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4. Potential Housing Acquisition (CDA) <br />Shelly Landry - Bayle, Housing Manager, provided an overview of the potential <br />housing acquisition for low income housing to expend certain Neighborhood <br />Stabilization Program (NSP) 1, 2, and 3 funds before they expire. Barry Cottle <br />from C & C Development answered questions regarding the proposed unit <br />conversions. <br />5. Valet Parking (CDA) <br />City Manager David Cavazos introduced the concept for the valet parking six -month <br />pilot program for the Downtown area. Half of the surface parking lot at Third and <br />Bush Streets is proposed to be used as a drop- off /pick -up location with vehicles <br />stored off -site on private property. This new incentive would promote downtown <br />activities and amenities. The item will be presented to City Council at the next <br />council meeting. <br />6. Refund 2004 Water Revenue Bonds (FIN) <br />Francisco Gutierrez, Finance Executive Director, provided a presentation on the <br />2004 water revenue bonds and refunding plan. There is currently an <br />outstanding par amount of $12.8 million with bonds callable on September 1 at <br />102% par. An evaluation has been made regarding private placement versus bond <br />issuance, which would reduce the term to 10 years and produce an estimated cash <br />flow savings of $1.2 million over the term. <br />7. Refund Police Admin & Jail (FIN) <br />Francisco Gutierrez provided a presentation and timeline on the Series 1994A <br />Police Administration and Holding Facility lease revenue bonds. The original <br />par amount was $107.4 million dollars, of which $67.1 million is currently <br />outstanding with final maturity in 2024. Private placement refunding would legally <br />defease the bonds, lowering issuance costs and provide a savings over term of <br />$1.5 million. This is considered a restructuring opportunity, not an economic <br />defeasance. <br />8. Laserfiche Document Management (FIN) <br />Francisco Gutierrez, Finance Executive Director, Robert DePrat, Applications /Tech <br />Support Manager, and Thomas Gergen, Information Services Manager, spoke <br />regarding a Laserfiche document management system upgrade. In addition to <br />February 24, 2014 1 Finance, Economic Development, & Technology Minutes <br />