City of Corpus Christi Investment Committee Quarterly Investment Committee Meeting
The committee agenda items included reviewing and approving the Quarterly Investment Report for the period ending December 31, 2020, and receiving a market update.
Assistant City Manager at City of Corpus Christi.
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The committee agenda items included reviewing and approving the Quarterly Investment Report for the period ending December 31, 2020, and receiving a market update.
The meeting provided updates on several operational and regulatory topics. Key discussions included an overview of Right-of-Way (ROW) permitting policies, management procedures, and proposed updates to street cut restoration requirements. Presentations covered meter set request processes for gas utility services, legislative updates concerning land development and government codes, and the status of available combined trust funds. Additionally, the committee reviewed building division performance metrics, vacancy rates, and the implementation of 2021 International Codes.
The meeting focused on providing an update regarding the final design of the Michael J. Ellis Island Seawall. Key topics included the structural improvements, the addition of accessibility features such as ADA-compliant ramps, and the integration of amenities like lighting and seating. Discussions also covered historical context, funding strategies for the construction, and clarification of the project's status regarding flood control works and potential eligibility for federal disaster assistance through FEMA.
The City Council conducted a budget workshop focusing on the 15-year consent decree regarding wastewater management. Discussions included the progress of sanitary sewer overflow prevention, condition assessments of wastewater systems, and various capital improvement projects, such as lift station upgrades and pipe replacements. The council reviewed the Capacity Management Operations and Maintenance (SEOM) plan, analyzed explicit and implicit costs associated with the consent decree, and highlighted significant financial savings achieved through in-house self-performance by Corpus Christi Water crews compared to using external contractors.
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