel, Amusement, and Cigarette 3% Restaurant Tax 44114x F Real Estate 4% Business Licenses $583 , i58 , O59 2°Yo Utility Taxes 0/O 2% )8 General Sales 3% Personal Property $161,598,379 8% 00 Revenues Adjusted FY 2017-18 Proposed FY 2018-19 Total Revenues Total Revenues %Change Real Estate 566,300,896 583,358,059 3.01% Personal Property 155,933,379 161,598,379 3.63% Consumer Revenues 284,482,628 292,491,685 2.82% Permits, Fees, and Charges for Service 334,171,439 348,321,415 4.23% Fund Balance 19,905,909 15,745,646 -20.90% State Revenue 492,806,338 495,222,921 0.49% Federal Revenue 116,077,312 120,157,276 3.51% Total Operating Budget 1,969,677,901 2,016,895,381 2.40% Major Tax and Fee Changes in FY 2018 - 19 Cigarette Tax 75 cents .... 85( Vehicle License Decal $30 $32 Storm Water 45.8 cents per day -- 48.3t Waste Management $23 per month $24 Personal Property $4.00 - $4.10 xi T Y s 1 cent Increase to Personal Property • 10 police officers • Phase-in of body worn cameras • Increased funding for Fire apparatus and equipment • Investment in Sheriff's Office medical program • Various technology enhancements Average Household Impact Impact of local taxes and fees based on median home price ($242,300) and car values (2 x $8,200) as well as average utility taxes and fees 2018 2019 $4,298 $4,390 Increase of $7.67 per month or 2.1 % annually Relative Measures of Tax Burden Per Capita Expenditures as a % of Per Capita Income Virginia Beach 6.32% Chesapeake 7.21% Hampton 9.36% Newport News 9.39% Norfolk 8.84% Portsmouth 9.44% Suffolk 7.39% „„„ Total FY 19 -24 CIP by Category including Appropriations to Date Resiliency $295,543,524 (9%) Sustainment, New Facility Maintenance, Construction / Rehabilitation. Replacement Expansion $1,647,295,821 (51%) $1,104,056,604 Equipment $39,638,235 (1%) Site Acquisition 514,665,896 (1%) Technology $132,216,213 (4%) CI P Projects by Category Appropriations Year 1 Years 2-6 Project Type to Date FY 19 FY 20-24 Schools $ 102,294,000 $ 47,461,000 5 228,935,000 Roadways 506,738,326 59,742,704 242,457,924 Buildings 119,472,238 80.675,157 112,347,820 Parks and Recreation 63,864,166 9,538,033 45,909,657 Utilities 245,963,539 32,740,000 197,530,000 Storm Water 191,415,358 49,574,011 248,591,867 Coastal 66,244,970 32,675,000 70,698,933 Economic and Tourism Development 135,858,973 89,714.831 123,873,587 information Technology 46,204,756 34,520,028 82,374,355 Total CIP $ 1,484,056,326 Anni 396,640,824 grik 1,35 143 . 9 cent real estate dedication 15 cent ARP • Biomedical and cyber security initiatives • Lynnhaven corridor � .-''''' improvements • Planning gets new staff �� for enhanced service • New ERP system to maintain City' s financial strength • New scheduling and timekeeping system • IT adding FTEs while saving money • Going to bid on $ 194M in roadway projects • 3 bridge replacements • Pungo Ferry, Laskin Road , Sandbridge Road • 18 roadway projects • Centerville Turnpike Phase II • Elbow Road Extended Phase Il - B • Princess Anne Road Phase VII • Laskin Road Phase I -A • Initial dredging of the following neighborhood projects: • Bayville Creek • Old Donation • Shadowlawn • Harbor Point • Neighborhood storm water projects continue • Ashville Park • Princess Anne Plaza • Windsor Woods • Sherwood Lakes • Major Oceanfront projects : • Sports Center • Dome Site Music Venue • Central Beach and Convention Parking • Public pier • New and renovated Aquarium facilities i it x y 4� 4 • Implementation of body worn cameras continues "4 • Additional Police officers, ,A q EMS safetyposition, Fire, ,,, Sheriff deputies for medical ASa ,. program ,.. } :. , �°,, Police radio encryption a , 6 project s 4 :41. c • Fort Story Engine Company k • Housing Resource Center opens • Cultural Affairs strives for diversity in the arts • Dental program serves low- income youth • Ten new Human Services positions • Expand summer youth program s Full-day Kindergarten expansion continues 12 more schools in FY 2018-19 • 28 teaching positions to reduce class sizes a 13 technology positions to continue technology initiative • 12 new high school counselors • Technology investments to improve services and citizen access • Case management software • Online library card registration • Publicinput . com • FOIA software • Accela legislative platform • Funding for Customer Relationship Management platform • Additional $75M for storm water projects • City Hall replacement • Additional facility management staffing • Sand replenishment on three beaches • Chesapeake, Croatan , Cape Henry Schedule of Workshops and Public Hearings March Budget Presentation to April Public Hearing 27 Council 25 April Council Workshop May Council Workshop 3 1 Public Hearing April Council Workshop May Reconciliation Workshop May Council Votes on Budget April Council Workshop 17 15 April Council Workshop 24 -5- CITY MANAGER'S BRIEFINGS WASTE MANAGEMENT ENTERPRISE FUND 5:14P.M. Mayor Sessoms welcomed Mark Johnson, Interim Director — Public Works. Mr. expressed his appreciation to the City Council for their continued support and distributed a copy of today's briefing which is attached and made a part of this record. Mayor Sessoms thanked Mr. Johnson for the informative presentation. March 27, 2018 3/27/2018 City Council `oil). FundingUpdate 44.,p Public Works Waste Management Enterprise Fund Mark A. Johnson, P.E.-Interim Director of Public Works March 27, 2018 u„ 4-,k fr 1 1 Agenda •Overview •Efficiencies to Control Cost ■FY19 Remaining Issues and Needs ■Summary ■Discussion P -le 2 7 1 3/27/2018 waste Management Services FY18 Budget-$40,511,307 „ • 157 FTE's for the division - . �,Automated trash collection • Over 30,000 households serviced per collection day; 123,000 households per Om week • 136,000 tons of MSW per year or 1.10 tons per household • 6.43 million automated black container stops per year Bulky item pickup r. _`= • 8,000 tons per year _ °�wok l • 80 work orders per truck Curbside yard debris `�. • 44,000 tons collected per year • Seasonal variation from 50 to 400 tons per day • 18 trucks on average per day; ranges from 12 to 24 depending on the season 125 FTE's for trash collection 3 Waste Management Services Recycling collection kw .__ V. '• 33,000 tons per year ,, t ik • Four drop-off sites or ` -# . Communications & Outreach . 0 - • KAB and VBCCC City's Facebook Page rM14• Twitter � 41� KEEP VIRGINIA BEACH c.� )r BEAUTIFUL Customer Service Call Center "• Inc" • 129,567 Phone inquiries `., • 61,598 E-mail inquiries w 4 2 3/27/2018 Virginia Beach Landfill & Resource Recovery Center andfill operation and Household Hazardous Waste (HHW) • 15FTE's • 168,000 visitors year; 20,000 tons • 6,622 HHW visits • Mulch operation — 10,000 cy of woody debris • Metal recycling — 1,322 tons; Realized revenue $107,049 • Landfill Gas facility realized revenue-$ 64,980 • Electronics recycling — 47 tons 10• Other recycling services — cooking oil, batteries, tires, dirt, oyster shells, pallets, concrete 4 Community Assistance id:— 'N . -. 1 . ~ 1 �. Q. , 1 0- .4 a ,'� Maw L.. d'. _.. ,.. 6 3 3/27/2018 Efficiencies to Control Cost •Automation-Route Optimization • $1.1 M/year cost reduction • $2.75M reduction in equipment inventory • Reduced routes from 38 to 29 and 11 .5 FTEs •Bulk Item collections • Switching from 2 to 1 operator per truck • Reduced 6 FTE's in FY 17 •Yard Debris collections • Yard Debris routing and on-demand service • Yard Debris processing contract • Increased collection efficiency by converting 3 FTE Itpositions in FY17 to contract support for peak seasons •Grand total of 29.5 FTEs reduced since 2009 • Implementation of Drive-Cam—Reduction in property damage liability claims and improved safety 7 Service Comparison with Other Municipalities Service Provided ye.Beach Suffolk Richmond .. Portsmouth Alezandrie Trash Collection(95 gal weekly) 1 t/- ✓ 1 ✓ Yard Debris(weekly) ` +f 0/ �/ ✓ 1 Y 1,Recycling(95 gal every other weekly I. 1 A y 1 1 1y Bulky Item(No additional Fee) X 1 ✓ 1' io( X le" Yard Debre Container Rental i r r I X X X X X Recycling Drop-off Centers . `1 / X X '✓ Y / / Landfill/Convenience Center 11111179111 J K/ X �•s(/ X ./ Y/ Household Hazardous Waste , I�� .Y '✓ • • '✓ Electronics Recycling . " vI A ii X air' ilt 77Oh V i Metals Recycling IlLid4111111•Mill6A111161 1.111111.1111 Cooking ro j MEE SC X - Yard Debra Drop-off 'Mulch Processing MO and.. XSr _-_- 4 4 3/27/2018 Fee Comparison with Other Municipalities SAIf -1.ID15 I sao slim sun snm ssa 9 9 FY19 Remaining Issues and Needs FY18 FY19 •Sustain current Revenue services-Landfill WM Fee $33,672,000 $33,948,000 • No General Fund General Fund $5,712,041 $0 support Support Other Revenue $1,127,266 $1,247,652 • Equipment Total Revenue $40,511,330 $35,195,675 Replacement Expenses Salary&Benefits $9,748,483 $9,993,597 SPSA $13,513,500 $9,360,000 Operating $12,055,050 $12,372,343 (including TFC) Capital Outlay $2,205,568 $1,500,000 Transfers $2,988,729 $2,986,789 Total Expenses $40,511,330 $36,212,729 Difference $-1,017,054 io 10 5 3/27/2018 Proposed Fee Increase $1 =$1.476 million in revenue • Covers current services (Landfill) that in FY18 were covered by General Fund support • Partially funds equipment replacement in FY19 • Eliminates General Fund support • However, $1 increase is not a long term solution 0 11 ' 11 • FUNDING SOURCES smiii....0110 S35emom .... 5g004000 5.15,424.400 g3 533b>t00D 5.0.44110 124..4 SA4C44 3 5$0:4410 E: j: IDa U RC 2le Risepee s1040 SI4.m MI6 53315 3L3[ 5900 S1i0D MCC Budget included in Gi $$4L455A01 $e2913922 $42,357,309 $4$525A03 $44.893.efl5 $30511330 53471L779 J 6 3/27/2018 Five Year Forecast with No Fee Increase FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Salaries&Benefits $ 9,993,597 $10,193,469 $10,397,338 $10,605,285 $10,817,391 $11,033,739 SPSA Disposal $ 9,360,000 $ 9,385,000 $ 9.410,000 $ 9,435,000 $ 9,460,000 $ 9,485,000 Tidewater Fibre(TFC)Recycling Services $ 4,207,720 $ 4,291,874 $ 4,377,712 $ 4,465,266 $ 4,554,571 $ 4,645,663 Other Operating Expenses $ 8,164,623 $ 8,327,915 $ 8,494,474 $ 8,664,363 $ 8,837,651 $ 9,014,404 Capital Outlay $ 1,500,000 $ 1,530,000 $ 1,560,600 $ 1,591,812 $ 1,623,648 $ 1,656,121 W&S Billing $ 766,010 $ 781,330 $ 796,957 $ 812,896 $ 829,154 $ 845,737 Debt Service(Landfill) $ 245,158 $ 245,158 $ 237,831 $ 230,504 $ 223,176 $ 215,849 Indirect Costs(Maximus Report $ 1,975,621 $ 2,015,133 $ 2,055,436 $ 2.096 545 $ 2,138,476 $ 2,181,245 Total Expenses $36,212,729 $36,769,881 $37,330,348 $37,901,671 $38,484,067 $39,077,757 Proposed Rate Increase $ - $ - $ - $ - $ - $ - Monthly Rate $ 23.00 $ 23.00 $ 23.00 $ 23.00 $ 23,00 $ 23,00 Waste Management Fee $33.948,000 $33,948,000 $33,948,000 $33,948,000 $33,948,000 $33,948.000 • Transfer to.the General Fund $ - $ - $ - $ - $ - $ - Other Revenue $ 1,247,652 $ 1,241,816 $ 1,256,262 $ 1,270,997 $ 1,286,028 $ 1,292,343 Total Revenue $35,195,675 $35,189,839 $35,204,285 $35,219,020 $35,234,051 $35,240,366 Rev Over/(Under) $(1,017.054) ($2,804042) ($3,374,543) ($3,956,100) ($4.548,935) ($5.162,288) Required 25%Fund Balance $9,053,182 $9,192.470 $9,332,587 $9,475,418 $9,621,017 $9,769,439 Undesignated Fund Balance $1,028,336 ($551,706) ($2,677,769) ($5,360,420) ($8,610,436)($12,447,826) Fund Balance/Current Yr.Exp as% 3% -2% -7% -14% -22% -32% 13 13 Five Year Forecast with Proposed Fee Increase and Reduced Equipment Funding FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Salaries B Benefits $ 9,993,597 $10,193,469 $10,397,338 $10,605,285 $10,817,391 $11,033,739 SPSA Disposal $ 9,360,000 $ 9,385,000 $ 9,410,000 $ 9,435,000 $ 9,460,000 $ 9,485,000 Tidewater Fibre(TFC)Recycling Services $ 4,207,720 $ 4,291,874 $ 4,377,712 $ 4,465,266 $ 4,554,571 $ 4,645,663 Other Operating Expenses $ 8,164,623 $ 8,327,915 $ 8494474 $ 8,664.363 $ 8.837,651 $ 9.014.404 Capital Outlay $ 1,500,000 $ 1,530,000 $ 1,560,600 $ 1591,812 $ 1,623,648 $ 1,656,121 W&S Billing $ 766.010 $ 781,330 $ 796,957 $ 812,896 $ 829,154 $ 845,737 Debt Service(Landfill) $ 245,158 $ 245,158 $ 237,831 $ 230,504 $ 223,176 $ 215,849 Indirect Costs(Maximus Report) $ 1,975.621 $ 2,015,133 $ 2,055.436 $ 2.096,545 $ 2,138,476 $ 2,181,245 Total Expenses $36,212,729 $36,769,881 $37,330,348 $37,901,671 $38,484,067 $39,077,757 Proposed Rate Increase $ 1.00 $ - $ - $ - $ - $ - Monthly Rate $ 24.00 $ 24.00 $ 24.00 $ 24.00 $ 24,00 $ 24.00 Waste Management Fee $35,424,000 $35,424,000 $35,424,000 $35,424,000 $35,424,000 $35,424,000 Transfer to.the General Fund $ - $ - $ - $ - $ - $Other Revenue $ 1,247,652 $ 1,241,816 $ 1,256,262 $ 1,270.997 $ 1,286.028 $ 1,292,343 Total Revenue 36,671,676 ••36,665,840 $36,680.286 •36,695,021 $36,710.052 $36,716,367 Rev Over/(Under) $458,947 .ns 650) ($1, ,90) Required 25%Fund Balance $9,053,182 $9,192,470 $9,332,587 $9,475,418 $9,621,017 $9,769,439 Undesignated Fund Balance $2,504,337 $2,400,296 $1,750,234 $543,584 ($1,230,431) ($3,591,820) Fund Balance/Current Yr.Exp as% 7% 7% 5% 1% -3% -9% 14 14 7 3/27/2018 Optimal Equipment and Funding FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 • Salaries&Benefits $ 9,993,597 $10,193,469 $10,397,338 $10,605,285 $10,817,391 $11,033,739 SPSA Disposal $ 9,360,000 $ 9,385,000 $ 9,410,000 $ 9,435,000 $ 9,460,000 $ 9,485,000 Tidewater Fibre(TFC)Recycling Services $ 4,207,720 $ 4,291,874 $ 4,377,712 $ 4,465,266 $ 4,554,571 $ 4,645,663 Other Operating Expenses $ 8,164,623 $ 8,327,915 $ 8,494,474 $ 8,664,363 $ 8,837,651 $ 9,014,404 Capital Outlay $ 2,700,000 $ 2,754,000 $ 2,809,080 $ 2,865,262 $ 2,922,567 $ 2,981,018 W&S Billing $ 766,010 $ 781,330 $ 796,957 $ 812,896 $ 829,154 $ 845,737 Debt Service(Landfill) $ 245,158 $ 245,158 $ 237,831 $ 230,504 $ 223,176 $ 215,849 Indirect Costs(Maximus Report) $ 1,975,621 $ 2,015,133 $ 2,055,436 $ 2,096,545 $ 2,138,476 $ 2,181,245 Total Expenses $37,412,729 $37,993,881 $38,578,828 $39,175,120 $39,782,985 $40,402,654 Proposed Rate Increase $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 Monthly Rate $ 24.00 $ 25.00 $ 26.00 $ 27.00 $ 28.00 $ 29.00 Waste Management Fee $35,424,000 $36,900,000 $38,376,000 $39,852,000 $41,328,000 $42,804,000 Transfer to.the General Fund $ - $ - $ - $ - $ - $ - Other Resenue $ 1,247,652 $ 1,241,816 $ 1,256,262 $ 1,270,997 $ 1,286,028 $ 1,292,343 Total Rerenue $36,671,676 $38,141,841 $39,632,288 $41,123,024 $42,614,056 $44,096,372 ;I Rev Oyer/(Under) ($741053) $147,960 $1,053,460 $1,947,904 $2,831,070 $3,693,718 Required 25%Fund Balance $9,353,182 $9,498,470 $9,644,707 $9,793,780 $9,945,746 $10,100,663 Undesignated Fund Balance $1,304,337 $1,452,297 $2,505,757 $4,453,661 $7,284,731 $10,978,449 Fund Balance/Current Yr.Exp as% 3% 4% 6% 11% 18% 27% 15 w f summary • Fee increase will fund current level of service (including landfill) • Fee increase will fund reduced equipment replacement program for FY19; but will increase the replacement cycle •Additional fee increases will be needed in future years in order to sustain the Waste Management Program 2/1„:._.- Future revenue requirements are dependent on SPSA budgets 16 8 3/27/2018 di 17 17 ■ Current E• ui . ment-Collections Automated 2 1 3 Single Axle Automated 29 11 40 Tandem Rear Loader 2 1 3 Single Axle Rear Loader 16 6 22 Tandem Boom 7 5 12 Pull 4 1 5 Pup 2 1 3 Box 1 0 1 Total 63 26 89 18 18 9 3/27/2018 Current Equipment-Landfill Equipment Type Total Dozers/Loaders 7 Compactors/Excavators/ 3 Grinders Heavy Duty Trucks 5 Maintenance Trucks 5 Tractors 11 Landfill Pumps 5 i Pick-Ups 3 Total 39 Ai 19 19 Equipment Replacement Schedule Funding of $1 .5 million tali= Budget IF ,Waste Colle << ndfiU.,-- FY18 $1.5 million 5-Automated vehicles No equipment replaced FY19 $1.6 million 4-Tandems,2-Rear Loaders, No equipment 1-Grapple Truck replaced FY20 $1.6 million 3-Autmoation vehicles; 1-Rear 1-Wheel Loader Loader FY21 $1.5 million 3-Automation vehicles, 1-Rear 1-Water Truck, Loader 1-Service Truck,-1-Pump - µ 20 2 P 10 3/27/2018 SPSAAsh and Residue Impact Cost Per Net SPSA VP Castor landfill Total Cost of General Fund proposed Fiscal Year Waste Ton Disposal Cost Operation Disposal j Support Management FY 13v — — : . Ei FY 14 I FY15 [,�,,.r,I�Illr,l/_."—_ Duly 1.0eF 31,2O15 ii FT 16 ' S6S� S 12,663,61 5 1,140,1E 5 14,00 _i r S 5,166,554 Jan 1June47016.- 5125; FY 17__ _ _ Slr1S_S_IMS.9. S.. 7;009,755,.S .18 899..5_S 72067 _ UoM 1.Ian 74,2018 i -_-_ - FY18 S77S; 5 13,513,51%1 5 1,914,16� 5 15427,6671 5 5,717,0411 5 797,567t 1an 2S June 30, . i I 1 20181 S65• I i FYI?" $1.5 5 90fi 01, < )1e;,4r4 S 17 5,',i,4f.G 5 7.149 464 21 Landfill Life/Capacity • Phase I —current active cell • Can be used through December 31,2020 • CIP 3-047 funds capping costs • Phase 2A • Built capacity of 960,000 CY ready for use • 22 years of capacity based on current fill rate • Capping will be required once filled • Phase 4 • Permitted capacity of 2,415,600 CY • Not built and not funded 22 22 11 3/27/2018 SPSA (continued) • SPSA 2.0 Use and Support Agreement(cont.) ■ Current proposal is$20/resident visit—charged to the member community • Projected cost if enacted could be as much as$450,000/year @ $20/visit(not funded) ■ Provides for charges for residential visits to SPSA facilities • Tentatively scheduled to begin July 1,2018 23 23 12 -6- CITY MANAGER'S BRIEFINGS LONG TERM DEBT- Update 5:38 P.M. Mayor Sessoms welcomed Patti Phillips, Director—Finance. Ms. Phillips. expressed his appreciation to the City Council for their continued support and distributed a copy of today's briefing which is attached and made a part of this record. Mayor Sessoms thanked Ms. Phillips for the informative presentation. March 27, 2018 3/27/2018 City of Virginia Beach Debt Management City Council Briefing March 27, 2018 0 Today's Agenda Status of Outstanding Debt Rating Agencies Comparisons Policy Indicators — FY 2019 Proposed CIP Pension Costs & Other Liabilities 1 1 3/27/2018 Categories of Virginia Beach Bonds Tax Supported Debt • General Obligation Bonds-full faith and credit-highest rating • Charter bonds-$10M+retired principal($62.2M Calendar 2018)max authorized each year • Referendum Bonds ✓ State Literary Fund • Appropriation Backed Debt-subject to annual appropriation(not full faith and credit)&usually rated lower(1-to-2 notches)than G.O Bonds ✓ Lease-Purchase Agreements ✓ Public Facility Revenue Bonds(PFRBs) Fee & Self Supported Debt • Agricultural Reserve Program • Enterprise Revenue Bonds-self supporting(not full faith and credit) ✓ Water and Sewer ✓ Storm Water Bonds 2 Summary of Outstanding Indebtedness Fiscal Year Ended June 30 Amount(in millions) Description Source FY18 FY17 FY16 FY15 Tax Supported General Obligation Bonds Schools Full Faith&Credit $263.8 $270.1 $300.1 $292.3 General Government Full Faith&Credit 336.1 325.5 355.1 363.0 Public Facility Revenue Bonds Annual Appropriation 332.2* 331.4 340.4 368.7 Agriculture Reserve Program Full Faith/Strips 46.1 46.1 42.4 41.8 Fee Supported Revenue Bonds Water&Sewer Fees&Charges 202.2 211.1 218.9 192.9 Storm Water Fees&Charges 41.8 43.5 45.2 46.9 Total Debt $1,222.2 $1,227.7 $1,302.1 $1,305.6 Less:Revenue Bonds&ARP Self-su...rtin fees 290.1 300.7 306.5 281.6 Net Tax Supported Debt** $932.1 $927.0 $995.6 51,024.0 Authorized but Unissued Tax Supported Debt $297.5** $398.5 $274.6 $174.8 * Includes$33.4 million in Series 2018A Public Facility Revenue Bonds to be issued March 28,2018. **Used in Debt Guidelines calculations. 3 2 3/27/2018 Net Outstanding Tax Supported Debt- FY18 Public Facility General Revenue Bonds Obligation Bonds (PFRB)(in Project Category (GO)(in millions) millions) Total %of Total Building&Assets $90.41 $18.50 $108.91 11.68% Coastal 3.98 0.0 3.98 0.43% Economic&Tourism Dev. 9.54 124.49 134.03 14.38% Information Technology 5.13 13.92 19.05 2.04% Parks& Recreation 31.44 44.99 76.43 8.20% Roadways 195.60 32.92 228.52 24.52% Schools 263.86 41.96 305.82 32.81% Town Center 0.0 55.37 55.37 5.94% Total $599.96 $332.15 $932.11 100.00% 4 Debt Service (in millions) FY18 Actual Principal & Interest by Fund CBD Water General South Open & Storm Debt Type Fund Schools • TIP TIF ARP Space Parking Sewer Wate GO $37.8 $39.2 $0.3 $3.7 $0.6 PFRB 11.9 2.9 3.5 18.4 7.8 1.9 0.6 ARP 2.4 Revenue 17.9 3.4 Total $49.7 $42.1 $3.8 $22.1 $7.8n? $2.5 $0.6 $17.9M1 Total Debt Service FY 2018:$152.3 million Debt Type: Fund: GO=General Obligation Bonds ARP=Agricultural Reserve Program PFRB=Public Facility Revenue Bonds CBD=Central Business District ARP=Agricultural Reserve Program Treasury Strips P&R =Parks&Recreation TIP=Tourism Investment Program 5 3 3/27/2018 Debt Service (in millions) FY18 Actual Principal & Interest by Fund Water&Sewer $17.9 Storm Water $3.4 2% 12% Parking $0.6 0% General Fund $49.7 Open Space $2.5 2% 33/ ARP $2.4 2% �� `, COB South TIF ' $7.8 5% TIP $22.1 14% 111111 Parks&Recreation $3.8 2% Schools $42.1 28% Total Debt Service FY 2018: $152.3 million 6 Summary of Bond Activity Fiscal Year 2018 Amount Total Interest (in millions) Cost New Bonds Issued(Series $101.0 2018A): General Obligation(GO) $ 67.6 2.886% Public Facility Revenue $ 33.4 2.909% GO Bonds Refinanced $ 71.5 2.301% (Refunded) Refunding Savings $8.3 M over 15 years Bonds Retired $99.6 M GO,PFRB, Water& Sewer, & Storm Water 7 4 3/27/2018 Rating Agency Comments • Strong economy • Strong financial policies and practices • Conservative management approach • Extremely strong capacity to control expenditures and meet financial commitments; strong budget flexibility • Very strong liquidity • Favorable interest rates whenever the City borrows 8 Virginia Beach Ratings Water & Storm Rating Agency GO PFRB Sewer Water Standard & Poor's AAA AA+ AAA NA Moody's Aaa Aa1 Aa1 Aa2 Fitch AAA AA+ AAA AAA • General Obligation Bonds(GO)rated triple-A with stable outlook nine consecutive years by all three major ratings agencies: Fitch AAA, Moody's Aaa,and Standard& Poor's AAA • Public Facility Revenue Bonds(PFRB): Fitch AA+, Moody's Aa+,and Standard&Poor's AA+(l-to-2 notches below GO debt due to risk of non-appropriations)with stable outlook 9 5 3/27/2018 Fitch's 2018 Credit Rating Acknowledges City's Measures to Address Recurrent Flooding & Sea Level Rise "The city is undertaking a comprehensive study on the impact of sea level rise (SLR) and has dedicated approximately $360 million in the current CIP for improving flood control and protection via various storm water improvements, dredging and beach restoration. The cost of the SLR program may be substantial, but it will likely be financed and developed over an extensive period, allowing the city the ability to balance this investment against other general governmental needs and its available economic resources. " 10 Summary of Debt Management Policies Debt Indicator Description Established Guidelines Annual Debt Service to General Government Expenditures No greater than 10% Overall Net Debt to Estimated Full Value No greater than 3.5% Overall Net Debt Per Capita No greater than $3,000 Overall Net Debt Per Capita to No greater than 6.5% Per Capita Personal Income 11 6 3/27/2018 History of Changes in Debt Guidelines Debt Service as a Percent of General Government Debt Per Capita Expenditures Established 1992 $1,300 12.5% 1998 $1,500 12.5% 2005 $2,400 10.0% 2012 $2,800 10.0% 2015 $3,000 10.0% 12 KEY Debt Indicators* cmFY-19 FY-20 FY-21 FY-22 FY-23 FY-24 Overall Net Debt(in billions$) 0.932 1.03 1.15 1.15 1.14 1.12 1.09 Net Debt Per Capita($) Standard:No greater than 2,051 2,264 2,507 2,506 2,468 2,406 2,330 $3,000 Overall Net Debt to Estimated Full Value of Taxable Real 1.7% 1.8% 2.0% 1.9% 1.9% 1.8% 1.7% Property Standard:No greater than 3.5% Overall Net Debt Per Capita to Per Capita Personal Income 3.8% 4.0% 4.3% 4.2% 4.1% 3.9% 3.7% Standard:No greater than 6.5% Annual Debt Service to General Government Expenditures 8.1% 8.4% 0 0 0 0 Standard:No greater than 10% 9.0% 9.5% 9.7% 9.7% 9.0% *FY-18 estimated,FY-19 through FY-24 projected 13 7 3/27/2018 Virginia Beach Historical& Projected Net Debt Per Capita Compared to Guideline $3,500 $3,000 per capita $3,000 Projected $z,soo $z,000 $1,500 $l,000 $500 So FY-10 FY-11 FY-12 FY-13 FY-14 FY-15 FY-16 FY-17 FY-18" FY FY FY 19" 20"" 21•" 22"" 23"" 24" Debt per Capita 2,256 2,271 2,244 2,162 2,256 2,258 2,195 2,034 2,051 2,264 2,507 2,506 2,468 2,406 2,330 Limit 2,400 2,400 2,800 2,800 2,800 2,800 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 * Estimated **Reflects projections from proposed FY19/FY24 Budget/CIP 14 Virginia Beach Historical& Projected Debt Service to General Government Expenditures Compared to Guideline 12.0% 0 r Projected 0 1o.o% W• 8.0% E ii 6.0% l7 t� 4.0% 2.0% o.o% WHWJJW1 FY- FY- - FV- FY- "" 23"" 24" r Debt Service to General Gov 8.5% 8.4% 8.4% 8.2% 8.7% 8.6% 8.2% 8.1% 8.4% 9.0% 9.5% 9.7% 9.7% 9.0% Expenditures =-Limit 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% * Estimated **Reflects projections from proposed FY19/FY24 Budget/CIP 15 8 3/27/2018 Total Direct Debt Per Capita* Hampton Roads Cities 8,000 000 6,832 7,6.000 5,598 5,742 5,000 4,000 2,724 2,824 3,000 2,470 2,596 2,000 1,000 Hampton Virginia Beach Chesapeake Newport News Norfolk Portsmouth Suffolk (Aa1/AA+/AA+) (Aaa/AAA/AAA) (Aal/AAA/AAA) IAa1/AA+/-1 (Aa2/AA+/AA+) (Aa2/AA/AA) lAa1/AAA/AAA) •All tax-supported debt,including GO bonds,appropriation obligations,and special-tax bonds such as sales,personal income,and gas tax bonds, as well as enterprise and revenue supported debt. Source: 5&P--CREDITSTATS DIRECT:Most recent available data 12016/20171 16 Total Direct Debt Per Capita* Selected Triple-Triple A Cities** 5000 8,128 8,003 7,374 7,000 6,003 5 4,786 ,000 4,997 4,000 3,328 3,498 3,ODD 2,596 2,200 2,000 1,798 1,313 1,000 Durham,NC Greensboro, Chandler,AZ Arginia Beach,Winston-Salem, Raleigh,NC Scottsdale,AZ Charlotte,NC Seattle,WA Denver City& NC VA NC Co.,CO •All tax-supported debt,including GO bonds,appropriation obligations,and special-tax bonds such as sales, personal income,and gas tax bonds,as well as enterprise and revenue supported debt. ••Population approximately 250,000 to 850,000 Source: S&P--CREDITSTATS DIRECT;Most recent available data(2016/2017) 17 9 3/27/2018 Summary of Proposed FY 2018-19 6-Year CIP* (in millions) apital Projects 6-Year Amount %of Program Buildings and Assets $ 193.0 11.0% Coastal 83.4 4.8% Economic and Tourism Development 213.6 12.2% Information Technology 96.9 5.5% Parks and Recreation 55.4 3.2% Roadways 302.2 17.3% Schools 276.4 15.8% Sewer Utility 151.7 8.7% Storm Water 298.2 17.0% Water Utility 78.6 4.5% Total Capital Projects $ 1,749.4 100.0' * Excludes prior-years'appropriations supporting the CIP totaling$1.48 billion. 18 Summary of Proposed FY 2018-19 6-Year CIP* (in millions) Water Utility Buildings and Assets $78.55 4% $193.02 11% Stores Water Coastal$83.37 5% $298.17 17% Economic and Tourism Development Sewer Utility -- $213.59 12% $151.72 9% Information Technology $96.89 6% Parks and Recreation Schools$276.40 $55.45 3% 10% Roadways$302.20 17% Total FY 2018-19 6-Year CIP: $1,749.4 billion (excludes prior years' funding of$1.48 billion) 19 10 3/27/2018 Financing Source % of Proposed FY 2018-19 6-Year CIP* General Water& Financing Source Government Sewer Storm Water Total ash/Fund Balance/ ether 38.0'•EE eneral Obligation Bonds 33.9% 0.0% 0.0% 23.6% Public Facility Revenue Bonds 23.4% 0.0% 0.0% 16.3% ►torm Water Revenue Bonds 0.0% 0.0% 62.0% 10.6% ater&Sewer Revenue Bonds 0.0% 25.2% 0.0% 3.3% Total Bond Financing 57.39/. 22 62.0%IMM Total 100.0% 100.0% 100.0% 100.0% * For Years 1-6 of the CIP(excludes prior years'appropriations). 20 Summary of Projected Outstanding Tax Supported Debt (in millions) FY-18* FY-19 FY-20 FY-21 FY-22 FY-23 FY-24 Beginning Outstanding Debt $927.04 $932.12 $1,033.49$1,149.77 $1,154.59 $1,142.56 $1,119.22 Less Debt Retired 88.99 92.44 102.36 107.88 111.61 111.69 110.29 Less Debt Refunded 78.46 Add Refunding 71.53 Add Proposed New Debt 101.00 193.82 218.64 112.71 99.57 87.78 79.95 nding Outstanding Debt $932.12 $1,033.49 $1,149.77$1,154.59$1,142.56$1,118.65 $1,088.3 Population 454,448 456,538 460,748 462,868 464,997 467,136 469,285 Debt per Capita 2,051 2,264 2,507 2,506 2,468 2,406 2,330 *FY 18 estimate per Department of Finance as of June 30,2018.FY 19/FY24 based on Proposed FY19/FY24 CIP. 21 11 3/27/2018 (2018 Not Available) Pension Costs and Other Liabilities 2017 Annual Employer June 30, 2017 Pension Costs (millions): Liability (millions, % funded): City $43.9 City $411.1 78% Schools 60.7 Schools 740.8 70% Total* $104.6 Total 1$1,151.91 *50%of payments go to unfunded liability Retiree health care liability: estimated at $68 million for City and Schools, 50%funded (retiree payments made from operations $11.7 M; ARC is $9.8 M) Pooled benefits liability: estimated at $165 million for LODA (Line of Duty Act), teachers' health insurance credit, group life insurance, VLDP (Virginia Local Disability Plan) 22 In Summary Conservative financial management key to Triple-A Flexibility in reacting to challenges, emergencies and changing priorities Quality of reporting and budgeting Meeting obligations PRAG: Divergence from City's debt management policies could impact credit rating Annually review status of debt indicators based on actual results for population, general government expenditures, and debt service costs to re-estimate future projections for debt indicators Conservative approach to estimating debt indicators creates some capacity, but not overstate future capacity 23 12 -7- CITY MANAGER'S BRIEFINGS INTERIM FINANCIAL STATEMENT Due to time constraints, this presentation will be rescheduled March 27, 2018 -8- ADJOURNMENT Mayor William D. Sessoms, Jr., DECLARED the City Council Meeting ADJOURNED at 5:59 P.M. Amanda Finley-Barnes, MMC City Clerk March 27, 2018