[CALL TO ORDER]
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JUMPED IN THERE AND STUFF. LET'S START THE MEETING NOW. HELLO. THE COMMUNITY REDEVELOPMENT AGENCY CHAIR BRUNER CHAIR RICH CLARK, REMEMBER COLLINS REMEMBER , MCDONALD REMEMBER, CAMPENNI? REMEMBER SCHROEDER HERE? COMMUNITY REDEVELOPMENT BOARD CHAIR, CAMPENNI CHERISH ROAD MEMBER BROOKVILLE BOARD MEMBER LUIS BOARD MEMBER MCCHRYSTAL BOARD MEMBER MOSER AND BOARD MEMBER NOBLE YES, BOARD MEMBER. MOSER IS A NEW MOTHER. SO THANK YOU RELIGIONS. HMM. AND SHIPPING VISIBLE. RICH INDUSTRIALISTS. WHAT'S YOUR. PROVE SOMETHING. UM MINUTES. WHAT DID I MEAN AROUND?
[APPROVAL OF AGENDA]
AGENDA. APOLOGIZE. HI. ALRIGHT IS NO NAMES. APPROVAL OF THE MINUTES. SEVEN. WELL INTEGRATED.[APPROVAL OF MINUTES]
HMM. CAN DO IT ALL ALONE. SOMEBODY WANT TO CHANGE ANYTHING. PUREE. VOTE ON THAT MHM. I BYE BYE. COMMENTS FROM THE PUBLIC. DO WE HAVE ANY COMMENTS FROM THE TO SPEAK OF THIS. MEMBERS. COMMENTS FROM THE PUBLIC ON NON AGENDA ITEMS. RIGHT OUR ACTION ITEM IS OF[3. AMENDMENT TO THE CRA PLAN TO UPDATE AND ADD NEW PROGRAMS AND PROJECTS (RC): RESOLUTION No. 01-2024 CRA; A RESOLUTION OF THE BOARD OF COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF STUART, FLORIDA, APPROVING AMENDMENTS TO THE CITY’S COMMUNITY REDEVELOPMENT PLAN TO UPDATE AND ADD NEW PROGRAMS AND PROJECTS; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.]
THREE AND MEMBER TO THE C. R A PLAN TO UPDATE IN THAT NEW PROGRAMS AND PROJECTS AND WE WILL YOU SURE, MAYOR. RESOLUTION NUMBER 01-20 TO FOUR SIERRA RESOLUTION OF THE BOARD OF COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF STUART, FLORIDA, APPROVING AMENDMENTS TO THE CITY'S COMMUNITY READ ABOUT REDEVELOPMENT PLAN. TO UPDATE AND ADD NEW PROGRAMS AND PROJECTS PROVIDING AN EFFECTIVE DATE AND FOR OTHER PURPOSES. THANK YOU. I'LL GIVE THE PRESENTATION PANEL GANDHI STARVED AS SIERRA DIRECTOR FOR THE RECORD IN THE HALL. THIS IS THIS ITEM IS AN AMENDMENT TO OUR 2019 CR. A PLAN FROM TIME TO TIME WERE REQUIRED TO AMEND AND UPDATE THE PLAN TO ADD NEW PROGRAMS AND PROJECTS BASED ON COMMUNITY NEEDS. AND ANY NEW SIERRA PRIORITIES. UM, BUT AS PART OF THE PRESENTATION, I'M GOING TO GO THROUGH BRIEF HISTORY OF THE SIERRA FOR SOME OF OUR NEW MEMBERS. HOW THE TAX INCOME AND FINANCING KNOWN AS TIFF WAS ESTABLISHED, AND, UM, ALL THE OTHER PROGRAMS AND PROJECTS THAT WE'VE ACCOMPLISHED SO FAR IN THE C. R A SINCE THE TIFF TRUST FUND WAS CREATED. SO WHAT IS THE C R? A UM IT'S A DEFINED AREA WHERE WE CARRY OUT IMPROVEMENT ACTIVITIES TO REDUCE OR ELIMINATE SOME INVITED CONDITIONS AND IMPROVE THE ECONOMY OF OUR C R. A. WE USE THE TIFF REVENUE THAT'S GENERATED FROM THIS AREA TO REINVEST BACK INTO THE C R. A TYPICALLY, THE SIERRA TERM IS 30 YEARS, WHICH IS SUFFICIENT TIME TO PROVIDE THE IMPROVEMENTS AND WE CAN EXTEND IT ONE TIME FOR ADDITIONAL 30 YEARS FOR IMPROVEMENT ACTIVITIES. UH LAST TIME WE AMENDED WAS IN 2019. SO WE EXTENDED THE LIFE OF THE SIERRA TO SEPTEMBER 2050. IT WAS ORIGINALLY SET TO SUNSET IN 2028. THE CITY OF STEWART CRE WAS ORIGINALLY APPROVED BY THE CITY COMMISSION IN 1986, ACCORDING TO THE FLORIDA'S SATCHEL REQUIREMENTS. HOWEVER THE TRUST FUND WASN'T CREATED UNTIL LATER ON. BUT AS PART OF THE REDEVELOPMENT EFFORT, THE CITY HIRED ANDRE DRACONIAN 1989 TO ESTABLISH URBAN CODE REQUIREMENTS INTRODUCED ON STREET PARKING STREETSCAPE IMPROVEMENTS FOR PEDESTRIAN FRIENDLY URBAN AREAS. AND THEN IN 1998, THE CRE WAS REESTABLISHED AND THE SIERRA TRUST FUND WAS CREATED, WHICH GAVE US THE FINANCIAL MECHANISM[00:05:05]
TO TAKE THE GROWTH IN TAX REVENUE AND REINVEST DIRECTLY INTO THE C R A. C. R E WAS EXPANDED TO INCLUDE E STEWART IN 2002, WHICH IS THE YELLOW AREA THAT YOU SEE ON THE MAP HERE AND THEN IN 2006, THE CRE WAS EXPANDED FURTHER TO INCLUDE THE PUBLIC SAFETY BUILDING ON MLK, SHOWN IN BLUE. AND THEN IT WAS EXPANDED FURTHER IN 2015, WHICH IS ALL THE PINK AREA EACH TIME WE EXTENDED THE BOUNDARY, WE COMPLETED A FINDING OF NECESSITY STUDY, WHICH IS A FLORIDA STATUTE REQUIREMENT TO MAKE SURE THAT THE AREA MEETS THE DEFINITION OF SLUM OR BLIGHT. UM AND THAT THERE IS A NEED FOR REDEVELOPMENT ACTIVITIES IN THIS AREA. THE CR ENCOMPASSES A TOTAL OF 866 ACRES OF CONTIGUOUS LANDS , WHICH IS ALMOST 22% OF THE CITY'S LAND AREA. UH THE SIERRA PLAN WAS ALSO CREATED 1998 WHEN WE CREATED THE TRUST FUND. AND WE'VE AMENDED THE PLANT SEVERAL TIMES SINCE THEN, UH, THE CRE PLAN IDENTIFIES PROJECTS AND PROGRAMS TO BE FUNDED BY TAX INCREMENT REVENUE. THE SIERRA PLAN IS UPDATED LIKE I SAID, PERIOD FROM TIME TO TIME TO REFLECT ANY CHANGING CONDITIONS AND TO ADD ANY NEW PROGRAMS AND PROJECTS. THE AMENDMENT TO THE SIERRA PLANS SHOULD NOT STOP OR RESTRICT IMPLEMENTATION OF THE PROGRAMS AND PROJECTS THAT ARE ALREADY BEING IMPLEMENTED UNDER THE ADOPTED PLAN. THIS CHART HERE SHOWS THAT TIFF DEPOSITED IN THIS TRUST FUND OVER THE YEARS, AS I MENTIONED EARLIER THAT TIFF WAS ESTABLISHED IN 1998, SO THE TIFF REVENUE DIDN'T START UNTIL 1999 WHICH WAS ABOUT $43,000, AND THEN WE SAW SOME GRADUAL INCREASE FROM UM, TO FROM 1999 TO 2007. UM AND THEN WE STARTED SEEING SOME DECREASE FROM 2008 2013 WHEN THE MARKET CRASHED AND THEN GRADUAL INCREASE IN RECENT YEARS WITH ALL THE REDEVELOPMENT ACTIVITIES , BUT WE CAN SEE WE CAN EXPECT THAT TO SLOW DOWN BECAUSE SOME OF THE ACTIVITIES HAVE HAS SLOWED DOWN COMPARED TO THE LAST FEW YEARS. SOME OF THE INVESTMENTS THAT WE'VE MADE OUR LAND PURCHASES, INFRASTRUCTURE IMPROVEMENTS AND PROGRAMS. ACQUISITIONS INCLUDED NORTH POINT PROPERTY. UM, WHICH IS THE 55 NORTHWEST DIXIE HIGHWAY, JUST NORTH OF THE OLD BRIDGE DOCKSIDE PROPERTY, WHICH IS THE WATERFRONT RESTAURANT NEXT DOOR TRIANGLE PROPERTY, WHICH IS THE AZUL MULTI FAMILY DEVELOPMENT. AND 325, SOUTHEAST OCEAN BOULEVARD AND 330 SOUTHEAST OSCEOLA BOULEVARD, WHICH IS JUST A STATE ADJACENT TO THE WELLS FARGO BUILDING. AND MOST RECENTLY, WE ACQUIRED THE 7/10 OF THESE ML CABLE OF ART, WHICH IS A REALLY GARY PROPERTY. ALTHOUGH THAT WAS WE DID USE CDBG GRANT TO PURCHASE THAT PROPERTY. SOME OF THE INFRASTRUCTURE IMPROVEMENTS INCLUDES, UM CAROLINA'S PARK PARKING LOT AND RECONSTRUCTION SAILFISH PARKING LOT. I'M JUST GOING TO NAME SOME FEW HERE FLOATING DOCK. FRASURE CREEK IMPROVEMENTS ATLANTA AVENUE IMPROVEMENTS. WE DID SOME IMPROVEMENTS ON MLK JR BOULEVARD AND DIXIE HIGHWAY INTERSECTION IMPROVEMENTS. UM RIVERWALK SHADE STRUCTURE. COLORADO UM, STREETSCAPE IMPROVEMENTS. WE DID SOME DOWNTOWN STREETSCAPE IMPROVEMENTS FEW YEARS BACK. KINDRED JOHNSON STREETSCAPE SHEPHERD PARK DECKING REPLACEMENT. FEDERAL HIGHWAY NORTH MEDIAN IMPROVEMENTS DIXIE HIGHWAY SIDEWALK EXTENSION, UM, JUST TO NAME SOME SOME OF THE IMPROVEMENTS IMPLEMENTED OVER THE YEARS. PROGRAMS INCLUDE GREEN INCENTIVE GRANT MICRO TRANSIT SYSTEM, SMALL BUSINESS RECOGNITION PROGRAM. HISTORIC MARKET, DEDICATION BIKE RACK PROGRAM. WE FINDING SIGNAGE FOR PROGRAM. MURAL MATCHING GRANT PROGRAM. MOSAIC ARTWORK ON SIDEWALK JUST TO NAME SOME SOME OF THE PROGRAMS, BUT YOU CAN SEE HERE WE HAVE A LIST OF PROGRAMS THAT WE IMPLEMENT IN THE C R. A SOME OF THE MASTER PLAN THAT WE'VE COMPLETED IN THE C R A IS THE EASTER CHARETTE 2022, WHICH WAS RECENTLY UPDATED IN 2023 OUTDOOR DINING PROGRAM. TRIANGLE DISTRICT MASTER PLAN FEDERAL HIGHWAY TREAT PROGRAM. HISTORIC PROPERTY SURVEY UPDATE JUST TO NAME A FEW AGAIN. NOW, HOW DOES OUR FUTURE OF ART IF LOOKS LIKE, UM, SO THIS CHART SHOWS A FORECAST OF TIFF REVENUE, WHICH IS 5% INCREASE EACH YEAR. IT COULD BE LESS OR MORE DEPENDING ON THE MARKET AND, UH, REDEVELOPMENT ACTIVITIES IN THE C R. A HOWEVER, WITH THE GRADUAL 5% INCREASE, WE CAN EXPECT APPROXIMATELY 7.1 MILLION IN[00:10:05]
TIFF REVENUE BY 2030. OF THE PROJECTS THAT WERE PLANNING TO IMPLEMENT IN THE UPCOMING YEAR AND IT WAS PART OF THE C R A BUDGET FOR FISCAL YEAR. 2024 ARE DOWNTOWN UNDER GROUNDING OF UTILITIES STREETSCAPE, SEMINAL STREETSCAPE RIVERSIDE PARK NEIGHBORHOOD IMPROVEMENTS WILLIE GARY PROPERTY DEMOLITION AND YOU CONSTRUCTION. CHIPMAN NEIGHBORHOOD SIDEWALK, GATEWAY AND DISTRICT SIGNAGE. WE'RE GOING TO BE IMPLEMENTING THE TREE PLANTING PROGRAMS AND ALL THE OTHER INCENTIVE PROGRAMS INCLUDE VERB, UM, WHICH IS A BUSINESS IMPROVEMENT UNIVERSITY PROGRAM MURAL MATCHING GRANT STREET TREE PROGRAM. AND PAINTED PROGRAM. UM THE MAIN REASON WE ARE BRINGING THIS FORWARD IS BECAUSE WE WANT TO ADD NEW PROJECTS AND PROGRAMS INTO THE C R A PLAN. SOME OF THE NEW PROGRAMS THAT WILL BE ADDING IS THE GUY DAVIS COMMUNITY PARK IMPROVEMENTS. ALTHOUGH WE'RE WORKING ON IT WE'RE WORKING ON THE DESIGN DOES NEED TO BE INCLUDED IN THE SIERRA. IF WE'RE GOING TO BE USING TIFF REVENUE TO PAY FOR THE IMPROVEMENTS.MARTIN LUTHER KING STREETSCAPE PROJECT DIXIE HIGHWAY STREETSCAPE. STATEMENT NEIGHBORHOOD DRAINAGE IMPROVEMENTS AND SOME OF OUR POTENTIAL PROJECTS ARE SOUTHEAST SOUTHWEST OCEAN BOULEVARD. COMPLETE STREET PROJECT, WHICH IS IN THE TRIANGLE DISTRICT FROM FEDERAL HIGHWAY TO DIXIE HIGHWAY . BRIGHT LINE TRAIN STATION IF WE'RE GETTING THE STATION HERE IN STUART DOWNTOWN PARKING GARAGE, CITY HALL REDEVELOPMENT OSCEOLA STREET EXTENSION. AND SOME OF THE PROGRAMS THAT THAT WERE RECENTLY APPROVED BY THE BOARD AGAIN. IT NEEDS TO BE INCLUDED IN THE CRE PLAN. IF WE'RE GOING TO BE USING TIFF REVENUE, UM SO WE'LL BE ADDING THE FEDERAL HIGHWAY TREE PROGRAM. TRAM WRAP PROGRAM UTILITY BOX WRAP PROGRAM AND THERE'S PROPERTY ASSISTANT PROGRAM. UM WE'RE WORKING ON DEVELOPING THAT PROGRAM TO HELP CLEAR SOME OF THE TITLE ON PROPERTIES. UH, SO WE CAN PRESERVE OUR EXISTING HOUSING STOCK. UM, WE RECENTLY WORKED WITH PROPERTY APPRAISERS AND IDENTIFIED ABOUT 20 PROPERTIES IN THE STEWART THAT WOULD NEED TO GO THROUGH THE PROBATE PROCESS TO CLEAR THE TITLE. SO WE THOUGHT THIS WOULD BE A GOOD PROGRAM TO INTRODUCE IN THE SIERRA, BUT ANY ANY PROGRAM DETAILS THAT WE WORK ON WILL COME BEFORE THE BOARD FOR FEEDBACK. SOME OF THESE CAPITAL PROJECTS YOU'VE ALREADY SEEN IN THE C I P BUT AGAIN, I JUST WANTED TO, UM MENTIONED THAT WE ARE ADDING SOME NEW PROJECTS SUCH AS BRIGHT LINE TRAIN STATION DOWNTOWN PARKING GARAGE, CITY HALL. REDEVELOPMENT OSCEOLA STREET EXTENSIONS, STORMWATER IMPROVEMENT, ANY OTHER PROPERTY EXIT ACQUISITION? THAT WE MIGHT WANT TO ACQUIRE IN THE FUTURE. SO TODAY, I'M JUST LOOKING FOR YOUR FEEDBACK AND DIRECTION ON PROJECTS AND PROGRAMS FOR FUTURE PRIORITIES. UM IF THERE'S SOME PROJECTS THAT YOU WOULD LIKE THIS ER TO WORK ON, IT WOULD BE GOOD TO GET THAT INCLUDED IN THE CRE PLAN. UM AFTER YOUR FEEDBACK , I AM LOOKING FOR APPROVAL OF RESOLUTION NUMBER 1-20 24 AMENDING THE CRE PLAN. MUCH WE HAVE ACCOMPLISHED SO MUCH I THINK OF THE LAST FIVE OR SIX YEARS. WITH THE CR TONIGHT JUST, YOU KNOW, ONE QUESTIONS. I THINK WE SHOULD DISCUSS ONCE AGAIN.
THE UNDERGROUND UTILITIES. THAT PRICE IS CONTINUOUSLY GROWING UP OVER THE YEARS. I DON'T KNOW WHAT TO PAYBACK USE ISLAND. JUST DOING IT FOR $3.5 MILLION AND I JUST LIKE TO DISCUSS IT. I'M NOT SAYING I'M FOR IT OR AGAINST IT AT THIS POINT, AND I THINK WE NEED TO HAVE A MORE THOROUGH DISCUSSION OF SPENDING $3.5 MILLION FOR ONE ST WHEN I ON MY WAY HERE. I ALWAYS TELL THEM THAT WAY. YOUR PLANS TO HAVE THAT COMPLETED IN THOSE PLANS. HOW BEAUTIFUL IT IT WOULD LOOK I MEAN IT JUST TO ME. IT JUST LOOKS HORRIBLE. OBVIOUSLY COULDN'T. HISTORICALLY HISTORICALLY, OBVIOUSLY THE DIRECTION CAME BECAUSE OF THE RENOVATION OF SEMINAL STREET AND THE IDEA THAT YOU WERE PROMOTING BACK IN 2011 AND 12. THE INCLUSION OF THOSE OTHER PROPERTIES ON SEMINAR ON THE FACT THAT IT KIND OF HAD A FEELING OF AN ALLEY AND SO THERE WAS A SECOND UM, PROGRAM THAT WAS A STREETSCAPING BEING DONE FOR SEMINOLE STREET AND THE PROBLEM WITH THE PARKING OF THE SIDEWALKS IS THE VERY NARROW ON THE STREET AND THEN THE ELECTRICAL POLES ARE LITERALLY RIGHT IN THE SIDEWALKS. BUT AS MR KEMP ANY POINTS OUT, IT IS A VERY EXPENSIVE ENDEAVOR. WHEN IT CAME BACK, THE SIERRA DIRECTOR WAS DIRECTED TO GO OUT AND GET OTHER BIDS AND BRING IT BACK TO THE BOARDS ANYWAY. SO IT SOME POINT THOSE WILL BE COMING BACK, AND IT WILL BE BACK FOR FURTHER DISCUSSION, AND YOU COULD. IF IT TURNED OUT TO BE TOO EXPENSIVE.
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YOU COULD MOVE AWAY FROM THE UNDER GROUNDING AND TRY TO LOOK INTO A DIFFERENT DESIGN OF THE SEMINAL STREET. I'M NOT SURE HOW YOU WOULD FIX THE SIDEWALKS BECAUSE THOSE POLLS ARE THERE.IT'S NOT LIKE IT'S WIDE ENOUGH TO WIDEN THE SIDEWALKS AT ALL, BECAUSE THEY TRAVEL LANE IS THERE BUT YOU KNOW WE'LL CROSS THAT BRIDGE WHEN WE GET TO IT, BUT THAT'S PURSUANT HISTORICALLY WHY IT CAME FORWARD LIKE THAT. WHAT I JUST HAD A QUICK QUESTION. YOU DON'T MIND. UM THE EXTENT THE 3.5 MILLION. THAT'S. EVERYTHING RIGHT THAT THAT'S NOT JUST UNDERGROUND IN THE UTILITIES. THAT'S THE WHOLE PROJECT. CORRECT. THAT'S JUST STREETSCAPE IS 1.2 MILLION IN THE BUDGET $5 MILLION PROJECT CALL IN 4.2 BUDGET. CRE BUDGET THIS YEAR. I AGREE WITH TOM ABOUT THE PRICE THAT I RAISED CONCERNS ABOUT. OH, BUT I DO THINK THAT GETTING RID OF. STAFF CONTINUES TO WORK AND HOPEFULLY I KNOW THAT MACHINE SOME OF THOSE COSTS COME DOWN. WE'LL SHAVE YOU, BUT MORE LIKE COMES BACK TO US. BUT I'M ALSO CONCERNED THAT WHEN THEY GO IN AND HARDENED OR UTILITY POLES, ACTUALLY BIGGER TAKING EVEN MORE ON THE SIDEWALK SPACE OFF SO UM, YOU KNOW, I WAS THINKING THAT WE CENTRAL STREET DESERVES TO, YOU KNOW BETTER THAN WHAT IT DOES NOW OURSELVES. HOPEFULLY WE CAN GET THAT RESOLVED, BUT I THINK IT'S I THINK IT'S JUST A DISCUSSION POINT AT SOME WHEN WE KNOW A FINAL PRICE BEFORE AHEAD. JUST TO PROVE THAT I WOULD TAKE IT OFF THE C I P SOMETHING WE SHOULD DISCUSS FURTHER IN MY MIND. AND THAT THE STREETSCAPING HONESTLY STREETSCAPING OF SALSA. NO, I DON'T HAVE MY BUT ON OF THE 7 MILLION FOR THE GUN. THE SPORT. HOW MUCH OF THAT IS DESIGNED NOW? THERE'S $0 AND GUY DAVIS PARK. 2026 POTENTIALLY RIGHT, BUT THE DESIGN WAS DONE BY GRANT MONEY, NOT FOR THE GUY DAVIS PARK. IT WAS TO PHASE IT WAS SITE PLAN DESIGN AND THEN THE FINAL DESIGN. WE'VE INVESTED ABOUT 700 TO $800,000, OR TWO PHASES. AND THEN STILL PART 2026. THAT'S IT. THAT'S A DESIGN. THAT'S THAT'S THAT'S JUST THE FINAL DESIGN. ANYTHING ELSE WOULD BE IMPLEMENTATION AFTER 2026 THAT WOULD TAKE UP THE ESSENTIAL 7 MILLION. POTENTIALLY MOVE OFF. RFP N C. HAD A PROPOSAL. WE GET COUPLE OF THINGS THAT WE'RE WORKING ON. THE START. THE PROJECT HAS BEEN TRANSFER HAS HAPPENED NOW.
CORRECT. YOU'LL BE WORKING TO DO SOMETHING ELSE. RIGHT SO I HAVE TO WORK WITH CDBG D O TO GET THE PROCUREMENT APPROVAL. I JUST RECEIVED A CALL TODAY. SO THE PROCUREMENT FOR ENGINEERING SERVICES HAS BEEN APPROVED. SO I'M GOING TO BE WORKING WITH KIM LEE HORN TO DEVELOP A SCOPE OF WORK. AND WE'LL BE ABLE TO MOVE FORWARD WITH THE DESIGN PRETTY SOON. OKAY THE TREND RAP. WE ONLY HAVE ONE TRAM REP SO FAR. ONE I GUESS I'M 11 TRIMMERS WRAPPED. YES. THE FAMILY, BUT.
IF WE APPROVE THESE, ALL OF THEM WOULD BE DONE BY WHEN BY 2024 25. I THINK THE BOARD APPROACHED BOARD APPROVED JUST IN THE PROCESS, SO THERE'S TWO MORE STILL MOVING FORWARD. IT MAY BE DONE. PROBABLY JUST MILTON'S I'M HERE, BUT IT'S PROBABLY MORE RELATED TO THE FACT THAT IT'S HIGH SEASON AND THEY DON'T WANT TO TAKE THEM OUT OF SERVICE. OKAY I HEAR I ALSO SAW TO THE TRANSMITTER WILL SPARKLE IN JUST A FEW. TOGETHER. AND THEY WERE PACKED AND THE MEN WERE STANDING OUTSIDE OF THEM. GIVEN THE HISTORY OF IT, YEAH, EXCITING PEOPLE UNDER YESTERDAY. THE NEW PROGRAMS THAT YOU'RE TALKING ABOUT ONE OF THEM THAT REALLY PEOPLE MIGHT INTEREST YOU.
PROPERTY ASSISTANT PROGRAM. I KNOW THE BEST IF THAT WE'RE GONNA DO. REDEVELOPMENT THAT'S ONE OF THE TOOLS IN THE TOOL, KIDS. THAT WE NEED IN ORDER TO CREATE THE INPUT, HOSS THAT PEOPLE NEED TO MOVE OVER THAT HURDLE TO GET THE PROPERTY. UM. THE CORRECT OWNER'S NAME SO THAT
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THEY CAN MOVE FORWARD AND WHATEVER YOU DO, BECAUSE SOMETIMES THERE'S SO MANY RELATIVES HANGING ON AND START CLEARING UP, SO I THINK THAT THAT'S A GOOD IDEA. I DON'T KNOW. WHEN WE DEVELOPED THAT PROGRAM WILL HAVE A LIMIT AS TO AFTER 6510 HARBOR MANY $1000 THAT WOULD BE AVAILABLE SO THAT THAT THIS SHOULD BE A DECENT CHUNK OF MONEY TO HELP GIVE THAT THAT ABILITY TO TRY TO CLEAR UP THE PROBATE, SO I THINK THAT THAT'S THAT'S A GOOD PROGRAM. I JUST WANT TO SAY THAT JUST I THINK COMMISSIONER COMMISSIONER MAYOR SAID IT WHEN SHE FIRST OPENED UP HER MOUTH. TODAY. THAT . IT'S JUST SO AMAZING ABOUT ABOUT THE AMOUNT OF THINGS THAT THE C R A HAS DONE AND SOMETIMES BANAL. YOU DON'T GET THE CREDIT PEOPLE ARE LIVING ON WHO YOU ARE. THEY DON'T KNOW WHAT YOU DO UNLESS THEY HAVE A PROBLEM WITH SOMETHING, BUT A LOT OF THOSE THINGS THAT HAPPENED SINCE ONE AND OTHER THINGS HAS BEEN THROUGH THE C R A PEOPLE DON'T WANNA TEXT FIRST DAY AND I KNOW THAT THE PEOPLE WHO ARE DOWNTOWN WOULD BE MORE WITH THE PROPERTY VALUES GO UP AND WHEN IT GOES INTO THE TIPS UM YOU KNOW THEY GET SOME OF THE BENEFITS, BUT STILL IT IS A BIG BURDEN FOR THIS SMALL GROUP OF PEOPLE AND THEY'RE CARRYING A BIG BURDEN FOR OUR CITY. AND I THINK THAT WHATEVER YOU DO, AND WHATEVER THEY DO WITH THEIR PROPERTY HELPS MAINTAIN THAT SENSE OF PLACE IN OUR COMMUNITY WERE BROUGHT IN AND CHANGE IT. WE STILL HAVE THAT SENSE OF PLACE AND THE ENHANCEMENTS GOING ON THROUGH MAYBE ONE OF THESE DAYS.2015 WHEN. YOU KNOW THE TIME RUNS UP WITH THE CRE OF REPORTING. NOT HAVE ANY UM LIKE PARCELS, BUT, HEY, WHATEVER IT IS, I'M REALLY GLAD THAT YOU HAVE A KEEN CANAL AS A PROFESSIONAL STEWARD GUIDE FOR THE FUNDS THAT WE CAN GET THE FUNDS THAT WE HAVE THROUGH THE TAX INCREMENT FINANCES, AND I REALLY APPRECIATE THAT. THANK YOU. I WOULD LIKE TO FOLLOW UP ON CLARK'S COMMENTS. BECAUSE WHAT CAUGHT MY EYE READING THIS DOCUMENT WAS THIS ADMONITION. ON PAGE 18 MINUTES, SAYS AGENCY MUST BE CAREFUL NOT TO SPREAD IT THIN. JUST DO MYSELF ONCE. SINCE THE IMPLEMENTATION OF A FEW STRATEGICALLY PLACED WELL FUNDED PROGRAM. HAVE A MUCH GREATER IMPACT. THE MOST. AND THIS IS A VERY COMPREHENSIVE DARK. VERY BROAD IN SCOPE. WONDERING.
FOCUS. IT'S DIFFICULT TO FIND A PROJECT THAT'S DIFFICULT TO IMPLEMENTED PROJECTS. AND IT'S DIFFERENT. YOUR PRODUCTS PROJECT SYSTEM SUCCESS. I DON'T REALLY HAVE THE ANSWER HERE. GOOD POINT. TOO MUCH. OURSELVES. THANK YOU. IN THAT OFF THEIR MOTHER. MOTHER BAD. PLEASE MAY BE ABLE TO HELP YOU SURVIVE. BUT SOMETIMES IF WE DON'T THE PROGRAM. THE INTENT OF THE PROGRAMS WHENEVER AVAILABILITY COMES UP FOR FUNDING SOURCE PLAN. CAN'T GO FOR IT FOR SIX OF ONE HALF DOZEN OF THE OTHER IT'S THE TOUGHEST WE NARROWED THE LIST THINGS AND THEN SOMETHING ELSE COMES UP AND THEY HAVE TO DO I DON'T KNOW, DOING SOMETHING THAT YOU'VE DONE IN SHEPHERD'S COURT WITH THE WORDS OF THE BEES AND ALL THE OTHER THINGS THAT WE'VE DONE. WORKING WITH JUST EXPANDING MAIN THINGS LIKE TO THE PARKING AND STUFF OVER THERE, BUT TO GET THE LANDSCAPE THAT SOMEBODY THINKS THAT NEEDS TO HAPPEN. SOMETIMES THEY ALL COMBINE TOGETHER TO JUST ONE PROGRAM. SO I UNDERSTAND YOU. GOING ON A GOOD PATH STORY, HONEST. GOOD. YOU KNOW, I'VE
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JUST GOT A COUPLE OF GENERAL THINGS ONE UM, I THINK WE NEED TO TAKE A LOOK AT THE URBAN CODE. AS IT RELATES TO WHAT WE'RE TRYING TO DO WITHIN THE IRA, BECAUSE I THINK THERE'S SOME THINGS IN THE URBAN CODE THAT ARE PROBABLY NOT WHAT WE REALLY WANT. IN OTHER WORDS. IN A LOT OF THAT STUFF, THERE IS NO OPTION TO GO SMALLER. THERE IS A MANDATE MANY TIMES TO GO LARGER.YOU HAVE TO GO MAXIMUM DENSITY. YOU HAVE TO GO 85 FT. ON THE STREET. YOU HAVE TO BE TWO STORIES WITH AN AUDIT TYPE OF THING. AND SO I THINK WE NEED TO LOOK AT THE URBAN CODE TO SAY IS THIS WHAT WE WANT THAT YOU HAVE TO DO THIS TO THE MAX? OR ARE THERE ALTERNATIVES? CAN YOU DO THIS UP TO THIS LEVEL OR WHATEVER, SO I PERSONALLY WOULD LIKE TO SEE US COORDINATE SOME OF THAT WITH THE SIERRA, BUT TO TRY TO YOU KNOW, LOOK AT THAT CODE AGAIN, AND TO SEE IF THERE'S SOME THINGS IN THERE THAT WE NEED TO BE CHANGING AT THIS POINT, UM, THE OTHER QUESTION A COUPLE OF THINGS AHEAD. YEAH, AT OUR LAST MEETING. WE DECIDED AS THE CRB TO LOOK AT THE CODE TO SEE IF WE WANTED TO RECOMMEND ANY CHANGES. SO THAT'S ALREADY IN THE PROCESS. IS THAT RIGHT? REMEMBER CORRECT. WE WERE TALKING ABOUT THE BYLAWS. YEAH WE'RE TALKING ABOUT THE COLD. ALSO WRITE THE LANDSCAPE CODE SECTIONS. MAYBE WE SHOULD I THINK MARK IS RIGHT.
MAYBE WE SHOULD LOOK AT HIGHER CODE. DID THE CREEK DISTRICT AND ALL OF THESE STEWART WEIRD. ON ME. THE OVERLAY ZONES BASED ON YEAH, AND COMING. YEAH I JUST I JUST NOTICED IT IN A NUMBER OF SITUATIONS. THERE'S THERE IS NO OPPORTUNITY TO DO ANYTHING LESS THAN WHAT LIKE, FOR EXAMPLE, YOU KNOW, SOME OF YOU KNOW, I WAS INVOLVED IN A PARKING SPACE, RIGHT? BUT UNDER THE UNDER THE CODE, IT'S TREATED LIKE A PARKING LOT WALL. YOU KNOW, PERSON WANTS A PARKING SPACE, FOR GOODNESS SAKES AND IS TREATED LIKE A WALL. AND YOU START LOOKING AT SOME OF THESE THINGS. AND FOR EXAMPLE, WHEN I MOVED THE BUILDING THE OLD TOWN GRILL, RIGHT I HAD TO GET AN EXCEPTION BECAUSE IT WASN'T GOING TO BE TWO STORIES AND IT WASN'T GONNA COVER 85% OF THE FRONTAGE OF JOE JEFFERSON. SO I JUST THINK WE NEED TO LOOK AT THAT AND SEE IF THERE'S IF THAT'S EXACTLY WHAT WE WANT IS AS IT RELATES TO THE DOWNTOWN DEVELOPMENT. THE OTHER THING. I WAS A COUPLE OF THINGS I WAS LOOKING AT. IS THAT I'M NOT SURE THAT WE REALLY HAVE AN OVERALL.
UH I DON'T KNOW. AND THEN ALL YOU MIGHT BE ABLE TO ANSWER THIS , BUT RELATIVE TO, FOR EXAMPLE, UNDER GROUNDING, PUTTING UNDERGROUND THE UTILITIES NOW ARE WE TALKING ALL UTILITIES? IS THAT INCLUDE, UM DARK FIBER AND DOES THAT INCLUDE, AND ARE WE GOING TO DO ALL OF THOSE THINGS AT THE SAME TIME OR MAKE PROVISION? SO THOSE ARE THERE BECAUSE I THINK WE SHOULD HAVE A COMMITMENT. TO GETTING RID OF ALL OF THAT STUFF THAT'S CLUTTERING UP AND ALL OF THOSE POLLS AND EVERYTHING, EVEN TO THE STANDPOINT OF DOWNTOWN. WE HAVE STANDARD GARBAGE TRUCKS THAT COME IN AND PICK UP THE GARBAGE. RIGHT. YOU GO TO ANY PLACE THAT'S A TOURIST TOWN IN FLORIDA THAT'S KEYS OR ANYWHERE ELSE. AND THAT GARBAGE IS UNDERGROUND. THEY BRING A TRUCK AROUND, PICK IT UP OUT OF UNDERGROUND AND GO AWAY, AND NOBODY KNOWS THE DIFFERENCE.
INSTEAD OF DRAGGING IT ACROSS THE STREET, WATCHING IT LEAK ALL OVER THE PLACE AND THEN TRYING TO CLEAN IT UP LATER. SO YOU KNOW, I THINK THERE'S SOME THINGS THAT WE OUGHT TO LOOK AT IN THE C R A PLAN IN TERMS OF COMMITMENTS TO UNDERGROUND BECAUSE WE'VE HAD PEOPLE TELL US VIRUS SIX YEARS AGO. REMEMBER NICK BLUNT SAYING, YOU KNOW, WE NEED TO PUT THIS STUFF UNDERGROUND. THIS THING SHOULD INCLUDE UNDERGROUND. IT SHOULD BE THERE UNDERGROUND AND WE DON'T AND THEN IT GOES FROM $1 MILLION PROJECT TO A TO A $3 MILLION PROJECT. SO UM, THAT'S ANOTHER THING. I JUST THINK, YOU KNOW, MAYBE WE NEED TO COORDINATE THAT BETTER WITHIN THE CR. I PLAN TO KIND OF MAKE IT CLEAR THAT FUTURE DEVELOPMENT IF YOU'RE GOING TO PUT THIS IN, IT'S GOT TO BE UNDERGROUND. YOU KNOW, IT'S GOT TO BE COMMITTED COMMITTED TO THAT. AND THEN THE ONLY OTHER THING I THINK I WAS GOING TO ASK ABOUT AND I THINK I MENTIONED THIS, BUT TIP FUNDING OF THE TIP FUNDING THAT'S UP THERE. UH I THINK YOU SAID NOT MUCH OF THAT RELATES TO WHAT'S COMING ONLINE RIGHT NOW BECAUSE IT HASN'T BEEN ONLINE YET IS THAT TRUE? WHAT PERSON? I GUESS MY QUESTION IS WHAT PERCENTAGE OF THE TIFF FUNDING THAT YOU'VE SHOWN ON THERE? THE 6 MILLION THE SET UP TO 7 MILLION IN 2030. WHAT PERCENTAGE OF THAT IS COMING FROM PROJECTS THAT JUST WENT THAT HAVE JUST BEEN APPROVED AND HAVE BEEN CONSTRUCTED VERSUS ONES THAT WERE ALREADY IN PLACE, YOU KNOW? WELL, I MEAN, THIS YEAR'S BUDGET IS ABOUT $12 MILLION. SO A LOT OF THIS PROJECT, UM, SUCH AS THE DOWNTOWN UNDER GROUNDING, SEMINAL STREETSCAPE RIVER PARK,
[00:30:04]
RIVERSIDE PARK STREETSCAPE, GATEWAY SINUS. THAT'S ALL IN THE BUDGET THIS YEAR, I THINK MARK WAS REFERENCING THE REVENUE, EVERYTHING THAT CEO AND 2022. WOULD BE. OPENING FRASER'S REPORT THAT CAME OUT LAST AUGUST . RIGHT RESULT THAT WOULD BE WHAT'S IN THE REVENUE. AND THEN.2020 2023. WILL BE INCORPORATED IN THE PROPERTY APPRAISER'S REPORT. IT COMES OUT THIS SUMMER FOR THIS YEAR'S BUDGET BECAUSE THAT'S HIS WORD. SO ANYTHING LIKE REALLY THE TIFF. REVENUE FORECAST FOR 2023 WOULD INCLUDE YOU KNOW, UH. THE A LOT OF THESE SCIARRA PROJECTS THAT ARE YOU KNOW, JUST NOW COMING ONLINE LIKE GAVIN LEE, YOU KNOW, C O S C O IN 2023, LARGELY SO THAT BUT ALSO LAST YEAR. THE CITY OF STEWART HAVING ONE SINGLE FAMILY HOME START. ONE. R A P E D SO THREE YEARS FROM NOW. THE GROWTH IN THE PRIVATE AT THE END OF A CLIFF AND WELL, AND I THINK IF YOU LOOK AT THE 5% THAT PANEL FORECAST OUT, FORECASTED OUT YOUR PROBLEM IF YOU LOOK AT THAT , HISTORICALLY, LIKE IF WE LOOK AT 2015 TO WHERE WE SIT TODAY, I MEAN, THAT'S PROBABLY BEEN 10 15% RIGHT MORE OVER THE YEARS. YOU'VE GOT THE HEAVENLY GROWTH IN YOUR TOWN. THOSE ON SEMINOLE STREET, RIGHT? IF YOU DIDN'T ADD THAT THOSE TWO PROJECTS. THEM OUT OF THE C R A. THE ONLY REAL ZUL SUL. AS WELL AS AN $8 MILLION VALUATION FOR A WHILE. HAVE SOME FLUCTUATIONS. YEAH.
WOW WOW. THOSE OTHER PROJECTS MADE IN KETCHUP AND CREATE THAT 5% OF STORY INCREASES. MAYBE 2004. THAT'S NOT A SUSTAINABLE OR FORESEEABLE VALUATION YOU'RE GOING TO HAVE PASSIVE OR INFLATIONARY GROWTH. WANTS TO DEVELOPMENT. HAS STOPPED WHICH ESSENTIALLY IS NOW FOR EXAMPLE, THE ALBUM LEAH DEVELOPMENT. APPROVED IN 2003. IT WASN'T LIKE IT WAS SOME NEW STUFF CAME IN.
GET THIS RIGHT. BUT I MEAN, WHEN WE WHEN WE GOT INVOLVED THERE, YOU KNOW? THE ASSESSED VALUE IS 500 GRAND. ACROSS THE WHOLE THING. SO. TIFF REVENUE. THAT WAS A PRETTY GOOD DEAL. WE PAID MORE THAN THAT. THE TIP REVENUE IS JUST NOW CLICKING BECAUSE YOU HAVE VACANT PARCELS THAT ARE ASSESSED VERY LOW. AND THAT'S IF REVENUES CLICKING AT A HIGHER CLIP ON AN ON AN AVIDLY TYPE PROJECT THAN IT IS. YOU KNOW THE DOWNTOWN BUILDINGS THAT ARE MAYBE GOING UP AT A HAVE GONE UP IN AN EXPONENTIAL RATE, OR UP AND THEN YOU THINK HOMESTEAD CRES. THAT'S GREAT. OBVIOUSLY WHEN YOU GO FROM BACON TO RIGHT. YOU'RE JUST ADDING DOLLARS THEORY SO THAT FIRST IN THE SENSE OF BIG MARINA FINE. ALL OF THEM. AND THEN YOU HAVE THE SEVERAL CONDO SELFISH AND SO, BUT WHEN YOU LOOK AT FORECASTING . AND THE CRE AT ALL. RECENTLY. VERY MUCH. YOU MIGHT HAVE SOMETHING LIKE THE BAPTIST CHURCH. IT'S FOR SALE. DEGENERATING ZERO TAXES. MHM BE REDEVELOPED. WELL, EVEN IF IT WERE TRANSFERRED, IT WOULD CAUSE AN INCREASE. AND THEN IT WOULD LIKE IT WENT FROM. YEAH WE WENT FROM NOT FROM CHURCH OWNERSHIP TO NON CHURCH OWNERSHIP. AND THEN IF IT WAS BUILT ON BUT I THINK WHAT MARX ASKING IS YOU KNOW, HAVE WE LOOKED AT BECAUSE WE DO LIKE IT DOES SHOW A FORECASTED 5% GROWTH IS THAT SUSTAINABLE CONSIDERING YOU'RE NOT WE'RE NOT ADDING THOSE PROJECTS AT THE CLIP THAT HAVE BEEN, YOU KNOW, WE DID BETWEEN 2019 AND 2023. EXACTLY PLUS A COUPLE OF THOSE PROJECTS THAT CAME ONLINE IN TWO OR THREE OF THEM CAME ONLINE. WE KICKED BACK SOME DOLLARS TO THEM IN TERMS OF TAXES TAX THAT'S IN THAT. MM.
OKAY SO WE'RE TALKING 5% ON TOP OF THAT, SO YOU WOULD BE TALKING ABOUT YOU'RE TALKING. THIS IS
[00:35:01]
JUST TAKING THE FORECAST OF THE GNOMES AND FORECASTING ALRIGHT, THIS IS WHAT WE'D LIKE. THAT 2024 ASSESSMENT IS I WOULD IMAGINE BASED ON ACTUAL PROJECTS BECAUSE YOU CAN LOOK ALL THAT UP AND YOU CAN FIGURE IT OUT NOW AND THEN 2025 YOU KNOW, IT'S JUST ADDING 5. I THINK YOU KNOW CAN JUSTIFY THE 5% BECAUSE IF ALL THE PROPERTIES IN DOWNTOWN STUART GROTTA VALUE OF. 3% AND ONE NEW PROJECT COMES ONLINE. THAT BUDGET GROWS BY 5. RIGHT RIGHT. SO IF YOU DISSECT THE MATH THERE, I THINK WHAT YOU'RE ASKING FINAL IS TO DISSECT THE MATH A LITTLE BIT AND JUSTIFY THAT 5% JUST IT SEEMS LIKE IT SEEMS LIKE A BIG NUMBER IF IT'S IF IT'S DOABLE. AT LEAST WE GOT SOMETHING OUT OF SOME OF THAT GROWTH. YOU KNOW THAT THAT'S GOING TO AFFECT AND IS GOING TO HELP. THE CITIZENS OF THE STUART . YOU KNOW IT'S GOING TO REDUCE THEIR OVERALL TAXES IN GENERAL, BUT MY CONCERN WAS. BECAUSE DOLLARS BEING SPENT HERE. UM I DON'T HAVE TO COME OUT OF THE GENERAL FUND AND SO IT ULTIMATELY DOESN'T END UP IN A TAX INCREASE THE PEOPLE IN THE IN THE CITY THE DOLLARS BEING SPENT. HERE ARE THE GENERAL THE GENERAL FUND. DOESN'T GET. THE ADVIL OR IN TAXES THAT IT WOULD OTHERWISE BE RECEIVING. BECAUSE THOSE ALARM TAXES ARE REMOVED.BUT INTO THE C R A SO SPEAKING. 100% OF THE MONEY. CAME OUT OF THE GENERAL FUND NOW DISTINCTION IN THE OKAY. MUNICIPAL C R A TIM GENERATED BY 90% OF. THE VALUATION INCREASE OF, FOR EXAMPLE. IN 2000 OF AVIDLY 19 $99,000. THAT WAS THE BASE CHRIST THE BIBLE. $1000.05 BILLS OF THAT GOES TO THE CITY GENERAL FUNDS. SIX POINT WHATEVER THAT GOES TO THE COUNTY GENERAL BODY.
AND EVERYTHING OVER BETWEEN $500,000 IN ITS CURRENT VALUATION. THAT'S THE INCREASE.
TITLE INCREMENT FUNDING. 20% OF THE INCREASE IN VALUE. TAXES GENERATED FROM IT INSTEAD OF GOING TO THE GENERAL FUND. GOES TO THE C R. A THE GENERAL FUND DOESN'T GET ITS FORECASTING BECAUSE IT DOESN'T GET THE INCREASE IN THE VALUATIONS FOR IT. WHEREAS THE C R A THINKS THAT MONEY AND THE C R A EVEN GETS THE COUNTIES TAX OR 90. JUST STAYS FLAT. THEY DON'T GET ANY NEW MONEY, BUT IN THE 10% OF ITS VALUATION INCREASE, BUT IT'S ALL GENERAL. COMING AWAY FROM LABOR. I MEAN THE DOES THAT 5. IS IT A SUSTAINABLE FORECAST THAT IT'S GOING TO CONTINUE INCREASING? 5% IF YOU GO. 1999 TO 2005 OF THOSE YEARS WHERE FIRST YEAR TODAY. THEY DON'T LIKE 2006, OR SEVEN RANGE HAVE GOTTEN BUILT SOME STUFF. AND YOU PROJECT IT OUT. IT'S LIKE IT WAS ABOUT $2 MILLION. AND NOW IT'S A $5 MILLION. AT 7. FORESEEABLE THAT IT WOULD. 10% OF THOSE SEVEN YEARS, BUT IT'S 7% YES. IT'S A LITTLE OVER 10 YEARS. SO IT SHOULD GO FROM 2004 TO 2014.
IT SHOULD. GONE FROM 2 MILLION TO 4 MILLION. AND WHICH, OF COURSE CLEAN THE MILLION IF YOU.
THE SAME 7% GROWTH FOR ANOTHER 10 YEARS OF 24. IT SHOULD HAVE BEEN GONE TO 8 MILLION OBVIOUSLY. IS JUST AROUND 5 MILLION, SO I KNOW JUST LOOKING AT IT WITHOUT IT, NOT COME CLOSE TO THE 7% GROWTH RATE. RIGHT THE GROCERY GROWTH RATE WAS PROBABLY MUCH CLOSER. LIKE A 3% READY.
AND. OR MARY DEVELOPMENT, SEMINAL STREET AND AVENUE DIDN'T EXIST BEING ADDED TO IT. THAT'S NOT GOING TO BE ADDED REAL MYSTERY IS WHY DO YOU WAIT 10 YEARS TO BEGIN? WHY DON'T WE GO TO A C R A AND THEN JUST LET IT SIT THERE. THERE'S SOME MINUTES ON THE MEETINGS 1919 98. WE DISCUSSED THAT. OKAY, SO. THANK YOU WANT TO DO SPILLED MILK? IT STILL WOULD HAVE. PUT US IN A MUCH, MUCH LOWER. ONE OF THE POINTS THAT MARK BROUGHT UP AND IT PROBABLY BECAUSE THIS IS JUST
[00:40:08]
BIG PICTURE. AND THIS IS STUFF THAT YOU KNOW WE MAY DO. WE MAY NOT DO. WE MAY FIND OURSELVES NOT HAVING THE MONEY TO DO IT, AND YOU KNOW THAT THAT'S ALL FINE AND DANDY. UM WHEN YOU LOOK AT THE UNDERGROUND IN THE SEMINOLE AND YOU KNOW, I DON'T KNOW IF WE'VE LOOKED BEYOND SEMINAL AND I DON'T KNOW HOW MUCH OF PANDORA'S BOX YOU WANT TO OPEN UP WITH IT, BUT YOU KNOW? TO MOBILIZE, DEMOBILIZED AND DO ALL OF THE WORK INVOLVED IN THAT ONE SMALL STREET IS PROBABLY NO SMALL FEAT. BUT IS THERE ANY IS THERE ANY SCALE OR VALUE OF SCALE THAT CAN BE ACCOMPLISHED BY GOING BIGGER AND , YOU KNOW, DOING MORE OF THE DOWNTOWN UNDERGROUND? AND, YOU KNOW, EXPANDING THAT PROJECT TO BE SOMETHING THAT INCLUDES MORE AREA AND THEN MAYBE MAKES IT A MORE VIABLE. PROJECT UM, IN THE SENSE THAT YOU KNOW, 3.5 MILLION BUCKS FOR A SINGLE STREET MIGHT BE YOU KNOW? PRETTY YEAH, HARD TO SWALLOW. BUT YOU KNOW, $10 MILLION TO BE ALL OF DOWNTOWN FROM THE WELLS FARGO TO THE EXISTING UM THE EXISTING TO WHERE WE SIT TODAY, YOU KNOW, MIGHT YOU MIGHT START TO LOOK PRETTY SMART AND A FEW YEARS YOU GOT A BASE ROLLOUT COST IN THAT 3 MILLION. IT'S JUST BE ABLE TO SPREAD OVER. I MEAN, LIKE, WE'RE WORKING ON SOME PROJECTS WITH FP AND L AND LITERALLY THEIR PAPERWORK IS YOU PAY US $200,000 UP FRONT. AND THEN WE'LL DESIGN IT. AND TELL YOU WHETHER WE CAN DO IT OR NOT. SO LIKE IF WE'RE GOING TO BITE THAT BULLET, AND WE'RE GOING TO DEAL WITH THAT TROUBLE DO WE WANT TO AT LEAST PUT IT INTO THE C I P AT THE END OF THE C R A PLAN. TO HAVE MORE OF AN UNDERGROUND NG PROGRAM FOR ALL OF DOWNTOWN BECAUSE, YOU KNOW I'M YOU KNOW, KIND OF IN TOM'S CAMP LIKE 3.5 MILLION BUCKS IS A LOT, BUT WE DON'T WANT TO LET WE DON'T WANT TO JUST LEAVE IT WHAT IT IS BECAUSE IT DOES LOOK SHABBY, BUT LIKE, DOES THIS BECOME A BIGGER PROGRAM THAT WE ALL LOOK AT AND GO? HEY, THIS THIS STARTS TO MAKE A LOT OF SENSE AND 4 2005 CITY COMMISSIONER. WHICH WAS ESSENTIALLY THE CR REQUIRED. OR ANY OF THEIR. HMM I LIKE PEOPLE TO CITY TALENT. FOLLOWING. RIGHT? BY 2008. MHM. HURT.FORGOT TO TURN IT ON UNTIL 2012. YEAH, AS A RESULT. LAST MONTH OF DROWNING WENT FROM BEING DEAL BREAKER. YEAH. COMMISSION. TO GET OUT. CONDITION ONE. SOMETHING THAT YOU'D BE ASKED FOR THOSE TAKEN CONSIDERATION. COMMISSION AS A BENEFIT. NOT A SINGLE DEVELOPER HAS ENDED UP DOING BUT WHAT DEVELOPMENT. WHAT WOULD ANY DEVELOPMENTS THAT ALL CAME FORWARD? THE CONDOS ARE PUBLISHING. ANOTHER ONE, RIGHT? JUST WHATEVER COMES OUT. WELL BUT I MEAN, LIKE, THINK ABOUT WHAT HAS TO GO INTO THAT, LIKE IT'S 100, FT. A FRONTAGE AND YOU'RE LITERALLY LIKE HAVING TO LIKE ANCHOR A POLL HERE ANKARA POLL HERE AND THEN GO UNDERGROUND. I FEEL LIKE THIS SCALE. DOWNTOWN. YOU HAVE TO. SEVERAL STREETS AND THEN IN COLORADO GOES UNDER BUT THEN EVERY SINGLE BUSINESS RIGHT OUT AND ALL OF THE BUSINESSES ARE WIRED FROM THE TOP DOWN AND YEAH , SIDE OF THE WALL. I MEAN, BUILDING AND READ IGATE, AND SOMEHOW WE RUN THE WIRE. AND I'M JUST SAYING THAT LIKE ACROSS A BIGGER SCALE, THERE'S PROBABLY A BIGGER THERE. YOU KNOW, ACROSS THE BIGGER FIELD, THERE'S MORE SCALE TO BE REALIZED. AND ARE WE SELLING? ARE WE SELLING OURSELVES SHORT HERE BY NOT PUTTING THAT INTO THE PLAN? AND THEN YOU KNOW WHEN ALL TALKS TO HER CONTRACTORS AND THEY'RE LIKE, YEAH, I MEAN, IT'S 3.5 MILLION BUCKS FOR THE STREET.
BUT IF YOU WANT ME TO THROW IN OSCEOLA FOR AN EXTRA MILLION, I'LL DO IT AND THEN WE'RE ALL SITTING HERE GOING OUT. IT'S NOT IN THE PLAN DOES INCLUDE OSCEOLA. IT'S JUST NOT IT'S SEMINAL OSCEOLA ST LUCIE IN COLORADO. IT'S OK. YEAH, DOWNTOWN. UM TWO POINTS FIRST.
YEAH, THAT'S 5% OBJECTION. I'M NOT SURE YOU SEEM TO BE VERY. UNSUSTAINABLE. THAT DOUBLES IN 40. YEAH POINTS. GO BACK TO 2000. AND WHAT WAS IT IN 2005? ROUGHLY A MILLION DOLLARS. YEAH
[00:45:13]
2005. AND SAY ANOTHER 14. DOLLARS. WHICH. MAYBE IT DEPENDS WHAT WAS BUILT RIGHT? THAT'S THE THING STARTED ZERO. GOING TO $100 IS NOT ONLY. 1000% INCREASE OR WHATEVER NUMBERS YOU WANT BELOW NUMBERS. IT'S HARD TO FIGURE IT OUT. ONCE YOU GET TO THE TRUTH, VALUATION WHERE I THINK IS WHERE WE ARE NOW, AND IT'S STARTING THIS SERIES DEVELOPED OUT AND THEN ARENA HAS BEEN ADDED AND HARD WORK HAS BEEN ADDED THIS KIND OF HAVE BEEN ADDING DOWNTOWN'S GOT TRUE VALUATION AND I JUST CAN'T IMAGINE. DOUBLING THIS VALUE. WORKING YEARS. I MEAN, I THINK I THINK INFLATION IS KIND OF A WEIRD THING, RIGHT? LIKE EIGHT. IT DOESN'T MAKE SENSE THAT RENTS ARE 50 BUCKS A SQUARE FOOT, BUT ALSO THEY KIND OF ARE, YOU KNOW, LIKE, YOU KNOW, IT DOESN'T MAKE SENSE THAT NO COSTS WHAT IT COSTS, BUT IT DOES, YOU KNOW, AND SO LIKE. THAT'S I MEAN, BY THE WAY. I'M NOT SAYING THAT CHANGING. I JUST THINK THAT WELL, BUT I DON'T SEE SIGNIFICANT INCREASES SINCE 2017 . THEY'RE CRAZY NUMBERS BECAUSE OF 2016, OR 17 WAS JUST BARELY A MILLION DOLLARS. 5% IS DOUBLY NEVER EVERY 14 YEARS, RIGHT? I MEAN, LOOK AT 20 LOOK AT 2010 AT MILLION AND A HALF DOLLARS AND YOU KNOW, HERE WE ARE 5.5. WE WERE JUST GOING OVER A MILLION DOLLARS. AND THEN IN 2000. YEAH, OVER $5 MILLION, SO DOUBLE AND THEN DOUBLE H. HERE'S THE THING YOU YOU GUYS ARE LOOKING AT IT. NO SORT OF, YOU KNOW. BUBBLE.BECAUSE THAT'S NOT THE WAY REAL ESTATE WORKS, AND NICK KNOWS THIS VERY WELL AS AN APPRAISER.
JUST WHAT I THINK WHAT WE'RE TO CONTINUE. IN THAT VEIN NOW SHOULD WE CHANGE IT? PROBABLY I'M NOT ANXIOUS TO CHANGE IT BECAUSE THE C I P IS ONLY FOR ONE. AT THE END OF THE DAY.
WE'RE PLANNING ONE YEAR AT A TIME. SO IN ANY GIVEN MOMENT, WE CAN SAY YOU KNOW WHAT? LET'S PUSH THAT BACK TWO YEARS. LET'S PUSH THAT BACK ON. SO I THINK THIS IS SORT OF MAKE BELIEVE NUMBERS. WE HAVE. CAN I JUST MAKE MY FINAL PART? YES, NICK, YOUR YOUR SUGGESTION. SORT OF A RESPONSE TO MY EARLIER QUESTION. WHICH WAS OKAY FOR FUNDING ON UNDERGROUND. LET'S REALLY UNDERGROUND. AND BY THE WAY, AT THE SAME TIME SINCE WE'RE TAKING UP ALL THE STREETS LOTS OF RETREAT THESE STREETS PROPERLY. YOU KNOW IF WE SHARPEN OUR FOCUS AND SAY THIS IS THE PRIORITY YOU WANT TO RETRIEVE THESE STREETS? YOU WANT TO TAKE ADVANTAGE OF SCALE IF IT'S AVAILABLE. YOU KNOW AGAIN. IS THERE A BADGE TO NARROWER? YOU NARROWING OUR FOCUS? YOU ASK HIM RAISE SENSIBLE QUESTION. SO WE CAN LISTEN, MAN, MAN. YES 1ST 2ND AND LAST SO, UM. I JUST WANT TO GO BACK TO MARK AND SOME OF THE LETTERS AND ADVERSITIES. RECENTLY JUST ABOUT GROWTH. OVER CITY. AND ESPECIALLY IN THE DOWNTOWN AREA. PEOPLE CONCERNED IN THE LAST TIME WE HAD A MAJOR PROJECT. OR ISSUE COME IN FRONT OF THE CITY. PEOPLE WERE CONCERNED ABOUT PARKING AND COLORADO PLACES AND MAYBE THIS IS NOT THE TIME. TO DO THAT. THOMAS SCANDAL SUB, BUT IT IS A PART OF THE PROCESS OF THE PLANT. UPDATE PROCESS PEOPLE I DON'T KNOW IF WE NEED AH WORKSHOP, MR MARTEL OR REFRESHER OR SOMETHING FOR THE PUBLIC IZING. WE KNOW WHAT DO YOU PUT YOUR STATE, YOU KNOW? WHAT IS HAPPENING? WHAT WE'RE DOING. AND EVEN IF IT'S JUST AN OPEN MOUTH
[00:50:02]
FROM THIS CAN SOLVE THIS, SO THAT THE THINKING AND I THINK SHE SHOULD ON THAT JUST DID YOU KNOW, I KNOW. YEAH. YEAH I DON'T KNOW SOMETHING ABOUT ANOTHER REALLY OUTREACH MANDATORY ATTENDANCE. NO. YOU WON'T GET YOUR LEGS TURNED OFF OR SOMETHING, YOU KNOW? NO, I WOULDN'T. I DON'T WANT TO CALL IT THE NAMES THAT I RECEIVED FROM SOMEONE WHO WAS VERY I'M JUST GOING IN THE DOWNTOWN AREA AND SHE HAD SOME VERY TOUGH REMARKS OF THE GUARD, TOO.DECISIONS AND THINGS AND I JUST THINK PEOPLE TO INTERVIEW FRESH START TWO RIHANNA STAND HOW THINGS ARE AND I KNOW THAT WE HAVE PLANNING PLANNING WHAT IS OFFENDING FUNDS AND WE'RE DOING WHAT WE'RE DOING, BUT MAYBE THEY COULD BE ANOTHER WAY TO MAKE SURE THAT PEOPLE NO, UM. WHAT'S HAPPENING, MAYBE A LITTLE SLIDE OR SOMETHING MORE ON THE ABOUT WHAT FROM THE CITY ABOUT WHAT WE DO WITH OUR ER. PEOPLE. I GOT THAT EMAIL AS WELL. OKAY? AND I DIDN'T WANT TO GET YEAH, REALLY NEED TO RESPOND TO HER. AND I WISH THAT IF SHE HAD COME TODAY, COME TO THIS. BUT NOBODY COMES TO THESE MEETINGS THAT HE RIGHT. YEAH. SO I THINK YOU KNOW? I THINK I REMEMBER GETTING A PAPER A NEWSPAPER LIKE AN ACTUAL PAPER ONE WHEN MY DAD WAS YOU KNOW WHEN I WAS A KID AND YOU KNOW, GOT DELIVERED IN THE HOUSE AND MY DAD, YOU KNOW, GO FORWARD OR SOMETHING, BUT WHEN I, UM WHEN WE CAME FORWARD WITH GAVIN LEE, I THINK IT WAS ONE OF THE READ. YOU KNOW, LIKE THE NEW AVIDLY IN LIKE 2015. I HAD A REPORTER CALLED ME AND SHE SAID, HEY, YOU KNOW, I SEE YOU'RE DOING THIS AVIDLY THING, AND I SAID, YEAH. YOU KNOW, WE THINK IT'S A GREAT PROPERTY. WE'D LIKE TO, YOU KNOW, IF YOU WANT TO COME INTO MY OFFICE, I'M HAPPY TO SIT DOWN AND PRESENT, YOU KNOW, LIKE, TALK TO YOU ABOUT IT AND DO ALL THAT? WELL, THAT'S THAT'S GREAT, BUT MY DEADLINES IN AN HOUR, SO COULD YOU JUST TELL ME WHAT IT IS THAT I NEED TO KNOW ABOUT THIS, AND THAT'S I MEAN, I THINK THAT'S WHAT'S MISSING. AND YOU KNOW THERE'S NO REAL LIKE INFORMATION THAT'S JUST OUT THERE THAT EVERYBODY GETS. AND THEN YOU KNOW TO FILL THAT VOID. YOU KNOW, YOU JUST HAVE LOTS OF MISINFORMATION AND THAT, I THINK, YOU KNOW, I MEAN, YOU LIVE IF WHAT YOU'RE GETTING AT IS THAT THE SIERRA INCLUDE A PROGRAM TO YOU KNOW, MAYBE INCLUDE A LITTLE MORE OUTREACH.
UM I MEAN, I FIND IT A LITTLE BIT CRAZY BECAUSE YOU KNOW, BETWEEN THE FREEDOM OF MOVEMENT OF INFORMATION ACT AND SUNSHINE LAWS AND EVERYTHING THAT IS LEGALLY AT SOMEONE'S FINGERTIPS TO GO AND GET IT THEIR WHIM. UM YOU KNOW YOU YOU'RE STILL IN THE LIKE THE CR THE COMMISSION AGENDAS GET PUBLISHED, AND YOU HAVE TIME TO REVIEW THEM. BUT YOU KNOW THAT THAT CLEARLY HASN'T BEAT THE CLOCK OF, YOU KNOW. INFORMATION THAT'S JUST FLOATING AROUND IN RUMORS AND SUCH SO WHO SAY THINGS BUT TOM, IT'S I DON'T JUST I'M NOT ONCE A MONTH, NOT DISAGREEING WITH YOU.
BUT THE PROBLEM IS THAT LIKE YOU'RE EITHER GOING TO BE A VICTIM OF IT, OR YOU'RE GOING TO GET OUT IN FRONT OF IT CAN GET OUT IN FRONT OF IT. AND JUST TO GO BACK BEFORE YOU ADJOURNED THE MEETING. WE GIVE. WE'RE ALMOST DONE, BUT WE HAVE A CR, BUT WE HAVE A C R A PLAYER AND A C I P PLAYER. EVERY YEAR. EVERY YEAR. WE REALLY EVALUATE WHAT WE'RE GOING TO DO DURING THE YEAR. SO IT'S ALWAYS A REEVALUATION, DEPENDING ON HOW MUCH MONEY WE'RE GOING TO TAKE CARE. THEN I'LL SAY SO. I KNEW THERE WAS ONE OTHER THING THAT I FORGOT ABOUT THAT WAS GOING TO MENTION IT IS THAT WHEN I WAS GOING THROUGH THE INFORMATION ON THE PROJECTS WE HAVE. WE HAVE THE CAPITAL IMPROVEMENT PROJECTS, WHICH WERE SPENDING MILLIONS OF DOLLARS ON WHICH MAKES SOME SENSE BECAUSE THEY'RE EXPENSIVE, AND THEN WE HAVE THESE OTHER LITTLE HANDFULS OF PROJECTS.
THAT I THINK WE WASTE A LOT OF MONEY ON THERE TOO SMALL TO DO ANYTHING SIGNIFICANT. YOU KNOW YOU'RE PLANNING ANOTHER TREE OR YOU'RE LETTING SOMEBODY AND THEN MATCH THEM. YOU KNOW, I REALLY WOULD LIKE TO SEE THE SCIARRA PUT MORE MONEY ASIDE FOR ON THAT IMPROVEMENT SIDE. TO PRESERVE SOME OF THE HISTORIC PROPERTIES WE HAVE IN TOWN BECAUSE WHAT HAPPENS IS THAT OVER A PERIOD OF TIME THE PEOPLE CAN'T AFFORD. THOSE ARE EXPENSIVE PROPERTIES MAINTAINED AND THEY CAN'T AFFORD IT, AND THEY GET IN DISREPAIR AND MORE DISREPAIR AND MORE DISREPAIR AND THEN WHEN THEY GET READY TO SELL. THE ONLY CHOICE IS TO TEAR HIM DOWN. YOU CAN'T RESTORE HIM AT THAT POINT, BECAUSE IT COSTS YOU THREE TIMES WHAT THE PROPERTY IS WORTH. SO YOU KNOW IF WE COULD, IF WE COULD HAVE SOME FUNDING THAT WOULD HELP. TO SO THAT HISTORIC PROPERTIES HAVE
[00:55:07]
A CHANCE OF BEING PRESERVED. AND THAT HAS TO BE DONE UP FRONT RATHER THAN DOWN THE ROAD. SO ANYWAY, I'D LIKE I'D LIKE TO SEE US LOOK AT THAT A LITTLE BIT WITHIN THE C R. A WHAT COMES TO DIFFERENT DISTRICTS AND LOTS OF THINGS WHERE PEOPLE ARE INVITED TO GO AHEAD TO MAKE A MOTION OF RESOLUTION, GERALD. STUDYING GOODNESS ALRIGHT, SO YES, SIR. UM. YES THE PUBLIC COMMENT. DO YOU HAVE ANY PUBLIC COMMENT ON THIS? YOU HAVEN'T FILLED OUT A GREEN CARD. GO AHEAD. FILL IT OUT AFTER ALL RIGHT. THERE'S NOT YES. OKAY? YES, CALL. ALRIGHT, BOARD MEMBER COLLINS. REMEMBER CLARK KERR RICH? BOARD MEMBER MCDONALD YES, MEMBER SCHROTH? YES. CAMPENNI CHAIR. BRUNER.YES. BRIEFLY RESPONSE. TO CONCISE. IT'S ALL THERE'S A LAND USE. LICENSE SENT. IF YOU'RE IN THE AND CENTER, SO. HE SAID. YES WE WANT TO DO IT. WE HAVE 85% BECAUSE WHEN YOU'RE WALKING THROUGH DOWNTOWN STUART, ALL THE BUILDINGS ARE WALL TO WALL AND ONE OF THESE SYMPTOMS. PLEASE CONTINUE TO PEDESTRIAN FEELING. BUILDING ON PROPERTY THAT'S ONLY 15 OR 20% OF THE PROPERTY. AND THEN THERE'S A VOID BEFORE YOU GET TO THE NEXT BUSINESS. AND THEN THE NEXT PROPERTY THEY'RE BUILDING ON 30% OF THEIR PROPERTY BECAUSE OF SECOND OR DOUBLES, THE VOID, AND AS A RESULT, THOSE GAPS ARE CREATED, SO THEY WENT TO THE PROCESS AND DREW UP THE MAPS OF WHERE THEY WANTED THOSE CORRIDORS TO BE. BEING DESIGNED. THAT WAS THE URBAN CENTER CONCEPT. REALLY WASN'T WORKING SPACE. IT WAS ABOUT. SEE OUR PLAN AND GETTING PERMITS AND. BASIC. FIREHOUSES.
GUESTHOUSE. THERE WAS BLACKED OUT. THAT'S MINE. MADAM CHAIR, MAKE A MOTION TO ADJOURN. THANK YO
* This transcript was compiled from uncorrected Closed Captioning.