[MEETING TO ORDER]
[00:00:17]
MEETING, STAND FOR THE PRAYER AND PLEDGE OF ALLEGIANCE.
>> ARISE, SHINE, FOR YOUR LIGHT HAS COME AND THE GLORY OF THE LORD HAS RISEN UPON YOU, WE ARE THANKFUL THAT YOU ARE JUST FOR YOUR MERCY EVERY MORNING, YOU PROVIDE THE RIGHT THINGS AT THE RIGHT TIME, WE COME TO YOU ASKING FOR WISDOM AND INSIGHT, FOR THIS FY 26 BUDGETING SEASON, WE ASK FOR STRENGTH WITH ALL UTILITY BUSINESS, TO ASSIST WITH COMMUNITY ENGAGEMENT, WE PRAY THAT THE CITY OF FORT PIERCE WILL BECOME A GREATER AND MORE EFFECTIVE CITY IN EVERY WAY, WE PRAY SPECIFICALLY FOR THE NEW CITY MANAGER AND THAT YOU WILL ASSIST WITH THE NEW TRANSITION.
FOR THE NEW DAWN AND THE SUN IS RISING ON THE SUNRISE CITY, WE
PRAY THIS IN JESUS NAME, AMEN. >> 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. >> PLEASE CALL THE ROLL.
>> MRS. BENNETT? MRS. DAVIS, MRS. GIBBONS?
[A. SET THE AGENDA]
>> DO WE HAVE A MOTION TO APPROVE THE AGENDA?
>> WE WILL OPEN UP THE FLOOR FOR COMMENTS FROM THE PUBLIC IF ANYBODY WISHES TO COME FORWARD TO MAKE COMMENTS, PLEASE DO SO,
[C. APPROVAL OF MINUTES]
NO ACTIVITY FROM THE GALLERY, WE WILL CLOSE THE PUBLIC SECTION OF THE MEETING. HAS EVERYBODY HAD A CHANCE TO REVIEW THE MINUTES OF THE LAST MEETING? MAY I HAVE A MOTION TO APPROVE?[D. CONSENT AGENDA]
>> MRS. BENNETT, MRS. GIBBONS, MRS. FEE?
>> YES. >> DOES ANYBODY WISH TO CHANGE ANYTHING ELSE WITH THE CONSENT AGENDA? IF WE ARE SATISFIED, CAN
I HAVE A MOTION TO APPROVE? >> MOVE APPROVAL.
>> SECOND. >> MRS. BENNETT, MRS. DAVIS,
[E.1. Note of thanks from the Treasure Coast Food Bank for the 17th annual Empty Bowls Event]
MRS. GIBBONS, MR. FEE? >> YES.
>> THE FIRST ITEM IS A THANK YOU NOTE .
>> ARE WE HAVING TECHNICAL DIFFICULTIES? I TRUST THE THANK
[E.2. Wet Lime Residual Hauling]
YOU NOTE WAS WELL-RECEIVED. WHY DON'T WE MOVE ONTO THE NEXTITEM? >> THE NEXT ITEM IS A CONTRACT
FOR CASE STEVENS . >> THANK YOU BOARD MEMBERS, CHAIRMAN, I'M HERE TODAY TO TALK ABOUT WHAT LINE RESIDUAL HAULING, PART OF THE PROCESS WE DO AT THE WATER TREATMENT PLANT IS WITH THE SOFTENING SIDE, WE CREATE SOMETHING CALLED LINE RESIDUAL, WE HAVE TWO WAYS OF REMOVING IT, WE HAVE WHAT LINE AND DRY LINE, IT IS ALL WET WHEN IT FIRST COMES OUT, WE PUMP SOME IN THE DRYING POND IN THE PLANT, WE CALL IT OFF, WE ALSO HAVE WET LINE HAULING AND THE REASON WE DO BOTH PROCESSES IS IF WE LOSE EITHER ONE OF THOSE DURING THE YEAR WHICH I COULD STOP THE PROCESS OF WATER TREATMENT OF GETTING RID OF THE WASTE, WE ALWAYS CAN FALL BACK ON THE OTHER ONE TO CONTINUE REMOVING THE LINE RESIDUALS FROM THE WATER TREATMENT PLANT. SO AS IT
[00:05:03]
SAYS HERE, WE WENT OUT TO DEMAND STALL ON JANUARY 16TH, 2025, IT WAS ADVERTISED, WE DID AN OPENING ON FEBRUARY 20TH , WE HAD THREE PEOPLE THAT RESPONDED TO THE BID, ONE OF THEM WAS A LOCAL, WE CHOSE THE LOCAL ONE AND AS YOU CAN SEE, IT IS FOR 330,000, SO WHAT WE RECOMMEND, AND THAT IS FOR THE WHOLE YEAR AND THE RECENT IT IS SO BIG IS IF WE LOST THE ABILITY TO HAUL OFF THE DRY, THAT IS ENOUGH TO COVER THE WHOLE YEAR FOR THE WESTSIDE, FOR REMOVING AT ALL. NORMALLY WE ONLY USE ABOUT 100,000 OF THAT, WE TRY TO REDUCE THAT BECAUSE THAT IS A LITTLE MORE EXPENSIVE, SO AT THIS TIME WE RECOMMEND A WORD OF A BID AND CONTRACT WITH WHAT THE CONTRACT IS HAULING FOR ACCURATE SUBJECTS, IN AN AMOUNT NOT TO EXCEED 330,000 ANNUALLY, THE INITIAL TERM OF THE CONTRACT FROM APRIL 1ST, 2025 THROUGH MARCH 21ST, 2030, CONTINGENT RECEIVING THE REQUIRED CERTIFICATE OF INSURANCE. ANY QUESTION?>> ANY QUESTIONS FROM THE BOARD? MOTION TO APPROVE.
>> MRS. BENNETT, MRS. DAVIS, MRS. GIBBONS, MR. FEE?
[E.3. St. Lucie Village Wastewater Interlocal Agreement]
>> YES, MA'AM. >> THANK YOU CHAIRMAN, THE NEXT ITEM IS A REQUEST TO APPROVE AGREEMENT TO BRING WASTEWATER TO ST. LUCIE VILLAGE, THE SUPERVISOR ENGINEER WILL PRESENT THIS AGREEMENT REQUEST AND I WANT TO MENTION THIS ITEM ALIGNS WITH FPUA GOAL TO EXPAND OUR UTILITY SYSTEM.
>> THANK YOU, FELLOW MEMBERS OF THE BOARD, TODAY I'M HERE TO ASK YOUR APPROVAL FOR THE ST. LUCIE VILLAGE WASTEWATER INTERLOCAL AGREEMENT BETWEEN THE TOWN OF ST. LUCIE VILLAGE AND TO APPROVE AN FPUA CONTRIBUTION IN AN AMOUNT NOT TO EXCEED $1.1 MILLION IN THE FORM OF CAPITAL IMPROVEMENT CHARGE CREDITS. DUE TO THE VILLAGES CLOSE PROXIMITY TO THE VILLA LAGOON, THE VILLAGE HAS BEEN AWARDED WATER QUALITY GRANT TO COVER THE ENTIRE COST OF THE FIRST OF THREE PHASES OF THE LOW-PRESSURE SEWER SYSTEM IN THE AMOUNT OF $1.1 MILLION. THE INTERLOCAL AGREEMENT IS FOR THE ENTIRE PROJECT IN THE HOPES THAT A VILLAGE WILL BE AWARDED FUTURE GRANTS FOR THE FUTURE PHASES. THE ENTIRE PROJECT WILL SERVE APPROXIMATELY 382 PARCELS, AND IS VERY IMPORTANT TO POINT OUT THAT ALL OF THE INFRASTRUCTURE WILL BE TURNED OVER TO FPUA ONCE THE PROJECT IS COMPLETED. THIS PROJECT IS SIMILAR TO A MUNICIPAL SERVICE BENEFIT UNIT, IN THAT THE INFRASTRUCTURE COSTS ARE PAID BY THE CUSTOMERS, IN THIS CASE, THE VILLAGE. AS IS TYPICAL IN PROJECTS WHERE THE CUSTOMERS FUND THEIR OWN INFRASTRUCTURE AND TURN THAT OVER TO FPUA, STAFF IS RECOMMENDING APPLYING A CONTRIBUTION TO THE PROJECT IN AN AMOUNT EQUAL TO THE WASTEWATER CAPITAL IMPROVEMENT CHARGES, IN THE TOTAL AMOUNT OF $1,181,895. THE CONTRIBUTION WOULD BE APPLIED AS CREDITS AT THE TIME OF CONNECTION OF THE INDIVIDUAL PARCELS AND MAKE IT MORE FAVORABLE FOR THE PROPERTY OWNERS TO CONNECT WITH UA, MORE CONNECTIONS WILL INCREASE WASTEWATER REVENUE, WHILE BEING CONSISTENT WITH OUR WASTEWATER EXPENSES, STRATEGY , THEREFORE STAFF REQUEST APPROVAL OF THE WASTEWATER INTERLOCAL AGREEMENT AND THE CONTRIBUTION IN THE AMOUNT NOT TO EXCEED $1.1 MILLION IN THE FORM OF CAPITAL IMPROVEMENT CHARGES. WITH THAT I'M HAPPY TO ANSWER ANY
QUESTIONS YOU MAY HAVE. >> QUESTIONS FROM THE BOARD?
>> GO AHEAD. >> OKAY, I JUST HAVE ONE QUESTION, THE COST THAT IT WOULD COST FOR THE CUSTOMERS TO ACTUALLY HOOK UP TO THE SYSTEM, HOW MUCH WOULD THAT BE, WOULD THEY PAY JUST FOR, FROM THEIR HOUSE TO THE METER? OR WHAT
WOULD THEY PAY ? >> YES, IT WOULD BE FROM THEIR HOUSE TO THE MAIN, ALL OF THE OTHER INFRASTRUCTURE COST WOULD
BE COVERED BY THE GRANT. >> THANK YOU.
[00:10:05]
>> JUST OUT OF CURIOSITY, MOST OF THAT AREA IS ON SEPTIC, RIGHT? SO DO THEY HAVE TO REMOVE THEIR EXISTING SEPTIC SYSTEM?
>> IT WOULD BE ABANDONED IN PLACE.
>> SO BASICALLY YOU HAVE TO WORK AROUND THE EXISTING SEPTIC
SYSTEM TO CONNECT? >> YES, SIR.
>> ARE THEY GIVEN A CHOICE TO HOOK UP, OR IS IT PRETTY MUCH MANDATED NOW, AS TO THE LOCATION?
>> IF WITHIN A CERTAIN DISTANCE OF A FORCED MAIN, THE HEALTH DEPARTMENT WILL NOT ISSUE A PERMIT FOR DRAIN KILL REPLACEMENT IF THERE IS A SEWER AVAILABLE, SO THEY ARE NOT REQUIRED TO HOOK UP RIGHT AWAY OR AT A POINT WHERE THE SEPTIC SYSTEM FAILS, THEN THEY WOULD BE REQUIRED TO
LAST YEAR. >> IT WOULD BE A COUPLE THOUSAND
DOLLAR, 10,000 TO BUILD. >> THE TAKE AWAY FROM THIS ONE, IT IS BEING FUNDED SUBSTANTIALLY FROM THE GRANT.
>> HI, HOW ARE YOU? SO, WE ARE AT 2.3 THERE ARE THREE PHASES,
THAT RIGHT? >> IT IS ACTUALLY 1.1 MILLION.
>> OUR CONTRIBUTION WILL BE 1.1, AND THEY ARE ALSO GETTING A GRANT FOR 1.1, PLUS SOME CHANGE. IS THAT ACCURATE? I JUST WANT TO
MAKE SURE I UNDERSTAND RIGHT. >> SO, A GRANT FOR 1.7, OR CONTRIBUTIONS ONLY TO COVER THE COST OF CONNECTION FEES, SO WHEN THE RESIDENTS TO CONNECT, INSTEAD OF ADDING ON OR TAKING ON WHAT THEY ARE PAID TO CONNECT, THAT IS DEDUCTED.
>> OKAY, GREAT, SO THE FIRST PHASE, WHAT IS THE TIMELINE ON THAT AND HOW MANY HOMES ARE INCLUDED IN THAT SPACE?
>> THE CONSTRUCTION IS ESTIMATED TO BE ABOUT SIX MONTHS OR SO, BUT FIRST PHASE, THERE'S GOING TO BE 137 PROPERTIES IN THE
FIRST PHASE. >> THAT'S GREAT ACTUALLY. AND YOU SAID THERE WERE A TOTAL UP 300?
>> 382 PARCELS. >> AND FOR THE WHOLE PROJECT TO BE COMPLETED, HOW LONG IS THAT?
>> SO, THE VILLAGE IS CURRENTLY WORKING ON TRYING TO GET MORE GRANTS IF AT ALL POSSIBLE FOR THE FUTURE PHASES, SO THERE'S NOT AN ACTUAL TIMELINE RIGHT NOW AS TO WHEN IT WILL BE CONSTRUCTED BUT THEY ARE ACTIVELY ADVERTING MORE FUNDING.
>> OKAY, I JUST WANTED A LITTLE MORE DETAIL.
>> WHAT WAS THE TOTAL COST FROM THE VERY BEGINNING TO THE END?
>> IT WAS $1,166,805 . >> AFTER THE FIRST PHASE? WHAT IS THE COST AFTER THE SECOND PHASE?
>> THAT IS TO BE DETERMINED. >> CAN YOU SPECULATE, MAYBE GIVE ME EGG ESTIMATION OF WHAT YOU THINK THAT MIGHT BE?
>> SO, OUR CONTRIBUTION IS NOT GOING TO CHANGE.
>> WHAT IS GOING TO BE THE COST OF YOU PUTTING IN THIS INFRASTRUCTURE OR DOING THREE PHASES?
>> SO, THIS CONTRIBUTION IS FOR ALL THREE PHASES. YES, SIR.
>> THE QUESTION THAT I HAVE, SIR, THESE FUNDS, THEY WERE PROCURED BY THE VILLAGES OR BY FPUA ?
>> BY THE VILLAGE. >> SO WE ARE CONTROLLING THE USE
OF THESE FUNDS? >> THEY HAD THE CONTRACTOR, DOING ALL THEIR WORK, WHICH IS CONTRIBUTING CSU CREDITS AND IN TURN, GETTING MORE CUSTOMERS FOR REVENUE AND BRAND-NEW INFRASTRUCTURE. IN THE FORM OF A LOW-PRESSURE SEWER SYSTEM.
>> I HAD THE SAME QUESTION, WHEN I SPOKE YESTERDAY TO JAVIER ABOUT THAT. THEY ARE AT THEIR OWN TOWN, SO THEY ARE NOT UNDER
[00:15:05]
THE CITY OF FORT PIERCE, SO THEY ARE THEIR OWN CITY BASICALLY, THEIR OWN VILLAGE, SO THEY HAVE THEIR OWN COMMISSIONERS AND ALL OF THAT, SO THE WAY THEY ARE GOING TO RUN THEIR GRANTS WOULD BE SIMILAR TO HOW THE CITY OF FORT PIERCE WOULD.>> I WOULD LIKE TO ADD ONE THING BECAUSE I THINK THERE MIGHT BE A LITTLE BIT OF OVERLAP HERE, WE HAVE THE CONSTRUCTION COST, THE ACTUAL CONSTRUCTION COST WHICH IS SEPARATE FROM THE CIC, THE CONSTRUCTION COST IS 1.1 MILLION AND THE CIC'S ARE A CHARGE THAT WE WOULD GET FROM THE RESIDENCE WHEN THEY CONNECT TO THE SYSTEM, SO WE ARE NOT GOING TO COLLECT THAT AS A CONTRIBUTION BECAUSE THEY ARE BRINGING ASSETS, THEY ARE BRINGING THE PROJECT TO US AND PUTTING IN AN ASSET THAT WE WILL EVENTUALLY TAKE OVER AS OUR SYSTEM, SO THAT IS VERY COMMON PRACTICE THAT WE DO, WE CONTRIBUTED THE CIC'S AND WHERE WE DON'T COLLECT THEM, WE SAY CONTRIBUTE BUT THERE'S NOT AN EXCHANGE OF MONEY OF CIC'S.
>> CLOSE TO IT, YEAH. >> VERY COMMON IN THE SBU PROJECT AS MENTIONED EARLIER, THAT THEY WOULD PAY FOR THE INFRASTRUCTURE COST AND WE WOULD CONTRIBUTE THE CAPITAL CHARGES, THE CIC'S SO THAT KIND OF HELPS THEM MOVE THAT PROJECT ALONG. SO WE'VE GOT TWO DIFFERENT THINGS, CONSTRUCTION COSTS AND CONNECTION FEES, WE ARE ESSENTIALLY WORKING WITH OUR CONNECTION FEES AND THAT IS OUR CONTRIBUTION FOR THEM TO BE
SUCCESSFUL. >> SO, THE 1.1, WHICH FEES ARE
THOSE? CONSTRUCTION COSTS? >> THE 1.18 IS CAPITAL
IMPROVEMENT CHARGES. >> AND THE 1.16 IS THE CONSTRUCTION COSTS, THE VILLAGE WOULD BE PAYING THEIR CONTRACTORS FOR THAT INFRASTRUCTURE.
>> THE AMOUNT YOU ARE ASKING US TO CONTRIBUTE, I UNDERSTAND, I UNDERSTAND IT IS CIC BUT UTILIZATION OF THE FUNDS?
>> SO, THE CIC, SO IF YOU LIVED IN THE VILLAGE AND YOU WANTED TO CONNECT ONE OF THESE LOW-PRESSURE SEWER SYSTEMS, IT WOULD SAY IN A STATEMENT IT WOULD COST YOU $8000 TO CONNECT BUT BECAUSE WE ARE CONTRIBUTING CAPITAL IMPROVEMENT CHARGES, LET'S SAY THAT CHARGE WAS $1000, WE WOULD THEN DEDUCT $1000 FROM WHAT YOUR CONNECTIONS FEES WOULD BE? SO ESSENTIALLY, CREDIT UP-FRONT THOSE IMPACT FEES FOR THE CUSTOMERS, SO THAT IS, THEY DON'T HAVE TO PAY TO CONNECT TO THE SERVICE.
>> SO THIS IS REALLY AN ESTABLISHED RIVER -- RESERVE IN THE EVENT . WHAT HE'S ASKING FOR HERE IS AN ESTABLISHED RESERVE IN THE EVENT WE WORK TO GET THE CUSTOMER TO DECIDE TO
HOOK UP. >> IT IS NOT A RESERVE, IT IS MONEY WE WOULD COLLECT IF THEY DID CONNECT AND WE ARE SAYING YOU DON'T HAVE TO PAY FOR THAT CONNECTION FEE.
>> BUT THE APPROVAL WE ARE GRANTING FOR TODAY, TO CONTRIBUTE AN AMOUNT NOT TO EXCEED 1.18.
>> I THINK I KNOW WHAT -- >> IT SHOULD BE PROBABLY TO
WAIVE THAT TERMINOLOGY. >> THAT IS GOING TO BE A SEPARATE ACCOUNT, AND PLEASE STOP ME IF I'M SAYING THIS WRONG, AS CUSTOMERS COME ONLINE, THEY WILL REMOVE IT FROM THAT LINE AND PUT IT TOWARDS THE CUSTOMERS THAT ACCOUNT.
>> IT IS REALLY JUST ASKING US TO SET ASIDE, AND I GUESS THAT
IS WHERE I WANT TO GET. >> I THINK THAT IS A BETTER SUGGESTION, AND WE CAN MAKE SURE WE DO THAT MODIFICATION FOR FUTURE AGENDA ITEMS, A WAIVER FOR THE CAPITAL PER MINUTE CHARGES WHICH IS MORE APPROPRIATE, IT SOUNDS LIKE IT
WOULD LAND BETTER. >> DO WE HAVE A MOTION TO
APPROVE? >> MOTION TO APPROVE.
>> SECOND. >> MRS. BENNETT, MRS. DAVIS,
MRS. GIBBONS, MR. FEE ? >> YES, MA'AM.
[E.4. GFOA DISTINGUISHED BUDGET PRESENTATION AWARD]
>> THE REST OF THE AFTERNOON WILL BE A FINANCE EXTRAVAGANZA, WE LOOK AT THE SHOW STARTED WITH A GOVERNMENT FINANCE OFFICER ASSOCIATION AWARD PRESENTATION, MICHELE HARRIS WILL PRESENT THIS
[00:20:05]
ITEM. >> THANK YOU MR. CHAIRMAN, BOARD MEMBERS, WE ARE PROUD TO BE RECOGNIZED BY THE GOVERNMENT FINANCE OFFICERS ASSOCIATION AS A RECIPIENT OF THE DISTINGUISHED BUDGET AWARD FOR OUR FISCAL 25 ANNUAL BUDGET, THE ANNUAL BUDGET HAS BEEN RATED EITHER PROFICIENT OR OUTSTANDING IN FOUR DIFFERENT AREAS, IT IS A POLICY DOCUMENT, A FINANCIAL PLAN, OPERATIONS GUIDE AND COMMUNICATION TOOL. THIS YEAR WE ARE AWARDED A SPECIAL RECOGNITION IN TWO DIFFERENT AREAS, ONE WAS THE BUDGET PROCESS AND ONE WAS THE CAPITAL PROGRAM. THAT MEANS ALL THREE REVIEWERS WHO READ THIS DOCUMENT RATE US OUTSTANDING IN THOSE AREAS, THE BUDGET PROCESS THOUGHT IT WAS OUTSTANDING THAT WE PREPARE, REVIEW AND PRESENT IT. THE REVIEWERS MADE POSITIVE REMARKS ABOUT THE CLP, OUR PRESENTATION, OR DETAIL, HOW THE PLAN WORKS AND HOW WE ARE ALL PARADING -- OPERATING THE BUDGET, AND THAT IS THE FIRST TIME WE HAVE EVER GOTTEN SPECIAL RECOGNITION FOR OUR CAPITAL SO WE ARE VERY PROUD OF THAT AND WE ARE HOPING OUR OTHER AGENCIES USE THAT, IN OTHER SPECIAL WORK
[E.5. Investment Portfolio Update]
PROGRAMS, THEY ARE GOING TO START TO LOOK AT HOW -- AUDIO - CAPTIONER STANDING BY]>> THAT IS A STATE RUN MUNICIPAL INVESTMENT MANAGEMENT ORGANIZATION, OUR FUNDS ARE A PART OF THE LOCAL GOVERNMENT INVESTMENT POOL, THAT IS WHERE INVESTMENTS ARE MANAGED AS ONE FUND, THE MONEY MARKET ACCOUNT WITH SEACOAST BANK HOLD OUR BOND ISSUANCE FUNDS THAT ARE SEGREGATED BECAUSE THEY ARE RESTRICTED AND TRACKING ALL EARNINGS AND INTEREST EARNINGS EASILY, IT IS THEN DISTINGUISHED FOR OUR CALCULATIONS IN THE MONEY MARKET WITH PNC BANK IS UNRESTRICTED FUNDS AND IT IS VERY EASILY ACCESSIBLE FUNDS, JUST A MONEY MARKET FUND. WE HAVE CERTIFICATES OF DEPOSITS AND TREASURIES, THERE ARE SHORT-TERM INVESTMENTS AND THEY ARE HELD WITH SEVERAL DIFFERENT BANKING INSTITUTIONS, THE FIRST ONE IS LISTED AS LPL FINANCIAL WEALTH MANAGEMENT THAT IS A PART OF SEACOAST BANK, THEY HAVE AN INVESTMENT PORTFOLIO THAT THEY PUT TOGETHER AND IT HAS A LIST
[00:25:02]
OF CDS AND TREASURIES WITH DIFFERENT BANKING INSTITUTIONS AND U.S. GOVERNMENT FOR THE TREASURIES AND THEY ARE FLATTERED WITH DIFFERENT INTERVALS SO THAT MONEY BACK, WA -- FDIC INSURED, AND WE HAVE TWO OTHER CERTIFICATES OF DEPOSIT OF LOCAL BANKS THAT MAKE A DOMAIN OF OUR CD PORTFOLIO, AND WE CHOOSE THAT DEPENDING ON THE RATE THAT IS AVAILABLE WITH SIX-MONTH OR NINE-MONTH OR WHATEVER SEEMS OUR INTEREST EARNINGS ARE $7 MILLION, IN 2023, EARNINGS ON VERY SIMILAR ACCOUNTS, DIFFERENT BALANCES, $3.5 MILLION IN INTEREST. I WANT TO TALK A LITTLE BIT ABOUT THE INVESTMENT TYPES, THE FUNDS THAT ROLL INTO THEM OVERNIGHT IN TERMS OF INSURED INVESTMENTS AND THEY RETURN TO OUR ACCOUNT EACH DAY TO USE AS OPERATING CASH. AND WITH SEACOAST AND OVERNIGHT INVESTMENTS ALL INSURED. MONEY MARKET ACCOUNTS ARE EXTREMELY ILLIQUID AND ARE SUBJECT TO FDIC LIMITATIONS, MONEY MARKET ACCOUNT WITH OUR BOND PROCEEDS WITH SEACOAST BANK, AGAIN, JUST THOSE BOND PROCEEDS PLUS THEIR RESTRICTED FUNDS. AND WE HAVE THE MONEY MARKET WITH PNC WHICH ARE UNRESTRICTED FUNDS AS I MENTIONED AND A LITTLE BIT LATER IN THIS PRESENTATION, I WANT TO TALK A LITTLE BIT ABOUT DISCUSSION THAT THE INVESTMENT COMMITTEE WILL BE HAVING TO OPTIMIZE OUR EARNINGS ON THOSE FUNDS, BRING THEM UP A LITTLE BIT HIGHER, PUT IN DIFFERENT INVESTMENTS FOR INVESTMENT MANAGEMENT COMPANY. AND CERTIFICATES OF DEPOSIT, WE HAVE WITH OUR AND TRUST . AND IN JULS A 12 MONTH AND ONE WAS A FIVE MONTH CD. SO, OUR MANAGEMENT INVESTMENTS, THE ONE WE HAVE EXISTING IS WITH LPL FINANCIAL, IT IS A WEALTH MANAGEMENT GROUP LIKE SEACOAST BANK AND THEY HAVE PUT TOGETHER A PORTFOLIO OF 2022 AND IT HAS A MIX OF CDS AND TREASURIES, AND DIFFERENT BANKING INSTITUTIONS AND WITH TERMS FROM SIX MONTHS TO 18 MONTHS DEPENDING ON WHAT'S OUT THERE AND WHAT IS AVAILABLE AT GOOD RATES. THE STATE BOARD OF ADMINISTRATION IS A STATE CONSTITUTIONALLY CREATED INVESTMENT A POLITICAL , TRUSTEES CONSIST OF THE GOVERNOR, THE CHIEF FINANCIAL OFFICER THE STATE OF FLORIDA. THEY WITH FITCH . SO A LITTLE BIT MORE ABOUT OUR WEALTH MANAGEMENT, AGAIN, WE'LL TALK MORE ABOUT LPL, WHEN WE BEGAN WITH THEM IN 2022, WE WERE LEARNING ABOUT 4.5 TO 4.8%, THE AVERAGE YIELD FOR THIS PAST YEAR WAS 5.9, JUST ALMOST 6% THAT WE EARNED WITH THEM. IT IS A SMALLER POOL OF MONEY THAN OTHER INVESTMENTS WE HAVE, BUT A LITTLE OVER $5 MILLION, BUT THE MIX OF TREASURIES WITH FDIC, IT IS VERY SECURE, VERY SAFE INVESTMENT, AGAIN, THEY WOULD ALLOW FOR DIFFERENT MATURITIES, SO THEY WOULD AN EARLY ACCOUNT, YOU DON'T NEED THE FUNDS TO PULL BACK OUT. WE ARE CONSIDERING ANOTHER INVESTMENT, THE INVESTMENT BE CONSIDERING THIS WEEK LOOKING AT PUTTING THAT INTO ANOTHER[00:30:03]
MANAGEMENT PORTFOLIO. AND THAT WOULD DIVERSIFY FROM THE MONEY MARKET, THE INVESTMENT TO CORPORATE BONDS TO TREASURIES, THE CORPORATE BONDS WOULD BE RATED AAA OR BETTER.THE TREASURIES OF COURSE ARE FULLY INSURED AND TO PUT THIS AS WELL AS THE OTHER MANAGEMENT PORTFOLIOS, THEY ARE VERY SECURE COMPANIES, THEN COMPANIES THAT WOULD BE ON THE CORPORATE SIDE AND THE TREASURY RATES. SO, IN CLOSING, WE GIVE CLOSE CONSIDERATION, WE ARE GETTING CLOSER CONSIDERATION TO THE WEALTH MANAGEMENT PORTFOLIOS BEAUSE THEY SAFETY AND LIQUIDITY AND OF GETTING OUR MONEY BACK AND THE YIELD WE ARE GETTING , SO WE WOULD LIKE TO GROW WHAT WE HAVE INSTEAD OF LEAVING IT IN THE MONEY MARKET WHICH AT THIS POINT THE MONEY MARKET IS FDIC INSURED BUT NOT TO THE EXTENT THAT THE FULL BALANCE, SO THIS WOULD ENSURE THOSE FUNDS GO FURTHER THAN THEY ARE. WE CURRENTLY HAVE 96% INSURED INVESTMENTS, WE DO HAVE CDS THAT EXCEED THAT FDIC LIMIT SO SOME ARE NOT INSURED BUT THEY ARE SAFE IN A LOCAL BANK SOMEWHERE, WE ARE CONFIDENT WE ARE NOT GOING TO LOSE IT. YOU HAVE TO TAKE SOME RISK. IN ANY EVENT, ALL OF OUR INVESTMENTS THAT WE MAY CONFORM TO OUR INVESTMENT POLICY AND WE ARE VERY CONFIDENT WITH THOSE. SO THAT IN A NUTSHELL IS OUR INVESTMENTS AND WHAT WE ARE TRYING TO DO TO MAKE THEM A LITTLE BIT BETTER, IF YOU HAVE
ANY QUESTIONS? >> ANY QUESTIONS FROM THE BOARD?
>> I HAVE A COUPLE OF QUESTIONS, THANK YOU FOR DOING THIS, I DON'T RECALL SEEING THIS BEFORE.
>> IT IS KIND OF CONDENSED, BUT THE PRESENTATION WAS DUE.
>> YEAH, I LIKE IT. SEVERAL YEARS AGO WE SPOKE ABOUT MOVING MONEY INTO ACCOUNTS SO, THIS PROBABLY ALREADY EXISTED THAT I DIDN'T EVEN KNOW ABOUT IT, SO WHEN DID WE START TRYING TO PUT MONEY INTO MONEY MARKETS AND ALL OF THAT, JUST TO MAKE SURE --
>> WE'VE HAD MONEY IN MONEY MARKETS, WE KIND OF JUST MOVED IT AROUND, WE DIDN'T WANT TO KEEP EVERYTHING IN ONE PLACE, SEACOAST HAS THE OPERATING ACCOUNT, THE OPERATION FLOW, EVERYTHING GOES THROUGH SEACOAST, SO JUST PUTTING IT IN A DIFFERENT INSTITUTION. I DID MENTION THE FINANCIAL GROUP IN 2022 BEFORE WE DID THAT BECAUSE THEY HAD A VERY PROGRESSIVE PICTURE OF WHAT THEY COULD DO FOR US AND THAT MONEY WAS JUST SITTING IN THE BANK, EARNING WHATEVER, 1.4% OR SOMETHING LIKE THAT. SO, WE TOOK OUR FIRST STEP AND THEY HAVE DONE WELL. OUR EARNINGS ARE SUBSTANTIAL AND THAT IS BECAUSE WE ALSO HAD THE MONEY FROM THE BONDS BEING INVESTED AS WELL. AGAIN, SEPARATE FROM WHAT IS UNRESTRICTED BECAUSE WE HAVE TO
ACCOUNT FOR THEM SEPARATELY. >> SEACOAST IS DEFINITELY AN EXCELLENT PARTNER AND YOU CAN SEE THAT JUST BY THE NUMBERS. I DID WANT TO ASK, ON THE ONE FOR PNC, AND I DIDN'T WANT TO STOP YOU BUT AT THE BEGINNING, YOU SAID IT WAS UNINSURED, AND I THINK WHEN WE WENT INTO THE DETAILS OF IT, I JUST DIDN'T UNDERSTAND, WHAT DO WE HAVE WITH PNC THAT IS UNINSURED.
>> THE MONEY MARKET. THE FDIC INSURANCE IS $250,000, BUT WE WANT TO MAKE THAT 94%, 96% OF INSURED INVESTMENTS, WE WANT TO BRING THAT NUMBER UP AND DOING THIS WILL DO THAT BECAUSE WHERE THEY ARE PUTTING IT, MOST OF IT WILL BE INSURED OR IN SAFER
PLACES, EARNING MORE MONEY. >> I CAN IMAGINE HOW MANY SPREADSHEETS THIS TAKES TO MANAGE, SO THANK YOU VERY MUCH, I THINK IT IS WELL WORTH THE MONEY.
>> QUESTION, ARE WE REQUIRED TO KEEP OUR INVESTMENTS JUST LOCALIZED TO CDS AND BONDS, DO WE HAVE ANY EQUITIES AT ALL?
>> WE DO NOT. >> IS THERE ANY REASON WHY WE
HAVEN'T INVESTED IN EQUITIES? >> I WOULD IMAGINEIT'S JUST HOW MUCH RISK WE ARE WILLING TO TAKE TO THE EXTENT OF WHAT THE RISK IS, OUR INVESTMENT POLICY, WE CAN DO MULTIPLE THINGS, AND
[00:35:01]
CORPORATE BONDS, WE ARE A LITTLE BIT WEARY BUT WE ARE GOING TO TALK ABOUT IT THIS WEEK, I WAS A LITTLE BIT CONCERNED ABOUT THAT AND WITH ALL THE CHANGES GOING ON RIGHT NOW, WITH THINGS LIKE THAT, HOW IT WOULD IMPACT THESE COMPANIES, EVEN THOUGH THEY ARE YOUR MICROSOFT COMPANIES, THEY ARE BIG COMPANIES.>> THERE IS DEFINITELY GOING TO BE AN IMPACT, THAT IS WHY I KEEP ASKING, WHEN THE IMPACT IS OVER, IT MIGHT BE A GOOD TIME. TIMING IS EVERYTHING. CERTAINLY DON'T WANT TO TIME IT ON THE
>> DO WE HAVE A RESTRICTION OR POLICY IN PLACE THAT SAYS WHAT WE ARE ALLOWED TO INVEST IN WHAT WE ARE NOT ALLOWED TO INVEST IN?
AND DOES IT PRECLUDE EQUITIES? >> IT DOES NOT.
>> SO WE HAVE THE OPPORTUNITY TO DO SO, JUST WHETHER WE
APPRECIATE THE RISK TO DO SO. >> WE HAVE SMALLER AMOUNTS, I SAY SMALLER AMOUNTS, IT IS LIKE 1 MILLION, BUT WE WERE JUST BEING A LITTLE MORE CAUTIOUS IN KEEPING A CLOSE RATHER THAN TAKING THE RISK AND EVEN IF WE DO IT FOR A SHORT PERIOD OF TIME, IT DOESN'T HAVE TO BE A LENGTHY THING AND WE CAN PULL BACK AS WE NEED, WE CAN SELL THEM.
>> ANY OTHER QUESTIONS? >> YES, YOU MENTIONED YOU HAVE AN UPCOMING MEETING TO DISCUSS THE MOVEMENT OF FUNDS OR INVESTMENTS IN ORDER TO CREATE I GUESS A LITTLE MORE STABILITY AND LESS RISK IN THE INVESTMENT. THE PNC UNINSURED PORTION, DO YOU HAVE A DOLLAR AMOUNT ON THAT? THE UNINSURED PORTION.
>> AS OF SEPTEMBER, THAT WOULD BE THE 4.5 MILLION, THE MONEY MARKET ACCOUNT, THAT IS THE BALANCE. AS OF SEPTEMBER OF
2024. >> SO, THAT 4.3 IS UNINSURED.
>> SO THAT IS NOT A MOVING ACCOUNT, DESTABILIZED, AS OF
SEPTEMBER OR AS OF TODAY? >> AS OF TODAY, THERE IS MORE BECAUSE WE HAD A CD THAT HAD TO DO WITH SUNTRUST, SOUTH STATE, I'M SORRY, AND I DIDN'T PUT THE WHOLE AMOUNT BACK IN BECAUSE THE RATE WAS SO LOW THAT I JUST KEPT ENROLLING FROM $1 MILLION AND I DON'T WANT TO KEEP BANKS MAKING MONEY FOR US. AND THE ADDITIONAL MONEY I PUT INTO THE CD BANK. BECAUSE THEY'RE MINIMUM FOR THE PORTFOLIO IS 5 MILLION, AND THEY HAVE A MINIMUM
INVESTMENT AMOUNT. >> IN THE RETURN AT PNC, OUTWEIGHS THE LIKELY RISK WE ARE TAKING AT PNC, THE UNINSURED
PORTION, DO YOU FEEL? >> WE CAN MANAGE THE PORTFOLIO THEY ARE GOING TO GIVE US ANY WAY WE WANT, WE CAN POLL -- PUT IT ALL IN TREASURIES BUT THE RATE WOULD BE LOWER AND IF THE RATE IS HIGHER, THEN WE ARE MAKING IT, I THINK IT WAS 4 1/4, THAT IS ALL WE HAVE RIGHT NOW THAT WILL BE MATURING IN JULY, SO WHATEVER THE RATE IS IN JULY IS WHAT THE NEW RATE, WHATEVER THEY ARE OFFERING FOR SIX MONTHS OR NINE MONTHS OR A YEAR AND SOME OF WHAT WE ARE SEEING, THE RATES THEY ARE SHOWING ME IS UPWARDS OF 5% OR 6% AND THAT IS HIGHER THAN WHAT THE CDS ARE. SO IT IS GOING TO WEIGH HOW MUCH MORE YOU ARE GOING TO MAKE AND IF THEY ARE TELLING ME THEY ARE GOING TO BE ANYTHING LESS THAN CORPORATE BOND IN AAA OR TREASURY, AGAIN, THE COMMITTEE IS GOING TO DISCUSS WHETHER WE THINK WE WANT TO PUT, THEY WILL
MIX IT UP HOWEVER WE WANT IT. >> JUST BE VERY MINDFUL AS IT RELATES TO HAVING UNINSURED FUNDS IN PNC, AND HONESTLY, I'M JUST REALLY STRONG ABOUT THAT BECAUSE MY BACKGROUND IS FDIC, DIVISION OF LIQUIDATION AND THE DIVISION OF LIQUIDATION INVOLVED GOING IN TO SOLVENT INSTITUTIONS, IDENTIFYING UNINSURED FUNDS AND PROVIDING THOSE ENTITIES, RECEIVING CERTIFICATES, AND IF WE WERE ABLE TO SECURE THE NECESSARY FUNDS TO SATISFY THE RECEIVERSHIP CERTIFICATES, YOU PROBABLY WILL BE ABLE TO GET YOUR FUNDS AT A LATER DATE BUT, THE LIKELIHOOD IS VERY LOW BECAUSE A LOT OF THINGS ARE SOLD
[00:40:01]
AT BULK AT LOW RATES IN ORDER TO LIQUIDATE THAT INSTITUTION. SO, FINANCIAL ASSOCIATIONS, THERE IS A LEVEL OF RISK THAT CAN RUN HOT, EVEN IF YOU DON'T HAVE SOMEONE WHO IS CONSTANTLY OBSERVING THE PERFORMANCE OF THAT BANK.>> THANK YOU. >> YOU'RE WELCOME.
>> ANY OTHER QUESTIONS? >> JUST A COMMENT, THERE WAS A SLIDE THAT BARBARA SHOWED THAT WE HAD RECEIVED INTEREST ON OUR BOND PROCEEDS, THIS YEAR WE ARE GOING TO BE SPENDING QUITE A BIT OF PROCEEDS ON THE WASTEWATER PLANT SO YOU WON'T SEE THAT ADDRESSED FOR NEXT YEAR SO IT LOOKS GREAT THIS YEAR BUT NEXT YEAR IT WILL LOOK LIKE A NORMAL YEAR. AND THIS YEAR WE ARE MOVING PRETTY QUICKLY, EACH AND EVERY MONTH RIGHT NOW.
>> THESE ARE UNSEEN EARNINGS FOR US, AS FAR AS INTEREST. YOU ARE PROBABLY MORE AROUND 100,000 BEFORE WE HAD THE BOND MONEY, BUT THEN AGAIN IT WAS MOSTLY CDS SO WE ARE JUST TRYING TO, LIKE I SAID, THE 5.3 MILLION IS INSURED AND I'M HOPING TO DO SOMETHING
VERY SIMILAR WITH PNC. >> DIVERSITY LOOKS GOOD AND THE RETURN HAS BEEN AWESOME BUT THE ENVIRONMENT HAS CHANGED.
>> AND THIS IS AN INFORMATION ITEM ONLY, SO THERE IS NO VOTE, JUST FOR THE BOARD'S REFERENCE. ANYTHING ELSE? OKAY, EXCELLENT,
[Items E.6. & E.7.]
I WILL GO TO THE NEXT ITEM WHICH IS ALSO BARBARA, 2024 ANNUAL COMPREHENSIVE FINANCIAL REPORT AND AS I MENTIONED, BARBARA WILL PRESENT THIS ITEM. AND THIS ITEM DOES LINEUP WITH ITEM NUMBER EIGHT WHICH IS APPROVAL OF THE RESOLUTION FOR THE BUDGETEDOPTION. >> THANK YOU AGAIN, OKAY, WE HAVE COME TO THE CLOSE OF ANOTHER FISCAL YEAR AND I WOULD LIKE TO PROVIDE YOU WITH THE REVIEW OF THE FINANCIAL OPERATIVE RESULTS FOR THE FISCAL YEAR TO 24, THE INFORMATION IS THE SAME AMENDING THE FINAL BUDGET FOR FPUA AS WELL AS THE ANNUAL COMPANY HAS A FINANCIAL REPORT. IN ADDITION, YOU HAVE RECEIVED IN THE QUARTERLY OPERATING INFORMATION FOR SEPTEMBER 30TH, 2024, THE QUARTER ENDED WHICH PROVIDES A SUMMARY OF THE OPERATING SYSTEMS. OKAY, THE FINAL BUDGET AMENDMENT REPRESENTS OUR FINAL ACTUAL RESULTS IN NET POSITION FOR THE FISCAL YEAR AND IS PRESENTED IN COMPARISON TO THE AMENDED BUDGET. THE FINAL BUDGET BROUGHT AN INCREASE IN THAT POSITION FOR FISCAL YEAR 24 OF $48.9 MILLION. REVENUE FROM OPERATIONS ALSO SHOWED INCREASES FOR THE YEAR, HOWEVER THE IMPACT OF THE LOWER COST OF POWER REDUCED TO OPERATING EXPENSES, ALMOST $8.8 MILLION RESULTING IN AN INCREASE IN OPERATING INCOME OF 5,000,049. RECOGNITION THIS YEAR OF GRANT REVENUE FOR OVER 28 MILLION, ALMOST $29 MILLION, INCREASED GRANT REVENUE OVER THE PREVIOUS YEAR BY $24.8 MILLION MORE THIS YEAR IN GRANT REVENUE.
THIS YEAR, SO THE 24.8 WAS OUR INCREASE OVER LAST YEAR IN REVENUE. OUR CAPITAL CONTRIBUTIONS OF 10.6 MILLION WAS AN INCREASE OF ALMOST 2 MILLION OVER THE PREVIOUS YEAR AND OUR INVESTMENT INCOME THAT I JUST TALKED ABOUT, I MENTIONED OF 7.3 MILLION FOR THE YEAR WAS AN INCREASE OF 1.4 MILLION OVER THE PREVIOUS YEAR. TAKING A LOOK AT OUR COMBINED TOTAL REVENUES IN COMPARISON TO THE AMENDED BUDGET, OUR FINAL REVENUES CAME IN OVER THE AMENDED EXPECTATIONS BY 9.4%. WHILE THE RELATED EXPENSES WERE LOWER BY 2.5%, THIS RESULTED IN THAT $48.9 MILLION CHANGE IN OUR NET POSITION, SO THE BLUE COLUMNS
[00:45:03]
WERE THE ACTUAL REVENUES AND EXPENSES AND THE RESULT WAS FOR THE YEAR, 48.9. THE[00:53:16]
>> IT IS AN UNMODIFIED OPINION AND SEPTEMBER 30TH ARE PRESENTED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AND PERMIT THE FILING OF THE AUDIT WITH FORT PIERCE, PLACING IT ON RECORD WITH THE CITY CLERK'S OFFICE PURSUANT TO THE CHARTER. IN ADDITION, WE WILL BE REQUESTING ADOPTION OF RESOLUTION 2025 05 THAT AMENDS THE FISCAL YEAR BUDGET TO ACTUAL. WHEN YOU ARE READY WE WILL READ THAT RESOLUTION.
>> WE HAVE THAT IS ITEM 8. WE WILL READ THAT AFTER THE NEXT
ITEM. >> ALL THE SAME INFORMATION.
QUARTERLY, YEAR-END AND FINAL BUDGET.
>> YOU DON'T WANT TO HEAR IT AGAIN.
>> ANY QUESTIONS OR COMMENTS? >> I HEARD THAT THE GRANT FUNDS INCREASED BY $24 MILLION IN THE LAST YEAR.
>> THAT WAS THE REVENUE RECOGNITION THAT WE HAD. WE HAVE TO SPEND THE MONEY BECAUSE OF THE REIMBURSEMENT. AS WE SPENT THE MONEY ON THE EXPANSION PROJECTS AND WASTEWATER PLANT, WE RECOGNIZE THAT REVENUE THIS YEAR AND WE NOW NEED TO WAIT FOR THE MONEY TO COME BACK TO US. IT IS THE REASON FOR THE BIG JUMP.
[00:55:07]
>> THERE IS A LOT OF WORK JUST FROM DOING THE TOUR. THERE IS A LOT OF WORK THAT TAKES PLACE AT VARIOUS DEPARTMENTS ADDRESSING VARIOUS CONCERNS AREAS, OPERATING EXPENSES. WHEN YOU CAN SAY THAT YOU WERE ABLE TO PROCURE $24 MILLION IN GRANT FUNDS , THAT MEANS YOU ARE USING THE INFORMATION THAT REPRESENTS WHAT IS AVAILABLE FOR THE DISTRICT, AREA OR MUNICIPALITY THAT YOU REPRESENT AND YOU ARE TAKING ADVANTAGE OF ALL THE CENSUS RELATED AND OTHER RELATED INFORMATION THAT COULD BE AFFORDED TO THE CITY OF FORT PIERCE. WE ARE TAKING ADVANTAGE OF THAT. THERE IS SO MUCH. TO REALIZE THIS, IT REALLY, REALLY MAKES ME FEEL GOOD TO SEE FPU A GO OUT THERE AND WORK REALLY
HARD TO GET THAT MONEY. >> THEY DO WORK HARD TO GET THAT
MONEY. >> ANY OTHER QUESTIONS OR
COMMENTS? >> WE WILL MAKE ONE COMMENT, IT WAS NICE TO SEE THEM NET TO THE BLACK. IT LOOKED LIKE A BUDGET LOSS OF OVER $100,000 . I SEE IT AS A MORAL VICTORY. GOOD JOB.
OVERALL, IT LOOKS LIKE EVERYTHING WAS TRENDING NICELY .
GOOD JOB TO STAFF. >> IF THIS ITEM IS APPROVED, BARBARA AND I WILL BE PRESENTING TO THE CITY COMMISSION ON APRIL
14TH. >> THEY SHOULD BE HAPPY WITH PRODUCTIVITY. GIVEN THEM CLOSE TO $1 MILLION MORE TO WORK WITH.
[E.8. Resolution No. UA 2025-05 - Final Budget Amendment for FY2024]
THEY NEED THE MONEY, GOOD JOB. >>> I BELIEVE WE HAVE A
RESOLUTION. >> RESOLUTION 2025/05 AMENDING THE BUDGET OF THE UTILITIES AUTHORITY OF THE CITY OF FORT PIERCE FLORIDA FOR THE FISCAL YEAR BEGINNING OCTOBER FIRST OF 2023 AND ENDING SEPTEMBER 30TH 2024.
>> DO WE NEED A MOTION TO APPROVE ?
YOU ARE ACCEPTING IT. >> COULD WITH SOMEONE CARE TO MAKE A MOTION APPROVE OF YEAR-END AND QUARTERLY
ACCOUNTING. >> AS BEING UNMODIFIED AND TRUE.
>> APPROVAL. >> PLEASE CALL ROLE.
[F. DIRECTOR COMMENTS]
BE APRIL 15TH AT 2:00. WE WILL BE PRESENTING TO THE CITY COMMISSION FOR THIS AUDIT AMENDMENT. WE WILL ALSO BE PRESENTING AN UPDATE TO TALK ABOUT PROJECTS THAT WE HAVE GOING ON. WE CURRENTLY ARE STILL ON THE CALENDAR FOR MAY 20TH FOR OUR BUDGET WORKSHOP. WE WILL MAKE SURE TO CONTINUE TO FOLLOW UP TO COORDINATE THE AVAILABILITY. THAT IS A NORMAL BOARD MEETING DAY. IN THE MORNING WE WILL HAVE THE WORKSHOP AND IN THE AFTERNOON , WE WILL HAVE A MEETING TO ADDRESS ANY POTENTIAL AGENDA ITEMS.>> APRIL 14TH IS THE CITY COMMISSION PRESENTATION BY
STAFF. >> MAY 20TH IS THE BUDGET
WORKSHOP? >> WHEN IS THE NEXT MEETING AT 2:00 AMAX B THE NEXT MEETING IS APRIL 15TH THAT 2:00, TWO WEEKS
FROM TODAY. >> I LEFT A FLYER IN FRONT OF YOU. THIS FLYER IS A UTILITY CONVERSATION UTILITY FEEDBACK FORM. IT WILL BE HOSTED AT THE LIBERTY TRUTH AND DELIVERANCE THAT 1406 AVENUE B WITH PASTOR BINKY . TOMORROW WILL BE ON A
[01:00:03]
CHAT SHOE AND DO. I GUESS A FACEBOOK PODCAST. TO GET FEEDBACK ON TOPICS TO DISCUSS . WE WILL BE DOING THAT TOMORROW.WE TALKED ABOUT THE $24 MILLION GRANT AS PART OF OUR BUDGET APPROVAL A MINUTE AGO. IT IS EXCITING TO ANNOUNCE THAT THERE WAS ANOTHER $10 MILLION GRANT TOWARD THE RELOCATION OF THE WASTEWATER PLANT. IT DOES BRING THE TOTAL AWARDS TO $70 MILLION TOWARD RELOCATING THE PLANT . THIS YEAR WAS THE MOST COMPETITIVE FOR GRANTS. THE TEAM HAS HIT THE GROUND RUNNING.
HOPEFULLY IN THE NEXT FEW MONTHS. IT IS A GREAT JOB TO RACHEL AND HER TEAM. WE ALSO WANT TO THANK OUR OFFICIALS FOR SUPPORTING THIS. THEY HAVE ALL BEEN VERY SUPPORTIVE. WE WILL GET SOME MORE NEWS LATER. BEEN MORE NICE ANNOUNCEMENTS. LAST , YES SIR IT IS, LAST AND CERTAINLY NOT LEAST, I WOULD LIKE TO CONGRATULATE MICHELLE. SHE IS STEPPING INTO BIG SHOES.
IT IS IMPORTANT TO PUBLICLY THANK BARBARA FOR HER LEADERSHIP. AND ACCOMPLISH HUGE MILESTONES. THE DARK PROGRAM AND OUR INVESTMENT PORTFOLIO. MANY AWARDS AND CERTIFICATIONS THAT GO A LONG WAY TOWARD THE BOND RATING. MORE IMPORTANTLY, IT IS IMPORTANT TO RECOGNIZE THAT SHE WORKED CLOSELY WITH MICHELLE AND I EXPECTED TO BE A SEAMLESS TRANSITION. BARBARA HAS MADE FPUA MUCH MORE GOOD OR -- GOODER .
[G. ATTORNEY COMMENTS]
>> ANY COMMENTS FROM THE ATTORNEY?
[H. BOARD MEMBER COMMENTS]
>> JUST ONE. I WILL BE PROVIDING AN UPDATE ON THE BILLS WE WILL BE TRACKING IN TALLAHASSEE AND GIVE YOU AN UPDATE N WHERE WE ARE WITH EACH OF THOSE AND HOW THEY MAY IMPACT US.
>> DO WE HAVE ANY COMMENTS FROM THE BOARD?
>> I WOULD LIKE TO SAY CONGRATULATIONS ON THE $10 MILLION. CONGRATULATIONS. YOU ARE DOING A PHENOMENAL JOB.
>> GOOD JOB TO EVERYONE. THIS MEETING IS ADJOURNED.
>> I WASN'T DONE.
* This transcript was compiled from uncorrected Closed Captioning.