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MY SON'S GOT, MY SON'S GOT THREE OF THEM, SO I'M GOOD TO GO.

[00:00:04]

I'M CALLING THIS MEETING TO ORDER OF THE COMMUNITY REDEVELOPMENT AGENCY.

[CALL TO ORDER]

THE 24TH OF MARCH, 2025. ROLL CALL PLEASE, MADAM CLERK.

CHAIR. RIDGE HERE. VICE CHAIR. COLLINS. HERE.

BOARD MEMBER. CLERK. HERE. BOARD MEMBER. JOB.

HERE. BOARD MEMBER. READ. BOARD MEMBER. BRECHBILL.

HERE. BOARD MEMBER. JAMES. HERE. WE DO NOT HAVE AN INVOCATION, SO PLEASE STAND FOR 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.

I NEED TO LEARN A SONG. HE'S 71. HE CAME IN. YEAH.

OKAY. CAN I GET A MOTION FOR APPROVAL OF THE AGENDA?

[APPROVAL OF AGENDA]

SO MOVED. SECOND. WE HAVE A MOTION BY THE VICE MAYOR AND A SECOND BY COMMISSIONER CLARK.

ANY PUBLIC COMMENT? SEEING NONE. ANY COMMENTS OR QUESTIONS BY THE COMMISSIONERS? SEEING NONE. ALL IN FAVOR? AYE. DO WE HAVE ANY COMMENTS FROM THE PUBLIC? DO WE HAVE ANY PUBLIC, MR. SHEARER? YOU, IN FACT, COUNT AS PUBLIC.

DO WE HAVE ANY COMMENTS FROM THE PUBLIC ON NON-AGENDA ITEMS? NEGATIVE. SEEING NONE. COMMENTS BY BOARD MEMBERS.

[COMMENTS BY BOARD MEMBERS (Non-Agenda Items)]

COMMISSIONER JOB. DO YOU HAVE ANY COMMENTS? NO, I DO NOT.

THANK YOU, COMMISSIONER CLARK. IT WAS AMAZING TO READ THE ANNUAL REPORT.

I'M SORRY. BOARD MEMBER. CLARK. BOARD. YES, SORRY.

IT WAS AMAZING TO READ THE ANNUAL REPORT, AND I'M LOOKING FORWARD TO THE PRESENTATION BY MISS PINKSTON.

BOARD MEMBER JAMES, NO COMMENTS AT THIS TIME.

THANK YOU. BOARD MEMBER. JUST ONE GENERAL COMMENT FOR THIS BOARD TO THINK ABOUT.

WITH THE CHANGES THAT WE'RE MAKING IN IN THE CITY.

OKAY. RIGHT NOW, I THINK THAT THE CRA IS GOING TO NEED A LITTLE GUIDANCE RELATIVE TO WHAT TYPES OF THINGS THAT THAT WE SHOULD APPROACH AND WHAT TYPES OF THINGS THAT WE SHOULD GET INVOLVED WITH, AND HOW THAT RELATIONSHIP, OR THAT SYMBIOTIC RELATIONSHIP BETWEEN THE CRA AND THE CITY CAN WORK SO THAT WE MAXIMIZE THE REVENUE THAT'S COMING OUT OF THE CRA. YOU KNOW, OUR GOAL IN THAT CRA IS TO PRODUCE REALLY AS MUCH REVENUE AS POSSIBLE IN THAT CRA, BECAUSE IT'S TAX DOLLARS THAT WE GET TO KEEP VERSUS TAX DOLLARS THAT GO ELSEWHERE.

AND SO BUT WE HAVE TO FIGURE OUT HOW WE'RE GOING TO DO THAT.

YOU KNOW, SO THAT WE CAN MAXIMIZE THAT VALUE.

AND I THINK RIGHT NOW I'M JUST MENTIONING THAT I THINK THAT THERE'S A NEED TO KIND OF EXPLORE.

HAS THAT FOCUS CHANGED AT THE CRA LEVEL. SHOULD WE CHANGE AT THE CRA LEVEL, AND IF SO, WHAT IS THAT VISION? AND I'M KIND OF TALKING ABOUT LIKE LIKE WE DID 40 YEARS AGO OR WHATEVER IT WAS 45 YEARS AGO WHEN WE FIRST LOOKED AT THE VISION FOR DOWNTOWN.

I THINK IT MIGHT BE A GOOD IDEA TO, TO RELOOK AT THAT JUST TO SEE WHAT YOU KNOW, WHAT THE SITUATION IS.

ANYWAY, THAT'S JUST A COMMENT I HAVE. HAVE YOU MADE THAT SUGGESTION TO THE.

I WOULD THINK THOSE SPECIFIC SUGGESTIONS WOULD COME FROM THE CRB BOARD.

CRB. WELL, THE CRB, WE'VE WE'VE LOOKED AT THAT.

WE WERE JUST ASKED, YOU KNOW WHAT WHAT KIND OF MONEY WE THOUGHT SHOULD BE ALLOCATED TO WHAT.

AND IT WAS KIND OF IN THAT PROCESS THAT IT CAME TO MY ATTENTION.

I PERSONALLY KIND OF THOUGHT ABOUT, WELL, YOU KNOW WHAT? I'M NOT REALLY SURE BECAUSE I'M NOT SURE THAT WE SHOULD GO DOWN, YOU KNOW, THIS ALLEY, PER SE, AND OR THAT THE CRA SHOULD MAYBE THEIR DIRECTION SHOULD BE DIFFERENT AT THIS POINT.

AND, YOU KNOW, THAT'S CRA. ULTIMATELY, ALTHOUGH IT'S AN INDEPENDENT BOARD, IT IT NEEDS TO TAKE ITS DIRECTION FROM THE CITY COMMISSION AND FROM THE PEOPLE.

SO I'M JUST I'M JUST WONDERING IF IT'S NOT TIMED TO.

IT'S BEEN A LONG TIME. MAYBE WE SHOULD RETHINK ALL OF THAT AND SEE WHAT WE WANT TO DO.

BOARD MEMBER COLLINS. SO AT ONE OF OUR RECENT MEETINGS, PANEL HAD ASKED A SIMILAR QUESTION.

SHE WAS TRYING TO GET SOME FEEDBACK FROM US, AND MY COMMENTS WERE THAT I WOULD LIKE TO SEE US MOVING AWAY FROM THESE LARGE SCALE PROJECTS OR INVESTING ALL OF THE CAPITAL THAT'S AVAILABLE, LIKE THE UNDERGROUNDING OR A BRIGHT LINE AND AND STARTING TO MOVE IN THE DIRECTION OF PICKING DIFFERENT AREAS AND JUST MAKING IT NICER WHEN YOU PUMP ALL OF THAT MONEY INTO ONE THING, IT SORT OF AT THE EXPENSE OF THE REST OF THE CITY.

SO WHEN DOWNTOWN GETS $10 MILLION OUT OF THE CRA BUDGET WHAT ABOUT ALL THE OTHER PARTS OF THE CITY SO YOU KNOW, MORE IN THE DIRECTION OF INSTEAD OF CHANGING THE INFRASTRUCTURE, JUST MAKE SURE THAT THE ROADS ARE PAVED.

THE SIDEWALKS ARE NICE IF WE WANT TO DO SOME STREETSCAPING BEAUTIFICATION.

[00:05:04]

BUT THIS, THIS SORT OF THING THAT WE'VE BEEN DOING WHERE IT'S LARGE SCALE PROJECTS AND EVEN STREETSCAPING TO THE POINT OF CREATING COMPLETE STREETS WHERE IT'S LIKE TOTALLY CHANGING THE STREET, I THINK IS OVERKILL, YOU KNOW, AND, AND I'D, I WOULD RATHER SEE AND I THINK THE AVERAGE RESIDENT WOULD RATHER SEE THAT, YOU KNOW, THERE'S NO POTHOLES, THE ROADS ARE PAVED, THE SIDEWALKS ARE FUNCTIONAL.

WELL, IT'S NICE, BUT IT'S NOT. AND AND TO YOUR POINT, IT'S ANTAGONISTIC SOMEWHAT TO, TO YOUR POINT, WHICH IS WHAT DO WE DO FOR GREATEST REVENUE? AND GREATEST REVENUE MIGHT BE SOME OF THESE LARGER PROJECTS, BUT WELL, IT'S NOT EVEN THAT, CHRIS, AS MUCH.

I MEAN, YOU'RE YOU'RE GETTING TO WHAT I'M GETTING AT IS THAT, YOU KNOW, WE IF WE PUT A LITTLE THOUGHT INTO IT, THERE ARE WAYS WITHOUT GETTING INTO LEGAL ISSUES OR IN TROUBLE OR ANYTHING ELSE, THERE ARE WAYS THAT WE CAN WE CAN STRUCTURE SOME OF THE IMPROVEMENTS SO THAT WE CAN SPEND THAT CRA MONEY. WE HAVE TO, I MEAN, AND THAT'S PRODUCING PENALTIES.

I THINK IT WAS 40, 45% RETURN. IF WE CAN PRODUCE THAT, AND THAT KEEPS US AND THAT ALLOWS US AS A CITY TO NOT HAVE TO SPEND ANY GENERAL FUNDS AT ALL IN THE CRA, THEN WE CAN THEN SPEND THAT MONEY OUT IN THE CITY.

WE CAN'T SPEND CRA MONEY OUT IN THE CITY. THE EXAMPLE I USE IS IT'S A IT'S A KIND OF A DUMB EXAMPLE, BUT I'LL JUST USE IT. IF WE REPLACED A GARBAGE TRUCK IN DOWNTOWN STUART.

RIGHT. AND WE PAY $500,000 FOR A GARBAGE TRUCK, WE CAN DO THAT OUT OF CRA MONEY IF THAT GARBAGE TRUCK WAS IN THE CRA.

NOW THAT FREES UP A GARBAGE TRUCK THAT GOES SOMEWHERE ELSE.

RIGHT. SO WHAT I'M SAYING IS, IF WE CAN THINK ABOUT THIS A LITTLE BIT IN TERMS OF WHAT THAT SYMBIOTIC RELATIONSHIP SHOULD BE, SO THAT WE DO SPEND THE MONEY IN THE CRA, THAT MAKES US THE MOST MONEY TO BE ABLE TO REDUCE THE TAXES, OR AT LEAST KEEP THEM LOW FOR THOSE PEOPLE WHO LIVE IN THE CITY.

BUT THIS IS AN ACCOUNTANT MOVE. I KNOW IT IS BORDERLINE TAX EVASION.

IT'S NOT TAX EVASION. IT'S. YEAH, NO, IT'S PERFECTLY LEGITIMATE.

THAT'S ALL I'M SAYING. IT'S GOOD. IT'S GOOD. BOARD MEMBER COLLINS, ARE YOU DONE? I'M SORRY. I'M DONE. I'M DONE. I'D LIKE TO I WOULD JUST SAY BOARD MEMBER BRECHBILL.

DON'T SELL YOURSELF SHORT. I MEAN, THE PURPOSE OF THE CRA IS TO ATTRACT PRIVATE INVESTMENT AND ENCOURAGE ECONOMIC GROWTH AND ENHANCE THE QUALITY OF LIFE WITHIN THE SEWARD CRA. IT IS NOT. IT NEVER TO ME, HASN'T BEEN EXPLICITLY TO MAXIMIZE THE REVENUE.

THAT SOUNDS A LITTLE ODD TO ME. YOU HAVE SOME VERY QUALIFIED PEOPLE ON YOUR ON YOUR BOARD, AND I WOULD VERY MUCH VALUE YOUR SUGGESTIONS OR RECOMMENDATIONS ALONG THE LINES THAT YOU'VE JUST SUGGESTED.

THAT DOESN'T MEAN, OF COURSE, THAT WE'RE NOT BOUND TO TAKE THEM, BUT I WOULD HOPE YOU WOULD TAKE THE TIME AND SEEK INPUT FROM YOUR MEMBERS AND THE PUBLIC AND MAKE SOME, YOU KNOW, VERY SENSIBLE SUGGESTIONS TO US THAT WE CAN CONSIDER.

SO. OKAY. ACTION ITEM, WE HAVE THE PRESENTATION OF THE COMMUNITY REDEVELOPMENT AGENCY ANNUAL

[1. PRESENTATION OF THE COMMUNITY REDEVELOPMENT AGENCY ANNUAL REPORT 2024]

REPORT 2024. JORDAN, YOU ARE THE STAFF DOING THIS THIS EVENING? YES. SO I WILL BE DOING THE PRESENTATION TODAY.

GOOD AFTERNOON. CRA BOARD MEMBERS. JORDAN PINKSTON, CRA PROGRAM MANAGER FOR THE RECORD.

THE CRA IS REQUIRED TO SUBMIT AN ANNUAL REPORT OF ACTIVITIES AND FINANCIAL STATEMENT FOR THE PREVIOUS FISCAL YEAR, WHICH WOULD BE FISCAL YEAR 2024 TO THE STATE BY MARCH 31ST OF EACH YEAR.

A NOTICE WAS PUBLISHED IN THE NEWSPAPER. IF ANYONE WANTS TO REVIEW THE REPORT, AND IT WILL BE MAILED TO ALL THE TAXING AUTHORITIES AFTER THE REPORT IS REVIEWED AND APPROVED BY THE BOARDS. THE ANNUAL REPORT WAS PRESENTED TO THE CRB ON MARCH 4TH AND THE BOARD HAD NO OBJECTIONS AT THIS TIME.

I WILL GIVE A BRIEF OVERVIEW OF THE 2024 ANNUAL REPORT.

THIS IS THE TABLE OF CONTENTS THAT OUTLINES THE SECTIONS WITHIN THE REPORT.

ON THIS SLIDE EXPLAINS THE PURPOSE OF THE REPORT AND THE FLORIDA STATUTE REQUIREMENTS TO REMAIN IN COMPLIANCE.

IT ALSO INCLUDES OUR CRA MISSION STATEMENT. THIS SECTION DESCRIBES THAT THE CRA WAS ORIGINALLY CREATED IN 1986, AND IT WAS REESTABLISHED, AND THE TRUST FUND WAS CREATED IN 1998, WHICH IS THE BASE TAX YEAR FOR CALCULATING THE TAX INCREMENTS.

THE CRA WAS EXPANDED IN 2002 TO INCLUDE THE EAST STEWART NEIGHBORHOOD.

IN 2006, WE INCLUDED THE PUBLIC SAFETY BUILDING ON MLK, AND THEN IN 2015 2016, WE EXPANDED THE BOUNDARY TO INCLUDE AN ADDITIONAL 486 ACRES OF OF CONTIGUOUS CONTIGUOUS PROPERTY.

AND THEN CURRENTLY THE CRA BOUNDARY AREA, INCLUDING WATER, IS 923.87 ACRES.

[00:10:06]

WE ALSO AMENDED THE CRA PLAN FROM TIME TO TIME.

IT WAS LAST AMENDED AND ADOPTED BY THE CRA BOARD LAST YEAR.

THE PLAN SERVES AS A GUIDE TO IMPLEMENTING SPECIFIC PROJECTS THAT ARE NECESSARY FOR REVITALIZATION.

THIS SECTION DESCRIBES THE CRA BOUNDARY AND THE EXPANSION OF THE CRA IN 2002 AND 2006 AND 2015.

IT EXPLAINS HOW THE TAX INCREMENT FUNDING FINANCE WORKS, AND THE AND THE INCREMENT TAX IN REVENUE FROM THE BASE YEARS TO 2024.

VALUES. HERE ARE LISTED SOME OF THE MAJOR ACCOMPLISHMENTS SINCE THE INCEPTION OF THE CRA.

JUST TO NAME A FEW, WE'VE HAD THE ACQUISITION OF THE TRANS SYSTEM, STREETSCAPE IMPROVEMENTS, GREEN BIKE LANES, TRIANGLE DISTRICT AND FEDERAL HIGHWAY TREE PROGRAM, MASTER PLANS, AND THE ACQUISITION OF THE TRIANGLE PROPERTY AND 710 MLK BOULEVARD.

THIS IS THE ACKNOWLEDGMENT OF THE CRA BOARD MEMBERS AND CRA MEETINGS HELD IN 2024.

ACKNOWLEDGMENT OF BOARD MEMBERS AND A BRIEF DESCRIPTION OF THEIR RESPONSIBILITIES AND THE CRB MEETINGS HELD IN 2024.

THIS INTRODUCES US, OUR CRA STAFF, AND OUR BACKGROUNDS, AS WELL AS ACKNOWLEDGMENT OF THE CITY MANAGER, CITY ATTORNEY AND DEPARTMENT HEADS WHO WE WORKED CLOSELY WITH ON THOSE PROJECTS.

THIS SECTION HIGHLIGHTS ALL THE CRA PROJECTS, BUT MORE SPECIFICALLY ACCOMPLISHMENTS WITHIN FISCAL YEAR 2024.

THE CRA HAS A BUSINESS IMPROVEMENT REIMBURSEMENT PROGRAM, WHICH WE REFER TO AS BURP FOR EXTERIOR IMPROVEMENTS TO COMMERCIAL PROPERTIES.

THIS IS A MATCHING GRANT PROGRAM, SO WE'LL REIMBURSE 50% OF THE TOTAL PROJECT COST UP TO $10,000.

IN 2024, WE FUNDED FOUR APPLICATIONS THROUGH THE BURP PROGRAM WITH A TOTAL AWARD AMOUNT OF 37,000.

THE PROGRAM ENCOURAGES PROPERTY OWNERS TO INVEST THEIR OWN MONEY FOR THE IMPROVEMENTS.

THE BUSINESS OWNERS INVESTED APPROXIMATELY 44,000 OF THEIR OWN MONEY FOR THE PROJECTS FUNDED IN 2024.

AS OF 2024, THE PROGRAM HAS AWARDED 55 BUSINESSES WITH A TOTAL PRIVATE INVESTMENT OF 1.8 MILLION, WITH AN ADDITIONAL CRA CONTRIBUTION OF 388,000.

THE CITY ALLOCATES 50,000 FOR THIS PROGRAM ANNUALLY.

LAST YEAR, WE CREATED THE COMMERCIAL LANDSCAPE IMPROVEMENT GRANT PROGRAM, ALSO KNOWN AS CLIP, TO ENCOURAGE COMMERCIAL PROPERTIES TO UPGRADE LANDSCAPING AND PROVIDE SHADE TREES ALONG THE PERIMETER OF THE PROPERTY AND PARKING AREAS TO IMPROVE WALKABILITY, APPEARANCE OF THE PROPERTY AND BRING THEM INTO COMPLIANCE WITH LAND DEVELOPMENT CODE.

THIS IS A MATCHING GRANT PROGRAM AS WELL, SO WE'LL REIMBURSE 50% OF THE TOTAL PROJECT COSTS UP TO $5,000 FOR ELIGIBLE LANDSCAPE IMPROVEMENTS.

THAT INCLUDES IRRIGATION SYSTEMS AS WELL. THE CRA ALLOCATED 25,000 FOR THIS PROGRAM IN FISCAL YEAR 2025, AND THE APPLICATIONS WILL BE PROCESSED BASED ON A FIRST COME, FIRST SERVED BASIS.

WE ROLLED THIS PROGRAM OUT IN JANUARY 2025. WE ALSO HAVE A MURAL MATCHING GRANT PROGRAM TO ENCOURAGE MURALS WITHIN THE CRA. THIS IS ALSO A MATCHING PROGRAM WHERE WE REIMBURSE 50% OF THE TOTAL PROJECT COST UP TO $3,000.

WE HAD THREE APPLICATIONS FOR A MURAL MATCHING PROGRAM IN 2024.

THE MURAL WAS INSTALLED ON MCCARTY BUILDING ALONG MLK BOULEVARD AND EAST STUART.

THE MURAL REPRESENTS THE COMMUNITY LEADERS WHO HELPED SHAPE AND IMPROVE THE EAST STUART COMMUNITY.

THIS PROJECT HAS BEEN COMPLETED AND THE SECOND MURAL WILL BE INSTALLED AT 11 SOUTHEAST OSCEOLA STREET IN DOWNTOWN, SHOWING THE OLD COLORADO INN THEN AND NOW. THE THIRD MURAL WILL BE INSTALLED IN DOWNTOWN PUBLIX ON THE BUILDING FEATURING MANATEES, PELICANS, TURTLES AND OTHER SEA LIFE. AND IT'S HONORING THE ENVIRONMENTAL STUDIES CENTER, WHICH HAS BEEN SERVING THE COMMUNITY SINCE 1974.

THE RESIDENTIAL FACADE IMPROVEMENT GRANT PROGRAM IS AN INCENTIVE PROGRAM TO MAKE MINOR EXTERIOR IMPROVEMENTS TO RESIDENTIAL PROPERTIES.

WE PAY 50% OF THE TOTAL PROJECT COST UP TO $500, AND AN ADDITIONAL 500 FOR EXTERIOR PAINT CAN BE REQUESTED.

IN 2024, WE HAD THREE FACADE IMPROVEMENT APPLICATIONS AND SIX PAINT PROGRAM APPLICATIONS TOTALING $4,500 IN REIMBURSEMENT.

WE ALSO INITIATED THE RESIDENTIAL STREET TREE PROGRAM A FEW YEARS AGO TO INCREASE THE TREE CANOPY IN THE RESIDENTIAL AREAS WITHIN THE CRA.

WE DID DATA ANALYSIS TO IDENTIFY RESIDENTIAL AREAS OF GREATEST NEED FOR TREE PLANTING, AND WE PHASED AND PRIORITIZED NEIGHBORHOODS BASED ON THE EXISTING TREE COUNT DATA.

THE PROPERTY OWNER CAN REQUEST A FREE TREE IN THE FRONT YARD FROM A LIST OF RECOMMENDED TREE SPECIES, INCLUDING SHADE TREES, MEDIUM TREES, AND UNDERSTORY TREES, WHICH MAY HAVE OVERHEAD UTILITY LINES THAT NEED TO BE ACCOMMODATED.

WE COORDINATE WITH THE CONTRACTOR TO PLANT THE TREES IN SPRINGTIME, SO WE CAN TAKE ADVANTAGE OF RAINFALL AND MAXIMIZE THEIR CHANCES OF SURVIVAL.

[00:15:01]

SINCE THE IMPLEMENTATION OF THE PROGRAM, WE PLANTED 27 TREES AND THE DEADLINE TO APPLY THIS FISCAL YEAR IS APRIL 30TH AND IS OPEN TO ALL RESIDENTIAL HOMES WITHIN THE CRA. AND TO NOTE, SO FAR WE HAVE NINE APPLICATIONS.

HOW MANY? NINE. OKAY. WE ARE ALSO PURSUING DESIGNATING THE EAST STEWART NEIGHBORHOOD ON THE NATIONAL REGISTER OF THE HISTORIC DISTRICT.

THE NATIONAL REGISTER NOMINATION APPLICATION WAS SUBMITTED IN FALL 2024.

THE STATE IS REVIEWING ALL THE NOMINATION DOCUMENTS AND PLAN TO HOLD COMMUNITY MEETINGS, HOPEFULLY IN MAY.

ONCE THE DESIGNATION ONCE DESIGNATED, WE WOULD LIKE TO DO A PLAQUE AND THE DESIGNATION WOULD GIVE RECOGNITION TO THE COMMUNITY AND ACKNOWLEDGE THE IMPORTANCE OF THE AREA AND ITS HISTORY. IN THE ANTICIPATION OF THE NATIONAL REGISTER DESIGNATION, WE LAUNCHED A WEBSITE TO INCREASE AWARENESS OF THE RICH HISTORY AND HISTORIC COMMUNITY, ALSO KNOWN AS LINCOLN PARK, AND PRESERVE THE BUILDINGS AND SITES WITH HISTORICAL SIGNIFICANCE THROUGH GRANTS.

LOOKING FORWARD TO 2025. WE PLAN TO BE FOLLOWING THE SAME DESIGNATION PROCESS TO REGISTER A DOWNTOWN STUART IN THE NATIONAL REGISTER OF HISTORIC PLACES.

THE APPLICATION IS CURRENTLY UNDER REVIEW WITH THE FLORIDA DIVISION OF HISTORICAL RESOURCES.

WE DID WANT TO MENTION IT WAS BROUGHT TO OUR ATTENTION AFTER THE COMMISSION MEETING ON MARCH 10TH, THAT CERTAIN PROPERTIES WITHIN THE TRIANGLE DISTRICT WERE NOT INCLUDED IN THE PROPOSED HISTORIC DOWNTOWN DISTRICT.

NOMINATION. THE REASON IS THAT MOST OF THOSE PROPERTIES IN THE DISTRICT HAVE BEEN DEMOLISHED, AND THEREFORE IT'S CAUSING A VOID IN HISTORIC BUILDINGS IN THAT AREA TO HAVE A CONTIGUOUS BOUNDARY.

PROPERTY OWNERS WHO ARE INTERESTED IN THEIR BUILDING BEING DEEMED HISTORIC IN THAT AREA WOULD HAVE THE OPTION TO SUBMIT A SEPARATE APPLICATION FOR INDIVIDUAL FOR THEIR INDIVIDUAL BUILDING TO PURSUE THE NATIONAL NOMINATION, OR THE CITY COULD CHOOSE TO PURSUE ANOTHER HISTORIC DISTRICT NOMINATION FOR THE TRIANGLE DISTRICT, WHICH WOULD HAVE TO INCLUDE THE WHOLE PROCESS OF A SURVEY AND IDENTIFYING THE BOUNDARIES AND ANOTHER NOMINATION APPLICATION.

OKAY. WE LAUNCHED A NEW PROGRAM CALLED THE HEIRS PROPERTY ASSISTANCE PROGRAM TO HELP CLEAR TITLES TO QUALIFYING PROPERTIES SO PROPERTY OWNERS CAN TAKE ADVANTAGE OF CERTAIN PROPERTY BENEFITS. IF THEY HAVE A CLEAR TITLE, THEY CAN APPLY FOR LOANS TO IMPROVE THEIR PROPERTY, OBTAIN GRANTS, QUALIFY FOR HOMESTEAD EXEMPTIONS, AND GET HOMEOWNERS INSURANCE.

THE PROGRAM WILL PROVIDE LEGAL ASSISTANCE FOR UP TO $3,000 PER PROPERTY.

SO FAR, WE'VE HAD AN INTEREST IN A FEW PROPERTY OWNERS BUT HAVE RECEIVED ONE ONLY ONE APPLICATION SO FAR.

IN MAY 2024, DURING THE HISTORIC PRESERVATION MONTH, WE CELEBRATED DEDICATION OF A HISTORIC MARKER FOR THE WOMEN'S CLUB'S WOMEN'S CLUB OF STEWART CLUBHOUSE. THE CRA WILL BE CONTRIBUTING ABOUT $1 MILLION IN TIF FOR THE CONSTRUCTION OF THE OUTDOOR AMPHITHEATER AT MEMORIAL PARK.

THE IMPROVEMENTS WILL INCLUDE COVERED STAGE AREA, LAWN SEATING, LANDSCAPING, LIGHTING, AND OTHER PARK AMENITIES.

THE TOTAL COST OF THE PROJECT IS 2.7 MILLION.

MAJORITY OF THE COSTS WILL BE PAID FROM THE ARPA GRANT FUNDING, AND THE PUBLIC WORKS DEPARTMENT IS THE LEAD ON THIS PROJECT.

THE CRA PROVIDES FUNDING FOR THE OPERATION OF THE TRAM SYSTEM.

THE TRAM ROUTE WAS EXPANDED TO INCLUDE THE WELLS FARGO BUILDING AFTER THE CITY ACQUIRED THE PROPERTY.

THE PARKING LOT IS CONVERTED TO PUBLIC PARKING AFTER 5 P.M.

AND ON WEEKENDS, CREATING ADDITIONAL PARKING FOR DOWNTOWN VISITORS, WHICH INCREASED THE TRAM RIDERSHIP FROM THAT LOCATION IN 2024.

WE HAVE ADVERTISING PANELS ON THE TOP OF THE TRAMS THAT GENERATE $4,000 IN REVENUE IN 2024, AND WE RENT THE TRAMS FOR PRIVATE EVENTS, WHICH GENERATED ABOUT $1,500 IN REVENUE IN 2024.

WE WILL ALSO WRAPPING THE TRAMS WITH BRIGHT COLORS AND IMAGES TO INCREASE THE VISIBILITY AND PROMOTE RIDERSHIP.

THERE ARE SEVEN TRAMS AND WE SHOULD HAVE THEM ALL WRAPPED BY THIS SUMMER.

THE CONSTRUCTION FOR THE DOWNTOWN UNDERGROUNDING AND SEMINOLE STREETSCAPE IS UNDERWAY.

BURKHART CONSTRUCTION WAS AWARDED THE CONTRACT FOR $8.7 MILLION FOR THE CONSTRUCTION, AND IN OCTOBER 2024, WE RECEIVED 354,000 FDEP GRANT FOR THE PROJECT, AND IT'S A TWO YEAR PROJECT.

THE PROJECT IS EXPECTED TO BE COMPLETED IN NOVEMBER 2027, THE RIVERSIDE PARK NEIGHBORHOOD IMPROVEMENT PROJECT IS ALSO UNDERWAY.

IT'S LOCATED JUST NORTH OF THE OLD BRIDGE AND A RESIDENTIAL AND MIXED USE NEIGHBORHOOD.

THE TOTAL PROJECT COST IS 2.5 MILLION. WE RECEIVED A TAP GRANT IN THE AMOUNT OF 1.5 MILLION FOR THIS PROJECT, AND THE CONSTRUCTION BEGAN IN AUGUST 2024, BUT WILL BE COMPLETED IN SUMMER 2025.

WE ALSO PLAN TO MAKE IMPROVEMENTS TO THE MINI PARK WITHIN THE NEIGHBORHOOD.

THE IMPROVEMENTS WILL INCLUDE IRRIGATION, SHADE TREES, PAVED WALKWAYS, BENCHES, DECORATIVE FENCING, A NEW PARK, SIGNAGE TO IMPROVE USER EXPERIENCE, AND THE IMPROVEMENTS TO THE PARK WILL BEGIN IN SUMMER AND BE COMPLETED BY THIS FALL.

[00:20:01]

WE COMPLETED 30% DESIGN FOR THE MLK STREETSCAPE PROJECT.

THIS PROJECT INCLUDES A TEN FOOT SIDEWALK ON BOTH SIDES OF THE STREET.

ON STREET PARKING, CROSSWALKS. MID-BLOCK PLAZA AREA, STREET LIGHTS.

TRAFFIC CALMING TO ADDRESS SAFETY CONCERNS AT INTERSECTIONS AND LANDSCAPING.

WE ARE WORKING TOWARDS COMPLETING 60% PLANS AND WILL SCHEDULE A NEIGHBORHOOD MEETING SOMETIME IN THE NEXT FEW MONTHS.

THE 60% DESIGN FOR THE GUY DAVIS COMMUNITY PARK IS ALSO UNDERWAY IN OCTOBER 2024.

THE SCOPE OF WORK WAS AMENDED TO INCLUDE THE SKATE PARK DESIGN.

THE CITY'S DESIGN CONSULTANT FINALIZED AN AGREEMENT WITH SPAHN RANCH TO DESIGN THE SKATE PARK.

WE EXPECT TO GET CONCEPTS FROM SPAHN RANCH FOR REVIEW BY THE END OF THIS MONTH.

THE SKATE PARK COMPONENT WILL BE ADDED TO THE 60% PLANS AND SUBMITTED TO THE CITY FOR REVIEW BY LATE SPRING.

THE PLANS WILL BE PRESENTED TO THE BOARD AND COST ESTIMATES, SO THE BOARD CAN DECIDE WHAT ITEMS TO STAY OR TO BE REMOVED FROM THE PROJECT BASED ON THE BUDGET. THE CRA HAS BEEN WORKING ON THE GATEWAY AND DISTRICT SIGNAGE PROJECT SINCE 2021.

WE WENT THROUGH MULTIPLE CONCEPTS AND SURVEYS FOR FEEDBACK FROM THE COMMUNITY, AND EVERY TIME WE DID THE SURVEY, THE WAVE THEME CONCEPT, WHICH YOU SEE NOW INSTALLED WAS THE MOST PREFERRED BY ALL THE RESPONSES.

WE COMPLETED THE FIRST PHASE BY INSTALLING THE DOWNTOWN GATEWAY AND DISTRICT SIGNS.

THE SECOND PHASE WITH HORIZONTAL MONUMENT SIGNS IS IN PROGRESS BECAUSE THOSE SIGNS WILL BE ON FEDERAL HIGHWAY AND KANNER HIGHWAY.

SO IT DOES REQUIRE FDOT PERMITTING, WHICH TAKES A LITTLE LONGER, AND WE EXPECT TO GO OUT FOR BID FOR THE REMAINING MONUMENT SIGNS THIS SUMMER AND INSTALL THE SIGNS BY FALL OF THIS YEAR. THE DIXIE HIGHWAY STREETSCAPE IMPROVEMENT PROJECT IS FROM JOAN JEFFERSON TO COLORADO AVENUE.

WE WERE APPROVED FOR A TOP GRANT IN THE AMOUNT OF $436,000 FOR THE PROJECT.

WE HELD OUTREACH MEETINGS AND PRESENTED THE PLANS TO THE BOARDS FOR FEEDBACK LAST YEAR.

THE FINAL PLANS WENT. THE FINAL PLANS AND GRANT DELIVERABLES WILL BE COMPLETED IN 2025 AND 2026, AND CONSTRUCTION IS ANTICIPATED TO BEGIN IN 2027.

THE BOARD APPROVED THE WRAPPING OF THE UTILITY BOXES LAST YEAR.

THE TRAFFIC CONTROL BOXES ARE COUNTY OPERATED AND MAINTAINED, SO WE HAD TO AMEND THE MAINTENANCE AGREEMENT TO INCLUDE THE MAINTENANCE OF THE WRAPS, SO THAT PROCESS TOOK SOME TIME. THE WRAP INSTALLATION BEGAN THIS WEEK, SO MAKE SURE YOU'RE ON THE LOOKOUT.

THERE ARE 12 BOXES, AND THEN ALSO THE CRA APPLIED AND RECEIVED THE CDBG HOUSING REHAB GRANT TO REHAB HOMES AND PRESERVE THE AFFORDABLE HOUSING STOCK IN THE CITY. THERE ARE 11 PROPERTY OWNERS WHO RECEIVED THIS ASSISTANCE THROUGH THE PROGRAM WE COMPLETED FOR THE PROJECT SO FAR.

FIVE OF THE PROJECTS ARE EXPECTED TO BE COMPLETED THIS SUMMER OF THIS YEAR.

ONE PROJECT IS WAITING FOR ENVIRONMENTAL CLEARANCE AND ONE IS WAITING FOR DIRECTION FROM FLORIDA COMMERCE.

SINCE THERE WERE SOME CONCERNS WITH THE WORK TO BE COMPLETED BY A CONTRACTOR.

WE WILL BE WORKING WITH THE PROPERTY OWNERS, OWNER CITY CONSULTANT, FLORIDA COMMERCE TO RESOLVE THE ISSUES.

WE RECEIVED $6.2 MILLION IN CDBG COVID GRANT FOR ACQUISITION, DEMOLITION AND NEW CONSTRUCTION FOR A JOB TRAINING CENTER AT 710 SOUTHEAST MLK BOULEVARD AND EAST STEWART NEIGHBORHOOD. WE ACQUIRED THE PROPERTY FOR $1.6 MILLION IN JANUARY 2024.

WE HAVE COMPLETED THE DESIGN FOR THE NEW FACILITY, HAD PUBLIC MEETINGS, WENT THROUGH THE PERMITTING PROCESSES AND ADVERTISED FOR BID IN DECEMBER. WE RECEIVED A BID FOR 6.4 MILLION. WE HAVE INSUFFICIENT FUNDS TO AWARD THE CONTRACT, SO WE HAVE REQUESTED AN ADDITIONAL 4 MILLION FROM THE FOUR FROM FLORIDA COMMERCE TO COMPLETE THE PROJECT.

THE STATE IS REVIEWING OUR REQUEST, AND WE WILL HOPE TO GET ADDITIONAL FUNDING TO MAKE THIS PROJECT A REALITY.

WE CONTINUE TO PARTNER WITH STEWART MAIN STREET TO PROMOTE DOWNTOWN AND SUPPORT DOWNTOWN BUSINESSES.

STEWART MAIN STREET WAS RECENTLY AWARDED A GRANT FROM THE DIVISION OF HISTORICAL RESOURCES TO PREPARE A NOMINATION APPLICATION TO THE TO DESIGNATE DOWNTOWN AS A HISTORIC DISTRICT ON THE NATIONAL REGISTER OF HISTORIC PLACES.

THEY WENT THROUGH THE RFP PROCESS AND HIRED A CONSULTANT TO HELP PREPARE THE APPLICATION.

THEY EXPECT TO SUBMIT THE APPLICATION TO THE STATE FOR REVIEW THIS SUMMER AND THEN EXCUSE ME.

AND THE DESIGNATION WILL PROMOTE DOWNTOWN, INCREASE ELIGIBILITY FOR STATE AND FEDERAL GRANT PROGRAMS. AND MOST IMPORTANTLY, PROVIDE COMMUNITY PRIDE.

TIF REVENUE IN THE AMOUNT OF 5.3 MILLION WAS DEPOSITED IN THE CRA TRUST FUND.

I'M SORRY. NEW ORDER. OH. YEAH. WATER HAS WATER. MAN DOWN.

CAN YOU WOULD YOU LIKE TO. FOR FISCAL YEAR 2024, TIFF REVENUE WAS USED FOR

[00:25:02]

ACTIVITIES LIKE INCENTIVE PROGRAMS. I THINK YOU NEED YOU NEED TO TAKE.

IT SOUNDS BAD. YOU NEED TO TAKE YOU WANT A RECESS? JORDAN. TAKE FIVE. TAKE FIVE. HE NEEDS TO TAKE A FEW MOMENTS TO LET THAT SETTLE.

IT'S ONLY GOING TO GET WORSE. MAYBE SHE HAS. WHAT, COMMISSIONER REED? NO, DON'T SAY THAT.

I CAME FROM CHIEF. WELL, I DON'T THINK SHE NEEDS THE CHIEF.

YOU KNOW WHAT? TAKE IT OFF, CHAIR. TAKE IT OFF.

A PUBLIC COMMENT. CHAIR. CHAIR. WE DO HAVE A PUBLIC COMMENT.

SO IT IS ON THIS ITEM. BUT IF YOU'D LIKE TO WAIT UNTIL IT'S OVER, GO AHEAD AND HEAR FROM MR. SCHERER. SO PRETTY SPECIAL BEING THE PUBLIC. BUT YOU HAVE TO GO TO THE PODIUM.

SO I WAS JUST GOING TO SORT OF ECHO OR INTRODUCE YOURSELF AND YOUR ADDRESS, PLEASE.

I'M CLAY SCHERER. I REPRESENT THE PUBLIC TODAY.

200 SOUTHEAST, FOUR WINDS DRIVE. I WANTED TO ECHO THE COMMENTS OF OF MY PEERS ON THE REDEVELOPMENT BOARD.

AND SUPPORT THEM HERE IN THIS CRA MEETING. SO THE I THINK OUR STRATEGY WILL BE LOOKING AT PROJECTS OR CONSIDERING PROJECTS AFTER GETTING OBVIOUSLY COMMUNITY INPUT AS WE REACH OUT AND WE DO THAT.

BUT THE THE THING IS WE SHOULD PROCEED WITH THE NO BRAINERS.

THAT'S PRETTY SIMPLE. SO THE ONES THAT ARE LIKE STREETSCAPES IMPROVING PEDESTRIAN INTERACTION, THESE KINDS OF THINGS, I CALL THEM NO BRAINERS.

I MIGHT THROW UNDERGROUNDING IN THERE AS WELL. THOSE ARE MORE EXPENSIVE, OF COURSE, BUT EVERYBODY WOULD LIKE THE WIRES UNDERGROUND. SO AS WE CAN DO THAT, WE CAN.

THE REASON I BRING THAT UP IS YOU KNOW, SOME PROJECTS THAT ARE DISCUSSED ARE PROPOSED, ARE VERY BIG PICTURE, VERY BIG VISION TYPE PROJECTS. AND ALTHOUGH THERE MIGHT NOT BE TOTAL AGREEMENT WITH SOME OF THOSE, WE SHOULDN'T STOP DOING EVERYTHING UNTIL WE FIND UNTIL WE SOLVE EVERYTHING.

SO WE PROCEED WITH THE AS AGAIN, I CALL IT THE NO BRAINERS.

WHILE MAYBE WE WORK ON FINDING THE RIGHT VISION OR THE RIGHT AGREEMENT AMONG FOLKS FOR SOME OF THE MUCH BIGGER, LARGER PROJECTS. I SHARE THAT JUST TO TO AGAIN TO SUPPORT MY MY PEERS HERE TODAY FROM THE BOARD THAT THAT'S WHAT I THINK THAT'S THE DIRECTION OF THE CRB.

PROCEED WITH THE EASY THINGS WILL WILL HELP AND SUPPORT AND COOK ON THOSE THAT ARE MORE COMPLEX, MORE DIFFICULT TO TACKLE. THAT'S MY COMMENT. THANK YOU.

THANK YOU. THE MIC, MR. BURKE. MR. MARTEL, IN LIGHT OF THE RECENT DIFFICULTY WITH THE CDBG GRANT, HAVE WE MADE ANY CHANGES TO THAT OR WITHOUT MENTIONING ANY SPECIFIC NAMES? I, I ACTUALLY WAS ON A TELEPHONE CONFERENCE WITH THE FLORIDA COMMERCE RECENTLY.

AND THE ISSUE AS IT RELATES TO THE HOMEOWNERS.

THING HAS THE ONE OF THE MAIN COMPANY. FOR THEM IS DOING A SITE PLAN AND PUTTING TOGETHER A WHAT WOULD BE ACCEPTABLE, BUT IT WOULD REQUIRE BOTH THE CITY AND THE HOMEOWNER TO AGREE ON EVERY SINGLE TERM OF IT, WHICH MEANS IT'LL COME BEFORE THE BOARD FOR THE BOARD TO REVIEW AND APPROVE. AND THEN THE SPEAKING OF CDBG, THERE'S ALSO THE PROJECT LIFT PROPERTY, AND THERE'S ONE THAT WENT OUT TO BID. AND THERE WAS ALSO BID ISSUES WITH THAT.

BUT THE FLORIDA COMMERCE IS REVIEWING THE BID WE RECEIVED, AND THEY BROUGHT IT UP DURING THAT PHONE CALL AND SAID, BY THE WAY, JUST WANT TO LET YOU KNOW WE'RE STILL REVIEWING IT.

AND SO THE FUNDS THAT ARE IN THE CDBG GRANT CYCLE RIGHT NOW ARE ALLOCATED FUNDS.

SO THEY HAVEN'T BEEN PULLED BACK BY ANY FEDERAL GOVERNMENT, AND THEY'RE ALREADY ESSENTIALLY SPENT IN LAST YEAR'S BUDGET, SO THEY'RE ALREADY OUT THERE. WE'LL PROBABLY KNOW MORE OVER THE NEXT COUPLE OF WEEKS, AND HOPEFULLY I'LL BE ABLE TO PUT THE FIRST ISSUE THAT YOU RAISED ON AN APRIL, MAYBE THE LAST MEETING IN APRIL OR THE FIRST WEEKEND OF MAY TO ADDRESS IT.

SO JUST TO BE CLEAR, THIS COMMISSION WILL HAVE TO APPROVE PUTTING NEW DOORS IN SOMEBODY'S HOUSE IF IT GOES IF IF IT'S $1 OVER THE OH OKAY. THAT WAS ALLOCATED, THE ANSWER IS YES.

AND IT'S LIKELY GOING TO BE BASED UPON THE HOMEOWNERS REQUEST.

OKAY. THANK YOU. JORDAN, HAVE YOU RALLIED? LET'S TRY AGAIN.

OKAY. PULL MYSELF TOGETHER. OKAY, SO TIFF REVENUE IN THE AMOUNT OF 5.3 MILLION WAS DEPOSITED IN THE CRA TRUST FUND FOR FISCAL YEAR 2024.

TIFF REVENUE WAS USED FOR ACTIVITIES LIKE INCENTIVE PROGRAMS, TRAM OPERATIONS, RIVERSIDE PARK NEIGHBORHOOD IMPROVEMENTS,

[00:30:04]

OLEANDER PARK IMPROVEMENTS, GATEWAY SIGNS, WRAPS FOR TRAMS AND TRAFFIC CONTROL BOXES, AND OTHER DESIGN SERVICES.

AND THEN WE ARE REQUIRED TO INCLUDE THE FINANCIAL STATEMENT OF INCOME AND EXPENSES FOR FISCAL YEAR 2024.

THE FINANCIAL STATEMENT INCLUDED IN THE REPORT IS CURRENTLY UNAUDITED, SO IT DOES NOT REFLECT THE ACTUAL EXPENSES FOR FISCAL YEAR 2024.

THE AUDITED REPORT WILL BE PUBLISHED ON THE WEBSITE WITHIN 45 DAYS AFTER THE AUDIT IS COMPLETE, AND THE ANNUAL REPORT, AS MENTIONED, WAS PRESENTED TO CRB ON MARCH 4TH AND THE BOARD HAD NO OBJECTION.

SO AT THIS TIME, STAFF IS SEEKING APPROVAL TO SEND THE 2024 ANNUAL REPORT TO THE STATE AND TAXING AUTHORITIES.

JORDAN. THAT WAS 2.9 FROM THE COUNTY AND AD VALOREM.

2.96? YES. YES, THAT'S WHAT I SEE. 2.968.

OKAY. ARE THERE ANY QUESTIONS OF STAFF FROM THE BOARD MEMBERS? I JUST HAD A COUPLE QUESTIONS FOR JORDAN. ON THE TRIANGLE PROPERTY THAT YOU'RE TALKING ABOUT, DOES THE PROPERTIES THAT ARE EXCLUDED? DOES THAT INCLUDE THE CHURCH AND THE THOMAS BUILDING AND THE OLD TOWN GRILL? AND DOES IT DOES IT INCLUDE ARE THOSE INCLUDED IN THE HISTORIC OR NOT? NOT. SO THERE'S THE HISTORIC SURVEY THAT THEY ARE A PART OF THAT'S ALREADY BEEN ESTABLISHED.

BUT AS FAR AS BEING PART OF THE HISTORIC DESIGNATION THAT WAS IS BEING DONE IS IN THE PROCESS OF BEING DONE FOR THE HISTORIC DOWNTOWN PIECE, WE DID NOT INCLUDE THE TRIANGLE DISTRICT HISTORIC BUILDINGS.

OKAY, THAT'S KIND OF WEIRD, BUT BECAUSE THERE'S PROBABLY MORE HISTORIC PROPERTIES RIGHT IN THAT CONCENTRATED AREA THAN ANYWHERE ELSE.

AND I THOUGHT THAT THE CHURCH WAS ALREADY IN FOR HISTORIC.

THE CITY DOESN'T DESIGNATE PRIVATE PROPERTY AS HISTORIC, BECAUSE WE DON'T HAVE THE PROPERTY RIGHTS TO DESIGNATE THAT ON BEHALF OF PRIVATE PROPERTY. THE CITY COMMISSION LAST MEETING OR THE MEETING BEFORE MADE APPLICATION TO DESIGNATE THE HISTORIC DOWNTOWN AREA AS HISTORIC. THE TRIANGLE AREA WEST OCEAN BOULEVARD US ONE JOAN JEFFERSON ARE NOT PART OF THE GEOGRAPHIC AREA KNOWN AS HISTORIC DOWNTOWN STUART, AND THAT WAS ALWAYS ON THE EAST SIDE OF THE RAILROAD TRACKS.

SO THE DESIGNATION OF DOWNTOWN DISTRICT NOT INDIVIDUAL.

THERE'S NO INDIVIDUAL PROPERTY. THE POST OFFICE ARCADE IS NOT PART OF IT.

WOODMEN HALL IS NOT PART OF IT. THE PRAIRIE BUILDING IS NOT PART OF IT.

NONE OF THAT ARE IN IT. IT'S THE DISTRICT AS A HISTORIC DOWNTOWN.

THE TRIANGLE PORTION, WEST OCEAN BOULEVARD BAPTIST CHURCH WAS NOT PART OF THE HISTORIC DOWNTOWN, WHETHER IT WAS DESIGNATED IN THE CRA PLAN, WHETHER IT WAS DESIGNATED IN THE CITY CODE, WHETHER IT'S BEEN DESIGNATED IN THE COMP PLANS.

HOWEVER, IF YOU LOOK IN OUR CODE AND IT HAS THE ACTUAL GEOGRAPHIC.

BORDERS OF IT, ANOTHER WAY OF THINKING ABOUT IT IS WHEN YOU THINK OF THE PARKING EXEMPT DISTRICT THAT'S ALSO KNOWN AS THE HISTORIC DOWNTOWN AREA, AND IT'S VERY CLOSE TO THAT IN THE FUTURE.

IF THE BOARD WANTED, IT COULD EXPAND THE DOWNTOWN AND EXPAND CERTAIN CRITERIA AND THINGS THAT ARE THAT ARE IN THAT AND APPLY FOR A LARGER HISTORIC DESIGNATION. IT DOESN'T COME WITH IT.

ANY OF THE TAX CREDITS THAT YOU MAY BE THINKING OF.

IT'S JUST ALLOWS THE CITY TO APPLY FOR GRANTS IN THAT AREA.

SO YOU COULD DO IT. BUT LIKE THE PRIVATE PROPERTY OWNERS THAT HAVE A BUILDING THAT'S MORE THAN 50 YEARS OLD THAT MAY DESIGNATE IT AS HISTORIC, FOR EXAMPLE. PEOPLE WITH THE CDBG GRANT HAD APPLIED FOR ON THEIR OWN AN HISTORIC DESIGNATION, AND HAD THEIR PROPERTY DESIGNATED AS AN HISTORIC CHURCH THAT THEN CAME WITH RESTRICTIONS.

SO WHEN THEY APPLIED FOR THE CDBG GRANT FUNDS AND PICKED OUT THE WINDOWS, THE WINDOWS DIDN'T MEET THE RESTRICTIONS THAT THEY HAD.

AND SO THAT'S WHERE YOU GET INTO THE THINGS. YOU ALSO GET INTO COLORS AND ROOFS, STYLES, ALL THE STUFF.

AND DEPENDING ON WHAT THE HISTORIC DESIGNATIONS ARE. SO THE CITY HAS NEVER APPLIED ON BEHALF OF A PROPERTY OWNER TO GIVE THEM A HISTORIC DESIGNATION, THEY MUST BE THE APPLICANT BECAUSE THEY ARE THE OWNER.

YEAH, NO, I WASN'T TALKING ABOUT THAT BECAUSE I KNOW THAT'S VERY RESTRICTIVE AND, YOU KNOW, AND THAT KIND OF THING. I WAS JUST BECAUSE THERE ARE SOME HISTORIC PROPERTIES THERE, IT WOULD BE NICE TO TO GET SOME OF THOSE RECOGNIZED AS PART OF THAT.

BUT I GUESS IT CAN'T BE. SO THAT'S OKAY. WELL, IT COULD BE YOU HAD THE TWO OPTIONS EACH INDIVIDUAL PROPERTY OWNER COULD APPLY TO BE ON THE HISTORIC, YOU KNOW, HAVE THEIR OWN HISTORIC DESIGNATION.

OR THE CITY, AS MIKE HAD MENTIONED, CAN APPLY FOR THE TRIANGLE DISTRICT AND GO THROUGH THE SAME PROCESS AS WE DID FOR EAST STEWART AND ARE DOING FOR HISTORIC DOWNTOWN AND MAKE THE

[00:35:08]

TRIANGLE DISTRICT HISTORICAL AS WELL. OKAY. BOARD MEMBER JOB? YES. THANK YOU. QUESTION, I GUESS FOR MIKE A LITTLE OFF OF WHAT WE'RE TALKING ABOUT.

BUT IF SOME ENTITY, WHETHER IT'S THE WHOLE DISTRICT OF DOWNTOWN OR INDIVIDUAL BUILDINGS THAT ARE HISTORIC, HOW IS THAT AFFECTED BY ALL OF THE IMPLICATIONS WITH THE LIVE LOCAL ACT, WOULD THEY BE? SO THAT'S ONE OF THE REASONS THAT THE CITY DID APPLY FOR THAT DESIGNATION, THE LIVE LOCAL ACT.

I, I BELIEVE THERE ARE SOME EXEMPTIONS, BUT I KNOW THE A COUPLE YEARS AGO, THE STATE PREEMPTED THE MUNICIPALITIES FROM PROVIDING ANY ARCHITECTURAL DESIGN REQUIREMENTS, AND IT WAS EXEMPTED FROM CRAS AND HISTORICAL NEIGHBORHOODS. SO IF THE STATE COMES IN AND PREEMPTS SOMETHING, HAVING THAT HISTORICAL DESIGNATION GIVES US THE ABILITY TO CONTINUE TO ENFORCE THE ARCHITECTURAL DESIGN REQUIREMENTS AND THINGS LIKE THAT.

I DON'T KNOW IF DOWNTOWN IS CURRENTLY UNDER THE LOCAL, BUT I'LL LOOK AND I'LL CHECK WITH THE CITY ATTORNEY.

BUT IT WAS I REMEMBER AT ONE POINT IT DID HAVE CERTAIN PREEMPTIONS AND THAT WOULD BE INCLUDED.

OKAY. BECAUSE AS WE ALL KNOW, THE LEGISLATIVE SESSIONS, THAT'S NOW I MEAN, THEY CONTINUE TO TWEAK THE LIVE LOCAL ACT AND NOT IN OUR FAVOR.

SO THEY YEAH, THEY THE CURRENT PENDING LIVE LOCAL ACT MODIFICATIONS THAT THEY HAVE RIGHT NOW WOULD EXPAND THE LIVE LOCAL ACT TO ANY. LAND USES THAT COULD BE DESCRIBED AS MIXED USE.

LIKE, FOR EXAMPLE, OUR DOWNTOWN LAND USE IS CALLED DOWNTOWN.

IT'S NOT CALLED MIXED USE. SO THEY GO THROUGH THIS WHOLE LITANY TO SAY THAT THAT COUNTS AS MIXED USE.

SO IT WOULD COUNT. AND THEN THEY ALSO SAID THAT IT'S GOING TO BE EXPANDED TO PUDS.

AND THEN THEY ALSO SAID THAT THE DENSITY IS GOING TO APPLY TO THE HIGHEST DENSITY BACK TO JULY 1ST OF 2023.

BUT AGAIN, THAT HASN'T PASSED. IT'S IN COMMITTEE.

AND SO, YOU KNOW, WE'LL HAVE TO WAIT AND SEE WHAT I THINK THE WORD TWEAKING IS COMPLETELY INADEQUATE FOR THIS NEW BILL.

IT COMPLETELY STRIPS OUR ABILITY TO REGULATE.

AND THEY CAN BUILD ANYTHING, ANYWHERE, EVEN ON CHURCH PROPERTY.

BUT ADMINISTRATIVELY, THERE'S YOU'LL HAVE TO WAIT AND SEE WHAT ENDS UP BEING THE FINAL THING.

THERE'S A LOT OF BILLS BEING SUBMITTED IN TALLAHASSEE, RIGHT.

THAT ARE COMPETING WITH EACH OTHER FOR HEADLINES.

AND EVERYBODY WANTS TO, YOU KNOW, BRING IT UP A NOTCH.

BUT THEN WHEN IT GETS TO COMMITTEE, SOMETIMES IT DOES GET RAINED DOWN A LITTLE BIT.

MR. MAYOR, COMMISSIONER, GOP BOARD MEMBER, GOP.

I JUST WANT TO TAKE THIS OPPORTUNITY BECAUSE PEOPLE DO LOOK AT THIS MEETING, EVEN THOUGH THERE'S NOT MANY PEOPLE HERE. BUT I TAKE THIS OPPORTUNITY TO ASK EVERYONE WHO LIVES IN THE CITY TO PLEASE WRITE TO YOUR REPRESENTATIVES AND ASK THEM TO CERTAINLY NOT VOTE FOR THIS BILL BECAUSE IT IS DETRIMENTAL TO THE CITY. AND SO AND NEEDLESS TO SAY, BOARD MEMBER JAMES, DO YOU HAVE ANY QUESTIONS? NO. I SEE HIS LIGHT IS ON. OH. I'M SORRY. BOARD MEMBER CLARK.

OKAY. THANK YOU. I DIDN'T REREAD THE REPORT TODAY, BUT I JUST WANTED YOU TO GO OVER A PROJECT THAT WE'VE HAD BEFORE, FOR. AND THAT'S THE US ONE CORRIDOR AND DOING THE LANDSCAPING AND SO ON.

I KNOW LIKE OUTSIDE 215 SOUTH FEDERAL HIGHWAY.

WHEN IS THAT GOING TO HAPPEN? SO WE ARE IN THE PROCESS OF TALKING TO BUSINESS OWNERS ALONG THAT CORRIDOR, THE FEDERAL HIGHWAY TREE PLANTING PROGRAM. HUM.

SO WE ARE THAT'S IN THE WORKS BEHIND THE SCENES.

WE JUST HAVEN'T HAD ENOUGH PEOPLE. YEAH, FOR IT TO MAKE A PATCH HAPPEN YET.

OKAY. THAT'S IT. THAT'S THE UPDATE ON THAT PROGRAM.

THAT'S ALL I YEAH, THAT'S ALL I HAVE RIGHT NOW.

HOW MUCH HAS BEEN EXPENDED? NOTHING. NOTHING.

WE HAVEN'T AWARDED ANYTHING. STAFF TIME. I KNOW THAT SOME PEOPLE WERE WAITING ON IT.

AND THEN OF COURSE, THE HOTEL PROPERTY WOULD HAVE BEEN ON US ONE.

BUT THEN THERE'S A LOT OF RE CHANGE OF SOME PROPERTY HANDS ALONG US ONE.

SO EXACTLY. SOME BUSINESS CLOSURES ALONG THE WAY.

YEAH, I REALIZE THAT. YEAH. BOARD MEMBER BRECHBILL.

JUST A COUPLE OF THINGS. ONE. DOES IT MAKE SENSE? THIS IS MAYBE NOT A CRA ISSUE NECESSARILY, BUT SINCE IT CAME UP, DOES IT MAKE SENSE FOR CERTAIN PARTS OF THE CITY TO LOOK FOR A HISTORIC DESIGNATION THAT COULD THEN PROTECT THAT NEIGHBORHOOD, SIMILAR TO THE WAY THAT,

[00:40:03]

YOU KNOW, HOA RULES DO PROTECT THE RIGHTS OF WHAT CAN BE BUILT? IT'S POSSIBLE THAT WE COULD LOOK FOR A DESIGNATION, A HISTORIC DESIGNATION FOR, YOU KNOW, OUT ON EAST OCEAN AND OUT TOWARDS RIVERSIDE AND OUT THAT WAY, WHICH WOULD MAYBE PROTECT THE GUIDELINES THAT WE'RE PUTTING IN RIGHT NOW FOR, FOR DEVELOPMENT GROWTH IN THAT AREA OF THE CITY.

SO THAT WOULD COME MORE THROUGH AN ORDINANCE, RIGHT? THAT'S. YEAH. HISTORIC DESIGNATION DOESN'T REALLY DO THAT. WELL, YOU COULD DEFINE NEIGHBORHOODS AND YOU COULD DO THE DESIGNATION AND IT WOULD OBVIOUSLY IT WOULD HAVE TO BE A COMMISSION ACT, RIGHT? YEAH.

RIGHT. BUT IF BUT IF. YEAH, IT WOULD BE COMMISSION ACTION.

BUT THAT, THAT WOULD MAYBE PUSH A LITTLE BIT OF A SHOT INTO THE SIDE OF THE LIVE LOCAL SO THAT THEY COULDN'T, YOU KNOW, IF THEY EXEMPT OUT HISTORIC NEIGHBORHOODS AND, AND YOU KNOW, OTHER THINGS LIKE THAT.

MAYBE IF WE DESIGNATED A CERTAIN PORTION OF THAT, A HISTORIC NEIGHBORHOOD, WE COULD PROTECT THE ZONING THAT WE'RE TRYING TO DO DOWN THERE IS ALL THAT'S WHAT'S HAPPENED WITH WHEN WE TRIED TO PUSH FOR THE EAST STUART DESIGNATION TO GET THAT THERE, TO KEEP THE NEIGHBORHOOD A CERTAIN WAY SO THAT IT MATCHES.

SO THE OTHER TWO, I HAD TWO OTHER QUICK THINGS, ONES I WANTED TO MENTION THAT AS YOU NOTICED, WE'VE GOT THE WE'VE GOT THE BUILDING IN THERE FOR THE PROJECT LIFT.

BUT I WOULD REMIND EVERYBODY THAT, YOU KNOW, WE HAVE TO HAVE BLIGHT, RIGHT? THE DEFINITION OF A CRA IS THAT IT'S POLITE, BUT WE FORGET SOMETIMES THAT THAT'S ECONOMIC BLIGHT.

AND SO IF WE'RE LOOKING AT PUSHING DOLLARS, WE CAN POTENTIALLY PUSH DOLLARS INTO ECONOMIC DEVELOPMENT INCLUDING INCLUDING GOING OUT AND RECRUITING FOR THAT, YOU KNOW, DOING SOME OF THE THINGS THAT WE MIGHT WANT TO DO TO USE THAT MONEY AND TO GET THAT IN. BUT BUT ALSO, YOU KNOW, JUST FROM A, FROM A WE'VE TALKED ABOUT INCUBATORS.

WE USED TO HAVE AN INCUBATOR IN TOWN FOR, FOR BUSINESSES TO GET STARTED.

THERE'S NOTHING TO HELP BUSINESS OWNERS WHO ARE TRYING TO GET STARTED.

I DON'T CARE WHETHER YOU'RE TALKING TO STUART OR STEWART, THERE'S NO KIND OF INCUBATOR PROGRAM LEFT ANYMORE, REALLY THAT THAT IS GEARED TOWARDS THAT TYPE OF ACTIVITY.

AND SO, YOU KNOW, I, I'D LIKE TO SEE IF, IF WE COULD LOOK AT, AT DOING SOMETHING IN THAT REGARD, YOU KNOW, IN TERMS OF IN TERMS OF MAYBE STEERING MAYBE MORE OF OUR DOLLARS IN THE CRA TOWARDS ECONOMIC DEVELOPMENT, INCLUDING THINGS LIKE YOU KNOW, INCUBATOR SYSTEMS OR THINGS LIKE THAT THAT WE COULD POTENTIALLY SEE.

SO AND I THINK THAT WAS IT. SO FIRST OF ALL, THANK YOU PANEL FOR THE REPORT.

AND THAT'S NOT PRONOUNCED. SHE'S SHE'S I CAN PRETEND TO BE.

I HAD MY SPEECH ALREADY PREPARED. OKAY. OBVIOUSLY.

MEMORIZE IT. YOU'RE FINE. THANK YOU. JORDAN. SO, ANYWAY I'M GLAD YOU YOU YOU BROUGHT THAT UP. UP MARK. BECAUSE THAT THAT IS THAT IS. I TOTALLY FORGOT WHAT I WAS GOING TO SAY BECAUSE YOU GUYS MESSED ME UP.

MARK, WHAT WERE YOU TALKING ABOUT AGAIN? THE INCUBATOR.

OKAY. YES. INCUBATOR. SO, WHEN WE WERE WORKING ON THE THING WITH RSK THAT WAS ONE OF THE ISSUES TO TO GET THAT. TO GET THAT WORKING TOGETHER IN THAT AREA.

AND OF COURSE WE HAVE THAT WITH THE PROJECT LIFT, WHATEVER WORK THEY'RE DOING.

AND THE GRANT AND WAS LISTED AS ALSO INCORPORATED INCUBATOR SYSTEM.

AND PEOPLE ARE ASKING, BUT THAT NEEDS TO STILL BE FLESHED OUT AND WORKED ON WITH DOCTOR ZAKIR AND WHATEVER IS IMPLEMENTED.

BUT DEFINITELY THAT'S THAT'S ONE OF THE AREAS THAT WAS TALKED ABOUT WHEN WE WE, WE DID THAT GRANT AND IT'S LISTED.

SO IT'S SOMETHING THAT THAT NEEDS TO HAPPEN BECAUSE PEOPLE ARE ASKING ABOUT THAT AS A, A WAY TO GET NEW BUSINESSES. BUT WE IN ORDER TO GET NEW BUSINESSES, I THINK THAT COMMISSIONER COLLINS WAS IT COMMISSIONER? NO, MAYBE IT WASN'T COMMISSIONER COLLINS. IT WAS PROBABLY MISTER MISTER BLACKWELL WHO TALKED ABOUT THE THE VISION.

WE HAVE TO STAY WITH THAT VISION OF VIBRANCY AND TRYING TO ASSIST WITH IMPROVEMENTS, BECAUSE THEN I'M NOT SAYING THAT IT WILL BE BIG GROWTH, BUT IT WILL BE JUST MANAGE AND WILL MEET THE NEEDS OF THE PEOPLE WHO WANT TO TO TO DO AND GROW SOMETHING IN THE CITY BECAUSE YOU DON'T WANT TO HAVE TEN YEARS FROM NOW OR 20 YEARS FROM NOW, WHERE INSTEAD OF THE CITY MAINTAINING ITS VIBRANCY, YOU HAVE MORE STORES CLOSING AND MORE PEOPLE MOVING AWAY FROM

[00:45:03]

THE THE DOWNTOWN AREA. AND WE'RE NOT RELEVANT AS AN ECONOMIC FOCUS FOR THE COMMUNITY.

SO I THINK IT'S IMPORTANT TO KEEP PLANNING AND KEEP DOING THAT.

SO I THINK I KNOW THAT THE CRA HAS GUIDELINES AND SUNSET TIME FRAME, BUT WHATEVER WE HAVE WITH THE CRA NOW, IT'S GOOD THAT WE'VE BEEN TAKING ADVANTAGE OF THOSE THINGS AND MAKING THE THE IMPROVEMENTS THAT NEED TO HAPPEN.

AND I LOOK FORWARD TO HEARING FROM THE CRB IN THE FUTURE OF SOME THINGS THAT THEY WANT TO DO.

AND I DON'T KNOW IF WE NEED TO HAVE SOME TYPE OF A SUMMIT OR OPEN HOUSE, MAYBE JUST AN OPEN HOUSE TO LET PEOPLE KNOW WHAT THE CRA DOES AND AND HOW WE DO THINGS AND MAYBE ALLOW PEOPLE TO, YOU KNOW, HAND IN SOME COMMENTS OR SOMETHING.

JUST A SHORT OPEN HOUSE, AN HOUR AND A HALF. IT WOULD BE HELPFUL, I THINK, JUST TO GET THAT MESSAGE OUT.

BOARD MEMBER GOBY, FIRST, I'D LIKE TO THANK BOARD MEMBER BRECHBILL.

I LIKE EVERYTHING THAT YOU SAID. I MEAN, I THINK I REALLY DO.

I THINK IT'S GREAT TO LET'S LOOK AT A DIFFERENT VISION, HOW TO USE THE MONEY AND THEN FREE UP MONEY IN THE GENERAL FUND.

I LIKE THAT IDEA. A LOT OF SMALL PROJECTS TO IMPROVE AND I REALLY LIKE THE WHOLE IDEA OF HISTORIC, BUT I UNDERSTAND THAT WOULD BE A COMMISSION DRIVEN SITUATION, SO.

MR.. CITY MANAGER SORRY. WOULD WOULD THAT BE SOMETHING THAT WE COULD PUT ON THE AGENDA AS TO HOW DO WE ADDRESS THAT? WHERE DO WE START IN SETTING UP THE APPLICATIONS FOR THOSE HISTORIC AREAS WITHIN THE CITY THAT WE WOULD LIKE TO MAKE HISTORIC? MAYOR YOU CAN IT'S OBVIOUSLY WE DON'T WE DIDN'T BUDGE ANYTHING FOR THIS YEAR.

IT'S NOT CRA BUDGETED. I DON'T THINK IT'S THAT EXPENSIVE TO HAVE AN AGENDA ITEM AT THIS TIME.

BUT YEAH, JUST HAVE A DISCUSSION WITH THE SURVEYS AND DESIGN AND WHAT THE BASIS FOR THE HISTORIC IS PROBABLY MATTERS, BUT I'M HAPPY TO PUT IT ON A DISCUSSION ITEM.

OR COULD WE ASK THE CRB TO GIVE US SPECIFIC RECOMMENDATIONS AND, WELL, THEIR RECOMMENDATIONS WOULD BE LIMITED TO THOSE NEIGHBORHOODS IN THE CRA, OBVIOUSLY. SO WE'RE TALKING ABOUT OTHER NEIGHBORHOODS, WHAT YOU WHERE YOU WANT TO GO.

BUT YEAH. AND TO YOUR FIRST POINT ABOUT WHILE YOU'RE UP THERE TO YOUR FIRST POINT ABOUT OPPORTUNITY TO OFFSET GENERAL FUND COSTS, IS THERE SOME KIND OF AUDIT YOU COULD DO INTERNALLY WHERE YOU COULD SEE IF THERE'S OPPORTUNITY TO USE? YOU HAVE TO BE VERY CAREFUL, BECAUSE THE CRA LAWS STATE THAT YOU CAN'T USE CRA FUNDS TO PAY FOR ALREADY EXISTING EXPENSES, LIKE FOR EXAMPLE, IF WE WERE MAINTAINING MEMORIAL PARK.

ONCE THE CRA CAME ALONG, WE CAN'T JUST USE CRA DOLLARS TO PAY FOR EVERY SINGLE LAWN MOWER AND EVERYTHING IN MEMORIAL PARK, BECAUSE THAT WAS ALREADY AN EXPENSE THAT WAS BEING OPERATED BY THE GENERAL FUND.

THE COMMENT ABOUT THE GARBAGE TRUCK. IF YOU INVESTED IN GARBAGE TRUCKS, THEY CAN'T LEAVE THE CRA.

SO THOSE TRUCKS COULDN'T BE USED TO PICK UP GARBAGE ANYWHERE ELSE IN THE CITY, OR ELSE THEY WOULD VIOLATE THE CRA PLAN.

DO YOU THINK THERE'S ANY OPPORTUNITY THERE. WE WE DO IT ALL THE TIME.

LIKE, FOR EXAMPLE, THE PROJECT LIFT. PROJECT LIFT WILL BE COMING FORWARD AT SOME POINT TO BUILD THIS BUILDING.

AND THERE'S $40,000 IN FEES RELATED TO PROJECT LIFT.

BUT THE CRA IS GOING TO PAY THE DEVELOPMENT DEPARTMENT WHATEVER THOSE FEES COSTS ARE.

AND THOSE FEES DON'T GO INTO THE CRA. THEY GO INTO THE GENERAL FUND.

NOW, REALISTICALLY, THE CITY COMMISSION COULD HAVE JUST SAID, WE'RE GOING TO WAIVE THE FEES BECAUSE WE'RE THE CITY AND WE'RE NOT GOING TO DO IT. BUT BUT LEGALLY, THE CRA IS THIS IS A CRA PROJECT. IT'S A GRANT INVOLVED.

AND SO THE CRA CAN USE CRA FUNDS TO PAY THOSE EXPENSES THAT ARE DIRECTLY RELATED TO IT, TO THE CITY, AND IT EFFECTIVELY DOES TRANSFER THOSE COSTS.

AND WHEN WE GET INTO SOME OF THE POND MAINTENANCE THAT HAS GONE ABOVE AND BEYOND WHAT WE'VE DONE IN THE PAST, WE'VE USED UKRI FUNDS FOR IT. AND WHEN WE GET INTO ENHANCING SOME OF THE PARKS AND DOING SOME OF THE LANDSCAPING THROUGHOUT THE CRA AND DOING STUFF LIKE THAT, OBVIOUSLY WE ALWAYS TRY TO USE CRA FUNDS. BUT, YOU KNOW, I CAN TELL YOU THAT JOLIE WILL BE AT THE MEETING TONIGHT SO YOU CAN ASK HIM TOO.

BUT THERE'S NEVER A TIME THAT JOLIE DOESN'T THINK TO HIMSELF, CAN WE TRANSFER CRA FUNDS TO THE GENERAL FUND? AND PINNELL SEES US AND RUNS FROM US BECAUSE SHE'S ALWAYS AFRAID OF IT.

WELL, DO IT NOW WHILE SHE'S IN INDIA. THAT'S RIGHT. TAKE CARE OF WHAT YOU'VE GOT. YOU KNOW, IT'S FUNNY. A NUMBER OF YEARS AGO, WHEN THE FINANCES WERE TIGHT AND WE WERE CONCERNED ABOUT DOWNTOWN STUART IN TERMS OF IN TERMS OF SECURITY AND THINGS LIKE THAT, WE ACTUALLY ADDED POLICE TO THE DOWNTOWN. NOW, THEY WERE TECHNICALLY FOR THE DOWNTOWN, BUT IF THERE'S A

[00:50:09]

CALL, YOU KNOW, THEY'RE NOT THEY DON'T HAVE TO STOP AT THE CRA BORDER.

RIGHT? SO IT ACTUALLY HELPED US COVER SOME SITUATION WHEN WE WERE KIND OF TIGHT BACK IN THE DAY.

AND YOU HAVE TO BE, YOU KNOW, YOU HAVE TO BE CAREFUL ABOUT IT.

YOU CAN'T. BUT BUT LIKE I SAY, THERE'S OPPORTUNITIES TO SHIFT LEGITIMATELY.

AND EVEN I WOULD I WOULD DISAGREE WITH MIKE FROM THE STANDPOINT OF YES, IF WE BOUGHT GARBAGE TRUCKS THAT GOT TO BE USED IN THE AREA, BUT IF WE'VE GOT ONE LEFT OVER THAT WE DON'T NEED ANYMORE, WE DON'T HAVE TO JUST SIT IT THERE.

WE COULD JUST TRANSFER IT OUT, SAY, OKAY, WE DON'T NEED THIS ANYMORE.

WE'VE GOT OUR TWO HERE ALREADY AND THESE TWO THAT WE WERE USING BEFORE, WE DON'T NEED ANYMORE.

YEAH. I'M NOT SURE WE SHOULD REALLY BE HAVING THIS DISCUSSION.

I JUST THINK IT'S GOOD TO HAVE IN THE PUBLIC. I MEAN, WE'RE HAVING THE ONLY OPPORTUNITY WE GET TO DISCUSS IT.

OUR OUR COMPLIANCE WITH THE RESTRICTIONS OF THE CRA IS OF UTMOST IMPORTANCE.

AND I'M CONFIDENT THAT THE STAFF. MIKE, DO YOU MIND? DO YOU MIND MENTIONING WHAT WOULD HAPPEN IF WE VIOLATED THAT? WELL, SO I DON'T KNOW IF ACKNOWLEDGING THAT. FIRST OF ALL, IF YOU VIOLATED IT AND GOT AUDITED, YOU'D OBVIOUSLY HAVE YOU LOSE ALL YOUR YOU GO FROM A TRIPLE A BOND RATING TO PROBABLY A C OR A D, BUT ON TOP OF THAT, YOU'D LOSE THE ABILITY TO COLLECT TIFF.

IT WOULD COME TO A SCREECHING HALT, AND THE $5.3 MILLION OR WHATEVER IT IS WOULD GO TO ZERO.

PLUS, YOU'D HAVE TO PAY BACK THE MONEY. I AND IT'S THE STATE, CORRECT.

WELL, IT'S THE WELL, IT'S IT'S THE TAX COLLECTOR.

THE STATE REGULATES IT. WE HAVE TO FILE AN ANNUAL REPORT WITH THE CRA.

AND IT ALSO GETS ANNUALLY AUDITED AS PART OF OUR AUDIT.

AND YOU KNOW, I DON'T BLAME THE COUNTY FOR THIS, BUT MOST COUNTIES DON'T WANT CITIES TO HAVE CRAS, RIGHT? SO IF WE WERE PLAYING FAST AND LOOSE, THERE'D PROBABLY BE SOMEBODY PAYING ATTENTION TO THAT TO MAKE SURE THAT WE COULD TERMINATE THAT CRA SO THAT THEY COULD GET THAT MONEY RATHER THAN US, AND THEY'D RATHER HAVE THAT $3 MILLION.

RIGHT. AGREED. AND I YOU KNOW, I WOULD DO THE SAME.

I'M NOT BLAMING THEM BECAUSE I GET IT. I WOULD FEEL THE SAME WAY. BUT IT'S AND AGAIN, YOU KNOW, THERE'S THE CRA PLAN THAT WE'VE ADOPTED, SETS FORTH THE PARAMETERS OF WHAT THE CRA CAN DO.

BUT IN ADDITION TO THAT, THE I THINK IT'S FLORIDA STATUTE.

163 .3164 IS WHAT DESCRIBES THE CRA PLANS FOR COMMUNITY REDEVELOPMENT ACT AND PROVIDES THE PARAMETERS OF WHAT IT IS.

AND AS I POINTED OUT, IT'S THE THE BLIGHTED IT HAS TO BE DECLARED BLIGHTED.

AND YOU'RE LIKE, YOU KNOW, OBVIOUSLY THE INTENTION.

OKAY, WE STILL HAVE MORE TO GET THROUGH. COMMISSIONER CLARK, DO YOU HAVE ANY QUESTIONS? COMMISSIONER CLARK.

OKAY. WITH REGARD TO THIS BOARD MEMBER, CLARK, THIS TRYING TO IMPROVE BUSINESS IDEAS LIKE COMMISSIONER, I MEAN, BOARD MEMBER BURKE WAS SAYING. I JUST WANTED TO ASK STAFF, BOTH MR. MARTEL, THE CITY MANAGER, AS WELL AS THE CRA STAFF, WHAT IS IS THERE ANY MAJOR IMPACT TO THE FACT THAT WE WON'T HAVE THAT DIRECT COORDINATION WITH THE BUSINESS DEVELOPMENT BOARD BECAUSE THEY DIDN'T GET A GRANT FROM US.

AND IS THAT GOING TO IMPACT ANYTHING THAT WE COULD HAVE DONE IN TERMS OF TRYING TO HELP WITH VIBRANCY OF BUSINESS OR ANYTHING? I WOULD PROBABLY DEFER TO COMMISSIONER JOB. OKAY.

YES, I'VE BEEN ASSURED. AND THEY DID IT PUBLICLY, BOTH HERE AND AT THE MEETING AT THE BUSINESS DEVELOPMENT BOARD THAT THEY WILL CONTINUE TO CERTAINLY FOCUS ON. YEAH, ASSIST US TO FOCUS ON THE CITY.

THEY'RE THEY'RE PART OF THE CAMP. WE'RE PART OF THE COUNTY, AND THEY DO FOR THE WHOLE COUNTY.

SO I THINK THAT WE NEED TO BE DILIGENT IN MOVING FORWARD, TO ASK THEM AND PUT THOSE THINGS ON THE AGENDA FOR THEM.

AND I WILL CERTAINLY BE THERE TO BE ABLE TO GUIDE THEM, TO MAKE SURE THAT THEY DO.

BUT I THINK THAT THERE'S OPPORTUNITIES, AND IT WAS ONE OF THE THINGS I DID ASK THEM TO PLEASE ENSURE FOR THE FACT THAT FOR I KNOW THEY'RE FOCUSED ON LARGE, BRING IN LARGE BUSINESSES AND BUT TO FOCUS ON THE SMALL BUSINESS AND ALSO TO HELP NEW BUSINESSES, WHICH WOULD BE SIMILAR TO YOUR INCUBATOR, TO TO SET UP A SYSTEM WHERE THEY COULD HELP NEW BUSINESSES TO OPEN AND HELP THEM AND GUIDE THEM.

SO I THINK THAT THAT WOULD BE IMPORTANT. BUT NO, IT'S MY UNDERSTANDING THAT REALLY I MEAN, WE'RE PART OF THE COUNTY. THE COUNTY DONATES MONEY TO THEM AND ALL WILL CONTINUE AS IT HAS.

IT COULD PROBABLY REACH OUT TO TROY AND SEE HOW HE FEELS.

HE'S WORKING WITH THE BDB NOW. DO YOU HAVE ANY ADDITIONAL QUESTIONS? BOARD MEMBER. COUNCIL. SO YOU DON'T NEED A MOTION? NO, NO, I HAVE SOME QUESTIONS. OKAY. THE HEIRS PROPERTY ASSISTANCE PROGRAM ARE WE.

DO YOU HAVE AN ADDITIONAL COMMENT? BOARD MEMBER JOB.

IT'S NOT THAT IMPORTANT. OKAY. OR DO WE FEEL WE'RE BEING SUCCESSFUL? OR ARE WE DOING SUFFICIENT OUTREACH? DID WE HOPE WE WOULD GET MORE THAN ONE OR.

WELL, IT'S BABY STEPS WITH THIS PROGRAM. BUT YES, I DO FEEL LIKE WE'VE HAD SUFFICIENT OUTREACH THUS FAR.

[00:55:07]

AND OF COURSE IT'S ONGOING. WE DID HAVE THE ONE THE ATTORNEY HAS REVIEWED IT AND SHE ACTUALLY GOT BACK TO US.

SO THEY'RE IN THAT PROCESS. I THINK THAT THERE'S ONLY THERE'S 33 TOTAL AND THE MAJORITY OF THEM IN EAST STEWART.

SO WE CAN 33 WHO COULD BENEFIT FROM THE PROGRAM.

YOU'VE SENT THEM LETTERS SO IT'S EASY TO OUTREACH 33 PEOPLE.

YEAH, WE SENT THEM LETTERS. WE'VE DONE MAILERS.

WE'VE DONE WORD OF MOUTH. SO WE JUST GOT TO, YOU KNOW, KEEP SQUEAKY WHEEL GETS THE GREASE.

SO, BOARD MEMBER JAMES, ARE YOU FAMILIAR WITH THIS PROGRAM? YES, I AM. OKAY. I'VE RECEIVED INFORMATION ON A 31.

I THINK IT WAS 30 THAT WERE NOT CLEAR, AND WE'VE BEEN REACHING OUT TO THEM.

OH, GOOD. WE'RE DEVELOPING THAT. I DID HAVE A COMMENT, THOUGH, BEFORE WE.

NO. GO AHEAD. SO IN THE CRA BOUNDARIES ARE THERE REGULATIONS THAT WOULD PREVENT THE CRA? WE YOU TALKING ABOUT BLIGHTED AREAS FROM HELPING THE HOMEOWNER OR PROPERTY OWNERS DEVELOP THEIR PROPERTIES? LET'S SAY IF IF I OWNED THE PROPERTY I WANTED TO BUILD, BUT IT COST ME $500,000 TO BUILD THIS PROPERTY.

SO THE PERSON THAT THAT GETS THIS PROPERTY THAT I BUILT WOULD HAVE TO PAY A MORTGAGE OF $2,500 AT LEAST, BUT IT IS WITHIN THE CRA. FUNDS. ARE THE FUNDS AVAILABLE THAT WOULD AID THOSE PERSONS IN DEVELOPING THEIR PROPERTIES. SO WE DON'T CURRENTLY HAVE ANY PROGRAMS FOR NEW DEVELOPMENT.

OR I DON'T KNOW IF MIKE WANTS TO SPEAK ON THIS, BUT LAST, LAST BUDGET CYCLE AND LAST YEAR, THE CRB AND CRA BOARDS DISCUSSED THE IDEA OF PROVIDING LOANS AND OR GRANTS TO PROPERTY OWNERS AS IT RELATED TO THIS EXACT THING THAT YOU'RE DISCUSSING.

IT WAS DECIDED THAT, FIRST OF ALL, THE CITY COULDN'T POSSIBLY MANAGE LOANS BECAUSE WE'D HAVE TO HIRE PEOPLE TO MANAGE THEM.

BUT MORE IMPORTANTLY THAN THAT, THE CITY DOESN'T WANT TO BE FORECLOSING ON ITS RESIDENTS, AND IT REALLY WOULD CREATE A HORRIBLE SITUATION.

IF YOU LOAN SOMEBODY THE MONEY AND THEY DIDN'T PAY AND YOU HAD TO FORECLOSE ON THEM, ESPECIALLY IF YOU LOANED SOMEBODY A SECOND MORTGAGE AND THEY HAD A FIRST MORTGAGE OF $300,000, AND WE LOANED THEM $25,000, BUT WE HAD TO PAY THE 300 OFF TO GET THE 25.

AND THAT'S HOW A LOT OF BANKS FAILED IN 2009, TEN, 11, 12, BECAUSE THEY HAD LOANED MORE MONEY THAN THE VALUE OF THE ASSETS, AND THE CITY WOULD BE IN A DIFFICULT SITUATION TO DO THOSE VALUATIONS.

BUT THE CRA COULD, IN FACT, SAY, WE'RE GOING TO DEDICATE $500,000 A YEAR TO GIVE AWAY OR TO SEED MONEY TO PROVIDE FOR PEOPLE FOR AND AND BUT GOING THROUGH THE CRB AND THE CRA, EVEN THE BURP PROGRAM, WHICH WAS MENTIONED BY JORDAN EARLIER, THERE WAS ALWAYS BEEN DISCUSSIONS OF. IS IT A REQUIREMENT THAT THE PERSON MATCH THE FUNDING OR ARE WE GIVING THEM THE FUNDING? AND IT'S BEEN A HISTORICALLY THE CITY HAS WANTED THE THE PROPERTY OWNER TO HAVE SOME SKIN IN THE GAME AND TO REQUIRE THEM TO GET LIKE PAY THE FUNDING UP FRONT AND THEN WE PAY THEM BACK LATER.

SO IN THE BURP PROGRAM YOU CAN GET UP TO $10,000.

BUT TO GET THE 10,000, AS THE HOMEOWNER, YOU HAVE TO SPEND 20, BECAUSE YOU HAVE TO SPEND THE 20 UP FRONT.

AND THEN THE CITY REIMBURSES YOU FOR 50%, WHICH IS TEN ON THE BACKSIDE.

IF THE IF THE CRA CHANGED THE PROGRAM, IT COULD BE UNDER THE BURP PROGRAM.

AND I HEARD LAST THURSDAY NIGHT THE DISCUSSIONS WHERE SOMEBODY SAID, WELL, WHAT WE SHOULD DO IS BUILD A HOUSE FOR $500,000, AND THEN THE CITY PAYS OFF 400,000 OF IT, AND THEN THE PERSON HAS THE $100,000 MORTGAGE.

THAT SOUNDS GREAT. LET'S START WITH MY HOUSE.

BUT THE PROBLEM WITH IT IS, IS THAT THE THE HOW DO YOU DECIDE WHO'S FIRST AND WHO QUALIFIES, AND WHAT MAKES ONE PERSON QUALIFY OVER ANOTHER FOR A FOR A PROGRAM LIKE THAT.

AND I THINK THAT'S WHEN YOU START GETTING INTO THE DETAILS OF THAT. IT GETS REALLY COMPLICATED. BUT THAT'S NOT TO SAY THAT THE CRA COULDN'T INVEST IN A COMMUNITY OR IN INVEST IN THAT WAY, OR ADJUST THE PROGRAMS MATCHING AND THINGS LIKE THAT.

THAT'S SIMPLY A POLICY DECISION YOU'D NEED TO MAKE UP AND DECIDE.

THANK YOU. AND AND WHAT I WAS SUGGESTING, MIKE, WAS NOT THAT THE CITY WOULD MAKE LOANS, BUT THAT WE WOULD ACT MORE LIKE THE SBA.

WE WOULD GUARANTEE NOT MAKE. SO THE BANKS WOULD BE RESPONSIBLE FOR DETERMINING WHO'S SAME THING.

WELL, IT'S NOT BECAUSE NOW YOU'RE PUTTING THE UNDERWRITING, THE RESPONSIBILITY OF THE BANK,

[01:00:02]

WHICH IS WHAT HAPPENS WITH AN SBA LOAN. IT'S SORT OF HOW WE FIND OURSELVES WITH THE CDBG GRANT.

NO. IF WE GUARANTEED THE LOANS. RIGHT. RIGHT.

WE I MEAN, HONESTLY, YOU COULD DO IT AGAIN. YOU COULD.

I JUST I JUST KNOW THAT THE CITY DOES NOT WANT TO FORECLOSE ON ANY RESIDENT.

I MEAN, THERE'S NO SCENARIO THAT WE WANT TO TAKE SOMEONE'S LAND FROM THEM, BUT THE BANK WOULDN'T EVER.

BUT THEY KNOW THAT. THEY KNOW THAT THE RESIDENT THAT LOSES THEIR HOUSE IS GOING TO BE BLAMING THE CITY AND SAY, WE TOOK IT FROM THEM. AND THAT'S THE THAT'S THE IF YOU COULD GET THAT PERCEPTION OUT OF IT, IT MIGHT BE BETTER, BUT THAT THAT IS A BIG DEAL. YEAH.

AND I'LL GET OFF OF IT REAL QUICK. BUT BUT LET ME JUST SAY I'M JUST IS BOARD MEMBER JAMES, ARE YOU DONE WITH YOUR. I DID HAVE ONE OTHER COMMENT.

OKAY. SO I WAS TRYING TO UNDERSTAND HOW THE LIFT PROJECT WAS FUNDED.

SO FROM WHAT I UNDERSTAND THAT CAME THROUGH THE CRA CRA CRA APPLIED FOR A CDBG GRANT.

OKAY. IT RECEIVED GRANT FUNDING TO BUY THE LAND, AND IT ALSO RECEIVED GRANT FUNDING TO BUILD CERTAIN SPEC OF A BUILDING. I UNDERSTAND WE THEN WENT OUT TO BID ON THE BUILDING, AND IT CAME IN AT A HIGHER NUMBER THAN THERE WAS GRANT FUNDING.

SO AS A RESULT, WE'VE REAPPLIED TO THE CDBG AND SAID, HEY, HERE'S THE PROBLEM WE HAVE.

HERE'S THE DIFFERENCE. CAN YOU GIVE US ADDITIONAL FUNDING? IF THEY SAY NO, IT WILL COME BACK TO THE CRA.

AND RIGHT NOW THE BUILDING IS 12,000FT². IF WE CAN STILL AND AGAIN, IT DEPENDS ON HOW MUCH COSTS HAVE TO BE CUT.

BUT LET'S SAY IT WAS 50% UNDER. WELL, IF WE COULD DROP IT TO A 6000 SQUARE FOOT BUILDING, WE COULD STILL BUILD THE BUILDING.

BUT COULD YOU DO PROJECT LIFT IN A 6000 FOOT BUILDING? AND IT MIGHT BE THAT YOU SIMPLY CAN'T DO THE PROGRAM BECAUSE OF THE SIZE OF THE BUILDING, AND IF THAT'S THE CASE, IT'D BE OVER. SO IT'LL BE, YOU KNOW, WE'LL HAVE TO REEVALUATE THAT ONCE FLORIDA COMMERCE HAS RESPONDED TO US.

MY LAST QUESTION IS IF THERE ARE ENVIRONMENTAL ISSUES, DOES THE CITY OF STUART FOOT THAT BILL ALSO? AND AGAIN, THERE'S A DISTINCTION, BUT IT'S THE CRA AND NOT THE CITY OF STUART.

THANK YOU. BUT BEFORE WE ACQUIRED THE PROPERTY, WE DID PHASE ONE AND PHASE TWO TESTING TO MAKE SURE THAT IT WOULD HAVE AN ENVIRONMENTAL CLEARANCE, JUST AS YOU WOULD AS YOU WERE BUYING ANY PROPERTY BEFORE YOU GOT TITLE INSURANCE.

SO IN THEORY, IF THE CITY OWNS PROPERTY THAT HAS POLLUTION ON IT, THE CITY IS LIABLE FOR THE CLEANUP OF THAT PROPERTY.

SO IF IT WENT TO SELL THE PROPERTY AND IT DIDN'T PASS THE PHASE TWO TEST, IT WOULD NOT BE ABLE TO SELL THE PROPERTY AND ULTIMATELY WOULD BE RESPONSIBLE FOR CLEANING IT UP. SO IN ACQUIRING PROPERTY, WE TRY NOT TO DO THAT AS WELL.

AND IN FACT, WHEN THE CITY ACQUIRED THE TRIANGLE PIECE, IT TOOK THE BANK ABOUT FIVE MONTHS TO GET A NO FURTHER ACTION LETTER ON A SMALL TRIANGULAR PIECE ON THE VERY EDGE OF THAT PROPERTY THAT HAD COME UP IN THE PHASE TWO TESTING FOR US AS AS POTENTIALLY AN ISSUE.

BUT IT WAS CLARIFIED AND WE WERE ABLE TO DO IT.

AND JUST MY LAST COMMENT. SO THE CITY WHO WENT AFTER THE GRANTS FUNDING, THE CRA, THE CRA, THE APPLICANT, COULD THEY NOT ALSO GO AFTER GRANT FUNDING FOR PROPERTY OWNERS WHO WANTED TO REDEVELOP THEIR PROPERTIES? SO YES, EXCEPT FOR THERE IS NO GRANT THAT JUST GIVES YOU 500 GRAND LIKE WE DID THE CDBG GRANTS WHERE PEOPLE OVER A CERTAIN AGE, I THINK IT WAS 55 YEARS OLD THAT MET A CERTAIN INCOME THRESHOLD THAT OWNED THEIR PROPERTY, COULD QUALIFY FOR UP TO $80,000 IN IMPROVEMENTS TO THEIR HOME OR OR I DON'T KNOW IF IT WAS HURRICANE OR IT WAS A IT HAD TO BE IN REINFORCING OR CLEANING UP THE HOUSE AND SO THEY COULD GIVE NEW ROOFS, NEW WINDOWS, INSULATION, AIR CONDITIONING, THINGS LIKE THAT.

THAT ALSO MADE IT MORE, MORE EFFICIENT. AND I THINK WE DID 11 OR IT WAS 11, WE HAD 11 APPLICANTS THAT QUALIFIED, AND WE DID THE PROGRAMS THAT JUST THIS YEAR OR LAST YEAR FOR THOSE.

THANK YOU VERY MUCH. BOARD MEMBER BRECHBILL DO YOU HAVE ADDITIONAL COMMENTS? YEAH, I JUST WANTED TO PUT INTO PERSPECTIVE A LITTLE BIT WHAT I WAS TALKING ABOUT, BECAUSE THIS CAME UP AT THE CRB MEETING A WHILE BACK, AND I'M NOT PROPOSING THAT THE CITY GET IN THE BUSINESS OF LOANING MONEY.

THAT'S NOT NOT PER SE, BUT WHAT I WAS GETTING AT IS WE'VE DONE SOME REDEVELOPMENT, WE'VE DONE SOME REZONING WHERE WE'RE ENCOURAGING A CERTAIN THING LIKE, SAY, SINGLE FAMILY, SINGLE FAMILY HOUSING. OKAY, LET'S JUST TAKE THAT AS AN EXAMPLE.

WELL, IF WE WANT TO HAVE SINGLE FAMILY HOUSING IN FRAZIER CREEK OVER THERE, RIGHT.

YOU CAN'T GET FINANCING FOR THOSE PROPERTIES THE WAY THE WAY THAT IT WORKS OUT, BECAUSE THE DESIGNATION OVER THERE IS RESIDENTIAL TRANSITIONAL, RIGHT? YOU CAN'T GET A STANDARD MORTGAGE. THE ONLY WAY YOU COULD DO IT IS TREAT IT AS A BUSINESS PROPERTY AND GO SBA IF YOU CAN EVEN MEET

[01:05:05]

THEIR REQUIREMENTS OR YOU DON'T GET IT FUNDED.

AND SO WHAT I WAS TALKING ABOUT IS THAT IF WE ARE GOING TO ENCOURAGE CERTAIN TYPES OF DEVELOPMENT, WE NEED TO LOOK AT HOW THOSE PEOPLE WILL BE ABLE TO DEVELOP THAT PROPERTY AND, AND MAKE SURE THAT THERE'S AN AVENUE FOR THEM TO BE ABLE TO DO THAT, BECAUSE IN IN FRAZIER CREEK EDITION, RIGHT NOW, FOR EXAMPLE, IF YOU GO IN THERE AND YOU WANT TO BUY A PIECE OF PROPERTY AND YOU WANT TO LIVE IN IT AS YOUR HOME, YOU'RE GOING TO HAVE TO GO IN THERE AND CONVINCE PEOPLE IT'S A BUSINESS. IT'S OBVIOUSLY SO THAT'S WHAT I WAS GETTING AT, AND THAT'S WHY I WAS TALKING ABOUT THE FUNDING. WE WOULDN'T MAKE THE LOANS. WE'D GUARANTEE POTENTIALLY TO HELP IN A SITUATION WHERE THEY CAN'T GET WHERE THAT PARTICULAR TYPE OF PROPERTY CAN'T GET FINANCING BECAUSE OF THE, THE ZONING THAT'S THERE OR THAT THE THE WAY THAT THE BANKS ARE LOOKING AT THE ZONING THAT'S THERE AND THAT'S THE PROBLEM THEY LOOK AT AS HIGH AS BEST USE AS COMMERCIAL. SO WE'RE NOT GOING TO DO RESIDENTIAL LOAN. AND AND IT'S AN ISSUE.

SO THAT'S WHY I BRING THAT UP. WOULD WE SECURE THE GUARANTEE.

HOW WOULD WE SECURE THE GUARANTEE IF WE LOANED IF SOMEBODY WANTED TO BUILD A $500,000 HOUSE IN AN AREA THAT THEY COULDN'T GET A LOAN BECAUSE IT WAS ZONED WRONG, AND THEY CAME TO US AND WE SAID TO SUNTRUST BANK, WE'LL GUARANTEE IT.

SO SUNTRUST GAVE THEM THE 500 AND THEN THEY WENT TO VEGAS.

WELL, SO THAT'S NOT WHAT HAPPENED. SO WHAT WHAT WE WOULD DO, MIKE, IS WE WOULD HIRE WE WOULD HIRE SOMEONE TO REVIEW THE APPLICATIONS, SEE THAT THEY MEET THE REQUIREMENTS, MAKE SURE THEY MEET THE UNDERWRITING REQUIREMENTS.

THAT'S WHAT THE SBA DOES RIGHT NOW. THEY HAVE THESE LITTLE SEEDS.

THEY'RE THEY'RE INDIVIDUAL DEVELOPMENT DEPARTMENTS AROUND THE STATE THAT OVERSEE THE SBA ITSELF ON THE LENDING PROCESS.

THE BANK ACTUALLY MAKES THE LOAN FOR THE BANK.

TO MAKE THE LOAN, THEY HAVE TO FOLLOW THEIR OWN UNDERWRITING GUIDELINES.

SO THEY CAN'T THEY CAN'T MAKE A LOAN. IF THEY WOULDN'T HAVE APPROVED THE LOAN THEMSELVES, THEY CAN'T APPROVE A LOAN JUST BECAUSE IT'S GOT A GUARANTEE FROM THE CITY.

THE CITY, LIKE WITH THE SBA, WOULD GUARANTEE THE FIRST YOU KNOW, WOULD GUARANTEE THE THE SECOND 90%.

THE BANK WOULD HAVE TO GUARANTEE THE FIRST 10%, AND THEN THE CITY WOULD BE WITH THE LAST 90%.

AND AT THAT POINT, IF YOU HAVE TO, YOU HAVE TO FORECLOSE ON THE PROPERTY, BUT IT'S THE BANK THAT'S FORECLOSING ON THE PROPERTY BECAUSE THEY'RE NOT GETTING PAID.

THEY'RE THE ONES THAT ARE GETTING THE REVENUE FROM THE TRANSACTION, NOT THE CITY. WE'RE JUST A GUARANTOR.

I'M JUST TRYING TO MOVE THIS ALONG HERE. THE PROPERTY HAD GONE DOWN IN VALUE. YOU COULD LOSE MONEY.

YEAH. YOU COULD. BOARD MEMBER COLLINS. SO THE CITY CAN'T USE TAX DOLLARS IN ANY KIND OF RISKY INVESTMENT, RIGHT? AND IT CAN'T BE USED TO TAX DOLLARS FOR INVESTMENTS.

IT'S GOT TO USE THEM. SO YOU'RE AGAIN YOU'RE GOING TO BE FLIRTING WITH CRA AND YOU'RE SAYING YOU'RE GOING TO NOT HAVE IT BE AN INVESTMENT, BUT YOU'RE DOING AN IMPROVEMENT AND YOU'RE PLAYING SOME SEMANTICS WITH THE THINGS.

BUT IF WE WERE ACTUALLY CHARGING AN INTEREST RATE, THE CRA REQUIRES IT TO BE 12%, SO IT PROBABLY WOULDN'T BE DOING IT.

BUT THE THE ISSUE OF THE THE RISK THAT GOVERNMENTS ARE SUPPOSED TO BE RISK AVERSE, THEY'RE NOT SUPPOSED TO GO INTO RISKY INVESTMENTS OR OR ANYTHING CLOSE TO THAT.

AND IF YOU STARTED PLACING TAX DOLLARS IN JEOPARDY, YOU PROBABLY COULDN'T JUST LOSE MONEY ON THE FORECLOSURE.

YOU WOULD HAVE TO ON THE FRONT SIDE OF IT, GIVE THAT AWAY.

I WOULD ASSUME UNLESS YOU CREATED SOME KIND OF SHIP PROGRAM OR SOME HOUSING PROGRAM THAT YOU HAD THIS.

YOU HAVE TO LIVE THERE 20 YEARS. YOU'RE GOING TO WORK IT OFF AND DO ALL THE ALL THE CRITERIA WITH IT.

AND AGAIN, THAT'S SOMETHING FOR THE CRB TO CONTINUE TALKING ABOUT AND I UNDERSTAND THE LOGIC BEHIND IT.

THE OTHER SIDE TO IT IS, IS THAT OUR CRA, WHILE $5 MILLION SEEMS LIKE AN ENORMOUS AMOUNT OF MONEY TO US AS WE SIT HERE, IF YOU START SPREADING THAT OUT OVER $500,000 HOUSES, YOU GET TO TEN.

I MEAN, IT'S NOT IT'S NOT A LOT LIKE GOES LIKE THAT.

AND SO IT WOULD BE VERY DIFFICULT TO LIMIT WHO GOT IT AND WHO DIDN'T AND WHO QUALIFIED FOR HOW MUCH.

BOARD MEMBER COLLINS SO I'LL SAY WHAT I SAID TO YOU LAST TIME WHEN WE TALKED ABOUT IS THE PHILOSOPHICAL OBJECTION OF, IS THIS REALLY HOW THE GOVERNMENT SHOULD BE FUNCTIONING? IS THIS THE HIGHEST AND BEST USE OF GOVERNMENT? IS THIS KIND OF A THING? PRIVATE COMPANIES DO THIS BECAUSE THEY CAN MAKE PROFIT OFF OF IT.

THERE'S NO INCENTIVE FOR THE GOVERNMENT TO BE INVOLVED IN THIS KIND OF RISK.

AND I THINK A GOOD. YOU KNOW, GENERALLY. RIGHT.

LIKE WHATEVER I WOULD DO PERSONALLY WITH MY FINANCES.

RIGHT. WOULD I TAKE THAT KIND OF A RISK? WOULD YOU WOULD YOU FINANCE AND GUARANTEE PEOPLE? PROBABLY NOT. RIGHT. PERSONALLY. SO I WOULD I WOULD HATE TO DO THAT WITH OTHER PEOPLE'S MONEY IF I HAD A MORTGAGE.

IT'S A DIFFERENT STORY. BUT AGAIN, WHAT I'M GETTING AT, CHRIS, IS REALLY WHAT YOU'RE TRYING TO DO. I'M GOING TO ASK,

[01:10:05]

THIS IS WHY YOU HAVE THE CRB. YOU DON'T BRING A VAGUE CONCEPT HERE.

THIS IS WHAT YOU HASH OUT WITH THE CRB. YOU UNDERSTAND WHAT THE CITY IS LEGALLY ABLE TO DO AND LEGALLY PROHIBITED FROM DOING, AND TO THEN BRING BEFORE US A MORE SPECIFIC IDEA.

THAT'S POSSIBLE. GREAT CONCEPT, BUT FLESH IT OUT THERE.

LET'S NOT DO IT HERE, OKAY? IF THAT'S OKAY, THAT'S FINE.

I'M JUST A MEMBER, SO I'D JUST LIKE TO FINISH MY QUESTIONS.

MIKE MR. MORTAL. SO IT WAS CREATED IN 1998. THE CRA AMENDED IN OH TWO, TEN, 16 AND 19 ARE AMENDED.

AMENDMENT WINDOW IS GETTING SHORTER. DO YOU ANTICIPATE NEEDING TO AMEND IT AGAIN? IT'S GOING TO EXPIRE IN 58. SO YOU HAVE TO DO A IT'S A IT'S NOT A CERTIFICATE OF NEED, BUT IT'S I CAN'T THINK OF THE TERM OF ART, BUT IT REQUIRES AN APPLICATION. IT HAS TO GO TO THE COUNTY.

THE COUNTY HAS TO VET IT. THE COUNTY HAS TO AGREE THAT WHEN THESE EXPANSES WERE DONE, IT REALLY TIMES WITH THE RECESSION. AND SO IT'D BE FAIRLY DIFFICULT TO GO RIGHT NOW AND SAY, YOU KNOW, THESE HOUSES OVER HERE THAT ARE SELLING FOR $700,000 EACH, THIS IS OUR BLIGHTED COMMUNITY.

SO, YOU KNOW, WHEN 50% OF THE HOUSES IN STEWART WERE IN FORECLOSURE, SURE IT WAS A LITTLE BIT EASIER TO ADDRESS, SO I DON'T BELIEVE THAT WE'LL BE ANYWHERE CLOSE TO BEING ABLE TO EXPAND THE CRA TO ANY ADDITIONAL LAND JUST BECAUSE THE CRITERIA TO DO SO, AND THE METHOD THAT WOULD HAVE TO GO THROUGH THE COUNTY FOR THE OBJECTION AND BEING ABLE TO SAY THAT IT'S BLIGHTED OR THAT IT'S DEPRESSED, WHATEVER IT MIGHT BE, ABSENT FINANCIAL CRISIS THAT I WOULD RATHER NOT HAVE BECAUSE WE'D HAVE BIGGER PROBLEMS. MR. MARTEL, DO WE NEED TO VOTE ON THIS TO ACCEPT THE PLAN? NO, IT'S JUST A PRESENTATION. OKAY. BOARD MEMBER COLLINS, DO YOU HAVE A QUESTION? MIKE, A FINAL QUESTION. YES. JUST ALONG THE LINES OF THE CRA SUNSETTING WITH THE HB 991 AND SB 1242 WITH REGARD TO CRAS, HAVE YOU LOOKED AT THAT? SO I, I HAVEN'T READ THIS YEAR'S RENDITION. BUT EVERY YEAR YOU GET A BILL THAT'S PROBABLY SPONSORED BY A COUNTY. IN DISGUISE THAT SAYS THE CRA SHOULD EITHER BE CANCELED, SUNSETTED CAN'T EXPAND. OR RESTRICTIONS. AND THEY THEY DO MOVE AROUND.

YOU GOT TO KEEP AN EYE ON THEM AS WE DO. AND I KNOW THE ONE THIS YEAR HAS THE SAME LANGUAGE.

THE ORIGINAL PROJECT TO START DOING THE ENHANCEMENTS TO.

GUY DAVIS WAS GENERATED FROM A CRA BILL THAT SAID, IF YOUR CRA DOESN'T HAVE ANY DEBT, THEN THE CRAS. ARE GOING TO CANCEL AND CRAS ARE GOING TO GO AWAY.

BUT IF YOUR CRA HAS OUTSTANDING DEBT, IT CAN STAY IN EXISTENCE UNTIL THAT DEBT IS PAID OFF.

SO EVERY CRA IN THE STATE RAN OUT TO CREATE SOME KIND OF DEBT VEHICLE SO THAT THEIR CRA COULD LAST UNTIL THE SUNSET. VISION OF THAT THING. NOW, THE TRUTH OF IT IS, IS THAT THE BILL AT THE TIME DIDN'T PASS, DIDN'T CREATE THE THING, AND WE DIDN'T EVER GET ANY CREATE ANY OF THE DEBT EITHER.

BUT THE SAME BILLS THAT YOU'RE REFERRING TO THIS YEAR HAVE THE SAME LANGUAGE IN IT THAT IT WOULD SUNSET THE CRA.

UNLESS OF COURSE, IT HAD DEBT. SO THE QUESTION IS, AS A CRA, SHOULD WE RUN OUT AND BORROW $20,000,000 MILLION AND LIKE CREATE ALL THIS DEBT AND WE HAVEN'T. AND, YOU KNOW, OBVIOUSLY THE DESIRE FOR THE CITY IS NOT TO CREATE DEBT.

SO WE WATCH IT, YOU KNOW, EVERY YEAR AND WONDER, IS THIS GOING TO BE THE YEAR THAT WE SHOULD HAVE CREATED THE DEBT? BUT AGAIN, I GO BACK TO LIKE OUR CRA IN THE TERMS OF THE STATE, OUR CRA IS EXTREMELY SMALL.

THE VALUATIONS ARE VERY LOW. WHEN YOU START LOOKING AT THE FORT LAUDERDALE'S AND ORLANDO'S AND MIAMI'S WEST PALM AND 80 AND $100 MILLION.

CRAS AND MULTIPLE CRAS ARE $5 MILLION IS A ROUNDING ERROR.

SO EVERY YEAR WE ANTICIPATE THAT THE BIG BOYS WILL DO THAT FIGHTING FOR US BECAUSE THEY HAVE A LOT MORE TO LOSE THAN WE DO.

THAT'S A GOOD POINT. THANK YOU. YEAH, THERE'S NOT MUCH THERE'S NOT MUCH ANTICIPATION THAT THIS WILL SUCCEED AS.

SO FROM WHAT I HEAR. SEEING. NO MORE QUESTIONS.

THANK YOU. JORDAN. THANK YOU. SO ITEM NUMBER TWO, I WILL READ THAT STEWART MAIN STREET LETTER OF SUPPORT FOR A MURAL ON CITY OWNED PROPERTY.

[2. STUART MAIN STREET LETTER OF SUPPORT FOR A MURAL ON CITY-OWNED PROPERTY (RC): RESOLUTION No. 02-2025 CRA; A RESOLUTION OF THE BOARD OF THE COMMUNITY REDEVELOPMENT AGENCY (CRA) OF THE CITY OF STUART, FLORIDA AUTHORIZING THE CITY MANAGER TO SIGN A LETTER OF SUPPORT FOR STUART MAIN STREET PROPOSED LARGE-SCALE MURAL PROJECT ON THE CITY OWNED PROPERTY LOCATED AT 221 SW FLAGLER AVENUE, STUART, FLORIDA; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.]

[01:15:06]

RESOLUTION NUMBER 02-2025 CRA A RESOLUTION OF THE BOARD OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF STEWART, FLORIDA, AUTHORIZING THE CITY MANAGER TO SIGN A LETTER OF SUPPORT FOR STEWART.

MAIN STREET PROPOSED LARGE SCALE MURAL PROJECT ON THE CITY OWNED PROPERTY.

PROPERTY LOCATED AT 221 SOUTHWEST FLAGLER AVENUE, STUART, FLORIDA.

PROVIDING AN EFFECTIVE DATE AND FOR OTHER PURPOSES.

JORDAN, ARE YOU GOING TO EXPLAIN THIS TO US? SURE.

SO THE STUART MAIN STREET IS REQUESTING A LETTER OF SUPPORT FOR THE PROPOSED LARGE SCALE MURAL PROJECT ON CITY OWNED PROPERTY LOCATED AT 221 SOUTHWEST FLAGLER AVENUE IN STUART.

THE PROPOSED MURAL WILL BEAUTIFY THE PUBLIC SPACE AND HIGHLIGHT THE SIGNIFICANCE OF THE SAINT LUCIE RIVER ECOSYSTEMS, WHICH IS INSPIRING RESIDENTS AND VISITORS TO APPRECIATE AND PROTECT THE CRITICAL NATURAL RESOURCE.

THE MURAL WILL REFLECT THE CITY'S UNIQUE SPIRIT AND IDENTITY.

STUART MAIN STREET IS APPLYING FOR THE GRANT TO COMMISSION A MURAL AND THE ARTISTS FOR CREATION OF THE PUBLIC ART, AND SINCE THE PROPOSED ARTWORK IS LOCATED ON CITY OWNED PROPERTY, THE GRANT APPLICATION REQUIRES A LETTER OF SUPPORT FOR THE MURAL PROJECT.

INSTEAD OF GIVING YOU THE ADDRESS, THE CITY OWNED PROPERTY THAT WE'RE TALKING ABOUT IS THE BATHROOM IN FLAGLER PARK.

YEAH. YES. I HAVE A MAP UP ON ON THE SCREEN, IF YOU DIDN'T SEE THAT.

BUT YEAH, IT'S THE BATHROOM IS LOCATED WITHIN.

SO INITIALLY THEY WEREN'T GOING TO GO OUT FOR A GRANT STEWART MAIN STREET, AND THEN THEY DECIDED THAT THEY WANTED TO DO SOMETHING A LITTLE BIT MORE LARGE SCALE, SIMILAR TO MAYBE WHAT YOU MIGHT SEE AT MEMORIAL PARK.

AND THAT'S THE REASON FOR THEM GOING OUT TO THE GRANT. THERE'S OUTSIDE OF THE GREEN MARKET.

YES. IS IT ALL THREE WALLS OR ALL FOUR WALLS OR JUST ONE? I BELIEVE THEY'RE GOING TO DO ALL FOUR. WOW. WILL THAT COME BACK TO US FOR APPROVAL? YEAH, IT WILL GO BEFORE THE CRB AND THEN. YEAH.

AND THEN IF THEY DO, WHICH I ANTICIPATE AFTER THEY RECEIVE THE GRANT AND SEE HOW MUCH THEY RECEIVE, THEY MAY EVEN APPLY FOR OUR MURAL MATCHING GRANT PROGRAM.

AND THAT WILL ALSO REQUIRE THEM GOING BEFORE THE CRB.

MAYOR, I'D LIKE TO MOVE RESOLUTION NUMBER OH TWO 2025.

SECOND. WE HAVE A MOTION BY BOARD MEMBER COLLINS AND A SECOND BY BOARD MEMBER CLARK.

IS THERE ANY PUBLIC COMMENT ON THIS ITEM? ARE THERE ANY COMMENTS OR QUESTIONS BY BOARD MEMBERS? YES. MR.. BOARD MEMBER BELL I HAVE I THE ONLY THING I WOULD SAY IS THAT HOPEFULLY IF IT GOES OUT TO RFP, THAT THERE'S A PROVISION IN THERE TO THAT FAVORS LOCAL ARTISTS FOR FOR CREDIT ON THE ON THE MURAL.

AND THAT WOULD BE MY ONLY CHANGE TO THIS OR WAS WAS THAT THAT THAT WOULD BE INCLUDED.

THE ONLY OTHER THING I WOULD MENTION IS I THINK IT'S GREAT THAT WE'RE WE'RE PUTTING IT ON A BATHROOM.

I SPEND A LOT OF TIME IN THOSE, BUT AT MY AGE.

BUT BUT ANYWAY. BUT BUT YOU KNOW, WE COULD TAKE A LOOK AT THE PUBLIC, THE ANNEX BUILDING.

AND IT'S GOT A WHOLE BIG WALL THAT'S GOT NOTHING ON IT.

AND I STOOD THERE AND LOOKED AT THAT WHEN I WAS TRYING TO FIGURE OUT WHERE THEY WERE GOING TO PUT THIS. AND I'M LOOKING AT THAT ANNEX BUILDING THINKING, WHY THE HECK DON'T WE DO SOMETHING WITH WITH CLEANING UP? IF WE'RE GOING TO DO A MURAL, WHY DON'T WE DO SOMETHING WITH CLEANING UP THAT ANNEX BUILDING.

BUT ANYWAY, JUST MY COMMENT. HAVE YOUR BOARD FORWARD A PROPOSAL TO THE CRA.

MR. BRECHBILL SO CANDACE WAS JUST TEXTING ME AND SHE SAID, YOU'RE LOOKING AT THREE WALLS.

THE ONE WALL THAT CAN'T BE DONE IS THE ONE WITH THE DOORS, RIGHT? AND THAT SHE WOULD ABSOLUTELY BE LOOKING AT LOCAL ARTISTS.

IS IT IS IT FORMALLY IS THERE A LANGUAGE THAT FORMALLY FAVORS A LOCAL ARTIST? MR. MARTELLO, WE'VE NEVER USED ANYBODY BUT LOCAL ARTISTS, RIGHT? IT'S NEVER EVEN OCCURRED TO ME. YEAH. OKAY. ANY QUESTIONS OR COMMENTS BY ANY OTHER BOARD MEMBERS? IF NOT, ROLL CALL, PLEASE. MADAM CLERK, BOARD MEMBER.

JAMES. YES. BOARD MEMBER. BRECHBILL. YES. BOARD MEMBER.

JOBY. YES. BOARD MEMBER. CLARKE. YES. VICE CHAIR.

COLLINS. YES. CHAIR. RICH. YES. AND SEEING NO OTHER ITEMS FOR OUR CONSIDERATION.

THIS MEETING IS ADJOURNED. YAY! THANK YOU. WE WILL CONVENE AT TEN MINUTES FOR THE.

* This transcript was compiled from uncorrected Closed Captioning.