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Parkways Authority
Finance Committee

Date/Time: 6/7/2018 -- 9:00 AM
Beckley-Raleigh County Convention Center (Main Arena Floor)
200 Armory Drive
Beckley, West Virginia 25801
Purpose: (A) Prior to dealing with the Finance Committee matters, there may be a brief reconvened session of the June 4, 2018 Workshop Meeting; (B) Approval of meeting minutes of the May 10, 2018 Finance Committee; (C) Update, discussion and/or decision(s) on: Adoption of Parkways Operating Budget for Fiscal Year 2018/2019 and reference and recommendation to the Authority after action of the Finance Committee; and (D) NEW TOLL RATE SCHEDULE: Review and discussion of and ACTION ON the proposed new toll rate schedule based on the West Virginia Turnpike 2018 Revenue Bond Study, report and recommendation of CDM Smith, Inc. (Parkways Traffic Engineers) dated April 2018 pertaining to the proposed increase in the schedule of tolls charged for travel on the West Virginia Turnpike and the applicable discount programs including but not limited to the Single Fee Discount Program including the Limited Early Enrollment Option, and possible adjustments and/or revisions, if any, to such proposed new toll rate schedule in light of public comments received by the Authority, other input and information received by the Authority during the public comment period or during its joint work session with the Board and during this meeting, and the Finance Committees deliberations during this meeting; (E) review and discussion of the Parkways report prepared by the Consulting Engineer, HNTB Corporation, as to needs of the Parkways Authority for future annual operating and maintenance costs, renewal and replacement costs, and costs of essential capital projects through FY 2050; (F) review and discussion of analyses and /or projections of cash flow, debt service on the proposed Parkways toll revenue bonds, debt service ratios and other financial projections prepared by the Authoritys financial advisor (Public Resources Advisory Group, Inc.); (G) review and discussion of and possible ACTION ON the proposed issuance of Parkway toll revenue bonds by the Authority and the potential projects to be funded in whole or in part with the proceeds from such bonds; (the agenda for this meeting will be available three days in advance by calling 304-926-1900 or at the website; items of business may be added to the agenda up to 48 hours prior to the date of meeting).
Meeting was approved : 5/30/2018 3:23:37 PM

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