[00:00:34]
>> >> OKAY MOVE ON TO ANY ADDITIONS OR DELETIONS TO THE AGENDA?
[Additions and/or Deletions to Agenda]
>> OKAY. SEEING NONE. APPROVAL OF MINUTES FOR JULY
[Approval of Minutes]
13TH, 2020, THOSE WERE PROVIDED. SO NO ONE HAD COMMENTS ON THOSE. >> NO COMMENTS.
I WOULD MAKE A MOTION TO APPROVE THE MINUTES. >> SECOND THE MOTION.
>> IF ANYBODY IS VOTING OR MAKING COMMENTS BY TELEPHONE OR WHATEVER, THEY NEED TO IDENTIFY
THEMSELVES FOR PURPOSES OF THIS. >> OKAY. I WILL CALL ON THEM EACH TIME WE
NEED TO VOTE, THEN. >> JEFF? >> HI.
>> HI. >> HI. >> MINUTES APPROVED FOR JULY
[Treasurer’s Report]
13TH 2020. MOVING ON TO TREASURE'S REPORT. I PRESENT FINANCIAL STATEMENTS FOR EVERYONE WITH YOU IN ADDITION HEADS UP TO THE NEXT MEETING.I WILL BRING PROPOSE BUDGETED AMENDED BUDGET FOR THE 2020 FISCAL YEAR AND THE BUDGET FOR THE 2019-2020 YEAR. MY ONLY QUESTION RIGHT NOW I THINK WE MIGHT GET TO IT LATER ON IN THE MEETING, WITH TE COUNTY FUNDS THAT WE'RE EXPENDED ON HOW I WILL TREAT THAT IN RELATION TO THE TIMING AND NATURE, IF THEY WILL BE REFUNDED OR NOT.
OTHER THAN THAT AMENDED BUDGET SHALL LOOK SIMILAR. WE MAY HAVE TO DO ANOTHER AMENDED BUDGET IN OCTOBER POTENTIALLY DEPENDING ON HOW OUR BOND CLOSINGS OCCUR.
WE DON'T ACHIEVE REVENUE UNTIL THE BONDS ARE CLOSED. IF THEY CLOSE ON 29TH OF SEPTEMBER KA WOULD BE REVENUE TO AUTHORITY. MEETING -- THERE MIGHT BE A LITTLE BIT OF MOVE TLMENT. -- MOVEMENT THERE. I NOTICED ON THE AGENDA FOR ELECTION OF OFFICERS WE DO AUGUST OR SEPTEMBER MEETING. EITHER ONE.
>> I DO HAVE ONE CHECK TO OUR FIRM FOR $441. >> THANK YOU.
>> I WILL OPEN THE FLOOR UP. I WILL MAKE A MOTION TO APPROVE. >> I WILL SECOND THE MOTION.
>> HI. >> FINANCIALS HAVE BEEN APPROVED.
[Update on St. Johns County Grant Programs]
MOVING ON TO NEW BUSINESS. NEXT ITEM ON THE AGENDA UPDATE ON ST. JOHNS COUNTY GRANTPROGRAMS. >> >> WE HAVE WITH US TODAY TARA MEEKS. SHE'S THE COASTAL DEVELOPMENT DIRECTOR.
SHE WILL PROVIDE AN UPDATE ON THE NEXT PHASE OF OUR GRANT PROGRAM.
>> GOOD AFTERNOON. >> I'M DIRECTOR OF TOURISM AND DEVELOPMENT COUNCIL.
I'M LOOKING AT THE BACK TO BUSINESS GRANTS WITH THE CARES ACT MONEY GOING FORWARD.
WE WITH ARE IN THE PROCESS. FLORIDA COUNTY COMMISSIONER HAS AWARDED 10 MILLION TO THE BACK TO BUSINESS PROGRAM. AND WHAT WE DECIDED TO DO IS TO FULLY FUND TO THIS INCREASE THE FUNDING OF BACK TO BUSINESS PHASE ONE PROGRAM. SO A COUPLE OF MONTHS AGO THE COUNTY ENROLLED PHASE ONE PROGRAM THAT WAS FUNDED WITH BLOCK GRANT FUNDS.
WE HAVE ABOUT 304 APPLICATIONS WE'RE WORKING THROUGH TO MAKE SURE THE APPLICATIONS QUALIFY.
BUT WE PUT ABOUT 2.6 MILLION TOWARD THAT PROGRAM. TO BRING THE TOTAL AWARDS UP TO AN ESTIMATED 3.2 MILLION. AND WE'LL BE ABLE TO FULLY FUND ALL QUALIFYING APPLICATIONS THAT WERE ACCEPTED AS PART OF THAT PROGRAM. THAT'S EXCITING.
THAT'S GREAT. AND THEN AS KIND OF COMPLIMENT TO THAT PROGRAM RULED OUT SEVERAL MONTHS AGO WE BACK TO BUSINESS PHASE TWO GRANT PROGRAM.
AND WE ARE GOING TO ALLOCATE THE REMAINING BALANCE FOR THIS 7 MILLION OR SO DOLLARS TO THAT
[00:05:03]
PROGRAM. AND THAT WILL BE A TIERED SYSTEM BASED ON NUMBER OF EMPLOYEES.WE ANTICIPATE TO ROLL THE PROGRAM OUT TO COMMUNITY HERE IN THE COMING WEEKS.
AND THAT WILL BE ABLE TO HOPE HOPEFULLY EXPEDITIOUSLY GET THAT MONEY AS OUT QUICK AS WE CAN. THAT WILL 45 DAYS AFTER THE PROGRAM START.
CERTAINLY AS QUICKLY AS WE CAN. WE STILL HAVE MONEY GOING OUT ON DAILY BASIS.
WE HOPE TO GET THE SECOND FACE UP AND GOING REAL SOON. >> HAPPY TO TAKE ANY QUESTIONS.
>> I KNOW THE BACK TO BUSINESS PROGRAM IS SEPARATE THAN IDA. THE GRANT PROGRAM.
AND LAST MEETING WE TALKED ABOUT SOME POTENTIAL PROPOSALS FROM THE COUNTY.
JUST CURIOUS WHERE WE WERE WITH THAT. THAT WILL BE ADDRESSED BY JOY.
>> GOOD AFTERNOON. JOY ANDREWS DEPUTY COUNTY. HOW ARE YOU DOING.
JUST WANTED TO ADDRESS THE BALLANCE TO THE EMERGENCY ASSISTANCE GRANT.
WE APPRECIATE OBVIOUSLY THE GRANT OF 250,000 TO THE COUNTY TO GIVE US THE ABILITY TO BE ABLE TO DISBURSE THOSE FUNDS SO EARLY ON. APRIL AND EXPEDITIOUSLY TO THE BY REALLY MUCH IN NEED. WE I THINK JENNIFER GAVE A PRETTY GOOD BRIEF UPDATE ON THE STATUS OF THOSE GRANTS. WE DISBURSED 170,000 WHICHES 34 BUSINESSES EACH RECEIVED $5,000.
AND WE HAVE BALANCE OF 80,000. AT THIS TIME I THINK WE'RE PREPARED TO REFUND RETURN THE FUNDS OF 80,000 IMMEDIATELY TO THE IDA IF THIS IS DESIRE OF THE BOARD AND THE I TEND TO USE THE CARES ACT FUNDING TO REIMBURSE THE IDA FOR REMAINDER OF 170,000 BECAUSE IT'S ELIGIBLE IF YOU SPEND FUNDS THAT IS RELATED TO THE COVID RELIEF, AND IT'S NOT BUDGETED, PRIOR TO MARCH, 2020.
IT ELIGIBLE USE OF CARES ACT FUNDING. THE BOARD EAST PART OF THAT PLAN HAS AGREED WE WILL REIMBURSE 250,000 BACK TO IDA BOARD. I THINK WE JUST WERE PREPARED.
I DON'T THINK WE NEED TO WAIT UNTIL SEPTEMBER TO CREATE AN ACCOUNTING COMPLICATION ON THAT.
I DO ON THAT NOTE WANTED TO SHARE A LITTLE BIT OF INITIATIVE THAT WE'RE DOING.
IT'S UNRELATED TO THIS GRANT FUNDING FROM IDA. BUT I THINK MAYBE POTENTIALLY IN THE FUTURE HAS SOME PARTICIPATION OR PARTICIPATORY OPPORTUNITY FOR THIS BOARD AND SOMETHING FOR YOUR AWARENESS. THE BOARD HAS APPROVED THE STAFF TO PURSUE $200,000 ECONOMIC DEVELOPMENT RECOVERY GRANT AND THAT IS MORE IN THE PLANNING GRANT.
IT IS RELATED TO THE COVID. HOWEVER IT'S ALSO STEMMED FROM A NEED FOR THE COUNTY AS A WHOLE TO LOCK AT OUR LONG-TERM VISION IN TERMS OF ECONOMIC DEVELOPMENT AND ECONOMIC RECOVERY FOR A SHORT-TERM AND LONG-TERM. THE GRANT APPLICATION THAT WE MADE THE LARGER 160,000 WE MADE.
THAT'S A PART OF A CARES ACT ALLOCATION AS WELL. WE KIND OF PURSUED FROM THE AND IT REQUIRES THAT 20% OF THE MATCH AND WE PURSUED A LOCAL GRANT FOR $40,000 TO MATCH THE 80% OF THE ENTIRE STRATEGIC PLANNING GRANT. OF COURSE THERE'S NO GUARANTEE OF NEITHER OF THESE GRAND TO BE WE THINK THAT STAFF PERSPECTIVE THE IMPORTANCE OF LONG-TERM VISION FOR THE FAMILY TO LOOK AT OUR TARGETED INDUSTRY AND LOOKING ECONOMIC DEVELOPMENT AND RECOVERY, AND LEARN FROM THE LESSON THAT WE ARE LEARNING NOW EVERY DAY.
FROM THIS PANDEMIC, SO THERE MIGHT BE SOME OPPORTUNITIES THAT WILL COME BACK TO IDA IF THERE'S RESOURCE SUFFICIENCY OR EXPANSION OF THIS STRIKE PLANNING THAT BOARD WOULD LIKE TO PARTICIPATE IN. EITHER FROM FINANCIAL RESOURCE OR FROM INTELLECTUAL RESOURCE.
JUST WANTED TO GIVE YOU AN UPDATE ON THAT ONE. >> THANK YOU.
>> THANK YOU VERY MUCH. >> I KNOW THAT'S SOMETHING THAT WE'VE BEEN OVER THE LAST COUPLE OF YEAR LOOKING FOR AND ASKING FOR OPPORTUNITIES WHERE WE CAN HELP PARTICIPATE OR BRIDGE SOME
[00:10:07]
GAPS IN OUR ROLES. I THINK WE WELCOME THE OPPORTUNITY TO HEAR WHAT ISGOING ON. WE MAY BE ABLE TO PARTICIPATE. >> AND I DON'T KNOW WHEN THE RIGHT TIMING WOULD BE IF THERE WAS ANY WAY TO SHARE MATERIAL AROUND THE PLANNING PROCESS WHATEVER YOU ARE LOOKING TO GIVE US CHANCE TO START PUTTING OUR HEADS ON AROUND THE EXPENDITURES SO WE HAVE BETTER IDEA IF AND WHEN THE NEED FOR SUPPORT COMES. WE WELCOME ANY LITERATURE.
ANYONE YOU PROVIDE AT THE RIGHT TIME. >> JEFF, DID YOU HAVE ANY
COMMENTS? >> I DO NOT. THANK YOU.
[Update on Recent Bond Issuances]
>> MOVING ON TO UPDATE ON RECENT BOND ISSUANCES. I THINK THOUGHT IT WOULD BE GOOD FOR US TO KNOW WHERE THOSE BONDS ARE. AS ONCE THEY MOVE FROM THE IDA
WE WANT THEM TO BE -- >> BEST CLOSINGS ARE ANTICIPATED TO BE IN SEPTEMBER.
THE CLOSING ON PRESBYTERIAN RETIREMENT COMMUNITIES WILL BE IN EARLY SEPTEMBER.
THE FLAGLER HOSPITAL WILL BE LATER ON IN THE MONTH. WHAT THERE IS ONE THING THAT I WOULD JUST FOR INFORMATIONAL PURPOSES DO ANY OF THE MEMBERS OF THE AUTHORITY WANT A PHYSICAL COPY OF THE PRELIMINARY, PRELIMINARY REPORT THAT CIRCULATED TO INVESTORS RIGHT NOW. THEY HAVE A PRICE OR SIZED THE BONDS BUT THAT'S EXPECTED TO BE DONE IN THE NEXT COUPLE OF WEEKS. AND EVERYTHING IS ON SCHEDULE.
AND THEY WERE BUSY WORKING YESTERDAY OTHERWISE I WOULDN'T HAVE KNOWN THEY WERE BUSY WORKING YESTERDAY. ACCEPT THAT THE E-MAILS WERE FLYING BACK AND FORTH YESTERDAY
ON COMMENTS RELATED TO THE VARIOUS DOCUMENTS ON BOTH SIDES. >> NO HARD COPY FOR ME, THANKS.
>> I THINK DIGITAL WOULD BE -- >> WE'LL HAVE DIGITAL COPIES. NEVERTHELESS IF YOU WANT A PHYSICAL ONE. PRINTER OBVIOUSLY E-MAILED TODAY FROM THE PRINTERS, THAT WE HAD
TO BY WEDNESDAY. FLUCH >> YOU WILL NEAT ONE OF US TO SIGN AND SOME POINT IN CLOSING ZMCHLT THE DATE OF WHERE THE DOCUMENTS ON BOTH SIDES WILL BE READY FOR EXECUTION AS NOT IF THE SET IT WILL BE BEFORE THE END OF THE MONTH AS FAR AS AS FAR AS PRESBYTERIAN IS CONCERNED. BUT I WILL MAKE SURE THAT JENNIFER KNOWS WHEN THE THOSE WILL BE AVAILABLE AND WE'LL MAKE ARRANGEMENTS HOPEFULLY FOR SIGNATURE HERE RATHER THAN NECESSARY FOR TWO OF YOU TO GO TO JACKSONVILLE.
YOU NEED TO KNOW WHEN AND WHERE THOSE WILL BE. >> THANK YOU.
>> ANY QUESTIONS JEFF ON THAT? >> NO. THANK YOU.
>> WHERE IS THE UPDATE, JEFF? >> I WILL MOVE ON TO THE UPCOMING ELECTION OF OFFICERS.
[Upcoming Election of Officers]
I KNOW TYPICALLY THAT TAKES PLACE -- HENRY YOU MENTIONED SEPTEMBER.BUT FOR SOME REASON WAS THINKING OCTOBER. >> WE HAD IT AUGUST AND
SEPTEMBER. >> OKAY. I KNOW THERE'S TWO -- I BELIEVE
THE HEARING SEPTEMBER 30TH. >> I BELIEVE YOU NEED TO VOTE BEFORE THEN.
>> I THINK ONE YEAR WE HAD TWO ELECTIONS. ONE PERSON GOT ELECTED TO A POSITION ACTUALLY DIDN'T GET REAPPOINTED. THAT WAS THIS YEAR.
THAT WAS LAST FALL. >> YEAH. >> AS JEFF KNOW TATED THE CHAIR AND SECRETARY OR ASSISTANT SECRETARY WOULD NEED TO EXECUTE THE DOCUMENTS.
IF THOSE POSITIONS CHANGE I THINK THEY WOULD HAVE TO BE KNOWN; RIGHT, JEFF?
[00:15:01]
>> YES. >> THERE WILL BE CERTIFIED DOCUMENTS AND SIGNATURE SO WE NEED TO KNOW WHO IS SIGNING IT. THEY MAY VERY WELL BE THAT SINCE THE SEPTEMBER MEETING WILL BE AFTER ONE BOND CLOSING AND BEFORE ANOTHER IT MAY BE A CHANGE IN THE TWO SETS OF
DOCUMENTS. THAT WAS WITH THE CHANGES. >> HISTORICALLY WHAT WE'VE DONE.
I'M NOT SURE IF YOU ARE AWARE OF THIS. WE'LL GET A LIST OF APPLICATIONS FOR VACANCIES. THERE'S TWO VACANCIES. MY TERM IS UP.
AND JOSEPH'S TERM IS UP. I DON'T KNOW IF YOU MADE A POSITION IF YOU WILL SEEK ANOTHER TERM. I HAVE NOT. BUT ONCE THE APPLICATION IS ONLY WE WOULD HAVE TO APPLY AS WELL AND THEN ANYONE ELSE WITH THE PUBLIC ONCE POSTED WOULD BE ABLE TO APPLY. THEN WE RECEIVE THE APPLICATION AND MAKE A RECOMMENDATION TO BOARD OF COUNTY COMMISSIONER. THEY ULTIMATELY MAKE THE DECISION AND APPOINT THE POSITIONS. EITHER REAPPOINT OR APPOINT NEW. I DON'T BELIEVE THAT THE
APPLICATIONS HAVE OPENED YET. >> THEY HAVE OPENED. >> AND THEY WILL BE OPEN FOR FOUR WEEKS. APPLICATION DEADLINE IS SEPTEMBER 7TH.
THEY WILL HAVE ALL OF THE APPLICATIONS LIKE YOU MENTIONED. >> SO THEY JUST OPENED?
>> UH-HUH. >> JUST FOR YOUR INFORMATION IF NO ONE APPOINTED BY THE TIME THAT THE SIGNATURES ARE REQUIRED OR TERM IS EXPIRED. YOU CONTINUE UNTIL
>> A SUCCESSOR IS ELECTED OR APPOINTED. >> BY THE TIME WE NEED.
WE WILL HOPEFULLY CLOSE. >> I HAVE TO CHECK THE SCHEDULE TO SEE HOW IT FALLS.
>> YEAH. THAT WOULD BE SOMETHING TO CONSIDER.
OKAY. COMMISSIONER SMITH SAID THAT YOU DO THAT ON THE 14TH, THEY WILL BE ABLE TO TAKE THAT UP ON THE 5TH. THANK YOU.
>> WE WOULD MAKE A RECOMMENDATION ON THE 14TH OF SEPTEMBER AND ELECTION OF OFFICERS WE WOULD NEED TO HAVE AT THAT MEETING AS WELL. BECAUSE IF THE FISCAL YEAR ENDS
IN SEPTEMBER. >> WELL, WE HAVE TO SEE WHAT HAPPENS.
>> YEAH. I WANT TO TALK THROUGH THIS. BECAUSE LIKE LAST YEAR WE MADE SOME RECOMMENDATION AND YOU KNOW THERE WAS NOT A REAPPOINTMENT. THEN WE HAD TO HAVE ANOTHER ELECTION OF OFFICERS. THAT MIGHT BE SOMETHING WE CONSIDER DEPENDING ON THE TIMING. YOU MAY WANT TO OFFICERS IN OCTOBER.
>> IF THAT HAPPENS, NO PROBLEMS. >> AND WITH THE BONDS TWO BONDS CLOSING SEPTEMBER.
THANK YOU. >> I WILL MOVE ON TO IDA MEMBER REPORTS.
[Reports]
JEFF DO YOU HAVE ANYTHING? >> I DO NOT, THANK YOU. JOSEPH?
>> I WOULD SIMPLY ASK I KNOW HENRY MENTIONED THE QUESTION ABOUT REFUNDING.
I DON'T KNOW IF JOY SHARED ANSWERS THE QUESTION OR WHAT WAS SHARED ABOUT IS THAT RESOLVED? IT SOUNDS LIKE THEY'VE APPROVED REFUNDING THE FULL 250. IS THAT UNDO WHAT IS DONE.
AND WE DON'T HAVE APPROVE ANOTHER BUDGET? >> RIGHT.
I'M GOING TO -- FOR THE BUDGET I'M GO -- IN THE BOOKS OF NEXT MONTH YOU WILL SEE APPROVAL OF RECEIVAL OF $250,000. I WILL SHOW IT AS EITHER NEGATIVE EXPENSE PRODUCING CRACK ACTUAL SERVICE OR AS REVENUE. I WILL DETERMINE THAT. OR JUST REIMBURSEMENT.
BASED ON WHAT SHE SAID I WILL ADD IT. AND NOT HAVE TO WORRY ABOUT
[00:20:02]
>> THE ONLY THING I WOULD ADD IS JUST LIKE THE CHAIRMANS SUGGESTING WE'VE ALWAYS SAID HELP US KNOW WHAT OPPORTUNITIES EXIST. IT WAS -- I THINK A DEVINE IDEA ON VIV'S PART TO DIRECT THAT 250 WHEN WE DID NOT KNOWING THE CARES ACT MONEY WOULD COME FROM THE FEDERAL GOVERNMENT. FOR ME, ANYWAY, IT'S REINFORCED THE IDEA THAT WE HAVE BUCKET OF MONEY SITTING THERE NOT DOING ANYTHING. WE AS MEMBERS OF IDA GET RESPONSIBLE TO USE THE FUNDS OF FURTHERANCE OF THE COUNTY'S OBJECTIVE AND JUST CONTINUE TO ASK THE COUNTY WHOEVER THE RIGHT PEOPLE ARE FROM THE COMMISSION ALL THE WAY DOWN.
I KNOW CATHY IS NOT HERE TODAY REPRESENTING THE CHAMBER. BUT WE OFTEN REQUESTED THE SAME FROM THE CHAMBER IDEAS AND CREATIVE WAYS THAT WE CAN HELP SUPPORT ECONOMIC DEVELOPMENT INITIATIVES. IT'S GREAT FOR THE FUNDS TO BE ROLLING BACK AND YOU KNOW LET'S GO FIND ANOTHER WAY TO USE THOSE RESOURCES TO MAKE ST. JOHNS COUNTY EVERYTHING WE WANT IT TO DO. THAT'S THE GOAL. JUST THROW THAT OUT THERE.
>> YOU KNOW JUST TAG ON TO THAT. WE HAVE ANOTHER TWO BOND ISSUANCES AS WELL.
DEFINITELY, WE CAN DO THE SUPPORT COUNTY. THAT'S IT FOR ME.
>> HENRY, DO YOU HAVE ANYTHING ELSE? >> NO I DO NOT.
I WILL SAY ONE LAST THING. THE BOND ISSUE THAT YOU APPROVED UP TO 240 MILLION.
I'M NOT SURE WHAT THE FINAL NUMBERS IS GOING TO BE. I THINK IT WOULD BE AS LOW AS 90 AND AS HIGH AS 240. JEFF MAY BE ABLE TO OPINE ON THAT.
>> WE'LL BE FINANCING SOME OF THE STUFF IN FLAGLER COUNTY. NEW CAMPUS THEY ARE BUILDING IN FLAGLER COUNTY. I KNOW SOME OF IT WAS THE TAKE DOWN.
NEW PROJECTS AND POSSIBLY TO REFINANCE OLD. THAT COULD BE $150,000 SWING.
YOU HAVE 180,000 COMING FROM THE BRC DEAL AND ANYWHERE FROM 90 TO 240 TO FLAGLER.
ADDITIONAL 250 YOU HAVE REALM OF 500,000 MINIMUM IN THE BANK HERE BY MID OCTOBER.
>> THANK YOU. JENNIFER, DO YOU HAVE ANYTHING I WANTED TO MENTION THE NEXT IDA MEETING IS OUR NORMAL DATE BUT IT'S 11:00 A.M. THE REMAIN MEETING AFTER SEPTEMBER WE HAVE
AUDITORIUM SCHEDULED AT THE NORMAL TIME. >> THANK YOU.
>> COMMISSIONER? YEAH. SO ALL I HAD IS APPRECIATE THE COMMENTS. I DO BELIEVE IT WAS JUST THROUGH COLLABORATION WITH THE COMMISSION AND STAFF, THROUGH EVERYONE WILLINGNESS HERE TO ACT QUICKLY THAT ALLOWED US TO GET INVOLVED WHEN THE TIME WE NEEDED TO. REALLY COLLABORATIVE EFFORT AND WE APPRECIATE EVERYONE'S WORK ON THAT. AND WHAT WE'RE TRYING TO DO
HERE. >> WITH THAT, I WILL MAKE A MOTION TO ADJOURN.
>>
* This transcript was compiled from uncorrected Closed Captioning.