We ready, clerk? Okay. Calling the Oido Community Redevelopment Governing Board to order. It's Monday, April 21, 2025 at 6 PM. If uh everyone's here, if nobody
objects, can we move the financial statement item to the beginning so those folks can present and and move on? Any objection? No, but we got to be here at 6:30 anyway. So, them
come on up. Do the presentation. Oh, okay. Um, good evening, Mr. Chairman, mayor, and members of the CRA board. Um, tonight I'm going to present to you the results of the the CRA's financial statement and independent auditors report uh for the year ended September 30th of
2024. Um, this is just a brief overview of the components within the financial statements. Um, if you're looking for a really good overview of the results for the CRA for last fiscal year, the MDNA, which is the management's discussion and analysis, is a good section to read to
really help you understand how the CRA operated last year. Uh, next, so just quick statistics on the CRA. So, if you recall, the CRA was formed back in 2010. um at which point the increment value of the CRA or the
base value of the CRA was just over $69.5 million. Um in 2015 is when we actually began collecting revenues in the CRA and that was the point at which the value of the CRA exceeded that base
value. So for fiscal year 20 or for cal tax year 2023 which was the fiscal year 2324 the value within this area was $340 million which was an increment of $271
million from the base year and that uh increment value generated $1.38 million last year. Next. So the as you so these are the cash balances for the CRA um
since 201617. As you can see they they appear to be growing significantly. But if you look so for last fiscal year 23 24 uh we had close to $4.5 million in cash at the end of the fiscal year. Now, the reason for that is because of that amount, 4 million is encumbered to the
Geneva Drive 434 connector road project um and has not been spent yet. So once that project gets into construction phase, you know, that money will come down a little. The remaining half a million is tied to various other projects within the CRA at this point. Um
next, so revenues and expenses by year. So last fiscal year, the CRA generated just about $1.6 million in revenue. Of those amounts, um 725,000 was contributed from the
city, $661,000 was contributed from the county, and the CRA generated $220,000 in interest last year on their cash balances. The expenses uh were just about
$200,000 and again those appear really low because we have a lot of money encumbered to the Geneva Jive project which those funds have not been spent yet. So you will see expenditures in future years. Fund balance um kind of ties with
your cash balances. So right now again that's quite large right about $4.5 million. Um but again once the project starts spending um cash you will see that come down as well. So Florida statute just know
Florida statute 163 387 does require that the CRA at the end of the fiscal year there's various options the CRA has with the funds it has available. Um one of which is that any funds in the CRA at the end of the year just have to be appropriated to a future project. Um so
as you can see at the end of um fiscal year 232 24 that amount was just over $4.5 million. We did bring you forward carry forwards on November 18th that took 4.48 million um brought it forward into the new fiscal year and then we did
chew that up um February 17th because there was a little bit extra funding that we did receive at the end of last year. So all of the money at the end of fiscal year 2024 has been appropriated to projects in the current fiscal
year. And that is really all we have. Okay, if we can move on to the auditor's report. Good evening, chair and city um board of directors for the uh city of Ovido Community Redevelopment Agency. I'm
Helen Painter with Pervvis Grand Company and with me is Matt Gano. He's your audit director. So we're you had a great overview of the CRA for the year. Uh just a couple things that we our what our purpose is is to give an opinion on
the financial statement. So of course the CRA is uh we they use fund accounting. so that all of the funds of the CRA are kept and not co-mingled with the city. So that's something uh important that we wanted to point out that you have that money separate
because that taxing money that comes in can only be spent on the CRA. And so we that's what our audit procedures are. We make sure that you're in compliance with the Florida statute that you're only spending the money on areas in your CRA and that they are appropriate for the
CRA. Now the reason why you have the separate report for the CRA is because uh our auditor general and the state legislature are uh very concerned that CRAAS are not operating uh within their intent but we have to do an additional
compliance audit with the CRA uh and including uh what Miss Jones just went through with fund balance. You know making sure that you're just not haphazardly having it there not doing anything. So you know you have your big projects that are going on with the CRA. Uh, also there's new disclosures that
were required this year with the auditor general regarding the PACE program. So, we have information in there. Uh, you're also required to send the budget to Semino County uh, 30 days after adoption and that was properly done. So, we test for expenditures to make sure that the
money tax and revenues coming in uh, agree to the tax rule and that you're only spending the money on the CRA. So, we had no issues or findings that we need to report to you all today. and I'm happy to answer any questions that you might have. There any
questions? Okay. Thank you so very much. You're welcome. Thank you. All right. Uh now we can move back to approval of minutes. Is there a motion? Make a motion to approve the minutes from February 17th, 2025 regular session. Is there a second?
Second. Okay. There's a motion and a second. Uh any discussion on this? No. Okay. Calling the vote. All those in favor say I. I. Any opposed? None opposed. Motion passes. Uh, is there anyone in the audience that would like to speak to the
CRA? Hearing none, we're moving on to our resolution. Mr. Cobb. Uh, thank you, Mr. Chairman. Tonight, the um the the board is asked to establish goals and objectives for fiscal year
2425. Uh, Annie, if you could pull up that for me. In the 2024 uh legislative session, there was a bill that was adopted that amended section, it created section 189-0694. And basically, it said that
beginning October 1st of 2024 and or by the end of the first fiscal year if a new CRA was created that each CRA would have to create goals and objectives for each program undertaken as well as performance measures uh to determine if those goals um were being achieved. And
then we're supposed to create a report by December 1st of each year. Uh and that where we would discuss how we achieved those goals or did not achieve those goals is what it says. Uh we've been working on creating goals and objectives based on the CRA's work
program and budget. Uh we've uh if you could Annie, if you could go down to the next page, please. Yes. Thank you. There we go. If you could blow it up just a little bit. bigger. See if you can do that. Perfect. Yeah. Well, not
that far. That's a little too big. Yeah. Anyway, we came up with four basic goals uh for the CRA. Uh improving mobility, connect multimotal connectivity, improving water and wastewater utilities, improving storm water management, and then promoting public art. And this is all once again
based on work program and budget for this fiscal year. Uh, as far as multimotal connectivity, connectivity, looking at uh the Geneva State Rock 434 to Geneva Drive connector road, awarding the bid, commencing construction. I'm happy to report construction has
commenced. Uh, awarding the bid and commencing construction of the Solar Park pedestrian bridge. Connect constructing the final gap of the Wood Street uh uh sidewalk project. There is one small gap that uh basically crosses a driveway that has landscaping in it
right now. That's the final piece and it's it's been designed and so we're ready to we'll be moving forward with that very shortly. And then advancing the design of the West Franklin Street extension to 90% plans. Right now, if you remember your last update, you were at 60% plans and we're moving this to
90% plans. Uh improving the wastewater uh water and wastewater utilities. Once again, as part of the Geneva Drive to uh uh State Route 434 connector road, one of the things that's involved is uh replacing the lift station 7. Uh also
designing and awarding the bid for portable water main that we've got programmed on Nursery Street. Uh and then as far as the storm water is concerned, there are some things that need to be done around Cbury Park, especially around the burm that's that um that separates the pond from the
creek. There's some little small areas that need to be improved. Uh it's already been designed, so we just need to to put the bid out and then commence construction. And then as far as public art, we do have funds for public art in the CRA. One is of course designing and construction constructing the Wings of
Joy, which will be at Solar Park. It's in design right now. Uh and then we have two recommended calls for call to artists. One is a second mural at uh at Center Lake Park. It's there by the boat house. And then as far also a call to
artist for a sculpture to be placed in the plaza that is directly AC on the east side of of Ovita Boulevard directly across from Centerlike Lane. It's right there across from the city's parking lot. Uh those are the the very these are the goals and objectives to get us
through September 30th of 2025. Uh what our plan is is that each year when we adopt the budget, we will include the goals and objectives based on the budget in the work program as an exhibit within that resolution. So that we will begin a process of every August, September when
we adopt the budget, we'll adopt the goals and objectives for the next fiscal year and then it'll start the process. Uh this one this caught us off guard a little bit with the uh with the legislature. And so we're bringing these to you at midy year to take us through through the next 6 months, but then when
we adopt the budget for next fiscal year, the goals and objectives for that fiscal year will be included with it. Uh it's recommended that the uh board adopt resolution number 163-25. There any questions for Mr. Cobb before we take action? Okay. Looking for um
action here. Anyone have a motion? I'll make a motion to approve resolution number 163-25, fiscal year 2024-2025, goals and objectives. Second. There's a motion and a second. Any discussion? Hearing none, I'll call the vote. All those in favor say I. I. None
opposed. Okay. So, we've got I think all that's left is we've got a meeting. I have to put on my glasses to figure that out. May 19th. May 19th. Mr. Cobb, do you know if we have items to discuss on that date? I believe we will.
Okay. All right. So, I'll see everyone May 19th. And with that, if there's nothing new, Mr. Chairman. Yes, sir. Can you update me on where the lift station is right now? Have we started that project? It's uh it's part of the it's part of the
Geneva Drive to uh uh 434 Connector Road. I believe that they've started the clearing. Last time I was out there, they were doing the clearing. It's all done. The clearing is done. Just don't see any movement on the lift station. Yeah, the lift station itself hasn't started construction. Right now, we're
in the process of doing shop drawings. So, our uh design consultant, Krillo, is in the midst of of reviewing various shop drawings. So, there's a whole slew of shop drawings that the contractor has just released over the last couple weeks. Do you think that's going to slow the road construction down at all? Not
at all. Okay. No, we're on we're on track. We're on schedule. I think it was it was actually built into it because I believe we have to get the old one out of the ground so that we can start the construction on the new on the Yeah, the contractors put put together a schedule and the schedule includes time for
reviews and and the you know the whole kitten kaboodleoodle for it. So yeah, we're on track. We're on schedule. Good. Anybody else? I love that you use the word kitten kaboodleoodle. Outstanding. We did it just for you. That's southern. Is that a technical term? It is very technical. All right. Anyone else got
any questions? I have I have another question maybe for Brian or our paid lobbyist. Are we at the end of this session? Are we going to pretty much be stopped from ever borrowing money for projects in the future? That's what I
read and see. It's it will depend a lot on what happens on that bill. And I've hearing I'm hearing that uh from from our lobbyists that there are a lot of changes being made. Mhm. And uh so we're we're still trying to get a handle on exactly what it looks like right now.
And uh there are a lot of um there are a number of things in that bill that uh that make you say, "Okay, we may not be able to do any type of financing. uh we may not be able to uh create a new
project or even extend the CRA past its that yeah that's one that's also a big concern especially with um knowing that the bill's hanging out there that we can't really go approach the county until after we see what till the you
know the death settles with it and uh so but uh yeah we're we're just we're we're tracking it as and trying to make that anytime anybody asks we're we're asking them not to not to approve it. So So next meeting we should know what the
legislaturator is going to put in in the law or at least we should know. Yes. Good. Maybe you can have our lobbyist here to explain it to us. Okay. Well, it's pretty straightforward. Either we're going to be able to do it or we're not. No, there's a lot to this.
There really is. You just saw the beginning of it today. So there's a lot that I would like explained if possible. Anyone else?
With that, we're adjourned. Thank you.