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03/12/2019 (2)
BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY FLORIDA COMMISSION AGENDA TUESDAY, MARCH 12, 2019 - 9:00 AM Commission Chambers Indian River County Administration Complex 1801 27th Street, Building A Vero Beach, Florida, 32960-3388 www.ircgov.com COUNTY COMMISSIONERS Bob Solari, Chairman, District 5 Susan Adams, Vice Chairman, District 1 Joseph E. Flescher, District 2 Peter D. O'Bryan, District 4 Tim Zorc, District 3 Jason E. Brown, County Administrator Dylan Reingold, County Attorney Jeffrey R. Smith, Clerk of the Circuit Court and Comptroller 1. CALL TO ORDER 2.A. A MOMENT OF SILENT REFLECTION FOR FIRST RESPONDERS 2.B. INVOCATION Reverend C. Michael York, First Presbyterian Church 3. PLEDGE OF ALLEGIANCE Commissioner Susan Adams, Vice Chairman 4. ADDITIONS/DELETIONS TO THE AGENDA / EMERGENCY ITEMS 5. PROCLAMATIONS and PRESENTATIONS 5.A. Presentation on 2019 Annual Golf Tournament Benefiting Veterans of Indian River County by Curtis Paulisin, Past First Vice President; Sergeant Vic Diaz, (Retired); and Sergeant Gary James, (Retired) Veterans Council of Indian River County Attachments: Annual Golf Tournament Letter Golf Tournament Flyer Golf Tournament Sponsorship Form Golf Tournament Registration Form 6. APPROVAL OF MINUTES 6.A. Regular Meeting of December 18, 2018 March 12, 2019 Page 1 of 5 6.B. Regular Meeting of January 8, 2019 6.C. Regular Meeting of January 15, 2019 7. INFORMATION ITEMS FROM STAFF OR COMMISSIONERS NOT REQUIRING BOARD ACTION 7.A. The Hospital District's Public Official Bonds for Marybeth Cunningham, Tracey L. Zudans, Michael Weiss, Allen N. Jones, and a Continuation Certificate for. Ann M. McCrystal has been received from Attorney Jennifer D. Peshke's Office. The Bonds are on File in the Office of the Clerk to the Board. 8. CONSENT AGENDA 8.A. Checks and Electronic Payments February 22, 2019 to February 28, 2019 Attachments: Finance Department Staff Report 8.B. Dori Slosberg Driver Education Safety Act - Indian River County Traffic Education Program Trust Fund Report - Cumulative Reporting through 12/31/18 Attachments: Finance Department Staff Report 8.C. Quarterly Tourist Development Tax Report for the Quarter Ending 12/31/18 Attachments: Finance Department Staff Report - Tourist Development Tax 8.D. Quarterly Investment Report for the Quarter Ending 12/31/18 Attachments: Finance Department Staff Report - Investment Committee 8.E. Quarterly OPEB Trust Report for the Quarter Ending 12/31/18 Attachments: Finance Department Staff Report - Investment Committee OPEB 8.F. Request for Board Authorization to Continue Affordable Housing Advisory Committee (AHAC) Meetings to Review Affordable Housing Issues and Make Recommendations to the Board Attachments: Staff Report Draft minutes from the 12/14/2018 BCC meeting Draft minutes from the 2/14/2019 AHAC meeting 8.G. Adrienne Dissis' Request for Release of a Portion of an Easement Reserved Over Abandoned Short Street Right -of -Way at 7775134th Street (Town of Wauregan Subdivision) Attachments: Staff Report Map Depicting Easement Proposed for Release County Resolution 2003-148 Proposed Resolution Releasing Easement March 12, 2019 Page 2 of 5 8.H. Purchase of Rollup Doors for Wastewater Plants Attachments: Staff Report Quote 1438581 - Central Facility Quote 1438561 - West Facility 8.I. Authorization to Increase Blanket Purchase Orders Attachments: Staff Report 8.J. Miscellaneous Budget Amendment 007 Attachments: Staff Report 2018 2019 Resolution Exhibit "A" 9. CONSTITUTIONAL OFFICERS and GOVERNMENTAL AGENCIES 9.A. Indian River County Property Appraiser Wesley Davis: Status Report and Funding Request for Audit Attachments: Memorandum Wesley Davis, Property Appraiser Draft Engagement letter - Property Appraiser 9.B. Indian River County Clerk of the Circuit Court and Comptroller Jeffrey R. Smith: Application for Citizen Member to the Value Adjustment Board Attachments: Citizen Member (Homesteaded) Appointment to the VAB-Kordiak Resignation Notice J Kordiak Application 3-5-19 IRC Biography 10. PUBLIC ITEMS A. PUBLIC HEARINGS B. PUBLIC'DISCUSSION ITEMS C. PUBLIC NOTICE ITEMS 11. COUNTY ADMINISTRATOR MATTERS 12. DEPARTMENTAL MATTERS A. Community Development B. Emergency Services C. General Services 1. Human Services 2. Sandridge Golf Club 3. Recreation March 12, 2019 Page 3 of 5 D. Human Resources E. Office of Management and Budget 12.E.1. Children's Services Funding Allocation for Fiscal Year 2019/2020 Attachments: Staff Report Children's Services Funding History Children's Services Meeting Minutes 2017 F. Public Works G. Utilities Services 13. COUNTY ATTORNEY MATTERS 14. COMMISSIONERS MATTERS A. Commissioner Bob Solari, Chairman B. Commissioner Susan Adams, Vice Chairman C. Commissioner Joseph E. Flescher D. Commissioner Peter D. O'Bryan E. Commissioner Tim Zorc Commissioners Open Dialogue Commissioners Open Dialogue Attachments: Informational Memorandum 15. SPECIAL DISTRICTS AND BOARDS A. Emergency Services District B. Solid Waste Disposal District C. Environmental Control Board 15.C.1. Approval of Minutes Meeting of May 8, 2018 15.C.2. Satisfaction and Release of Environmental Control Hearing Board Lien Attachments: Staff Report Release and Satisfaction- Dixon 15.C.3. Resolution Delegating Certain Authority to the Environmental Control Officer to Satisfy and Release Environmental Control Hearing Board Liens Attachments: Staff Report Resolution for Authorization to Satisfy and Release Liens 16. ADJOURNMENT March 12, 2019 Page 4 of 5 Except for those matters specifically exempted under the State Statute and Local Ordinance, the Board shall provide an opportunity for public comment prior to the undertaking by the Board of any action on the agenda, including those matters on the Consent Agenda. Public comment shall also be heard on any proposition which the Board is to take action which was either not on the Board agenda or distributed to the public prior to the commencement of the meeting. Anyone who may wish to appeal any decision which may be made at this meeting will need to ensure that a verbatim record of the proceedings is made which includes the testimony and evidence upon which the appeal will be based. Anyone who needs a special accommodation for this meeting may contact the County 's Americans with Disabilities Act (ADA) Coordinator at (772) 226-1223 at least 48 hours in advance of meeting. Anyone who needs special accommodation with a hearing aid for this meeting may contact the Board of County Commission Office at 772-226-1490 at least 20 hours in advance of the meeting. The full agenda is available on line at the Indian River County Website at www.ircgov.com The full agenda is also available for review in the Board of County Commission Office, the Indian River County Main Library, and the North County Library. Commission Meetings are broadcast live on Comcast Cable Channel 27 Rebroadcasts continuously with the following proposed schedule: Tuesday at 6:00 p.m. until Wednesday at 6:00 a.m., Wednesday at 9:00 a.m. until 5:00 p.m., Thursday at 1:00 p.m. through Friday Morning, and Saturday at 12:00 Noon to 5:00 p.m. March 12, 2019 Page 5 of 5 Dear Veteran Supporter, Sq ANNUAL GOLF TOURNAMENT BENEFITING VETERANS OF INDIAN RIVER COUNTY January 17, 2019 We are excited to announce that we are hosting our Annual Golf Tournament benefiting Veterans of Indian River County on Saturday, June 15th, 2019!! We need your support to help homeless veterans in Indian River County! This year's Tournament will be held at Sandridge Golf Course located at 5300 73rd Street, Vero Beach, Florida on Saturday, June 15, 2019. The event includes 18 holes of golf, golf cart, awards, and lunch for only $70.00.per golfer. One lucky golfer who lands the first hole -in -one on the 17th hole will WIN a BRAND-NEW CAR; a 2019 Hyundai compliments of Tommy Chranza of Route 60 Hyundai in support of this incredible event. Registration starts at 7:00 a.m. with a Shotgun start, scramble format at 8:00 a.m. This year's tournament proceeds will go toward locating and relocating homeless veterans and those in need of assistance. We expect a larger -than -ever turnout! Your sponsorship will help with this worthy cause. There are several levels of sponsorships detailed on the Sponsorship and Registration form. Sponsorships will cover the costs of the event and for housing our Indian River County veterans. If you are interested in playing in the Tournament and/or becoming a sponsor, please email the attached form to: snydermarvi2(a.'gmaii.com or in`o@vvircgolf.com If you have questions, please contact Mary at 772-567-2217 or the Vietnam Veterans Indian River County office at 772-794-0005. On behalf of the 20,000 Indian River County Veterans and their families we serve, we thank you for your consideration and support. Curtis A. Paulisin, Past 1st Vice President Vic Diaz Veterans Council of Indian River County Secretary, Vietna Chairman Co -Chairman Veterans of IRC 1 - • - •`....../..4,61‘ • ; a • 3 MIME' ' ,•••• *;.• . • ' Sandridge Golf Club 5300 73rd St., Vero Beach 7:00 am - Registration 8:00am Shotgun Start Forntat: Scramble 41, Lunch & Awards Immediately Following • • • • JUST • PER PERSON airy fee rmcimil - GREEN FEES, CART, LUNCH a AWARDS "."4 4:•:;‘)40.. - - nd - - 77.• • 41:;?ki,X: SPONSORSHIP R7720 VIETNAM VETERANS 567-2,217 OF INDIAN RIVER OR EMAIL INFO@VVIROGOLF COUNTY ISA 5�1[C)3 NON-PROFIT VETERANS IIIVING t:/-;,•• Date: Time: Place: VIETNAM VETERANS OF INDIAN RIFER COUNTY GOLF TOURNAMENT 2019 SPONSORSHIP FORM June 15, 2019 7am Registration, 8am Shotgun start — Scramble format Lunch and Awards immediately following Sandridge Golf Club, 5300 73rd St., Vero Beach, FL SPQr SORSH P IfWe would like to be a Sponsor: STARS & STRIPES Sponsor $5000 (includes 3 teams, large banner, 3 hole signs, identified in all publicity and media Interviews) Red Sponsor $2000 (includes 2 teams, large banner, 3 hole signs, identified in all publicity and media interviews) White Sponsor (includes 1 team, 2 hole Slue Sponsor (includes 2 golfers, 1 h signs, identified in press releases) le sign, identified in press releases) _ Hole Sponsor (includes 1 hole sign) ( Sponsor a Veteran golfer Gift Certificate for Business Name Narrie Telephone Email $1000 $500 $100 $70 in the amount of $ (or value) One lucky golfer that lands the first hole -in -one on the 17th hole will WIN a BRAND- NEW CAR; a 2019 Hyundai compliments of Tommy Chranza of Route 60 Hyundai Questions: Checks Payable:. Email Form to: Mail Check & Copy of Fa Contact 772-567-2217 V.V.I.R.C. (phone number MUST be on check) info©vvircaolf.com to: Vietnam Veterans of Indian River County 696 $th Court, Vero Beach FL 32962 Proceeds will Benefit Homeless Veterans of Indian River County 3 Date: Time: Place: Golf Tournament 2019 Benefiting Veterans of Indian River County REGISTRATION FORM June 15, 2019 7am Registration, 8am Shotgun start — Scramble format Lunch and Awards Immediately Following Sandridge Golf Club, 5300 73rd St., Vero Beach, FL Primary Name (Player 1) Telephone Email Team Member's First & Last Na es (ALL contact info for event notifications Player 2 Telephone Email Player 3 Telephone Email Player4 Telephone Email One lucky golfer that lands the first hole -in -one on the 17th hole will WIN a BRAND- NEW CAR; a 2019 Hyundai compliments of Tommy Chranza of Route 60 Hyundai Questions: Contact 772-567-2217 Checks Payable: V.V.I.R.C. (phone number MUST be on check) Email Fom to (preferred): info@vvircgolf.com Mail Check & Copy of Form to: Vietnam Veterans of Indian River County 696 8th Court, Vero Beach FL 32962 Proceeds will Benefit Homeless Veterans of Indian River Cour►ty 4 JEFFREY R. SMITH, CPA, CGFO, CGMA Clerk of Circuit Court & Comptroller Finance Department 1801 27th Street Vero Beach, FL 32960 TO: HONORABLE BOARD OF COUNTY COMMISSIONERS FROM: ELISSA NAGY, FINANCE DIRECTOR THRU: JEFFREY R. SMITH,. COMPTROLLER DATE: February 28, 2019 SUBJECT: APPROVAL OF CHECKS AND ELECTRONIC PAYMENTS February 22, 2019 to February 28, 2019 In compliance with Chapter 136.06, Florida Statutes, all checks and electronic payments issued by the Board of County Commissioners are to be recorded in the Board minutes. Approval is requested for the attached lists of checks and electronic payments, issued by the Comptroller's office, for the time period of February 22, 2019 to February 28, 2019. i 5 TRANS NBR 378479 378480 378481 3.78482 378483. 378484 378485 378486 378487 378488 378489 378490 378491 378492 378493 378494 378495 378496 378497 378498 378499 378500 378501 378502 378503 378504 378505 378506 378507 378508 378509 378510 378511 378512 378513 378514 378515 378516 378517 378518 378519 378520 378521 378522 378523 378524 378525 378526 378527 378528 378529 378530 378531 378532 378533 378534 378535 378536 DATE 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 CHECKS WRITTEN VENDOR PAUL CARONE WILLIE C REAGAN TREASURE COAST HOMELESS SERVICES LARRY STALEY PINNACLE GROVE LTD VERO CLUB PARTNERS LTD DAVID SPARKS THE PALMS AT VERO BEACH JOHN OLIVIERA ARTHURP.RUETT MICHAEL JAHOLKOWSKI LUCY B HENDRICKS ROBERT L BRACKETT SYLVESTER. MC INTOSH PAULA WHID.DON JAMES .W DAVIS NITA EZELL MISS INCOF THE TREASURE COAST DANIEL CORY MARTIN PAULA ROGERS & ASSOCIATES INC FIVE STAR PROPERTY HOLDING LLC MARK BAER VAL A.PTS LLC INDIANTOWN NON-PROFIT HOUSING INC AUGUSTUS B FORT JR H&H SHADOWBROOK LLC VERO BEACH PLACE LLC GNS REAL ESTATE HOLDINGS LLC COALITION FOR ATTAINABLE HOMES INC HELPING HANDS REAL ESTATE & INVESTMENT CO A.LIX DENAEAU JOHN K GERRATO 1 135 RENTALS LLC MCLAUGHLIN PROPERTIES LLC HOWARD R BRENNAN. NKW PIP HOLDINGS 1 LLC MAXIPLEX LLC RANDY BETHEL. WATSON REALTY GROUP KARL 'POKRANDT JEANNE E BIERMAN HUDSON CONSULTING & MANAGEMENT LLC PALMETTO PROPERTY MANAGEMENT CORP LUCIAN LEWIS HAM ID SILMANE NEWMANS POWER SYSTEMS GREENE INVESTMENT PARTNERSHIP LTD INDIAN RIVER COUNTY HEALTH DEPT VICTIM ASSISTANCE PROGRAM ROGER J NICOSIA CITY OF VERO.BEACH CITY OF VERO BEACH ST LUCIE COUNTY BOCC PORT CONSOLIDATED INC SSES INC TEN -8 FIRE EQUIPMENT INC RANGER CONSTRUCTION IND INC PERERS ENTERPRISES INC AMOUNT 3,494.00 1,951.00 2,400.00 593.00 3,482.00 2,489.00 1,407.00 662.00 856.00 756.00 547.00 807.00 515.00 365.00 553.00 372.00 609.00 1,528.00 3,602.00 660.00 830.00 1.975.00 818.00 670.00 641.00 563.00 2,036.00 1,082.00 4,710.00 3,136.00 750.00 818.00 778.00 750.00 556.00 2,889.00 1,846.00 751.00 1,558.00 747.00 663.00 552.00 935.00 856.00 750.00 5,588.00 3.893.23 58,022.25 5,746.83 1,500.00 2,169.15 11,787.50 37,863.91 800.12 187.30 442.31 795.91 14,495.85 1 TRANS NBR 378537 378538 378539 378540 378541 378542 378543 378544 378545 378546 378547 378548 378549 378550 378551 378552 378553 378554 378555 378556 378557 378558 378559 378560 378561 378562 378563 378564 378565 378566 378567 378568 378569 378570 378571 378572 378573 378574 378575 378576 378577 378578 378579 378580 378581 378582 378583 378584 378585 378586 378587 378588 378589 378590 378591 378592 378593 378594 378595 378596 DATE 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 VENDOR VELDE FORD INC AT&T WIRELESS GRAINGER REPUBLIC SERVICES INC MY RECEPTIONIST INC GAYLORD BROTHERS INC INDIAN'RIVER MEDICAL CENTER HBSINC AVERY DENNISON CORPORATION JIMMYS TREE SERVICE NATIONAL FIRE PROTECTION ASSOC BOUND TREE MEDICAL LLC PETES CONCRETE VERO INDUSTRIAL SUPPLY INC DIVE RESCUE INC EXPRESS REEL GRINDING INC TIRESOLES OF BROWARD INC CITY ELECTRIC SUPPLY CARTER ASSOCIATES INC DELL MARKETING LP BAKER & TAYLOR INC MIDWEST TAPE LLC CENGAGE LEARNING INC PALM TRUCK CENTERS INC FLORIDA ASSOCIATION OF COUNTIES INC COMMUNITY ASPHALT CORP CLERK OF CIRCUIT COURT INDIAN RIVER COUNTY HEALTH DEPT CITY OF VERO BEACH LANDIA INC FERGUSON ENTERPRISES INC LIVINGSTON PAGE TREASURE COAST HOMELESS SERVICES PUBLIX SUPERMARKETS INTERNATIONAL GOLF MAINTENANCE INC FEDERAL EXPRESS CORP FEDERAL EXPRESS CORP MUNICIPAL CODE CORPORATION GARY CONKLIN COMO OIL COMPANY OF FLORIDA CITY OF SEBASTIAN FLORIDA RECREATION & PARK ASSOC INC FLORIDA POWER AND LIGHT FLORIDA POWER AND LIGHT STATE ATTORNEY CITY OF FELLSMERE KENNETH CAMPBELL SENIOR WASTE MANAGEMENT INC STRUNK FUNERAL HOMES & CREMATORY MEDICARE PART B FINANCIAL SERVICES JASON E BROWN FLORIDA DEPT OF ENVIRONMENTAL PROTECTION TREASURE COAST SPORTS COMMISSION INC THE ROOF AUTHORITY IRC HEALTHY START COALITION INC FLORIDA STATE GOLF ASSOCIATION NOTARY PUBLIC UNDERWRITERS INC CENTRAL FLORIDA PRIMA UNITED HEALTH CARE INS COMPANY UNITED HEALTH CARE INS COMPANY AMOUNT 23.20 2,546.60 328.70 496,222.45 1,127.02 1,006.31 200.00 195.00 1,359.60 1,610.00 1.345.50 2.781.68 8,850.00 82.58 660.00 1,100.00 907.32 283.72 1,169.60 243.79 1,032.17 2,270.80 650.72 91.72 350.00 209,201.13 592.30 282.20 3,071.47 15.815.00 55,663.58 200.00 2,992.00 27.45 88,148.43 33.67 42.65 896.51 25.00 125.00 25,669.53 250.00 211,330.62 23,401.22 15,848.98 283.72 130.00 194,625.30 425.00 314.23 30.00 150.00 5,066.06 88,492.50 2,500.00 7,891.00 105.00 25.00 262.54 348.43 2 `TRANS NBR 378597 378598 378599 378600 378601 378602 378603 378604 378605 378606 378607 378608 378609 378610 378611 378612 378613 378614 378615 378616 378617 378618 378619 378620 378621 378622 378623 378624 378625 378626 378627 378628 378629 378630 378631 378632 378633 378634 378635 378636 378637 378638 378639 378640 378641 378642 378643 378644 378645 378646 378647 378648 378649 378650 378651 378652 378653 378654 378655 378656 DATE 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 0228/2019 02/28/2019 02/28/2019 0228/20/9 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 022820/9 02/28/2019 0228/20.19 0228/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/282019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 VENDOR UNITED HEALTH CARE INS COMPANY UNITED HEALTH CARE.INS COMPANY TRANSPORTATION CONTROL SYSTEMS ALAN C:KAUFFMANN GEICO ARNOLD AIR. CONDITONING INC INDIAN RIVER COUNTY HISTORICAL WESTSIDE REPROGRAPHICS OF VERO BEACH INC BLUE CROSS BLUE SHIELD :BLUE CROSS BLUE SHIELD INTERNATIONAL CODE COUNCIL INC HUMANA 'BARTH CONSTRUCTION 111 INC PERKINS COMPOUNDING PHARMACY RUSSELL PAYNE INC TRANE US INC CE:LICO PARTNERSHIP ELECTRONIC ACCESS SPECIALIST CH1ARELLA, ROBERT SYNAGRO-WWT INC BIG BROTHERS AND BIG SISTERS BIG BROTHERS AND BIG SISTERS DASIE BRI:DGEWATER HOPE CENTER INC SOUTH:ERN JANITOR SUPPLY INC J C RENTALS & INVESTMENTS INC GRAHAM, THOMAS E ROB.ERTS CONSTRUCTION OF IND RIV INC CENTRAL: PUMP & SUPPLY INC :ETR LLC STAPLES CONTRACT & COMMERCIAL INC W F .MCCAIN & ASSOCIATES INC ELIZABETH POWELL HEVER.ON GROUP INC GLOVER OIL COMPANY INC SEBASTIAN RIVER AREA CHAMBER OF COMMERCE THE SHORES RESORT & SPA WENDY SWINDELL TIMOTHY KING CAROLE J MADIGAN TI -IE RAWLINGS CO LLC ORCHID ISLAND PROPERTY MGMT 11 INC HORNE. BARRY & MAURINE PETER OBRYAN ARTUNA WERAGODA RICHARD MEC'KES JOHNNY B SMITH DANE MACDONALD CASCIO, SALVATORE J CHARLES A WALKER RICHARD BISHOP BRIAN FREEMAN GENEVA :13 TAYLOR TRADEWINDS POWER CORP BARBARA K. THOMAS NICOLACE MARKETING INC TOP DRAWER CABINETRY & CARPENTRY LLC WINSUPPLY OF VERO BEACH SANDY ARACENA FLORIDA MEDICAID G.HO HOMES CORPORATION AT%1OUNT 359.29 127.13 2,500.00 240.00 2,975.34 495.25 1993.75 140.00 80.:16 369.03 315.00 695.22 2,057.65 111.32 2,266.12 11,569.00 3,205.53 669.33 100.00 43,774.54 1,250.00 7,303.56 16,687 23 765.27 300.00 65.59 9,681.00 486.00 2,869.28 69.02 1,800.00 25.00 19,039.00 34,012.38 7,045.10 144.00 25.00 482.81 1,022.50 433.35 6,022.00 564.80 46.37 179.75 90.00 180.00 240.00 13.20 60.00 20.00 30.00 165.00 88,874.25 37.98 6,103.27 254.67 123.04 60.00 263.51 21,156.83 8 {TRANS NBR 378657 378658 378659 378660 378661 378662 378663 378664 378665 378666 378667 378668 378669 378670 378671. 378672 378673 378674 378675 378676 378677 378678 378679 378680 378681 378682 378683 378684 378685 378686 378687 378688 378689 378690 378691 378692 378693 378694 378695 378696 378697 378698 378699 378700 378701 378702 378703 378704 378705 378706 378707 378708 378709 378710 378711 378712 378713 378714 378715 378716 DATE 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 VENDOR MHC OPERATING LIMITED PARTNERSHIP KEITH GROCHOLL CLEAR VILLAGE INC T.IM ZORC ALTERATIONS BLESSED TAW ORLANDO SERVICE CENTER INC CLEAN SWEEP & VAC LLC REPROGRAPHIC SOLUTIONS INC LOWES HOME CENTERS .INC CARDINAL HEALTH 110 INC MUNICIPAL EMERGENCY SERV.IC.ES INC ATLANTIC ROOFING II OF VERO BEACH INC CARMEN LEWIS SCADA SOLUTIONS LLC PRS C E R SIGNATURE CLEANING DEBORAH CUEVAS ARROW INTERNATIONAL MICHAEL EDWARD HAMILTON SYLIVIA MILLER ANFIELD CONSULTING GROUP CNC ADAM HELTEMES JAMES MAUNEY ANDERSEN ANDRE CONSULTING ENGINEERS INC SCRIPPS NP OPERATING LLC SCRIPPS NP OPERATING LLC MOLINA HEALTHCARE MEDICAID JC CODE & CONSTRUCTION CONSULTANTS INC CATHEDRAL CORPORATION UNIFIRST CORPORATION JOHNSON-DAVIS INCORPORATED CDA SOLUTIONS INC SITEONE LANDSCAPE SUPPLY LLC GOTTA GO GREEN ENTERP.ISES INC EGP DOCUMENT SOLUTIONS LLC FLORIDA EAST COAST HOLDINGS CORP AC VETERINARY SPECIALTY SERVICES CO.LTON PARKER MAGELLAN COMPLETE .MEDICAID MATHESON TRI -GAS INC PEOPLE READY INC WILLIS SPORTS ASSOCIATION INC COLE AUTO SUPPLY INC BETH NOLAN THOMAS R PI:LIERO RELX INC AMERIGROUP FLORIDA INC MDK STUART RUBBER STAMP & SIGN CO INC STEWART MATERIALS LLC LINDA CAGGIANO BIKE..WALK INDIAN RIVER COUNTY INC REXEL USA INC MICHAEL MC LAUGHLIN CHANGE HEALTHCARE LLC STEPHEN STONE JOSEPH LORINO HANCOCK FARM & SEED CO INC ASURE SOFTWARE INC GN ASSOCIATES INC WILLIAM MCLAUGHLIN AMOUNT 450.50 60.00 1,150.00 26.70 91.00 5,228.00 6,206.00 24.30 4,968.85 310.54 2,379.90 62,635.39 243.00 700.00 463.37 850.00 100.00 2,215.50 300.00 308.00 17,000.00 156.75 2,300.00 1,314.00 1,027.50 2,972.66 190.86 920.40 16,500.00 1,825.52 280,357.11 5,040.04 502.62 109.26 1,595.00 12,411.19 390.84 160.00 74.06 3654.30 8,629.06 588.79 1,251.06 162.00 80.00 400.00 10.80 149.45 9,120.40 103.42 1,625.00 10,078.49 64.57 38.207.57 180.00 110.00 4,550.94 62 50.00 5.442.50 50.00 4 `TRANS NBR 378717 378718 378719 378720 378721 378722 378723 378724 378725 378726 378727 378728 378729 378730 378731 378732 378733 378734 378735 378736 378737 378738 378739 378740 378741 378742 378743 378744 Grand Total: DATE 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 VENDOR AMAZON CAPITAL. SERVICES INC NI CRITICAL TECHNOLOGIES INC HYDRO CONDUIT LLC VERONIQUE ORY STURIALE W&J CONSTRUCTION CORP TERRACON CONSULTANTS INC PIRATE PEST CONTROL LLC. AMERIGAS PROPANE LP LOUIS AGUDELO JOHN J DRISCOLL DAVID MIKE THE HOPE FOR FAMILIES CENTER INC JORDAN POWER EQUIPMENT CORP JAMES ROMANEK MICHAEL DUNLEAVY JOHN F RIGHTER THE CHURCH OF JESUS CHRIST OF LATTER-DAY MARGARET 1-1 CORNELIUS FRANCES HILMER MELISSA A STEWART LYNNE M BRENNEN ROBERT A ANGUEIRA GERRELL WILLIAMS ENERGIZED ELECTRIC LLC PHILIPPE ALEXANDER STANLEY L JENNINGS CHASE PARLOCH DIOGO LIRA AMOUNT 2,354.35 8,112.00 44,107.28 60.00 150,605.29 1,300.50 257.00 154.00 40.00 170.00 190.00 5,497.00 745.42 260.00 100.00 85.42 88.81 92.56 93.44 11,367.00 87.80 74.38 30.67 200.00 2,100.00 3,009.00 40.00 260.00 2,741,087.91 5 TRANS NBR 6578 6579 6580 6581 6582 6583 6584 6585 6586 6587 6588 6589 6590. 6591 6592 6593 6594 6595 6596 Grand Total: ELECTRONIC PAYMENTS - WIRE & ACH DATE 02/22/2019 02/22/2019 02/22/2019 02/22/2019 02/22/2019 02/22/2019 02/22/2019 02/22/2019 02/22/2019 02/22/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/25/2019 02/26/2019 02/26/2019 02/28/2019 VENDOR CDM SMITH INC CDM SMITH INC 112C FIRE FIGHTERS ASSOC TEAMSTERS LOCAL UNION #769 HUMANE SOCIETY VETERANS COUNCIL OF I R C TOWN OF INDIAN RIVER SHORES NATIONWIDE SOLUTIONS RETIREMENT INC NATIONWIDE SOLUTIONS RETIREMENT INC THALLE CONSTRUCTION CO INC U S BANK NATIONAL ASSOCIATION FL SDU I RS -PAYROLL TAXES SENIOR RESOURCE ASSOCIATION RUSSELL PAYNE INC THALLE CONSTRUCTION CO INC WHITNEY BANK IRC CHAMBER OF COMMERCE BANK OF NEW YORK AMOUNT 118,198.46 8,241.30 9,869.52 5,247.00 18,540.00 7,390.01 5,97530 51,315.75 4,934.79 289,753.20 1,148.532.30 5,692.25 423,765.67 196,650.00 85,688.62 1.006,766.53 34,641.75 10,248.12 338,000.00 3,769,450.57 1 TRANS. NBR 1014607 1014608 1014609 1014610 1014611 1014612 1014613 1014614 1014615 1014616 1014617 1014618 1014619 1014620 1014621 1014622 1014623 1014624 1014625 1014626 1014627 1014628 1014629 1014630 1014631 1014632 1014633 1014634 1014635 1014636 1014637 1014638 1014639 1014640 1014641 1014642 1014643 Grand Total: ELECTRONIC PAYMENT - VISA CARD DATE 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/27/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 02/28/2019 VENDOR OFFICE DEPOT BSD CUSTOMER SVC WASTE MANAGEMENT INC SUB AQUATICS INC INDIAN RIVER BATTERY INDIAN RIVER OXYGEN INC DEMCO INC APPLE INDUSTRIAL SUPPLY CO GALLS LLC ALLIED UNIVERSAL CORP IRRIGATION CONSULTANTS UNLIMITED INC GROVE WELDERS INC FIRST HOSPITAL LABORATORIES INC COMO OIL COMPANY OF FLORIDA COMPLETE ELECTRIC INC CONSOLIDATED ELECTRICAL DISTRIBUTORS INC ENVIRONMENTAL CONSERVATION LABORATORIES_ HYDRA SERVICE (S) INC WRIGHT FASTENER COMPANY LLC EFE INC AT&T COMCAST PARKS RENTAL & SALES INC 'ROBINSON EQUIPMENT COMPANY INC COPYCO INC NORTH SOUTH SUPPLY INC RING POWER CORPORATION MIKES GARAGE & WRECKER SERVICE INC MEEKS PLUMBING INC SOUTHERN COMPUTER WAREHOUSE INC HD SUPPLY FACILITIES MAINTENANCE LTD STRYKER. SALES CORP SHRIEVE CHEMICAL CO METRO FIRE PROTECTION SERVICES INC WACO FILTERS CORPORATION PROTRANSMASTERS 11 INC NEXAIR LLC PACE ANYALYTICAL LLC AMOUNT 1,994.05 7,505:09 796.15 963.70 125.75 2,336.13 91.95 46.15 2,491.99 246.35 14.23 774.00 193.11 142.50 370.66 IN 12,359.00 18,923:00 519.00 709.50 2,852.73 180.79 273.75 3,219.87 142.21 94.37 2,288.92 2,845.00 98.00 8,693.77 261.07 10,695.32 4,064.94 1,421.35 5,822.00 2,147.41 82.02 4,928.00 100,713.83 12 JEFFREY R. _SMITH, CPA, CGFO, CGMA Clerk of Circuit Court & Comptroller Finance Department 1801 27th Street Vero Beach, FL 32960 Telephone: (772) 226-1945 TO: Board of County Commissioners FROM: Elissa Nagy, Finance Director THROUGH: Jeffrey R. Smith, Clerk of the Circuit Court and Comptroller DATE: March 1, 2019 SUBJECT: Dori Slosberg Driver Education Safety Act Indian River County Traffic Education Program Trust Fund Report Cumulative Reporting Through 12/31/18 BACKGROUND On August 20, 2002, the Board of County Commissioners adopted Ordinance Number 2002-026 creating the Indian River County Traffic Education Program Trust Fund (our Fund 137). This ordinance authorized a $3 traffic ticket surcharge, which is collected by the Clerk of the Circuit Court. On September 19, 2006, the Board adopted Ordinance 2006-035 to repeal this fine. Subsequently on February 17, 2015, the Board elected to reinstate and increase the driver education fee to $5 under Ordinance Number 2015-003. The new fee was effective March 1, 2015 and is charged on each civil traffic penalty assessed in the County. As noted in the ordinance, these funds shall be used "to fund driver education programs in public and nonpublic schools". Attached to this memo is a report of the revenues and expenditures from the inception of the initial $3 fee (October 1, 2002) and includes the new $5 fee commencing in March 2015. As of December 31, 2018, the balance in the Fund is $93,638. The Clerk's office will continue to provide a quarterly report of the traffic education trust activity. RECOMMENDATION Staff recommends that the Board of County Commissioners accept the attached report. 13 REVENUES Fines and forfeitures Interest Total Revenues EXPENDITURES; Public Safety Total Expenditures Net change in fund balances. Fund balances at beginning of year Fund balances at end of year Indian River County, Florida Statement of Revenues, Expenditures and Changes in Fund Balances Traffic Education Program FY2003-2011 10/0112002- 9/30/2011 . 10/01/2011- FY2012 9/30/2012 10/01/2012- FY2013 9/30/2013 FY2014 10/01/2013- 9/30/2014 FY2016 10/01/2014- 9/30/2015 FY2016 10/01/2015= 9/30/2016 FY2017 10/01/2016- 9/30/2017 FY2018 10/01/2017- 9/30/2018 YTDFYI9 10/01/2018- 12/31/2018 Inception to Date Totals $ 187,719 S. 213 $'• 36. $ 15 $ 31,987 $ 64,510 $ 65,282 $ 59,237 $ 8,168 26,242 104 70 28 59 264 377 921 145 213,961 317 106 43 32,046 64,774 65,659 60,158 8;313 445,377 178,615 8,900 12,460 6,675 _6,230 60,000 34,450 44,409 - 178,615 8,900 12,460 6,675 6,230 60,000 34,450 .44,409 - 351,739 35,346 (8,583) (12,354) (6,632) 25,816; 4,774 31,209 15,749 8;313 - 35,346 26,763 14,409 7,777 33,593 38,367 69,576 85,325 35,346 26,763 14,409' 7,777 33,593 38,367 69,576 85;325 93,638 93,638' School.District of Indian River County St: Edwards School Total Disbursed to Date $ •228,919. $ 122,820 $ 351,739 14 JEFFREY R. SMITH, CPA, CGFO, CGIVIA Clerk of Circuit Court & Comptroller Internal Audit Division 2000 16`/' Avenue Vero Beach, FL 32960 Telephone: (772) 226-3280 TO: Board of County Commissioners FROM: Edward Halsey, Internal Audit Director THRU: Jeffrey R. Smith, Clerk of the Circuit Court and Comptroller DATE: February 20, 2019 SUBJECT: Quarterly Tourist Development Tax Report for Quarter Ending 12/31/2018 BACKGROUND Attached to this memorandum is the report of the tourist development tax monies collected in the Clerk's office for quarters ended December 31, 2017 and 2018. The report shows five categories of activity including short-term rentals. RECOMMENDATION Staff recommends that the Board of County Commissioners accept the attached Quarterly Tourist Development Tax Report. 15 Indian 'River County Tourist Development Tax Received by the Indian River County Clerk of the Circuit Court and Comptroller Quarters Ended December 31, 2017 and 2018 Quarter Quarter Ended % Ended % Increase % 12/31/2017 Of Total 12/31/2018 Of Total (Decrease) Change Short Term Rentals $ 140,662 20.85% S 195,503 26.79% * $ 54,841 38.99% * Hotel/ Motel 503,630 74.65% 507.113 69.50% ** $ 3,483 0.69%. ** Boarding/Apartments 9,701 1.44% 7.910 1.08% $ .(1,791) -18.46% Mobile Homes 6,560 0.97% 5.861 0.80% $ (699) -10.66% Timeshare 14,102 2.09% 13,245 1.83% $ (857) -6.08% $ 674.655 100.00% $ 729.632 100.00% $ 54,977 8.15% * The short term (residential) rentals in quarter ended 12/31/18 included $12,500 in audit proceeds from prior years. Without the audit proceeds: the quarter 12/31/18 revenues were $183,003 which is $42.341 or 30.1% higher than quarter 12/31/17 revenues. ** The hotel/motel revenues in quarter ended_ 12/31/18 included S59,568 in audit proceeds from priorycars. Without the audit proceeds, the quarter 12/31/18 rcvenues'were $447,545 which is $56,805 or 11.1 % lower than quarter 12/31/17 -revenues, The decrease in the quarter 12/31/18 revenues could possibly be explained by the red tide conditions. 16 JEFFREY R. SMITH, CPA, CGFO, CGMA Clerk of Circuit Court & Comptroller Finance Department 1801 27th Street Vero Beach, FL 32960 Telephone: (772) 226-1945 TO: Board of County Commissioners FROM: Elissa Nagy, Finance Director THRU: Jeffrey R. Smith, Clerk of the Circuit Court and Comptroller DATE: February 22, 2019 SUBJECT: Quarterly Investment Report for Quarter Ending 12/31/2018 BACKGROUND Attached to this memorandum is the composition of the investment portfolio and investment earnings for the first quarter of this fiscal year. This report was reviewed by our investment advisory committee on February 21, 2019. RECOMMENDATION Staff recommends that the Board of County Commissioners accept the attached Quarterly Investment Report. 17 JEFFREY R. SMITH, CPA, CGFO, CGMA Clerk of Circuit Court & Comptroller Finance Department 1801 27'x' Street Vero Beach, FL 32960 Telephone: (772) 226-1945 Indian River County Investment Advisory Committee Quarterly Investment Report October 1, 2018 through December 31, 2018 INVESTMENT POLICY In accordance with Section 218.415, Florida Statutes, the Board of County Commissioners adopted an Investment Policy to govern the investment of county funds by the Clerk of the Circuit Court. The Policy states the primary objectives of investment activities are to preserve capital and to provide sufficient liquidity to meet the cash flow needs of the county. Investment returns are secondary to the requirements for safety and liquidity. INVESTMENT ADVISORY COMMITTEE An Investment Advisory Committee meets quarterly to review the previous quarter's investment activities, evaluate current and future liquidity needs, and recommend investment strategies. The Committee consists of the County Administrator, or his designee, and a minimum of two qualified citizens with investment or financial management expertise. Kristin Daniels, Budget Director, is the County Administrator's designee. The individuals with investment expertise who have agreed to serve are: David W. Griffis, Founding Principal Vero Beach Global Advisors, Ted Libby, Senior Portfolio Manager with Cypress Capital Group; and Andy Beindorf, Market President of National Bank of Commerce. Also present at the meetings are the Clerk of the Circuit Court, Finance Director, and Internal Audit Director. AUTHORIZED INVESTMENTS As permitted by the Investment Policy, surplus funds were invested only in the following types of investments: Federal Farm Credit Banks bonds and discount notes (FFCB), Federal Home Loan Banks bonds and discount notes (FHLB), Federal Home Loan Mortgage Corporation bonds and discount notes (FHLMC), Federal National Mortgage Association bonds and discount notes (FNMA), Treasury Notes and Bills, Other intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act as provided in F.S. 163.01, Certificates of Deposit (CDs), Money Market Funds, and Repurchase Agreements. BOND PROCEEDS INVESTMENT The current water and sewer bond reserve is placed with Bank of New York/Mellon and is currently invested in treasury notes. QUARTERLY AVERAGE YIELD The overall average yield for the quarter ended December 31, 2018 was 2.00%. The overall average yield for the quarter ended September 30, 2018 was 1.79%. 18 INVESTMENT ACTIVITY As of December 31, 2018, the investments portfolio book value was $444,268,101 with a market value of $444,559,294. Of the $444,268,101 portfolio total, $352,640,086 is restricted for the following purposes: $ 99,322,805 Special revenue projects $ 8,401,726 Debt payments for county bonds $ 78,008,044 Capital projects $ 163,742,065 Business -type activities $ 3,165,446 Escrow Funds $ 352,640,086 TOTAL RESTRICTED CASH BY FUND TYPE (PERCENTAGES) Special Escrow Revenue 1% 28% Business - Type 47% Capital Projects 22% Debt Service 2% The weighted average maturity of the treasury and agency investments as of December 31, 2018 is 13 months. Yields on the individual investments ranged from 0.75% to 3.10%. Information on investment activity, total cash flows, interest earnings, and charts providing additional information regarding the investment of surplus funds such as the portfolio composition and maturity distribution are attached. The attached schedules list the portfolio composition and activity for the quarter ending December 31, 2018: Schedule 1 Schedule 2 Schedule 3 Schedule 4 Schedule 5 Schedule 6 Schedule 7 Schedule 8 Portfolio sorted by type of debt instrument Portfolio sorted by maturity date Portfolio by maturity date bar graph Portfolio by type pie chart Investment purchases, calls and maturities for the quarter Summary of cash flows and balances by month Interest earnings summary Allocation of investments by fund types (unrestricted and restricted balances) 19 Schedule 1 Indian River County, Florida Board of County Commissioners Investments By Type December 31, 2018 12/31/18 Coupon/ Purchase Maturity Years To Yield To Original Portfolio Investment Type CUSIP Yield Date Date Maturity MaturityPar Amount Book Value FFCB Callable 3133EGA96 1.070% 11/28/17 05/01/19 0.33 1.615% $ 2,000,000.00 $ 1,984,700.00 FFCB Callable 3133EHLU5 1.390% 06/05/17 06/05/19 0.43 1.390% $ 2,000,000.00 $ 2,000,000.00 FFCB Bullet 3133EH MR1 1.375% 06/12/17 06/12/19 0.45 1.375% $ 2,000,000.00 $ 2,000,000.00 FFCB Callable 3133EGJX4 1.08056 03/31/17 07/05/19 0.51 1.481% $ 2,000,000.00 $ 1,982,200.00 FFCB Bullet 3133EHUK7 1.400% 08/14/17 08/14/19 0.62 1.400% $ 2,000,000.00 $ 2,000,000.00 FFCB Callable 3133EGXK6 1.120% 12/21/17 10/11/19 0.78 1.946% $ 2,000,000.00 $ 1,970,800.00 FFCB Callable 3133EGA62 1.160% 11/30/17 11/01/19 0.84 1.866% $ 2,000,000.00 $ 1,973,500.00 FFCB Callable 3133EGJV8 1.200% 12/08/17 01/06/20 1.02 1.955% $ 2,000,000.00 $ 1,969,400.00 FFCB Callable 3133EHR70 1.740% 11/14/17 02/14/20 1.12 1.740% $ 2,000,000.00 $ 2,000,000.00 FFCB Callable 3133EGAE5 1.360% 12/21/17 02/18/20 1.13 1.991% $ 3,000,000.00 $ 2,960,160.00 FFCB Ca liable 3133EHLX2 1.500% 10/23/17 03/05/20 1.18 1.716% $ 2,000,000.00 $ 1,990,000.00 FFCB Callable 3133EHC50 1.680% 03/13/18 04/03/20 1.26 2.316% $ 2,000,000.00 $ 1,974,600.00 FFCB Callable 3133EHHA4 1.620% 05/16/18 04/27/20 1.32 2.670% $ 3,000,000.00 $ 2,940,600.00 FFCB Bullet 3133E1051 2.760% 12/03/18 05/05/20 1.35 2.815% $ 3,000,000.00 $ 2,997,660.00 FFCB Ca liable- 3133EHT78 1.830% 12/21/17 05/20/20 1.39 2.014% $ 3,000,000.00 $ 2,987,040.00 FFCB Callable 3133E1EK1 2.450% 03/01/18 06/01/20 1.42 2.450% $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 3133E1 MS5 2.625% 05/03/18 08/03/20 1.59 2.656% $ 3,000,000.00 $ 2,998,050.00 FFCB Callable 3133EHUE1 1.650% 03/19/18 08/10/20 1.61 2.372% $ 2,000,000.00 $ 1,966,600.00 FFCB Ca liable 3133EGVK8 1.350% 05/10/18 09/21/20 1.73 2.661% $ 3,000,000.00 $ 2,910,450.00 FFCB Callable 3133E1X1J4 1.370% 05/10/18 10/06/20 1.77 2.665% $ 3,000,000.00 $ 2,910,000.00 FFCB Callable 3133E1MX4 2.680% 05/10/18 11/02/20 1.84 2.701% $ 3,000,000.00 $ 2,998,500.00 FFCB Callable 3133EG F42 1.360% 05/10/18 11/09/20 1.86 2.655% $ 3,000,000.00 $ 2,906,700.00 $ 54,000,000.00 $ 53,420,960.00 12.10% FHLB Bullet 3130AAE46 1.250% 08/31/17 01/16/19 0.04 1.321% $ 2,000,000.00 $ 1,998,060.00 FHLB Bullet 3130ADNE8 1.875% 02/16/18 02/12/19 0.12 2.000% $ 3,000,000.00 $ 2,996,340.00 FHLB Bullet 3133782M2 1.500% 11/28/17 03/08/19 0.18 1.712% $ 2,000,000.00 $ 1,994,640.00 FHLB Callable 3130AAW79 - 1.350% 03/21/17 03/20/19 0.22 1.414% $ 3,000,000.00 $ 2,996,250.00 FHLB Discount 313384EC9 2.467% 11/15/18 04/09/19 0.27 2.467% $ 3,000,000.00 $ 2,970,879.18 FHLB Bullet 3130ABDX18 1.400% 05/24/17 05/24/19 0.39 1.425% $ 2,000,000.00 $ 1,999,000.00 FHLB Bullet 3130A8DB6 1.125% 03/08/17 06/21/19 0.47 1.467% $ 3,000,000.00 $ 2,976,999.00 FHLB Bullet 3130AB2G0 1.400% 03/31/17 06/27/19 0.49 1.416% $ 2,000,000.00 $ 1,999,312.00 FHLB Bullet 3130ABRS76 1.460% 07/12/17 07/12/19 0.53 1.460% $ 2,000,000.00 $ 2,000,000.00 FHLB - 1X Ca II 3130ABB21 1.375% 05/12/17 07/26/19 0.57 1.375% $ 2,000,000.00 $ 2,000,000.00 FHLB Discount 313384KD06 2.530% 11/29/18 08/08/19 0.60 2.576% $ 3,000,000.00 $ 2,946,870.00 FHLB Callable 3130ABWX0 1.500% 08/22/17 08/22/19 0.64 1.500% $ 2,000,000.00 $ 2,000,000.00 FHLB Discount 3133841F4 2.627% 11/15/18 09/03/19 0.67 2.627% $ 3,000,000.00 $ 2,937,950.01 FHLB Bullet 3130A9EP21 1.000% 05/10/17 09/26/19 0.74 1.436% $ 2,000,000.00 $ 1,979,660.00 FHLB Bullet 3130A9EP21 1.000% 05/11/17 09/26/19 0.74 1.435% $ 2,000,000.00 $ 1,979,750.00 FHLB Bullet 3130ABTD89 1.450% 07/18/17 10/18/19 0.80 1.450% $ 2,000,000.00 $ 2,000,000.00 FHLB Bullet 3130AA3R7 1.375% 06/30/17 11/15/19 0.87 1.433% $ 2,000,000.00 $ 1,997,300.00 FHLB Callable 3130ABCG9 1.600% 05/16/18 02/03/20 1.09 2.634% $ 3,000,000.00 $ 2,948,310.00 FHLB Bullet 313378177 1.875% 11/29/18 03/13/20 1.20 2.801% $. 3,000,000.00 $ 2,965,020.00 FHLB - 1X Call 3130ACN83 1.700% 11/21/17 05/15/20 1.37 1.869% $ 2,000,000.00 $ 1,991,800.00 FHLB Bullet 313383H U8 1.750% 03/23/18 06/12/20 1.45 2.399% $ 2,000,000.00 $ 1,972,080.00 FHLB Callable 3130ABNQ5 1.625% 12/08/17 06/26/20 1.49 1.907% $ 2,000,000.00 $ 1,986,000.00 FHLB Callable 3130ABNM4 1.640% 06/25/18 06/29/20 1.50 2.606% $ 3,000,000.00 $ 2,943,570.00 FHLB Callable 3130ABNV4 1.750% 03/15/18 07/31/20 1.58 2.419% $ 3,000,000.00 $ 2,954,790.00 FHLB Callable 3130ACTK0 1.875% 03/19/18 08/25/20 1.65 2.379% $ 3,000,000.00 $ 2,964,420.00 FHLB Bullet 3130A66T9 1.625% 12/12/18 09/11/20 1.70 2.792% $ 3,000,000.00 $ 2,940,660.00 FHLB Callable 3130ADSF0 2.500% 03/29/18 09/29/20 1.75 2.500% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AF4R5 3.000% 10/30/18 10/30/20 1.83 3.000% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130ADG30 2.300% 11/30/18 01/26/21 2.07 2.909% $ 3,000,000.00 $ 2,962,050.00 FHLB Callable 3130AFAR8 3.100% 11/05/18 05/05/21 2.35 3.100% $ 3,000,000.00 $ 3,000,000.00 $ 76,000,000.00 $ 75,401,710.19 17.08% FHLMC Callable 3134GAW26 1.400% 02/28/17 02/25/19 0.15 1.400% $ 2,000,000.00 $ 2,000,000.00 FHLMC Discount 313396DU4 2.392% 11/15/18 04/01/19 0.25 2.392% $ 3,000,000.00 $ 2,972,942.49 FHLMC Bullet 3137EAOZ99 1.125% 03/08/17 04/15/19 0.29 1.422% $ 3,000,000.00 $ 2,981,619.00 FHLMC- 1X Call 3134GBEG3 1.410% 04/26/17 04/26/19 0.32 1.410% $ 2,000,000.00 $ 2,000,000.00 FHLMC Callable 3134GAXB5 1.125% 08/29/17 05/28/19 0.41 1.343% $ 2,000,000.00 $ 1,992,500.00 FHLMC Bullet 3137EADG1 1.750% 12/06/17 05/30/19 0.41 1.789% $ 3,000,000.00 $ 2,998,290.00 FHLMC Bullet 3137EAEB13 0.875% 03/31/17 07/19/19 0.55 1.394% $ 2,000,000.00 $ 1,976,578.00 FHLMC Bullet 3137EADK2 1.250% 03/30/17 08/01/19 0.58 1.403% $ 3,000,000.00 $ 2,989,560.00 FHLMC Callable 3134GA7A65 1.500% 05/11/17 09/09/19 0.69 1.500% $ 2,000,000.00 $ 2,000,000.00 FHLMC Bullet 3137EADM8 1.250% 05/04/17 10/02/19 0.75 1.451% $ 3,000,000.00 $ 2,985,780.00 FHLMC Callable 3134GBEB4 1.700% 11/21/17 03/27/20 1.24 1.776% $ 2,000,000.00 $ 1,977,300.00 FHLMC Bullet 3137EAEF2 1.375% 11/21/17 04/20/20 1.30 1.858% $ 2,000,000.00 $ 1,996,500.00 FHLMC Bullet 3137EAEM7 2.500% 12/10/18 04/23/20 1.31 2.724% $ 3,000,000.00 "$ 2,990,970.00 FHLMC Callable 3134G BQ88 1.750% 10/30/17 04/30/20 1.33 1.750% $ 2,000,000.00 $ 2,000,000.00 FHLMC Callable 3134G BXV9 1.850% 12/12/18 07/13/20 1.53 2.823% $ 3,000,000.00 $ 2,955,000.00 FHLMC Callable 3134GBD25 1.700% 11/30/18 08/28/20 1.66 2.81796 $ 3,000,000.00 $ 2,943,300.00 FHLMC Callable 3134GSXS9 2.750% 09/28/18 9/28/2020 1.75 2.750% $ 3,000,000.00 $ 3,000,000.00 FHLMC Bullet 3137EADR7 1.375% 11/21/17 5/1/2020 1.33 1.823% $ 2,000,000.00 $ 1,978,660.00 FHLMC Bullet 3137EAEL9 2.375% 09/21/18 02/16/21 2.13 2.873% $ 3,000,000.00 $ 2,965,500.00 FHLMC Callable 3134151R0 3.000% 10/23/18 04/23/21 2.31 3.000% $ 3,000,000.00 $ 3,000,000.00 $ 51,000,000.00 $ 50,704,499.49 11.49% FNMA Bullet 313516463 1.375% 12/06/17 01/28/19 0.08 1.699% $ 3,000,000.00 $ 2,989,020.00 FNMA Bullet 3135100A4 1.875% 02/16/18 02/19/19 0.14 2.016% $ 3,000,000.00 $ 2,995,800.00 FNMA Bullet 3136G1GV56 1.250% 06/05/17 03/25/19 0.23 1.304% $ 2,000,000.00 $ 1,998,070.00 FNMA Bullet 313510P490 1.000% 05/05/17 08/28/19 0.66 1.442% $ 2,000,000.00 $ 1,979,946.00 FNMA Callable 313510P56 1.250% 11/30/17 09/20/19 0.72 1.842% $ 2,000,000.00 $ 1,979,060.00 FNMA Bullet 313510839 1.000% 06/30/17 10/24/19 0.81 1.425% $ 2,000,000.00 $ 1,980,694.00 1 oft 20 Schedule 1 Indian River County, Florida Board of County Commissioners Investments By Type December 31, 2018 12/31/18 Coupon/ Purchase Maturity Years To Yield To Original Portfolio Investment Type CUSIP Yield Date Date Maturity Maturity Par Amount Book Value % FNMA Bullet 313500A78 1.625% 12/08/17 01/21/20 1.06 1.862% $ 3,000,000.00 $ 2,985,270.00 FNMA Bullet 313560729 1.500% 10/23/17 02/28/20 1.16 1.688% $ 2,000,000.00 $ 1,991,360.00 FNMA Callable 3136G4LQ4 1.750% 12/08/17 05/28/20 1.41 1.875% $ 3,000,000.00 $ 2,991,000.00 FNMA Callable 3136G3UR4 1.380% 03/23/18 06/30/20 1.50 2.443% $ 3,000,000.00 $ 2,929,950.00 FNMA Bullet 313560760 1.500% 03/15/18 07/30/20 1.58 2.351% $ 3,000,000.00 $ 2,941,350.00 FNMA Callable 313693656 1.450% 04/30/18 09/15/20 1.71 2.610% $ 3,000,000.00 $ 2,920,320.00 FNMA Bullet 313560120 1.375% 12/10/18 02/26/21 2.16 2.761% $ 3,000,000.00 $ 2,911,377.00 FNMA Bullet 313590U27 2.500% 11/29/18 04/13/21 2.28 2.919% $ 3,000,000.00 $ _ 2,971,350.00 $ 37,000,000.00 $ . 36,564,567.00 8.28% Treasury Note 912828N63 1.125% 03/27/18 01/15/19 0.04 2.045% $ 2,000,000.00 $ 1,985,390.00 Treasury Note 912828V56 1.125% 03/28/18 01/31/19 0.08 2.061% $ 3,000,000.00 $ 2,976,562.50 Treasury Note 912828P53 0.750% 03/27/18 02/15/19 0.13 2.064% $ 2,000,000.00 $ 1,976,952.00 Treasury Note 912828SH4 1.375% 03/28/18 02/28/19 0.16 2.078% $ 3,000,000.00 $ 2,980,779.00 Treasury Note 912828P95 1.000% 03/28/18 03/15/19 0.20 2.102% $ 3,000,000.00 $ 2,968,593.00 Treasury Note 912828W97 1.250% 09/14/17 03/31/19 0.25 1.332% $ 2,000,000.00 $ 1,997,500.00 Treasury Note 912828578 1.250% 03/28/18 04/30/19 0.33 2.123% $ 3,000,000.00 $ 2,971,875.00 Treasury Note 912828R44 0.875% 08/29/17 05/15/19 0.37 1.273% $ 2,000,000.00 $ 1,986,562.50 Treasury Note 912828SX9 1.125% 05/03/18 05/31/19 0.41 2.30614 $ 3,000,000.00 $ 2,962,500.00 Treasury Note 912828TC4 1.000% 09/14/17 06/30/19 0.50 1.33654 $ 3,000,000.00 $ 2,982,187.50 Treasury Note 912828WS5 1.625% 11/30/17 06/30/19 0.50 1.728% $ 3,000,000.00 $ 2,995,200.00 Treasury Note 91828282K5 1.375% 12/01/17 07/31/19 0.58 1.817% $ 3,000,000.00 $ 2,978,906.25 Treasury Note 912828080 1.625% 11/30/17 08/31/19 0.67 1.752% $ 3,000,000.00 $ 2,993,437.50 Treasury Note 912828F39 1.750% 05/03/18 09/30/19 0.75 2.412% $ 3,000,000.00 $ 2,972,619.00 Treasury Note 912828F62 1.500% 12/12/17 10/31/19 0.83 1.797% $ 3,000,000.00 $ 2,983,560.00 Treasury Note 912828V31 1.375% 12/18/17 01/15/20 1.04 1.845% $ 3,000,000.00 $ 2,971,406.25 Treasury Note 912828357 2.000% 05/03/18 01/31/20 1.08 2.459% $ 3,000,000.00 $ 2,976,562.50 Treasury Note 912828W22 1.375% 07/06/18 02/15/20 1.13 2.497% $ 3,000,000.00 $ 2,947,148.44 Treasury Note 912828W63 1.625% 12/12/17 03/15/20 1.21 1.845% $ 3,000,000.00 $ 2,985,420.00 Treasury Note 912828UV0 1.125% 07/06/18 03/31/20 1.25 2.513% $ 3,000,000.00 $ 2,929,687.50 Treasury Note 912828X21 1.500% 12/12/17 04/15/20 1.29 1.857% $ 3,000,000.00 $ 2,975,580.00 Treasury Note 912828VF4 1.375% 07/06/18 05/31/20 1.42 2.535% $ 3,000,000.00 $ 2,935,781.25 Treasury Note 912828XY1 2.500% 12/07/18 06/30/20 1.50 2.745% $ 3,000,000.00 $ 2,988,750.00 Treasury Note 912828218 1.500% 08/14/18 07/15/20 1.54 2.604% $ 3,000,000.00 $ 2,938,359.00 Treasury Note 912828XM7 1.625% 08/14/18 07/31/20 1.58 2.608% $ 3,000,000.00 $ 2,943,960.00 Treasury Note 912828NT3 2.625% 12/07/18 08/15/20 1.62 2.747% $ 2,000,000.00 $ 1,995,937.50 Treasury Note 9128284Y3 2.625% 12/07/18 08/31/20 1.67 2.746% $ 2,000,000.00 $ 1,995,885.00 Treasury Note 912828W9 2.125% 08/01/18 08/31/20 1.67 2.676% $ 3,000,000.00 $ 2,966,700.00 Treasury Note 912828582 2.750% 12/07/18 09/30/20 1.75 2.751% $ 3,000,000.00 $ 2,999,850.00 Treasury Note 9128282Z2 1.625% 09/10/18 10/15/20 1.79 2.709% $ 3,000,000.00 $ 2,934,120.00 Treasury Note 912828WC0 1.750% 09/10/18 10/31/20 1.84 2.707% $ 3,000,000.00 $ 2,940,690.00 Treasury Note 9128283Q1 2.000% 12/18/18 01/15/21 2.04 2.685% $ 3,000,000.00 $ 2,958,750.00 Treasury Note 912828558 2.125% 12/18/18 01/31/21 2.09 2.686% $ 3,000,000.00 $ 2,965,500.00 Treasury Note 912828306 2.250% 12/21/18 02/15/21 2.13 2.656% $ 3,000,000.00 $ 2,974,650.00 $ 96,000,000.00 $ 95,037,361.69 21.53% Regions Bank Money Market 519,668,234.32 Regions Bank Lockbox Accounts $909,522.42 TD Bank Checking Account $13,661,376.84 BankUnited Money Market $32,113,457.33 National Bank of Commerce CD 2.500% 05/11/18 05/11/20 1.36 $6,222,409.61 Valley National Bank Government Interest Checking $20,345,541.21 Marine Bank Business Money Market $5,064,972.20 FL CLASS - BOCC Funds $15,040,771.03 Total General Cash & Equivalents - Unrestricted 5424,155,383.33 4.46% 0.20% 3.09% 7.27% 1.41% 4.61% 1.15% 3.41% Restricted Cash -Bond Covenants (held by BNY/Mellon) Fidelity Institutional Treasury Money Market -Utilities Debt Service Reserve $ 38,453.85 Treasury Note 912828XV77 1.250% 06/30/17 06/30/19 0.50 1.345% $1,610,000.00 51,599,937.50 Treasury Note 912828R93 2.500% 07/02/18 06/30/20 1.50 2.538% $1,525,000.00 $1,523,810.50 Treasury Note 9128285Q95 2.750% 11/30/18 11/30/20 1.92 2.836% $1,045,000.00 $1,049,733.85 Total Restricted Bond Reserve - adjusted for fair market value $ 4,211,935.70 + 0.95% Restricted Cash - Landfill FL CLASS -Landfill Closure & Postclosure Reserves $ 13,097,265.71 2.97% Total Pooled Cash & Equivalents 5441,464,584.74 100.00% Restricted Cash - Health Insurance TD Bank - BCBS Claims Account Citibank - BCBS Imprest Acct Total Restricted Cash - Health Insurance Restricted Cash - Housing Account Total Portfolio Note: See separate investment report for OPEB funds. 2 oft $2,369,673.01 584,000.00 52,453,673.01 $349,843.35 5444,268,101.10 21 Schedule 2 Indian River County, Florida Board of County Commissioners Investment By Maturity Date December 31, 2018 12/31/18 Coupon/ Purchase Maturity Years To Yield To Original Investment Type CUSIP Yield Date Date Maturity Maturity Par Amount Book Value Mo Cash Flow Treasury Note 912828N63 1.125% 03/27/18 01/15/19 0.04 2.045% $ 2,000,000.00 $ 1,985,390.00 FHLB Bullet 3130AAE46 1.250% 08/31/17 01/16/19 0.04 1.321% $ 2,000,000.00 $ 1,998,060.00 FNMA Bullet 3135G0H63 1.375% 12/06/17 01/28/19 0.08 1.699% $ 3,000,000.00 $ 2,989,020.00 Treasury Note 912828V56 1.125% 03/28/18 01/31/19 0.08 2.061% $ 3,000,000.00 $ 2,976,562.50 $ 10,000,000.00 FHLB Bullet 3130ADNE8 1.875% 02/16/18 02/12/19 0.12 2.000% $ 3,000,000.00 $ 2,996,340.00 Treasury Note 912828P53 0.750% 03/27/18 02/15/19 0.13 2.064% $ 2,000,000.00 $ 1,976,952.00 FNMA Bullet 3135GOZA4 1.875% 02/16/18 02/19/19 0.14 2.016% $ 3,000,000.00 $ 2,995,800.00 FHLMC Callable 3134GAW26 1.400% 02/28/17 02/25/19 0.15 1.400% $ 2,000,000.00 $ 2,000,000.00 Treasury Note 91282851-14 1.375% 03/28/18 02/28/19 0.16 2.078% $ 3,000,000.00 $ 2,980,779.00 $ 13,000,000.00 FHLB Bullet 3133782M2 1.500% 11/28/17 03/08/19 0.18 1.712% $ 2,000,000.00 $ 1,994,640.00 Treasury Note 912828P95 1.000% 03/28/18 03/15/19 0.20 2.102% $ 3,000,000.00 $ 2,968,593.00 FHLB Callable 3130AAW79 1.350% 03/21/17 03/20/19 0.22 1.414% $ 3,000,000.00 $ 2,996,250.00 FNMA Bullet 3136G1GV5 1.250% 06/05/17 03/25/19 0.23 1.304% $ 2,000,000.00 $ 1,998,070.00 Treasury Note 912828W97 1.250% 09/14/17 03/31/19 0.25 1.332% $ 2,000,000.00 $ 1,997,500.00 $ 12,000,000.00 FHLMC Discount 313396DU4 2.392% 11/15/18 04/01/19 0.25 2.392% $ 3,000,000.00 $ 2,972,942.49 FHLB Discount 313384EC9 2.467% 11/15/18 04/09/19 0.27 2.467% $ 3,000,000.00 $ 2,970,879.18 FHLMC Bullet 3137EADZ9 1.125% 03/08/17 04/15/19 0.29 1.422% $ 3,000,000.00 $ 2,981,619.00 FHLMC -18 Call 3134GBEG3 1.410% 04/26/17 04/26/19 - 0.32 1.410% $ 2,000,000.00 $ 2,000,000.00 Treasury Note 912828ST8 1.250% 03/28/18 04/30/19 0.33 2.123% $ 3,000,000.00 $ 2,971,875.00 $ 14,000,000.00 FFCB Callable 3133EGA96 1.070% 11/28/17 05/01/19 0.33 1.615% $ 2,000,000.00 $ 1,984,700.00 Treasury Note 912828R44 0.875% 08/29/17 05/15/19 0.37 1.273% $ 2,000,000.00 $ 1,986,562.50 FHLB Bullet 3130ABDX1 1.400% 05/24/17 05/24/19 0.39 1.425% $ 2,000,000.00 $ 1,999,000.00 FHLMC Callable 3134GAX85 1.125% 08/29/17 05/28/19 0.41 1.343% $ 2,000,000.00 $ 1,992,500.00 FHLMC Bullet 3137EADG1 1.75016 12/06/17 05/30/19 0.41 1.789% $ 3,000,000.00 $ 2,998,290.00 Treasury Note 912828589 1.125% 05/03/18 05/31/19 0.41 2.306% $ 3,000,000.00 $ 2,962,500.00 $ 14,000,000.00 FFCB Callable 3133EHLU5 1.390% 06/05/17 06/05/19 0.43 1.390% $ 2,000,000.00 $ 2,000,000.00 FFCB Bullet 3133EHMR1 1.375% 06/12/17 06/12/19 0.45 1.375% $ 2,000,000.00 $ 2,000,000.00 FHLB Bullet 3130A8D86 1.125% 03/08/17 06/21/19 0.47 1.467% $ 3,000,000.00 $ 2,976,999.00 FHLB Bullet 3130A8200 1.400% 03/31/17 06/27/19 0.49 1.416% $ 2,000,000.00 $ 1,999,312.00 Treasury Note 912828TC4 1.000% 09/14/17 06/30/19 0.50 1.336% $ 3,000,000.00 $ 2,982,187.50 Treasury Note 912828W55 1.625% 11/30/17 06/30/19 0.50 1.728% $ 3,000,000.00 $ 2,995,200.00 $ 15,000,000.00 FFCB Callable 3133E6184 1.080% 03/31/17 07/05/19 0.51 1.481% $ 2,000,000.00 $ 1,982,200.00 FHLB Bullet 3130ABRS7 1.460% 07/12/17 07/12/19 0.53 1.460% $ 2,000,000.00 $ 2,000,000.00 FHLMC Bullet 3137EAEB1 0.875% 03/31/17 07/19/19 0.55 1.394% $ 2,000,000.00 $ 1,976,578.00 FHLB- 1X Call 3130ABB21 1.375% 05/12/17 07/26/19 0.57 1.375% $ 2,000,000.00 $ 2,000,000.00 Treasury Note 9128282K5 1.375% 12/18/17 07/31/19 0.58 1.817% $ 3,000,000.00 $ 2,978,906.25 $ 11,000,000.00 FHLMC Bullet 3137EADK2 1.250% 03/30/17 08/01/19 0.58 1.403% $ 3,000,000.00 $ 2,989,560.00 FHLB Discount 313384K006 2.530% 11/29/18 08/08/19 0.60 2.576% $ 3,000,000.00 $ 2,946,870.00 FFCB Bullet 3133EHUK7 1.400% 08/14/17 08/14/19 0.62 1.400% $ 2,000,000.00 $ 2,000,000.00 FHLB Callable 3130ABWX0 1.500% 08/22/17 08/22/19 0.64 1.500% $ 2,000,000.00 $ 2,000,000.00 FNMA Bullet 3135G0P49 1.000% 05/05/17 08/28/19 0.66 1.442% $ 2,000,000.00 $ 1,979,946.00 Treasury Note 912828D80 1.625% 11/30/17 08/31/19 0.67 1.752% $ 3,000,000.00 $ 2,993,437.50 $ 15,000,000.00 FHLB Discount 313384LF4 2.627% 11/15/18 09/03/19 0.67 2.627% $ 3,000,000.00 $ 2,937,950.01 FHLMC Callable 3134GA7A6 1.500% 05/11/17 09/09/19 0.69 1.500% $ 2,000,000.00 $ 2,000,000.00 FNMA Callable 313500P56 1.250% 11/30/17 09/20/19 0.72 1.842% $ 2,000,000.00 $ 1,979,060.00 FHLB Bullet 3130A9EP2 1.000% 05/10/17 09/26/19 0.74 1.436% $ 2,000,000.00 $ 1,979,660.00 FHLB Bullet 3130A9EP2 1.000% 05/11/17 09/26/19 0.74 1.435% $ 2,000,000.00 $ 1,979,750.00 Treasury Note 912828F39 1.750% 05/03/18 09/30/19 0.75 2.412% $ 3,000,000.00 $ 2,972,619.00 $ 14,000,000.00 FHLMC Bullet 3137EADM8 , 1.250% 05/04/17 10/02/19 0.75 1.451% $ 3,000,000.00 $ 2,985,780.00 FFCB Callable 3133EGX86 1.120% 12/21/17 10/11/19 0.78 1.946% $ 2,000,000.00 $ 1,970,800.00 FHLB Bullet 3130ABTD8 1.450% 07/18/17 10/18/19 0.80 1.450% $ 2,000,000.00 $ 2,000,000.00 FNMA Bullet 3135G0R39 1.000% 06/30/17 10/24/19 0.81 1.425% $ 2,000,000.00 $ 1,980,694.00 Treasury Note 912828F62 1.500% 12/12/17 10/31/19 0.83 1.797% $ 3,000,000.00 $ 2,983,560.00 $ 12,000,000.00 FFCB Callable 3133EGA62 1.160% 11/30/17 11/01/19 0.84 1.866% $ 2,000,000.00 $ 1,973,500.00 FHLB Bullet 3130AA3R7 1.375% 06/30/17 11/15/19 0.87 1.433% $ 2,000,000.00 $ 1,997,300.00 $ 4,000,000.00 FFCB Callable 3133EG1V8 1.200% 12/08/17 01/06/20 1.02 1.955% $ 2,000,000.00 $ 1,969,400.00 Treasury Note 912828V31 1.375% 12/18/17 01/15/20 1.04 1.845% $ 3,000,000.00 $ 2,971,406.25 FNMA Bullet 313500A78 1.625% 12/08/17 01/21/20 1.06 1.862% $ 3,000,000.00 $ 2,985,270.00 Treasury Note 912828357 2.000% 05/03/18 01/31/20 1.08 2.459% $ 3,000,000.00 $ - 2,976,562.50 $ 11,000,000.00 FHLB Callable 3130ABCG9 1.600% 05/16/18 02/03/20 1.09 2.634% $ 3,000,000.00 $ 2,948,310.00 FFCB Callable 3133EHR70 1.740% 11/14/17 02/14/20 1.12 1.740% $ 2,000,000.00 $ 2,000,000.00 Treasury Note 912828W22 1.375% 07/06/18 02/15/20 1.13 2.497% $ 3,000,000.00 $ 2,947,148.44 FFCB Callable 3133EGAE5 1.360% 12/21/17 02/18/20 1.13 1.991% $ 3,000,000.00 $ 2,960,160.00 FNMA Bullet 313560729 1.500% 10/23/17 02/28/20 1.16 1.688% $ 2,000,000.00 $ 1,991,360.00 $ 13,000,000.00 FFCB Callable 3133EHLX2 1.500% 10/23/17 03/05/20 1.18 1.716% $ 2,000,000.00 $ 1,990,000.00 FHLB Bullet 313378/77 1.875% 11/29/18 03/13/20 1.20 2.801% $ 3,000,000.00 $ 2,965,020.00 Treasury Note 912828W63 1.625% 12/12/17 03/15/20 1.21 1.845% $ 3,000,000.00 $ 2,985,420.00 FHLMC 3134GBEB4 1.700% 11/21/17 03/27/20 1.24 1.776% $ 2,000,000.00 $ 1,996,500.00 Treasury Note 912828UV0 1.125% 07/06/18 03/31/20 1.25 2.513% $ 3,000,000.00 $ 2,929,687.50 $ 13,000,000.00 1 oft 22 Schedule 2 Indian River County, Florida Board of County Commissioners Investment By Maturity Date December 31, 2018 12/31/18 Coupon/ Purchase Maturity Years To Yield To Original Investment Type CUSIP Yield Date Date Maturity Maturity Par Amount Book Value Mo Cash Flow FFCB Callable 3133EHC50 1.680% - 03/13/18 04/03/20 1.26 2.316% $ 2,000,000.00 $ 1,974,600.00 Treasury Note 912828X21 1.50014 12/12/17 04/15/20 1.29 1.857% $ 3,000,000.00 $ 2,975,580.00 FHLMC Bullet 3137EAEF2 1.375% 11/21/17 04/20/20 1.30 1.858% $ 2,000,000.00 $ 1,977,300.00 FHLMC Bullet 3137EAEM7 2.500% 12/10/18 04/23/20 1.31 2.724% $ 3,000,000.00 $ 2,990,970.00 FFCB Callable 3133EHHA4 1.620% 05/16/18 04/27/20 1.32 2.670% $ 3,000,000.00 $ 2,940,600.00 FHLMC Callable 313468088 , 1.750% 10/30/17 04/30/20 1.33 1.750% $ 2,000,000.00 $ 2,000,000.00 $ 15,000,000.00 FHLMC Bullet 3137EADR7 1.375% 11/21/17 05/01/20 1.33 1.823% $ 2,000,000.00 $ 1,978,660.00 FFCB Bullet 3133EIQ51 2.760% 12/03/18 05/05/20 1.35 2.815% $ 3,000,000.00 $ 2,997,660.00 FHLB - 1X Call 3130ACN83 1.700% 11/21/17 05/15/20 1.37 _ 1.869% $ 2,000,000.00 $ 1,991,800.00 FFCB Callable 3133EHT78 1.830% 12/21/17 05/20/20 1.39 • 2.014% $ 3,000,000.00 $ 2,987,040.00 FNMA Callable 313664104 1.750% 12/08/17 05/28/20 1.41 1.875% $ 3,000,000.00 $ 2,991,000.00 Treasury Note 912828VF4 1.375% 07/06/18 05/31/20 1.42 2.535% $ - 3,000,000.00 $ 2,935,781.25 5 16,000,000.00 FFCB Callable 3133EJEK1 2.450% 03/01/18 06/01/20 1.42 2.450% $ 3,000,000.00 $ 3,000,000.00 FHLB Bullet 313383H U8 1.750% 03/23/18 06/12/20 1.45 2.399% $ 2,000,000.00 $ 1,972,080.00 FHLB Callable 3130ABN0.5 1.625% 12/08/17 06/26/20 1.49 1.907% $ 2,000,000.00 $ 1,986,000.00 FHLB Callable 3130ABNM4 1.640% 06/25/18 06/29/20 1.50 2.606% $ 3,000,000.00 $ 2,943,570.00 Treasury Note 912828XY1 2.500% 12/07/18 06/30/20 1.50 2.745% $ 3,000,000.00 $ 2,988,750.00 FNMA Callable 3136G3UR4 1.380% 03/23/18 06/30/20 1.50 2.443% $ 3,000,000.00 $ 2,929,950.00 $ 16,000,000.00 FHLB Callable 3130ABNV4 1.750% 03/15/18 07/13/20 1.53 2.419% $ 3,000,000.00 $ 2,954,790.00 FHLMC Callable 3134GBXV9 1.850% 12/12/18 07/13/20 1.53 2.823% $ 3,000,000.00 $ 2,955,000.00 Treasury Note 9128282J8 1.500% 08/14/18 07/15/20 1.54 2.604% $ 3,000,000.00 $ 2,938,359.00 FNMA Bullet 3135G0T60 1.500% 03/15/18 07/30/20 1.58 2.351% $ 3,000,000.00 $ 2,941,350.00 Treasury Note 912828XM7 1.625% 08/14/18 07/31/20 1.58 2.608% $ 3,000,000.00 $ 2,943,960.00 $ 15,000,000.00 FFCB Callable 31330MS5 2.625% 05/03/18 08/03/20 1.59 2.656% $ 3,000,000.00 $ 2,998,050.00 FFCB Callable 3133EHUE1 1.650% 03/19/18 08/10/20 1.61 2.372% $ 2,000,000.00 $ 1,966,600.00 Treasury Note ; 912828NT3 2.625% 12/07/18 08/15/20 1.62 2.747% $ _ 2,000,000.00 $ 1,995,937.50 FHLB Callable 3130ACTKO 1.875% 03/19/18 08/25/20 1.65 2.37996 $ 3,000,000.00 $ 2,964,420.00 FHLMC Callable 313468025 1.700% 11/30/18 08/28/20 1.66 2.817% $ 3,000,000.00 $ 2,943,300.00 Treasury Note 9128284Y3 2.625% 12/07/18 08/31/20 1.67 2.746% $ 2,000,000.00 $ 1,995,885.00 Treasury Note 912828W9 2.125% 08/01/18 08/31/20 1.67 2.676% $ 3,000,000.00 $ 2,966,700.00 $ 18,000,000.00 FHLB Bullet 3130A66T9 1.625% 12/12/18 09/11/20 1.70 2.792% $ 3,000,000.00 $ 2,940,660.00 FNMA Callable 313663686 1.450% 04/30/18 09/15/20 1.71 2.610% $ 3,000,000.00 $ 2,920,320.00 FFCB Callable 3133EGVK8 1.350% 05/10/18 09/21/20 1.73 2.661% $ 3,000,000.00 $ 2,910,450.00 FHLMC 3134GSXS9 2.750% 09/28/18 09/28/20 1.75 2.750% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130ADSFO 2.50096 03/29/18 09/29/20 1.75 2.500% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 912828582 2.750% 12/07/18 09/30/20 1.75 2.751% $ 3,000,000.00 $ 2,999,850.00 $ 18,000,000.00 FFCB Callable 3133EGXU4 1.370% 05/10/18 10/06/20 1.77 2.665% $ 3,000,000.00 $ 2,910,000.00 Treasury Note 9128282Z2 1.625% 09/10/18 10/15/20 1.79 2.709% $ 3,000,000.00 $ 2,934,120.00 FHLB Callable 3130AF4R5 3.000% 10/30/18 10/30/20 1.83 3.000% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 912828WC0 1.750% 09/10/18 10/31/20 1.84 2.707% $ 3,000,000.00 $ 2,940,690.00 $ 12,000,000.00 FFCB Callable 3133EJMX4 2.680% 05/10/18 11/02/20 1.84 2.701% $ 3,000,000.00 $ 2,998,500.00 FFCB Callable 3133E6 F42 1.360% 05/10/18 11/09/20 1.86 2.655% $ 3,000,000.00 $ 2,906,700.00 $ 6,000,000.00 Treasury Note 9128283Q1 2.000% 12/18/18 01/15/21 2.04 2.685% $ 3,000,000.00 $ 2,958,750.00 FHLB Callable 3130ADG30 2.300% 11/30/18 01/26/21 2.07 2.909% $ 3,000,000.00 $ 2,962,050.00 Treasury Note 912828B58 2.125% 12/18/18 01/31/21 2.09 2.686% $ 3,000,000.00 $ 2,965,500.00 $ 9,000,000.00 Treasury Note 912828316 2.250% 12/21/18 02/15/21 2.13 2.656% $ 3,000,000.00 $ 2,974,650.00 FHLMC Bullet 3137EAEL9 2.375% 09/21/18 02/16/21 2.13 2.873% $ 3,000,000.00 $ 2,965,500.00 FNMA Bullet 313560120 1.375% 12/10/18 02/26/21 2.16 2.761% $ 3,000,000.00 $ 2,911,377.00 $ 9,000,000.00 FNMA Bullet 313560U27 2.500% 11/29/18 04/13/21 2.28 2.919% $ 3,000,000.00 $ 2,971,350.00 FHLMC Callable 313465980 3.000% 10/23/18 04/23/21 2.31 3.000% $ 3,000,000.00 $ 3,000,000.00 $ 6,000,000.00 FH LB Callable 3130AFAR8 3.100% 11/05/18 05/05/21 2.35 3.100% $ 3,000,000.00 $ 3,000,000.00 $ 3,000,000.00 Sub Total - General Investments $ 314,000,000.00 $ 311,129,098.37 $ 314,000,000.00 Regions Bank Money Market $19,668,234.32 Regions Lockbox Accounts $909,522.42 TD Bank Checking Account $13,661,376.84 BankUnited Money Market $32,113,457.33 National Bank of Commerce CD 2.500% 05/11/18 05/11/20 1.36 56,222,409.61 Valley National Bank Government Interest Checking $20,345,541.21 Marine Bank Business Money Market $5,064,972.20 FL CLASS - BOCC Funds $15,040,771.03 Total General Cash & Equivalents - Unrestricted $ 424,155,383.33 Restricted Cash -Bond Covenants (held by BNY/Mellon] Fidelity Institutional Treasury Money Market -Utilities Debt Service Reserve $ 38,453.85 Treasury Note 912828XV77 1.250% 06/30/17 06/30/19 0.50 1.345% $1,610,000.00 $1,599,937.50 Treasury Note 912828R93 2.500% 07/02/18 06/30/20 1.50 2.538% $1,525,000.00 $1,523,810.50 Treasury Note 9128285Q95 2.750% 11/30/18 11/30/20 1.92 2.836% $i,045,000.00 51,049,733.85 Total Restricted Bond Reserve - adjusted for fair market value $ 4,211,935.70 Restricted Cash - Landfill FL CLASS -Landfill Closure & Postclosure Reserves Total Pooled Cash & Equivalents Restricted Cash - Health Insurance TD Bank - BCBS Claims Account Citibank - BCBS Imprest Acct Total Restricted Cash - Health Insurance Restricted Cash - Housing Account Total Portfolio Note: See separate Investment report for OPEB funds. 2 oft $ 13,097,265.71 $ 441,464,584.74 52,369,673.01 584,000.00 52,453,673.01 5349,843.35 $ 444,268,101.10 23 Schedule 3 Indian River County Portfolio By Maturity Date December 31, 2018 $300,000,000 $250,000,000 $257,559,743 $200,000,000 $150,000,000 $159,999,181 $100,000,000 $50,000,000 $0 $26,709,177 0-12 Months 13-24 Months 25-36 Months Total Portfolio $444,268,101 24 Schedule 4 Indian River County Portfolio By Type December 31, 2018 FL CLASS 6.38% UT Reserve 0 95% FFCB 12.10% Treasury Valley Natl Bank 4.61 Notes 21.53% a. k ..r..._, TD Bank Checking 3.09% Regions Bank 4.66% BankUnited 7.27% Marine Bank 1.15% FNMA 8.28% FHLB 17.08% Natl Bk Comm CD 1.41% 25 Schedule 5 Indian River County Investment Purchases and Calls/Maturities Quarter Ending December 31, 2018 PURCHASES: Investment Description Yield to Maturity Purchase Date Call Date Maturity Date Par Amount Book Value FHLMC Callable 3.00% 10/23/18 01/23/19 04/23/21 $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3.00% 10/30/18 01/26/19 10/30/20 $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3.10% 11/05/18 11/05/19 05/05/21 $ 3,000,000.00 $ 3,000,000.00 FHLMC Discount 2.39% 11/15/18 04/01/19 $ 3,000,000.00 $ 2,972,942.49 FHLB Discount 2.47% 11/15/18 04/09/19 $ 3,000,000.00 $ 2,970,879.18 FHLB Discount 2.63% 11/15/18 09/03/19 $ 3,000,000.00 $ 2,937,950.01 FHLB Discount 2.58% 11/29/18 08/08/19 $ 3,000,000.00 $ 2,946,870.00 FHLB Bullet 2.80% 11/29/18 03/13/20 $ 3,000,000.00 $ 2,965,020.00 FNMA Bullet 2.92% 11/29/18 04/13/21 $ 3,000,000.00 $ 2,971,350.00 FHLB Callable 2.91% 11/30/18 01/26/19 01/26/21 $ 3,000,000.00 $ 2,962,050.00 FHLMC Callable 2.82% 11/30/18 02/28/19 08/28/20 $ 3,000,000.00 $ 2,943,300.00 FFCB Bullet 2.82% 12/03/18 05/05/20 $ 3,000,000.00 $ 2,997,660.00 Treasury Note 2.75% 12/07/18 09/30/20 $ 3,000,000.00 $ 2,999,850.00 Treasury Note 2.75% 12/07/18 06/30/20 $ 3,000,000.00 $ 2,988,750.00 Treasury Note 2.75% 12/07/18 08/31/20 $ 2,000,000.00 $ 1,995,885.00 Treasury Note 2.75% 12/07/18 08/15/20 $ 2,000,000.00 $ 1,995,937.50 FNMA Bullet 2.76% 12/10/18 02/26/21 $ 3,000,000.00 $ 2,911,377.00 FHLMC Bullet 2.72% 12/10/18 04/23/20 $ 3,000,000.00 $ 2,990,970.00 FHLMC Callable 2.82% 12/12/18 01/13/19 07/13/20 $ 3,000,000.00 $ 2,955,000.00 FHLB Bullet 2.79% 12/12/18 09/11/20 $ 3,000,000.00 $ 2,940,660.00 Treasury Note 2.69% 12/18/18 01/31/21 $ 3,000,000.00 $ 2,965,500.00 Treasury Note 2.69% 12/18/18 01/15/21 $ 3,000,000.00 $ 2,958,750.00 Treasury Note 2.66% 12/21/18 02/15/21 $ 3,000,000.00 $ 2,974,650.00 23 $67,000,000.00 $66,345,351.18 MATURITIES: Investment Description Yield to Maturity Purchase Date Early Call Date Maturity Date Par Amount Book Value Treasury Note 1.078% 12/09/16 09/30/18 $3,000,000.00 $2,982,420.00 FHLB Bullet 1.142% 12/12/16 10/01/18 $3,000,000.00 $2,985,750.00 FHLB Callable 1.000% 10/11/16 10/11/18 $2,000,000.00 $2,000,000.00 Treasury Note 1.080% 11/30/16 10/15/18 $3,000,000.00 $2,988,633.00 Treasury Note 1.093% 12/09/16 10/31/18 $3,000,000.00 $2,980,800.00 FFCB Callable 0.970% 11/01/16 11/01/18 $2,000,000.00 $2,000,000.00 FHLMC Callable 1.285% 12/28/16 11/07/18 $3,000,000.00 $2,987,100.00 Treasury Note 1.977% 03/27/18 11/15/18 $3,000,000.00 $2,986,287.00 8 $22,000,000 $21,910,990.00 Reconciliation of General Investments Only: Beginning portfolio (9/30/18) Total purchased Total matured Ending portfolio for quarter (12/31/18) 8 securities 23 securities $266,694,737.19 $66,345,351.18 ($21,910,990.00) $311,129,098.37 26 1 oft October November December January February March April May June July August September Net cash flow October November December January February March April May June July August September Net cash flow Schedule 6 Indian River County Change in Monthly Cash Flows For All Pooled Cash/Investment Accounts Comparison of Six Fiscal Years December 31, 2018 Fiscal Year 2013-2014 Net Change Month End Bal* $ (7,076,226) $ 291,236,824 $ 13,411,135 $ 304,647,959 $ 33,565,914 $ 338,213,873 $ (1,632,096) $ 336,581,777 $ (1,988,485) $ 334,593,292 $ (474,129) $ 334,119,163 $ (6,034,807) $ 328,084,356 $ (5,237,557) $ 322,846,799 $ (11,441,367) $ 311,405,432 $ (3,166,797) $ 308,238,635 $ (8,103,393) $ 300,135,242 $ (1,774,852) $ 298,360,390 $ 47,340 Fiscal Year 2016-2017 Net Change Month End Bal* $ (6,856;,660) $ 314,462,401 $ 29,862,090 $ 344,324,491 $ 37,277,098 $ 381,601,589 $ (931,868) $ 380,669,721 $ (2,015,776) $ 378,653,945 $ 442,916 $ 379,096,861 $ (2,740,420) $ 376,356,441 $ (4,378,477) $ 371,977,964 $ (6,628,797) $ 365,349,167 $ (10,868,408) $ 354,480,759 $ (9,027,471) $ 345,453,288 $ (5,877,090) $ 339,576,198 $ 18,257,137 Fiscal Year 2014-2015 Net Change Month End Bal* $ (10,422,694) $ 287,937,696 $ 19,342,864 $ 307,280,560 $ 35,786,179 $ 343,066,739 $ (285,799) $ 342,780,940 $ (2,801,802) $ 339,979,138 $ 281,107 $ 340,260,245 $ (6,111,791) $ 334,148,454 $ (4,947,796) $ 329,200,658 $ (6,122,052) $ 323,078,606 $ (8,447,944) $ 314,630,662 $ (9,274,059) $ 305,356,603 $ 864,396 $ 306,220,999 $ 7,860,609 Fiscal Year 2017-2018 Net Change Month End Bal* $ (7,971,324) $ 331,604,874 $ 33,131,597 $ 364,736,471 $ 41,846,074 $ 406,582,545 $ (5,758,898) $ 400,823,647 $ 5,191,358 $ 406,015,005 $ (4,784,411) $ 401,230,594 $ 1,577,951 $ 402,808,545 $ (6,945,787) $ 395,862,758 $ (9,710,169) $ 386,152,589 $ (2,464,004) $ 383,688,585 $ (8,022,779) $ 375,665,806 $ (6,810,637) $ 368,855,169 $ 29,278,971 Fiscal Yea 2015-2016 Net Change Month End Bal* $ (8,105,518) $ 298,115,481 $ 25,830,326 $ 323,945,807 $ 35,536,011 $ 359,481,818 $ (373,573) $ 359,108,245 $ 906,675 $ 360,014,920 $ 256,335 $ 360,271,255 $ (5,220,820) $ 355,050,435 $ (2,730,213) $ 352,320,222 $ (8,065,869) $ 344,254,353 $ (7,588,170) $ 336,666,183 $ (8,369,612) $ 328,296,571 $ (6,977,510) $ 321,319,061 $ 15,098,062 Fiscal Year 2018-2019 Net Change Month End Bal* $ (5,210,779) $ 362,277,495 $ 48,128,205 $ 410,405,700 $ 31,350,078 $ 441,755,778 $ 74,267,504 *Schedule represents total assets in 801 fund -including portfolio accounts, FMV adjustments, cash in bank and utilities debt reserve. Excludes two health insurance bank accounts utilized by BCBS and the Section 8 HUD bank account. Source: Balance Sheet for fund 801 (run by month) Schedule does not include OPEB investments - see separate report. 27 c. go UE XXXXX.tegg EX tAttt XXXX Xgl 00000, ...... .....rvrvrvrvrvrvn nnn 4 Average Total Return Rehm XXXXXXXXXXXX XXXXXXXXXXXX XXX eYin .M---...;=.,..58 RHrS AF,4nmrmmm otm%SWr`i § m8" __FiSimErm rvrRIOA atFiigt tam ............. »»»»»»»»» ... »»» d 2 XXXXXXXXoggg XXXXXXXXXXXX m 60000000.-. ........ .,... .-c c4 EN,Nnnnn it Fi m m m2222i02'8�2 i§§§§, FLCLASS- BGCC 1 Interest Earned Retum ed rv$ dg 1 FLCLASS-Landfill Interest Earned Rehm XXXX XXX Mii. EEA »»» FLGIT- Landfill (3) 12 Interest Month Earned Return XoXXXXXXXXX XXXXXXX.`e»»» 8tmm�m8'i,aWyiin °'BC5AC5C Ii1WWF p E a p LI XXXXXXXXXXXX XgXXXXXXXXXX XXX 8888$88S8888 8.8$88$$8808 $83 ....00000000 0 . . 0. 0 00 1 Regions - Bank Interest Earned Return XXXXXXigNXXX X„$888gXX3 XXL REIW Hmmo MmtioW,Iino e8E 1 Menne Bank MM Interest EarnedEaetl Retum MM4MMM LXX ggg 1 Valley Nal Bk MM Interest Eamed Rehm XXX XXXXXXXXXXXX XXX ___ 2Cd C�ti ”. ts'FIMP,MAAR MMA »»» »»»»»»»»»»»» »»» BankUnted-MM Interest Earned Return gAXXXXolgtXXX XXXXXXmmXXXX XXX 888 WS 28r ___T,TrvrvF,AaA rvn;;;; P:°MM Mgr c8 �� _ Ez E wE Lm XXXXXXXXXXXX XXXXXXXXXXXX XXX 8838300 000000001,4 82888 338 —00000-0�A nt3A2En$mg$ rvrvry rrvm,ory mnmaa va .i »»»» to»» H»XXXX» = m A Interest Earned Return XXXXXXXXXXXX 222222228288 3322228 2ReRmeRe'8V 71SaAmR nrnr,”:', ” nnnry.”.” E 1 E ' C ig XXXXXXXXXXXX XXXX» 000202222222 20 a .000000 ooa nnnnrir rrvrvrry PM 1 TO Bank Checking E rc nn20rX XXg222$$oXXX egg 00000. 000000.-..... �,,- . mRm1Cr CEC<mrerv2�C ERA _w XXXXXXX» HInterest Eametl Return XXxXXXXXX 600000000 RR m1 mmmmrr 1 3 E - '2 XX XXXXXXXXXX XXX„�NXXX do, 3vo60°'m''$$m M tnp REV4:400 rnrrM.,� »»» Treasuries & Agenoes 2 =pE XXXXXXXXXX XXXXmXX"XX 00000.000 ... XHXryX mmqo§8E.E F'R88mm ig- qR4 moo2�m2m2si m2AIaavo oe� »»»»»»»»»»»» »»»»»»»»»»»» »»» .:i8k$3,18 �io Schedule 8 Indian River County Allocation of Pooled Cash and Investments By Fund Types Balance in Funds as of December 31, 2018 Pooled Investments General Fund $ 89,115,692 Special Revenue Funds $ 99,322,805 Debt Service Funds $ 8,401,726 Capital Project Funds $ 78,008,044 Solid Waste Funds $ 37,202,943 Golf Course Fund $ 422,119' Building Fund $ 8,067,347 Utilities Funds $ a 89,270,917 Fleet Fund $ 458,540 Insurance Funds $ 27,950,453 GIS Fund $ 369,746 Escrow Funds $ 3,165,446 Total Investments $ 441,755,778 Schedule includes all pooled investments, FMV adjustments, and cash in bank. Excludes two health insurance bank accounts utilized by BCBS for claims and the Section 8 HUD bank account. Schedule does not include OPEB investments - see separate report. 29 JEFFREY R. SMITH, CPA, CGFO, CGMA Clerk of Circuit Court & Comptroller Finance Department 1801 27th Street Vero Beach, FL 32960 Telephone: (772) 226-1945 TO: Board of County Commissioners (acting as Board of Trustees of OPEB Trust) FROM: Elissa Nagy, Finance Director THRU: Jeffrey R. Smith, Clerk of the Circuit Court and Comptroller DATE: February 22, 2019 SUBJECT: Quarterly OPEB Trust Report for Quarter Ending 12/31/2018 Attached please find a summary report consisting of the composition and investment return of the OPEB Trust for the first quarter of this fiscal year. These funds are held in trust by our custodian BNY/Mellon. This report was reviewed by our investment advisory committee on February 21, 2019. RECOMMENDATION Staff recommends that the Board of County Commissioners accept the attached Quarterly OPEB Trust Report. 30 Indian River County Other Post Employment Benefits Trust Quarter Ended December 31, 2018 09/30/18 value Purchases Investment Activity: SHORT TERM PORTION (Near -Term Disbursement Needs) 100% Cash Equivalents 100% Fidelity Treasury Money Market $ Short -Term Portion Total $ LONG TERM PORTION (Future Obligations) 50% Equities Income/Mk to Mkt Withdrawals 49,236 $ 181,000 $ 332 $ 49,236 $ 181,000 $ 332 $ Transfers 12/31/18 Value Current Allocation (975) $ 502,072 $ 731,665 100.0% (975) $ 502,072 $ 731,665 100.0% 22.5% Vanguard 500 Index 6,633,064 141,000 (904,603) 386,930 6,256,391 22.6% 20.0% Vanguard FTSE All -World - 5,989,895 161,000 (691,644) 55,571 5,514,822 20.0% 5.0% Vanguard Mid Cap Index 1,457,015 $ 40,000 (227,236) 118,397 1,388,176 5.0% 2.5% Vanguard Small Cap Index 725,081 $ 20,000 (133,752) 84,073 695,402 2.5% 50.0% 50% Equities Subtotal $ 14,805,055 $ 362,000 $ (1,957,235) $ - $ 644,971 $ 13,854,791 50.1% 40% Fixed Debt Securities 30.0% Vanguard Short Term Treasury 8,805,132 115,890 - (682,168) 8,238,854 29.9% 10.0% Vanguard Intermediate Treasury 2,929,648 80,028 - (253,693) 2,755,983 10.0% 40.0% 40% Fixed Debt Securities Subtotal $ 11,734,780 $ $ 195,918 $ $ (935,861) $ 10,994,837 39.9% 10% Cash Equivalents Vanguard Prime Money Market 2,931,777 15,198 (211,182) 2,735,793 10.0% 10.0% 10% Cash Equivalents Subtotal $ 2,931,777 $ $ 15,198 $ $ (211,182) $ 2,735,793 10.0% 100.0% Long -Term Portion Total $ 29,471,612 $ 362,000 $ (1,746,119) $ $ (502,072) $ 27,585,421 100.0% Performance: Portfolio Total $ 29,520,848 $ 543,000 $ (1,745,787) $ (975) $ - $ 28,317,086 100.0% Security/Grouping Benchmark Return Benchmark Timeframe Benchmark Index Short -Term Portion: Fidelity Treasury Money Market Long -Term Portion: Vanguard 500 Index Vanguard FTSE All -World Vanguard Mid Cap Index Vanguard Small Cap Index Total - 50% Equities (Blended) 0.22% 0.59% 3 months -13.38% -13.52% 3 months -11.33% -11.47% 3 months -15.29% -15.46% 3 months -18.03% -18.33% 3 months -12.97% -13.12% 3 months Vanguard Short Term Treasury Vanguard Intermediate Treasury Total - 40% Fixed Debt (Blended) 1.33% 1.75% 3 months 2.76% 3.40% 3 months 1.69% 2.16% 3 months Vanguard Prime Money Market Total - 10% Cash Equivalents (Blended) 0.52% 0.71% 3 months 0.52% 0.71% 3 months Total Long -Term (Blended) -5.89% -5.77% 3 months Total Portfolio (Blended) -5.86% -5.73% 3 months US Treasury - 1 month constant maturity S&P 500 Index FTSE All -World ex US Spliced Mid Cap index Spliced Small Cap index Barclays US 1-5 Yr Treasury Index Barclays US 5-10 Yr Treasury Index US Gov't Money Market Funds Avg. 31 1 BNY MELLON The Bank o1 New York Mellon Trust Company. N.A. INDIAN RIVER COUNTY FINANCE DIRECTOR 1801 27TH STREET BLDG A VERO BEACH, FL 32960-3388 Go Paperless. Securely access your accounts online to view your statements. Ask your BNY Melton contact how we can help you access your account balances and activity in real time, receive your reports, enter your own transactions or submit an audit confirmation online. Also be sure to ask how NEXEN(SM) Gateway, our new cloud -based ecosystem, can help you. Visit us at www.bnymellon.com Account Overview 000054 XB1173M1 Account Statement Statement Period 10/01/2018 Through 12/31/2018 Account 179137 Base Currency = USD INDIAN RIVER CO OPEB TRUST CLIENT SERVICE MANAGER: WANDA CASSELS BNYM CORPORATE TRUST 10161 CENTURION PARKWAY N JACKSONVILLE, FL 32256 904-998-4709 WAN DA.CASS ELS@BNYME LLON.COM Percent of all Investments 50% 0 48% 2% e 100% Summary of Assets Held by Asset Classification Asset Classification EQUITY OTHER CASH AND SHORT TERM TOTAL OF ALL INVESTMENTS Market Value 13,854,790.98 13,730,629.47 731,665.11 28,317,085.56 Asset Classification EQUITY OTHER CASH AND SHORT TERM ACCOUNT TOTALS Market Value 13,854,790.98 13,730,629.47 731,665.11 28,317,085 .56 Summary of Cash Transactions by Transaction Category Cost 11,348,994 .75 13,529,113.33 731,665.11 25,609,773 .19 Accrued Income Estimated Annual Income Market Yield 0.00 0.00 0.00 0.00 0.00 14,664.94 0.00 % 0.00% 2.00% 0.00 14,664.94 0.05 % Current Period Realized Transaction Category Income Principal Gains/Losses Year -to -Date Income Principal OPENING BALANCE 1,440,758.57 DIVIDENDS 175,470.25 .SALES AND REDEMPTIONS 0.00 1,440,758.57- 169,348.26 - 2,154,561 .92 0.00 167,503.18 1,004,097.57 • 612,898.41 0.00 Page 31 of 42 Page 1 of 12 1,004,097.57- 618,427.14 - 967,059.92 8 8 c!66.9it s cad ! woa ! 7O t 800090 u • BNY MELLON Tho Bonk of New Yoric Mellon Trust Company. N.A. Summary of Cash Transactions by Transaction Category - Continued Statement Period 10/01/2018 Through 12/31/2018 Account 179137 . Base Currency = USD INDIAN RIVER CO OPER TRUST Current' Period Year -to -Date' Realized Transaction Category Income Principal Gains/Losses OTHER CASH ADDITIONS :0.00 543,000.00 0.00 OTHER CASH DISBURSEMENTS 0.00 975.00- 0.00 PURCHASES 332.39- 2,702,376.52- 0.00 ci CLOSING BALANCE 1,615,896.43 1,615,896.43- 167,503.18 Income 0.00, 0.00 1,099.55 1,615,896.43 Principal 2,389,947:00 2,038,901 .00 - 10,332,005.41 - The above cash transactions summary is provided for information purposes only and may not reflect actual taxable income or deductible expenses as reportable underthe Internal Revenue Code. Dann Z7 of 40 Pans ? of 12 1,615,896.43- 33 ,615,896.43- 33 e 008927 n 060008 a 02 1001v1 i P03 s 138,9917 BNY MELLON The Bank of New York Mellon Trust Company. N.A. Statement of Assets Held by Asset, Classification 000054 X81173M1 Statement Period 10/01/2018 Through 12/31/2018 Account 179137 Base Currency = USD INDIAN RIVER CO OPEB TRUST Shares/Par Value Asset Description Accrued Estimated Market Market Price Market Value Cost Average Cost Income Income Yield EQUITY 306,208.866 VANGUARD FTSE ALL WORLD EX US INDEX FUND CUSIP: 922042791 27,032.455 VANGUARD 500 INDEX FUND CUSIP: 922908108 11,001.456 VANGUARD SMALL -CAP INDEX FUND CUSIP: 922908702 36,811.877 VANGUARD MID -CAP INDEX FUND CUSIP: 922908843 Total EQUITY OTHER 18.01000 5,514,821.68 5,479,315.65 17.89405 231.44000 6,256,391.39 4,371,177.54 161.70109 63.21000 695,402.03 515,241.09 46.83390 37.71000 1,388,175.88 983,260.47 26.71041 13,854,790.98 11,348,994.75 252,379.418 VANGUARD INTERMEDIATE-TERM TREASURY FUND 10.92000 2,755,983.24 2,782,999.59 11.02705 CUSIP: 922031802 2.735,792.220 VANGUARD PRIME MONEY MARKET FUND 1.00000 2,735,792.22 2,735.792.22 1.00000 CUSIP: 922906201 786,901.051 VANGUARD SHORT-TERM TREASURY FUND 10.47000 8,238,854.00 8,010,321.52 10.17958 CUSIP: 922031703 Total OTHER 13,730,629.47 13,529,113.33 CASH AND SHORT TERM 730,390.320 FIDELITY INVESTMENT MM TSY 3 696 CUSIP: X9US00002 1.274.790 FIDELITY INVST M MKT TRSY 696 CUSIP: X9US00002 Total CASH AND SHORT TERM ACCOUNT TOTALS 1,00000 730,390.32 730,390.32 1.00000 1.00000 1,274.79 1,274.79 1.00000 731,665.11 731,665.11 0.00 0.00 0.00% 0.00 0.00 0.00% 0.00 0.00 0.00% 0.00 0.00 0.00% 0.00 0.00 0.00% 0.00 0.00 0.00% 0.00 0.00 0.00% 0.00 0.00 0.00% 0.00 0.00 0.00% 0.00 14,639.39 2.00% 0.00 25.55 2.00% 0.00 14,664.94 2.00% 28,317,085.56 25,609,773.19 0.00 14,664.94 0.05% Total Market Value Plus Total Accrued Income 28,317,085.56 Statement of Transactions by Transaction Date Realized Transaction Date Transaction Description Income Principal Cost Gains/Losses 10/01/18 ACCOUNT OPENING PERIOD BALANCE 1,440,758.57 1,440,758.67• 24,724,774.76 10/01/18 Dividend 16,295.15 0.00 0.00 0.00 VANGUARD SHORT-TERM TREASURY FUND CASH DIVIDEND DIV RATE: .02 EX 09302018 PAY 10012018 CUSIP 922031703 847,462.198 SHARES 10/01/18 Dividend 0.00 16,295.15- 16,295.15 34 0.00 VANGUARD SHORT-TERM TREASURY FUND Page 33 of 42 Page 3 of 12 9266'9Cl s sad: ` r BNY MELLON The Bank of New York Melton Trust Company. N.A. Statement of Transactions by Transaction Date - Continued Statement Period 10/01/2018 Through 12/31/2018 Account 179137 Base Currency = USD INDIAN RIVER CO OPEB TRUST Realized Transaction Date Transaction Description Income Principal Cost Gains/Losses CUSIP 922031703 1,568.349 SHARES 10/01/18 Dividend 0.00 6,199.11- 6,199.11 0.00 VANGUARD INTERMEDIATE-TERM TREASURY FUND. CUSIP 922031802 579.898 SHARES 10/01/18 Dividend 6,199.11 0.00 0.00 0.00 VANGUARD INTERMEDIATE-TERM TREASURY FUND CASH DIVIDEND DIV RATE: .02 EX 09302018 PAY '10012018 CUSIP 922031802 274,055.030 SHARES 10/01/18 Dividend 0.00 4,274.73- 4,274.73 0.00 VANGUARD PRIME MONEY MARKET FUND CUSIP 922906201 4,274.730 SHARES 10/01/18 Dividend 4,274.73 0.00 0.00 0.00 VANGUARD PRIME MONEY MARKET FUND CASH DIVIDEND DIV RATE: 0.00 EX 09302018 PAY 10012018 CUSIP 922906201 2,931,777.220 SHARES 10/01/18 ACCOUNT CLOSING DAILY BALANCE 1,467,527.56 1,467,527.56- 24,751,543.75 0.00 10/02/18 Purchase 147.20- 0.00 147.20 0.00 FIDELITY INVST M MKT TRSY 696 TRADE DATE 10/02/18 SET/DATE 10/02/18 CUSIP X9USD00021 147.200 SHARES 10/02/18 Dividend 147.20 0.00 0.00 0.00 FIDELITY INVESTMENT MM TSY 3 696 TRADE DATE 10/02/18 SET/DATE 10/02/18 CUSIP X9USD0002 10/02/i8 ACCOUNT CLOSING DAILY BALANCE 1,467,527.56 1,467,527.56- 24,751,690.95 0.00 10/19/18`" Purchase0.00 181,000.00- 181,000.00 0.0.0 FIDELITY INVESTMENT MM TSY 3 696 TRADE DATE 10/19/18 SET/DATE 10/19/18 CUSIP X9USD0002 181.000.000 SHARES 10/19/18 Cash Credit 0.00 181,000.00 0.00 0.00 ORD CUST: 4308981798 INDIAN RIVER COUNTY BOCC CONCENTRATION ORD INST: TD BANK, NA WILMINGTON, 35 DELAWARE Page 34 of 42 Page 4 of 12 m csa BZ6613£ l s £0d I V400 ZO e BNY MELLON The Bank of New York Melton Trust'Company. N.A. Statement of Transactions by Transaction Date - Continued 000054 XB1173M1 Statement Period 10/01/2018 Through 12/31/2018 Account 179137 Base Currency = USD INDIAN RIVER CO OPEB TRUST Realized Transaction Date Transaction Description Income. Principal Cost Gains/Losses DETAIL: MONTHLY FUNDING IMA:20181019C1B76E10002759 FTS:FDF1810191074400 10/19/18 ACCOUNT CLOSING DAILY BALANCE 1,467,527.56 1,467,527.56- 24,932,690.95 0.00 10/22/18 Purchase VANGUARD FTSE ALL WORLD EX US INDEX FUND 1182920247169 TRADE DATE 10/19/18 SET/DATE 10/22/18 CUSIP 922042791 5,205.622 SHARES 10/22/18 Purchase VANGUARD 500 INDEX FUND 1182920247170 TRADE DATE 10/19/18 SET/DATE 10/22/18 CUSIP 922908108 316.654 SHARES 0.00 100,000.00- 100,000.00 0.00 0.00 81,000.00- 81,000.00 0.00 10/22/18 Sale 0.00 181,000.00 181,000.00- 0,00 FIDELITY INVESTMENT MM TSY 3 696 TRADE DATE 10/22/18 SET/DATE 10/22/18 CUSIP X9USD0002 181,000.000 SHARES 10/22/18 ACCOUNT CLOSING DAILY BALANCE 1,467,527.56 1,467,527.56- 25,113,690.95 0.00 10/24/18 Sale 0.00 547.50 547.50- 0.00 FIDELITY INVESTMENT MM TSY 3 696 TRADE DATE 10/24/18 SET/DATE 10/24/18 CUSIP X9USD0002 547.500 SHARES 10/24/18 Cash Debit 0.00 547.50- 0.00 0.00 BNF:BNY FEE ACCOUNT DETAIL:REP PAYMENT FOR ADMIN BILLING DETAIL:FEE JUNE 01 TO AUG 31, 2018 A/C WITH:BANK OF NEW YORK 10/24/18 ACCOUNT CLOSING DAILY BALANCE 1,467,527.56 11/01/18 Dividend 17,001.11 VANGUARD SHORT-TERM TREASURY FUND CASH DIVIDEND DIV RATE: .02 - EX 10312018 PAY 11012018 CUSIP 922031703 849,030.547 SHARES 11/01/18 , Dividend VANGUARD SHORT-TERM TREASURY FUND CUSIP 922031703 1,467,527.56- 24,932,143.45 0.00 0.00 0.00 0.00 17.001.11- 17.001.11 0.00 36 Page 35 o142 Page 5 of 12 e 008927 n 060008 a 02 t DOM i P03 s 138,9939 BNY MELLON The Bank of Now York Mellon Trust Company. N.A. Statement of Transactions by Transaction Date - Continued Statement Period 10/01/2018 Through 12/31/2018 Account 179137 Base Currency a USD INDIAN RIVER CO OPEB TRUST Realized Transaction Date Transaction Description Income Principal Cost Gains/Losses 1,637.872 SHARES 11/01/18 Dividend 6.333.74 0.00 0.00 0.00 VANGUARD INTERMEDIATE-TERM TREASURY FUND CASH DIVIDEND DIV RATE: .02 EX 10312018 PAY 11012018 CUSIP 922031802 274,634.928 SHARES 11/01/18 Dividend 0.00 6,333.74- 6,333.74 0.00 VANGUARD INTERMEDIATE-TERM TREASURY FUND CUSIP 922031802 594.159 SHARES 11/01/18 Dividend 5,452.62 0.00 0.00 0.00 VANGUARD PRIME MONEY MARKET FUND CASH DIVIDEND DIV RATE: 0.00 EX 10312018 PAY 11012018 CUSIP 922906201 2,936,051.950 SHARES 11/01/18 Dividend 0.00 5,452.62- 5,452.62 0.00 VANGUARD PRIME MONEY MARKET FUND CUSIP 922906201 5,452.620 SHARES 11/01/18 ACCOUNT CLOSING DAILY BALANCE 1,496,315.03 1,496,315.03- 24,960,930.82 0.00 11/02/18 Purchase 101,96- 0.00 101.96 0.00 FIDELITY INVST M MKT TRSY 696 TRADE DATE 11/02/18 SET/DATE 11/02/18 CUSIP X9USD0002I 101.960 SHARES 11/02/18 Dividend 101.96 0.00 0.00 0.00 FIDELITY.INVESTMENT MM TSY 3 696 TRADE DATE 11/02/18 SET/DATE 11/02/18 CUSIP X9USD0002 11/02/18 ACCOUNT CLOSING DAILY BALANCE 1,496,315.03 1,496,315.03- 24,961,032.88 0.00 11/13/18 Purchase.- 0.00 181,000.00- 181,000.00 0.00 FIDELITY INVESTMENT MM TSY 3 696 TRADE DATE 11/13/18 SET/DATE 11/13/18 CUSIP X9USD0002 181,000:000 SHARES 11/13/18 Cash Credit 0.00 181,000.00 0.00 0.00 ORD CUST: 4308981798 INDIAN RIVER COUNTY BOCC CONCENTRATION ORD INST: TD BANK, NA WILMINGTON, DELAWARE 37 DETAIL: MONTHLY FUNDING Pane 36 of 42 Paan 6 of 12 fr BNY MELLON The Bank of New York Mellon Trust Company. N.A. Statement of Transactions by Transaction Date - Continued 000054 XB1.173M1 Statement Period 10/01/2018 Through 12/31/2018 Account 179137 Base Currency = USD INDIAN RIVER CO OPEB TRUST Realized Transaction Date Transaction Description Income Principal Cost Gains/Losses IMA:20181113C1B76E10000745 FTS:FDF1811130810300 11/13/18 ACCOUNT CLOSING DAILY BALANCE 1,496,315.03 1,496,315.03- 25,142,032.88 0.00 11/14/18 Purchase 0.00 61.000.00- 61,000.00 0.00 VANGUARD FTSE ALL WORLD EX US INDEX FUND 1183170232028 TRADE DATE 11/13/18 SET/DATE 11/14/18 CUSIP 922042791 3,225.806 SHARES 11/14/18 Purchase 0.00 60,000.00- 60.000.00 000 VANGUARD 500 INDEX FUND 1183170232024 TRADE DATE 11/13/18 SET/DATE 11/14/18 CUSIP 922908108 238.228 SHARES 11/14/18 Purchase 0.00 20,000.00- 20,000.00 0.00 VANGUARD SMALL -CAP INDEX FUND 1183170232032 TRADE DATE 11/13/18 SET/DATE 11/14/18 CUSIP 922908702 284.212 SHARES, 11/14/18 .Purchase 0.00 40,000.00- 40,000.00 0.00 VANGUARD MID -CAP INDEX FUND 1183170232031 TRADE DATE 11/13118 SET/DATE 11/14/18 CUSIP 922908843 965.018 SHARES 11/14/18 Sale 0.00 181,000.00 181,000.00- 0.00 m FIDELITY INVESTMENT MM TSY 3 696 S TRADE DATE 11/14/18 SET/DATE 11/14/18 ID CUSIP X9US00002 181,000.000 SHARES S 11/14/18 ACCOUNT CLOSING DAILY BALANCE 1,496,315.03 1,496,315.03- 25,142,032.88 0.00 m 12/03/18 Dividend 16,948.17 0.00 0.00 0.00 N VANGUARD SHORT-TERM TREASURY FUND CASH DIVIDEND o DIV RATE: .02 t EX .11302018 PAY 12032018 CUSIP 922031703 -a 0 850,668.419 SHARES " 12/03/18 Dividend 0.00 16,948:17- 16,948.17 0.00 m VANGUARD SHORT-TERM TREASURY FUND CUSIP 922031703 1,629.632 SHARES 38 12/03/18 Dividend 0.00 6.264.98- 6,264.98 0.00 Page 37 o142 Page tot 12 BNY MELLON The Bank of New York Melton Trust Company, N.A. Statement of Transactions by Transaction Date - Continued Statement Period 10/01/2018 Through 12/31/2018 Account 179137 Base Currency = USD INDIAN RIVER CO OPEB TRUST Realized Transaction Date Transaction Description Income Principal Cost Gains/Losses VANGUARD INTERMEDIATE-TERM TREASURY FUND CUSIP 922031802 583.331 SHARES 12/03/18 Dividend 6,264.98 0.00 0.00 0.00 VANGUARD INTERMEDIATE-TERM TREASURY FUND CASH DIVIDEND DIV RATE: .02 EX 11302018 PAY 12032018 CUSIP 922031802 275,229.087 SHARES 12/03/18 Dividend 5,469.65 0.00 0.00 0.00 VANGUARD PRIME MONEY MARKET FUND CASH DIVIDEND DIV RATE: 0.00 EX 11302018 PAY 12032018 CUSIP. 922906201 2,941,504.570 SHARES 12/03/18 Dividend 0.00 5,469.65- 5,469.65 0.00 VANGUARD PRIME MONEY MARKET FUND CUSIP 922906201 5,469.650 SHARES 12/03/18 ACCOUNT CLOSING DAILY BALANCE 1,524,997.83 1,524,997.83- 25,170,715.68 0.00 12/04/18 Purchase 83.23- 0.00 83.23 0.00 FIDELITY INVST M MKT TRSY 696 TRADE DATE 12/04/18 SET/DATE 12/04/18 CUSIP X9USD00021 83.230 SHARES 12/04/18 Dividend 83.23 0.00 0.00 0.00 FIDELITY INVESTMENT MM TSY 3 696 TRADE DATE 12/04/18 SET/DATE 12/04/18 CUSIP X9USD0002 12/04/18 ACCOUNT CLOSING DAILY BALANCE 1,524,997.83 1,524,997.83- 25,170,798.91 0.00 12/17/18 Dividend 30,845.72 0.00 0.00 0.00 VANGUARD 500 INDEX FUND CASH DIVIDEND DIV RATE: 1.22 EX 12172018 PAY 12172018 CUSIP 922908108 25,204.867 SHARES 12/17/18 Dividend 0.00 30,845.72- 30,845.72 0.00 VANGUARD 500 INDEX FUND CUSIP 922908108 128.588 SHARES 39 Page 38 of 42 Page 8 of 12 800090 LZ6800 e 0 N 0066'8t s cad! BNY -MELLON Tho Bank of New York Mellon Trust Company, N.A. Statement of Transactions by Transaction Date - Continued WUU04 AI3l1ICM1 Statement Period 10/01/2018 Through 12/31/2018 Account 179137 Base Currency = USD INDIAN RIVER CO OPEB TRUST Transaction Date Transaction Description Income Principal Realized Cost Gains/Losses 12/17/18 ACCOUNT CLOSING DAILY BALANCE 1,555,843.55 1,555,843.55- 25,201,644.63 0.00 12/18/18 Purchase FIDELITY INVESTMENT MM TSY 3 696 TRADE DATE 12/18/18 SET/DATE 12/18/18 CUSIP X9USD0002 681.377.800 SHARES 12/18/18 Sale VANGUARD SHORT-TERM TREASURY FUND 1183510252140 TRADE DATE 12/17/18 SET/DATE 12/18/18 CUSIP 922031703 28,791.000 SHARES 0.00 681.377.80- 681,377.80 0.00 0.00 300,002.22 224,493.16- 75,509.06 12/18/18 Sate 0.00 200,375.58 203,309.76- 2,934.18 - VANGUARD INTERMEDIATE-TERM TREASURY FUND 1183510252134 TRADE DATE 12/17/18 SET/DATE 12/18/18 CUSIP 922031802 18,519.000 SHARES 12/18/18 Cash Credit 0.00 181,000.00 0.00 0.00 ORD GUST:: 4308981798 INDIAN RIVER COUNTY BOCC CONCENTRATION ORD INST: TD BANK, NA WILMINGTON, DELAWARE DETAIL: MONTHLY FUNDING IMA:20181218C1B76E10001052 FTS:FDF1812180618100 12/18/18 ACCOUNT CLOSING DAILY BALANCE 1,555;843.55 1,555,843.55- 25,455,219.51 72,574:88 0 m m 0.00 5,789.60- 5,789.60'- 0.00 a) 0 1 0.00 646,238.04- 646,238.04 0.00 d Al 12/24/18 Purchase VANGUARD MID -CAP INDEX FUND TRADE DATE 12/24/18 SET/DATE 12/24/18 CUSIP 922908843 158.968 SHARES 12/24/18 Purchase FIDELITY INVESTMENT MM TSY 3 696 TRADE DATE 12/24/18 SET/DATE 12/24/18 CUSIP X9USD0002 646,238.040 SHARES 12/24/18 Sale 0.00 382,166.64 285,429.36- 96,737.28 VANGUARD'SHORT-TERM TREASURY FUND 1183550239539 TRADE DATE 12/21/18 SET/DATE 12/24/18 CUSIP 922031703 ` 36,606.000 SHARES 12/24/18 Sale 0.00 53,316.90 55,125.88- 40 1,808.98 - VANGUARD INTERMEDIATE-TERM TREASURY FUND Page 39 of 42 Page 9 of 12 LS659£1. s cod! fr BNY MELLON Tho Bank of New York Mellon Trust Company. N.A. Statement of Transactions by Transaction Date - Continued Statement Period 10/01/2018 Through 12/31/2018 Account 179137 Base Currency = USD INDIAN RIVER CO OPEB TRUST Realized Transaction Date Transaction Description Income Principal Cost Gains/Losses 1183550239569 TRADE DATE 12/21/18 SET/DATE 12/24/18 CUSIP 922031802 4.914.000 SHARES 12/24/18 Sale 0.00 211,182.00 211,182.00- 0.00 VANGUARD PRIME MONEY MARKET FUND 1183550239506 TRADE.DATE 12/21/18 SET/DATE 12/24/18 CUSIP 922906201 211,182.000 SHARES 12/24/18 Dividend 0.00 51,153.13- 51.153.13 0.00 VANGUARD FTSE ALL WORLD EX US INDEX FUND CUSIP 922042791 2,906.428 SHARES 12/24/18 Dividend 51,153.13 0.00 0.00 0.00 VANGUARD FTSE ALL WORLD EX US INDEX FUND CASH DIVIDEND DIV RATE: .17 EX 12242018 PAY 12242018 CUSIP.922042791 300,194.438 SHARES 12/24/18 Dividend 3,110.15 0.00 0.00 0.00 VANGUARD SMALL -CAP INDEX FUND CASH DIVIDEND DIV RATE: .32 EX 12242018 PAY 12242018 CUSIP 922908702 9.599.226 SHARES 12/24/18 Dividend 0.00 3,110.15- 3,110.15 (0.00 VANGUARD SMALL -CAP INDEX FUND CUSIP 922908702 51.230 SHARES 12/24/18 Dividend 5,789.60 0.00 0.00 0.00 VANGUARD MID -CAP INDEX FUND CASH FOR DRIP CASH FOR DRIP TRADE DATE 12/24/18 SET/DATE 12/24/18 CUSIP 922908843 5,789.600 SHARES 12/24/18 Cash Debit 0.00 427.50- 0.00 BNF:BNY FEE ACCOUNT DETAIL:REP PAYMENT FOR ADMIN BILLING DETAIL:FEE SEPT 01 TO NOV 30, 2018 A/C WITH:BANK OF NEW YORK 12/24/18 ACCOUNT CLOSING DAILY BALANCE 12/27/18 Purchase VANGUARD FTSE ALL WORLD EX US INDEX FUND Dnna AA M AO 1,615,896.43 0.00 e w N 0.00 1,615,896.43- 25,609,773.19 167,303.18 55.571.04- 55.571.04 41 0.00 Dene lnnf 11 Isss'8£t s cod! ♦ fr BNY MELLON. The Bank of New York Melton Trust"Company, N.A. Statement of Transactions by Transaction Date - Continued 000054 X81173M1 E' Statement Period 10/01/2018,Through 12/31/2018 Account 179137 Base ,Base Currency = USD INDIAN RIVER CO OPEB TRUST Realized Transaction Date Transaction Description Income Principal Cost Gains/Losses 1183600061787 TRADE DATE 12/26/18 SET/DATE 12/27/18 CUSIP 922042791 3,108:000 SHARES 12/27/18 Purchase 0.00 386,930.26- 386,930.26 0.00 VANGUARD 500 INDEX FUND 1183600062247 TRADE DATE 12/26/18 SET/DATE 12/27/18 CUSIP 922908108 1,699.000 SHARES 12/27/18 Purchase 0.00 84,072.73- 84,072.73 0.00 VANGUARD SMALL -CAP INDEX FUND 1183600061788 TRADE DATE 12/26/18 SET/DATE 12/27/18 CUSIP 922908702 1,351.000 SHARES 12/27/18 Purchase 0.00 118,397.05- 118,397.05 0.00 VANGUARD MID -CAP INDEX FUND 1183600061712' TRADE DATE 12/26/18 SET/DATE 12/27/18 CUSIP 922908843 3,187.000 SHARES 12/27/18 Sale 0.00 644,971.08 644,971.08- 0.00 FIDELITY INVESTMENT MM TSY 3 696 TRADE DATE 12/27/18 SET/DATE 12/27/18 CUSIP X9USD0002 644,971.080 SHARES 12/27/18 ACCOUNT CLOSING DAILY BALANCE 1,615,896.43 1,615,896.43- 25,609,773.19 167,503.18 12/31/18 ACCOUNT CLOSING PERIOD BALANCE 1,615,896.43 1,615,896.43- 25,609,773.19 167,503.18 Cumulative realized capital gain and loss position from 12/31/2017 for securities held in principal of account: Short Term: 0.00Long Term: 1,101,609.84' The above gain and loss position does not include transactions where tax cost information is incomplete or unavailable. 42 Page 41 of 42 Page 11 of 12 BNY MELLON The Bank of New York Mellon Trust Company. N.A. Statement Period 10/01/2018 Through 12/31/2018 Account 179137 Base Currency = USD INDIAN RIVER CO OPEB TRUST Cash and securities set forth on this Account Statement are held by The Bank of New York Mellon, an affiliate of The Bank of New York Mellon Trust Company, N.A. In addition, The Bank of New York Mellon Trust Company, N.A. may utilize subsidiaries and affiliates to provide services and certain products to the Account. Subsidiaries and affiliates may be compensated for their services and products. The value of securities set forth on this Account Statement are obtained by The Bank of New York Mellon Trust Company, N.A., from its affiliate, The Bank of New York Mellon which determines such values for Corporate Trust on the basis of market prices and information obtained by The Bank of New York Mellon from unaffiliated third parties (including independent pricing vendors) ("third party pricing services"). The Bank of New York Mellon has not verified such market values or information and makes no assurances as to the accuracy or correctness'of such market values or information or that the market values set forth on this Account Statement reflect the value of the securities that can be realized upon the sale of such securities. In addition, the market values for the securities set forth in this Account Statement may differ from the market prices and information for the same securities used by other business units of The Bank of New York Mellon Trust Company, N.A., The Bank of New York Mellon or their respective subsidiaries or affiliates based upon market prices and information received from other third party pricing services utilized by such other business units. Corporate Trust does not compare its market values with those used by, or reconcile different market values used by, other business units of The Bank of New York Mellon Trust Company, N.A., The Bank of New York Mellon or their respective subsidiaries or affiliates. Neither The Bank of New York Mellon Trust Company, N.A. nor The Bank of New York Mellon shall be liable for any loss, damage or expense incurred.as a result of or arising from or related to the market values or information provided by third party pricing services or the differences In market prices or Information provided by other third party pricing services. 43 Page 42 of 42 Page 12 of 12 INDIAN RIVER COUNTY,. FLORIDA MEMORANDUM TO: Jason Brown County Administrator THROUGH: Stan Boling, AICP Community Development Director FROM: Sasan Rohani, AICP S �' Chief, Long -Range Planning DATE: SUBJECT: February 28, 2019 Request for Board Authorization to continue Affordable Housing Advisory Committee (AHAC) Meetings to Review Affordable Housing Issues and Make Recommendations to the Board It is requested that the following information be given formal consideration by the Board of County Commissioners at its regular meeting on March 12, 2019. DESCRIPTION AND CONDITIONS On December 4, 2018 the Board of County Commissioners (Board) directed staff to schedule a meeting of the Affordable Housing Advisory Committee (AHAC) to discuss, study, and review affordable housing issues within the county. Based on discussion at the December 4th meeting, the Board's desire is that the AHAC identify problems and opportunities related to affordable housing and provide recommendations to the Board (see attachment #1). Per the Board's direction, an AHAC meeting was held on February 14, 2019. The meeting was conducted similar to a workshop, with many interested parties providing input and participating in discussions (see attachment #2). During the February 14th meeting, the AHAC reviewed existing affordable housing efforts and various aspects of housing affordability such as unit size, location, land cost, cost of construction materials, zoning regulations, and challenges encountered by developers and non -profits that provide affordable housing. In addition, the AHAC reviewed local government policies and procedures, ordinances, and land development regulations that encourage or facilitate affordable housing, especially County policies and provisions. The AHAC also reviewed information on local wages and income for very low, low, and moderate income workforce residents. Because the issue of affordable housing is complex and includes many factors involving the county, the cities, private sector industry, and non-profit organizations, members of the AHAC (with staff's support) decided that it needs to conduct multiple public meetings during 2019 and 2020 to study the issue thoroughly and report its findings and recommendations to the Board. In staffs opinion, meetings will need to be scheduled two to three months apart to allow time for effective research and coordination between meetings. 44 F:\Community Development\SHIPWHAC- Affordable Housing Advisory Committee (AHAC)\AHAC 2019\BCC Authorization to Continue AHAC meetings March 12, 2019.doc :Since the February 14th AHAC meeting, staff has coordinated with the committee chairman and continued to conduct research. In anticipation of authorization from the Board for the committee to move forward with its assignment, staff is preparing for an April and a June AHAC meeting followed by a summer recess with resumption of meetings beginning in September. The next AHAC meeting is tentatively scheduled for April 24, 2019 at 9:30 a.m., pending approval of the requested Board authorization. Although the committee is committed to a process that may take its work into 2020, staff will advise the committee that it may make "interim recommendations" to the Board rather than wait until its work is completed on all items it will consider. Last year, the use of "interim recommendations" by the Development Review Committee was successful in initiating early positive changes during that committee's review/evaluation process. Staff believes similar flexibility for the AHAC's work will be beneficial. RECOMMENDATION The AHAC and staff recommend that the Board authorize the AHAC to continue conducting multiple public meetings to review relevant information and analysis, to make findings, and to make recommendations to the Board including any "interim recommendations" the committee wishes to make. ATTACHMENT 1. Draft minutes from the December 4th 2018 BCC meeting 2. Draft minutes (with attachments) from the February 14, 2019 AHAC meeting F;\Community Development\SHIP\AHAC- Affordable Housing Advisory Committee (AHAC)\AHAC 2019\SCC Authorization to Continue AHAC-meetings-Match 12, 2019.doc 45 2 Board of County Commissioners Meeting Minutes - Draft December 4, 2018 B. Commissioner Si • n Adams Vice Chairman 14.8.1. 18-2563 ' : quest Board Consideration for Di ussion re Oslo Cemetery Recommended Action: Disc ,s and Consider Attachments: Commissio rs Memorandum Oslo Cemeter raft A. reem nt Vice Chairman A• ecapped that people who have relatives buried at the Oslo Cemetery (the emetery) have formerly not been allowed on the site, and relayed that the cue owner, Michael Gregory M.D., is now .willing to donate the property to t Cou y. She noted that one individual has been waiting two years to bury h: mother .t the site, and that the use of the Cemetery would be restricted to i dividuals wh have family interred there. She mentioned that the origina s eed stipulates that if the property ceases to be used as a cemetery, it should tomatically revert t. the grantee (the County). Chai . an Solari voiced that ownin a cemetery was not a proper government fun ion; whereas Commissioner Fle her remarked that the Oslo Cemetery w s still an active cemetery. A motion was made by Vice Chairman Adams, econded by Commissioner O'Bryan, to approve the Gift Agreement by and tween Indian River County and Michael W. Gregory, M.D. a/k/a Oslo Cemetery, Inc. Themotion carried by the following vote: Aye: 3 - Vice Chairman Adams, Commissioner O'Bryan, and Commissioner Zorc Nay: 2 - Chairman Solari, and Commissioner Flescher C. Co issioner Joseph E. Flescher D. ommissioner Peter D. O'Bryan E. Commissioner Tim Zorc 14.E.1. 18-2564 Request to Discuss Scheduling a Workshop on Housing Affordability Recommended Action: Discussion Attachments: Commissioners Memorandum Commissioner Zorc proposed a workshop to be held to discuss housing affordability in the County. He noted that the workshop would be to explore how the wage scale of County businesses compares to the housing market. Indian River County Florida 44 15 Board of County Commissioners Meeting Minutes - Draft December 4, 2018 A brief discussion followed about housing costs and wages, after which the Board consensus was to task the Affordable Housing Advisory Committee (AHAC) to research this topic. County Administrator Jason Brown confirmed that he would convene a meeting of the AHAC to discuss this topic. It was suggested that Commissioner Zorc invite any interested builders to the meetings �n affordable housing. Referred to Staff 15. SPECIAL DISTRICTS AND BOARDS A. Emergency Services District B. Solid Waste Disposal District C. Environmental Control Board 16. ADJOURNMENT There being no further business, the Chairman adjourned the meeting at 11:49 a.m. Indian River County Florida Ze 16 AFFORDABLE HOUSING ADVISORY COMMITTEE There was a meeting of the Indian River County Affordable Housing Advisory Committee (AHAC) on February 14, 2019, at 1 PM in Conference Room B1-501 of the County Administration Building B, 1800 27th Street, Vero Beach, Florida. An audio recording can be found at http://www.ircgov.com/Boards/AHAC/2019.htm. Members Present Julianne Price, President, Every Dream Has a Price, Chair Cindi Dixon, Employer Representative Linda Morgan, Progressive Civic League, Small Business Owner Laura Moss, Councilwoman, City of Vero Beach (COVB) Jason Nunemaker, City of Fellsmere (Alternate) Noah Powers, Town of Orchid Mark Seeberg, Real Estate Professional in Connection with Affordable Housing Tom Slater, Town of Indian River Shores Bob Solari, Board of County Commission, Non-voting BCC Liaison Sheryl Vittitoe, President, Habitat For Humanity, Vice Chair Members Absent Mary Cone, Banking or Mortgage Industry Evan Esposito, Residential Home Building Industry Kenneth "Chip" Landers, Local Planning & Zoning Agency Mark Mathes, City of Fellsmere James McAlhany, Building Contractor, SHIP Bob McPartlan, City of Sebastian David Myers II, Mortgage Industry David Washington, Essential Services IRC Staff/Officials Present Susan Adams, IRC Commissioner, District 1 Stan Boling, Community Development Director Dawn Bradford, Housing (SHIP) Planning Assistant. Jason Brown, County Administrator Patricia Cappello, Planning Technician at IRC SHIP office Bill DeBraal, Deputy County Attorney Robin Miller, Rental Assistance Director Ed Offutt, Commissioner. Assistant, Recording Secretary Dylan Reingold, County Attorney Sasan Rohani, Chief, Long -Range Planning Bill Schutt, Senior Economic Planner Tim Zorc, IRC Commissioner, District 3 1 AHAC Unapproved 147174CtInT z Feb 14, 2019 48 Others Present Richard Bialosky, Local Architect Anthony "Tony" Brown, President of IRC NAACP Jerry Flick, Non-profit Developer Lisa Frazier, City of Sebastian Community Development Director Andrew Harper, President of RAIRC Louise Hubbard, Treasure Coast Homeless Services Council, Inc. Joe Idlette III, Indian River Neighborhood Association Ursula Kupferer, Center State Bank Colleen Lafferty and Perla Penaloza, Lafferty Group Real Estate Matt Lipoff, Southport Financial Services, Inc. Leigh Anne Uribe, Florida Department of Health David Willis, Indian River Habitat for Humanity Laura Zorc, School District of Indian River County Call to Order (1:08 PM) Chairman Price called the meeting to order at 1:08 PM and noted a quorum was present. Election of Chairman — Action Required (1:10 PM) ON MOTION BY Ms. Morgan, SECONDED BY Mr. Nunemaker, the members voted unanimously (9-0) to elect Ms. Julianne Price as Chair of the Affordable Housing Advisory Committee for 2019. Election of Vice -Chairman — Action Required (1:11 PM) ON MOTION BY Ms. Price, SECONDED BY Mr. Seeberg, the members voted unanimously (9-0) to elect Ms. Sheryl Vittitoe as Vice Chair of the Affordable Housing Advisory Committee for 2019. (1:12 PM) Chairman Price agreed to add Commissioner Zorc's presentation to the meeting agenda, with consent of the members present. Approval of Minutes — Action Required (1:13 PM) ON MOTION BY Ms. Dixon, SECONDED BY Mr. Nunemaker, the members voted unanimously (9-0) to approve the minutes of November 15, 2017 as presented. 2 AHAC Unapproved Feb 14, 2019 49 Purpose of the Meeting and Review of IRC Affordable Housing Data, Programs, and Regulations (1:13 PM) Mr. Rohani presnted a series of slides on the current status of affordable housing in IRC, including the widely -accepted definition of affordable housing. (See Attachment 1 for Mr. Rohani's presentation.) Mr. Rohani reviewed the "Out of Reach" 2018 report for Florida and IRC, and discussed the components of affordable housing (size, location, land cost, cost of construction materials, zoning regulations, fees, and developers) and other relevant housing data. (1:35 PM) Commissioner Zorc followed by presenting data'on actual wages, detached home sales, and rental costs in IRC. (See Attachment 2 for Commissioner Zorc's presentation.) He stated that IRC is hoping to get significantly more State Housing Initiative Partnership (SHIP) funds from Tallahassee in the coming years than it had previously, and remarked that large chunks of contiguous acreage were needed for affordable housing developments. (1:54 PM) Mr. Rohani resumed his presentation with a review of IRC's affordable housing programs (see slide 27 of Attachment 1). During his.session, Councilwoman Moss asked for further details about how much money IRC contributed to SHIP and how much was returned from the State to the County; Commissioner Zorc specified that IRC sent about $1.8M to Tallahassee last year and received about $345,000 back through the State SHIP program. Mr. Rohani then finished his report by recounting IRC's regulations and policies supporting affordable housing. Mr. Slater then stated that the Committee really needed an estimate of how much affordable housing is still required in IRC, a specific measuring stick of "where we need to go." Reports by City Representatives -- Policies and Initiatives in Support of Affordable Housing (2:15 PM) Councilwoman Moss of Vero Beach stated the need for distinct action items in order to make forward progress. She divulged that the COVB recently completed a revision of its comprehensive planning policy document and proceeded to enumerate points from the document relevant to the affordable housing dialogue. With much of the COVB housing supply having been built in the 1970s and 80s, Councilwoman Moss stated the City was essentially "built out." She added that 54.5% of COVB homeowners spend over 30% of their income on housing costs, a percentage comparable with homeowners in Indian River County and the State of Florida. Among households with incomes less than 80% of the area median income, Councilwoman Moss asserted that the rate of severely cost -burdened households is greater for renters than homeowners, although this number is expected to decrease slightly over the next 20 years for both groups. (2:23 PM) Ms. Frazier reported that the City of Sebastian is working to update its comprehensive plan by 2020 but "tracks the County as far as income and housing costs," and that Sebastian has three subsidized housing developments and multiple mobile home parks. One mobile home park is under consideration for redevelopment, to include tiny homes, but the prospective developer's price point for these was still 3 AHAC Unapproved Feb 14, 2019 50 $120,000. She added that Sebastian is a Community Development Block Grant (CDBG) entitlement city, but no one has applied for those dollars since 2015. She related that the City wants to use CDBG funds to support its large population of veterans. (2:26 PM) Mr. Nunemaker disclosed that Fellsmere has small -lot subdivisions, but with an average family size of 3.2 people, affordable housing or "tiny house" developments can lead to increased code violations (in terms of excessive parked cars and similar issues), so the Town does not wish to "overpack" them. He aired concerns about how the growing cognitive divide could result in many living -wage jobs (such as truck drivers) disappearing in the near future, but stated that the trend was still toward more people occupying houses, not less. (2:28 PM) Mr. Slater from the Town of Indian River Shores expressed that his community is also nearly built -out. The Town, hence, has no affordable housing plan at all, but if the County and other communities wish to set up targets, the private citizens of Indian River Shores are willing to contribute. Reports from local non-profit housing organizations (2:29 PM) Ms. Vittitoe commented the Habitat for Humanity (HFH) was currently in the third year of a five-year plan, and during the 2015/16/17 timeframe HFH had served about 145 families per year, including neighborhood revitalization actions -- such as roof repairs -- for about 100 families per year. They also provided scholarship funds to HFH family members who sought higher education. Ms. Vittitoe related how HFH pulls families out of overcrowding and reduces their expected workload, as a Habitat home costs less than $600 per month. Finally, she stated that HFH families in IRC pay a total of over $240,000 in property taxes each year, so they are giving back in direct fashion to the greater community. (2:35 PM) Chairwoman Price recounted that Every Dream has a Price (EDHAP) was born in 2006 to fill local housing gaps using labor and materiel donations from subcontractors and builders. She conveyed that EDHAP focuses on new construction and rehabilitation projects for very low income households, seniors, veterans, and homeless pregnant women. (2:38 PM) Louise Hubbard of Treasure Coast Homeless Services Council (TCHSC) revealed that 54.9% of renters in IRC are overburdened, but that her organization had screened 1,324 households facing eviction in the last seven months and helped 523 homeless families/individuals with security deposits and up to three months' rent. She advised that the rental market is very tight in IRC, and some landlords look for double security deposits and "perfect credit," a difficult standard. TCHSC also placed 129 IRC families into emergency shelters by working with local hotels. The organization applied for permanent supportive housing funds from Housing and Urban Development (HUD) and received $1.5M, paying $801,000 to landlords to help 165 households for a whole year at a time. Since all properties used by TCHSC must pass HUD requirements, she explained that inspecting houses is a continuous burden. Ms. Hubbard also 4 AHAC Unapproved Feb 14, 2019 51 summarized TCHSC's efforts in assisting homeless veterans and unaccompanied females. (2:45 PM) Ms. Miller of IRC Rental Assistance described the County's efforts with "Section 8" and Veterans Affairs Supportive Housing (VASH) funds from HUD, specifically how those resources had been used to house 362 persons, including veterans. Most recently, she stated that HUD provided 46 leasing vouchers for veterans, and 41 of those had been used. Discussion of Obstacles to Affordable Housing (2:46 PM) Ms. Lafferty and Ms. Penaloza stated that residents of affordable housing sometime need budget training to make better choices, especially when SHIP requirements are so stringent and housing prices are on the rise. Mr. Saxton commented that affordable housing units must be located near grocery stores, existing utilities, and other services, and that the number of suitable properties was small and the number of those for sale even smaller. He emphasized that streamlining and expediting the rezoning process would be helpful, as would allowing more density in multifamily zoning districts. Mr. Lipoff concurred that low housing density demotivates the construction of affordable housing in IRC. (3:00 PM) Mr. Seeburg left the meeting. (3:03 PM) Mr. Flick specified that a key problem in IRC is that the average sale price for affordable housing should be around $150,000, but that this is not a profitable number for local developers. Mr. Flick added that he estimated IRC's need as 8,500 rental units and an equal number of free-standing homes. Mr. Slater again mentioned the need for a goal, right or wrong, at which point he believed the conversation could progress to what's needed to hit the target. Ms. Dixon added that population and employment growth is relevant to the discussion, and that signs of another housing "bubble" (like 2008) were present. Mr. Powers reemphasized the importance of beginning with a goal in mind and then gauging success against the goal a year from now. Discussion on Scope of Mission and Other Items for Further Consideration (3:14 PM) Commissioner Solari recommended the AHAC achieve better understanding of affordable housing success stories in other Florida counties. He warned that the size of homes was a big factor in finding an acceptable way forward, and that asking for increased density in affordable housing developments would result in a local political fight. Finally, Commissioner Solari stressed the importance of the AHAC taking the time to learn the issues first before setting any concrete goals. Councilwoman Moss summarized that the main elements the AHAC should be studying presently include funding, available land and zoning, population, employment growth, and nearby case studies. Mr. Harper then contributed details regarding the "Vancouver model" of community development -- although noting this model may not be applicable to IRC -- and mentioned the importance of reducing impact fees. 5 AHAC Unapproved Feb 14, 2019 52 (3:20 PM) Mr. Bialosky next declared that the most important thing to understand is why IRC needs affordable housing and described specific examples where employers sought to provide affordable housing to their employees and received tax credits for their efforts. Mr. Anthony Brown remarked that the AHAC must define what affordable housing means in IRC, asking whether it means rental units or home ownership; he stressed it should mean ownership, and returned to the importance of training affordable housing occupants to "springboard to ownership." Mr. Lipoff cautioned that there are few applications approved each year in the area of Low -Income Housing Tax Credit (LIHTC) tax grants. Ms. Hubbard stressed that there are virtually unlimited numbers of models and alternatives IRC could follow to start on the path to improving its affordable housing outlook, but that IRC must first determine "what it wants to be" and clarify where it fits into the overall affordable housing plan for the entire community. Commissioner Solari agreed that, for IRC, it is a matter of defining the goals and committing to the hard work of pushing them through the political process. (3:38 PM) ON MOTION BY Mr. Slater, SECONDED BY Ms. Morgan, the members voted unanimously (8-0, without a quorum) to recommend that the Board of County Commissioners (BCC) authorize AHAC to lead the process for improving access to affordable housing and designate AHAC to deliver key recommendations to the BCC on affordable housing. Other Matters (3:40 PM) Mr. Boling indicated that there are different programs to address s the affordable housing needs of different populations, and that IRC cities can help with adding affordable housing units because every unit provided and every household helped is important progress. Mr. Boling also stated he would coordinate with Ms. Price to develop the agenda for the next AHAC meeting. Adjournment (3:41 PM) There being no further business, Ms. Price adjourned the meeting at 3:41 PM. Attachments Atch 1 — IRC Community Development slide presentation, Feb 14, 2019 (S. Rohani) Atch 2 — IRC Commissioner Zorc slide presentation, Feb 14, 2019 (T. Zorc) 6 AHAC Unapproved Feb 14, 2019 53 Attachment 1 to AHAC Minutes February 14, 2019 Affordable Mousing Advisory Cornmittee February 14, 2019 Happy Valentine's Day 54 Purpose of the Meeting On December 4, 2018 the BCC directed staff to schedule a meeting of the AHAC to discuss, study, and review the affordable housing issue within Indian River County. First meeting tasks are to: © Review current information provided in meeting packet and presented at the meeting © Determine direction and focus of committee's review and scope of its evaluation 55 Purpose of the Meeting During the February 14th meeting, the AHAC will review: >existing affordable housing efforts >various components of housing affordability such as: o Unit size o Location o Land cost o Cost of construction materials o Zoning regulations, o Developer issues, challenges, profits o Local government policies and procedures, ordinances o Land development regulations that encourage or facilitate affordable housing o Information on local wages and income for very low, low, and moderate income workforce residents 56 AHAC Meetings © Affordable housing is complex and includes many factors involving: > private sector industry non-profit. organizations >the public sector >the AHAC will need multiple meetings to study the issue thoroughly and report its findings and recommendations to the Board >Staff anticipates meetings will need to be scheduled several weeks apart (perhaps every two to three months) to allow time for effective research and coordination between meetings Initially, the AHAC will need to form the scope of its evaluation and determine how to focus on the most effective items. 57 Review of Affordable Housing Definition and Data m Affordable Housing Definition • Portion of Out of Reach Report for general information and for Florida • ALICE (Asset Limited, Income Constrained, Employed) in IRC • Components of housing affordability (unit size, location, land cost, cost of construction materials, zoning regulations, fees, developers) ® .Construction material cost and construction forecast report ® Builders Profit Margin ®' Income (wages) e Other Data 58 Affordable Housing Definition Housing affordability has two main components: housing costs and household income Monthly Rent, or Mortgage payment including taxes and insurance do not exceed 30% of the household gross income Housing Costs: Mortgage Principal 4 - interest + Taxes 4- insurance Total Debt: Housing costs 4 -.other obligations (si_rch as car payment, credit card payrrient, etc.) 59 Housing Cost The 30% income threshold is especially critical for very low and low income households to cover basic, non -discretionary needs • Such households paying over 30% of their income for housing costs are considered cost burdened e Households paying over 50% of their income are considered severely cost burdened For households. with higher income, the 30% threshold is. not as critical since such households have discretionary income that can be directed toward housing if 'so desired. by that high income household 60 National and Local Trends on Sizes of New Homes • Increased housing costs and shortage of modestly sized and affordable housing stock will put housing out of reach of various segments of the county population o More Builders building larger homes ® Nationally only about 5% of new homes built are smaller than 1400 sf • Locally Only about 1% of new homes built are smaller than 1400 sf 61 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 30% of new homes were 3,000 square feet or bigger in 2017 New single-family houses completed by sq. feet of floor • area Et 1,400 to 1.799 ris 3,000 to 3.999 Und6r 1.400 ra 2,400 to 2.999 ic 1,800 to 2,399 at 4,000 or mare Cr> CD CO •••4•• in CO 1,- CO c'') CD .1- CV 0") es- AC) CO N- O) CD 0 CD C> CD CD CD CD CD C> CD C> C> (=> C> CD C> C:> CO 0 CD CD CD .4- 04 04 04 01 04 04 0.1 04 04 CN 04 04 04 04 04 04 C-4 pouf %du, P.:141. r'k• 12 2r)It'd 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 62 100% 9035 8095 70% GO% 5O% 40% 30% 20% 10% J Unincorporated Indian River County Residential New Construction 2005 - 2018 2005. 2006 2007 2008 2009 2010 2011 2012 2011- 2014 2015 2016 2017 2018 D Percentage of homes under 1500 sf Total homes 63 2018 OUTof REACH THE HIGH COST OF HOUSING 111, ;.. . )rA-.r 1 . •oryw . Ireselr. *re - 'r l!i Pot cu... • , '�,a I mak• r ` MAGE POSSIBLE BY THE GEN N Eik',tIt .t t r. 64 https://nlihc.org/sites/default/files/oor/OOR_2018.pdf 65 OUTof REACH 2018 HOURS AT MINIMUM -WAGE NEEDED TO AFFORD A ONE -BEDROOM RENTAL HOME AT FAIR MARKET RENT Hours at minimum wage 40 hours per week or fewer M 41 to 50 hours per week 10.51 to 60 hours per week III 61 to 80 hours per week III Moro then 80 ho,us pre week 'Noun New Lugland .tat,,. are displayed with :IIID ra„ MA rtei t Rent Arne., Ali other nitons aro dnp'syed at the county lovol. This map does not .srunt W, rho 37 totalities writsminimum wages higter than the standard stsrn or }e,nrxl mhdmunt wayo ?7o local mmu, in,n wages nrn sof cunt to au fra.0 a one oerlronm metal hnr•m at the Pao market RnnI with a CO -hour workweek. nut {teograuhlc murvrnn nl Ornrynn and New York's surto mm,rnum wage. are rcnnc;nd et O'er a ounty toyer. Poo to Peru is excluded duo 10 wage cnmpnrnotity is:ucs. Nouunal Low'lcome Housing Coalition www.nlihc.org/oor NATIONAL LOW INCOME HOUSING COALITION 66 STATE", , RANKING It In Florida, the Fair Market Rent (FMR) for a two-bedroom apartment Is 51,118. In order to afford this level of rent and utditles—without paying more than 30% of income on housing — a household must earn 53,726 monthly or 544,716 annually. Assuming a 40 -hour wort. week, 52 weeks per year, this level of income translates into an hourly Housing Wage of: FACTS ABOUT FLORIDA: AtEtATE FACTS. tniml,,m Wage ^rage Renter Wegw 2 -Bedroom Housin s War, ti,tmner of Renter z}s-uee91. ki: I 58.25 , 516,10 521.50 2,605,942 35% i?omen t Renters MOST EX-PENSIVE:AREAS ISING GE, Monroe County est Paten Beatit-Boca Raton HMFA e Nt�Fr. Miarrt-Miami Beam -Kendal! HMFAµ.325,43 �y Icla°}d MSA 1 523.46 NM rt r.1tir..et b ted sls'he t+: ".r'+r tro W I,NCOMC HOUSaN:i CCAti'iON Napres.lnirnokdlev= iS'A n en nernettnark kw. N.%. - a ,-•,T+rp...iN.ro /9,x, CVY ne (MACH torn t'lAx= 104 W04 ityy. nor WPM, At Minimum Wage to Mord, 243a drool. Ra.1nt Homo Rot MIR) 2.6 (4,4, d.r 1T,.,,e Jed. At Mfn}m.m Wng. To A4o•d 2.5odroom Ra tel Horne :at +MR) 'moo en+rxr Fr+R 0-, mc•ro., rag wrro weer me en2.nr want an.., _.5_,.— entre SV $21.50 PER HOUR STATE HOUSING WAGE 84 Wnrn Hours Per Weak At Mennen, Wag. To ARced a 1 -Bedroom Rental Home (at FMR( 2.1 n:, --he, o" W. -lira ;orn at Minimum Wag. To Aflyd a 1 B.droom Rental Home .,t'uR I11111003=61,110 Side 11111111.1r2311.11111151.676 111111Man$"7 ▪ 5429 ▪ 5225 SO 1:40 1+,:% 1',.% f? .O 52 67 Y58 HOUSING WAGE 218,5 t HOUSING COSTS 703,3.84 180311000,3 1127 777773 v7,74,, 777. 750 lo /f1.44 18 27033 907 2 ER FUR If* 1M0, AREA MEDIAN INCOME (AMI) RENTERS 44 8101444 5240589 1771 147,,71 914 .-71077714,7 Jt trinyd4bs. P4mte % of t....4 4.1f7r717 07,777, 7,-421 4077e527.4 320, st 10'. h70,7772d, 4330757207 (7044,70.27 010771 4",f ,,,434 1,, 7.0:' 31 Ail' ig WI ri kV! 17012-33145 i2011 2017, (2110 re77,727 34473 E.7 tma '25.22.5-t.itty 54350 5616 527,420 16 546,700 51.040 554,537 5350 1,409 229' 911.59 5707 1.0 -3-..931Cou54y 592 2 t 5947 '337,600 22 569,933 51,745 920 970 5524 142,125 429. 917 01 5605 1.0 •Lf.tt.,.. C70:0, 03,27 5846 033,843 .20 560.206 51,633 319.560 5439 06075 209 51533 1735 15 01 tgter C4u5ty 5136) 8967 .832,895 2,3 .054900 01.473 517470 5442 8,217 239 51249 5649 1:5 -2tt5i115 Cou5ty 51545 9781 531,350 55 3510423 51.200 515 369 3394 1,151 279' 55160 3574 1.4 634.51en'Count3 51042 5958 138.325 ,2.2 567.420 51.605 520,220 5506 4,873 399 57 51 5456 1.9 "0,1425,1Cluttt.; 517.19 5594 535,760 .2.1 571.3353 15.733 571,390 5535 1,102 18-33 00 35 5425 53 0132,5'2'0,1y 52575 5724 131.366 18 11-1,95131 51040 012,570 5314 1,015 0.9.9 514.35 1745 i 1 (3,:ff C5...5ti 51704 5590 135,60 21 852 60% 51 315 915,700 1395 1.353 253, 512.52 8654 1 4 tiet3.1535 tot.nty 553. 0696 .027,110 1.6 521.300 51.003 512.875 5325 1.291 27% 01057 5751 1.2 5131? 5526 827,240 56 043 roe 51,403 513.110 5328 2,321 329 511.83 5518 1.1 tieHe.,2 Co 1y 915,81 5523 532,920 1.9 546.233 51,155 513250 5247 3211 329. 511.7.5 5602 1.3 19.71760: 00003,f 8251) 57955 021,809 -24 861,9133 '51 521 513,170 5479 1 5,512 . 2213 512.33 5675 1.7 9.181e-4:Carty 54517 5790 531,500 1.8 543,853 51.395 513,110 5529 9,283 24% 81054 5529 1,4 11.112-84.65q2435ti 5.3.10 51.2.6 .121,500 24 553.900 51,551 419,170 5479 205.327 229 18212 522.6 1.1 1421,85 County ' 54319 158.5 527,142 1,6 144,200 55,113 811,440 0735 1,375 20% 61 62 1295 23 541' 5544e3 21 v52--,„-ro 54, 14 519,303 5495 54.3,23 e,„-„, 41374 7403 24 .15,1 ten COVAty 91319 5656 327,490 1,6 547,7010 51,193 514.310 5358 2.879 29% 59.62 5504 14 2-25,59n C3-954 513 42 5958 436,120 1 2 887,4021 11,625 020.200 5506 1,196 2113 8613 5479 7.2 itt41eit, 605:y 513.17. 546 527,495 16 012.,%2 51,568 0560 0372 413 959 871) 5475 71 15145118813 02336 15,055 '8=3,0 26 562,9- 55.573 119.875 ',,470 .31,704 2ek 512.84 5851 17 lex Count? 513.32 9756 9.36,240 .2.2 033.734 11,591 556,116 5478 e0,03 3513 914 38 0748 15 .0866(4891y 019 21 058 526)20 .21 807,45 51,675 529,229 5506 53,07 Z49. 912 32 5641 1.5 595660005' 51306 -5956 9.27,440 1.6 547,19393 51.175 811,146 5353 3.220 250, 5978 12.82 14 5.-5.ttty &tart, 013.1? 3886 037,440 1.6 555,453 51,395 516.620 5216 575 049 0106' 5773 .0.9 Ma et,on C2,2:ty 5319 1586 527,420 .. . 1 6 523790 51 673 513,110 4308 1.432 719, 5085 5512 1.2 571,17wiei4e FM P(S 3). Si' tr., 2:2? -77, s'747. 7.7», 455,5',i' 511. 077, 393,1.0,1,3.83,433,53.8 131,04. ,.1 ''c1' '18' 1,ee r8119,', O '7-'7•7711e' 10913 ,9F -5 telt 415 g-9-1,!ty .5:95,t05t.t5.5r26367,4 -3,5 4,11 1881 131:1. 8:1, 0, V7,, 68 ALICE Report Asset Limited, Income Constrained, Employed (ALICE) http://www.uwof org/alice 69 ALICE IN INDIAN RIVER COUNTY 2016 Point-in•Time Data Population: 151.563 • Number of Hous'eholds: 55,427 Median Household Income: S49,072 (slate averoge: S50,860; Unemployment Rate: 5.5% (state a,reratjo. 6.0%) ALICE Households: 40% Wale avetacir-: 32%) • Households in Poverty: 11% (state average:14%) How has the number of ALICE households changed over time? ALICE -is an acreaymfor Asset Lirnled, Income Constrained. Ernpiwed — households that earn, more nark the Pederal poverty Level, but less then the ba=il cost of living for tne county (the AUCE Threshold). Combined. the n:Aber of A'_!CE-and poverty -level homenolds ai the total boputatirm.struuniing to afford Lusk: neert,.The number of households below the ALICE Thre.sheld changes over time; households move in and out of poverty and ALICE status a,,Aheir circumstances improve or sr?rsen. The recovery, 7-.1;,311 started in 2010, has been uneven across the state. c'onditions have improVed for some farniiies: but with mina corits. many tU find themselves struggling. Households by Income, 2010 to 2016 70.000 60,000 50.000 I40,000 2 30.000 X it).000 10.000 53,161 55,950 65% 65.619 65.427 .490 2010 •Poverty 2012 ALICE 2014 2016 Above AUCE Threshold 70 We haven't seen the overbuilding trends that accompanied the previous housing market cycles. Household formation should support demand for homes over the next few years. This cycle has not yet seen over -building in the housing market Residential construction starts, t Immo 0.501 1985 1990 1995 2.000 2005 2010 2015 2020 2025 2030 2035 2040 Gavekal DataiMacrobond 71 Construction Cost Trends January 2018 Posted, January 4, 20111) ©NI Building News Construction Costo January/February 2018 Sourest; UR Department of 1. ober, Produoor Pr ice Indox The construction economy is stili good. Commercial is strong and residents' is stilt in positive territory tic using micas ate still moving upwind mostly due to N lanai of inventory And pent>up demand. The major disappointment Is that public construction is down. Public construction has been stalled, but it may finally climb out Of its slump with the rebuilding efforts we usually son following large hurricanes. UnfortunntnIy, Ihn infrastructure initiative we've boon promised in Washington seems to also be stalled right now. so no help there. Wages aro up 4 b% for the year. AH in all, the construction industry will probably remain Strong for next year. - 240 2: 230 225 220 2:5 2'n 205 Construction Materials 0 0•1 1. e 3°~t' 3CSo� 4y SJ d'" Sad o $ 3.) COn0truction Materials Construction commodities roman up, while some still chow double-digit gains. Fuel will remain high until the refineries m t oxas gut up to full wadi isiion (though l ISos in the pncu of crude may continue to keep prices high). Matenuls arc 4-5% up for the year and apposr to be continuing to iisn. 72 240 230 220 210 200 190 180 170 160 Lumber After rallying in 2016 with gains of 6%, lumber is on an accelerated path with gains of 10%. This up cycle is happening despite an erratic increase in housing starts, We'll just have to watch the effect of supply/derriand on, lumber. With the housing industry not behaving consistently, forecasting the price of lumber has become quite a challenge. 73 280 - 270 260 250 240 230 220 2,0 Concrete Products 200,,r,1l1r,r1 ,11 11,11( el, 1 1111, IIlk 1111,I11111111Tr11,111 sir r�fiy t`h �b �b �tS �h y�3�j �( Te{i S b �C� r�� e yrs e tq) ti� t -e �i} . varX �� �} { C nr -5i ` Cement and Concrete Products After both up and down moves, concrete now seems to be on a steady upward -trajectory. Sand and stone are still flat to down, but the price of fuel and cement are up. For the last four years, the components of ready mix have been going in different directions, a possible explanation for the volatility we now see in cohcrete product prices. We'll keep this on the watch list... 74 t+v Structural Steel Products 265 2+J `JJ Tel tx mom= +e5 .fit Steel Products Storni was once the component everyone watched It was"down to flat and languished from 2011 through 2016. The price suddenly spiked In mid -2016 but then declined to finish the year at a 1% rise, I,. 2017 we saw a different story, as steel jumped a healthy 6-8%. 145 d0 fpJ 130 '25 20 115 110 105 Aluminum Sheet 1,'S;Sg(�A�,?^"19 Nh �b �b^��6 �11,r �1 ) Cf )a� 1�' rjd )2.(‘‘`Osew )PP ) °) °ep 5 LS )P°� )fid' e 75 Aluminum Sheet The Average Profit Margin Of Single -Family Builders Though not fulls r^covered to pre-recattinn num,=rs, tt,e. gross profit macros and net L•tofit rnatgi:w of true average single•farnity bu;'der have shown steady improvement March 22, 2016 MAI la recently condo: ted a Survey of singtc•far y builder:, asking them to pee,,. e their income statements andbalance sheets in an eifa•t to g, -;n a turthv overall u^detstnndin7 of me profit margin et sang''=.e ras.tiy builders and how $e industry t n t overt. Builders rAsnnrd:ny to tete surcry repotted an average of Si6.2 mililon in rrrvento for f•scal year 20:4, record r•^y to the Eye On Housing brag Of that $16,2 million, S3,1 2 mIlhnn was spent c:r thing: such as land costs anti d±r?r1 and indirect construct:on leaving an t6.9 percent, 631 miram Toy, prafit a:eryin, Additionally, operating expense., sur, as fi,•. ,t,:e, inti=keting, and ovmer s cc--ncermeion, ate arothet 62 r 2!-nnt leaving 61 nil on 164 i;r••cer:t} as the avenge ret pteft This t•wrgsn,is at a level rot seer: sir; e' 2026, when the grc5•. ptoiit margin fur single farrdy {udders war 2:` Byerc,:mt• lincc talhng in 2006 the gross prate mat gin leas bn TI•e net profit rraram of r 4 percent tot 2014 was 76 Hoar much profit does the average property d eveloper Make on a property development? tayteyoutrielt_thi popular Internethur4?, :this free tool applies cyerxnl'mno code on the Internet to your cart — and it's,pretty atWerome. 4 Answers $teNsp,l„hga?ler, Property Developweul li:pert 39 Years F .epetieaCe (198r, -present) A•'swe'ed Jan 27 2018 Do you.mean the property development company annually as a percentage of revenue, of cost, of turnover or some other measure? Project bascd gross profits vary depending on the risk attached to the project. Gross profit on my projects allow for company overheads, risk margin and profitmargin.. -On small projects' With short timeframes and "reasonable"risk profiles i use 25%return on cost as My basis. On lar;et projects With extended pericids of time (where risk is greater) I look for -better than -25% ranee, on eost'for the -project. - Now let's consider what the company actually gets as a rcttirn on its invcstmcnt into n project. Let's say it is a project with ytoom cost and $25m -gross margin (ie revenges are bt25tn) upon completion and it took 2 years to complete. Operating coyts (overheads) ware S$m therefore protrt7rom the project w;is 20 (or 20%). To do this project lets::ay.i had to injnet S4oni in equity. That means I made $2o.n'on my 44oin in 2 years -(55% h'inrn in total and 25% perannum ). 77 Indian River County Wages Indian River County Year Average Annual Wage % Change Average Hourly Wage% Change 2002 $ 27,426.00 N/A $ 13.19 N/k 2003 $ 28,585.00 4% $ 13.74 4% 2004 $ 30,680.00 7% $ 14.75 7%; 2005 $ ' 31,729.00 3% $ 15.25 3%'. 2006 $ 33,088.00 4% $ 15.91 4% 2007 $ 35,862.00 8%$ 17.24 8% 2008 $ 35;879.00 0% $ 17.25 0% 2009 $ 34,730.00 -3% $ 16.70 -3% 2010 $ 33,947.00 -2% $ 16.32 -2% 2011 $ 34,119.00 1% $ 16.40 0% 2012 $ 36,280.00. 6% $ 17.44 6%' 2013 $ 36,193.00 0% $ 17.40 0%' 2014. $ 37,882.00 5% $ 18.21 5%; 2015 $ 39,390.00 4% $ 18.94 4% 2016 $ 40,043.00 2% $ 19.25 2%= 2017 $ 41,572.00 4% $ 19.99 4%` 78 Indian River County Unemployment Information , 2015 & 2016 Annual Avera a 2016 Monthly v. 2015 2016 Jan Feb Mar . j Apr I May I June July Aug,Sep 61,003 61,265 ( Oct ( 61,571 Nov 62,267 Dec _ -62,708- Labor Farce 61,129 1 61,623 '• 61,776 61,920 I 62,064 61,234 i 61,180 61,330 61,288 Unem2lovment Rate 1 6.13% 1 6.1% 6.2% r 5.7% 5.5".4 5.5% I 5.5% 6.3% 6.8•% i 6.6% 6:7% .6,5% 6.2% 5.8% 2017 Annual Average 2017 Monthly 63 201 5.6% 63,026 63.833 63.139 64,OI0 63,597 Labor Force 63,715 64.121 [ 64,157 i 1 64,550 'I- 63.750 631620 Unemployment Rate 5.1% 6.3% 5.6% ' . 5.0% ( 4.706 4.9% ( 5.4% I 5.5% 4.6% 4.3% 4.5% 43% 2018 Annua Average 2018 Monthly 64,142 63,290 63,344 63,679 `64,600 3.7% L3.6Po 64,753 .9% Labor Force 63,999 63,776 64,331 63,757 i 63,902 j 64,120 Unemployment Rate 43% 164,284 4.8% 4.4% 43% x4.0% 14.1% L4.8% 15,1% 4.9% 3.9%' Source: State of Florida, Local Area Unemployment Statistics Note: Unemployment data are obtained from the Depanment of Eeonemic'Upponunity (formerly Florida Agcney for Workforce Innovation). Monthly unemployment data, are published by the state approx. I to 2 months after the particular month. See the following website for current unemployment data: hu .°tr ai t,P" :;:: ohm•t,.1 ';.p..;.-rrar et-i.;fil *r y,?rtdata-rs :cr/41ati;tic< , ' in^v1.ca1-atza-unett_plt+ tt,;"J stat tics 16.00'% 14.00% 12.00%, 10.00% 8.0096 6.00% 4.009% 2.00%' 0.00% Historical Unemployment Pattern eyo5 b NeLOO1 Lock Indian Raver Coun Stats of Florida tid�b ti�1� 79 Review of County Affordable Housing Programs (mainly owner occupied) • SHIP (State Housing Initiatives Partnership Program) -1,277 SHIP loans • HHR (Hurricane Housing Recovery Program) -482 loans (some assistance with Victory Park- rental) • Hurricane Wilma CDBG Program -33 homes rehabilitated • HOME (HOME Program)- 41 loans • NSP (Neighborhood Stabilization Program): o NSP1- 45 homes (18 of them rental-TCHSC) o NSP3- 17 homes • CDBG: o 2011 CDBG Housing Rehabilitation Grant- 24 homes rehabilitated o 2018 CDBG Housing Rehabilitation Grant- estimated 15 house to rehab To date, a total of 11919 eligible households within the county have been assisted through the county programs 80 SUBSIDIZED RENTAL HOUSING PROJECTS UNINC()RPORATEI) INDIAN RIVER COUNTY PROJECT NAME PROJECT -Jr NUMBER OF UNITS SET TYPE OF SUBSIDY -YEAR DATE RESTRICTED LENGTH OF ASIDE APPROVED PERIOD BEGAN RESTRICTED PERIOD Victory Park 100 Farmers Home Administration 1989 11/4/88 20 years Sunset Apartments 96110114 .36 LIHTC" 1997` 3/25/98 50 years Orangewood Park 100 Farmers Home Administration 1992 9/5/91 20 years Gifford Grove 94010142 61 (single-family rental) LIHTC 1993 6/13/96 30"years Indian River Apartments 94110154 180 LIHTC 1994 2/9/96 50 years Kyles Run 95110062 200 LIHTC 1996 12/11/97 50 years Gardenia Gardens 96040048 80 HUDProject/Elderly Housing 1998 3/26/98 40 years Project River Park Place 97080124 144 LIHTC/Elderly Housing Project 1997 6/24/99 50 years Lindsey Gardens Ph. I 96030057 96 LIHTC 1997 6/17/99 50 years Lindsey Gardens Ph. II 2002040003 State Bond Program 2002 4/27/04 30 years 72 The Club at Vero 96030057 184 State Bond Program/ Elderly 1998 8/15/01 30 years Housing Project Woods of Vero 98010133 176 State Bond Program 2000-01 9/4/01 38 years The Walker Avenue Club 96120101 •172 . State Bond Program 2000 9/4/02 30 years B Briar Wood of Vero Beach, 45 LIHTC 1989 9/14/89 15 years- Pinnacle earsPinnacle Groves. 2001120128 234 State Bond Program 2003 1/18/05 30 years The Palms of Vero Beach 259 State Bond Program 2003 5/31/05 30 years Total Multi -Family Rental Units Set -Aside: 2,078 Units Total Single -Family Rental Units Set -Aside: 61 Units *LIHTC: Low Income Housing Tax Credit 81 SUBSIDIZED HOUSING RENTAL PROJECTS IN MUNICIPALITIES WITHIN INDIAN RIVER COUNTY PROJECT NAME MUNICIPALITY NUMBER TYPE OF SUBSIDY YEAR DATE RESTRICTED LENGTH OF NAME OF UNITS APPROVED PERIOD BEGAN RESTRICTED PERIOD Sandy Pines City of 45 LIHTC. 1993 6/12/96 30 years Sebastian Grace Landing City of 69 LIHTC (Elderly) 1996 4/29/98 50 years Sebastian Pelican Isles City of 150 LIHTC 2003 8/16/2005 50 years Sebastian Sonrise Villas City of 160 LIHTC (farmworkers housing) 2003 8/16/2004 50 years Fellsmere Whispering Pines City of 71 HUD and U.S. Dept. of 2003-04 9/24/01 20 years Fellsmere Agriculture (farmworkers housing) Total Multi -Family Rental Units Within Municipalities: 495 Units Total subsidized housing units in the county and municipalities = 2,078 + 61 + 495 = 2,6 4 82 Review of the County's Regulations and Policies Supporting Affordable Housing 1.Housing Element Policy 1.3: Identify federal, state, and other funding sources 2.Housing Element Policy 1.6: Expedite permits for affordable housing projects 3.Housing Element Policy 1.7: Process for review of new policies and regulations 4.Housing Element Policy 1.8: Support of projects utilizing green building and Energy STAR Programs 5.Hausing Element Policy 1.9: Support housing development near transportation hubs, major employment centers, and within mixed use developments 6.Housing Element Policy 2.4: Periodically evaluate inventory of surplus .county owned lands 7.Housing Element Policy 2.5 and Section 911.14(4) of the LDRs: Provide Affordable Housing Density Bonus 8.Housing Element Policy 4,3: Offer financing for water and sewer capacity charges 83 County's Regulations and Policies Continue 9.Housing Element Policy 4.4: Maintain the Local Housing Trust Fund (SHIP) 10.Housing Element Policy 4.10: Assist Non -Profits with Community Land Trusts (CLT) 11.Housing Element Policy 4.11: Assist non -profits with Community Development Corporations (CDC) 12.Housing Element Policy 4.12: Assist Employers with Employer Assisted Housing 13.Housing Elernent Pblicy 5.1: Apply for CDBG housing grants 14.Section 971.4.1(9) of the LDRs: Provide for Small Lot Subdivisions 15.Section 971.41 (10) of the LDRs: Provide for Accessory Dwelling Units 16.Section 915.15: Provide for Planned Developments (PD) for flexible lot sizes and unit types Indian River County provides several affordable housing incentives: The adopted incentives have resulted in non-profit housing organizations providing affordable housing in the county. 84 Recommendation Staff Recommendation: that the AHAC discuss and provide direction to staff on the scope of its evaluation, determining data and specific items to consider at future meetings ®Re uest BCC authorization to conduct mu tiple AHAC meetings during 2019-2020. 85 Agenda and Agenda Items are available at http://www.ircgov.com/Boards/AHAC/2019/agendas/AHACO21419A.pdf 86 INDIAN RIVER COUNTY LOCAL HOUSING ASSISTANCE PLAN INCOME CLASSIFICATIONS ELIGIBLE TO RECEIVE UP TO 12,11,0010 ELIGIBLE TO RECEIVE- ELIGIBLE TO RECEIVE UP TO UP TO $15,000.00 $10,000.00 PURCHASE ASSISTANCE LOAN IF TOTAL GROSS ANNUAL INCOME IS: PURCHASE PURCHASE ,ASSISTANCE LOAN IF ASSISTANCE LOAN IF TOTAL GROSS ANNUAL TOTAL GROSS INCOME IS: ANNUAL INCOME IS: EXTREMELY LOW LESS THAN 30% of MI VERY LOW LESS THAN 50% of M LOW MODERATE LESS THAN .LESS THAN 80% of MI 120% of MI 1 Person 2 Persons 3 Persons 4 Persons 5 Persons $54,360 $62,040 6 Persons $33,740 7 Persons 538,060 8 Persons .542,380 537,500 $40,100 542,650 560,000 564,150 $68,250 Median Income (MI) _ $64,600.00 Source: Florida Housing F.inarice Agency $90,000 $96,240 $102.360 87 88 Households Med HH Income County Total 57,911 54,522 Mainland Total 50,653 47,112 Barrier Island Tbtal 7,258 106,237 88 2030 Indian River County Future Land Liao Map aeCnwlo t _. +S. 7040 e•a444e J.mnry 17, TO 44 G 74 l: •{ 'P • SING SS E 1,4 • • MI `. NOR 2 MS. • s+• }• a • -. 4. ••.—p r H a t • 4 14 w y't . •• 7• ,• •4 s r + as .. rs M V a4 . .p a .. .r .♦ c7s11j7'ltl'LIq"plot ..'1 Sw 4 1' • 44 .ar7 t 's FI # TS N t •ia -1 •-4 4 - 4 p a w s3 Y.4 .d O r d ftss4 30 f RNa37 3 ] 11N,5 33 E ] RIO 3: ' ] SING 40 C 89 11>. nts CCR Yt �+ urd C Olnt. IT Cls. eist ou n ft bCs. l: ars Pass r loa sn cn Woe ▪ C . CDD a v m«. o«a.1t4 r: 90 How many new jobs do you get when you create ajob in these major industries?. When you create n Iab,iitere's on eftnptoyntont ntuttipflot effect beyond the job.itsrlf. Ino far goads tinct 44,I1 , frOrt,4gxtot 61, lox rs,+yotX? :tat r,n,t]fa)=itDtN, ;Fed thoy Stioo4t3t:• A4i31moot atztv3ty Wt,g., oem,;y ar;t thr.b. trAvttucks h+ue,- •a ttk ; ,.•nflt:x lit n:t°xri "e....ikds - -W4 Cn' ;-'F; t. si-,±-+c sxF`ss :.: ih.�: i£r:e:-,'.�C1 tt'.'S-•i.+,+c�.-„i:l�^.::5 C.t!t`4.;;t '. ?ttel.Ik tnrnu(-e 1Lt{Itl' tnftit ninti. ,It No,/ ittt nt41, n 13C.f.” lnrt 41-3 trthnirat ronin•, i`htatv'e an�.t . iu•xix a,tre ( 60.1.,ara l i, •t3 am! „nrri,ntWtn@ Sj*1f t L t t fff 5,7 Y 4.2 Saiitco: c ..eial.rlr WinizxTruit%ft11cr; 6 � 7.4 new Jobs ttr ,..:xF ,tttitt,• 1:,atux stet tint f Ir;xlxh rare and .+Mint Lt.istatty, f 4ortifonai '..tvk s ,irotArtus,rint tom and f,..l xrsittO A.itn16141x ante asvt .111.t t >vrrk+r. nevi "N3rre nianit.,I'll rtl (+riot' mot •Erternririt• i'ulSci" In«titter 91 • Housing demand, supply, and prices fluctuate with business cycles • Increased housing costs and shortage of modestly sized and affordable housing stock will put housing out of reach of various segments of the county population 92 rte' NFR;r R1V%/� :„��� Occupation Minimum Wage ($8.10/hr) Teacher Assistant Cashier Waiter/Waitress Retail Soles Janitor or Cleaner Food Prep & Service CNA Main ten an ce/Repairman Laborers/Stock/Freight Assembly/Fabrication Office Clerk Customer Service Rep Hvy Equia Operator Bookkeeper (2 -yr der;re•c) Sales Rep Teacher Accountant (4 -yr degree) Fire -medic Construction Plumber/Electrician Cust Svc Mgr (4 -yr degree) RN Sheriff's Deputy Attachment 2 to AHAC Minutes Sample Occupations Salaries with H February 14, 2019 Median Salary (Dept Labor OOH) Entry Salary OR IRC 3% annual 516,848 516,848 N/A $20,869 518,794 521,346 519,229 521,735 520,147 523,370 521,214 523,593 521,368 524,656 523,173 525,245 525,069 529,061 521,135 $29,690 527,769 531,850 528,253 $32,752 524,548 532,890 531,966 537,057 533,036 $38,297 537,278 543,242 $40,700 546,091 542,866 549,693 $36,017 550,029 $41,600 $52,000 537,440 553,000 547,246 554,771 $48,429 $57,530 $42,000 558,359 2018 SHIP Mortgage* Financed Req'd Recipients Monthly Monthly (Back -end Home Cost Down (see table) Gross Net (80%) Filter) w/30 -yr Mort Pymt 51,404 $1,123 5237 $1,201 51,739 51,391 5381F.- $1,932 51,779 51,423 5398 , ,... 52,018 51,811 51,449 5412 $59'b8i $2,089 1 51,948 51,558 $470 �. $2,386 51,966 51,573 5478 36 $2,427 $2,055 51,644 $517 4856 $2,620 1 52,104 51,683 $538,,iri $2,727 1 52,422 51,937 $674 C'7,-3 =. $3,421 52,474 51,979$697 53,535 $2,654 52,123 $774 s�`F...ef", 53,928 52,729 $2,183 5807 3,16, se 54,092 3 52,741 52,193 5812 117T617 54,117 53,088 52,470 $961 54,874 2 53,191 $2,553 51,005 456' 55,099 53,604 52,883 51, 5171,378 55,998 1 $3,841 53,073 $1,2$5183 $186,173 56,516 54,141 53,313 51,414 5204,879 57,171 54,169 $3,335 51,426 5206,624 57,232 1 54,333 $3,467 51,496 5216,860 57,590 $4,417 $3,533 51,532 5222,053 57,772 1 54,564 $3,651 51,596 $231,250 58,094 54,794 53,83551,694 5245,579 58,595 1 54,863 $3,891 $1,724 $249,882 $8,746 Rent^ Red is IRC data. *Assume 43% back -end debt with $100/month for credit cards and $267/month for a car payment. Does not include student debt. "www.myfirstapartment.com, using median salary data. $727 5742 5796 5819 $822 $926 5957 51,081 $1,152 51,242 $1,251 51,300 51,325 $1,369 51,438 $1,459 93 •`LORI / Units sold Detailed Home Sales VB Housing Market, 2018 Median Price $160 000 $215,000 For $43,379 median annual income (non -32963 households), "affordable housing" equates to $1,084/month, or about a $160,000 home price $10,000 Price "Bins" 94 Apartment Availability Survey, 2/11/19 Complex Style Sq Ft Cost/month Available on 2/11 Taylor Pointe 1 -bedroom 721 $676 0 2 -bedroom 900 $804 0 River Park Place 1 -bedroom 660 $668 0 (only for seniors)' 2 -bedroom 868 $797 0 Heritage Villas* 1 -bedroom 640 $499 ..1 (gov't housing) 2 -bedroom 770 $595 -2+ Palm at Vero Beach 2 -bedroom 904 $750 0 (building) 95 ! ----.,, --- x*,,,, ,,,,,. •,,,,,,,,,,,,/ 2018 IRC SHIP Recipient Data Applicant SHIP Input Income Class Gross Income Family Size Purchase Price A 527,560 1 (very low) $22,469 2 $170,000 B $27,560 1 (very low) $25,341 2 $185,000 C $27,560 1 (very low) , $28,370 3 $185,000 D $27,560 1 (very low) $33,289 5 $189,000 E 522,560 2 (low) $34,430 2 5175,000 F 522,560 2 (low) $35,735 2 $185,000 G 522,560 2 (low) $38,618 3 $175,000 H $17,560 2 (Iow) $39,252 5 5190,000 521,833 2(10*) $56,795 8 5200,000 $17,560 3 (middle) $46,294 2 5170,000 K 517,560 3 (middle) $52,058 4 5175,000 517,560 3 (middle) 558,816 5 $185,000 96 91 g� :ityfj Sale Price vs Square Feet- VB Housing Market, 2018 Median Price $215,000 080 5160,000 e SIi,4010 !,)760:,; csy) {' ?.3"dJ a >fl;OE2Q S•«741lk1 Sncfj,cfy, 99 $" CONSENT INDIAN RIVER COUNTY MEMORANDUM TO: Jason E. Brown County Administrator THROUGH: Stan Boling, AICP Community Development Director Roland M. DeBlois, AICP Chief, Environmental Planning & Code Enforcement FROM: Kelly Buck Code Enforcement Officer DATE: 3/5/2019 RE: Adrienne Dissis' Request for Release of a Portion of an Easement Reserved Over Abandoned Short Street Right -of -Way at 7775 134th Street (Town of Wauregan Subdivision) It is requested that the Board of County Commissioners formally consider the following information at its regular meeting of March 12, 2019. DESCRIPTION AND CONDITIONS The County has been petitioned by Ms. Adrienne Dissis, owner of a lot at 7775 134th Street, for release of a 5 -foot wide portion of a drainage and utility easement that was reserved by the County over abandoned Short Street right-of-way, per County Resolution 2003-148 (see Attachment 2). The purpose of the easement release request is to allow for construction of a detached accessory garage (see maps, Attachment 1). On December 4, 2018, the Board granted a similar request from Ms. Dissis for release of a 20 -foot wide portion of the same easement reserved over abandoned Short Street right-of-way. Since that time, however, Ms. Dissis obtained a revised survey determining that the Short Street right-of-way abandoned by the County in 2003 is in fact 70 -feet wide, and not 50 -feet wide, as previously concluded and described in the County's 2003 abandonment resolution. Consequently, half of the abandoned right-of-way which Ms. Dissis owns has now been determined (and verified by the County Surveyor) to be 35 feet wide and not 25 feet wide as previously assumed. Since Ms. Dissis wants to build her garage 10 feet from her side property line (i.e., the centerline of the abandoned right-of-way), as allowed consistent with the RS -6 zoning of her property, she is requesting that an additional 5 feet of the overlying easement now be released to allow for the 10 foot building setback. ANALYSIS The request has been reviewed by AT&T; Florida Power & Light Corporation; Comcast Cable Services; the Indian River County Utilities Department; the County Road & Bridge and Engineering Divisions; and the County Surveyor. None of the utility providers or reviewing agencies expressed an objection to the requested release of easement. Therefore, it is staff's position that the requested easement release would have no adverse impact to drainage or to utilities being supplied to the subject property or to other properties. 100 ADRIENNE DISSIS Release of Easement Page 2 In addition to staffs finding of no adverse impact pertaining to the requested easement release, staff finds it appropriate and advisable for the Board to record a corrective resolution in conjunction with the requested release to correct the legal description of the 2003 right-of-way abandonment, reflecting the actual 70 -foot width of the abandoned right-of-way. RECOMMENDATION Staff recommends that the Board, through adoption of the attached resolution, approve release of the 5 -foot wide portion of the drainage and utility easement described in the attached resolution, and also approve the attached resolution as a correction to the legal description of the right-of-way abandoned per Resolution 2003-148, reflecting the actual 70 -foot width of the abandoned right-of-way. ATTACHMENTS 1. Map depicting easement proposed for release. 2. County Resolution 2003-148. 3. Proposed County Resolution Releasing Easement and Correcting Description of Abandoned Right -of -Way. ease.bccmemo proj./appl. no. 2003070205/83448 101 ‘• 13 i ,- Tr 11 ,5 a n s j 1 1 O 8 O 1 (i1"" ------j4---" )11, r•N 1 1 (121 i 2..:1 ;1 ii1, q, 6 fl Cla b 131 N-1§ 1 io W. (% 1 0 ill Ne. (r. (NJ g 0 u.)„6 1 N CS t I 1,41 1 1'1\ ,Q421 1 1 O 1 0 i\l 1 0 0 . \ 0 1/4f) -ct- \I • - ' gs9rDs • 13() C SHORT STREET ABANDONED ) G' PENGE 5.0•5.r. BLOCK 52-A CA 55U-IED3 STC0f WE71.0005 EKE P. POLE DARN CONG. -23.V V WL CORO A/0 + WATER ( Eau/11011 / EXISTING 2 ,TCRY • #7795 •••• I 0.1 10.0* DOD' Mo. (7545) •0W. 0.5N 54456'21T \ N. N45'02'0G-E 300.00 M.) 0 -- -C7 PAr.c.m. :iolit,7100(.1010321C0001.Ci A -P• WELL `g? b' Wet MEE (Pri I \ 81\3 \ N) LE55 "I" 15°13°. I ,) I / t•(2( :4FND, CAP 1.85.00. ERG, 5,00q- • 134Th STREET '61)C 0 FLATTCP BREVARD AVE 3 8' 12/W 20' PAVEPIENT _we AN On PK Mt THIS SURVEY MAP AND REPO0T DR COPIED TWOREIDE AREN".. „au__ _ _ _L. • C;) 102 E. Nt'''Rell I 0.1f1ARY /SITE 1510323 RECORDED IN THE RECORDS OF JEFFREY K BARTON, CLERK CIRCUIT COURT INDIAN RIVER CO FL, BK: 1685 PG: 558, 01/23/2004 03:12 PM DOC STAMPS D $0.70 RESOLUTION 2003-14 8 RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR THE CLOSING, ABANDONMENT, VACATION AND DISCONTINUANCE OF A PORTION OF SHORT STREET LYING BETWEEN 134TH STREET AND THE FLORIDA EAST COAST RAILROAD RIGHT-OF-WAY, RESERVING AN EASEMENT OVER THE ENTIRE RIGHT-OF-WAY, SAID LAND LYING IN INDIAN RIVER COUNTY, FLORIDA WHEREAS, on July 22, 2003, Indian River County received a duly executed and documented petition from Adrienne Dissis of Sebastian, Florida, requesting that the County close, vacate, abandon, discontinue, renounce and disclaim any right, title and interest of the County and the public in and to a portion Short Street lying between 134th Street and the Florida East Coast Railroad as shown on the plat of the Town of Wauregan subdivision and recorded in Plat Book 1, Page 75 of the records of Brevard County, said lands now lying in Indian River County, Florida; and WHEREAS, in accordance with Florida Statutes 336.10, notice of a public hearing to consider said petition was duly published; and WHEREAS, after consideration of the petition, supporting documents, staff investigation and report, and testimony of all those interested and present, the board finds that the subject right-of-way is not a state or federal highway, nor located within any municipality, nor is said right-of-way necessary for continuity of the County's street and thoroughfare network, nor access to any given private property. NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that: 1. All right, title and interest of the County and the public in and more particularly described as follows: BOARD OF COUNTY to that certain. right-of-way BEGIN AT THE SOUTHEAST CORNER OF SAID BLOCK 52-A, AND RUN S 00°00'00" E ALONG THE SOUTHERLY EXTENSION OF THE EAST LINE OF SAID BLOCK 52-A A DISTANCE OF 50 FEET, THENCE RUN S 90°00'00" W ALONG THE SOUTH LINE OF SAID SHORT STREET A DISTANCE OF 282.90 FEET, THENCE RUN N 09°35'22" W ALONG THE EASTERLY RJW LINE OF THE FEC .RAILROAD R/W LINE A DISTANCE OF 50.71 FEET, TO THE SOUTH LINE OF SAID BLOCK 52-A, THENCE RUN S 90°00'00" E A DISTANCE OF 291.35 FEET TO THE POINT OF BEGINNING. Lying in Indian River County, Florida. is hereby forever closed, abandoned, vacated, except that the entire former right-of-way is expressly reserved as a drainage and utility easement. (see Exhibit "A", attached) 2. The closing, vacation, abandonment, of this public right-of-way is in the best interests of the public. PT°mnunity Develop cnlWsers\CurDeNRESOIUTSh°rt Sitcct Duals 102203 doe 1 103 BK: 1685 PG: .559 RESOLUTION 2003,148 3. Notice of the adopting of this resolution shall be forthwith published once within thirty (30) days from the date of adoption hereof; and 4. The Clerk is hereby directed to record this resolution together with the proofs of publication required by Florida Statutes 336.10 in the Official Record Books of Indian River County without undue delay. 5. The right-of-way shall revert evenly to the property to the north and south. The foregoing resolution was offered by Commissioner Adams who moved its adoption. The motion was seconded by Commissioner N e ti b e r q e r , and upon being put to a vote, the vote was as follows: Chairman Kenneth R. Macht A v e Vice -Chairman Caroline D. Ginn Aye Commissioner Fran Adams Aye Commissioner Thomas S. Lowther Aye Commissioner Arthur R. Neuberger Aye The Chairman thereupon declared the resolution duly passed and adopted this 18th day of NnvonihPr , 2003. ATTEST: Jeffre;K:•Bartou ve V;D,epu1i Cteik, . . � a itk 0* I HEREBY CERTIPY thst on this day, before me, and officer" duly authorized in this State and County to take acknowledgments,. personally appeared Kenneth R Marht , and PATIOCAA&fie BEV( as Chairman of the Board of County Commissioners andDeputy Clerk, respectively; to me known to be the persons described in and who executed the foregoing instrument and they acknowledged before me that they executed the same. BOARD 0 •UNTY COMMISSIONERS IND • ►; • • C•�►�yFLO BY: ' : G'%nneth R. acht, Chairman Board of County Commissioners F.`Com-mnity Devebpprco'UsmeCwDMAESOLUTLShat Swn Dissis 107201.dae 2 104 BK: 1685 PG: 560 RESOLUTION 2003= 148 WITNESS my hand, and official seal in the County and State last aforesaid this 18th day of November FAD., 2003.. APPROVED AS TO LEGAL SUFFICIENCY BY: William G. Collins, County Attorney APPROVED AS TO PLANNING MATTERS BY: r iy -- Robert . Keating, AICP, Dir: for Community Development Division r;K:{:%r`••. Kimberly E Massung •• < .. , = MYCOMMISSK)N# DD216503 EXPIRES Ajf41$. JuFRly >Ri�'I' BOl10EDiM2UOYFA15,01Ri2001SUPANC[0K FAComnunity DeKtoprnentww.ICu<DCwRESOLvnsn(M Strc , Dit[ . 102202.doe "3 105 "y;ggni;;2".R :"';VOP rirg;f19Ps . K SKETCH OF SURVEY FOR and/or CERTIFIED TO; ADRIENNE M. OISSIS, DESCRIPION AS FOLLOWS: PARENT TRACT ALL. OF BLOCK 52-A TOWN OF 1TAURENCAN SUBDIVISION, ACCORDING TO THE PLAT FILED IN THE OFFICE OF 7715 CLERK OF THE CIRCUIT COURT OF BREVARD COUNTY, IN PLAT B00K 1, PAGE 75, AND REFILED 1N THE OFFICE OF THE CLERK OF THE CIRCUIT COURT OF ST LUCIE COUNTY, FLORIDA IN PLAT B00K 1, PACES 178 AND 179, SAID LAND NOW LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA, LESS THE NORTH 150 FLET THEREOF. PROPOSED VACA770N OFA PORTION OF SNORT STREET OF TOWN OF WAURENCAN SUBDIVISION, BEING' MORE PARTICULARLY DESCRIBED AS Et7LL093 BEGIN AT THE SOUTHEAST CORNER OF SAND BLOCK 52-A, AND RUN 5 00770'00" E ALONG THE SOUTHERLY EXTENSION OF THE EAST LINE OF SAID BLACK 52-4 A DISTANCE OF 50.00 FEET, THENCE RUN S 90720'0C W ALONG THE SOUTH LINE OF SAID SHORT STREET A 01STANCE OF 0 282.90 FEET THENCE RUN N 0940522" II ALONG THE EASTERLY R/W LINE OF 771E FEC RAILROAD R/W LINE A DISTANCE OF 50.71 FEET. TO THE SOUTH LINE OF SAID BLOCK 52-A THENCE RUNS 9000'00' E A DISTANCE OF 291.35 FEET 1n THE POINT OF BEGINNING. 0 c m (1) N P0V0O0' 28Z90 SHORT STREET ____---____ �$ PROPOSED VACATION OF R/W S 90D000' r 291.35 RESOLUTION NO. 2019 - A A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, RELEASING A PORTION OF AN EASEMENT RESERVED OVER ABANDONED SHORT STREET RIGHT-OF-WAY ABUTTING BLOCK 52A, TOWN OF WAUREGAN SUBDIVISION, AND CORRECTING THE LEGAL DESCRIPTION OF SHORT STREET RIGHT-OF-WAY ABANDONED PER COUNTY RESOLUTION 2003-148 WHEREAS, Indian River County has an interest in a drainage and utility easement reserved over an abandoned portion of Short Street right-of-way abutting Block 52A, Town of Wauregan Subdivision; and WHEREAS, Adrienne Mari Dissis, the owner of the property, has made application to Indian River County requesting that the County release a portion of the easement; and WHEREAS, the retention of the easement portion, as described below, serves no public purpose; and WHEREAS, it has been determined by the County Surveyor that the legal description of abandoned Short Street right-of-way contained in Indian River County Resolution 2003-148 erroneously described the abandoned right-of-way as 50 feet wide when in fact it is 70 feet wide; NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Indian River County, Florida that: INDIAN RIVER COUNTY DOES HEREBY RELEASE and abandon all right, title, and interest that it may have in the following described easement portion: the southwesterly five (5) feet of the northwesterly twenty five (25) feet of a drainage & utility easement reserved over abandoned Short Street right-of-way abutting Block 52A, Town of Wauregan Subdivision, per Indian River County Resolution 2003-148 recorded in O.R. Book 1685, Page 558, Public Records of Indian River County. FURTHERMORE, INDIAN RIVER COUNTY HEREBY AMENDS AND CORRECTS the legal description of abandoned right-of-way contained in County Resolution 2003-148, as recorded in O.R. Book 1685, Page 558, Public Records of Indian River County, as follows: all that portion of Short Street lying between the southwesterly right-of-way line of 134th Street (Brevard Ave.) and the northeasterly right-of-way line of the Florida East Coast Railway, Town of Wauregan Subdivision, recorded in Plat Book 1, Page 75, Public Records of Brevard County, Florida, refiled in Plat Book 1, Pages 178 and 179, Public Records of St. Lucie County, Florida, now lying and being in Indian River County, Florida. This release of easement and legal description correction of County Resolution 2003-148 is executed by Indian River County, a political subdivision of the State of Florida, whose mailing address is 1801 27th Street, Vero Beach, Florida 32960. THIS RESOLUTION was moved for adoption by Commissioner , seconded by Commissioner , and adopted on the day of , 2019, by the following vote: Chairman Bob Solari Vice -Chairman Susan Adams Commissioner Joseph E. Flescher Commissioner Peter O'Bryan Commissioner Tim Zorc 107 RESOLUTION NO. 2019 - The Chairman declared the resolution duly passed and adopted this day of , 2019 BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA By: Bob Solari, Chairman ATTEST: Jeffrey R. Smith, Clerk of Court and Comptroller By: Deputy Clerk APPROVED AS TO LEGAL FORM: County Attorney ease.bccdoc proj/apl. no. 2003070205/83448 Cc: Applicant: DISSIS, ADRIENNE MARI 7775 134TH ST SEBASTIAN, FL 32958 108 CONSENT INDIAN RIVER COUNTY OFFICE OF MANAGEMENT AND BUDGET PURCHASING DIVISION DATE: February 25, 2019 TO: BOARD OF COUNTY COMMISSIONERS THROUGH: Jason E. Brown, County Administrator Kristin Daniels, Director, Office of Management and Budget FROM: Jennifer Hyde, Purchasing Manager SUBJECT: Purchase of Rollup Doors for Wastewater Plants BACKGROUND: In FY 2017/2018, the Indian River County Department of Utility Services (IRCDUS) requested two purchase orders for replacement of steel rollup doors at two wastewater treatment facilities (WWTFs). Three quotes were obtained by the department for each facility, with Customer's Choice providing the low quote for both facilities at pricing indicated below. Vendor Location CWWTF (2 doors) .WRWWTF (1 door) Customer's Choice Garage Doors & Openers, Inc. Fort Pierce $33,810.00 (PO 80976 issued 6/12/18) $17,325.00 (PO 81336 issued 8/31/18) ABCO Garage Door Company, Inc. Vero Beach $39,935.00 $19,560.00 American Roll -up Door Co. Orlando $40,561.53 $22.875.91 The County Administrator approved the issue of PO 80976, and PO 81336 was approved by the Purchasing Manager. None of the doors arrived prior to the end of the fiscal year, and the Purchase Orders were rolled over to the current FY. In November 2018, Customer's Choice notified IRCDUS that they were unable to deliver the doors so the purchase orders were canceled. Because the estimated cost of the doors exceeds the $25,000 bid threshold, the Purchasing Manager recommended the doors for both plants be acquired through a formal bid process, with assurances to IRCDUS that award would be made and the doors replaced prior to the 2019 hurricane season. Formal bids were solicited but no responsive bids were received. DISCUSSION: In the interest of providing secure rollup doors for the facilities prior to hurricane season, staff reached out to ABCO, as the second lowest quote originally obtained for the doors. ABCO has 109 CONSENT performed work at several County facilities and is actively registered with the Building Division. ABCO provided current quotes for the work as shown below and anticipates installation of the doors to be completed prior to hurricane season. Facility, Quote CWWTF (2 doors) $40,710 WRWWTF (1 door) $19,560 Total $60,270 FUNDING Funds in the amount of $51,135 for the doors were rolled over from the prior fiscal year and are available in the Utilities — Other Equipment account (471-166002) in the operating fund. Operating fund revenues are derived from water and sewer sales. The $9,135 difference is available from Utilities Fund Balance. RECOMMENDATION Staff recommends the Board waive the requirement for bids and authorize the Purchasing Division to issue a purchase order in the amount of $60,270.00 to ABCO Garage Door Company, Inc. ATTACHMENTS: Quote 1438581 for Central WWTP Quote 1438561 for West WWTP 110 ABCO Garage Door Company, Inc. 670 8th Court Vero Beach, Florida 32962 Tel# (772) 567-9098 Email: abcodoorvb@outlook.com Customer/Billing Information Central Waste Water Facility 3550 49th Street Veroi Beach, Florida 32967 ESTIMATE. Date Estimate # 3/4/2019 143858I Ship To/Project Dumpster Area 3550 49th Street Vero Beach, Florida 32967 Kevin Gibson 0 #770-5244 Item Description Qty Cost Total 10' W x 12' H DCC-INS+5... 10' W x 12' H Cornell ESD20 Commercial Rolling 2 19,967.50 39,935.00 Stainless Steel Insulated Slat Door Insulated R -Value 9.0, Hood Cover Stainless Steel, NOA# 18-0125.09 50 PSF Dade County Impact Rated, Block Mount, Right -Hand Mount PRO -GH Micanan 7/9 Explosion . Proof 3 Phase w/Safety Edge, Inside Lock, Installed, Tear Down & Disposal. Permit - Engineering Letter Engineering Letter - Required On Commercial 1 475.00 475.00 Application. Permit - Indian River Indian River County Commercial Permit & Processing 1 280.00 280.00 Fee - All Inspections Must Be Completed Within 180 • Days From Permit Issue Date.. NOC Notice Of Commencement - Requires Original 1 20.00 20.00 Signature. *Special Order 3 - 4 Weeks* Total Customer Signature: Page 1 Date: 111 ABCO Garage Door Company, Inc. 670 8th Court Vero Beach, Florida 32962 Tel# (772) 567-9098 Email: abcodoorvb@outlook.com Customer/Billing Information Central Waste Water Facility 3550 49th Street Veroi Beach, Florida 32967 ESTIMATE Date Estimate # 3/4/2019 143858I Ship To/Project Dumpster Area 3550 49th Street Vero Beach, Florida 32967 Kevin Gibson 0 #770-5244 Item Description Qty Cost Total »» *TERMS Net 30 ***QUOTE VALID FOR 30 DAYS *Quote Does Not Include Interim Garage Door Or Opener Maintenance. *Permitting By Owner Or Contractor *No Painting, Caulking, Carpentry, Electrical Or Special Framing Included. *Quote Includes Tax, Labor And Materials: *Quote Based On Site Field Inspection. *Note If Bolts Must Be Removed From Jamb, Support Pad Or Header To Completion Installation - It Is The Carpenters Responsibility To Reinstall. *Verify Design Windload From Above To Engineered Blueprints. QUOTE VALID FOR 30 DAYS UNLESS A Price Increase Has Been Issued - By Total $40,710.00 accepting this proposal, customer acknowledges acceptance of this work and materials on this proposal and payment is due as stated above. Customer agrees to pay late charges of 1.5 % per month and to pay all costs including reasonable attorney fees, whether suit is brought or not, if collection procedures become necessary. Seller retains Security Interest in the goods listed above. Goods installed by ABCO Garage Door Company, Inc., at the location listed above are the price and the terms as stated above. Goods shall remain personal property regardless of affixation to Realty, Seller retains Security Interest in the goods and shall continue until the full purchase price has been paid in full by the Buyer. In the event the Buyer defaults, seller may excercise rights and remedies under the UNIFORM COMMERCIAL CODE in force in the State Of Florida at the date of the agreement and no entry shall be considered trespassing. Customer Signature: Date: Page 2 112 ABCO Garage Door Company, Inc. 670 8th Court Vero Beach, Florida 32962 Tel# (772) 567-9098 Email: abcodoorvb@outlook.com Customer/Billing Information Finance Department Indian River County Utilities 1801 27th Street - Bldg A Vero Beach, Florida 32960 ESTIMATE Date Estimate # 3/3/2019 143856I Ship To/Project West Regional WWTF Utlities Dept 8405 8th Street Vero Beach, Florida 32968 Jennifer Hyde o# 226-1575 Item Description Qty Cost Total CORNELL 10' W x 12' H Cornell ESD10 Stainless Steel Service 1 18,920.00 18,920.00 Door Hot Dipped Galvanized Guides And Brackets, Stainless Steel Hood And Bottom Bar, Block Mount, Right -Hand Mount NEMA 7/9 Explosion Proof Operator w/Electric Safety Edge, 3 Button NEMA Wall Control, Inside Lock. FL# 17419 50 PSF Windload Impact Rated, Installed, Tear Down & Disposal Of Existing Slat & Motor. (Side Room 3" - HR 4) Permit - Engineering Letter Engineering Letter - Required On Commercial 1 375.00 375.00 Application. Permit - Indian River Indian River County Commercial Permit & Processing 1 245.00 245.00 Fee - All Inspections Must Be Completed Within 180 NOC Days From Permit Issue Date., Notice Of Commencement - Requires Original 1 20.00 20.00 Signature. 1 *Special Order 3 - 4 Weeks* Total Customer Signature: Page 1 Date: 113 ABCO Garage Door Company, Inc. 670 8th Court Vero Beach, Florida 32962 Tel# (772) 567-9098 Email: abcodoorvb@outlook.com Customer/Billing Information Finance Department Indian River County Utilities 1801 27th Street - Bldg A Vero Beach, Florida 32960 ESTIMATE Date Estimate # 3/3/2019 143856I ,Ship To/Project West Regional WWTF Utlities Dept 8405 8th Street Vero Beach, Florida 32968 Jennifer Hyde o# 226-1575 Item Description Qty Cost Total »» *TERMS Net 30 ***QUOTE VALID FOR 30 DAYS *Quote Does Not Include Interim Garage Door Or Opener Maintenance. *No Painting, Caulking, Carpentry, Electrical Or Special Framing Included. *Quote Includes Tax, Labor And Materials. *Quote Based On Site Field Inspection. QUOTE VALID FOR 30 DAYS UNLESS A Price Increase Has Been Issued - By Total $19,560.00 accepting this proposal, customer acknowledges acceptance of this work and materials on this proposal and payment is due as stated above. Customer agrees to pay late charges of 1.5 % per month and to pay all costs including reasonable attorney fees, whether suit is brought or not, if collection procedures become necessary. Seller retains Security Interest in the goods listed above. Goods installed by ABCO Garage Door Company, Inc., at the location listed above are the price and the terms as stated above. Goods shall remain personal property regardless of affixation to Realty, Seller retains Security Interest in the goods and shall continue until the full purchase price has been paid in full by the Buyer. In the event the Buyer defaults, seller may excercise rights and remedies under the UNIFORM COMMERCIAL CODE in force in the State Of Florida at the date of the agreement and no entry shall be considered trespassing. Customer Signature: Date: Page 2 114 8I CONSENT AGENDA INDIAN RIVER COUNTY OFFICE OF MANAGEMENT AND BUDGET PURCHASING DIVISION DATE: TO: THROUGH: FROM: SUBJECT: March 4, 2019 BOARD OF COUNTY COMMISSIONERS Jason E. Brown, County Administrator Kristin Daniels, Director, Office of Management and Budget Jennifer Hyde, Purchasing Manager Authorization to Increase Blanket Purchase Orders BACKGROUND: Blanket Purchase orders are issued at the request of using departments to enable as needed purchases over the course of the fiscal year. The Purchasing Manager may approve purchase orders up to $25,000 (not associated with a bid or contract), and the Administrator is authorized in Section 105 of the County Code to approve purchase orders up to $50,000. DISCUSSION: The needs of some departments may exceed the Administrator's approval authority during the course of a fiscal year. Many of these purchases reflect needs that are not easily addressed through the bid process. Road base materials are only feasibly obtained from mines nearby, and purchases need to be made based on the locations of the work being undertaken by Road and Bridge. Similarly, the pro shops at Sandridge Golf Club and the County Shooting Range are tasked with maintaining an ample supply of goods necessary in support of their sports and the demand of their patrons. Pro Shop sales have been increasing annually over the past decade at Sandridge. At the Shooting Range, demand for Sporting Clays is increasing. As additional funds are needed on each Purchase Order, a request is made through the department director to the Budget Office. The Budget Office verifies funds are available and forwards the request to Purchasing. If all required approvals are in place, the Purchasing Division adds the requested funds to the Purchase Order. Pre -authorization by the Board for these requested increases will ensure the increases can be made expeditiously, after confirmation of the availability of funds by the Budget Office. 115 CONSENT AGENDA FUNDING: Funds are or will be made available as indicated in the tables below. Road and Bridge Division Requests PO# Vendor and Material Current Amount Encumbered on PO Maximum amount requested for this FY Amount spent with this vendor for this material last FY Total amount spent on this product/service last FY 81699 Blue Goose Road Base Materials $50,000 $100,000 $78,191 $116,209 82982 Stewart Materials - Road Base Materials $25,000 $75,000 $38,018 $116,209 Account Number Additional funds currently available in account 11121441-035390—Other Road Material and Supplies $94,747 — additional funds will be moved via line transfer, if needed Sandridge Golf Club Pro Shop Inventory PO# Vendor and Material Current Amount Encumbered on PO Maximum amount requested for this FY Amount spent with this vendor for this material last FY Total amount spent on this product/service last FY 81932 Acushnet - Inventory, including Titleist and FootJoy $50,000 $90,000 $78,000 $248,585 81933 Callaway Golf — Inventory $50,000 $85,000 $58,000 $248,545 Account Number 418-142000 Inventory Goods - Resale Shooting Range Pro Shop Invento PO# Vendor and Material Current Amount Encumbered on PO Maximum amount requested for this FY Amount spent with this vendor for this material last FY Total amount spent on this product/service last FY 81619 Brownells — Clay Targets $50,000 $70,000 $29,969 $29,969 Account Number 004-142001— Inventory — Clay Targets 116 CONSENT AGENDA RECOMMENDATION: Staff recommends the Board of County Commissioners authorize increases to the listed Purchase Orders as approved by the Budget Office, up to the maximum amount requested for the current fiscal year. 117 Consent Agenda Indian River County Interoffice Memorandum Office of Management & Budget To: Members of the Board of County Commissioners From: Kristin Daniels Director, Office of Management & Budget Date: March 6, 2019 Subject: Miscellaneous Budget Amendment 007 Description and Conditions 1. The negotiated Florida Blue contract includes Indian River County to receive $50,000 per year to fund the Wellness Program, Health Fair along with training sessions. Exhibit "A" appropriates the funds into the Employee Health Fund. 2. The Parks department has an immediate need to make athletic field and court light repairs. Exhibit "A" appropriates $25,000 from General Fund/Reserve for Contingency. 3. The Road & Bridge Department is in need of a Deere 350G LC Excavator. Exhibit "A" appropriates $277,232 from Transportation Fund/Cash Forward -Oct 1St 4. The Indian River School District has submitted missed shelter expenses for Hurricane Irma/Category B. These expenses have been included in the County's FEMA project worksheet to be reimbursed. Exhibit "A" appropriates $38,997 from General Fund/Reserve for Contingency. 5. The Children's Service Advisory Committee voted to fund the "e-Cimpact" grant evaluation software. The pro -rated cost of $1,500 will be provided by unspent Children's Services funds allocated in FY 2017/18. Exhibit "A" appropriates the funding from General Fund/Cash Forward -Oct 1St 6. On November 6, 2018, the Board of County Commissioners ratified Amendment No.1 to grant agreement AB010 with the Florida Department of Environmental Protection to fund Red Tide debris cleanup for Indian River County as executed by the County Administrator. The Board also authorized a budget amendment to allocate funding of expenses. The county's total cost for the cleanup was $122,628 which has been reimbursed by the State. Exhibit "A" appropriates the grant and expenditures. 7. On November 13, 2018 the Board of County Commissioners awarded the US Highway 1 Landscaping Project and authorized the expenditure from the County's Tree Ordinance Fund. Exhibit "A" appropriates funding of $291,592 from Tree Ordinance Fund/Cash Forward -Oct 1St and $82,068 to fund the Florida Highway Beautification Council Grant. 118 Members of Board of County Commissioners March 6, 2019 Page 2 of 2 8. On September 11, 2018, the Board of County Commissioners approved the State Funded Subgrant Agreement to update Indian River County's Hazards Analysis. Exhibit "A" appropriates the grant amount of $3,143. 9. On October 2, 2018, the Board of County Commissioners approved the 2018/19 EMS Grant. Exhibit "A" appropriates the grant and expenses in the amount of $19,731. 10. On June 5, 2018 the Board of County Commissioner's approved the FY 18/19 Emergency Management Preparedness Assistance Grant (EMPA). Exhibit "A" appropriates the grant balance and expenses in the amount of $21,996. 11. The remaining fund balances in the HUD and SHIP funds need to be `rolled over' into FY 18/19. Exhibit "A' appropriates $2,436 from HUD and $308,859 from SHIP. 12. On September 11, 2018, the Board of County Commissioners awarded the bid to demolish the condemned structure Club Bali. The agenda item stated the clearing of the three lots would be expensed to the Transportation Fund; however, the expenses were charged to the MSTU Fund along with the demolition charges to keep all the expenses together. Exhibit "A" appropriates the funding of $86,640 along with the unspent 17/18 balance of $35,635 in the account from MSTU/Cash Forward -Oct 1St 13. Facilities Management is in need of a dump trailer and the Parks Department had to replace its ice machine. Exhibit "A' appropriates funding in the amount of $6,874 from General Fund/Reserve for Contingency 14. Several cell phone allowances were not included in the FY 18/19 budget. Exhibit "A" appropriates funding of $2,400 from General Fund/Reserve for Contingency, $1,200 from Transportation/Reserve for Contingency, $600 from Building Dept./Reserve for Contingency, $7,968 from Utilities/Reserve for Contingency and $600 from SWDD/Cash Forward -Oct 1St Staff Recommendation Staff recommends the Board of County Commissioners approve the budget resolution amending the fiscal year 2018-2019 budget. 119 RESOLUTION NO. 2019- A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, AMENDING THE FISCAL YEAR 2018-2019 BUDGET. WHEREAS, certain appropriation and expenditure amendments to the adopted Fiscal Year 2018-2019 Budget are to be made by resolution pursuant to section 129.06(2), Florida Statutes; and WHEREAS, the Board of County Commissioners of Indian River County desires to amend the fiscal year 2018-2019 budget, as more specifically set forth in Exhibit "A" attached hereto and by this reference made a part hereof, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that the Fiscal Year 2018-2019 Budget be and hereby is amended as set forth in Exhibit "A" upon adoption of this Resolution. This Resolution was moved for adoption by Commissioner , and the motion was seconded by Commissioner and, upon being put to a vote, the vote was as follows: Chairman Bob Solari Vice -Chairman Susan Adams Commissioner Peter D.O'Bryan Commissioner Joseph E. Flescher Commissioner Tim Zorc The Chairman thereupon declared this Resolution duly passed and adopted this day of , 2019. INDIAN RIVER COUNTY, FLORIDA Attest: Jeffrey R. Smith Board of County Commissioners Clerk of Court and Comptroller By By Deputy Clerk Bob Solari, Chairman BY APPROVED AS TO FORM AND LEGAL SUFFICIENCY COUNTY ATINEY Resolution No. 2019 - Budget Office Approval: Kristin Daniels, Budget Director Budget Amendment: 007 Entry Number Fund/ Department/Account Name Account Number Increase Decrease 1. Revenue Employee Health Fund/Misc. Revenue/Wellness Contribution 504038-369955 $50,000 $0 Expense Employee Health Fund/Other Professional Services 50412719-033190 $12,500 $0 Employee Health Fund/Heath Fair 50412719-033193 $25,000 $0 Employee Health Fund/Wellness Incentive Program 50412719-034587 $12,500 $0 2. Expense General Fund/Parks/Maintenance-Ballfields 00121072-034760 $25,000 $0 General Fund/Reserves/Reserve for Contingency 00119981-099910 $0 $25,000 3. Revenue Transportation Fund/Cash Forward -Oct 1st 111039-389040 $277,232 $0 Expense Transportation Fund/Road & Bridge/Other Machinery & Equipment 11121441-066490 $277,232 $0 4. Expense General Fund/Emergency Mgmt./Other Contractual Services -Irma 00120825-033490-17026 $38,997 $0 General Fund/Reserves/Reserve for Contingency 00119981-099910 $0 $38,997 5. Revenue General Fund/Cash Forward -Oct 1st 001039-389040 $1,500 $0 Expense General Fund/Children's' Services/Other Professional Services 00112869-033190 $1,500 $0 6. Revenue Transportation Fund/State DEP Grants/Red Tide 111033-334303-19005 $122,628 $0 Expense Transportation Fund/Road & Bridge/Other Contractual Services/Red Tide 11121441-033490-19005 $122,628 $0 121 Resolution No. 2019 - Budget Office Approval: Kristin Daniels, Budget Director Budget Amendment: 007 Entry Number Fund/ Department/Account Name Account Number Increase Decrease 7. Revenue Tree Ordinance Fund/Cash Forward -Oct 1st 117039-389040 $291,592 $0 Tree Ordinance Fund/FL Highway Beautification Grant 117033-334400-19801 $82,068 $0 Expense Tree Ordinance Fund/Parks/Other Professional Services/FL Highway Beautification Grant 11721072-033190-19801 $373,660 $0 8. Revenue General Fund/Hazardous Material Emergency Plan Grant 001033-334292 $3,143 $0 Expense General Fund/Emergency Management/Other Operating Supplies/Haz Mat 00120825-035290-06807 $3,143 $0 9. Revenue Emergency Services District/EMS County Awards Grant 114033-334290 $19,731 $0 Expense Emergency Services/Fire Rescue/EMS County Award Grant Operating 11412022-037310 $14,731 $0 Emergency Services/Fire Rescue/EMS County Award Capital 11412022-066910 $5,000 $0 10. Revenue General Fund/EMPA Base Grant 001033-334232 $21,996 $0 Expense General Fund/EMPA/Tuition/Registration Fee 00123825-035430 $820 $0 General Fund/EMPA/All Travel 00123825-034020 $3,935 $0 General Fund/EMPA/Communication Equipment -All 00123825-066450 $4,278 $0 General Fund/EMPA/Other Operating Supplies 00123825-035290 $12,963 $0 122 Resolution No. 2019 - Budget Office Approval: Kristin Daniels, Budget Director Budget Amendment: 007 Entry Number Fund/ Department/Account Name Account Number Increase Decrease 11. Revenue Fed/State Grants/HUD Grants/Data Quality # FL0418L4H091604 136033-331601-17810 $2,436 $0 SHIP/Cash Forward -Oct 1st 123039-389040 $308,859 $0 Expense Fed/State Grants/HUD Grants/Data Quality/# FL0418L4H091705 13616364-088871-18811 $2,436 $0 SHIP/Impact Fee Loan/New/Rehab 12322869-088040 $75,000 $0 SHIP/Purchase Assistance Loan 12322869-088050 $150,000 $0 SHIP/Rehab Loan -Owner Occupied 12322869-088070 $83,859 $0 12. Revenue MSTU/Cash Forward -Oct lst 004039-389040 $122,275 $0 Expense MSTU/Road & Bridge/Other Contractual Services 00421441-033490 $122,275 $0 13. Expense General Fund/Facilities Mgmt./Other Machinery & Equipment 00122019-066490 $4,139 $0 General Fund/Parks/Other Machinery & Equipment 00121072-066490 $2,735 $0 General Fund/Reserve for Contingency 00119981-099910 $0 $6,874 14. Revenue SWDD/Cash Forward -Oct 1st 411039-389040 $600 $0 Expense General Fund/Human Resources/Cell Phone Allowance 00120313-012180 $1,950 $0 General Fund/Budget/Cell Phone Allowance 00122913-012180 $450 $0 General Fund/Reserve for Contingency 00119981-099910 $0 $2,400 Transportation Fund/Stormwater/Cell Phone Allowance 11128138-012180 $1,200 $0 Transportation Fund/Reserve for Contingency 11119881-099910 $0 $1,200 Building Department/Cell Phone Allowance 44123324-012180 $600 $0 Building Department/Reserve for Contingency 44123324-099910 $0 $600 123 Resolution No. 2019 - Budget Office Approval: Kristin Daniels, Budget Director Budget Amendment: 007 Entry Number Fund/ Department/Account Name Account Number Increase Decrease Utilities/WW Treatment/Cell Phone Allowance 47121836-012180 $600 $0 ( Utilities/General & Engineering/Cell Phone Allowance 47123536-012180 $4,248 $0 Utilities/Customer Service/Cell Phone Allowance 47126536-012180 $600 $0 Utilities/WW Collection/Cell Phone Allowance 47126836-012180 $960 $0 Utilities/Water Distribution/Cell Phone Allowance 47126936-012180 $1,560 $0 Utilities/General & Engineering/Reserve for Contingency 47123536-099910 $0 $7,968 SWDD/Landfill/Cell Phone Allowance 41121734-012180 $600 $0 124 9 CONSTITUTIONAL MARCH 12, 2019 INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS INTER -OFFICE MEMORANDUM TO: Members of the Board of County Commissioners FROM: Wesley Davis, Property Appraiser DATE: March 6, 2019 SUBJECT: A Status Report and Funding Request for Stub Audit The Property Appraiser wishes to provide a status report and kindly requests your considerations and approval of additional funding for consulting services for a Stub Audit, as recommended by the Clerk of the Circuit Court. A copy of a proposed Engagement Letter outlining services and terms of engagement for an audit is provided for your deliberations. Thank you. 125 March XX, 2019 Wesley Davis Property Appraiser Indian River County, Florida 1800 27th Street, Bldg B Vero Beach, FL 32960 Jason E. Brown County Administrator Indian River County, Florida 1801 27th Street, Bldg A Vero Beach, FL 32960 Dear Sirs; This letter will confirm our arrangements to provide consulting services to the Indian River County, Florida Property Appraiser (the "PA") and Indian River County, Florida (collectively, the "Parties"), to assist the Parties in performing a review of certain books and records of the Indian River County, Florida Property Appraiser. Rehmann will provide the following services: Disbursement transactions from October 1, 2018 through January 7, 2019 • Rehmann will review supporting documentation for all disbursements exceeding $500.00, determine if they were properly classified, and summarize by vendor. • Rehmann will verify the top 10 vendors for legitimacy and cross reference all vendor addresses with employee addresses. • Rehmann will compare actual expenditures with budgeted expenditures for the period and obtain explanations for significant variances. Payroll records from October 1, 2018 through January 7, 2019 • Rehmann will identify the most current base salary per employee, recalculate gross wages for the period, and compare the result to payroll registers for that period, identifying any variances. Cash account activity from October 1, 2018 through January 31, 2019 • Rehmann will scan bank statements for significant or unusual items and test the clerical accuracy of the reconciliations. We will test outstanding items and trace into subsequent bank statements. 126 Indian River County, Florida Property Appraiser March k7, 2019 Page 2 Personal expenditures • Rehmann will identify all employee reimbursements and allowances paid between October 1, 2018 and January 7, 2019, summarize the activity by employee, and determine if the written policy was followed with respect to payment. IT System • Rehmann will review and document the IT procedures for protecting the integrity of financial and non-financial data, i.e. system back-up and restore processes, system access controls, tracking of manual changes to the tax roll or QuickBooks data. Data Analytics • Rehmann will perform a Benford's Law Analysis on the general ledger detail to identify anomalies in the data and obtain explanations as needed. Upon completion of the engagement, we will discuss our preliminary comments and observations with the Parties. We will then prepare a written report, if required, formalizing our findings, comments, recommendations, and other items deemed worthy of the Parties' attention. Since our procedures do not constitute an audit of the PA's internal controls or financial statements, we will not express an opinion on the PA's internal controls, financial statements or any elements, accounts or items thereof, solely as a result of these procedures. Also, we will not express an opinion on the effectiveness of the PA's internal control over financial reporting or any part thereof solely as a result of these procedures. We will perform services for the Parties based on present professional standards, laws and regulations. Management is responsible for identifying and ensuring that the PA complies with applicable laws and regulations. Our fees for these consulting services will be charged at rates that are commensurate with the value of our professional services rendered and are not expected to exceed $8,500. The not to exceed rate is dependent on the books and records being in good order and provided timely based on the schedule agreed to by the Parties. Our invoices for said fees will be rendered as work progresses and are payable on presentation. Our fees are based on anticipated cooperation from the Parties, continued readiness and proactive assistance on their part in providing us with complete and accurate information (whether financial or nonfinancial in nature) considered necessary by us, and the assumption that unexpected circumstances will not be encountered during the review. If significant additional time is necessary, we will discuss the related circumstances with management and arrive at a new fee estimate, which will occur before we incur the additional time. In these circumstances, we may also issue a change order form (an attached example is provided). Our engagement ends on delivery of our comments or report. Any follow-up services that might be required will be a separate, new engagement. The terms and conditions of that new engagement will be governed by a new, specific engagement letter for that service. 127 Indian River County, Florida Property Appraiser March C�X, 2019 Page 3 This engagement letter and the attached Rehmann Engagement Letter Terms reflect the entire understanding between us relating to the audit services covered by this agreement. This agreement may not be amended or varied except by a written document signed by both parties. It replaces and supersedes any previous proposals, correspondence, and understandings, whether written or oral. The agreements of the Parties and Rehmann contained in this document shall survive the completion or termination of this engagement. If any term hereof is found unenforceable or invalid, this shall not affect the other terms hereof, all of which shall continue in effect as if the stricken term had not been included. We appreciate the opportunity to be of service to the Parties and believe th'e arrangements outlined above and in the attached Rehmann Engagement Letter Terms accurately summarize the significant terms of our engagement. If you have any questions, please let us know. If you agree with the terms of our engagement, please sign the enclosed copy of this document and return it to us. P. Ross Cotherman, CPA Principal Executive responsible for supervising the engagement and signing our report AKNOWLEDGED AND ACCEPTED: This letter correctly sets forth the understanding of the Parties: For: Indian River County, Florida Property Appraiser Wesley Davis, Property Appraiser Date For: Indian River County, Florida Jason E. Brown, County Administrator Date 128 Rehmann Engagement Letter Terms ADDITIONAL SERVICES - The Parties may request that we perform additional services not addressed in this engagement letter. If this occurs, we will communicate with management regarding the scope of the additional services and the estimated fees. We also may issue a change order form (an attached example is provided), or a separate engagement letter covering the additional services. In the absence of any other written communication from us documenting such additional services, our attest services will continue to be governed by the terms of this engagement letter. CODE OF CONDUCT - Management is responsible for identifying any violations by employees of the Parties' code of conduct. CHANGES IN STANDARDS, LAWS AND REGULATIONS - We perform services for the Parties based on present professional standards, laws and regulations. While we may on occasion be able to communicate with management with respect to changes in professional standards, laws and regulations, as a general principle we cannot undertake with clients to advise them of every change that may occur. The Parties can always obtain reassurance in this regard by contacting us for an updated review of the Parties' situation. MANAGEMENT'S REPRESENTATIONS - The procedures we will perform in our engagement and the conclusions we reach as a basis for our report will be heavily influenced by the written and oral representations that we receive from management. Accordingly, false, misleading, incomplete, or omitted representations could cause us to expend unnecessary efforts or could cause material error or a fraud to go undetected by our procedures. In view of the foregoing, the Parties agrees that we shall not be responsible for any material misstatements in the Parties' financial statements that we may fail to detect as a result of false, inaccurate, incomplete, or misleading representations that are made to us by management. In addition, the Parties further agrees to indemnify and hold us harmless for any liability and all reasonable costs, including legal fees, that we may incur as a result of the services performed under this engagement in the event there are false or misleading representations made to us by any member of the Parties' management. CLIENT ASSISTANCE - We understand that the Parties' employees will prepare all documents we request and will locate and refile any documents selected by us for testing. In addition, management will provide us with copies of all minutes and other corporate documents that we believe may have a bearing on our evaluation of the Parties' financial affairs. WORK SPACE - The Parties shall provide reasonable work space for Rehmann personnel at work sites, as well as occasional clerical support services. The Parties understands that Rehmann's performance is dependent on the Parties' timely and effective satisfaction of its own activities and responsibilities in connection with this engagement, as well as timely decisions and approvals by Parties personnel. ACCURACY AND COMPLETENESS OF INFORMATION - Management agrees to ensure that all information provided to us is accurate and complete in all material respects, contains no material omissions and is updated on a prompt and continuous basis. In addition, management will also be responsible for obtaining all third -party consents, if any, required to enable Rehmann to access and use any third -party products necessary to our performance. EMAIL - The Parties acknowledges that (a) Rehmann, the Parties and others, if any, participating in this engagement may correspond or convey documentation via Internet e-mail unless the Parties expressly requests otherwise, (b) no party has control over the performance, reliability, availability, or security of Internet e- mail, and (c) Rehmann shall not be liable for any loss, damage, expense, harm or inconvenience resulting from the loss, delay, interception, corruption, or alteration of any Internet e-mail due to any reason beyond Rehmann's reasonable control. OFFERS OF EMPLOYMENT - Professional standards require us to be independent with respect to the Parties in the performance of our services. Any discussions that management has with personnel of our Firm regarding employment could pose a threat to our independence. Therefore, we request that management inform us prior to any such discussions so that we can implement appropriate safeguards to maintain our independence. Neither party shall, during the term of this engagement letter and for one (1) year after its termination, solicit for hire as an employee, consultant or otherwise any of the other party's personnel without such other party's express written consent. If the Parties desires to offer employment to a Rehmann associate and the associate is hired in any capacity by the Parties, a market- driven compensation placement fee may apply. ADDITIONAL FEES AND BILLING POLICIES - It must be understood that the nature of our engagement requires us to exercise our independent professional judgment with respect to various issues. In reaching our conclusions, we must retain the right to judge the nature and scope of the work required in order to conform to professional standards, as well as the work we deem necessary to enable us to reach the conclusions and form the opinions required of us, if applicable. If our judgment as to the scope of the work required causes us to reassess our estimate of fees for this engagement, we will so advise the Parties. We reserve the right to refrain from performing additional work (and thereby incurring additional time charges) unless and until the Parties has confirmed its understanding of, and agreement to, any additional estimated charges. Our fee estimate is based upon our discussions with management, in which management has disclosed no unusual problems or issues which would require us to conduct a review of unusual scope or otherwise expend time and effort in excess of that normally anticipated in an engagement of this type. The estimate also assumes that we will have the full cooperation of Parties personnel, as required, and that there is a reasonable continuity of Parties personnel familiar with the matters to which our engagement relates. In addition, our fee is based on the experience level of our personnel, at their respective standard hourly rates, performing certain procedures at certain timeframes. If we are caused to vary from that planning formula, additional fees will need to be charged to allow for more experienced personnel performing the work, reallocation of our client priority, overtime, etc. Further, management will provide us with the schedules and records that we request (which ordinarily are detailed in a request list in advance of our fieldwork) and that all such schedules and records will be provided to us timely in accordance with the scheduled fieldwork dates, to be mutually agreed upon. If the requested schedules and records are not provided to us in accordance with the scheduled dates and we are unable to continue our work, we will resume our work as soon as the schedules and records are provided to us and our professionals assigned to the engagement again become available. As a result of well-publicized events, global economic convergence, and the continued evolution of the accounting profession, accounting and auditing standard setters and regulators are continually evaluating the need for changes that may affect the Parties. Such changes may result in changes in financial reporting and expanding the nature, timing and scope of activities we are required to perform to provide the services discussed in this letter. Proposed changes and shortened deadlines could result in a reduction of the level of assistance and 1 129 Rehmann Engagement Letter Terms preparedness the Parties is able to provide. We expect that our clients may continue to look to us to assist them with these changes. To the extent any changes require us to increase the time required to provide the services described in this letter or to complete new tasks required by such changes, we reserve the right to adjust our fees appropriately. We will endeavor to advise the Parties of anticipated changes to our fees on a timely basis. In accordance with our Firm policies, work may be suspended if the Parties' account becomes 30 days or more overdue and will not be resumed until the account is paid in full or we have a definitive payment agreement approved by our Firm administrator in Saginaw, Michigan. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed even if we have not issued our report. The Parties will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket expenditures through the date of termination. Our terms and conditions impose a late charge of 1.5% per month, which is an annual percentage rate of 18%. Balances not paid within 30 days of the receipt of invoice are past due and a late charge of 1.5% will be applied to the entire past due amount. MAXIMUM LIABILITY - The Parties agrees that our maximum liability to the Parties for any negligent errors or omissions committed by us in the performance of the engagement will be limited to the amount of our fees for this engagement, except to the extent determined to result from our gross negligence or willful misconduct. CLAIMS - Because there are inherent difficulties in recalling or preserving information as the period after an engagement increases, the Parties agrees that, notwithstanding the statute of limitations of any particular State or U.S. Territory, any claim based on the engagement must be filed within 12 months after performance of our service, unless management has previously provided us with a written notice of a specific defect in our services that forms the basis of the claim. TERMINATION OF SERVICES - We reserve the right to suspend or terminate services for reasonable cause such as failure to pay our invoices on a timely basis or failure to provide adequate information in response to our inquiries necessary for successful performance of our services. Our engagement will be deemed to be completed upon written notification of termination, even if we have not completed the service and issued our report. The Parties are obligated to compensate us for the time expended to that point and to reimburse us for all out-of-pocket expenditures through the date of termination. We acknowledge the Parties' right to terminate our services at any time, and the Parties acknowledges our right to withdraw at any time, including, but not limited to, for example, instances where, in our judgment, (a) the conditions in the first paragraph of the "Audit Objective" section of this letter exist, (b) our independence has been impaired, (c) we can no longer rely on the integrity of management, or (d) management or the Audit Committee, if applicable fails to reasonably support our efforts to perform the engagement in accordance with what we believe is necessary to comply with professional standards, subject in either case to our right to payment for charges incurred to the date of termination or resignation. In the event that we determine to resign, and the Parties seeks damages allegedly resulting from such resignation, our maximum liability to the Parties in the event we are held liable because of such resignation shall be limited to the fees actually paid to us for current year work performed up to the date of resignation. INFORMAL ADVICE - As part of our engagement we may provide advice on operating, internal control over financial reporting and other matters that come to our attention. Informal advice is not considered to be a consulting service unless we have entered into a separate engagement. THIRD PARTY PROCEEDINGS - As a result of our prior or future services to the Parties, we might be requested or subpoenaed to provide testimony, information, or documents to management or a third party in a legal, administrative, mediation, or arbitration or similar proceeding in which we are not a party. If this occurs, our efforts in complying with such requests will be billable to the Parties as a separate engagement. We shall be entitled to compensation for our time at our standard hourly rates and reasonable reimbursement for our expenses (including our legal fees) in complying with this request. For all such requests, we will observe the confidentiality requirements of our profession and will notify management promptly of the request. This paragraph will survive the termination of this agreement for any reason, and will be binding upon successors to the Parties. PEER REVIEW - Our Firm, as well as other major accounting firms, participates in a "peer review" program covering our audit and accounting practices. This program requires that once every three years we subject our quality assurance practices to an examination by another accounting firm. As part of the process, the other firm will review a sample of our work. It is possible that the work we perform for the Parties may be selected by the other firm for their review. If it is, the other firm is bound by professional standards to keep all information confidential. If management objects to having the work we perform for the Parties reviewed by our peer reviewer, please notify us in writing. PROMOTIONAL MATERIALS - The Parties consents to Rehmann's use of your Parties name and a factual description of the services to be performed by Rehmann under this agreement in Rehmann's advertising and promotional materials and other proposal opportunities. MEDIATION - If any dispute arises among the parties hereto, the parties agree first to try in good faith to settle the dispute by mediation administered by the American Arbitration Association under its Rules for Professional Accounting and Related Services Disputes before resorting to binding arbitration or litigation. Costs of any mediation proceeding shall be shared equally by all parties. GOVERNING LAW - This Agreement shall be governed by and construed in accordance with the laws of the State of Michigan, without regard to the principles of conflicts of law thereof. 2 130 ftehrnann ac1sir,ess w/sdo" delivered. EXAMPLE CHANGE ORDER Client: Indian River County, Florida Property Appraiser and Indian River County, Florida (collectively, the "Parties") Date: Project Description (and estimated completion date, if appropriate): Estimated Additional Fees: $ We believe it is our responsibility to exceed the Parties' expectations. This Change Order is being prepared because performance by us of the above project and/or additional service efforts was not anticipated in our original Agreement dated IM h�XX, 2019. The estimated fees for the above project have been mutually agreed upon by the Parties and Rehmann. It is our goal to ensure that the Parties is never surprised by the price for any Rehmann service and, therefore, we have adopted the Change Order Policy. The estimated additional amount above is due and payable upon completion of the project described. If management agrees with the above project description and the estimated fee amount, please authorize and date the Change Order below. A copy is enclosed for the Parties' records. Thank you for letting us serve the Parties. Agreed to and accepted: Name Date Name Date 131 JEFFREY R. SMITH, CPA, CGFO, CGMA Clerk of Circuit Court & Comptroller 1801 27th Street Vero Beach, FL 32960 Telephone: (772) 226-1432 DATE: TO: FROM: SUBJECT: Fax: (772) 978-1857 E-mail: Axia@clerk.indian-river.org Web address: http://Clerk.indian-river.org MEMORANDUM March 5, 2019 Members of the Board of County Commissioners Terri Collins -Lister, Supervisor to the Clerk to the Board and the Value Adjustment Board Application for Citizen Member to the Value Adjustment Board Notice of resignation of Citizen Member (Homesteaded) Wesley S. Davis to the Value Adjustment Board was made on January 9, 2019. According to F.S. 194.015, the Value Adjustment Board shall consist of two citizen members, one of whom must be appointed by the governing body of the county and must own homestead property within the county and may not be a member or an employee of any taxing authority. Attached is an application from Jim Kordiak received to date. Upon review of the application, the candidate meets the statutory requirements to serve on the Value Adjustment Board. I would appreciate that the Board review the application and consider the appointment of Mr. Jim Kordiak to fill the vacant Citizen Member position. Attachment(s): Jim Kordiak's Application Wesley S. Davis's Resignation Notice 132 Terri Collins -Lister From: Wesley Davis <wesleyiraallc@gmail.com> Sent: Wednesday, January 09, 2019 1:56 PM To: Misty L. Pursel; Terri Collins -Lister Subject Resignation from VAB Due to my recent appointment, I regretfully must resign from the Value Adjustment Board, effective immediately. Thank you for this opportunity. Wesley S. Davis 1 133 RECEIVED 0 ,; 2G.J INDIAN RIVER COUNTY APPLICATION FOR COMMITTEE APPOINTMENT BOARD 011.NTY / NRea cr 4015-' )9% Full Name: Street Address (No P.O. Boxes): Date: Email Address: 5 Home Phone /..2--717 rk Phone: How long have you been a resident of Indian River County? 4/ .3 ica.(' .1216615-t'rel s in V .(‘ ft...J-2101 Cell Phone: Are you a full or part time resident? Check one: Full TimePart Time Please list current employer or business. If retired, please list any business experience that may be applicable to the committee. r411 o4) C 011/1 1( CO ni th)�Slch,r 3 ci c Please list any licenses you presently hold: e007. eRecif 674 - 00,57t p4b, yemx Please list any organization of which you are currently a member: CJi/-t<eef%n/)oh(j')VII v C )1041 beAr ot-Pcoip)47 -s7 L10; Cakeir4 s Please list any other committees or boards you currently sit on: Jim Kordiak Continued on nex 255 I I th Sq. SW Vero Beach, FL. 32962 612-747-0724 ikordiak@comcast.net 134 Place a check mark next to the committee(s) you would like to serve on: AFFORDABLE HOUSING ADVISORY COMMITTEE El AGRICULTURE ADVISORY COMMITTEE BEACH & SHORE PRESERVATION ADVISORY COMMITTEE E CHILDREN'S SERVICES ADVISORY COMMITTEE n CODE ENFORCEMENT BOARD COMMUNITY DEVELOPMENT BLOCK GRANT U CONSTRUCTION BOARD OF ADJUSTMENT & APPEALS El DEVELOPMENT REVIEW AND PERMIT PROCESS ADVISORY COMMITTEE ECONOMIC DEVELOPMENT COUNCIL n ENVIRONMENTAL CONTROL HEARING BOARD F MPO BICYCLE ADVISORY COMMITTEE MPO CITIZEN ADVISORY COMMITTEE u PLANNING & ZONING COMMISSION n SCHOOL PLANNING CITIZEN OVERSIGHT COMMITTEE n TOURIST DEVELOPMENT COUNCIL TRANSPORTATION DISADVANTAGED LOCAL COORDINATING BOARD n TREASURE COAST REGIONAL PLANNING COUNCIL — COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY VALUE ADJUSTMENT BOARD — MUST OWN HOMESTEAD PROPERTY WITHIN INDIAN RIVER COUNTY Please print and return the completed application, along with a current,resume, to the Board of County Commission office, 1801 27th Street, Vero Beach, FL. 32960, or by fax a_ t 772-770-5334. Please note: All applications are, kept on file for 6 months. Print ig-p? ga4 135 Biography James A. Kordiak Retired PERSONAL: Age -68 Wife -Marilyn Children -Jeanette, Lisa, Laura Home -255 -11th Square SW Vero Beach, FL 32962 Education -U of M BA Degree Psychology Professional -Anoka County Probation Officer - Anoka County Commissioner (1986-1918) - Licensed Real Estate Broker - Property Management - Income Tax Preparation Church -St. Helen COMMUNITY SERVICE: Knights of Columbus -St. Helen Vero Beach Chamber of Commerce Lions Club- Vero Beach Keep Indian River Beautiful Board 3/6/19 136 / EJ DEPARTMENTAL MATTERS Indian River County Interoffice Memorandum Office of Management and Budget To: Members of the Board of County Commissioners Date: March 6, 2019 From: Kristin Daniels Director, Office of Management & Budget Subject: Children's Services Funding Allocation for Fiscal Year 2019/20 Description and Conditions Each year, the Board of County Commissioners approves a funding allocation for Children's Services. This amount is then allocated to the applicants based upon recommendations of the Children's Services Advisory Committee (CSAC). The County has historically changed the funding allocation based upon the previous fiscal year's taxroll change with exceptions during the economic downturn. On March 14, 2017, the Board approved a three year phase-in of funding to reach the 0.1250 millage cap authorized for the program. The FY 2017/18 total approved funding amounted to $1,607,965 and included the one-time use of $250,000 in available non ad valorem funds. This represented an increase of $556,000 or 52.9% from FY 2016/17 funding levels. The FY 2018/19 approved funding totaled $1,663,965 which was a $56,000 or 3.5% increase from the prior fiscal year. The third and final year of the phase-in plan, FY 2019/20 had an approved funding amount of $1,970,091. This funding allocation represents a $306,126 or 18.4% increase from FY 2018/19. Due to higher than projected taxroll growth, the previously approved FY 2019/20 funding no longer equals 0.1250 mills. Based upon the prior fiscal year's taxroll, the 0.1250 millage cap for FY 2019/20 is $2,062,611 which is $92,520 or 4.7% higher than what was originally approved. It has come to staffs attention that the CSAC will be requesting a $50,000 allocation to fund a needs assessment. Per Indian River County Ordinance 99-01, a CSAC needs assessment is to be conducted every 3 years to ensure that funds are targeted towards the areas of greatest need. In order to obtain more useful data, the 2019 needs assessment will be a collaborative effort between CSAC, Department of Health, United Way, and Indian River Community Foundation. As with CSAC, these organizations all rely upon assessments to identify areas of need within the community to help guide efforts and develop priorities and strategies to address the gaps in services. Staff proposes that the Board approve funding Children's Services the full 0.1250 mill totaling $2,062,611 for FY 2019/20 and allocate $50,000 towards the needs assessment. This additional expense will be taken directly off the total funding allocation leaving $2,012,611 available for Children's Services agencies. 137 Board of County Commissioners Page 2 of 2 March 6, 2019 Recommendation Staff recommends that the Board of County Commissioners approve FY 2019/20 funding for Children's Services at the full 0.1250 millage cap of $2,062,611 which includes the $50,000 allocation for the proposed needs assessment. Attachment Children's Services Funding History Children's Services Meeting Minutes 2017 138 Children's Services Council Advisory Committee Funding History (FY1997/98 through FY2018/19) Fiscal Year Total Approved Funding % Increase 1997/1998 $81,370 n/a 1998/1999 $293,835 261.1% 1999/2000 $414,072 40.9% 2000/2001 $750,000 81.1% 2001/2002 $900,000 20.0% 2002/2003 $900,000 0.0% 2003/2004 $1,147,750 27.5% 2004/2005 $1,223,000 6.6% 2005/2006 $1,173,000 -4.1% 2006/2007 $1,208,100 3.0% 2007/2008 $1,100,000 -8.9% 2008/2009 $882,700 -19.8% 2009/2010 $768,100 -13.0% 2010/2011 $691,290 -10.0% 2011/2012 $656,726 -5.0% 2012/2013 $623,890 -5.0% 2013/2014 $623,890 0.0% 2014/2015 $623,890 0.0% 2015/2016 $851,965 36.6% 2016/2017 $1,051,965 23.5% 2017/2018 $1,607,965 52.9% 2018/2019 $1,663,965 3.5% $1,800,000 $1,600,000 $1,400,000 $1,200,000 0 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 Children's Services Council Funding History cb \cb 0°) oiti°°° y\P ti0 h\�0 '\1'0 0°) oi0 y\ti0 41'0N. 419 heti°y� \ti0 °i°' 40°) 0° 0° 6) 0° 0° 0, 0ti 0, 0, N ti ti ti ti ti ti ti ti ti ti Fiscal Year 139 Board of County Commissioners Meeting Minutes - Final March 14, 2017 12. DEPARTMENTAL MATTERS A. Community Development B. Emergency Services C. General Services 1. Human Services 2. Sandridge Golf Club 3. Recreation D. Human Resources E. Office of Management and Budget 12.E.1 17-0268 Children's Services Funding Allocation for Fiscal Year 2017/2018 Recommended Action: Staff recommends that the Board of Commissioners approve funding for Children's Services agencies in the amount of $1,117,397 for fiscal year 2017/2018, which is an increase of 6.22% or $65,432 from the current year base funding level. This recommendation is based on efforts to avoid a General Fund millage increase in the upcoming fiscal year. Attachments; Staff Report Management and Budget Director Michael Smykowski gave a PowerPoint Presentation regarding the history of the County's funding of Children's Services, from Fiscal Year 1997-1998 to the current Fiscal Year of 2016-2017. He explained that the funding has historically been based upon the prior year's allocation and the change in the taxroll for the prior year. Director Smykowski reported that based upon the previous fiscal year's tax roll change of 6.22%, staff recommended a funding allocation of $1,117,397 for Fiscal Year 2017-2018, or an increase of $65,432 from the current year base funding level. He noted that the recommendation was based on efforts to avoid a General Fund millage increase in the upcoming fiscal year. Hope Woodhouse, 199 Island Creek Drive, spoke about an agreement made in 1999 by the Commissioners to fund Children's Services at the miIlage rate of 0.1250. She also provided and reviewed a. document showing a cumulative funding deficit for Children's Services from 1999. The following speakers, many of whom advocated a return to the 0.1250 millage cap designated in the 1999 Agreement, presented arguments in support of increased funding for Children's Services: Indian River County Florida Page 11 140 Board of County Commissioners Meeting Minutes - Final March 14, 2017 • Wanda Lincoln, 511 Shores Drive • Dan Somers, 290 Sea Oak Drive, Co -Chairman, Boys and Girls Club of Indian River County • Michael Kint, 6255 59th Court, and CEO of United Way of Indian River County • Tiffany Justice, School Board Member • Bob Savage, Vice Chairman of the Healthy Start Coalition • Katy Faires, 5200 17th Street SW, Board Chair of Childcare Resources • Jimmy Lloyd, County resident and parent • Fellsmere Chief of Police Keith Touchberry • Fran Adams, 1651 Indian River Drive, Member of the Moonshot Community Action Network • Barbara Hammond, 4638 Pebble Bay Circle • Freddie Woolfork, 4590 57th Avenue • Antoine Jennings, Founder of Crossover Mission • Catherine De Schouwer, Co -Founder and Executive Director of Crossover Mission • Marilyn Scully An extensive discussion/debate followed, with input from County Administrator Jason Brown and Director Smykowski, about the County's overall budget, the various services/expenditures the County must finance, and the most fiscally responsible way to increase funding for Children's Services, without creating a tax burden on all citizens. County Administrator Jason Brown suggested that if the Board wished to restore the funding to the 0.1250 mills, it would be best to phase in the change over a period of three to five years. Discussion followed as individual Board Members expressed support to increase funding as quickly as possible. Vice Chairman O'Bryan, Board Liaison to the Children's Services Advisory Committee, presented a proposal to phase in the millage increase over a five-year period, and to provide an additional non-advalorem contribution of $250,000 for this fiscal year, which would come from the sale of the 16th Street Ball Fields (see Item 11A for details). Indian River County Florida Page 12 141 Board of County Commissioners Meeting Minutes - Final March 14, 2017 A motion was made by Vice Chairman O'Bryan to: (1) increase funding for Children's Services for Fiscal Year 2017-2018•to the .085 millage cap, and provide an incremental increase in the millage rate of 0.0100 per year to reach the millage cap of 0.1250 in five years; and (2) to add an additional contribution of $250,000 in non -ad -valorem revenue from the sale of the 16th Street Balifields. The MOTION DIED for lack of a second. Chairman Flescher stated that the proceeds from the sale of the 16th Street Ballfield should be kept in the recreational arena. He said he would like to have a shorter phase-in period to reach the 0.1250 millage cap. Administrator Brown advocated for the increase to be made over a three-year period. A motion was made by Commissioner Adams, seconded by Chairman Flescher, to phase in increased funding for Children's Services to the 0.1250 millage cap over a 3 -year period. Discussion ensued about the possibility of phasing in the 0.1250 millage cap in two years; however, staff cautioned that doing so would place a strain on the County's General Fund budget. Commissioner Zorc stated that he would prefer phasing in the increased funding over two years. However, if it would create a burden, he proposed "front -loading" funding for Fiscal Years 2017-2018 and 2018-2019, and then leveling out the funding in Fiscal Year 2019-2020. Discussion ensued about whether to add to Fiscal Year 2017-2018's funding the revenue from the sale of the 16th Street Ballfield. The Board agreed to allocate an additional $250,000 of non -ad valorem funds as long as it was not the revenue from the Ballfield sale. Discussion followed, with input from Administrator Brown, on the specific funding allocations for each of the next three fiscal years. MOTION WAS AMENDED BY Commissioner Adams, seconded by Chairman Flescher, to approve Increased funding for Children's Services to the 0.1250 millage cap over a 3 -year period, (1) for Fiscal Year 2017-2018, an increase of $306,000, plus additional funding of non -ad valorem revenue In the amount of $250,000, for a total increase of $556,000, and a total allocation of $1,607,965; (2) for Fiscal Year 2018-2019, an increase of $56,000, for a total funding allocation of $1,663,965; and (3) for Fiscal Year 2019-2020, an increase of $306,000 (rounded off), for a total funding allocation of $1,970,091. The motion carried by the following vote: Indian River County Florida Page 13, 142 Board of County Commissioners Meeting Minutes - Final March 14, 2017 Aye: 4 - Chairman Flescher, Vice Chairman O'Bryan, Commissioner Adams, and Commissioner Zorc Absent: 1 - Commissioner Solari F. Public Works G Utilities Services 13. COUNTY ATTORNEY MATTERS 14. COMMISSIONERS MATTERS A. Commissioner Joseph E. Flescher, Chairman B. Commissioner Peter D. O'Bryan, Vice Chairman C. Commissioner Susan Adams D. Commissioner Bob Solari E. Commissioner Tim Zorc 15. SPECIAL DISTRICTS AND BOARDS A. Emergency Services District B. Solid Waste Disposal District C. Environmental Control Board 16. ADJOURNMENT There being no further business, the Chairman declared the meeting adjourned at 12:01 p.m. Indian River County Florida Page 14 143 EMERGENCY ITEM MARCH 12, 2019 ITEM 14.A.1 INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS INTER -OFFICE MEMORANDUM TO: Members of the Board of County Commissioners DATE: March 11, 2019 SUBJECT: Letter to FDOT Secretary FROM: Commissioner Bob Solari In Tight of the newest Brightline deaths, attempts to get an additional PAB allocation of $950,000,000, and rail safety legislation moving through the legislature, it has been suggested that the County invite the new FDOT Secretary to the Treasure Coast to see firsthand the safety hazards which accompany the higher -speed rail project. Thank you. Ze-t, Kevin J. Thibault, PE, Secretary Florida Department of Transportation 605 Suwannee Street Tallahassee, FL 32399-0450 Dear Secretary Thibault: As the Indian River County Board of County Commissioners, our main responsibility is to protect the residents of our county from harm. From physical, bodily harm to the harm of over taxation, we strive each and every day to protect our residents' lives and livelihoods. It is for this reason, we have found it imperative to follow the financing, development and operational plans of All Aboard Florida's Virgin Trains USA. Upon hearing in 2012 the trains would be operating on the Florida East Coast freight rail tracks at 110 mph and will cross 32 at - grade crossings in Indian River County and 120 in the region, we began studying the impact of the project. Over the years we have hired railroad experts and conducted research in order to respond to the Draft Environmental Impact Statement from All Aboard Florida and we have worked with the Federal Railroad Administration engineers and other experts to better understand the dangers posed by the passenger system. We continue to have grave concerns about the project which are compounded by the fact that sixteen people have been killed on the tracks since the first phase began testing nineteen months ago and those trains are going a maximum speed of only 79 mph. With the publication of the State Legislature's study of Florida Passenger Rail Systems by the independent, international consulting firm, CPCS Transcom, we are even more concerned about the impact of the All Aboard Florida system. The study conducted for the Office of Public Policy and Government Accountability found: 1) Florida passenger rail systems have the highest rate of severe injuries and fatalities in the country. 2) While there are FDOT regulations for trains operating up to 79 mph and federal regulations for true High Speed Rail systems going over 125 mph, there are no regulations in Florida governing trains going 80 mph to 125 mph. 3) There is a need to clarify FDOT's mandate of passenger rail with respect to maintenance, safety, revitalization, and expansion 4) There is a lack of resources for local governments for planning rail projects. We do not use the term lightly when we say, we believe the potential dangers of this rail project are reaching "crisis proportions". With the sixteenth death last week, we can only imagine what will happen when the second phase trains are going 30 mph faster. It is our strong belief that the Sealed Corridor requirements for trains operating at 125 mph should also be enforced for the All Aboard Florida trains going just 15 mph less. We have found the fourth item of the study to be very true — in order to understand the real dangers and impacts of the Higher Speed trains, our taxpayers paid for railroad experts and for the legal and communications efforts to analyze state and federal regulations and attempt to bring these issues to light for agencies at all levels of government. For the last six years, we have called on the Florida Department of Transportation to analyze this new, faster system and enforce more stringent safety regulations reflecting the increase in speed to 110 mph, but they pointed to the FRA as the official oversight agency. Now we know the truth. It is with these concerns in mind that we write you today and invite you to come to the Treasure Coast of Florida and see, first hand, how this 21st century rail system will affect the 19th century route through our communities. With a new administration in Tallahassee which prides itself on responding to threats to Floridians' safety and the findings of the Florida Passenger Rail System Study, we believe this issue needs to be your and FDOT's top priority. We look forward to welcoming you to our beautiful region and working with you and the Department of Transportation to save lives. Sincerely, IRC BOCC CC: Gov Scott, Mayfield, Grail, etc. BCC AGENDA COMMISSIONERS MATTERS INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS INTER -OFFICE MEMORANDUM TO: Members of the Board of County Commissioners SUBJECT: Commissioners Open Dialogue At the request of the Board of County Commissioners, an Open Dialogue section will be added to the agenda on a monthly basis. This section will be an opportunity for Commissioners to provide updates and/or reports on progress, meetings, or activities related to topics of interest to the Commission and Public. This is for the purpose of sharing information only; action will not be taken by the Board on matters discussed under Commissioners Open Dialogue section. 144 /5C2. Environmental Control Board - B.C.C. 03.12.19 Oce of INDIAN RIVER COUNTY ATTORNEY Dylan Reingold, County Attorney William K. DeBraal, Deputy County Attorney Kate Pingolt Cotner, Assistant County Attorney MEMORANDUM TO: Board of County Commissioners as the Environmental Control Board FROM: Kate P. Cotner, Assistant County Attorney DATE: March 5, 2019 SUBJECT: Satisfaction and Release of Environmental Control Hearing Board Lien BACKGROUND. On April 10, 2014, the Environmental Control Hearing Board issued an order in case number 516-14 against Kathleen Dixon and assessed a $2,500.00 fine. On May 29, 2014, the Environmental Control Hearing Board recorded a Notice of Lien for Environmental Fine and copy of the referenced order (0. R. Bk 2762, Pages 215-218). On February 5, 2019, Kathleen Dixon made a payment of $2,500.00 to the Health Department in Indian River County. Attached for the Board's consideration is a Release and Satisfaction. FUNDING. The only cost associated with this item is the fee to record the Release and Satisfaction in the amount of $10.00. If approved, the executed Release and Satisfaction of Lien document will be mailed to Kathleen Dixon and she will pay the associated recording fee. RECOMMENDATION. The County Attorney's Office recommends the Board authorize the Chairman to execute the Release and Satisfaction for recordation in the Public Records of Indian River County, Florida. Attached: Release and Satisfaction of Lien. 145 This document was prepared by: Office of Indian River County Attorney 1801 27th Street, Vero Beach, FL 32960 772-226-1425 RELEASE AND SATISFACTION OF LIEN FOR AND IN CONSIDERATION of certain sums paid, the receipt of which is hereby acknowledged, INDIAN RIVER COUNTY, whose address is 1801 27th Street, Vero Beach, Florida 32960, hereby releases from the below described property owned by Kathleen Dixon, the civil penalty associated with case number 516-14 and a Notice of Lien for Environmental Fine recorded in O. R. Book 2762, Pages 215-218 Public Records of Indian River County, Florida: LOT 12, BLOCK 85, SEBASTIAN HIGHLANDS SUB UNIT 02, recorded in Plat Book 5, at Pages 34-37, of the Public Records of Indian River County, Florida. EXECUTED by the Chairman of the Board of County Commissioners Indian River County, Florida sitting as the Environmental Control Board of Indian River County this day of March, 2019. BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA sitting as the ENVIRONMENTAL CONTROL BOARD By: , Bob Solari, Chairman BCC approved: ATTEST: Jeffrey R. Smith, Clerk of Court and Comptroller By: Deputy Clerk STATE OF FLORIDA COUNTY OF INDIAN RIVER The foregoing instrument was acknowledged before me this day of March, 2019 by Bob Solari, Chairman of the Board of County Commissioners Indian River County, Florida sitting as the Environmental Control Board of Indian River County, who is personally known to me. NOTARY PUBLIC Print Name: Commission No.: Commission Expiration: Approved as to form and legal sufficiency: Kate P. Cotner Assistant County Attorney 146 /5 Environmental Control Board - B.C.C. 03.12.19 Office of INDIAN RIVER COUNTY ATTORNEY Dylan Reingold, County Attorney William K. DeBraal, Deputy County Attorney Kate Pingolt Cotner, Assistant County Attorney MEMORANDUM TO: Board of County Commissioners as theiEnvironmental Control Board FROM: Kate P. Cotner, Assistant County Attorney DATE: March 5, 2019 SUBJECT: Resolution Delegating Certain Authority to the Environmental Control Officer to Satisfy and Release Environmental Control Hearing Board Liens BACKGROUND. Chapter 85-427, is a special act that was authorized by the [Florida Legislature in 1985 to create the Indian River County Environmental Control Board which is made up of the five members of the Indian River County Board of County Commissioners (Board). Section 9 of Chapter 85-427 authorizes the Indian River County Environmental Control Board to appoint a five -member Environmental Control Hearing Board (Hearing Board) to conduct due process hearings into the merits of the alleged violations and, if necessary, to issue orders imposing civil penalties of up to $500 per day per violation against a person or entity found to be in violation of the Special Act. If a fine associated with an order is not paid within a specified period of time, the order is filed with the clerk to the circuit court and becomes a statutory lien against any and all property of the person or entity found to be in violation of the Special Act. When a person or entity pays the lien in full, the matter comes before the Board to approve a satisfaction and release of the lien. This action is non -discretionary and ministerial in nature. As such, the public interest would be served if the Environmental Control Officer had authority, concurrent with the authority of the Board, to satisfy and release Environmental Control Hearing Board liens which are paid in full. FUNDING. None. RECOMMENDATION. The County Attorney's Office recommends the Board approve a resolution delegating certain authority to the Environmental Control Officer to satisfy and release an Environmental Control Hearing Board Lien. Attached: Resolution Delegating Certain Authority to the Environmental Control Officer to Satisfy and Release Environmental Control Hearing Board Liens. 147 RESOLUTION NO. 2019- A RESOLUTION OF THE 1BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA SITTING AS THE ENVIRONMENTAL CONTROL BOARD, DELEGATING CERTAIN AUTHORITY TO THE ENVIRONMENTAL CONTROL OFFICER TO SATISFY AND RELEASE ENVIRONMENTAL CONTROL HEARING BOARD LIENS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Chapter 85-427, is a Special Act that was authorized by the Florida Legislature in 1985 to create the Indian River County Environmental Control Board which is made up of the five members of the Indian River County Board of County Commissioners (Board); and WHEREAS, Section 9 of Chapter 85-427 authorizes the Indian River County Environmental Control Board to appoint a five -member Environmental Control Hearing Board (Hearing Board) to conduct due process hearings into the merits of the alleged violations and, if necessary, to issue orders imposing civil penalties of up to $500 per day per violation against a person or entity found to be in violation of the Special Act; and WHEREAS, Section 16 of Chapter 85-427 states that any fine imposed by an order of the Hearing Board shall, upon expiration of the time for appeal and the filing of the underlying order with the clerk to the circuit court, become a statutory lien against any and all property of the respondent; and WHEREAS, because the satisfaction and release of the Hearing Board's liens which are paid in full is a non -discretionary, ministerial act, the public interest is served if the Environmental Control Officer has authority, concurrent with the authority of the Board, to satisfy and release Hearing Board liens which are paid in full. NOW, THEREFORE, BE IT RESOLVED BY THE INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS THAT: Section 1. The above "WHEREAS" clauses are true and correct, and hereby adopted as findings of this Board. Section 2. The Board hereby delegates to the Environmental Control Officer the authority to satisfy and release Hearing Board liens which are paid in full. Such authority shall exist concurrently with the authority of the Board. Section 3. This resolution shall take effect immediately upon adoption. The foregoing resolution was moved for adoption by Commissioner , and seconded by Commissioner , and, upon being put to a vote, the vote was as follows: 148 RESOLUTION NO. 2019 - Chairman Bob Solari Vice -Chairperson Susan Adams Commissioner Peter D. O'Bryan Commissioner Joseph E. Flescher Commissioner Tim Zorc The Chairman of the Board of County Commissioners Indian River County, Florida sitting as the Environmental Control Board of Indian Riverj County, thereupon declared the resolution duly passed and adopted this day of March, 2019. BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA sitting as THE ENVIRONMENTAL CONTROL BOARD ATTEST: Jeffrey R. Smith, Clerk of Court and Comptroller By: Deputy Clerk Approved as to form and legal sufficiency: By: Kate Pingolt Cotner, Assistant County Attorney By Bob Solari, Chairman 149