[00:00:02]
>> GOOD EVENING. THE TIME IS NOW 6:00 PM AND I'LL CALL TO ORDER
[Call to Order]
THE COMMUNITY REDEVELOPMENT AGENCY MEETING OF WEDNESDAY, AUGUST 14TH.CAN WE HAVE A ROLL CALL, PLEASE?
>> EXECUTIVE DIRECTOR KITZEROW?
>> COMMISSIONER ATTORNEY BARD.
>> FOR THE RECORD, I EXCUSE COMMISSIONER ATTORNEY TOM BARD FROM ATTENDING TONIGHT, SO HE WILL NOT BE ATTENDING, AND I DON'T KNOW THE STATUS OF COMMISSIONER DELANEY.
WITH THAT, DO YOU HAVE ANY CITIZEN COMMENTS?
>> SEEING NONE, WE HAVE BEFORE US THE MINUTES OF THE APRIL 16TH CRA MEETING.
[1. April 16, 2024 Community Redevelopment Agency Meeting Minutes. ]
I DON'T SEE ANY CORRECTIONS ON THE DIS.IF THERE ARE NONE, I'LL TAKE A MOTION AND A SECOND TO APPROVE THE MINUTES.
>> MOTION AND THE SECOND. ALL IN FAVOR SIGNIFY BY SAYING AYE.
>> MOTION CARRIES UNANIMOUSLY.
[2. Approving a CRA Meeting for Tuesday, September 3, 2024 at 6:30PM.]
MOVING ON TO THE REGULAR AGENDA.CAN I GET A MOTION IN A SECOND TO APPROVE THE CRA MEETING FOR TUESDAY, SEPTEMBER 3RD AT 6:30 PM?
>> MOTION AND A SECOND. ALL IN FAVOR SIGNIFY BY SAYING AYE.
>> MOTION CARRIES UNANIMOUSLY.
MOVING ON TO REGULAR AGENDA ITEM 3,
[3. Review of the CRA Operating Budget and Community Investment Program for Fiscal Years 2025 – 2026.]
REVIEW OF THE CRA OPERATING BUDGET AND COMMUNITY INVESTMENT PROGRAM FOR FISCAL YEAR 2025-2029, AND I'LL TURN IT OVER TO STAFF.>> THANK YOU, MR. CHAIRMAN, AND COMMISSION.
GOOD EVENING. SCOTT REYNOLDS, I AM THE FINANCE DIRECTOR FOR THE TOWN.
AS YOU JUST INDICATED, WE'RE HERE THIS EVENING TO HAVE OUR BUDGET WORKSHOP FOR THE CRA, AND TALK ABOUT THE FISCAL YEAR '25 AND ALSO '25 THROUGH '29 CIP, ABOUT THE OPERATING BUDGET ITSELF.
FOR THE CRA, THE TAX INCREMENT INCREASES AND DECREASES.
WE SAW AN INCREASE FROM 473 MILLION TO 515 MILLION IN THE TAX INCREMENT GOING INTO FY '25.
THAT'S A $42 MILLION INCREASE.
APPROXIMATELY 879 OF THAT IS ATTRIBUTABLE TO NEW CONSTRUCTION.
THE REST OF IT HAS TO DO WITH THE VALUES WITHIN THE DISTRICT INCREASING WITHIN FY '25. THAT'S WHAT WE WANT TO SEE.
WE WANT TO SEE THOSE VALUES CONTINUE TO ESCALATE GOING FORWARD.
THAT'S THE WHOLE POINT OF HAVING THE CRA DISTRICT, AND THE IMPROVEMENTS THAT WE DO WITHIN THE DISTRICT.
WHAT'S BEING PROPOSED IN THE OPERATING BUDGET, SOME OF THE ITEMS ARE DRIVEN BY THE COMMISSION, SUCH AS THE COMMUNITY EVENTS THAT THE COMMISSION HAS INDICATED THEY'D LIKE TO SEE.
STAFF IS PROPOSING $40,000 FOR THOSE COMMUNITY EVENTS NEXT YEAR.
I KNOW THE COMMISSION MADE IT A POINT THAT THEY WANTED TO SEE DECORATIONS WITHIN THE INLET VILLAGE DURING THE HOLIDAY SEASON, SO WE DO HAVE DECORATION COST WITHIN THE OPERATING BUDGET.
I WILL TELL YOU, JOHN AND STEPHANIE ALSO OR THE P&Z STAFF IS LOOKING TO DO AN INTERNSHIP FOR NEXT YEAR.
THAT'S DEFINITELY A GOOD POINT TO DO THAT.
NOW THAT WE HAVE A CRA PLAN THAT'S GOING TO BE COMING BEFORE THE COMMISSION HERE VERY SHORTLY.
AN INTERN WOULD HAVE AN OPPORTUNITY TO BE ABLE TO SEE HOW THAT PLAN IS IMPLEMENTED IN THE WORKING IN THAT PLAN, SO THAT'S DEFINITELY A GOOD INVESTMENT.
ALSO THE HOLIDAY BOAT PARADE, THAT'S AN ANNUAL EVENT THAT WE DO.
WE PARTICIPATE IN THE FIREWORKS, AND THEN THE CONTINUED CRA PLAN.
I WILL SAY THAT WE'RE IN THE LAST STAGES OF FINISHING THAT PLAN FOR PRESENTATION TO THE COMMISSION.
IT SHOULD BE DONE HERE VERY SHORTLY.
NONE OF THOSE ELEMENTS WILL BE INCLUDED IN THE PRESENTATION THAT YOU SEE THIS EVENING.
BUT ULTIMATELY, WHEN THE PLAN IS ADOPTED BY THE COMMISSION, WE WILL INCORPORATE THOSE ELEMENTS WITHIN THE PLAN.
BUT WE DO OUR PROGRAMMING OPERATING EXPENDITURES FOR THE REGIONAL PLANNING COUNCIL FOR NEXT YEAR TO CONTINUE ON WITH THE PLAN, AND ALSO HELP DURING IMPLEMENTATION, SO THERE'S SOME FUNDING IN THERE FOR THAT.
[00:05:01]
THERE'S SOME UPDATED PROJECTS, THERE'S ALSO ONE NEW ONE.WE'VE UPDATED FOR THE RIVERWALK GRAVITY WALL.
IF YOU'VE LOOKED IN THE YOUR FRIDAY REPORT, YOU CAN SEE THAT THAT PROJECT IS NEARING AN END, AND BEING COMPLETED, WHERE THERE WAS ACTUALLY A VESSEL THAT HAD HIT THE GRAVITY WALL AND NEEDED REPAIR.
NOW IT'S ON HOW TO PREVENT THAT FROM HAPPENING AGAIN IN THE FUTURE.
THERE'S BEEN SOME FUNDS THAT HAVE BEEN ADDED TO HELP CREATE A OYSTER BED TO HELP DETER ANY FUTURE VESSELS FROM HITTING THAT WALL.
ALSO, THE CONTINUE ON WITH THE RIVERWALK LIVING SHORELINE STABILIZATION, YOU'VE HEARD STEPHANIE [NOISE] AND HER STAFF TALK ABOUT THAT.
THAT'S THE CONTINUING ON OF THAT ONGOING PROGRAM ALONG THE RIVERWALK.
THEN A NEW PROGRAM OR A NEW CIP FOR THIS YEAR IS THE PIATT PLACE PARK.
THE NEW CIP FOR CONSTRUCTION OF THE PASSIVE PARK AND CONNECTING OF THE RIVERWALK.
WE'LL TALK ABOUT THAT THIS EVENING A LITTLE BIT MORE IN DETAIL.
LOOKING AT IN SUMMARY FOR THE PROPOSED FY '24/FY '25 BUDGET, AS YOU JUST INDICATED, THAT IT IS A FIVE-YEAR PLAN LOOKING FORWARD, BUT, WHAT YOU'RE ACTUALLY BEING ASKED TO ADOPT IS THE FY '25 BUDGET.
YOU CAN SEE THAT THE PLAN IS FUNDED FROM COUNTY MILLAGE OF 4.5 MILLS AND THE TOWN MILLAGE THAT'S BEING PROPOSED OF 2.3894.
A TOTAL OF $3.3 MILLION IS COMING IN FROM AD VALOREM TAXES TO HELP FUND THE PLAN, AN INCREASE OF $273,000 IN TAXES OVER THE FY '24 AMOUNT.
FOR THE CIP PORTION, AGAIN, I JUST POINTED OUT A FEW OF THOSE ITEMS THAT MAKE UP THE PROPOSED INVESTMENT PLAN.
WE DO HAVE SOME THAT ARE COMING TO AN END, WHICH IS THE JUPITER BEACH ROAD A1A PROGRAM.
IF YOU'VE BEEN OUT THERE, THE ROUNDABOUT IS NEARING COMPLETION, AND ALSO THE LOVE STREET SIDEWALK IS IN THE WORKS AS WELL.
A NUMBER OF PROJECTS THAT WILL BE CLOSED OUT, THIS UPCOMING YEAR, THESE LEGACY PROJECTS.
YOU SEE THE CARRY FORWARD DOLLARS THERE.
THEY WILL BE COMPLETED IN THE UPCOMING FISCAL YEAR.
WE JUST SPOKE A LITTLE BIT ABOUT THE GRAVITY WALL REPAIRS.
AGAIN, I WANTED TO INDICATE THAT THE GRAVITY WALL WILL BE COMPLETED.
THEN WHAT WE'RE GOING TO BE FOCUSING ON WITH THE FUNDING THAT WE'VE PLACED INTO THE CIP, GOING FORWARD WILL BE MORE FOR MITIGATION PURPOSES AND TO BLOCK FROM VESSELS FROM BEING ABLE TO HIT THAT WALL IN THE FUTURE.
WE PROVIDE A NATURE-BASED STRATEGY FOR STABILIZATION ALONG THAT WALL.
THE RIVERWALK SHORELINE STABILIZATION.
WE'VE TALKED ABOUT THAT OVER THE LAST COUPLE OF YEARS.
THIS IS THE CONTINUING ON OF THIS PROGRAM.
THIS IS THE LIVING SHORELINE IMPLEMENTING AND ALSO HELPS STABILIZE THE RIVER.
I KNOW A NUMBER OF BOATERS, INCLUDING MYSELF, THAT GO ALONG THERE.
WE'VE SEEN THE EROSION THAT'S OCCURRING FROM THE WAVE ACTION THAT OCCURS THERE, SO WE'RE CONTINUING ON WITH TRYING TO STABILIZE THOSE SHORELINES ALONG THE RIVERWALK.
THE COMMUNITY INVESTMENT PLAN FOR THE PIATT PLACE PARK.
YOU SAW THAT WITH THE FIRE STATION THAT'S GOING IN PIATT PLACE.
WE TALKED ABOUT THE PARK WHEN THAT CAME BEFORE IN RELATION TO THE PLANNING AND ZONING ELEMENT.
I'M GOING TO ASK STEPHANIE TO COME UP AND TALK ABOUT THE NEW PLAN OR THE CIP, AND WHAT'S BEING PROPOSED IN THE CIP FOR THE NEXT COUPLE OF YEARS.
>> GOOD EVENING. CAN YOU SEE ME? THE PLAN WAS SHOWN ON THE STEPHANIE THORBURN, ASSISTANT DIRECTOR PLANNING AND ZONING.
THE PLAN THAT MR. REYNOLDS IS REFERRING TO IS RELATIVE TO THE PIATT PLACE SITE PLAN THAT YOU SAW LAST MONTH, AND IT WAS SPECIFICALLY SP2.
IF WE WANT TO BRING THAT BACK TO THE CRA TO HAVE MORE FURTHER DISCUSSION ABOUT THE USES BECAUSE IT IS A STRATEGIC PRIORITY.
BUT THE CONCEPTUAL PLAN MERELY SHOWED A RIVERWALK CONNECTOR THAT COULD CONNECT ALONG.
[00:10:08]
REMEMBER, WE'RE BEING PROGRAMMED BY FDOT TO DO THE SUN TRAIL, SO WE ARE IN THE LIST OF PRIORITY PROJECTS FOR THE TRANSPORTATION PLANNING AGENCY FOR PALM BEACH COUNTY, AND WE HAVE THAT IN THE HOPPER OR SUN TRAIL ALONG THE FRONT OF US1, AND THIS WOULD PROVIDE THAT RIVERWALK ALONG THE MANGROVES AND PROVIDE A KAYAK LAUNCH, AND ALSO BECAUSE OF THE FIRE STATION IS THERE, IT'S AN OPPORTUNITY TO HAVE EYES ON THE RIVERWALK AT ALL TIMES.WE'VE STRUGGLED FOR MANY YEARS WITH THAT PROPERTY.
HAVING THAT KIND OF OVERSIGHT, SO WITH THE FIRE STATION THERE, IT WILL PROVIDE GOOD OVERSIGHT FOR THE FOLKS TO FEEL COMFORTABLE COMING THROUGH THERE.
IT'S ALWAYS BEEN A VERY NARROW AND PIECE OF PROPERTY THAT'S SURROUNDED BY ITS OWN LITTLE ISLAND WITH THE MANGROVES AND THE HIGHWAYS.
REALLY, IT WAS JUST TO PROVIDE PUBLIC ACCESS, TO CONTINUE AND TO HAVE SOME DISCUSSION SO THAT WE CAN BEGIN ON MORE SPECIFICS. IT'S VERY CONCEPTUAL.
BUT WE WANTED TO POSITION OURSELVES FOR POTENTIAL GRANTS, WHICH IS WHY STAFF PROPOSE THE CIP BECAUSE WE CAN GO GET FINE GRANTS, WE CAN GET FOOD GRANTS.
THERE'S LOTS OF MONEY AVAILABLE ALSO WITH OUR FLORIDA RESILIENCY GRANT, SO IT GIVES US THE OPPORTUNITY TO SHOWCASE AND SHOW THE STATE AND THE FEDERAL GOVERNMENT THAT WE ARE SERIOUS ABOUT WANTING TO DO IMPROVEMENTS FOR PUBLIC ACCESS AND RESILIENCY.
>> AGAIN, WE'VE PROGRAMMED IN SOME MONEY FOR FUTURE YEARS.
THE HARDSCAPE, AND WE'VE HEARD FROM THE COMMISSION PREVIOUSLY ABOUT THE KAYAK LAUNCH, SHADE STRUCTURES, A SMALL PARKING LOT, THE RIVERWALK CONNECTION, ALL THE ENVIRONMENTAL ITEMS THAT STEPHANIE WAS SPEAKING TO.
WE'VE PROGRAMMED IN SOME MONEY.
ULTIMATELY, THE CRA PLAN WILL BE COMING BACK TO YOU, WE'LL BE REFINING THOSE PLANS, AND THEN YOU'LL BE ADOPTING WHAT YOU'D LIKE TO SEE GOING FORWARD, BUT, IT DOES POSITION US TO BE ABLE TO APPLY FOR OTHER STATE, AND POSSIBLY FEDERAL FUNDS TO BE ABLE TO ASSIST WITH WHATEVER THE COMMISSION WOULD LIKE TO DO ON THAT SITE.
>> REAL QUICK, SCOTT. STEPHANIE, SINCE YOU'RE HERE, I JUST WANT TO MAKE SURE WHEN WE COME BACK AND TALK ABOUT THIS PLAN I'M STILL PUSHING FOR SOME FINGER DOCK BORDERING THE MANGROVES SO THAT WE CAN HOPEFULLY ADDRESS THE DERELICT VESSELS THAT ARE SITTING IN THAT LITTLE BAY RIGHT THERE, HOPEFULLY GET THEM IN A WAY THAT THEY HAVE TO BE PUSHED OUT OF THERE.
WE CAN MAKE SURE THAT WE DO TALK ABOUT THAT.
GOING FORWARD, DO WE HAVE SOMETHING IN A PLACE THAT CAN HELP MITIGATE THAT?
>> FROM A CASH FLOW PERSPECTIVE BASED ON THE LONG-TERM, WHAT DOES THAT MEAN WITH WHAT WE CURRENTLY HAVE BUDGETED? AGAIN, I'M GOING TO EMPHASIZE THAT YOU HAVE A CRA PLAN COMING BEFORE YOU, WHICH IS THE LONG-TERM PLANNING DOCUMENT.
BUT WHAT ARE THE FUNDS THAT WE'RE CURRENTLY PROJECTING TO HAVE AVAILABLE GOING FORWARD? I JUST WANT TO QUICKLY JUMP TO THE END, WHICH IS THE END OF LIFE FOR THE CRA IN 2034.
WE'RE PROJECTING JUST OVER $28 MILLION BEING AVAILABLE.
BUT WHAT I WOULD STATE, AND THIS IS THE REASON THAT WE STARTED THE MODIFICATIONS FOR THE CRA PLAN, IS WE NEED TO USE THAT MONEY.
WE NEED TO DO THOSE IMPROVEMENTS IN THE DISTRICT.
AT THE END OF THE LIFE SO THAT WE DON'T WANT TO HAVE $28.1 MILLION SITTING THERE.
WE WANT TO USE THAT MONEY TO MAKE THOSE IMPROVEMENTS, WHATEVER THEY MAY BE THAT THE COMMISSION DECIDES, THE WHOLE POINT IS TO IMPROVE THE DISTRICT, WHICH ULTIMATELY WILL IMPROVE THE VALUES WITHIN THE DISTRICT AND ULTIMATELY BRING MORE TAX DOLLARS BACK INTO THE TOWN, AND THE COUNTY WHO ALSO PARTICIPATES IN THE PROGRAM.
JUST TO POINT THAT OUT, AND THAT'S GOING TO BE PART OF THE PLAN THAT'LL BE COMING BEFORE YOU ON HOW TO DO THAT.
THAT ENDS MY PRESENTATION UNLESS YOU HAVE OTHER QUESTIONS.
>> I JUST WANT TO SAY A FEW WORDS ON BEHALF OF THE COMMISSIONERS HERE, THAT, NUMBER 1, STAFF MET WITH CRA COMMISSIONERS IN INDIVIDUAL MEETINGS, AND THEREFORE, WE ALL INDIVIDUALLY HAD A CHANCE TO GIVE INPUT.
[00:15:03]
I'M NOT SAYING WE CAN'T GIVE ADDITIONAL INPUT, BUT I WANT TO EMPHASIZE SO THE PUBLIC IS AWARE THAT WE ALREADY HAD INDIVIDUAL MEETINGS.WE DO THAT AS A MANNER OF PRACTICE.
THEN UNIQUELY, THE CRA PLAN, AN UPDATE IS UNDERWAY, UNLIKELY TO BE FINISHED BEFORE THIS WE HAVE TO ADOPT THE BUDGET.
THEN, FOR THE CRA, THE PLANNING THAT WE DO IS CONTINGENT UPON OPPORTUNITIES THAT WE MAY NOT FULLY CONTROL.
WE HAD TALKED ABOUT THIS. I THINK THERE'S A CONSENSUS WE HAD ON COUNCIL, I BELIEVE, THAT AMONG THE PROJECTS WE WANTED TO SEE WAS SOMETHING WITH PIATT PLACE PARK AND THEN SOMETHING POTENTIALLY WITH SUNNI SANDS IF THE PROPERTY OWNER WAS SO INTERESTED.
BUT, WE'RE NOT ADOPTING ANYTHING OTHER THAN PROVIDING SOME FUNDS THAT WE CAN FORECAST WE CAN REASONABLY SPEND.
CERTAINLY, AS COMMISSIONER MAY INDICATED, WE'LL HAVE THE OPPORTUNITY TO MORE DETAIL.
JUST SO WITH THAT, I JUST WANT TO GO DOWN THE ROW HERE. I'LL GO LAST.
IF YOU HAVE ANY QUESTIONS OR COMMENTS, MAKE THEM FOR THE RECORD. COMMISSIONER MAY.
>> NO QUESTIONS OR COMMENTS RIGHT NOW.
LIKE I SAID, WE HAVE THAT PLAN COMING UP WITH ALL THAT STUFF, SO WE'LL SEE MORE DETAIL AS TO WHAT WE'RE GOING TO DO.
LIKE YOU SAID, WE MET INDIVIDUALLY, SO I THINK STAFF IS FULLY AWARE OF WHAT MY EXPECTATIONS ARE.
I DO THINK WE'RE ON A HOLDING PATTERN BOTH ON THE RECREATION MASTER PLAN AND ON THE SIERRA PLAN.
I DO WANT TO SAY JUST HOW PLEASED I AM TO SEE THIS LONG-TERM SOLUTION WITH THE OYSTERS FOR THE RETAINING WALL AND THE NATURE-BASED SOLUTION.
>> ALSO, WE MET PRIOR TO THIS AT LENGTH AND I HAD A LOT OF QUESTIONS FOR YOU.
YOU HAD ANSWERS FOR EVERY ONE OF MY QUESTIONS. THANK YOU VERY MUCH.
LOOK FORWARD TO THE NEXT ONE. THANK YOU.
>> JUST AS A FEW THINGS ON THE RECORD, AND THEN ON BEHALF OF THE COMMISSION, I'M SURE THIS MAY HAVE BEEN DISCUSSED IN THE INDIVIDUALS, BUT NUMBER 1, THE RIVERWALK WATERFRONT TRASH CLEANUP THAT WE'VE TALKED ABOUT ON AND OFF, I THINK, STAFF INDICATED THERE IS FUNDS TO DO THAT.
>> YOU WANT TO SEE IT AS A LINE ITEM, BUT THAT'S AN IMPORTANT ITEM.
I JUST WANT TO MAKE CONFIRMING FOR THE RECORD THAT THERE'S FUNDS TO DO THAT.
I'M SURE WE ALL SAW THE COST IMPLICATIONS OF THE SMALL BOAT IMPACT, AND FOR THE RECORD, THERE WAS NO FINANCIAL RESTITUTION POSSIBLE BECAUSE THERE'S NO RECORD OF WHICH BOAT DID THE DAMAGE.
BUT WE CERTAINLY TRY THE STAFF DOES TRY IF THEY CAN.
I WANT TO EMPHASIZE THE FUTURE FUNDING TO PROTECT AND PREVENT DAMAGE TO THE WALL IN RIVERWALK AS A LONG-TERM SOLUTION IS A GOOD GOAL.
I APPRECIATE SOME FUNDS HAVING BEEN INCLUDED IN THE PLAN.
I WOULD EXPECT THAT'S AN ESSENTIAL PROJECT TO IMPLEMENT BEFORE THE CRA SUNSETS.
I DON'T KNOW WHETHER OR NOT IT'S REASONABLE ON AN EXPECTATION THAT THE BUDGET ESTIMATE COULD REALLY BE KNOWN AT THIS TIME UNTIL ENGINEERING IS DONE, SO IT'S REALLY A PLACEHOLDER.
THAT PROJECT IS GOING TO REQUIRE COURT APPROVAL OR WHATEVER, SO WE MAY APPROACH IT DIFFERENTLY THAN A YEAR-BY-YEAR.
JUST A THOUGHT, BUT I'M OKAY WITH NOW THE WAY THE FUNDING IS AND HIGHLY SUPPORTIVE OF THAT.
MAYBE THIS IS GOING TO BE DONE BEFORE THE END OF FISCAL YEAR '24, BUT FOR PIATT PLACE, WE'RE GOING TO HAVE UNDERGROUND DEMO AND SITE WORK ON THE PARK SIDE.
HOW IS THAT GOING TO BE HANDLE? CAN YOU SPEAK TO THAT?
>> I WAS ACTUALLY GOING TO DISCUSS THAT MORE WHEN WE GET TO THE TOWN PORTION, BUT I GOT TO TALK ABOUT IT.
[OVERLAPPING] FOR THE FUNDING PIECE, THERE IS GOING TO BE AN IMPACT TO THE CRA.
AT THE NEXT COUNCIL MEETING, THERE WILL BE A CONTRACT THAT'S BROUGHT BEFORE THE COUNCIL FOR CONSIDERATION.
THAT CONTRACT FOR THE CONSTRUCTION WILL BE NOT ONLY PIATT PLACE, BUT ALSO FOR CINQUEZ, BUT THE RIGHT AWAY ISSUE THAT NEEDS TO BE ADDRESSED IS THAT UNDERGROUND PARKING STRUCTURE.
WE NEED TO GET THAT UNDERGROUND PARKING STRUCTURE OUT OF THERE.
WE'RE GOING TO HAVE TO DO SOME FILL, AND THERE'S SOME OTHER THINGS THAT HAVE TO HAPPEN ON-SITE.
[00:20:01]
A PORTION OF THAT COST WILL HAVE TO BE BORED BY THE CRA.BECAUSE, IT IS WITHIN THE DISTRICT, AND IT'S GOING TO BE DEVELOPED INTO SOME PARK IN THE FUTURE.
WHETHER A STATION WAS GOING THERE OR NOT, IT COULD HAVE BEEN BORED COMPLETELY BY THE CRA TO PULL THE STRUCTURE OUT OF THERE.
NOW THAT THERE'S A FIRE STATION GOING THERE, THAT A PORTION OF THAT COST WILL BE BOUGHT BY THE FIRE CONSTRUCTION BUDGET, AND THEN THE REST OF IT WITH THE CRA.
BUT THAT'LL BE IN THE FORM OF A BUDGET AMENDMENT THAT WILL BE COMING IN '24. YOU ARE CORRECT.
>> THEN, IF YOU GO TO TWO SLIDES BACK, PAGE 7.
THIS IS JUST A QUESTION, BUT MAYBE FOR RECOMMENDATION.
LOOKING DOWN, WE HAVE SCHEDULED PRINCIPAL PAYMENTS TO THE GENERAL FUND, BOTH PRINCIPAL AND INTEREST BECAUSE WE LOANED THE GENERAL FUND LOAN MONEY TO THE CRA TO THE DEGREE THAT WE HAVE A POSITIVE BALANCE.
IS THERE ANY LOGIC THAT YOU SEE, AND WHAT ACTION WOULD WE NEED TO TAKE TO JUST COMPLETE THE REIMBURSEMENT?
>> WE COULD DO THAT. IF THE COMMISSION SO WISHES TO DO THAT, THAT WOULD BE A GOOD USE OF THE MONEY IF YOU'D LIKE TO PAY THAT OFF EARLY.
>> WHAT WILL THE TOTAL AMOUNT BE?
>> WELL, THIS ON PAGE 709 IN THAT.
>> LOOK, THERE'S LIKE THREE DIFFERENT SCHEDULED PRINCIPAL PAYMENTS BETWEEN GENERAL FUND AND CIP.
>> WELL, THE POINT IS, I'D LIKE TO TAKE ACTION IN '24.
I GUESS YOU COULD BRING IT BACK.
>> I CAN HAVE IT AT THE FIRST READING FOR ADOPTION.
ABOUT A HALF $1 MILLION IS WHAT I'M SEEING HERE.
>> WHAT'S REALLY THE FACT THAT RIGHT NOW, WE'RE TYING UP GENERAL FUNDS? THIS CRA DIDN'T HAVE ANY MONEY WHEN THE LOAN WAS MADE.
NOW, THIS WOULD GIVE US THE OPPORTUNITY TO RECOUP THAT.
IF YOU COULD, I THINK THERE SEEMS TO BE A CONSENSUS TO BRING THAT FORWARD.
>> THANK YOU. THEN LASTLY, CAN'T NOT EMPHASIZE HOW GRATEFUL WE ARE FOR STAFF EFFORTS AND PARTICULARLY FINANCE.
I'M DELIGHTED WHEN I GET EVERY QUARTER, THE FINANCIAL RESULTS.
I JUST WANT THE PUBLIC TO KNOW THAT.
WE KNEW GOING IN HERE, WE ALREADY STAND WITH THREE QUARTERS OF FISCAL YEAR '24.
EVERY YEAR, YOU IMPROVE ON IT. THANK YOU.
IT'S ALSO OUT THERE FOR THE PUBLIC.
ANYBODY LISTENING, IT'S ON THE TOWN'S WEBSITE ON THE TOWN'S FINANCE PAGE IF THEY'D LIKE TO LOOK AT IT.
>> THEN WITH THAT, I DON'T THINK WE HAVE ANY MORE COMMENTS.
MOVING ON TO REPORTS. ANY REPORTS?
>> JUST VERY BRIEFLY, I'D JUST LIKE TO THANK SCOTT REYNOLDS AND DON CLARK AND ALL THE DIRECTORS FOR THE WORK THAT THEY DO.
THIS IS A VERY, VERY SHORT PRESENTATION.
BUT I ASSURE YOU THAT THE WORK THAT GOES INTO THIS IS ANYTHING BUT SHORT, WE SPEND A LOT OF TIME ON THIS, SO I JUST WANT TO MAKE SURE TO GIVE THEM CREDIT FOR THIS.
IT'S A LOT OF WORK TO GET TO WHERE WE ARE.
>> ANY COMMISSIONER COMMENTS? SEEING NONE.
THE TIME IS NOW 6:23, AND WE'LL ADJOURN THE MEETING.
RECONVENING WITH THE REGULAR COUNCIL MEETING, ITS WORKSHOP AT 6:30.
* This transcript was compiled from uncorrected Closed Captioning.