There's a guy sitting there with him. >> Ask Mr. Cob. Nice. >> Next to what? >> Yeah. >> So, some people say that you can't get it. >> I got Oh, no.
>> Yeah. My one of my best friends got it. He's 17. Most people it's like five%. >> Is everybody ready? like people on staff. >> Is the clerk ready? >> Everybody,
this is the community redevelopment agency meeting. I'm calling it to order. Let the record reflect all members are present. Uh the first item we have is the approval of minutes. What's the pleasure of the CRA? >> I move we approve the minutes. >> Is there a second? >> Second.
>> I call the vote. All those in favor say I. >> I. >> Okay. We have uh is there anyone here to speak from the public? I guess there's not. Okay. We have one item on consent. Does anyone want to pull that item?
Hearing none. Is there a motion? >> Uh motion to approve resolution number 17826. >> I think we only have to have a motion to approve. >> Oh, the consent agenda. Yes. >> Okay. Is there a second? >> Second. >> Okay. All those in favor say I. >> I.
>> Okay. A motion passes. We have two discussion items. Uh, Mr. Kelly. >> Uh, good evening, Mr. Chairman, members of the Community Redevelopment Agency governing board. Uh, back on March 31st, Miss Nadia, the city's budget officer,
sent you a copy of the community redevelopment agency uh, annual report for 2025. Uh that report outlines the establishment of Ovido community redevelopment area boundaries, board members, administration, redevelopment strategies. Also provides financial
information that in part uh our uh city's auditor will uh Pervis Gray uh the auditing firm will uh run down for you in just a few minutes. Uh lastly, it also provides goals and objectives in accordance with Florida statutes as well as coordinating accomplishments with
those goals and objectives. Uh so tonight, prior to the auditors uh um update on the state of the CRA financials, I'd like to provide with uh you all an update on some of the accomplishments that the CRA uh undertook in 2025.
Uh do you have the presentation, Annie? Thank you. Uh next slide, please. Um so uh we had several goals in uh several areas. So first multimodal connectivity. Uh we sort of had a dual uh goal here uh
with the uh award the and bid the uh Geneva Drive connector road now called Citizens Lane as well as the uh Salary Park uh pedestrian bridge uh Wood Street and uh Godwin Street uh sidewalks as
well as uh design of the West Franklin Street extension to 90 90% plans. So, uh, those projects, just to give you a bit of an update as to what the CRA accomplished in that year, uh, the, uh,
citizens lane is underway and obviously right now we are nearing completion, uh, which is scheduled for, uh, July of 2026. Uh, the pedestrian bridge for all intents and purposes is also, uh, complete, but will not open until uh,
Citizens Lane is completed. Godwin Street was completed. uh in February 2025. Wood Street was completed in September of 2025. Uh Franklin Street as well as you know uh we just approved a BA uh that will uh bring us to full design once that uh work is complete.
Next slide please. So water and wastewater we uh uh the goal was to award and bid construction of lift station 7. That was another aspect of the citizens lane project and also to uh design and bid uh for portable water uh
work along uh with nursable water main along nursery street. Uh next slide. Uh so nursery street was uh completed in November of 2025. Uh and uh final completion was signed off for uh back on November 21st. I believe uh lift station
7 was completed back uh in April of this month. Uh I think it still has uh a slight D inspection done but uh for all intents and purposes that project is complete as well. Uh next slide please. For storm water our goal was to award uh
bid and commence uh construction of Salori Park uh pond improvements. uh that uh project um will not be uh completed until uh expected October time frame of this year. Next slide please.
Uh so uh again next slide. Uh public art uh three goals were listed in the uh report. We had design and construction of the wings of joy display in Siler Park. uh commission called artists for a second mural at Center Lake Park and commission for a call to artist for a
sculpture located in the plaza adjacent to Ovito Boulevard across from Centerlane. So those three projects uh next slide please. Uh the wings of joy uh for a quick update that has been fabricated. Uh the printing of the uh photography is still being finalized
with the artist. Uh expected uh on April 27th, the uh artist and the uh installation company uh and staff will meet on site to confirm uh the wings location. Uh installation of the wings is anticipated by the third quarter of
uh this year, maybe into the early fourth quarter. Uh other projects that are still in development are the called artist mural. Um the second round of submitts as you're aware of uh are received. Uh we've received 17 of them.
Uh the evaluation is expected in May. And then the sculptures um uh were evaluated the April 15, 2026 public arts board and a recommendation uh will be on the May 18th city council
meeting. Um first uh lastly, I'd like to thank uh all the staff that participated in preparing the report and all the CIA CRA projects. Our finance director, >> can you talk a little more in the microphone? I can. Is that better? >> Much better. Thank you. >> Uh I'd like to thank all the staff that
participates in uh fun in taking care of the work of the CRA, our finance department, uh Nadia Toddora, budget officer who prepared the report. Uh Kelly Jones, assistant finance director, Jerry B, finance director, public works, Paul uh year, Alexis Stewart, and Bobby
Wyatt among others. Uh development services, Teresa, Deborah and Dalia, who participate with the public arts board. and uh I like to call him executive director ammeritus, Mr. Brian Cobb for all the good work uh and inspiration he
provided uh in this to me. So uh with that I'll answer any questions and thank you very much. >> Does anyone have any questions for Mr. Kelly? I don't have any questions, but I have an unrelated good news sort of a thing to share, and that is that the Ovito Preservation Project uh was inspired by
the name Citizens Way and is actively working on completing an application to the state's historical commission to install a historical marker uh somewhere along this area explaining why it's called Citizens Way and the importance of Citizens Bank.
>> Okay, anyone else? All right, hearing no one else, we're going to move on to the next item. Kelly, >> good morning. Uh, Mr. or Good afternoon, Mr. Chairman, member, the mayor, and members of the CRA board. Um, what you have tonight in front of you is the
financial statements and the independent auditor's report as of September 30th of 2025. And I'm going to spend just a few minutes to go over the results of the CRI. Next one. So this slide tells the the financial components that are within
your reports. If you want a really good overview of the uh results of the CRA and the activities throughout the year, uh if you read the management's discussion and analysis, it's a really good brief overview of what's contained in the report. Next slide.
So just some quick statistics for the CRA. So it was established back in 2010 um and it has a um its increment value of 69 million back then. Um for the four years that followed the value of the CRA actually dropped slightly. So it wasn't
until 2015 that the city was able to collect the first revenues from the CRA. for the year ended um 2425 the value of the CRA was um just over $359 million which is a increase over the base value
of $289 million and that generated uh 1.56 million for the CRA in 2425. Next slide. So just a quick overview of your cash balances. So you can see that the cash
in the CRA has steadily increased over almost the past 10 years and the majority of that is because the money has been set aside for specific projects. We've been trying to accumulate the cash to complete those. So that was mostly uh the Geneva Drive connector road and also for Franklin
Street. Um it did go down ever so slightly in 2425 and that's because the funding is starting to get paid on the Geneva Drive connector road. Next slide. Um again here you can see your revenue and expenses by year. So you can see
that really sharp increase in expenses last year. And again uh the majority of that close to 2 million of that re of the expenditures were related to the Geneva Drive extension projects. And again the CRA fund balance it it
follows the same trend as your cash does. So it's it's increased significantly over the years. And then in 2425, you will see that slight increase and that's because the expenditures were paid on certain projects last year.
And lastly, um what we want to look at is Florida statute does require that at the end of the fiscal year, all of your projects must be appropriated to certain projects. So what we just make sure is at the end of 2425 any funding that's available gets
carried forward into the new year and assigned to a specific project. And this just shows that majority of the carry forwards were done. Um and then we had to tweak it a little in December for some extra revenues or expenses that happened after the carry forward. So
we're just showing that we are in compliance with that statute. And that's really all for the CRA. Are there any questions? >> Anyone have any questions? >> So I think Helen is going to give a
brief overview on the auditors for the CRA. >> Good afternoon. Helen Painter, Pervis Grain Company. Uh Kelly did a wonderful job doing an overview of the CRA and we thank the board for having us present the audit today. You know, uh there was
a lot of um good points that were brought out. uh that happened this year. And so our purpose as an auditor is to give an opinion on the financial statements. If you could turn the next page. Uh and so what we are saying is that uh what everything that was
described here was also performed. And so we go behind management after they prepare the financial statements and we vouch invoices. We do preliminary analytical review procedures and we make sure that the um what was supposed to
happen in the CRA actually did happen and uh we found no issues, no internal control problems with that. Uh next slide. uh the CRA, you know, the state of Florida is um really wants special districts to act like special districts
and they are particularly looking at community development uh agencies and they want to make sure that they are performing as they're supposed to be performing and there's a lot of transparency, a lot of diff additional compliance work that we have to do to look at it and we found no issues with
it. Um, we're happy to say that, um, you were not over, you did not overspend your budget. And the biggest item that uh, I noticed in the CRA, I believe it's on the next particular slide, you'll see there, uh, and of course, Kelly had some
very good financial highlights here. So you'll see there on the third set of blocks the expenditures for the CRA. There was over two million in expenditures on the Geneva Drive project and there was approximately60,000
in administrative costs. And so there's very little administrative costs that are going on. And of course that's the $55,000 transfer over to the general fund for the time spent. I know that a few years ago you uh pretty much eliminated the outsource executive director position
and uh saved the CRA quite a bit of money. So it's operating very efficiently. Uh so there was uh no new accounting policy changes. Uh there were no adjustments to the accounting records. We had no disagreements with management and no difficulties in performing the
audit. So we're required to communicate to the board and we're happy to say that we had no issues. And I believe that that concludes our presentation. And again, we'd like to thank your finance department for the help that they gave us uh during the audit process for the CRA.
>> Does anyone have any questions? Okay, hearing none, just one last thing. So, uh Mr. Kelly, it's it notes here that we have another meeting uh May 28th, but do you see that we need that meeting at this point? >> Not at this time, Mr. Chairman.
>> Okay. Do you expect we're going to need a meeting in June? Not at this time, Mr. Chairman. >> Okay. So, given that, if if everyone doesn't mind, uh we expect to have the the uh well, I keep saying connected
road, but Citizens Lane complete in July and we might not meet before that. So given that the road is named after a bank and we have as a member of our uh CRA board and executive of many years,
how many years, Mr. Slatterie? >> 25. >> 25 years. I think it's only appropriate if everyone agrees that the lead at any ribbon cutting ceremony be Mr. Slatterie. Is everyone okay with that? >> All right. Does anyone have any further comment before we adjourn about anything?
>> Well, this speech has to be short. You can't talk forever. Can't can't be in banker mode, you know. >> I'd be honored to. >> Okay. Wonderful. Anyone have any anything else to add? >> Okay. With that, the meeting is adjourned. Thank you everybody.
>> Thank you. >> You're a man of many words. You You didn't send a record this tablet, >> Megan.