Accept the Year Six Bond Oversight Committee Report on the $68 million Parks 2014 General Obligation Bond

REPORT TO COUNCIL MEMO TO: City Council FROM: Parks Bond Oversight Committee; Robin Laughlin, Capital Renovation Program Manager SUBJECT: Accept the Year Six Bond Oversight Committee Report on the $68 million 2014 Parks General Obligation Bond We are pleased to submit for your consideration and acceptance the sixth Bond Oversight Committee Report. Individual City Council members appointed members of the Committee to represent the larger Portland community in overseeing Portland Parks & Recreation’s delivery of the Bond work. To carry out this purpose, the Committee meets regularly with Parks Bureau staff to discuss and review progress on the 2014 Parks Replacement Bond work. The Oversight Committee’s Report evaluates the Parks Bureau in three categories: adherence to the language of the bond; fiscal accountability; and transparency. The full report attached to the Council packet as Exhibit A will be shared with the Parks Board and the Bond Team. This version will be available online. Printed copies will be available upon request. The Bond Oversight Committee will continue to meet through the duration of the Parks Replacement Bond and report back on an annual basis to City Council. Sincerely, Karen Loper Tracy, David Staczek, Karl Cheng, Brianna Westenskow Bond Oversight Committee Members