Link

Social

Embed

Disable autoplay on embedded content?

Download

Download
Download Transcript

[00:00:02]

YOU'RE ALL GOOD.

YEAH. OKAY, LET'S GET THIS SHOW ON THE ROAD.

HELLO, EVERYONE. GOOD EVENING.

LET'S CALL THIS MEETING TO ORDER.

[CALL TO ORDER]

THIS IS THE REGULAR MEETING.

2020 308 OF THE COMMUNITY DEVELOPMENT ADVISORY BOARD.

ELENA, COULD WE DO THE ROLL CALL, PLEASE? MISS STEBER? PRESENT, MR. WILLIAMS. PRESENT, MISS BEARD.

PRESENT. MISS BITTER HERE.

SIR. GOOD. HERZL HERE.

MR. JOHNSON HERE.

MR. MAUREEN.

MISS WALKER. MISS, RIGHT? OR ATTORNEY PATRICIA SMITH.

THANK YOU. OKAY.

[ADOPTION OF MINUTES]

THE NEXT WILL MOVE ON TO ADOPTION OF THE MINUTES OF THE REGULAR MEETING.

2020 306 FROM JUNE 21ST.

ANY COMMENTS FROM THE BOARD OR WILL ENTERTAIN A MOTION? I WILL PRESENT A MOTION TO ADOPT THE MINUTES FOR JUNE 21ST, 2023.

A MOTION. DO WE HAVE A SECOND? I SECONDED A MOTION AND A SECOND.

ALL THOSE IN FAVOR SAY AYE? AYE. ANY OPPOSED? NO. OPPOSED. AND I VOTE I IN THAT MOTION PASSES.

SO NEXT, WE'LL MOVE TO PUBLIC COMMENTS ON NON AGENDA ITEMS. DO WE HAVE ANY PUBLIC COMMENTS THIS EVENING? I'M SEEING NONE.

SO WE WILL MOVE ON.

WE DON'T HAVE ANY OLDER UNFINISHED BUSINESS OR PRESENTATION, SO WE'RE GOING TO MOVE ON TO THE FIRST ITEM UNDER NEW BUSINESS, WHICH IS THE PALM BAY POLICE DEPARTMENT'S SUMMER YOUTH

[NEW BUSINESS]

PROGRAM PRESENTATION.

UH, THANK YOU FOR HAVING US TONIGHT FOR THIS PRESENTATION.

I'M LIEUTENANT ROBERTS WITH THE PALM BAY POLICE DEPARTMENT.

I WORK WITH THE COMMUNITY SERVICE DIVISION, WHICH BASICALLY ENTAILS OUR COMMUNITY RESOURCE UNIT, OUR YOUTH SERVICES UNIT, OUR SCHOOL RESOURCE OFFICERS, OUR TRAFFIC UNIT AND OUR COP UNIT.

TONIGHT, I'M BASICALLY JUST GOING TO KIND OF RUN THROUGH WHAT WE DID WITH THE SUMMER PROGRAMS. WE COVERED THE SUMMER CAMP, WHICH ENTAILED ABOUT A WEEK LONG EVENT, AS WELL AS THE READ AND FEED PROGRAM, WHICH TOOK PLACE UP IN THE NORTHEAST SECTION OF THE CITY UP IN THE DRISCOLL HEIGHTS AREA.

THE SUMMER PROGRAMS WERE FUNDED WITH THE INTENTION OF THE MENTORING, GUIDING AND EDUCATING OF THE UNDERPRIVILEGED YOUTH UP IN THE WELL THROUGH THE CITY AND PICKED BY OUR SCHOOL SYSTEMS. SO WITH THE SUMMER CAMP THAT WE'RE GOING TO HIGHLIGHT, THE CHILDREN THAT WERE SELECTED WERE SELECTED BY THE SCHOOL SYSTEM THEMSELVES.

WHAT WE DID WAS CONTACTED ALL OF THE ELEMENTARY SCHOOLS, TALKED TO THE GUIDANCE COUNSELORS, DETERMINE WHO WOULD FOLLOW THROUGH OR WHO WOULD FALL INTO THE HUD GRANT CRITERIA. ONCE WE THE SCHOOLS ESTABLISHED THAT WE WERE ABLE TO COME UP WITH EIGHT NAMES THAT THE SCHOOLS PROVIDED US.

SO THE CRITERIA THAT WE ACTUALLY SET FORTH IN THE MEMO TO THE SCHOOLS WERE WHAT YOU SEE ON THE SLIDES HERE.

THE BIGGEST THING THAT WE WANTED TO KIND OF KEY ON WAS OBVIOUSLY MEETING THE HUD REQUIREMENTS AS FAR AS THE INCOME LEVELS AND THEN EXPERIENCING SOME TYPE OF HARDSHIP THROUGH THE YEAR WITH THEIR FAMILIES, WHETHER IT WAS A DEATH IN THE FAMILY, ANY KIND OF CANCER DIAGNOSIS INSIDE THE FAMILY OR ANYTHING ELSE THAT WOULD HAVE, YOU KNOW, NEGATIVELY AFFECTED THE FAMILY SYSTEM.

SO THROUGH THE SUMMER CAMP AND I'M NOT GOING TO READ ALL OF THIS, THIS IS KIND OF WHAT WE DID THROUGH THE EVENTS MONDAY THROUGH FRIDAY.

THERE'S TWO SLIDES HERE.

BUT OBVIOUSLY WITH THE MENTORING, IT WAS A ONE ON ONE OPPORTUNITY FOR THE OFFICER TO PARTNER UP WITH THE CHILD.

THROUGH THE CAMP. WE KEYED ON SPECIFIC ACTIVITIES THAT CHILDREN MAY NOT BE PRIVY TO, WHETHER IT WAS AN AIRBOAT RIDE TO EXPERIENCE SOME OF THE SCIENCE, SOME OF THE NATURE INSIDE OF FLORIDA, KENNEDY SPACE CENTER, TO EXPERIENCE, YOU KNOW, THE OLD SPACE SHUTTLE, THAT STUFF THAT WE GREW UP WITH AND THE SCIENCE AND AERONAUTICAL STUFF, THE TOUR OF THE CITY COMPLEXES, WHETHER IT WAS THE POLICE DEPARTMENT SHOWING THEM AROUND,

[00:05:01]

WALKING THEM THROUGH THE CHAMBERS AND ACTUALLY GETTING TO SIT UP IN THE DAIS SO THEY COULD PRETEND THAT THEY WERE MAKING THE COUNT OR THE ORDINANCES AND KIND OF EDUCATING THEM ON WHAT WAS GOING ON.

AS YOU SEE, ON FRIDAY, THE BIG TRIP WAS TO THE POLICE HALL OF FAME SO THAT THEY COULD LEARN KIND OF THE HISTORY ABOUT POLICING AND THEN GOING THROUGH AND TAKING THEM ACTUALLY SHOPPING SO THAT THEY COULD GO THROUGH, PICK OUT THEIR OWN BACKPACK, PICK OUT THEIR OWN SHOES AND OR SOME OF THE ATTIRE TO PREPARE THEM FOR THE SCHOOL.

THAT, AGAIN, OTHERWISE THROUGH THE INCOME DRIVEN LEVELS, THEY MAY NOT BE ABLE TO AFFORD.

SO SOME OF THE PICTURES THAT WE HAD THROUGH THE CAMP WERE THE BATTING CAGES OVER AT SOME OF THE ACTIVITIES OF THE SHOPPING EVENT, OBVIOUSLY UP AT NASA AND THEN WAITING IN LINE FOR I BELIEVE THAT'S ANDRETTI.

THE SECOND EVENT THAT WE FUNDED WAS THE READ AND FEED EVENT THAT'S KEYED UP IN THE NORTHEAST SECTION OF THE CITY UP IN DRISCOLL HEIGHTS, THAT AREA.

BASICALLY, WE KEYED ON THE LOW INCOME DRIVEN FAMILIES AND THE CHILDREN WHO WOULD BASICALLY NOT HAVE ANY FOOD, WHETHER IT WAS BREAKFAST AND LUNCH FOR THE FIVE DAYS WHILE SCHOOL WAS OUT OF SESSION AND THEN KEYING ON THE WEEKENDS AS WELL.

WE ALSO FOCUSED ON THE BACKPACK SHOPPING SO THAT WE COULD MAKE SURE THAT THE SCHOOL SUPPLIES AND EVERYTHING ELSE WERE SUPPLIED TO THEM PRIOR TO THE BEGINNING OF THE SCHOOL YEAR. SO AS YOU CAN SEE HERE, THERE'S MISS CONNIE MCCLARY.

OUR OFFICERS WERE VOLUNTEERING UP THERE, GIVING OUT THE FOOD, PREPARING THE FOOD, AS WELL AS KIND OF HANGING OUT WITH THE KIDS, MENTORING THEM, TEACHING THEM AND TRYING TO JUST SPEND THAT ONE ON ONE TIME THAT MOST OF THE TIME WE WON'T BE ABLE TO AFFORD, ESPECIALLY GOING THROUGH THE SUMMER BREAK, AS BUSY AS WE CAN BE SPREADING OUR COMMUNITY SERVICE THROUGHOUT THE CITY.

YOU SEE THE DOG IN THAT PICTURE IN THE MIDDLE.

UH, BROUGHT HIM.

TOBY. HE.

YEAH. HE IS NOT A FAN OF THE RAIN, SO HE'S SITTING AT HOME RIGHT NOW ENJOYING HIS HIS LITTLE REST TIME.

I LOVE SEEING HIM ON FACEBOOK.

HE'S SO CUTE. WE WILL SEE WHAT WE CAN DO TO BRING HIM IN FOR A MEETING.

SO IN SUMMARY, BASICALLY THE FUNDING WAS USED FOR THE UNDERPRIVILEGED CHILDREN, KEYED UP ON THAT AS FAR AS THE EDUCATION, MENTORING AND TRYING TO KIND OF HELP COACH THE CHILDREN, IF THEY HAD ANY QUESTIONS OR HAD THAT ONE ON ONE OPPORTUNITY TO SPEND WITH THE POLICE OFFICERS FOR THAT WEEK AND OR THROUGH THE SUMMER, THAT'S PRETTY MUCH WHAT WE WERE USING.

ALL OF THE FUNDING FOR.

THAT IS THE QUICKEST SLIDE SHOW THAT YOU GUYS WILL PROBABLY EVER SEE.

SO ANY QUESTIONS, QUESTIONS OR COMMENTS FROM THE BOARD? QUICK COMMENT. I ACTUALLY WAS AT ACADEMY SPORTS WHEN YOU GUYS WERE DOING THAT, SO I SAW THE KIDS OUTSIDE AND IT WAS REALLY COOL TO JUST LIKE SEE ALL OF THEM.

THEY WERE REALLY ENGAGED AND IT JUST WAS COOL TO SEE.

SO THANKS FOR DOING THAT.

AWESOME. THANK YOU.

I WAS GOING TO SAY THANK YOU FOR YOUR SERVICE AND WHAT YOU DO FOR THIS COMMUNITY.

THANK YOU. THANK YOU.

MY ONLY QUESTION WAS, DID YOU HAVE ANY TROUBLE GETTING ENOUGH KIDS TO PARTICIPATE? I MEAN, IT'S REALLY SAD TO THINK THAT THERE'S THAT MANY KIDS IN THAT TYPE OF SITUATION WITH THE TIMING OF EVERYTHING AND HOW IT ALL WORKED OUT.

WE HAD SOME TROUBLE GETTING SOME FEEDBACK FROM THE SCHOOLS.

SO OUT OF I THINK WE TOUCHED BASE WITH 12 OR 14 SCHOOLS.

WE DID GET THE EIGHT NAMES.

HOPEFULLY, YOU KNOW, IF WE TAKE THIS ON IN THE YEARS COMING THAT WE MIGHT BE ABLE TO GET A LITTLE BIT MORE TIME AND A LITTLE BIT MORE BUY IN FROM THE SCHOOLS, ESPECIALLY WITH SEEING SOME OF THE POSTS ON FACEBOOK AND KIND OF HEARING THE STORIES.

SO. GREAT.

IT'S A GREAT PROGRAM. THANK YOU.

YOU'RE WELCOME. THANK YOU GUYS FOR COMING OUT.

WE APPRECIATE YOU. SO NEXT ITEM, WE WILL HAVE A REQUEST FOR THE ESSENCE AT PALM BAY FOR SHIP FUNDING.

GOOD AFTERNOON.

MY NAME IS NORI. DORA.

I'M NOT VERY USED TO THIS.

I'M SORRY IF I FEEL A BIT.

BUT THE REALITY.

WHAT WE HAVE HERE IS A BUILDING THAT RIGHT NOW IS NOT WORKING.

AND WHAT WE TRY TO DO ON THIS, I WILL I WILL TRY TO READ, BUT I WILL TELL YOU DIRECTLY WHAT IT IS WE FOUND IN THE CITY OF PALM BAY AND A LOT OF NECESSITY OF HOUSING, A BIG PROBLEM OF HOUSING.

AND THIS IS CLEAR FOR EVERYONE HERE, A.

THAT PROBLEM.

NEVER TAKE THAT WASN'T TAKE CARE OF ANYBODY.

AND WE WANT TO THIS IS SOMETHING THAT WE ARE DOING IN MIAMI.

AND THINKING ABOUT THAT, I SAY WE CAN REPRODUCE OR TRY TO WORK WITH THE CITIES TO MAKE THINGS HAPPEN HERE, TOO, BECAUSE BETWEEN PALM BAY AND MELBOURNE, YOU HAVE 78% OF LIST OF WAITING LIST PEOPLE WAITING FOR A HOUSE.

[00:10:02]

AND PEOPLE CANNOT AFFORD.

WE'RE TALKING ABOUT WHAT WE, THE GOLD ARMY.

ARMY IS A MEDIUM INCOME IN THE IN THE AREA.

WE'RE TALKING ABOUT 80% ARMY.

SOMETHING THAT PEOPLE CAN AFFORD.

PEOPLE CAN LIVE WITH DIGNITY BECAUSE YOU DON'T WANT TO GIVE THEM THE FOOD.

YOU WANT TO GIVE THEM THE WAY THAT THEY CAN FEEL COMFORTABLE AND THEY CAN FEEL PROUD.

AND WE WANT TO MAKE COMMUNITIES WE DON'T WANT TO DO HOUSES.

OUR MAIN SLOGAN IS WE GENERATE AND WE CREATE COMMUNITIES THAT WE WORK IN TOGETHER TO GROW AND GROW TOGETHER.

THAT'S THE KEY ESSENCE SPAM.

LET ME CONTINUE.

I FORGOT I WAS TALKING AND I FORGOT.

A WE ARE THE DATABASE OF MIAMI.

WE ARE WORKFORCE HOUSING.

THAT'S EXACTLY WHAT I DO.

OUR MAIN GOAL IS TO WORK FOR PEOPLE, WORKING PEOPLE THAT THEY NEED HELP TO BE WORKING AND LIVING IN MIAMI, LIVING IN PALM BAY.

I'M SORRY. AND ALSO EVEN FOR POLICEMEN THAT THEY NEED A PLACE TO LIVE, THAT IF NOT, YOU WILL LOSE THESE KIND OF PEOPLE, THAT YOU INVEST A LOT OF MONEY ON THEM. POLICEMEN, FIREFIGHTERS, NURSES, A PARAMEDIC.

ET CETERA. THESE ARE THE COMMUNITY THAT THEY NEED HELP BECAUSE THEY CANNOT AFFORD THAT.

AND THEY NEED THE HELP OF EACH ONE OF US.

LET'S CONTINUE.

THAT'S WHAT WE FOUND.

THE PROBLEM, THE TOTAL WE HAVE 24,773 RENTERS IN A COUNTY THAT THEY SPEND BETWEEN 30 TO 50%, 49.9% OF THEIR INCOME SPENDING IN A HOUSE.

THIS IS HIGH.

WE NEED TO HELP ON THAT.

AND THIS IS SOMETHING THAT NOT EVERYBODY KNOWS AND NOT EVERYBODY REALIZES.

A LET'S CONTINUE A TOTAL.

WE HAVE A TOTAL OF 13, NINE 4546 RENTERS THAT SERVE AND THEY HAVE APPROXIMATELY 50% OF THEIR INCOME SPENDING IN THEIR HOUSING.

LET'S KEEP MOVING.

WE WE HAVE TWO PROJECTS.

PROJECT PHASE NUMBER ONE IS 130 UNITS IN A BUILDING.

THE STRUCTURE THAT WE CAN USE, REMODEL IT AND HAVE 130 UNITS RIGHT AWAY IN A VERY SHORT PERIOD OF TIME WITH A HUGE WIN, A CLOSE AND VERY SIMPLE REMODELATION AND THE IDEA IS TO DO A FULL REMODEL OF THE BUILDING BECAUSE WE WANT TO HAVE SOMETHING THAT PEOPLE CAN BE PROUD AND EVEN ON THE CITY THEY CAN RECOGNIZE AND THEY WE CAN WE CALL A ICONIC BUILDING, NOT JUST A SQUARE.

LET'S KEEP MOVING.

PROJECT NUMBER ONE COMES ABOUT 130 UNITS.

ALL OF THOSE WILL BE AFFORDABLE FOR WORKFORCE.

THAT'S THE LOOKS OF THE BUILDING.

THE GREEN AREA IS WHERE THE UNITS ARE.

IT'S AN OLD HOTEL THAT WE CONVERT INTO UNIT STUDIOS.

THAT'S THE STANDARD UNIT.

THERE YOU SEE.

AND THIS IS FOR 1 OR 2 PEOPLE.

COULD BE ELDERLY PEOPLE THAT NEED VETERANS THAT NEED.

WE CAN. AND THE IDEA IS NOT TO HAVE ONE ONLY NICHE BECAUSE YOU NEED TO MIX PEOPLE TO MAKE THINGS VIBRANT AND COMMUNITIES REALLY VIBRANT.

YOU NEED TO MIX PEOPLE IN FLORIDA.

FLORIDA INTERNATIONAL UNIVERSITY IDENTIFIED THAT WHEN YOU ONLY NEED ONE KIND OF PEOPLE LIKE ELDERLY PEOPLE IN A BUILDING, WHAT YOU DON'T DO IS GIVE LIFE TO A BUILDING.

YOU NEED TO HAVE A MIX.

THAT'S WHY THE IDEA TO HAVE EVERYBODY GIVE A DIFFERENT KIND OF BUILDING, MORE VIBRANT.

LET'S. OKAY.

THIS IS A DIFFERENT LOOK OF THE BUILDING, THUS THE SITE PLAN WHERE YOU CAN SEE.

IS INSTRUCTOR. RIGHT AWAY.

ONE IS THE BUILDING THAT'S ALREADY THERE.

YES. CORRECT. CORRECT.

THIS IS THE PHASE TWO OF THE BUILDING.

IN THE PHASE TWO, WE WILL HAVE A ONE BEDROOM, TWO BEDROOM UNIT.

WE HAVE THE COME WITH US.

A HOUSING AUTHORITY OF BREVARD COUNTY.

WE EXPECT TO HAVE PALM BAY.

WE ARE. THE IDEA IS TO DO AFFORDABLE AND WORKFORCE UNITS FOR EVERYBODY IN THE CITY.

PROJECT BENEFIT SIMPLE AND QUICK TO BUILD? YES, THE FIRST PHASE IS VERY SIMPLE TO BUILD.

CREATE SPACE FOR COMMUNITY INTERACTION.

AFFORDABLE FOR TENANTS.

[00:15:01]

BOTH OF THE LOCAL ECONOMY BOOSTS THE LOCAL ECONOMY AND TAXES.

COMPANY OVERVIEW.

THOSE ARE ESSENCE.

MIAMI IS ONE OF THE PROJECT THAT WE ARE WORKING RIGHT NOW WITH THE CITY OF MIAMI.

88 UNIT IS NOT STUDIOS.

THERE ARE 1 OR 2 BEDROOMS. I'M SORRY FOR THAT.

THOSE ARE PROJECTS THAT WE'VE BEEN WORKING WITH CITY OF MIAMI, WITH THE COUNTY IN DIFFERENT AREAS.

I. THE IDEA IS TO BEGIN RIGHT AWAY.

IF WE CAN BEGIN RIGHT AWAY, WE CAN BEGIN ON.

NEXT YEAR, 2025, WE CAN HAVE THE PHASE ONE DONE.

WE EXPECT TO HAVE ONE YEAR CONSTRUCTION BECAUSE THE MAIN THING THAT THE STRUCTURE IS ALREADY THERE.

AND THE SECOND AFTER THAT, AS I BEGIN THAT, WE CAN BEGIN THE PHASE TWO.

THE SUMMARY IS WHAT WE WERE TALKING ABOUT.

THE PROBLEM THAT THE COMMUNITY HAVE WITH THE ECONOMIC CRISIS AND THE INTEREST RATE AND EVERYTHING.

WHAT IS COMING. WE EVERYBODY KNOWS ABOUT THE PANDEMIA UNTIL NOW WE ARE HELPING.

IT'S OUR PART TO HELP TO THE COMMUNITY TO BE BACK ON TRACK IN OUR SIDE.

IF EVERYBODY OUR CONCEPT IS IF EVERYBODY IN THEIR SIDE GIVE A LITTLE BIT, WE CAN ALL GROW TOGETHER.

AND THAT'S WHAT WE'RE LOOKING FOR.

THANK YOU VERY MUCH FOR PAYING ATTENTION, AND I HOPE YOU LIKE THE PROJECT.

THANK YOU. THANK YOU, MR. DORA. WE'RE.

WHAT A NICE.

HOW DO I SAY THIS? THE BUILDING LOOKS BEAUTIFUL.

GIVEN WHAT'S THERE RIGHT NOW, IT WILL BE WELCOME TO SEE SOMETHING LIKE THAT INSTEAD.

AND THE FACT THAT IT'S AFFORDABLE HOUSING THAT YOU'RE OFFERING IS.

WE APPRECIATE YOU.

THANK YOU. THANKS TO YOU.

HAVE QUESTIONS. SORRY.

BUCKLE UP. I KNEW KIRA WAS RIGHT.

HOW LONG ARE THE UNITS REMAIN AFFORDABLE? WILL THERE BE A LAW ON THE.

ON THE PROJECT? MEAN, THE IDEA IS USUALLY WHEN YOU DO PROJECTS, AFFORDABLE HOUSING IS BETWEEN 20 TO 30 YEARS.

IS SOMETHING THAT WE HAVE TO DEFINE.

IT'S NOT DEFINED YET, BUT THIS IS THAT RANGE.

WILL THE CITY BE PUTTING A LAW ON THERE FOR THE FUNDING THAT WE'RE GIVING THEM? HOW LONG WILL IT BE? OKAY. ALL RIGHT.

SO THEY'RE ASKING FOR 100,000.

HOW MUCH DO YOU KNOW? TOTAL IS. LET ME EXPLAIN.

THIS PROJECT IS LIKE APPROXIMATELY BETWEEN 10 TO $12 MILLION.

IT'S NOT A PROJECT OF A WITH 100,000.

WE DON'T MOVE NOTHING.

I'M SORRY. JUST TO HAVE A PERSPECTIVE.

SO WE DON'T KNOW THE LENGTH OF THE AFFORDABILITY.

WHERE IS THE ADDITIONAL FUNDING FOR.

I DIDN'T SEE ON THE ADDITIONAL FUNDING SOURCE COME FROM US OR I'M SORRY.

DO WE HAVE A SOURCES OF FUNDS? THE FUNDS COME FROM PARTLY FROM US.

COME FROM FROM FANNIE MAE.

IT'S AN AFFORDABLE FANNIE MAE HAS A DIVISION FROM AFFORDABLE HOUSING THAT DO FOR REMODELING THESE KIND OF PROJECTS.

SO IT WOULD BE A LOAN.

WE KNOW IT'S NOT A BOND.

NO, A LOAN WOULD ALONE.

YES, THAT WILL BE ON US.

OKAY. SO I WOULD LIKE TO SEE AND I SHOULD HAVE EMAILED YOU GUYS EARLIER ABOUT THIS.

I'D LIKE TO SEE THE SOURCES OF FUNDS THAT THEY'RE PROPOSING.

I'D ALSO LIKE TO SEE THEIR THEIR PRO FORMA FOR THE OPERATING AND FOR THE THE RENTAL PRO FORMA.

AND I WANTED TO ASK ABOUT THE.

SO TYPICALLY WITH FLORIDA HOUSING FINANCE CORPORATION, IN ORDER FOR IT TO BE CONSIDERED AFFORDABLE, THE AVERAGE AMI IS 60%.

SO I WAS WONDERING IF THERE'S FLEXIBILITY ON THE AMI AND LET ME EXPLAIN YOU ON THAT.

60% IS FOR MEDIUM INCOME, MEDIUM AFFORDABLE HOUSING MEDIUM.

YOU HAVE IT'S AFFORDABLE FROM 120 DOWN.

THE FLORIDA HOUSING FINANCE CORPORATION CONSIDERED THAT AFFORDABLE.

A WHAT ARE WE TALKING HERE? AND THIS IS WHAT WE PRESENT.

WE ARE IN THE 80% AMI DOWN.

THAT'S WHAT WE PUT ON THE LETTER AND THAT'S WHAT WE ACCOMPLISH.

WE WANT ACCOMPLISH, ACTUALLY.

SO WITH THE HOUSING AUTHORITY LETTER OF SUPPORT.

THAT'S NOT FOR PROJECT BASED VOUCHERS, IS IT? THAT IS JUST FOR TENANT BASED VOUCHERS? NO. A COULD YOU REPEAT, PLEASE, THE LETTER OF SUPPORT THAT YOU PROVIDED FROM THE HOUSING AUTHORITY OF BREVARD COUNTY? IT FOR VOUCHERS.

[00:20:02]

OKAY. WHAT KIND OF VOUCHERS IS SECTION EIGHT? VOUCHERS? TENANT BASED OR PROJECT BASED? NO, NO, IT'S NOT.

IT'S JUST VOUCHERS.

IT'S NOT TENANT BASED.

IT'S A TOTALLY DIFFERENT TENANT BASED VOUCHER.

NUMBER ONE. THE LETTER DOESN'T SAY THEY WILL PROVIDE THE VOUCHERS TO THE PEOPLE, BUT IT IS NOT ASKING IS BECAUSE THERE'S A PROCESS TO GET A PROJECT BASED VOUCHER. IT'S NOT A IT'S NOT A GUARANTEE.

AND SO THAT'S NOT SOMETHING THAT IT SOUNDS LIKE THEY'RE SAYING THAT THEY'LL DO.

THEY'RE SAYING THAT THEY WOULD LOOK AT IT.

I AGREE WITH KIRA WHEN I READ THEIR LETTER THAT IT SAYS THAT THEY'RE SUPPORTIVE OF THE PROJECT, BUT IT WASN'T REALLY A SPECIFIC IT'S NOT.

AND I UNDERSTAND THAT IT'S A PROPOSED PROJECT AND THEY'RE STILL WORKING FROM IT.

BUT I.

YEAH. AND I JUST KNOW BECAUSE I'VE SEEN THEIR LETTERS BEFORE, SO IT'S NOT ONE THAT'S GUARANTEEING THE VOUCHERS.

AND THEN MY OTHER CONCERN IS THAT BUILDING ITSELF, THE HEALTH OF THE BUILDING.

I HAVE VERY, VERY STRONG CONCERNS ABOUT THAT BECAUSE I HAVE A LOT OF BACKGROUND KNOWLEDGE ABOUT THE HEALTH OF THAT BUILDING, AND I WOULD FEEL MUCH MORE COMFORTABLE IF IT WAS BEING COMPLETELY DEMOED AND SOMETHING ELSE WAS BEING BUILT THERE.

A DESTRUCTOR BUILDING.

THE WHOLE BUILDING IS CONCRETE.

TO DO THAT, WE HAVE TO GO THROUGH ENGINEERING THAT WILL CERTIFY THE BUILDING.

WHEN YOU FINISH THE BUILDING, THE BUILDING WILL BE FULLY RE CERTIFIED.

THE STRUCTURE OF THE BUILDING IS CERTIFIED BY THE ENGINEERS.

WE CANNOT BUILD ANYTHING THAT IS NOT CERTIFIED BY THEM.

MY CONCERN IS THE MOLD, THE SEVERE, SEVERE MOLD THAT HAS BEEN IN THAT BUILDING FOR YEARS AND YEARS.

WHILE IT'S BEEN OPEN MULTIPLE TIMES, ALL THE ALL THE DRYWALL THAT IS IN THE BUILDING WILL BE TAKEN OUT.

I MEAN, THAT WILL BE DISAPPEAR.

WE WILL KICK THE CONCRETE.

THAT IS THE SHELL OF THE STRUCTURE.

THE REST EVERYTHING WILL BE OUT.

THAT PART OF THEIR CODE VIOLATIONS THAT NEED TO BE RECTIFIED.

IF YOU GO ON TO PAGE NINE.

I WOULD LIKE. THIS IS BAD BECAUSE IT MENTIONS THE CODE LEANS.

BUT DOES THAT BUILDING HAVE AN ACTIVE CODE CASE RIGHT NOW THAT IT'S NOT IN COMPLIANCE? UH HUH. I THINK THIS IS A CONDITIONAL APPROVAL BASED ON ALL FIVE BULLETS.

SO MY MY QUESTION IS BECAUSE IT'S REFERRING TO CODE MEANS TO ME CODE.

SO THERE CURRENTLY.

APPLICANT DOES HAVE OUTSTANDING CODE LIENS AND HAS ENTERED INTO A REPAIR AGREEMENT WITH THE CITY TO RESOLVE THOSE CODES.

OKAY. SO THEY WOULD HAVE TO MEET ALL THOSE CONDITIONS FROM BULLET FROM THE FIRST BULLET DOWN.

SO IT'S A IT WOULD BE A CONDITIONAL APPROVAL.

OKAY. BUT SO THE CONCERN SHE'S HAVING, ARE THOSE GOING TO BE ADDRESSED IN THE CODE CASE? OKAY. BUT THAT WAS WHAT I WAS.

THANK YOU FOR. I APPRECIATE IT.

DO YOU HAVE ANY OTHER QUESTIONS? I'D LIKE TO SEE A LITTLE BIT MORE AFFORDABILITY OR SOME SOME ALLOCATION FOR.

SOME OF OUR PEOPLE THAT ARE CURRENTLY EXPERIENCING HOMELESSNESS.

CAN WE GET ANY KIND OF.

I'D LIKE TO SEE US GET THE CITY, GET A LITTLE BIT MORE.

AND I KNOW IT'S ONLY 100,000, BUT ANY TIME WE CAN TRY AND GET MORE AFFORDABILITY LENGTH OF TIME AND AND SOME EITHER UNITS OR UNITS FOR SET ASIDE A CERTAIN LOW EVEN IF IT'S A LOW PERCENTAGE FOR PEOPLE THAT ARE EXPERIENCING HOMELESSNESS.

I'D LIKE TO SEE ALWAYS ASK FOR AT LEAST WELL IN THE 80% AMI ISN'T 80% LIKE YOU'RE TALKING LIKE $1,500 A MONTH IN RENT.

$1,200. THAT THE RANGE FOR 80% JUST PAT IT UP TODAY BECAUSE ON THE STUDIOS IS 1200.

OKAY SO SO 80% IT'S STILL THAT'S NOT WHO BOUGHT MY HOUSE A LONG, LONG TIME AGO.

THAT'S STILL A LOT OF MONEY.

BUT I UNDERSTAND WHAT THE MARKET IS RIGHT NOW AND I GET IT.

BUT I THINK USING THE TERM AFFORDABLE HOUSING, IT'S IT'S NOT YEAH, IT'S WORKFORCE IS A WORKFORCE WORKFORCE.

IT'S NOT WHICH IS STILL NEEDED IN THIS COUNTY.

SO ANY OTHER QUESTIONS? QUESTIONS. YES, SURE. GENERAL QUESTION IS IS.

100,000. IS IT EARMARKED FOR ANY THING IN PARTICULAR, OR IS IT JUST THROWING.

[00:25:01]

A THE REALITY, AS YOU CAN IMAGINE, 100,000 IS NOT GOING TO MAKE TOO MUCH DIFFERENCE ON THIS PROJECT.

THAT'S A REALITY.

WHAT WE WANT IS THE PARTICIPATION OF THE CITY AND THE PROJECT TO WORK TOGETHER.

IS MORE THAN IS 100,000 DOESN'T MAKE ANY DIFFERENCE TO THE PROJECT AS RIGHT NOW.

AND IS A FOR PROFIT, CORRECT? NO, IT'S NOT A NON FOR PROFIT.

NO, PLEASE. BUT I THINK EITHER STAFF OR KIRA MAYBE PROBABLY KNOWS.

WHEN YOU'RE TALKING ABOUT GETTING FINANCING THROUGH FAIR HOUSING CORPORATION, WHEN YOU HAVE THAT LOCAL GOVERNMENT BUY IN, DOESN'T THAT MAKE YOUR APPLICATION MORE COMPETITIVE? THAT'S WHY I'M ASKING. I WAS TRYING TO ASK WHAT THE SOURCES OF FUNDS AND I CAN'T GET A CLEAR ANSWER FOR WHAT THE SOURCES OF THE FUNDS ARE GOING TO BE.

SO THAT'S WHY I WOULD LIKE TO SEE LIKE THAT'S SOMETHING YOU TYPICALLY TURN IN SOURCES OF FUNDS.

AND LIKE ANY PROJECT I HAVE, I CAN LIST OFF OUR WHOLE SOURCES OF FUNDS, EVEN ON LIKE.

A PROJECT THAT HAS 20 FUNDERS.

SO AND HOW MUCH FUNDING ARE YOU REQUESTING FROM BREVARD COUNTY? A WE DIDN'T TALK YET UNTIL WE HAVE REQUESTED FROM YOU GUYS FIRST.

OKAY. IT'S BREVARD COUNTY IS CONDITIONAL TO YOU IF CITY OF PALM BAY PROVIDE US FUNDING.

BREVARD COUNTY WILL PROVIDE US FUNDING.

AND WITH THAT WE CAN GO TO FANNIE MAE FOR AFFORDABLE HOUSING FUNDING.

HOW MUCH ARE YOU REQUESTING FROM THE COUNTY? I DIDN'T REQUEST IT YET.

HOW MUCH DO YOU PLAN TO.

I MEAN, YOU HAVE A BUDGET OF.

I HAVE A BUDGET.

BUT THE BUDGET AT THIS POINT, BECAUSE WE ARE IN AN EARLY STAGE, I CANNOT TELL YOU HOW MUCH BECAUSE IT'S BASED ON HOW MUCH CITY OF PALM BAY IS WILLING TO GIVE.

IF CITY OF PALM BAY PARTICIPATE WITH 100,000 A.

BREVARD COUNTY. I DON'T KNOW HOW MUCH THEY COLLABORATE.

THREE TIMES WILL BE 300.

IT'S STILL NOTHING FOR THIS KIND OF PROJECT.

I DON'T. I JUST DON'T UNDERSTAND HOW YOU CAN HAVE A PROJECT AND HAVE A BUDGET OF $13,000 AND NOT BE ABLE TO TELL ME HOW YOU PLAN TO FUND IT.

THAT'S I COULD TELL YOU HOW I PLAN IF I IF I WANT TO PLAN IN FUNDING IS I NEED FROM CITY OF PALM BAY, FOR INSTANCE, 7 TO $1 MILLION. IN THAT WAY, BREVARD COUNTY CAN COLLABORATE WITH THE REST.

THE REST MEANS ANOTHER 1 OR $2 MILLION MORE.

AND WITH THAT WE COVER.

AND WE TOOK THE LOAN FROM FANNIE, FREDDIE, FANNIE MAE OR FREDDIE MAC.

SO I'M. SO THIS REQUEST IS FOR 100,000, CORRECT? YOU ASKED ME FOR HOW MUCH? 100,000, AS I EXPLAINED, IS NOT A SIGNIFICANT NUMBER FOR THIS KIND OF PROJECT.

IS THERE A PLAN FOR YOU TO COME BACK AND ASK PALM BAY FOR MORE MONEY? IS MY QUESTION IS SOMETHING THAT I HAVE TO TALK WITH THE COMMUNITY DEVELOPMENT, HOW WE CAN STRUCTURE THAT.

BUT FIRST, WE WANT TO BEGIN WITH 100,000 TO TALK TO CONTINUE TALKING.

IF YOU GUYS ARE INTERESTING, WE CONTINUE.

SO MAYBE JUST ALSO TO NOTE, THE LAST BULLET SAYS THE FUNDS WILL ONLY BE ON A REIMBURSEMENT BASIS AFTER COMPLETION OF THE PROJECT.

ALL UNITS ARE OCCUPIED WITH INCOME ELIGIBLE CLIENTS, SO WE'RE NOT GRANTING THEM ANY MONEY UP FRONT.

IT IS GOING TO BE ON A REIMBURSEMENT.

THEN ALSO TO NOTE THAT THE STAFF IS REQUESTING A TIME FRAME FOR THE AWARD OF FUNDS.

SO IF THEY DO NOT NOT EXCEED TWO YEARS, IF THE PROJECT IS NOT COMPLETED WITHIN 24 MONTHS, THEY WILL HAVE TO COME BACK AND APPLY AGAIN.

SO WE'RE NOT GOING TO TIE THE FUNDS UP FOR.

WHEREVER. WE'LL HAVE.

NOT. JUST CURIOUS AND SORRY IF I MISSED IT WHILE I WAS ON.

HOW LONG HAVE YOU GUYS OWNED THAT BUILDING? 45 YEARS, APPROXIMATELY.

AND I ASK BECAUSE I ACTUALLY THAT'S AT THE END OF MY STREET, SO I SEE IT EVERY SINGLE DAY.

SO I'VE DEFINITELY BEEN CONCERNED WITH WITH THE CONDITION OF THAT BUILDING.

AND I'M GLAD YOU WANT TO DO SOMETHING WITH IT.

BUT I'M ALSO CONCERNED THAT IF THIS FUNDING DOESN'T GO THROUGH, I MEAN, I GUESS HOW LONG DO WE HAVE TO LOOK AT THAT BUILDING IN THAT CONDITION? IS THAT LIKE PART OF THIS? THEY HAVE HOWEVER LONG TO GET THESE CODES, LIKE JUNE 20TH, 24.

SO THAT SEEMS LIKE A LONG TIME.

IT MAKES ME WORRY THAT IF THIS DOESN'T GO THROUGH, IT'S JUST GOING TO SIT THERE LONGER AND IT IS A DEFINITE EYESORE FOR THE COMMUNITY.

IT'S A LOT OF TRAFFIC IN AND OUT OF THAT BUILDING ALL THROUGH THE NIGHT THAT GOES UP AND DOWN MY STREET.

SO JUST REALLY CONCERNING SPOT.

SO I JUST WANT TO KIND OF VOICE THAT FOR THE COMMUNITY RIGHT THERE.

SO JUST TO NOTE THAT THERE IS A SECOND HEARING AND FINAL HEARING FOR THE ZONING.

[00:30:03]

THE SEVENTH. SO.

THAT WILL ALSO HINGE ON WHETHER WE APPROVE.

NEW ISSUES NOT APPROVED BY COUNCIL.

WELL, THE MAIN THING THAT THEY'RE DOING FOR THE ZONING ISSUE IS TO GET UNDER THE LIVE LOCAL ACT.

I'M JUST GOING TO ASK YOU ABOUT THAT.

YES. BECAUSE THERE I WAS GETTING THEY'RE WANTING TO MOVE IT SO THAT THEY CAN HAVE JUST THE COMMERCIAL BECAUSE YOU CAN DO THE AFFORDABLE HOUSING AND GET THE EXTRA DENSITY AND HEIGHT ON COMMERCIAL BECAUSE OTHERWISE THEY COULD JUST REZONE IT TO MULTIFAMILY.

SO IT'S A DONE DEAL? TECHNICALLY NOT, BUT IT CERTAINLY WILL MAKE THE NUMBERS ARE A LOT HARDER FOR HIM IF HE DOESN'T HAVE THE DENSITY.

THE WHOLE POINT OF DOING THAT IS JUST SO THEY CAN GET THE GREATER AMOUNT OF DENSITY.

BUT SO ONCE THAT ZONING IS DONE WITH THE CHANGES THAT ARE IN THE LOCAL ACT, DOES THAT PROJECT WILL IT COME THROUGH AGAIN FOR LIKE SITE PLAN OR ANY OTHER TYPE OF COUNCIL APPROVAL OR IT WILL BE APPROVED IN THE STAFF ADMINISTRATIVE LEVEL? NO. IF THEY'RE DESIGNATING 40% TO THE AFFORDABLE HOUSING AND THEY'RE ALREADY HAVE THE COMMERCIAL ZONING, THEY THEN ARE.

ALLOWED TO ACTUALLY NOT ALLOWED.

CITY HAS NO ABILITY COUNCIL HAS NO CONTROL OVER AT THAT POINT IF THEY DESIGNATE 4,040% FOR 30 YEARS.

THEY THEN GO STRICTLY UNDER ADMINISTRATIVE APPROVAL.

THERE ARE NO ADDITIONAL REVIEWS OR PERMITS THAT COUNCIL CAN PUT UPON THEM SO LONG AS THEY ARE WILLING TO MAKE THOSE DESIGNATIONS AND THOSE ARE BECOME DEEP RESTRICTIONS.

OKAY. LET ME EXPLAIN YOU SOMETHING HERE.

WE OFFER 100% OF THE UNITS AFFORDABLE, NOT JUST 40%.

OKAY? SO, YES, IT WOULD BE ADMINISTRATIVE REVIEW.

ANY OTHER QUESTIONS OR COMMENTS? OKAY. JUST MY FINAL COMMENTS.

I THINK IT'S A GREAT LOOKING PROJECT.

AND AS YOU KNOW, SHE SAID DOWN HERE, IN THE END, SOMETHING NEEDS TO BE DONE WITH THAT BUILDING.

SO I APPRECIATE THAT YOU GUYS ARE TAKING IT ON.

YOU DID MENTION THAT YOU'RE PROBABLY GOING TO BE SEEKING SOME OTHER TYPE OF FUNDING SOURCE FROM THE CITY OF PALM BAY.

I WOULD HAVE LIKED SIMILAR TO KIRA TO HAVE SEEN SOME TYPE OF OVERALL PACKAGE OF WHAT TYPE OF FUNDING THAT YOU'RE REQUESTING.

AND I UNDERSTAND THIS PROCESS, BUT I WOULD LIKE TO KNOW WHAT YOUR MATCH WAS GOING TO BE FROM BREVARD COUNTY.

I WOULD LIKE TO KNOW WHAT OTHER FUNDING YOU COULD POSSIBLY AS FAR AS INCENTIVES THAT YOU'RE ASKING FOR THE CITY OF PALM BAY TO DO THIS, TO BE PRESENTED ALL AS ONE PROJECT AT ONE TIME. THAT BEING SAID, BEING THAT IT IS SIMPLY JUST A $100,000 AND THAT DOES MAKE YOUR YOUR APPLICATION TO FAIR HOUSING MORE COMPETITIVE.

I APPRECIATE THE EFFORT AND I THINK THAT THESE CONDITIONS THAT ARE ON THIS APPROVAL ARE VERY IMPORTANT AND THAT THESE THINGS NEED TO BE RECTIFIED.

IT'S VERY CONCERNING TO ME THAT THERE'S A UTILITY BALANCE OF OVER $100,000 ON THAT PROPERTY, MUCH LESS CODE LIENS.

SO I APPRECIATE THAT.

THAT IS THE APPROVAL.

I REALLY HOPE THAT YOU'RE ABLE TO PROCEED AND DO THIS AND BE SUCCESSFUL IN 24 MONTHS BECAUSE THAT REALLY IS A SHORT PERIOD OF TIME.

AND IT DOESN'T SOUND LIKE YOU'RE QUITE I CAN'T IMAGINE IN 24 MONTHS, IF YOU WERE TO START THE CLOCK RIGHT NOW THAT YOU COULD BE AT CO WITH UNITS OCCUPIED WITH ELIGIBLE PEOPLE IN A 24 MONTH PERIOD.

SO IF YOU'RE COMMITTING TO THAT, I THINK THAT'S FANTASTIC.

BUT I REALLY HOPE YOU'RE ABLE TO DO IT.

LET ME EXPLAIN YOU ON THE MAIN 130 UNITS THAT WE'RE TALKING.

YES, WE CAN DO IT.

AND YOU CAN DO IT IN LESS TIME BECAUSE THE STRUCTURE IS THERE.

IT'S CLEAN OUT EVERYTHING DEMOLITION AND BEGIN TO BUILD IT UP QUICK.

I WAS PART OF. CONSTRUCTION IS NOT A PROBLEM.

I WOULD FEEL MORE COMFORTABLE IF WE WERE ABLE TO GET THE ITEMS THAT THOSE ITEMS TO REVIEW BEFORE VOTING ON IT, AND I WOULD BE WILLING TO COME BACK AND HAVE HIM PROVIDE THOSE MATERIALS.

I DON'T KNOW IF WE'RE ABLE TO DO A VOTE BY EMAIL OR BUT I JUST DON'T I DON'T FEEL COMFORTABLE VOTING ON SOMETHING THAT I DON'T HAVE ALL THE INFORMATION ON.

ENTERTAIN A MOTION TO THAT EFFECT IF YOU'D LIKE.

OR. HOLD ON ONE SECOND.

MR. JOHNSON. I DON'T WANT TO LEAVE YOU OUT.

GOOD. OKAY. IF YOU WANT TO MAKE A MOTION TO THAT EFFECT, I WOULD LIKE TO MAKE A MOTION THAT WE BE PROVIDED ADDITIONAL INFORMATION BEFORE VOTING ON THIS PROJECT FOR FUNDING.

YES, THE.

OPERATING BUDGET.

THE RENTAL PRO FORMA AND THE SOURCES AND USES OF SOURCES AND USES OF FUNDS.

[00:35:05]

I CAN EMAIL THAT TO YOU AS WELL.

A MOTION. DO WE HAVE A SECOND? I SECOND THAT. HAVE A MOTION AND A SECOND.

ALL THOSE IN FAVOR? SAY AYE.

AYE. BRONSON.

WAS THAT AN EYE? YES.

OKAY. DO I HAVE ANY NAYS? NAYS AND I VOTE I. SO THAT MOTION PASSES SO STAFF WILL GET WITH YOU TO ASK FOR A LIST OF ADDITIONAL DOCUMENTATION, AND THEN WE WILL RESCHEDULE THE ITEM FOR A FUTURE BOARD MEETING.

OKAY. OKAY. THANK YOU FOR COMING IN AND THANK YOU FOR SHARING THE PROJECT WITH US.

THANKS TO YOU GUYS. THANK YOU.

THANK YOU. BYE BYE. ALL RIGHT.

SO NEXT, WE HAVE ITEM NUMBER THREE ASSESSMENT OF THE FAIR HOUSING PLAN.

NICE. THANK YOU. DO YOU WANT TO INTRODUCE THIS ITEM? SO THE CITY OF PALM BAY RECEIVED FEDERAL FUNDING FROM THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT THROUGH THE COMMUNITY DEVELOPMENT BLOCK GRANT, CDBG AND HOME INVESTMENT PARTNERSHIP PROGRAMS TO SUPPORT AFFORDABLE HOUSING AND THE COMMUNITY DEVELOPMENT INITIATIVES SERVING LOW AND MODERATE INCOME INDIVIDUALS IN THE COMMUNITY.

BREVARD COUNTY AND THE FOUR CITIES IN BREVARD COUNTY, COCOA, MELBOURNE, PALM BAY AND TITUSVILLE FORMED THE BREVARD COUNTY HOME CONSORTIUM TO RECEIVE FEDERAL HOME FUNDS TO HELP MEET THE COMMUNITY'S.

AFFORDABLE HOUSING NEEDS.

BREVARD COUNTY IS THE LEAD ENTITY FOR BREVARD COUNTY HOME CONSORTIUM AND ADMINISTERS THE HOME FUNDS ON BEHALF OF ITS MEMBERS.

SO ACCORDING TO TITLE EIGHT OF THE CIVIL RIGHTS ACT OF 1968, COMMONLY KNOWN AS THE FAIR HOUSING ACT, REQUIRES THAT HUD AFFIRMATIVELY, AFFIRMATIVELY FURTHERS THE GOALS AND PURPOSES OF FAIR HOUSING ACT.

THIS MANDATE TO AFFIRMATIVELY FURTHER FAIR HOUSING ALSO APPLIES TO RECIPIENTS OF HUD FUNDING.

AS SUCH, HUD REQUIRES THAT GRANTEES OF FEDERAL FUNDS TAKE MEANINGFUL STEPS TO OVERCOME PATTERNS OF SEGREGATION AND PROMOTE INCLUSIVE COMMUNITIES THAT ARE FREE FROM BARRIERS THAT LIMIT ACCESS TO OPPORTUNITY BASED.

ON SEVEN FEDERALLY PROTECTED CLASSES, INCLUDING RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, INCLUDING GENDER IDENTITY AND SEXUAL ORIENTATION, FAMILIAL STATUS AND DISABILITY.

ALTHOUGH SUCH SPECIFIC REQUIREMENT REQUIREMENTS FOR GRANTEES TO DEMONSTRATE COMPLIANCE WITH AHF HAVE VARIED OVER THE PAST SEVERAL YEARS AND ARE CURRENTLY IN FLUX, THE BREVARD COUNTY HOME CONSORTIUM PREPARED THIS ASSESSMENT OF FAIR HOUSING AF TO GATHER UPDATED INFORMATION ABOUT THE FAIR HOUSING LANDSCAPE IN BREVARD COUNTY AND TO ASSIST PROGRAM STAFF AND ACTIVITIES THAT ENHANCE FAIR HOUSING CHOICE AND ACCESS TO OPPORTUNITY IN THE COMMUNITY.

THE COUNTY IS RESPONSIBLE FOR THE PUBLIC COMMENT PERIOD.

ADVERTISEMENT TO RECEIVE PUBLIC COMMENTS FOR A PERIOD OF 30 DAYS.

THE COMMENT PERIOD WILL BEGIN AUGUST 24TH, 2020 I'M SORRY, AUGUST 25TH, 2023, AND WILL END SEPTEMBER 24TH, 2023. THE PLAN IS AVAILABLE FOR REVIEW AT THE HOUSING PROGRAMS CITY OF PALM BAY, FLORIDA.

OR PALM BAY FLORIDA.ORG WEBSITE.

A PUBLIC HEARING WILL BE HELD AT THE CITY OF PALM BAY AND CITY COUNCIL CHAMBERS HERE AT 120 MALABAR ROAD IN PALM BAY, FLORIDA, ON OCTOBER 5TH, 2023 AT 6 P.M..

RECOMMEND APPROVAL FOR THE ASSESSMENT OF THE FAIR HOUSING PLAN TO CITY COUNCIL FOR ADOPTION AND THE ATTACHMENTS, IF REQUESTED, WERE PROVIDED. HAD A CHANCE TO LOOK AT THE.

ON THE FAIR HOUSING PLAN.

WANT TO MAKE A MOTION.

I'LL MOVE TO RECOMMEND APPROVAL OF THE ASSESSMENT OF FAIR HOUSING PLAN TO THE CITY COUNCIL FOR ADOPTION.

IN A SECOND. ALL THOSE IN FAVOR SAY AYE? AYE. AYE. ANY OPPOSED? I'M SEEING NONE. AND I VOTE AYE.

AND THAT MOTION PASSES.

[OTHER BOARD BUSINESS]

THE LAST ITEM IS OUR INFORMATIONAL STAFF REPORT.

THANK YOU. I HOPE YOU ALL HAD A CHANCE TO HAVE A LOOK AT THE REPORT.

SO IN SUMMARY, WE DID MEET OR ACTUALLY EXCEED OUR 1.5 RATIO FOR CDBG EXPENDITURES.

WE NOW HAVE A BALANCE OF 1000.

$1,087,000. THEN WE ALSO HAVE A PROJECT STATUS FOR EACH OF THE PROJECTS THAT WE HAVE CDBG FUNDING.

[00:40:09]

THE PARKS LIBERTY PARK IS DONE, IS COMPLETED.

WE HAVE A BALANCE OF THREE BENCHES FOR BENCHES, BUT THOSE WILL BE CARRIED FORWARD ONTO THE NEW NEXT FISCAL YEAR.

THEY ARE AWAITING COMPLETION OF THE SIDEWALKS BEFORE THEY CAN INSTALL THE FINAL FOUR BENCHES.

THE VETERANS PARK UPGRADE FOR THE RESTROOMS THAT IS ONGOING.

THEY'VE COMPLETED THE MULTI-USE FIELD THAT HAS BEEN DONE AND THEY'RE WORKING ON THE RESTROOMS. THEY HAVE BEEN DEMOLISHED OR UPGRADED.

SO THAT'S STILL A WORK IN PROGRESS AND THEY HOPE TO COMPLETE THAT BY SEPTEMBER THE 30TH.

IBERIA PARK. SORRY.

THAT WAS THE INSTALLATION OF THE BENCHES.

THE LIBERTY PARK WAS FOR THE BASKETBALL COURTS.

WE ACTUALLY HELD A CEREMONY WITH THE PARKS TO COMMEMORATE THE NAMING CEREMONY FOR THE LIBERTY PARK ON THE 8TH OF AUGUST. AND WE DID ATTEND.

THE MAYOR WAS THERE AS WELL.

WAS RENAMED AFTER A YOUNG MAN WHO USED TO VISIT WHO USED TO PLAY AT THE PARK.

PASSED AWAY. AND. IN THE SENIOR CENTER.

THEY HAVE COMPLETED THE WELL INSTALLATION AND THE HVAC INSTALLATION.

SO WE'RE JUST WAITING ON FINAL INVOICES.

AND THEN JUST FOR US TO FINALIZE THE NUMBERS OF ANY REMAINING FUNDS FROM THOSE PROJECTS.

FOR PUBLIC WORKS, THE DRISCOLL HEIGHTS.

WE DO HAVE A WE SUBMITTED A SUBSTANTIAL AMENDMENT TO ADD SIDEWALKS AND STREETLIGHTS WITH FUNDING FROM NSP IN ALL THE LOW INCOME AREAS IN THE CITY.

THE PUBLIC WORKS HAS A PLAN.

UM, SIDEWALKS, STARTING WITH ELDON AND THIS YEAR AND THEN MOVING FORWARD WITH OTHER AREAS.

SO THIS WAS APPROVED BY COUNCIL ON.

WELL BE TAKING IT TO COUNCIL SORRY, ON THE 7TH OF SEPTEMBER AT THE NEXT COUNCIL MEETING.

FIRE STATION. A FIRE DEPARTMENT HAS BEEN REALLY INSTRUMENTAL IN HELPING US REACH OUR CDBG 1.5 RATIO.

THEY DID PURCHASE THE FIRE ENGINE AND THAT HAS COME IN AND ALL THE FIRE EQUIPMENT THAT THEY HAD REQUESTED, WITH THE EXCEPTION OF APEX, WHICH WHICH HAD A LONG LEAD TIME.

SO THEY HAD TO TAKE THOSE OFF THE TABLE.

BUT THEY'VE BEEN REALLY, REALLY VERY GOOD IN TERMS OF SPENDING AND HELPING US ACHIEVE OUR RATIO.

THIS GOLF CART. WE ARE WAITING ON THE PURCHASING DEPARTMENT TO AWARD THE BID FOR THE PURCHASE OF THE GOLF CART, THE GOLF CARTS THAT WILL BE USED IN CRIME PATROL IN THE LOW INCOME AREA. AND MOVING ON TO THE DOWN PAYMENT ASSISTANCE PROGRAM WITH CDBG.

CSG HAS A CONTRACT WHICH HAS EXTENDED TO DECEMBER NEXT YEAR AND WE DID ADD SOME MORE MONEY BECAUSE THEY WERE ABLE TO EXPAND SOME OF THE MONEY HELPING FIRST TIME HOME BUYERS.

WE DO HAVE TWO HOUSES THAT WILL BE COMPLETE USING THE HOME FUNDS AND WE'RE GOING TO HAVE FIRST TIME HOME BUYERS TO PURCHASE.

HOUSES USING THE FUNDS FROM CDBG.

IN THE PROCESS OF INCOME, QUALIFYING SOME POSSIBLE HOME OWNERS.

BUT OBVIOUSLY THE CHALLENGE IS THE INTEREST RATES AND THE BACK END RATIOS FOR, YOU KNOW, BASED ON YOUR INCOME, YOU MAY NOT BE ABLE TO QUALIFY IN THE LONG RUN.

SO THEY'RE STILL WORKING WITH POTENTIAL HOME OWNERS FOR THAT.

AND MOVING ON TO THE PUBLIC SERVICES.

WE DID GET A REPORT FROM THE POLICE FOR THE AMOUNT THAT THEY RECEIVED FOR THE SUMMER YOUTH PROGRAM AND THE MELBOURNE POLICE ATHLETIC LEAGUE HAS 20,000 ON CONTRACT FOR ACTIVITIES WITHIN THE CITY OF PALM BAY AND SOUTH BREVARD WOMEN'S CENTER.

SO THOSE ACTIVITIES ARE GOING ON AND THEY ARE REQUESTING REIMBURSEMENTS.

UM. ARE WELL ON TRACK TO COMPLETE THEIR GRANTS BEFORE THE END OF SEPTEMBER 2020.

AND THIS IS JUST INFORMATION FOR NEXT YEAR.

WE'VE ALREADY SPOKEN ABOUT AWARDED FUNDS AND WE'VE DISCUSSED THIS PREVIOUSLY.

THE PUBLIC SERVICES THAT WE AWARDED FUNDS FOR THE UPCOMING FISCAL YEAR AND THEN FOR CDBG-CV ONE AND THREE, THE BALANCE IS REMAINING.

WE HAVE CONTRACTS WITH THOSE AGENCIES.

FOUR AGENCIES WITH THE BALANCE OF THE CDBG.

UH. I DON'T KNOW IF THERE'S ANY COMMENTS ON THE CDBG OR I CAN MOVE ON TO HOME FUNDS.

I JUST HAD A QUESTION ON THE DRAINAGE PROJECT.

THEY HAVE QUITE A BIT THAT THEY HAVEN'T EXPENDED.

AND ISN'T THAT EXPENDITURE DEADLINE SEPTEMBER 30TH? SO. ARE THEY GOING TO MAKE IT? SO BASICALLY WITH THE DRAINAGE, THEY DID SOME OF THE DESIGN, BUT WE'RE TRYING TO.

GET IT EXPENDED AS QUICKLY.

DID MEET OUR 1.5 EXPENDITURE.

HAVE A LITTLE BIT MORE TIME.

[00:45:01]

OKAY, GOOD. OKAY.

I KNOW THAT THAT DESIGN CONTRACT, I FEEL LIKE THAT WAS AWARDED VERY RECENTLY AND I HAD CONCERNS THAT THEY WERE GOING TO BE ABLE TO COMPLETE IT IN TIME.

SO IF THEY HAVE EXTRA TIME, THAT'S EVEN BETTER.

PERFECT. THEN MOVING ON TO HOME FUNDING.

SO WE DID.

WE ARE WORKING ON THE CONTRACT, ON THE AGREEMENT WITH MACEDONIA FOR THE TWO HOMES, FOR THE RENTAL FUNDING THAT YOU THAT YOU ALLOCATED THEM AT THE LAST MEETING THAT WE HAD.

SO WE WILL BE SUBMITTING THE MARKET ANALYSIS AND SUBSIDY LAYERING AND THE TEMPLATE AGREEMENT TO THE COUNTY BECAUSE THEY HAVE TO REVIEW IT BEFORE WE CAN GO TO CONTRACT WITH MACEDONIA. AND THE TARGET DATE FOR THE EXECUTION OF THE CONTRACT IS SEPTEMBER 30TH.

THEN I SPOKE EARLIER ON ABOUT THE TWO HOMES THAT WE HAVE WITH KAI THAT ARE COMPLETE ON WILLIAMS AND ON NORTHFIELD.

SHE WILL HAVE THEM READY, I THINK, AT THE END OF THIS MONTH.

THEY'LL BE BOTH COMPLETE.

SO SHE'S WORKING ON GETTING A POTENTIAL HOME BUYERS BY INCOME, QUALIFYING THEM, AND HOPEFULLY SHE'LL BE ABLE TO GET SOMEBODY INTO THOSE HOUSES.

AND FOR SHIP.

WE ARE PREPARING TO SUBMIT OUR SHIP ANNUAL REPORT TO THE STATE AND IT'S DUE ON SEPTEMBER 15TH.

WE ARE ON TRACK WITH THAT AND AT THE MOMENT WE HAVE TEN PROJECTS IN THE CONSTRUCTION PHASE AND NINE IN CLOSEOUT PHASE.

WE DO. WE ARE CONTINUING TO RECEIVE APPLICATIONS.

OUR WAITLIST WAS OPENED AND WE HAVE HAD A LOT OF HOMEOWNERS APPLYING ONLINE.

WE DO HAVE AN APPLICATION ONLINE, SO WE ARE RECEIVING A STEADY AMOUNT OF APPLICATIONS ON A REGULAR BASIS.

UM, HAVE FULLY EXPANDED THE 2021 FUNDS AND THEN FULLY ENCUMBERED THE 2122.

AND. NSP.

I TRANSFERRING THE PROGRAM INCOME FROM? GOING TO CANCEL, I THINK.

SORRY. SEPTEMBER THE 7TH.

I HAVE. QUESTIONS.

COMMENTS. GREAT THING TO ADD.

COUNCIL JOHNSON. COUNCIL MEMBER JOHNSON HAD REQUESTED THAT WE BRING FORTH TO COUNCIL A BUILDING PERMIT FEE REDUCTION PROGRAM FOR 100.

HOUSING. PROJECTS.

THAT'S A COUNCIL. 100%.

SO IT'S A BUILDING PERMIT FEE REDUCTION.

AFFORDABLE HOUSING.

COUNCILMAN. AN ADDITIONAL INCENTIVE.

QUESTIONS ON THE STAFF REPORT? YES, SIR. ON THE SHIP FUNDS.

I'M JUST CURIOUS.

OVER $1 MILLION WAS 1.3.

1.2. 1.3 JUST FOR THIS YEAR.

I HAVE NINE OUT OF.

PEOPLE. HOME AND.

ABSOLUTELY. SO BASICALLY WITH OUR SHIP PROGRAM, YOU HAVE TO OWN ALREADY THE HOME FOR AT LEAST A YEAR.

AND IF YOU'RE LOW INCOME OR YOU'RE ON A FIXED INCOME AND MAYBE YOU'RE ELDERLY OR YOU ARE DISABLED AND MAYBE YOU INHERITED THE HOME FROM A FAMILY MEMBER AND YOU CAN'T QUITE GET THE FUNDS AVAILABLE, OR MAYBE YOU JUST DON'T HAVE THE FINANCING TO FIX UP THOSE REPAIRS, YOU WOULD APPLY THROUGH OUR WAITLIST ONLINE AND THEN WE WOULD CALL YOU JUST TO DO LIKE AN INCOME CERTIFICATION.

YOU HAVE TO BE INCOME QUALIFIED AND YOU HAVE TO FALL BETWEEN THOSE AMI PERCENTAGES THAT WE WERE TALKING ABOUT EARLIER.

AND AFTER YOUR INCOME QUALIFIED.

THEN WE LOOK AT THE HOME HOW MUCH OF THE REPAIR BECAUSE IT'S $75,000 CURRENTLY PER LAP.

SO ONCE WE'VE DETERMINED THAT THE HOMEOWNER IS INCOME ELIGIBLE AND WE'VE DETERMINED THAT THE UNIT REPAIRS WILL NOT EXCEED $75,000 AND WE MOVE FORWARD WITH DOING THE CONSTRUCTION OR THE REHAB OF THE UNIT.

THE CITY HAS CONTRACTORS ALREADY ON HAND THAT WE'VE VETTED OR MADE SURE THAT THEY'RE CERTIFIED AND LICENSED.

[00:50:01]

WE DO THAT EVERY YEAR AND THEN WE PAY FOR THAT.

NOW THERE IS A MORTGAGE THAT'S PUT AGAINST THE PROPERTY FOR, AGAIN, AN AMOUNT OF TIME BASED ON HOW MUCH IS PUT INTO THE.

AND NOW I UNDERSTAND WHY THE BUDGETS ARE SO.

THANK YOU.

I'M NOT CERTAIN THAT THE DEVELOPER HAS OR WILL APPLY FOR SALE OR FOR SHIP.

ASKING FOR SHIP. HE WAS ASKING FOR SHIP FUNDING OF $100,000, WHICH IS IN OUR LAB.

WHICH WE. IF YOU'RE.

WHAT WAS YOUR QUESTION? LIKE THAT.

WHAT HE'S ASKING FOR IS NOT LIKE HOUSING REHAB.

SO WHAT? NO, NO. HE'S ASKING FOR THE DEVELOPER FOR MONEY TO DEVELOP AFFORDABLE HOUSING, WHICH IS UP TO $100,000 PER LAP.

OKAY, SO THAT'S A PROJECT TYPE IN THE LAP.

OKAY. IS.

JUST. OH.

RIGHT? ABSOLUTELY. WELL, WHAT WE CAN DO IS WE CAN EMAIL YOU A COPY OF OUR LAP.

THAT'S GOOD. JUST REDID OUR LAP AND I THINK WE HAD TWO MODIFICATIONS IN THE LAST YEAR.

SO AND BECAUSE IT'S A THREE YEAR PROGRAM, I DON'T WANT TO MISQUOTE OR SAY ANYTHING THAT'S NOT GOING TO BE RIGHT ON TARGET.

SO IF YOU DON'T MIND, LET ME REVIEW IT.

I'LL EMAIL IT TO YOU. AND IF YOU HAVE ANY QUESTIONS, WE'LL BE MORE THAN HAPPY TO ANSWER THEM.

OR IF YOU HAVE TIME, YOU CAN COME IN AND MEET WITH THEM AND THEY'LL GO OVER ALL THE PROGRAMS WITH YOU BECAUSE THEY ALL HAVE SO MANY RULES AND IT'S VERY CONFUSING.

SHIP THAT'S FUNDING FROM THE STATE, RIGHT? YES.

YEAH. SO THE CDBG COMES FROM THE FEDERAL SIDE.

IT'S GOT A LOT MORE REQUIREMENTS.

AND THEN THE REASON THEY ENDED UP WITH SO MUCH SHIP FUNDING THIS YEAR, SHIP FUNDING AT THE STATE LEVEL HAD BEEN TAPPED FOR YEARS AND YEARS AND YEARS IN THE STATE BUDGET, AND I THINK THEY FINALLY ARE PRIORITIZING THOSE PROGRAMS. SO WE GOT A LOT MORE OF THAT FUNDING THIS YEAR THAN HISTORICALLY THE CITY HAS RECEIVED.

THAT'S CORRECT, BECAUSE DURING THE PANDEMIC, THEY SWEPT THE FUNDS BECAUSE THEY WANTED TO PUSH.

YEAH, THEY WANTED TO PUSH ALL THE CORONAVIRUS FUNDING FROM THE FEDERAL LEVEL DOWN TO THE MUNICIPALITIES TO EXPEND.

SO THEY HELD BACK ALL THE SHIP FUNDING.

BUT RIGHT AFTER THEN IT SEEMS LIKE A WINDFALL, BUT IT IS ALL VERY CONFUSING.

SO IF YOU HAVE TIME OUT OF YOUR DAY, IT WOULD BE VERY BENEFICIAL TO COME IN AND THEY'LL GO OVER.

MY ONLY OTHER QUESTION REGARDING SHIPS.

SO JUST PROCESS WISE.

SO THIS INDIVIDUAL CAME IN AND JUST SUBMITTED AN APPLICATION, BUT THERE WAS NO LIKE RFP PROCESS.

OKAY. OKAY.

SO ARE YOU ASKING ABOUT RFP PROCESS FOR HOMEOWNERS? NO, I'M ASKING ABOUT THE CRYSTAL PALACE.

OH, YEAH. NO, NO, NO.

THAT WAS JUST HE CAME IN AND SAID, YEAH, YEAH, I NEED SOME MONEY.

SO IN THE CITY OF MELBOURNE THEY HAVE TO GO THROUGH AN RFP PROCESS AND IT'S COMPETITIVE.

EVEN THOUGH MAYBE HE WOULD HAVE BEEN THE ONLY APPLICATION.

BUT AT THAT POINT THERE'S AN APPLICATION REQUIRED WITH CERTAIN DOCUMENTATION THAT THEY HAVE TO SUBMIT AT THE TIME.

AGREED.

YEAH.

YEAH. STILL $100,000.

[00:55:08]

NO. UNDERSTOOD. YOU HAVE GREAT QUESTIONS.

YEAH, THAT'S WHY I JUST THINK SOME SORT OF, LIKE, RFP PROCESS AND I MEAN, REALLY, YOU CAN PUT OUT AN RFP AT ANY TIME.

IT DOESN'T NEED TO BE A SET TIME OF YEAR, BUT I THINK.

RIGHT, RIGHT. BUT I THINK AT SOME POINT YOU DON'T KNOW WHAT ELSE IS OUT THERE.

SO THIS ONE DEVELOPER, YOU KNOW, HE CAME WITH AN APPLICATION.

YOU DON'T YOU DON'T KNOW WHO ELSE MIGHT BE INTERESTED.

NOW, I KNOW WE DO HAVE A PROJECT COMING IN MELBOURNE RIGHT NOW THAT WE SPLIT THE FUNDING WITH THE COUNTY.

AND SO THEY WENT TO THE COUNTY AND THEY SAID, WE NEED THIS MUCH MONEY.

WE SAID, WE'LL GIVE YOU HALF, GO GET THE OTHER HALF FROM BREVARD COUNTY AND BREVARD COUNTY.

AGREED. SO WHEN THEY CAME TO MELBOURNE THEY KNEW EXACTLY HOW MUCH THEY NEEDED AND WHAT THEY WERE ASKING FOR.

AND THE COUNTY IS COST SHARING ON THE PROJECT.

SO I MEAN, I JUST.

CORRECT. NOW YOU'VE COMMITTED IT.

AND.

OTHER COMMENTS OR QUESTIONS.

GREAT DISCUSSION TONIGHT.

MR. JOHNSON, I DON'T WANT TO FORGET YOU.

IS HE STILL THERE? YEAH.

ANY ANY FINAL COMMENTS FOR US? YES, MA'AM. GO AHEAD.

SO AM I UNDERSTANDING THAT GOING FORWARD WHEN WE HAVE.

UM, A GENTLEMAN LIKE MR. DORA, WHO PRESENTS HIS PROJECT, THAT WE WILL BE REQUESTING THIS INFORMATION AS PART OF HIS PRESENTATION TO THIS BOARD GOING FORWARD SO THAT THEY'RE NOT HIS TIME ISN'T BEING WASTED EITHER.

UNDERSTOOD. UNDERSTOOD. I THINK I THINK THAT WAS THE CONSENSUS OF THE GROUP.

I.

I THINK I THINK THE DIRECTION AND THE CONSENSUS FROM THE BOARD WAS WAS PRETTY CLEAR.

ARE WE OKAY? I THINK.

WE'RE ON THE SAME PAGE.

YEAH. DO YOU HAVE POLICIES IN PLACE FOR HOW THOSE APPLICATIONS ARE PROCESSED THAT MAY BE LIKE INTERNAL PROCESSES THAT YOU COULD SHARE WITH THE BOARD? MAYBE WE HAVE A BETTER UNDERSTANDING WHEN SOMEBODY CALLS AND SAYS, I HAVE AN IDEA FOR A PROJECT YOU MAYBE GIVE US EVEN LIKE VIA EMAIL, JUST KIND OF STEP BY STEP, WHAT PROCESS ARE THEY GOING THROUGH? SO WE HAVE AN UNDERSTANDING, WOULD THAT BE HELPFUL? I CAN I CAN ADD TO THAT.

I MEAN, ANYBODY CALLS A FINANCIAL INSTITUTION, THERE'S AN EXPECTATION THAT THE PERSON'S GOING TO PRESENT CERTAIN INFORMATION AND THERE'S AN EXPECTATION THAT THAT INFORMATION IS GOING TO BE PRESENTED TO ASK FOR MONIES.

SO I THINK THE ISSUE OR THE CONCERN IS THAT WE'RE JUST NOT I DON'T KNOW IF THERE IT SOUNDED TO ME LIKE HE CAME HERE FIRST.

WE WERE HIS FIRST CHOICE.

WELL, SO HE HAS I DON'T THINK HE'S.

YEAH, I DON'T THINK HE'S.

SO WHEN HE GOES TO THE BANK HE'S GOING TO SAY, WELL I GOT $100,000 FROM PALM BAY, HE'S GOING TO GO TO THE COUNTY NEXT AND SAY BREVARD COUNTY, I GOT $100,000 FROM PALM BAY.

WHAT ARE YOU GOING TO DO? AND THEN HE'S GOING TO GO DOWN THE LINE.

I GOT.

I'M SORRY. I GOT THE IMPRESSION THAT HE HAD ALREADY GOTTEN A COMMITMENT FROM FANNIE MAE.

AND MY INTERPRETATION OF WHAT JUST TOOK PLACE WAS THAT HE WAS LOOKING FOR LITERALLY $100,000 AND MAKING THIS AN AFFORDABLE HOUSING PROJECT TO QUALIFY FOR THAT PARTICULAR FUNDING THROUGH FANNIE MAE.

THAT'S HOW I'D UNDERSTOOD THIS.

I'M A BANKER AND A MORTGAGE BANKER FOR 40 YEARS, SO I UNDERSTAND.

[01:00:17]

I WAS JUST TRYING TO UNDERSTAND IF THIS GENTLEMAN UNDERSTOOD WHAT HE NEEDED TO PRESENT TO US AND IF THAT AS A CITY, WHEN SOMEBODY DOES COME TO US, THAT WE ARE AGAIN PRESENTING THEM WITH THE RIGHT EXPECTATIONS.

I THINK THAT'S THE ONLY THING THAT WE'RE DISCUSSING HERE THAT.

WE DON'T WANT TO WASTE HIS TIME. AND.

THANK YOU. THE OTHER COMMENTS OR QUESTIONS THIS EVENING.

ALL RIGHT. I'M GOING TO ADJOURN THE MEETING AT 703.

THANK YOU, GUYS. EVERYONE STAY DRY.

* This transcript was compiled from uncorrected Closed Captioning.