[00:00:02]
HI. WELCOME, EVERYBODY TO THE CITIZENS ACCOUNTABILITY TASK FORCE FOR THIS MEETING OF THURSDAY,
[CALL TO ORDER]
SEPTEMBER THE 10TH, 2026 AT 6 P.M.. CALLING THIS MEETING TO ORDER.FIRST ORDER OF BUSINESS IS THE PLEDGE OF ALLEGIANCE.
I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.
THANK YOU, SIR. ALL RIGHT. SO WE'LL START OFF WITH THE ROLL CALL.
THANK YOU, MR. STEIN. MR. RANDALL, PRESENT. VICE CHAIR.
FELIX CHAIR STORY HERE. MR. PRESIDENT, MR. PRESIDENT, MR. PRESIDENT, THANK YOU. ALL RIGHT. SO FIRST ORDER OF BUSINESS IS TO APPROVE THE APPROVAL OF THE MINUTES
[APPROVAL OF MINUTES]
FROM THE MEETING OF THE 2026. AUGUST 3RD, 2026 TO HAVE A MOTION TO ACCEPT.I'LL MAKE A MOTION TO APPROVE THE MINUTES AS WRITTEN.
SECOND. HERE A SECOND. ALL RIGHT. ANY DISCUSSION? ALL RIGHT. IF GO AHEAD AND PUT IT TO VOTE. ALL IN FAVOR, SAY AYE.
AYE. AYE. OPPOSED? SAY NAY. PASSES UNANIMOUSLY.
[PUBLIC COMMENTS]
ALL RIGHT. THE PUBLIC COMMENT SECTION IS OPEN.ANYONE FOR. YEP. COME ON DOWN. STATE YOUR NAME, ADDRESS AND.
AIR YOUR GRIEVANCES. DO YOU WANT ME TO HELP HIM OUT WITH THAT? BILL BATTEN, 586 OCEAN SPRAY STREET, SOUTHWEST. I HAVE TWO ITEMS I'D LIKE TO BRING UP.
THE FIRST ONE WAS IN THIS WITH THE CITY LAWSUITS.
WHAT IS THE EXTENT OF OUR INSURANCE OR WAS IT ALL 100% SELF-INSURED? BECAUSE WE'RE ALREADY IN TIGHT BUDGET, IT COULD BE DETRIMENTAL TO THE CITY.
WE MIGHT HAVE TO START CONSIDERING TAKING ON INSURANCE.
THE SECOND ITEM WAS LAST NIGHT AT A BUDGET WORKSHOP.
AT THE BUDGET VOTE, A TOPIC CAME UP THAT REALLY MADE ME CRINGE IN MY SEAT.
AND IT WAS WHEN THEY'RE TRYING TO SAVE THE POOL.
ONE OF THE BIGGEST THINGS THAT HURT THE CITY OF PALM BAY, WHEN PEOPLE WOULD COME DOWN HERE TO LOOK, TO SEE IF THEY'RE GOING TO BUILD A HOUSE OR LIVE HERE, THEY HIT DETERIORATED ROADS THAT WERE SO BAD THEY COULDN'T DRIVE ON THEM.
BUT IF WE LET THE ROADS FAIL IN ORDER TO SAVE A POOL, WE'RE GOING BACKWARDS.
GOT TO KEEP THE INFRASTRUCTURE UP IN ORDER TO KEEP THE CITY RUNNING.
THANK YOU. THANK YOU. I DON'T KNOW THE ANSWER TO THAT.
SO I DO. THIS IS A DIFFERENT USUALLY BILL TELLS ME THE ANSWER.
BUT ACTUALLY WE'LL TALK ABOUT THE IN THE ANNUAL COMPREHENSIVE FINANCIAL REPORT.
IN THE NOTES SECTION, THERE'S A VERY DETAILED EXPLANATION OF INSURANCE ON THEIR AND WHILE THE CITY MAY BE SELF-INSURED THE CITY DOES PURCHASE REINSURANCE TO COVER ANY SORT OF CATASTROPHIC ISSUES, BUT MORE DETAILS ARE ACTUALLY IN THE FINANCIAL STATEMENTS.
THANK YOU. ALL RIGHT. SEEING NO ADDITIONAL PUBLIC COMMENT, WE'LL CLOSE THE PUBLIC COMMENT SECTION.
[NEW BUSINESS]
MOVING TO NEW BUSINESS. FIRST ORDER OF BUSINESS IS REVIEW OF THE ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDING SEPTEMBER 30TH, 2025. THANK YOU, MISTER CHAIR. THE TASK FORCE, IF I TURN MY MIC ON ON THERE, I'VE PREPARED A MEMORANDUM AND I HAVE A POWERPOINT PRESENTATION TO WALK YOU THROUGH.IT WON'T BE LONG. BUT WE'VE BEEN TALKING FOR THE LAST COUPLE OF MEETINGS ABOUT THE, THE ANNUAL COMPREHENSIVE FINANCIAL REPORT. THIS IS BASICALLY THE FINANCIAL STATEMENTS OF THE CITY.
THEY ARE PREPARED AFTER THEY'RE PREPARED IN AFTER THE BOOKS
[00:05:07]
HAVE CLOSED. SO CURRENTLY THE FOR THE YEAR ENDING SEPTEMBER 30TH.AND YOU'LL REMEMBER WE ARE ON A FISCAL YEAR GOING FROM OCTOBER 1ST TO SEPTEMBER 30TH.
THE BOOKS GET PREPARED AND THE, IN THIS PARTICULAR CASE, WE'RE STILL WAITING ON THE SEPTEMBER 30TH.
25 ONES. THAT'S WHY WE DIDN'T HEAR THIS LAST MONTH OR THE MONTH BEFORE.
THOSE STILL ARE NOT READY. THE OUTSIDE AUDITORS ARE STILL WORKING ON THEM.
THAT'S NOT INDICATIVE OF ANY PROBLEMS. IT IS JUST AN ISSUE OF WORKLOAD.
OTHER SO WHAT I THOUGHT I WOULD DO, BECAUSE I REALLY FEEL IT'S IMPORTANT TO TALK ABOUT THE ACFR IS TO RUN YOU THROUGH THE 2024, THE DOCUMENT THAT ENDED SEPTEMBER 30TH, 24. I SENT YOU EVERYBODY, A LINK TO THAT, TO THE DOCUMENT BECAUSE IT'S SEVERAL HUNDRED PAGES LONG. AND JUST WOULD NOT, YOU KNOW, REALLY FIT FOR THE AGENDA PURPOSES.
BUT YOU DON'T, YOU DON'T REALLY NEED IT IN FRONT OF YOU TONIGHT.
BUT IT MAY BE A GOOD DOCUMENT FOR YOU TO GO BACK TO, AS I'VE OUTLINED IN THE, IN THE MEMO.
NOW THIS IS WHERE I GO ANYTIME I'M LOOKING AT A CITY'S FINANCIAL CONDITION.
AND SO WHAT I'D LIKE TO DO IS SORT OF WALK YOU THROUGH WHAT THOSE NOTES LOOK LIKE AND, AND THINGS THAT YOU SHOULD LOOK AT WHEN WE GET TO WHEN WE GET TO 25. SEPTEMBER 30TH 25 DOCUMENT BEFORE YOU.
SO WITH THAT I'M, YOU CAN GO THROUGH SOME OF THIS.
I WANT TO BE CONSCIOUS OF TIME. WE TALKED ABOUT THE STATUS.
SO THE FIRST NOTE THAT WE HAVE IS SOME, WHAT WE CALL THE SUMMARY OF, OF ACCOUNTING POLICIES.
AND THIS IS GOING TO TALK ABOUT THE PERIOD OF TIME, WHAT HOW THINGS ARE CAPITALIZED, WHAT MILLAGE IS, WHAT FUND BALANCES AND SO FORTH. IT'S ALL PRETTY STANDARD AND ACADEMIC.
AND IT DOESN'T CHANGE FROM YEAR TO YEAR. OR GET BACK TO MY NOTES HERE.
WHAT IN THIS PARTICULAR DOCUMENT, WHAT THE CLASSIFICATION SHOWED WAS HOW MUCH MONEY THERE IS.
AND, AND IN DIFFERENT VARIOUS TIME FRAMES OF THE ACCUMULATION OF THE MONEY.
I WANT TO GET INTO SOME OF THE MEATIER STUFF THOUGH, AND THAT IS YOU KNOW, DEFICIT FUNDS, DEPOSITS AND INVESTMENTS THAT YOU'RE GOING TO SEE AS WELL AND RECEIVABLES AND SO FORTH.
SO AGAIN, ALL THESE ARE IN YOUR PACKAGE. I'M NOT GOING TO GO OVER THEM AGAIN, BUT I WANT TO GET TO THIS SPECIFIC NOTES THAT I THINK ARE THINGS YOU SHOULD BE LOOKING FOR. AND I PASSED OVER THIS ONE, THE RESTRICTED THE RECEIVABLES, RESTRICTED ASSETS AND INTERFUND TRANSFERS. SO YOU WILL NOTE THAT DOWN ON THE BOTTOM OF THIS PRESENTATION, WHAT I SUGGEST THAT YOU LOOK FOR IN THE FISCAL 25 ON THERE.
AND THAT IS THE THE SIZE OF THE UTILITY PAYMENT IN LIEU OF TAXES.
SO THIS WILL BECOME EXTREMELY CRITICAL IF AMENDMENT THREE PASSES.
SO AS YOU KNOW, AMENDMENT THREE WOULD ELIMINATE A GOOD CHUNK OF PROPERTY TAXES.
ONE OF THE REVENUE SOURCES THAT IS IN PLAY IS STILL THE AMOUNT OF MONEY THAT COMES BACK FROM THE ENTERPRISE FUND UTILITY IN FORM, IN THE FORM OF A PAYMENT IN LIEU OF TAXES ON THERE.
THIS IS CRITICAL BECAUSE YOU NEED TO UNDERSTAND THAT THE UTILITY, THE ENTERPRISE FUND, IS NOT JUST AN ENDLESS POT OF MONEY, RIGHT? YOU HAVE OBLIGATIONS. YOU HAVE TO PROVIDE ENOUGH MONEY TO TURN THE WATER ON.
YOU HAVE TO PROVIDE ENOUGH MONEY TO PUMP AND TREAT SEWAGE ON THERE.
AFTER YOU HAVE DONE THAT. YOU CAN RECOVER CERTAIN AMOUNTS OF MONEY, ONE OF WHICH IS WHAT THE VALUE THAT THE UTILITY WOULD PAY IF IT WERE A PRIVATE UTILITY. AND WE CALL THAT A PAYMENT IN LIEU OF TAXES.
A PRIVATE UTILITY. AND AN EXAMPLE IN THE ELECTRIC WORLD IS FPL.
THEY HAVE TO PAY PROPERTY TAXES ON THE VALUE OF THEIR PLANT INSIDE THE CITY OF PALM BAY.
[00:10:07]
THE CITY'S UTILITY DOESN'T HAVE TO PAY PROPERTY TAXES BECAUSE IT'S A GOVERNMENTAL ENTITY.AND BECAUSE OF THAT, THE CITY CAN RECOVER A PAYMENT IN LIEU OF TAXES.
IT'S VERY IMPORTANT THAT THE CITY UPDATES THE VALUE OF THE PLANT CONTINUALLY.
SO AS MORE LINES GO IN THE GROUND, AS MORE LIFT STATIONS GET BUILT, THERE'S MORE PHYSICAL PLANT.
THAT PLANT HAS VALUE. AND THAT VALUE IS IS SUBJECT TO A PAYMENT IN LIEU OF TAXES.
DOES THAT MAKE SENSE ON THERE? SO JUST LIKE F, P, AND L PAYS FOR ALL THEIR PLANT INSIDE THE CITY, YOU WANT TO MAKE SURE THAT THE UTILITY IS PAYING THEIR FAIR SHARE.
BUT IT CAN'T BE JUST ARBITRARY. IT'S A FORMULA.
WHAT'S THE VALUE OF THE UTILITY. WHAT'S THE MILLAGE.
AND THAT'S THE AMOUNT THAT YOU CAN MOVE OVER.
CAN I ASK A QUICK QUESTION? YES, SIR. THE POOL IS A MAJOR ISSUE RIGHT NOW.
BUT YOU I BELIEVE YOU WERE HERE AT THE TIME. BUT THE POOL DOESN'T BELONG TO PALM BAY.
THE PROPERTY. I BELIEVE IT BELONGS TO THE COLLEGE.
WHICH WOULD MAKE IT. WHICH WOULD MAKE IT TAXABLE, I BELIEVE.
NO, COLLEGE IS TAX EXEMPT. OKAY. BECAUSE IT'S A STATE COLLEGE, NOT A PRIVATE COLLEGE.
CORRECT. OKAY. AND EVEN PRIVATE COLLEGES HAVE SOME EXEMPTIONS ASSOCIATED.
BUT CLEARLY, BECAUSE IT'S A STATE, YOU CAN'T TAX THE SOVEREIGN.
IS THE IS THE CONCEPT. AND YOU CAN'T YOU CAN'T PUT ASSESSMENTS ON THE SOVEREIGN EITHER.
AND THE COUNTY, BY THE WAY, IS AN EXTENSION OF THE SOVEREIGN.
THERE ARE EXTENSIONS OF THE OF THE STATE. AND SO THEY ENJOY THE SAME PROTECTIONS AS THE STATE DOES.
OKAY. NEXT SLIDE. CAPITAL ASSETS AND CONSTRUCTION COMMITMENTS.
SO THIS BASICALLY LISTS ALL THE ALL THE CAPITAL ASSETS THAT ARE IN THE SYSTEM.
IF THE COMMITMENTS ARE BEING DRAWN DOWN OR THE PROJECTS ARE SLIPPING IN.
THEY'RE SLIPPING THE GROWTH IN THE REMAINING COMMITMENTS ON THE SAME PROJECTS, WHICH SIGNALS COST ESCALATION AND WHETHER INFRASTRUCTURE ADDITIONS WILL STILL EXCEED DEPRECIATION. SO ESPECIALLY IMPORTANT ON THE UTILITY IS TO MAKE SURE THAT THE PLANT THAT'S THE TREATMENT PLANTS, THE PRODUCTION PLANTS, AS WELL AS THE LINES AND THE PUMPS AND EVERYTHING TO GET WATER TO AND FROM AND SEWAGE BACK TO THE PLANT THAT THEY'RE DEPRECIATING AND THEY'RE DEPRECIATING BOTH IN DOLLAR VALUE AND IN CONDITION.
SO THIS IS SOMETHING TO CONTINUE LOOKING FOR.
THE THE FINANCIAL STATEMENTS THAT I LOOKED AT, YOU KNOW, SHOW PRETTY GOOD CONDITION, BUT THERE'S SOMETHING YOU WANT TO MONITOR MOVING FORWARD. LONG TERM DEBT. THERE'S ABOUT $321 MILLION IN GOVERNMENTAL LONG TERM LIABILITY, OF WHICH 146 MILLION IS GENERAL OBLIGATION BONDS.
AND THIS MEANS THAT YOU HAVE TO MAKE YOUR DEBT PAYMENT.
IT'S ABOUT $14.5 MILLION EVERY YEAR. DEBT PAYMENTS COME RIGHT OFF THE TOP RIGHT.
IF YOU DON'T MAKE YOUR DEBT PAYMENTS, YOU GO INTO DEFAULT, YOU GO INTO DEFAULT.
THE CITY HAS LOTS OF PROBLEMS. NEVER BE ABLE TO BORROW INTEREST TO BORROW.
WHAT YOU CURRENTLY HAVE WOULD START SKYROCKETING.
AND AND THAT'S A PROBLEM. SO THE JUST TO LOOK FORWARD IS THAT YOU HAVE SOME STATE REVOLVING FUNDS FOR THE UTILITY. THAT'S GOING TO INCREASE THE DEBT SERVICE COVERAGE AND ANY NEW BORROWING.
AND I THINK THERE'S BEEN SOME DISCUSSION FOR UTILITY BORROWING IN THE FUTURE.
THAT THAT THIS WOULD HAVE AN EFFECT ON THAT. I HAD A QUESTION ALONG THOSE LINES.
WHEN YOU IS THAT GENERAL OBLIGATION BONDS. BONDS WHEN YOU USE THE UTILITY PAYMENTS AS THE GUARANTEE ON THE BONDS. NO, NO. BUT ALL YOUR ALL YOUR DEBT IS INCLUDED IN ONE NOTE, BUT IT'S NOT CROSS COLLATERAL.
SO THE UTILITIES WOULD ACTUALLY COME OUT OF THE ENTERPRISE FUND.
[00:15:03]
CORRECT. OKAY. RIGHT. AND THAT'S WHY YOU HAVE TO HAVE RATES IN A CERTAIN PLACE TO MAKE SURE YOU HAVE ENOUGH, WHAT WE CALL DEBT SERVICE COVERAGE. RIGHT. YOU USUALLY HAVE TO HAVE, YOU KNOW, 1.2% OR 1.2 TIMES YOUR ANNUAL DEBT SERVICE IN THAT YOU CAN SHOW THAT THAT'S AVAILABLE FOR, FOR PAYMENT.1.2 USUALLY 1.2 COULD BE 1.5. I'VE SEEN AS LOW AS 1.1, BUT STANDARD IS ABOUT ONE 1.2%. DEBT SERVICE COVERAGE. DID I HEAR WE HAVE ONE BOND ISSUE FOR 14 MILLION? LIKE DO WE CONSOLIDATE OR IS THAT OR IS THAT DID I HEAR IT? NO, NO. THAT'S ALL YOUR THAT'S ALL THE COMBINED DEBT.
OKAY. SO ARE THERE ANY SCHEDULES FOR. OF COURSE, INTEREST RATES ARE NOT AS FANCY AS THEY USED TO BE.
BUT HAVE WE REFINANCED HAD OPPORTUNITIES TO REFINANCE IN THE PAST.
SO. I KNOW IT'S STANDARD PRACTICE AND I'M SURE IT'S THE PRACTICE HERE TO LOOK AT ALL YOUR DEBT AT LEAST ANNUALLY TO, AND BRING IN AN OUTSIDE FINANCIAL ADVISOR TO RUN THE NUMBERS.
AND THAT'S USUALLY DONE AT NO CHARGE TO LOOK AT ALL THE DEBT TO SEE IF THERE'S OPPORTUNITIES TO RESTRUCTURE OR TO REFINANCE THE DEBT ON THERE. AND, YOU KNOW, THAT'S A PRETTY ROUTINE.
YEAH, IT WAS A LOT EASIER 4 OR 5 YEARS AGO. RIGHT? I MEAN, USUALLY IF, YOU KNOW, IF YOU ISSUE DEBT NOW, WHEN INTEREST RATES ARE HIGH, YOU CAN PRETTY MUCH LOOK 4 TO 5 YEARS OUT ABOUT REFINANCING IF THE DEBT DROPS OR IF INTEREST RATES DROP DOWN.
THANK YOU. OKAY. I KNOW THIS TOPIC IS IS THE PASSION OF AT LEAST ONE MEMBER ON HERE. PENSIONS AND AND OTHER POST-EMPLOYMENT BENEFITS.
LET ME TALK ABOUT POST-EMPLOYMENT BENEFITS FOR A SECOND AND MAKE SURE YOU UNDERSTAND WHAT THOSE ARE.
WHEN EMPLOYEES RETIRE THEY ARE ENTITLED TO CONTINUE CERTAIN BENEFITS AT DIFFERENT RATES THAN ARE BEING CHARGED EMPLOYEES. BUT I'LL GIVE, I'LL GIVE YOU THE EXAMPLE AND IT'S HEALTH INSURANCE.
SO BY STATE LAW, ANY EMPLOYEE THAT WAS EMPLOYED HERE WHEN THEY RETIRE THEY CAN CONTINUE TO PARTICIPATE IN THE GROUP HEALTH INSURANCE. NOW THERE'S WHAT THERE'S ARE THINGS CALLED DIRECT SUBSIDIES AND INDIRECT SUBSIDIES. INDIRECT SUBSIDIES ARE THE FACT THAT IF I'M A RETIREE OF THE CITY OF PALM BAY AND I AM 70 YEARS OLD ON THEIR HEALTH INSURANCE OR MY MEDICAL BILLS ARE GOING TO BE A LITTLE BIT HIGHER THAN SOMEBODY WHO IS ACTIVELY WORKING HERE WHO IS 35 YEARS OLD. RIGHT. AT LEAST THAT'S WHAT THE ACTUARIES WILL SAY.
THE FACT THAT I AM PAYING IN A HEALTH INSURANCE PLAN, A GROUP HEALTH INSURANCE PLAN THAT IS PART OF THE SYSTEM WHERE A 35 YEAR OLD AND A 70 YEAR OLD CAN PARTICIPATE. THE.
THAT HELPS BRING DOWN THE COST FOR THE 70 YEAR OLD AND RAISES THE COST FOR THE 35 YEAR OLD.
IT'S JUST GROUP DYNAMICS. THE FACT THAT IT'S.
I'M IN THAT GROUP THAT'S CALLED AN INDIRECT SUBSIDY.
SO INSTEAD OF ME PAYING WHAT MY ACTUAL HEALTH INSURANCE COSTS WERE, EVEN IF I'M PAYING 100% OF THE PREMIUM, IT'S STILL LESS THAN I WOULD PAY IF I WENT ON THE MARKET AND BOUGHT MY PLAN.
ARE THERE. AND SO THAT'S, THAT HAS TO BE REPORTED.
AND YOU'LL SEE THERE IN A NOTE. NOW THERE'S GOING TO BE WHAT AN AMOUNT THAT'S UNFUNDED.
BUT YOU HAVE TO SHOW YOU HAVE TO PAY AS YOU GO ON THERE.
YOU CAN'T CHANGE THAT AS LONG AS YOU'RE OFFERING HEALTH INSURANCE.
FORGET WHAT THE EMPLOYEE ACTUALLY PAYS FOR A SECOND.
THAT'S PROBABLY CLEAR AS MUD, BUT THAT'S BASICALLY WHAT AN OPEB IS.
AND AS A RETIREE ON A COBRA, NO PREMIUM OR NO, THE RETIREE CAN PARTICIPATE.
AND USUALLY THEY PAY 100% OF THEIR PREMIUM. RIGHT.
[00:20:01]
BUT BUT BECAUSE IT'S IN A GROUP PLAN AND OLDER EMPLOYEES ARE BASICALLY GETTING A SUBSIDY ON THEIR. THAT'S WHAT YOU HAVE TO DISCLOSE. OKAY.WELL, HERE. YEAH. IT MAY BE SUBJECT ALSO TO COLLECTIVE BARGAINING ON WHAT RETIREES PAY.
I DON'T KNOW IF THEY. THEY PAY 100%, BUT NOT EVERY CITY DOES, INCLUDING SOME CITIES IN BREVARD WHERE THEY'RE SUBSIDIZING THE RETIREE WITH ACTUAL DOLLARS. OKAY. OKAY. OTHER THAN THAT, I WANTED TO POINT OUT YOUR YOUR POLICE AND FIRE PENSIONS.
THE YOU HAVE A, WHAT'S A LIABILITY IN THESE PENSIONS? AND THIS IS A BIG NUMBER, RIGHT? THERE'S WHAT WE CALL AN UNFUNDED LIABILITY AND WHY THE UNFUNDED LIABILITY IS IMPORTANT IS THAT YOUR PENSION PLAN HAS AN ASSUMED RATE OF RETURN, AN ACTUARIAL ASSUMED RATE OF RETURN SOMEWHERE BETWEEN 6% AND 8%.
IF THE PLAN DOESN'T EARN THAT, YOU HAVE TO YOU HAVE TO PAY.
WELL, BACK UP FOR A SECOND. YOU HAVE AN UNFUNDED LIABILITY.
THINK OF A MORTGAGE. I HAVE A HOUSE, AND IT HAS A 30 YEAR MORTGAGE.
OKAY, SO YOU HAVE PRINCIPAL AND INTEREST THAT YOU'RE PAYING EVERY YEAR.
AND IF IT'S BETWEEN 6 AND 8% AND LOST MY SLOT.
THE CITY NEEDS TO INVEST IN A NEW SYSTEM HERE.
IT DOESN'T TIME OUT, BUT THE IF THE IF THE RATE OF RETURN IS MORE THAN WHAT THE PLAN IS ACTUALLY EARNING, THEN YOU'VE GOT TO PAY THE DIFFERENCE, RIGHT? EVERY YEAR YOU HAVE TO MAKE THE PLAN ACTUARIALLY ACTUARIALLY SOUND AND YOU HAVE TO PAY THE INTEREST ON THE UNFUNDED LIABILITY.
SO IF MY PLAN IS SUPPOSED TO EARN 7% AND UP AND I'M ONLY EARNING 5%, I'M STILL PAYING 7% INTEREST ON THAT PLAN. LET ME. OKAY. WHEN YOU PUT IN 20 YEARS.
I WOULD THINK I WAS READING. IN OTHER WORDS, IT WAS 30 YEARS.
WELL, SO IT DEPENDS ON THE PENSION PLAN, RIGHT? TRADITIONALLY, POLICE AND FIRE HAVE EARLIER RETIREMENT AGES FOR BECAUSE IT'S, IT'S A PHYSICALLY DEMANDING JOB. RIGHT? AND YOU DON'T NECESSARILY WANT, YOU KNOW, A PERSON WHO WELL, I DON'T WANT TO GET INTO ANY AGE ISSUES, BUT THE OLDER YOU GET I MEAN, WE SEE THIS IN THE MILITARY ON THEIR MILITARY MEMBERS WHO ARE OLDER HAVE LESS PHYSICAL STANDARDS THAN A 22 YEAR OLD RECRUIT INTO THE NAVY ON THERE. AND BECAUSE AS YOU GET OLDER, YOUR ABILITY TO EXERT MAY DIMINISH.
SO YOU DON'T NECESSARILY WANT YOU KNOW, INDIVIDUALS WHO ARE NOT AT PEAK PHYSICAL PERFORMANCE.
SO THERE'S A, THERE'S A DESIRE, A PUBLIC PURPOSE IN LETTING PEOPLE RETIRE EARLIER ON THERE.
SO TRADITIONALLY, BUT IF YOU REACH SO MANY YEARS, YOU'RE ELIGIBLE AT AN EARLIER AGE OR IS IT LIKE A YEAR IN TIME SERVED OR AGE AND TIME SERVED.
AND WE HAVE DIFFERENT MONEY WHEN YOU RETIRE. OR DO YOU HAVE TO WAIT LIKE THE REST OF US TO.
NO, IT'S NOT LIKE SOCIAL SECURITY. WHEN YOU RETIRE, YOU GET YOUR.
YOU GET YOUR MONEY TO YOU. AND YOU GENERALLY START GETTING IT IN AN ANNUITIZED FORMAT.
ON THERE, THERE ARE SOME EXCEPTIONS. THERE'S A PROGRAM CALLED DROP DEFERRED RETIREMENT ON THERE.
SO I CAN BASICALLY SAY I'M GOING TO RETIRE IN, I'M GOING TO LEAVE THE CITY IN EIGHT YEARS AND I CAN START GETTING MY RETIREMENT BENEFITS NOW, BUT I HAVE TO LEAVE IN THE EIGHT YEAR OR FOUR YEAR PERIOD OF THE ON THERE.
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I THOUGHT IT WAS I THOUGHT DROP WAS WHEN YOU YOU'RE TIRED.YOU'RE TECHNICALLY STARTED EARNING A SECOND RETIREMENT, BUT AT A DIFFERENT RATE.
NO. NOPE. YOU'RE BASICALLY NOT GETTING ANY MORE RETIREMENT BENEFITS.
YOU'RE RETIRED. FROM FROM A PURPOSE OF THE PENSION.
ONE OTHER THING IS WE HAVE SEVERAL TIERS. IT'S NOT ALL THE SAME.
AND IT'S DIFFERENT FOR GENERAL EMPLOYEES. GENERAL EMPLOYEES NOW ARE IN THIS IN A 401 PLAN, IF I RECALL. YEAH. YEAH. 401 AYE WHICH IS A GOVERNMENT 401 PLAN.
I CAN'T I'M JUST GOING BACK TO THE INSURANCE.
SO WE HAVE 23 CURRENT CURRENTLY AS OF YESTERDAY, WE HAVE 23 RETIREES THAT ARE PARTICIPATING.
AND I BELIEVE IF YOU ARE 55 OR OLDER WITH FIVE YEARS OF SERVICE THAT MAKES YOU ELIGIBLE AS A RETIREE AND YES, THEY RETIREES PAY THE 100% OF THE PREMIUM, BUT THEY DO TAX THE SYSTEM IF THEY HAVE SEVERE HEALTH ISSUES, RIGHT? AND THAT'S THE, THAT'S TAXING THE SYSTEM IS WHAT CREATES THE INDIRECT SUBSIDY.
OKAY. AND OKAY, SO THE NEXT NOTE. WHICH IS NOTE TEN TALKS ABOUT THE RESTRICTED NET POSITION. SO IN THIS PARTICULAR CASE, THE NET HOW MUCH MONEY IS IS OF IS IN RESERVES FOR ALL PRACTICAL PURPOSES IS ABOUT 101 MILLION.
IN GOVERNMENTAL ACTIVITIES AND ABOUT 73 MILLION IN THE BUSINESS ENTERPRISE ACTIVITIES, WHICH IS SIMILAR TO THE WATER BUSINESS TYPE ACTIVITIES OR THE WATER AND SEWER FUND HERE.
INSIDE THE GOVERNMENTAL, THERE'S ABOUT $20 MILLION OF MONEY THAT'S SITTING IN THE BUILDING FUND THAT HAS TO BE USED FOR ENFORCEMENT OF THE FLORIDA BUILDING CODE.
ON THERE, THERE'S ABOUT $285,000 THAT'S LEFT OVER FROM AN OPIOID OPIOID SETTLEMENT THAT ALL THE CITIES AND COUNTIES IN THE STATE PARTICIPATED IN. SO JUST, I DON'T WANT YOU TO THINK THAT THERE ARE LARGE BALANCES HERE THAT YOU CAN JUST GO SPEND MONEY ON. A LOT OF THEM ARE RESTRICTED FOR VARIOUS PURPOSES LIKE THE BUILDING FUND AND THE OPIOID.
SO ONE THING TO TO PAY ATTENTION TO IS WHETHER THE OPIOID SETTLEMENT FUNDS ARE BEING SPENT AND WHETHER THE BUILDING FUND DOLLARS ARE CONTINUING TO GROW OR NOT. NEXT. RISK MANAGEMENT, EMPLOYEE HEALTH INSURANCE.
WE SORT OF TALKED ABOUT THIS FOR A BRIEF SECOND.
BUT THE CITY DOES OFFER ITS EMPLOYEES HEALTH INSURANCE.
EITHER IT'S SELF-INSURED BOTH FOR WORKER'S COMP AND FOR EDITOR FOR THE THE GENERAL AUTO AND LIABILITY CLAIMS ON THERE, THERE IS REINSURANCE ON THEIR LAST YEAR OR I'M SORRY, THE YEAR FOR THIS. SO TWO YEARS AGO, THE LIABILITY WAS ABOUT $3.8 MILLION.
AND BECAUSE IT'S SELF-INSURED, THE CITY HAS TO LOOK AT INCURRED BUT NOT REPORTED CLAIMS. AND BY THIS WE MEAN THAT YOU HAVE TO PUT ASIDE MONEY BASED UPON PAST TRENDS FOR INCIDENTS THAT MAY HAVE OCCURRED, BUT YOU'RE NOT AWARE OF YET.
SO SOMEBODY MAY FILE A CLAIM A YEAR OR TWO YEARS DOWN THE ROAD.
YOU DON'T KNOW ABOUT THAT CLAIM YET. ARE THERE, BUT YOU HAVE TO, BASED UPON PAST TRENDS, RESERVE SOME MONEY FOR THE INCURRED BUT NOT REPORTED DOLLARS. SO THE CITY WAS SELF-INSURED ON THEIR, YOU KNOW, YOU CAN TAKE A LOOK AT THE TABLES THAT ARE WITHIN THIS NOTE AND IT WILL SPELL OUT ALL THE INSURANCE COVERAGE THAT THE CITY HAS AND FOR WHAT TYPES OF CLAIMS. COMMITMENTS AND CONTINGENCIES, TAX ABATEMENTS.
[00:30:01]
THESE ARE BASICALLY THE GRANTS THAT YOU'RE GETTING.PLUS ANY SORT OF UNSPENT BALANCES THAT ARE OUT THERE, PLUS ANY LITIGATION DOLLARS THAT YOU HAVE TO PUT ASIDE FOR THINGS THAT, YOU KNOW. SO THIS IS ALWAYS FUN TO LOOK AT BECAUSE IT ALWAYS TELLS YOU WHAT THE ATTORNEYS ARE SORT OF LOOKING AT AS WELL.
YOU HAVE TO PUT SOME MONEY ASIDE IN HERE AS WELL FOR THOSE ABATEMENTS WHEN THEY COMPANIES COME IN AND APPLY FOR IT. NOTE 15 TELLS YOU ABOUT NEW RULES THAT THE CITY HAS TO COMPLY WITH IN TERMS OF HOW IT DISCLOSES DIFFERENT BOOKS.
ON THERE THE ONE TO WATCH REALLY FOR FOR PALM BAY IS GATSBY 102.
THAT WOULD BE A SUBSTANTIAL IMPACT WITHIN THE NEXT 12 MONTHS OF ISSUANCE.
SO BY THAT YOU'RE LOOKING AT BASICALLY SAYING, WELL, THE BEST EXAMPLE IS PROPERTY TAX. SO YOU HAVE A LOT OF REVENUE THAT IS COMING FROM PROPERTY TAX.
QUICK QUESTION ABOUT THE TAX ABATEMENT. IS IT GENERALLY A STANDARD WHERE TO APPLY THE FOR THE TAX ABATEMENT, YOU HAVE TO MEET A CRITERIA OF SO MANY POSITIONS, SOME, YOU KNOW, SOME SORT OF REQUIREMENT TO.
YEAH. OKAY. SO AND YOU BASICALLY GET A CERTAIN AMOUNT OF MONEY BACK FOR EVERY POSITION THAT YOU FILL AND IT THEY HAVE TO APPLY TO THE CITY. THE CITY COUNCIL HAS TO APPROVE, APPROVE THE PROJECT.
AND IT'S NOT 100% ABATEMENT. IT'S, I THINK IN BREVARD COUNTY, IT'S 10% ABATEMENT.
THE CITY HAS WE HAVE OUR OWN CRITERIA AND SCORING SHEET.
AND I THINK THE MAXIMUM WE HAVE RIGHT NOW MIGHT BE 75%.
I DON'T THINK WE HAVE 100%. L3 HARRIS HAS ONE THAT'S GOING TO DROP OFF THIS YEAR COMING AND KICK IN A NEW ONE FOR THE ADDITIONAL JOBS THEY'VE ADDED OVER THE LAST YEAR, BUT I THINK IT'S A 75%.
THANK YOU. OKAY, SO THAT'S REALLY WHAT I WANTED TO COVER.
I MEAN, IF YOU IF YOU REALLY WANT TO UNDERSTAND WHAT'S HAPPENING IN THE CITY FROM A FINANCIAL STANDPOINT, READ THE NOTES. OKAY. THE NOTES WILL GIVE YOU A WEALTH OF INFORMATION, A BUNCH OF SCHEDULES.
I MEAN, WE TALKED ABOUT, FOR EXAMPLE AT OUR SECOND MEETING, WE TALKED ABOUT THE INVESTMENT POLICY.
IT GOES THROUGH WHAT THE INVESTMENT POLICY IS.
IT WILL SHOW YOU THE BREAKDOWN OF, OF THE VARIOUS INVESTMENTS AND TYPES OF INVESTMENTS AND THE RISK ASSOCIATED WITH EACH OF THOSE INVESTMENTS. IT WILL GO THROUGH YOUR PENSION PLANS.
IT WILL TALK ABOUT THE OTHER POST-EMPLOYMENT BENEFITS.
IT WILL TALK ABOUT YOUR LONG TERM DEBT AND WHAT TYPE OF LEASES THE CITY HAVE AND, AND SO FORTH.
ONION IS A BAD EXAMPLE BECAUSE THAT WILL MAKE YOU CRY.
BUT SOMETIMES IF YOU READ A CERTAIN CITY'S FINANCIAL STATEMENTS, NOT YOURS, YOU WILL BE CRYING BACK.
SO THE BOTTOM LINE IS IT'S A REALLY GOOD RESOURCE.
I WOULDN'T DELVE TOO MUCH INTO THE FISCAL YEAR ENDING SEPTEMBER 30TH, 2024, BUT WHEN THE 25 COMES OUT, THIS WOULD BE REALLY GOOD TO GO BACK AND LOOK AT, AND I'M HAPPY TO ANSWER ANY OTHER QUESTIONS YOU HAVE.
I HAVE ONE JUST REAL QUICK. WE DON'T HAVE ANY TIF AREAS ANYMORE, RIGHT? NO TAX INCREMENT FINANCING. YOUR CRA, CRA WENT AWAY.
SO YEAH, BUT NOTHING PRECLUDES YOU FROM DOING TAX INCREMENT FINANCING.
WELL LET'S HOPE SO. WELL, THAT THERE WOULD BE SOMETHING THAT WOULD PRECLUDE IT.
WELL, YEAH, A VERY COMMON WAY OF FINANCING THE REST OF THE COUNTRY.
[00:35:02]
NOW, IF YOU DID A TIF AND THESE ARE WHAT WE CALL TIF DISTRICTS IT WOULD NOT HAVE THE COUNTY'S SHARE.RIGHT. SO YOU COULD HAVE A VERY SMALL PROJECT, LET'S SAY SOMETHING THAT WAS THE SIZE OF L3 HARRIS.
RIGHT. AND YOU COULD BASICALLY SAY WE WOULD GIVE YOU SOME TIF BACK.
DOESN'T HAVE TO BE 100% OF THE TIF. IT COULD BE 20, 30, 50.
RIGHT. BUT YOU CAN USE TIF TO TO HELP BRING AND RECRUIT COMPANIES AND HAVE PROPERTIES DEVELOPED. SO I WOULD NOT BE VERY NEGATIVE ON IT.
IT IS A VERY COMMON ECONOMIC TOOL. I COULD SEE THAT IN A CASE BY CASE BASIS ON A, YOU KNOW, INDIVIDUAL PIECE OF PROPERTY OR SOMETHING. BUT WHAT WE DID BEFORE JUST DIDN'T PAN OUT.
I UNDERSTOOD NO MORE. OKAY, THAT WRAPS UP FINANCIAL STATEMENTS 101. QUESTIONS ON THE LONG FORM THAT YOU SENT THE 200 SOME PAGES, THAT WOULD BE OKAY. AND ON THE EMPLOYEE RETIREMENT SYSTEM ON THE FIRE, IT HAS ONE PART OF IT EMPLOYEES COVERED.
IT'S GOT POLICE OFFICERS, 119, FIREFIGHTERS 99.
THEN IT HAS GENERAL EMPLOYEES ONE. HOW WOULD A GENERAL EMPLOYEE GET ON THE POLICE AND FIRE PENSION.
SO I DON'T KNOW THE PARTICULARS OF THIS, BUT SOMETIMES, AND I'VE SEEN THIS HAPPEN IN OTHER CITIES, I'VE WORKED WITH A POLICE OFFICER MAY NO LONGER BE A POLICE OFFICER AND MAY COME OVER TO TO THE GENERAL GOVERNMENT SIDE LET'S SAY AS A BUILDING INSPECTOR, I'M JUST MAKING THIS UP.
THEY WOULDN'T GET ANY MORE CREDIT AS A POLICE OFFICER, BUT THEY WOULD STILL BE IN THE PENSION UNTIL, UNTIL THEY ULTIMATELY THE SAME PENSION COVERAGE THAT THE CITY IS PAYING FOR THEM.
I AGAIN, IT WOULD BE ON A THAT'S THE LAST SURVIVING PERSON IN THAT.
YEAH. I'D HAVE TO LOOK AND SEE THE PARTICULARS ON THERE.
BUT YOU GENERALLY, GENERALLY KNOW THE OTHER THING THAT I NOTICED WAS COMPENSATED ABSENCES. IT'S LIKE, OH MY GOSH, THEY CAN ACCUMULATE UP TO HUNDREDS OF HOURS OF PAY. LIKE. IT'S LIKE, OH MY GOD. IT SAYS ACCRUAL FOR A MONTH, 8 TO 14 HOURS A MONTH AND THEN MAXIMUM. WELL, THIS WAS IN AFTER SEPTEMBER'S MAXIMUM IS 240 HOURS. THEY GET PAID. THEY CAN PAY OUT IF THEY LEAVE.
THEY CAN GET A PAYOUT OF 240 HOURS IF THEY DIDN'T TAKE HIM.
WELL, YES. RIGHT. SO THE IDEA IS THAT IF THEY'RE WORKING, THEY'RE NOT TAKING VACATION, RIGHT? SO IF THEY'RE TAKING VACATION, YOU MAY HAVE TO PAY SOMEBODY OVER TIME TO DO THEIR JOB AND SO FORTH.
SO SOMETIMES YOU CREATE INCENTIVES FOR PEOPLE NOT TO USE ALL THEIR VACATION OR SICK TIME, 500 HOURS. WELL, AGAIN. MAN, I WISH I HAD WORKED FOR THE GOVERNMENT WHEN I WAS YOUNGER. HOLY MOLY. WE HAD TO AS PRIVATE CORPORATION, YOU HAD TO EITHER USE IT OR LOSE IT.
IT DOESN'T CARRY OVER. SO IT DEPENDS ON THE PRIVATE COMPANY TOO.
SO IS THAT A STATE REQUIRED POLICY OR JUST OUR POLICY FOR.
IT'S A CITY BY CITY POLICY. SO IT'S OPEN. IT'S NOT REQUIRED BY ANY STATUTE OR REQUIREMENT.
SO, YOU KNOW, A. EMPLOYEE HANDBOOK POLICY COULD BE UPDATED.
AND THEN I GUESS ANY NEW HIRES GOING FORWARD.
YEAH. NOT NECESSARILY. YOU HAVE COLLECTIVE BARGAINING AGREEMENTS.
SO YOU CAN'T JUST BE ARBITRARY ABOUT IT. YOU'D HAVE TO GET APPROVAL.
[00:40:01]
SO YOU HAVE AS WE TALKED ABOUT SEVEN COLLECTIVE BARGAINING AGREEMENT BARGAINING UNITS HERE IN THE CITY.YOU WOULD HAVE TO BARGAIN WITH THOSE SEVEN. AND THEN THOSE THAT ARE NOT COVERED BY THE BY COLLECTIVE BARGAINING AGREEMENTS, THOSE YOU COULD BASICALLY DETERMINE WHAT THE BENEFIT LEVEL SHOULD BE.
I WAS JUST GOING TO COMMENT THAT HAVING WORKED WITH COLLECTIVE BARGAINING AGREEMENTS, YOU COULD CHANGE SOME OF IT, BUT YOU'RE GIVING UP SOMETHING ELSE THAT'S COLLECTIVE BARGAINING.
SO IT IS DIFFICULT TO DO. AND AGAIN, YOU KNOW, HOW HOW YOU DEAL WITH THIS ALSO IS CAN'T JUST LOOK AT PALM BAY. YOU HAVE TO LOOK AT THE ENVIRONMENT THAT YOU'RE COMPETING WITHIN TO ATTRACT TALENT ON THERE.
YOU'RE COMPETING NOT ONLY AGAINST OTHER GOVERNMENTAL ENTITIES, BUT FOR SOME POSITIONS.
YOU'RE ALSO COMPETING AGAINST THE PRIVATE SECTOR, RIGHT? IF I'M LOOKING TO BE A HEAVY EQUIPMENT OPERATOR AND TRYING TO BRING A HEAVY EQUIPMENT OPERATOR IN HERE, I HAVE TO LOOK AND COMPETE WITH ALL THE HEAVY EQUIPMENT OPERATORS THAT ARE BEING HIRED BY ALL THESE HOME BUILDERS FOR MOVING DIRT AROUND.
AND SO IF I'M IF I'M LOOKING AT HEAVY EQUIPMENT, VEHICLE DRIVING, I HAVE TO COMPETE AGAINST SANITATION COMPANIES AND TRUCKING COMPANIES AND EVERYBODY ELSE WHO IS HIRING PEOPLE WITH CDLS.
TRADITIONALLY, WHAT THEY DO. THEY DO PERIODIC STUDIES.
ESPECIALLY WHEN THEY HAVE DEFICITS IN A POSITION.
SO IF I HAVE VACANCIES FOR HEAVY EQUIPMENT OPERATOR, MY HR DEPARTMENT IS GOING TO GO LOOK AT WHAT THE MARKET IS AND MAKE SURE THAT I'M BEING COMPETITIVE AND I CAN ATTRACT TALENT. I DID THAT I LOOKED ON SALARIES.COM. YEAH. OVER THE ENTIRE US PALM BAY HAS TOP.
HEAVY EQUIPMENT TECHNICIAN IN THE NATION. WE PAY THEM THE MOST.
AND THAT WAS IN 2024. TYPE ONE IN THE NATION.
I DON'T WANT TO REFUTE GOV.COM, BUT THE DATA GOING INTO THE SYSTEM IS ONLY AS GOOD AS THE DATA GOING INTO THE SYSTEM ON THERE, BUT CERTAINLY HAPPY TO HAVE AN OFFLINE CHAT WITH YOU ABOUT THAT AND LOOK AT THE DATA.
I DO HAVE ANYTHING ELSE TO TO REVIEW FOR THE SECTION ONE FOR.
AND SO NOTHING ELSE FROM MY SIDE. GOOD DEAL. NO OTHER CONVERSATION REGARDING NUMBER ONE.
YEAH, I PUT THIS ITEM ON THE, ON THE AGENDA. BECAUSE AT THIS POINT, YOU KNOW, WE TALKED ABOUT IN THE, THE FIRST SIX MEETINGS WERE REALLY GOING TO BE ABOUT EDUCATION, YOU KNOW, WHAT THE FINANCIAL STATEMENTS ARE, THE BUDGET, THE INVESTMENT POLICIES. AND YOU ALL HAVE BEEN VERY STUDIOUS IN, IN UNDERTAKING THAT THAT EFFORT NOW, YOU KNOW, IN CONSULTATION WITH THE MANAGER, IT'S TIME TO GET YOU GUYS TO WORK ON THERE.
SO THE QUESTION IS, WHAT DO YOU WANT TO WORK ON? AND SO SOME OF YOU HAVE HAVE FED ME TOPICS OVER THE THE LAST COUPLE OF MONTHS, WHICH I'VE BEEN KEEPING NOTES ON. ONE ITEM THAT YOU TALKED ABOUT AS A GROUP WANTING TO EXPLORE MORE ABOUT WAS THE ROAD MAINTENANCE PROGRAM ON THERE. ON THERE. SO. WHAT I THOUGHT WOULD BE GOOD, AND I JUST LISTED SOME OF THESE THAT CAME FROM BOTH OF YOU ALL, AND ONE THAT I PUT ON THERE.
[00:45:05]
THEN GOING ON TO, YOU KNOW, TEE UP WHAT WOULD BE NEXT.BUT WE DIDN'T WANT TO MAKE ANY, YOU KNOW, GUESS AS TO WHAT YOU WANTED TO TALK ABOUT.
ON THERE, YOU ALL TALKED ABOUT SOME OF THIS STUFF, YOU KNOW, AGAIN, AMONG YOURSELVES IN THE PUBLIC, AMONG YOURSELVES ON THE DAIS HERE. BUT AGAIN, THIS IS YOUR TASK FORCE.
YOU ALL NEED TO SAY WHAT YOU WANT TO WORK ON, SO I THREW OUT THE TOPICS.
I WILL TELL YOU ONE TOPIC THAT IS KIND OF NEAR AND DEAR TO MY HEART, ESPECIALLY WHEN WE WERE TALKING IN OUR LAST MEETING REGARDING HOW HEAVY WE ARE DEPENDENT UPON RESIDENTIAL ROOFTOP, YOU KNOW, TAX ASSESSMENT FOR OUR MAIN REVENUES.
ONE OF THE THINGS THAT I'VE SEEN IN THE TIME THAT I'VE BEEN HERE, THERE'S A VERY NARROW AVERAGE OF HOME PRICES ACROSS ACROSS THE CITY, ACROSS THE CITY. AND THE MORE AND MORE I SEE MORE DEVELOPMENT HAPPENING, WE'RE BUILDING MORE OF THE SAME PRICE POINT OF HOME.
AND IF YOU LOOK AT A SUPPLY AND DEMAND SITUATION, WHAT YOU'RE DOING IS DILUTING THE AVAILABILITY OF CERTAIN HOME TYPES TO AGAIN, A 100 TO $200,000 RANGE. AND SO WHEN IT'S TIME FOR YOU TO SELL YOUR HOME, YOU'RE COMPETING AGAINST 65 TO 70% OF EVERYBODY ELSE IN THIS, IN THIS, IN PALM BAY TO SELL YOUR HOME.
AND IT'S NOT HELPING YOUR, YOUR RESALE VALUE.
AND I, YOU KNOW, THE RESALE VALUE IS A DOUBLE DOUBLE EDGED SWORD.
A LOT OF PEOPLE WHO SEE HOW A AREA STARTS TO GET OUTPRICED TO WHERE IT GETS TOO EXPENSIVE AND YOU CAN'T MOVE IN THAT DOES THAT IS UNFORTUNATE FOR THE FOLKS TRYING TO MOVE IN, BUT IT'S VERY FORTUNATE FOR THE FOLKS WHO ARE HERE FIRST AND WANT TO CAPITALIZE ON THAT.
BUT YOU WANT TO SEE A HEALTHY INCREASE IN TAX IN HOME VALUES, BECAUSE THAT WILL DIRECTLY AFFECT YOUR TAX REVENUES THAT COME FROM THAT. SO IT'S ONE OF THE THINGS THAT I WAS LOOKING AT IS HOW DO YOU HELP PUSH THE CITY TO BE MORE DIVERSE IN WHAT THEY'RE BUILDING, NOT JUST THE SAME 250 TO 300 TO $400,000 PRICE RANGE HOME, BECAUSE THAT SEEMS TO BE THE MAJORITY OF WHAT'S HAPPENING.
AND THERE'S NOTHING THAT'S THAT'S ADDING CHANGING THAT TREND.
SO THAT, THAT DIRECTLY IMPACTS, AGAIN, OUR LONG TERM TAX.
TAX REVENUES BECAUSE AGAIN, TEN, 15, 20 YEARS FROM NOW, YOU'RE GOING TO POTENTIALLY HAVE A, HOW IS THAT GOING TO BE MAINTAINABLE AND SUSTAINABLE.
AND THAT'S AND THEN TEN, 15 YEARS FROM NOW, IF YOU ARE HAVING THE BUDGET PROBLEMS NOW, WHAT DOES THAT LOOK LIKE WHEN HOME PRICES START TO DIP? THAT REALLY HITS A PLACE LIKE US WHERE WE'RE VERY HEAVY ON RESIDENTIAL TAX REVENUES.
AND A GREAT EXAMPLE THAT MISTER CHAIR WAS IN AND SEVEN WHEN THE GREAT FINANCIAL CRISIS HAPPENED. YOU KNOW, HOUSING VALUES MARKET VALUE JUST DROPPED.
AND WHAT REALLY THEN HAPPENED WHEN THEY STARTED COMING BACK UP.
AND WE HAD THIS DISCUSSION BRIEFLY WHEN WE WENT THROUGH TAXATION AND FINANCE 101 ON THERE.
IS THAT THE SAVE OUR HOMES AMENDMENT LIMITED THE TAXABLE VALUE TO GO UP TO THE RATE OF INFLATION OR 3%, WHICHEVER IS LOWER. AND IT BASICALLY TOOK, WHILE IT TOOK THREE YEARS TO, TO GET DOWN TO THE BOTTOM, IT TOOK TEN YEARS PLUS TO CLIMB BACK OUT BECAUSE OF THE SAVE OUR HOMES AMENDMENT, BECAUSE EVERYTHING GETS RESET AT THAT LOWER, LOWER PRICE. AND THEN IT HAS TO INCH BACK UP JUST TO GET TO THE SAME POINT.
I REMEMBER IN 2010 HAVING A DISCUSSION WITH WITH A, I THINK IT WAS ONE OF THE ELECTED OFFICIALS ON THE DAIS. AND I HAD TO POINT OUT THAT IN 2010, THEY WERE PAYING LESS IN PROPERTY TAX TO THE CITY OF PALM BAY THAN THEY PAID IN 2004. BECAUSE OF THAT. SO IT'S, IT'S INTERESTING TO LOOK AT.
THANK YOU. THAT WOULD BE, THAT WOULD BE A TOPIC.
I'D LIKE TO SEE THE IMPACT. BECAUSE THAT'S, IT'S VERY, WE'VE GOT AREAS OF PALM BAY THAT ARE THAT,
[00:50:02]
THAT THE NEW AND SHINY ALWAYS ENDS UP BEING WHERE EVERYBODY GRAVITATES TO.AND THEN WHAT HAPPENS TO EVERY, THE VALUE OF THE FOLKS HOME WHO HAVE BEEN HERE FOR A LONG TIME.
YOU KNOW, I WANT TO PROTECT EVERYONE AND ALL.
AND HOW DO YOU DO THAT? SO THANK YOU. KEEP IN MIND AS FAR AS THE ITEMS THAT YOU WANT TO WORK ON.
AND I THINK THAT'S A THAT'S A GOOD TOPIC, BUT ALSO THINK IN MIND, WHAT WOULD YOU WANT TO ADVISE THE CITY COUNCIL TO DO? RIGHT. SO YOU GO THROUGH THIS ANALYSIS, YOU DETERMINE THAT THIS IS THE ISSUE.
THE TASK FORCE SHOULD ALSO BE PREPARED TO COME UP WITH.
AND NOW WE SUGGEST YOU DO X RIGHT. ON THERE. SO AS YOU'RE WORKING ON THESE ITEMS THINK ABOUT SOLUTIONS. YEAH. WE CAN'T JUST FUSS. I THOUGHT THAT WAS THE WHOLE POINT.
IF I MAY I JUST WANTED TO ASK. EXCUSE ME. BASED ON THE PUBLIC COMMENT FROM BILL EARLIER, HE ASKED ABOUT THE EXPOSURE TO LIABILITY FROM INSURANCE COSTS. AND I KNOW YOU COVERED THAT IN SLIDES 13 TO 14.
I JUST KIND OF WANTED TO FOLLOW UP AND KIND OF BASICALLY KIND OF RE ASK HIS QUESTION TO SEE IF I UNDERSTOOD THE ANSWER CORRECTLY, WHICH IS THAT OUR ARE WE SELF-INSURING OR NOT? YOU'RE SELF-INSURING, BUT YOU HAVE REINSURANCE TO DEAL WITH CATASTROPHIC ISSUES.
YOU ALSO HAVE, IN THE CASE OF CERTAIN LIABILITIES, WHAT WHAT'S KNOWN AS SOVEREIGN IMMUNITY.
SO UNDER SOVEREIGN IMMUNITY, THE STATE SAYS THAT AN INDIVIDUAL CAN ONLY GET SO MUCH PER INCIDENT FROM YOU OR IN THE AGGREGATE, YOUR YOUR EXPOSURE IS, IS CAPPED AS WELL.
NOW, THAT DOESN'T MEAN THAT YOU ARE IMMUNE FROM BIGGER JUDGMENTS, BUT LET'S SAY THEY'VE JUST RECENTLY CHANGED THE, THE LEVEL OF SOVEREIGN IMMUNITY, BUT LET'S SAY IT'S 400 000 AT THIS POINT, 300 000.
OKAY. IT'S EITHER 300,000 OR 400 000. IF THE CITY DOES SOMETHING, GETS INTO A TRAFFIC ACCIDENT WITH AN INDIVIDUAL AND CAUSES $800,000 WORTH OF DAMAGE TO THAT, THE THE LIABILITY TO THE CITY IS LIMITED AT THAT $300,000 CAP.
HOWEVER, THE JUDGMENT CAN BE GREATER. AND THEN IT GOES TO THE LEGISLATURE, FLORIDA LEGISLATURE FOR FOR FINAL DISPOSITION, WHAT'S KNOWN AS A CLAIMS BILL.
EVERY YEAR, THERE'S PROBABLY TEN OF THESE CLAIMS BILLS THAT GO THROUGH THE LEGISLATURE.
ARE THERE MAYBE 2 OR 3 OF THEM ACTUALLY HAPPEN IF THE IF THE CITY'S LIABILITY IS MUCH HIGHER THAN BASICALLY THEY DIP INTO RESERVES TO PAY IT.
AND IF IT'S EXTREMELY HIGH, THERE ARE WAYS TO FINANCE THESE JUDGMENTS.
ON THERE THERE ARE LOTS OF THINGS THAT KEPT ME UP AT NIGHT AS A CITY MANAGER.
LIABILITY WAS NOT ONE OF THEM. SO I LOOKED UP THE CURRENT SOVEREIGN IMMUNITY RATES AND ITS MAXIMUM PAYABLE TO ONE PERSON IS 200,000 AND PER OCCURRENCE IS 300,000.
AND THAT WAS UPDATED IN SEPTEMBER OF 26. THANK YOU.
AND BY THE WAY, YOU'RE YOU HAVE AN ACTUARY WHO LOOKS AT THE PROGRAM, LOOKS AT ALL THESE SELF-INSURANCE LIMITS AND, AND SOVEREIGN IMMUNITY AND BASICALLY SAYS THAT IN ORDER TO HAVE A A FUNCTIONING SYSTEM, YOU HAVE TO FUND X NUMBER OF DOLLARS A YEAR INTO THE PROGRAM. AND THEN THE CITY THEN TAKES THAT X AND DIVIDES IT AMONG ALL THE DEPARTMENTS AS A PREMIUM.
SO CITIES ARE BASICALLY CHARGING A PREMIUM UNTO THEMSELVES.
SO THE QUESTION IS WHAT DO YOU WANT TO WORK ON? SO FOR THE BOARD HERE FOR THE, FOR THIS COMMITTEE.
YEAH, I THINK THERE'S SEVERAL GOOD OPTIONS HERE.
PLEASE, IF YOU DON'T HAVE ANYTHING THAT COMES TO MIND AND THEN, YOU KNOW, IN THE NEXT FEW MOMENTS, FEEL FREE TO REACH OUT TO LEE AND WELL, NOT ANYMORE.
[00:55:06]
YEAH. WHAT THE CHAIR IS REFERRING TO IS THIS IS MY LAST MEETING WITH YOU ON THERE.SO MY MY TIME WAS SIX MONTHS WITH WITH YOU. AND THAT IS COMING TO A CLOSE.
JASON ASSISTANT CITY MANAGER WILL BE TAKING OVER FOR ME AND ASK HIM, LIKE, REALLY TOUGH QUESTIONS.
THAT'S RIGHT. YEAH. YOU. BUT WHEN WE TALK ABOUT WHAT THE THE BOARD'S GOING TO DO IN THE FUTURE, I THINK A LOT OF THAT IS DEPENDENT ON WHAT HAPPENS WITH AMENDMENT THREE.
I MEAN, ARE WE GOING TO BE LOOKING FOR IDEAS ON WHAT TO DO AFTER AMENDMENT THREE? UNTIL THAT HAPPENS, I'M LOOKING AT STUFF IN FRONT OF US, LIKE FOR THE POOL AND THINGS LIKE THAT.
AND TO HAVE A DISCUSSION NOW WHEN YOU'RE 60 DAYS AWAY FROM KNOWING WHETHER AMENDMENT THREE IS GOING TO PASS OR NOT, IT SEEMS LIKE A, YOU KNOW, NOT A GOOD USE OF TIME.
SO I'LL JUST BE THE PROTAGONIST HERE FOR A SECOND AND TELL YOU, IF I LOOKED AT THIS LIST, VACANT LOT MOWING IN PALM BAY IS AN ISSUE THAT IS GOING TO SURVIVE THE NEED TO ADDRESS AMENDMENT THREE OR NOT ON THERE, AND THE MANAGER IS ASKING FOR INPUT ON THAT.
THIS WOULD BE MAYBE A GOOD ONE TO START WITH AND GET YOUR FEET WET WITH.
ON A TOPIC. I CAN PROVIDE SOME BACKGROUND IF THE BOARD'S NOT SURE WHAT THAT'S ABOUT.
SO VACANT LOTS VACANT ORIGINAL GDC SCATTERED LOTS THROUGHOUT THE CITY.
PUBLIC WORKS CURRENTLY MOWS THE THE SWALE OR IN FRONT, RIGHT TO MAKE SURE DRAINAGE CONTINUES.
EVERY LOT PAYS A STORMWATER FEE ON IT, REGARDLESS OF IF IT IS IMPROVED OR UNIMPROVED, BUT THE, THE, THE FEE FOR UNIMPROVED IS THAT IS AT A DISCOUNTED RATE BECAUSE YOU'RE YOU DON'T HAVE THE IMPERVIOUS SURFACE, HOME AND DRIVEWAY THAT IS CONTRIBUTING TO RUNOFF.
HOWEVER, A PORTION OF THE LARGEST PORTION OF THE STORMWATER FEE IS NOT THE MOWING OF SWALES, IT'S THE ENTIRE SYSTEM, THE PIPES AND THE DITCHES AND EVERYTHING ELSE THAT GOES TO MANAGING A STORMWATER SYSTEM.
SO WE'VE HAD SOME CONVERSATIONS AND WE'RE LOOKING FOR SOME GUIDANCE ON WHAT, WHAT IS AN APPROPRIATE, IF ANY FEE FOR VACANT LOT OWNERS TO PAY TO CONTRIBUTE TOWARDS THE MOWING BASICALLY THE MAINTENANCE OF THEIR PROPERTY THAT THEY OWN. ANOTHER QUESTION FROM THE ROAD TO THE SWALE AND FROM THE SWALE TO THE PROPERTY OWNER IS THAT UNIFORM THROUGHOUT THE WHOLE CITY? NOT THE SIZE OF IT IS NOT UNIFORM BECAUSE DIFFERENT RIGHT OF WAYS.
BUT REGARDLESS, WE WE MOW THEM. AND I CAN THINK OF SITUATIONS WHERE WHEN YOU ARE OCCUPYING A SPACE, THERE'S GOING TO BE GENERAL MAINTENANCE TO THE, TO, TO THE PROPERTY THAT'S GOING TO MAKE IT CONDUCIVE TO WHERE IT IS LESS IMPACTFUL WHEN YOU MOW. AND SO IF IT IF IT'S NOT MAINTAINED AND TREES START TO POP UP, TREES START FALLING DOWN.
JUST GENERAL EROSION OR DEGRADATION DEGRADING OF, OF AN AREA BECOMES MORE OF A, OF A HANDICAP THAT WE HAVE TO CONTINUE TO, TO FIGHT UP AGAINST. AND THERE'S NO BENEFIT FOR THE PROPERTY OWNER TO DO ANYTHING ABOUT IT.
SO THERE ALMOST NEEDS TO BE SOME KIND OF GRADING SCALE OF OF IMPACT TOWARDS MAINTAINING THAT, THAT, THAT SERVICE, IF WE WANT TO CALL IT. SO JUST SO FOR EDIFICATION, ONCE YOU GET YOUR CEO, YOU'RE RESPONSIBLE. SO ONCE YOU MAKE THAT IMPROVEMENT, YOU'RE RESPONSIBLE FOR THAT AREA.
BEFORE THERE'S AN IMPROVEMENT ON THE LOT, EVEN THOUGH YOU OWN THE PROPERTY.
PUBLIC WORKS IS, IS MAKING THAT THAT CUT ON A ROTATION.
AND I CAN GET YOU ALL THE DETAILS ON HOW MANY LOTS THAT IS, HOW OFTEN THE, WHAT'S THE LEVEL OF SERVICE AND, AND ALL OF THOSE DETAILS, IF THIS IS WHAT YOU'D LIKE TO PURSUE, IS THIS A CODE ENFORCEMENT ISSUE? NO, NO, THAT'S SUCH A DOUBLE EDGED SWORD BECAUSE AGAIN, IT GOES TO THE QUALITY OF YOUR NEIGHBORS AND ALL THAT STUFF TO WHERE IF YOU HAVE A NUMBER OF SCATTERED LOTS IN AN AREA THAT DOES BECOMES UNMANAGED, THEN IT IMPACTS EVERYBODY AND IT CONTINUES TO.
[01:00:05]
YOU MONEY. SO, MR. GROMMETS, IT'S NOT A CODE ITEM BECAUSE THE CODE INDICATES WHEN YOU.IT'S YOUR RESPONSIBILITY TO PICK UP THE MAINTENANCE. RIGHT.
EXCUSE ME. SO IF I MAY ASK FOR A SORT OF A BIT OF EDUCATION AS WELL.
SO I'M LEARNING AS, AS WE'RE GOING HERE AS THE BOARD IS NEW.
CAN I ASK WHAT IS POSSIBLE OR EVEN KNOWN TO BE LEGAL IN TERMS OF STRATIFICATION OF CERTAIN FEES, FOR INSTANCE FOR RESIDENTS VERSUS OUT OF STATE RESIDENTS OF THESE LOTS CORPORATE INVESTORS VERSUS LOCAL INDIVIDUAL OWNERS. IS IT POSSIBLE TO STRATIFY THOSE THINGS FOR US TO CONSIDER, OR IS IT NOT SOMETHING THAT WOULD BE POSSIBLE OR LEGAL? BASED UPON MY MY YEARS AND I'VE GOT MORE GRAY HAIR THAN JASON.
SO I'LL ANSWER THIS. THERE'S AN EQUAL PROTECTION ISSUE.
I'M NOT A LAWYER, BUT THERE'S AN EQUAL PROTECTION ISSUE.
AND BASICALLY, IF YOU GO TO THE FLORIDA STATUTES, I THINK IT'S 166.20 1 OR 2 ONE ONE THAT BASICALLY SAYS THAT ANY FEE YOU CHARGE HAS TO BE REASONABLE AND TIED BACK TO THE SERVICE THAT YOU'RE PROVIDING, AND YOU WOULD HAVE TO BASICALLY SHOW THAT THE SERVICE IS DIFFERENT BETWEEN AN OUT OF STATE AND IN STATE OR OUT OF STATE AND IN CITY PERSON ON THERE. SO I'M NOT SAYING IT CAN'T BE DONE, BUT IT'S PROBABLY A HARD REACH.
THANK YOU. AND I DIDN'T BOARD, I DIDN'T INTEND TO PROJECT AN OUTCOME EITHER.
I MEAN, THE, THE OUTCOME COULD BE YOU'RE ALWAYS RESPONSIBLE FOR IT.
AND THEN THAT WOULD BE A CODE ISSUE. NOW THAT WOULD ADD A LOT OF WORK TO CODE ENFORCEMENT.
AND WE'D PROBABLY NEED TO ADD FOLKS TO MAKE THAT HAPPEN, BUT THAT COULD BE AN OUTCOME, RIGHT? SO THERE'S, THERE'S LOTS OF OUTCOMES THAT WE COULD GET TO.
ONE. LET STAFF EDUCATE YOU ON WHAT THE ISSUE IS.
RIGHT. YOU GOT A LITTLE SMATTERING OF IT, BUT THERE'S A LOT MORE DETAIL GETTING NUMBERS, YOU KNOW, UNDERSTANDING WHAT THE PROBLEM IS AND THE MAGNITUDE OF THE ISSUE.
SECOND MEETING WOULD BE AMONG YOURSELVES TO START TALKING ABOUT WHAT YOU THINK THE SOLUTIONS ARE.
IF THERE IS A RECOMMENDATION. SO IT, YOU KNOW, THERE'S PROBABLY A 3 TO 5 MONTH EFFORT ON ONE PARTICULAR TOPIC, GET YOU WAY PAST NOVEMBER 3RD, NOVEMBER 5TH AMENDMENT THREE.
WELL, I'D LIKE TO TALK ABOUT THE AQUATIC CENTER.
I HAVE IT ON THE AGENDA. THANK YOU. IS THAT ALL RIGHT? YOU CAN TALK. IT'S UP TO THE TASK FORCE, NOT TO ME.
THE REASON I HAVE IT ON HERE IS BECAUSE SEVERAL CITY COUNCIL MEETINGS AGO, IT IT IS A SUBJECT OF CONCERN. THEY'RE INDECISIVE. THOSE ARE THE TYPE OF THINGS THAT I THINK WHAT WE AS A TASK FORCE COULD DO IS TAKE ISSUES LIKE THAT, TAKE ISSUES LIKE THE NINE OVER 11 DISPATCH AND COME UP, DISCUSS THEM AND GET OPTIONS AND THEN PRESENT THEM, PRESENT THE OPTIONS TO WHAT WE'VE COME UP WITH TO THE CITY TO HELP THEM.
AND I THINK THAT'S WHAT WE'RE HERE FOR. SO ANYWAY, I DID LOOK UP OTHER OPTIONS FOR THE AQUATIC CENTER AND I COME UP WITH SEVERAL DIFFERENT OPTIONS FOR REHABILITATION. PALM BAY HOSPITAL IS EXPANDING AND RIGHT BY MY HOUSE.
[01:05:01]
THEY HAVE A REHABILITATION THERAPIST. THERE'S TWO, TWO COMPANIES KNIGHT AND BROOKS, THAT ARE ACTUALLY AQUATIC REHABILITATION, REHABILITATION, THERAPEUTIC COMPANIES.BROOKS IS ACTUALLY LOOKING TO EXPAND. THEY'RE EXPANDING CENTRAL FLORIDA.
SO THAT'S WHY THIS CAME UP. AND AND THAT'S WHY I HAVE IT ON HERE.
IT'S JUST LIKE THE 911. I HAVE LIKE A SCORE CARD.
IF WE WORK OUT SOME OF THE ISSUES, YOU KNOW, WHAT DO WE HAVE TO LOOK AT? WHAT ARE THEY? WHAT DO WE HAVE TO MEASURE? AND COME UP WITH SOME OPTIONS TO HELP THE CITY AND THE CITY STAFF TO LOOK AT. AND TO ME, 911 AND THE AQUATIC CENTER ARE THE TWO.
CURRENT SITUATIONS THAT THEY'RE LOOKING FOR ANSWERS.
SO THAT'S WHY I LOOKED INTO IT. AND MR. CHAIR, I, I AGREE WITH YOU 100% ON WHAT WE SHOULD BE DOING.
HOWEVER, THESE TWO ISSUES, THE NINE OVER 11 ISSUE IS GOING TO BE SETTLED NEXT THURSDAY NIGHT.
THERE'S NOTHING WE CAN DO ABOUT IT. WE'RE TOO LATE.
SAME WITH THE POOL. IT'S BEEN DECIDED THAT THE POOL IS GOING TO STAY UP UNTIL NOVEMBER, AND THEN THEY'RE GOING TO SHUT IT DOWN UNTIL FEBRUARY, AND THEN THEY'RE GOING TO MAKE A DECISION. SO WE'RE TOO LATE.
YOU HAVE TO LOOK FARTHER INTO THE FUTURE. WELL, THIS WAS SUBMITTED WEEKS AGO.
I'M TALKING MONTHS. I JUST CAME UP A COUPLE OF WEEKS AGO.
I MEAN, TWO, MAYBE THREE CITY COUNCIL MEETINGS AGO.
BUT ANYWAY, I DID THE HOMEWORK. AND THESE ARE MY OPTIONS THAT I CAME UP WITH.
AND IF THE CITY WANTS TO LOOK AT THEM, FINE. AND IF THEY DON'T, THAT'S OKAY TOO.
I ENJOY RESEARCHING WELL, AND I THINK PART OF THE VISIBILITY AND ACCESS THAT WE HAVE TO THE CONVERSATIONS BRINGING THIS TO DIRECTLY TO THEM IS TO ME AS A CITIZEN, NOT JUST AS A BOARD MEMBER, BUT YOU CAN DEFINITELY BRING THOSE UP DURING THE MEETINGS AS WELL.
SO CAN WE RECOGNIZE. YEAH. YES, MA'AM. SO I PUT IT ON THE MICROPHONE, PLEASE.
SO I WOULD LIKE TO BRING UP NAME, NAME AND I'M SORRY, ELIZABETH.
I LIVE IN NORTHWEST PALM BAY. OKAY. TO YOUR POINT, THE AQUATIC CENTER IS CLOSED ON NOVEMBER, BUT THEY ARE TRYING TO PUT IN PLANS TO REOPEN IT IN FEBRUARY.
SO IN YOUR VIEW, IT WOULD BE GREAT TO START COMING UP WITH A A SALT TO SOLVE THAT ISSUE.
SO I'M SORRY. I AGREE WITH YOU. THAT'S ALL I WANTED TO SAY IS IF THEY ARE GOING TO PLAN ON OPENING IT, YOU GUYS SHOULD GIVE THEM SOLUTIONS AND BRING IT SOONER SO THEY CAN MAKE THE STEPS TO GET THAT IMPLANTED SO WE CAN OPEN IT ON IN FEBRUARY.
THANK YOU. THANK YOU. THANK YOU. FOR YOUR TIME.
AQUATIC CENTER USE OF LOW USAGE LEVEL. I'M NOT SURE HOW MANY PEOPLE SHOW UP EVERY DAY TO USE.
ALL CITY PALM BAY OWNS IS THE NAMING RIGHTS IN THE BILLS.
THAT POOL HOLDS 800 000 GALLONS OF WATER. THE THREE POOLS IN MELBOURNE HOLD 250 000 APIECE.
THAT'S WHY THEY HAVE THREE POOLS. OUR POOL IS A ONE OF A KIND.
WHEN SOMETHING GOES WRONG WITH IT, IT'S VERY EXPENSIVE TO FIX.
YOU CAN'T FIX IT WITH IMPACT FEES, BUT YOU CAN CLOSE IT DOWN IN 18 MONTHS LATER, OPEN A BRAND NEW POOL WITH IMPACT FEES THAT'S MAINTAINABLE AND COST EFFECTIVE. SO THAT'S WHERE I'VE STOOD ON THE POOL.
AND I'M THE CHAIR OF THE RECREATION ADVISORY BOARD, AND THAT'S MY OPINION ON THE POOL.
IT WAS A BAD DEAL TO BEGIN WITH. WE DON'T OWN ANYTHING THERE.
WE'RE THROWING GOOD MONEY INTO A PIT. WE DON'T OWN.
[01:10:02]
I AGREE WITH YOU THERE. WHAT IS IT? EASTERN STATE COLLEGE OWNS IT.BUT FOR SOME, SOMEHOW WE GOT RESPONSIBLE FOR IT.
BUT IT'S NOTHING MORE THAN AN INTERLOCAL AGREEMENT.
YEAH. USING GETTING ANOTHER PARTNER IN IT THAT CAN I DON'T SEE HOW IT CAN STAY OPEN. I AGREE WITH YOU.
BUT FOR FUTURE, IF THAT'S ANOTHER SOURCE OF REVENUE TO HAVE LIKE A REHABILITATION CENTER, USING IT, HELPING WITH THE EXPENSE OF IT OR.
SO ANOTHER THING I NOTICED AT THE MEETING LAST NIGHT WAS A LOT OF THE PEOPLE THAT CAME UP TO SPEAK WERE PEOPLE THAT WERE MAKING MONEY OFF THE POOL. AND PUTTING NOTHING BACK INTO IT.
EXACTLY. SO THAT WAS ONE OF THE THINGS THAT REALLY STUCK OUT, STOOD OUT TO ME WAS EVERYBODY THAT CAME UP TO THAT PODIUM WAS SOME KIND OF INSTRUCTOR COACH, ONE THING OR ANOTHER, BUT ALL OF THEM WERE MAKING MONEY AND PAYING.
I DON'T EVEN KNOW WHAT IT COST TO GET INTO THE POOL ANYMORE. $4.
THEY WERE PAYING $4 OF THE $68 IT COST TO SERVICE THEM FOR THE TIME THEY WERE THERE.
YEAH, I MEAN, I AGREE. I JUST THOUGHT OF DIFFERENT OPTIONS.
I, I AGREE. I TRY TO SHOTGUN EVERYTHING. MR..
MR. BATTEN. BILL BATTEN 586 OCEAN SPRAY STREET, SOUTHWEST.
WOULD I JUST BATTEN INPUT AGAIN SINCE THIS IS THE ACCOUNTABILITY BOARD AND THAT'S YOUR YOUR MEETING, YOUR SOLUTION MIGHT BE INSTEAD OF TRYING TO KEEP THE THING THAT'S COSTING US MONEY THAT WE DON'T OWN, HOW DO WE HOW DO WE START FOCUSING ON OUR IMPACT FEE THAT WE HAVE THAT WE CAN BE UTILIZING? HOW CAN WE BUILD SOMETHING THAT WILL GENERATE THE FUNDS? IT'LL STILL MEET YOUR NEEDS FOR THE REHABILITATION.
IT'LL STILL MEET THE NEEDS FOR THE SCHOOLS. IF WE MAKE IT A POOL, THAT'S GOING TO BE BENEFICIAL, WE'LL BE ABLE TO SET THE GUIDELINES FOR THEM TO USE IT.
IF THEY DON'T, THAT'S ON THEM. BECAUSE WE OWN IT.
WE HAVE CONTROL OVER IT. IT WON'T BE SOMETHING FROM ANOTHER IDENTITY, AND IT'LL IT'LL TAKE PART OF THE BURDEN OFF OF THE IMPACT FEES THAT WE HAVE, THAT WE HAVE A CERTAIN AMOUNT OF PERIOD ON WHICH TO USE.
WE HAVE TO USE THEM WITHIN A CERTAIN PERIOD. SO IT'LL HELP ALLEVIATE SOME OF THAT CONCERN.
NOW THE NEXT QUESTION, SAY, OKAY, WELL, YOU'RE THE BOARD.
WHAT ARE YOU GOING TO RECOMMEND TO YOUR CITY COUNCIL IS WHERE DO YOU WANT IT? WHAT DO YOU THINK THE FAIR PRICE WOULD BE? HOW ARE YOU GOING TO MAKE IT A BENEFICIAL? YOU KNOW, THAT'S THE RESEARCH THAT I'M ASKING MY ACCOUNTABILITY TASK FORCE TO DO.
OR YEAH, LET'S JUST TAKE THE ROAD BOND MONEY AND PAY FOR THE SWIMMING POOL, WHICH, YOU KNOW, OKAY. BUT THAT THAT'S JUST INPUT TO YOU. SO HOW COULD YOU, HOW COULD YOU DO THAT? IT'LL SOLVE YOUR, IT'LL SOLVE SEVERAL OF THE DILEMMAS AND IT'LL BE A SHOW OF REAL INPUT TO YOUR CITY COUNCIL ON HOW YOU'RE GOING TO HOW THEY'RE GOING TO SOLVE THE PROBLEM.
BECAUSE IF EVERY SEAT IN HERE WAS FILLED LAST NIGHT FOR SOMETHING THAT'S LOSING MONEY, WHEN WE'RE TALKING ABOUT BALANCING A BUDGET, IT DOESN'T MAKE SENSE. AND I DIFFER WITH YOU, TOM.
NOT EVERYBODY GOT UP HERE. WAS MAKING MONEY FROM THE FROM THE POOL, BECAUSE I GOT UP HERE ALSO AND TOLD THEM, DON'T VOTE FOR IT. YOU'RE AN OLD SAILOR. YOU KNOW HOW TO SWIM.
IT REMINDS ME OF MR. FELDMAN'S COMMENT EARLIER.
EVERY TOPIC, EVERYTHING THE CITY DOES, HAS A VOTING BLOC BEHIND IT, SO ABSOLUTELY.
DID YOU HAVE MORE, JUDY? NO, I JUST WANTED TO BRING THOSE TWO UP.
I, YOU KNOW, SAID I HAD. OH, GIVE US A PROBLEM.
LET US HELP FIND A SOLUTION. ABSOLUTELY. MR. CHAIR, I I PUT IT IN FRONT OF YOU. SOME RESEARCH I DID, AND HOPEFULLY IT'S THE FIRST THING THAT WE CAN DO AS A BOARD.
IT IS MY HOPE. AND UNDER NOTE TEN, WHEN WE WERE TALKING ABOUT THIS CAFR, THERE WAS A $20,000,573. NET POSITION IN THE BUILDING FUND.
AND THAT IS ALL PERMIT FEES THAT HAVE BEEN COLLECTED.
[01:15:05]
A COUPLE YEARS AGO, WE USED THE EXCESS. YOU'RE ONLY ALLOWED TO KEEP A CERTAIN AMOUNT OF MONEY.IT'S LIKE A FOUR YEAR AVERAGE RUN RATE IS ALL YOU'RE ALLOWED TO KEEP.
SO THE WAY THEY DEALT WITH SOME OF THAT EXCESS MONEY IN THE PAST WAS A LOT OF IT WENT INTO BUILDING E, BUT JULY 1ST OF THIS YEAR, THE LAW CHANGED AND YOU CAN'T USE THAT METHOD ANYMORE.
AND THE LEGISLATURE IS REALLY PUSHING FOR REDUCED FEES OR NO FEES.
I DIDN'T AGREE WITH THAT. AND WHAT I CAME UP WITH AND WHAT YOU HAVE BEFORE YOU AND I HOPE TO BRING BACK AT THE NEXT MEETING AS AN AGENDA ITEM, IS THE INTEREST OFF OF THAT $20 MILLION IS OVER $1 MILLION A YEAR.
AND WITH THAT MILLION DOLLARS, WE COULD TAKE AWAY ALL THE PERMIT FEES FOR PEOPLE HARDENING THEIR HOMES FOR HURRICANES, CHANGING OUT AIR CONDITIONERS, CHANGING ROOFS.
I THINK YOU SAID ANYTHING THAT ADDS OVER $7,500 VALUE TO THE HOME OR THE RESIDENTS REQUIRES A PERMIT. AND THESE PERMITS WOULD ONLY BE FOR HOMESTEADED PROPERTIES OLDER THAN FIVE YEARS, YOUNGER THAN FIVE YEARS ARE STILL UNDER WARRANTY.
THEY'RE NOT GOOD FOR POOLS OR LUXURY ITEMS. THIS IS BASICALLY FOR HARDENING.
AND I LOOKED AT IT BECAUSE IF YOU HAVE A WATER HEATER, AIR CONDITIONER, SOMETHING GOES BAD TONIGHT AND YOU GO OUT AND BUY IT, BUY A NEW UNIT. THEY'RE GOING TO DELIVER IT TOMORROW.
WELL, YOU'RE SUPPOSED TO GET IT. COME DOWN HERE AND GET A PERMIT FOR IT.
SO WHAT I'D LIKE TO DO IS OFFER SOME RELIEF TO THE HOMEOWNERS AND THE HOMESTEAD HOLDERS, AND MAKE IT SO THEY NO LONGER PAY PERMIT FEES FOR MECHANICAL AND STORM HARDENING. AND I DON'T HAVE A POOL.
I HAVE A WATER RETAINING SYSTEM FOR EMERGENCIES.
FOR EMERGENCIES. SO BUT THAT ALSO THINGS LIKE THAT ALSO PROVIDES ONE OF THE, ONE OF THE THINGS THAT PEOPLE HAVE TROUBLE WITH AS THEY GET OLDER AND WITH FIXED INCOMES IS THE ONGOING MAINTENANCE.
AND WHEN THINGS LIKE THAT HAPPEN, HELPS BRIDGE IT WOULD HELP BRIDGE THE GAP IN, IN HOW DO YOU PAY FOR IT, HOW YOU TAKE CARE OF IT, WHICH AGAIN, CONTINUES TO BUILD EQUITY AND AND VALUE IN, IN THAT ASSET.
AND THAT'S THE ONE THING I'M HOPING WE CAN ALSO DO LONG TERM IS INSURING TEN, 15, 20 YEARS FROM NOW, EVERY AREA, AS MANY AREAS AS POSSIBLE REMAIN A AREA THAT SOMEBODY IS LOOKING AT TO MOVE IN, NOT TO MOVE OUT OF BECAUSE THE MOMENT PEOPLE START MOVING OUT EVERYTHING ELSE BECOMES HARDER TO THAT VALUE BECOMES HARDER TO MAINTAIN AS WELL.
I SHOULDN'T SAY DISPOSED EXPEND IN SOME WAY ANYWAY.
I DON'T KNOW ABOUT THIS PARTICULAR FUND AND HOW IT HANDLED.
SO THAT THE. SO ALL I'M ASKING FOR IS A CONSENSUS TO BRING IT BACK ON THE NEXT AGENDA, AND THEN WE MOVE IT FORWARD FROM THERE, BECAUSE WE CAN'T DO A VOTE OR ANYTHING TONIGHT BECAUSE IT WASN'T ON THE AGENDA.
YEAH. IT'S I MEAN, IT'S NEW BUSINESS. SO WE CAN WE CAN BRING UPON WHATEVER BUSINESS WE WANT TO, TO, TO THE NEXT MEETING. SO THAT'S ALL I'M ASKING FOR IS BRING IT TO THE NEXT MEETING FOR THE SAKE OF TIME.
IF WE WANT TO PAY, IF WE WANT TO ADDRESS TWO ITEMS FOR FOR NEXT, NEXT MEETING.
YOU KNOW, I THINK WHAT WE CAN DO IS BRING IT UP, BRING IT UP TO OUR, OUR, OUR, OUR.
SORRY, I FORGOT YOUR NAME. DEPUTY CITY MANAGER.
WE CAN AND THEN ADD IT TO THE, TO THE NEXT AGENDA AND WE CAN SPEAK TO IT THEN.
SO I WOULD BE FINE WITH BOTH TOPICS UNTIL WE CAN DIG, DIG A LITTLE DEEPER.
SO YOU SHOULD TAKE SOMEBODY SHOULD MAKE A MOTION TO ADD OR TO MOVE FORWARD WITH THE TWO TOPICS.
[01:20:07]
STAY WITH THOSE TWO TOPICS ARE. AND THEN IF YOU HAD FURTHER DISCUSSION AND THEN CALL VOTE.ALL RIGHT. SO DO I HEAR AN ENTERTAIN A MOTION ON THE TOPIC.
DO I HEAR A SECOND? SECOND. ALL RIGHT. ANY DISCUSSION ON THIS TOPIC? HEARING NONE, WE'LL GO AHEAD AND PUT A VOTE. ALL IN FAVOR, SAY AYE.
AYE. ANY OPPOSED? SAY NAY. PASS ME ANY OTHER TOPICS THAT WE'D LIKE TO ADD TO THE NEXT AGENDA. WELL, I JUST WANTED TO ASK THIS SEPTIC SYSTEM IMPACTS WOULD BE COMING DOWN THE ROAD.
HOW CAN WE KEEP THEM? I MEAN, I DON'T KNOW THE WHOLE IMPACT, BUT I HEAR PEOPLE TALKING ABOUT $30,000 TO GO AHEAD AND CONNECT UP TO THE CITY. WATER AND SEWER. WELL, I DON'T THINK IT'S ON.
THERE WE GO. THERE WE GO. OKAY. THE CONNECTION FEES.
WHENEVER THE CITY GETS TO OUT TO THE AREAS THAT DON'T HAVE CITY SEWER OR CITY WATER.
THOSE IMPACT FEES. I'VE HEARD IT CAN BE AS MUCH AS $30,000 PER HOUSE.
DOES ANYBODY CITY MANAGER THERE KNOW ANYTHING ABOUT THAT? IT CAN BE AROUND $20,000 TO GET IT TO THE CURB.
AND THEN YOU HAVE TO HIRE CONTRACTORS TO GET IT FROM THE CURB TO YOUR HOUSE.
SO THAT'S WHERE YOUR ADDITIONAL MONEY. YOU'RE SPEAKING FROM IS PROBABLY COMING FROM.
IS THAT INDEPENDENT CONTRACTOR, A THIRD PARTY CONTRACTOR TO BRING IT FROM THE STREET TO YOUR HOUSE? BUT YEAH, IT'S EXPENSIVE JUST TO GET IT TO THE STREET.
IS THAT SOMETHING, IS THAT SOMETHING THAT WE HAVE? WE SHOULD EVEN DISCUSS, I DON'T KNOW. WELL, IT'S NOT A NET DRAW.
REALLY DOESN'T HAVE AN IMPACT TO THE CITY BUDGET. YEAH, I THINK WOULD BE MINIMAL FOR SURE, IF I MAY. YES. WE HAVE A GRANT PROGRAM THAT'S FUNDED BY ARPA TO CONNECT FOLKS TO DO THE SEWER SEPTIC TO SEWER CONVERSION COVERS MOST OF THE COST IS RIGHT AROUND 6500 TO $7500 AND IT COVERS THE CONNECTION FEE TO THE HOUSE.
THAT'S WHEN THE PIPE IS THERE, THOUGH. YEAH. THAT'S WHEN THE, WHEN THE, WHEN THE LINE IS IN FRONT OF THE HOUSE AND THEN YOU'RE MAKING THE CONNECTION TO THE HOME. THE GRANT WILL COVER THAT. IS THAT BASED OFF OF THE INDIAN RIVER LAGOON IMPACT AT THAT PARTICULAR RESIDENCE HAS.
BECAUSE I MEAN, IT GOES I'VE LOOKED AND I'VE SEEN $4,000 AND I'VE SEEN $30,000.
AND THE MAP THAT I WILL LOOK I WAS LOOKING AT.
SO I MEAN, IS IT VARIABLE IN THAT MANNER? I'M NOT, I'M NOT SURE ABOUT THAT.
BUT WE ALSO WE DO HAVE SEVERAL DOLLARS AS WELL.
AND IF THAT GETS RENEWED, WE WILL CONTINUE THAT PROGRAM USING THE INDIAN RIVER, SAVE OUR INDIAN RIVER LAGOON DOLLARS TO CONTINUE TO DO SEPTIC TO SEWER CONVERSIONS. BUT I'M NOT SURE ON THE FINANCIAL SIDE, WHAT IT IS NOW IS A GRANT.
WHAT IS THE BALANCE OF THE GRANT? I WILL HAVE TO FIND OUT FOR YOU.
OKAY. AND THEN ALSO WHILE I'M DOING THAT, I'LL FIND OUT IF THERE'S ANY INCOME REQUIREMENTS, BUT I DON'T BELIEVE THERE ARE. OKAY. YEAH. IT'S ALL RIGHT.
I WAS JUST I WAS JUST GOING TO ASK IF YOU HAD ANY IF YOU'VE SEEN ANY DATA OR ANY IDEAS.
I MEAN, YOU'VE GOT THREE TAXING THINGS ON THE BALLOT IN NOVEMBER.
IF YOU'RE GOING TO BE CONSISTENT. SO IF THEY'RE GOING TO VOTE AMENDMENT THREE INTO PLACE, THERE'S NO GUARANTEE SORREL'S GOING TO GET APPROVED OR TO SCHOOL BOARD TAX. THERE'S A WORST CASE SCENARIO IN THERE SOMEWHERE.
[01:25:08]
IF YOU'RE GOING TO CUT TAXES AND YOU'RE GOING TO VOTE FOR AMENDMENT THREE, VOTE FOR THEM ALL.TAKE ALL THE TAXES BACK. THAT'S ALL I HAD.
IF YOU DON'T HAVE A SECOND ONE, THAT'S FINE. YEAH.
YOU CAN GET STARTED WITH ONE AND DO YOUR FEE WITH ENTERTAINING ANY OTHER.
DO YOU WANT TO PUT THAT ON YOUR STUFF ON OCTOBER OR NOVEMBER? JUDY. BECAUSE OUR, OUR NOVEMBER MEETING WOULD BE AFTER THE VOTE AND WE WOULD HAVE A BETTER FEELING.
THAT'S JUST IT. IT WOULD NOT BE ON A TIMELY MANNER TO, TO DO THAT.
AND HOPEFULLY I, I DID EMAIL MR. MORTON A COPY OF THIS.
SO IF THEY HAVE ANY INTEREST AT ALL. OH, SURE.
THEN YOU KNOW IT'S SOMETHING THAT THEY CAN LOOK INTO.
YEAH. IT'S ONE OPTION. ABSOLUTELY. OKAY. WELL I THINK WE'RE AT THE MOMENT.
RIGHT. WE'RE SET WITH THE ONE AND WE CAN MOVE FORWARD WITH THAT ONE.
I'D JUST LIKE TO THANK MR. FELDMAN. YEAH. IT'S BEEN GOOD SEEING YOU AGAIN.
JUST A BIT. WHEN I, WHEN I STARTED HERE, OUR POPULATION WAS WELL OUR SIZE WAS 66MI² AND POPULATION WAS ABOUT 80,000. WHEN I LEFT EIGHT AND A HALF YEARS LATER, WE WERE AT 100MI² AND A LITTLE OVER 100,000. I TAKE GREAT PRIDE THAT WE I STARTED WE WERE THE STEPCHILD OF MELBOURNE. AND WHEN WE WHEN I LEFT, WE WERE THE THE BIG ONE IN THE, IN THE COUNTY. SO A LOT OF GROWTH TOOK PLACE, BUT A LOT MORE HAS TAKEN PLACE SINCE THEN.
AND THE ONE THING THAT HAS NOT CHANGED IS MR. BENTON. THANK YOU ALL FOR THE OPPORTUNITY. THANK YOU FOR.
YEAH, THANK YOU FOR YOUR SERVICE. ABSOLUTELY.
ALL RIGHT. DO WE HAVE ANY OTHER BUSINESS? TECHNICALLY, WE HAVE TO VOTE ON ADJOURNMENT.
RIGHT. DO WE VOTE ON DO WE TECHNICALLY VOTE ON ADJOURNMENT? YOU NEED A MOTION TO MOTION TO ADJOURN. I'LL MAKE A MOTION TO ADJOURN.
SECOND. SECOND. HEARING. ALL IN FAVOR? YEAH, I.
MOTION ADJOURNED. THANK YOU. HAVE A GREAT DAY.
* This transcript was compiled from uncorrected Closed Captioning.