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06/04/2024
BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY FLORIDA COMMISSION AGENDA TUESDAY, JUNE 4, 2024 - 9:00 AM Commission Chambers Indian River County Administration Complex 1801 27th Street, Building A Vero Beach, Florida, 32960-3388 www.indianriver.gov COUNTY COMMISSIONERS Susan Adams, District 1, Chairman John A. Titkanich, Jr., County Administrator Joseph Flescher, District 2, Vice Chairman William K. DeBraal, County Attorney Joseph H. Earman, District 3 Ryan L. Butler, Clerk of the Circuit Court and Comptroller Deryl Loar, District 4 Laura Moss, District 5 1. CALL TO ORDER 2.A. A MOMENT OF SILENT REFLECTION FOR FIRST RESPONDERS AND MEMBERS OF THE ARMED FORCES 2.B. INVOCATION Leslie Swan, Supervisor of Elections 3. PLEDGE OF ALLEGIANCE William K. DeBraal, County Attorney 4. ADDITIONS/DELETIONS TO THE AGENDA / EMERGENCY ITEMS 5. PROCLAMATIONS and PRESENTATIONS 5.A. Proclamation Honoring David May on his Retirement from Indian River County Sheriffs Office Attachments: Proclamation 5.B. Proclamation Honoring Roger Harrington on his Retirement from Indian River County Sheriffs Office Attachments: Proclamation 6. APPROVAL OF MINUTES 7. INFORMATION ITEMS FROM STAFF OR COMMISSIONERS NOT REQUIRING BOARD ACTION June 4, 2024 Page 1 of 6 7.A. Event Calendar Attachments: Staff Report 8. CONSENT AGENDA 8.A. Checks and Electronic Payments April 26, 2024 to May 2, 2024 Attachments: Comptroller Division Staff Report 8.B. Checks and Electronic Payments May 3, 2024 to May 9, 2024 Attachments: Comptroller Division Staff Report 8.C. Checks and Electronic Payments May 10, 2024 to May 16, 2024 Attachments: Comptroller Division Staff Report 8.D. Debt Policy Revisions Attachments: Staff Report Proposed Clean Version - Debt Policy Strikethrough Version - Debt Policy 8.E. Additional Service #6, Value Engineering Revise Bid Documents - Sparc Design - New Clubhouse at Sandridge Golf Club Attachments: Staff Report Sandridge Add'I Service #6 8.F. Dori Slosberg Driver Education Safety Act - Indian River County Traffic Education Program Trust Fund Report - Cumulative Reporting Through 03/31/24 Attachments: Comptroller Division Staff Report 8.G. Quarterly Investment Report for Quarter Ending 03/31/2024 Attachments: Comptroller Division Staff Report 8.H. Quarterly OPEB Trust Report for Quarter Ending 03/31/2024 Attachments: Comptroller Division Staff Report 8.I. Quarterly Tourist Development Tax Report for Quarter Ending 03/31/2024 Attachments: Comptroller Division Staff Report 8.J. Tourist Development Council 2024/2025 Budget Recommendations Attachments: Staff Report 8.K. General Obligation Bonds, Series 2024 Supplemental Resolution Attachments: Staff Report 2024 Supplemental Resolution June 4, 2024 Page 2 of 6 8.L. Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation for Lost Tree Village Attachments: Staff Report Partial Release of Easement S.M. Approval of FY 2023/2024 EMS County Awards Grant: Purchase of Capital/Operating Equipment Using Non -Matching EMS Grant Funds and Grant Resolution Attachments: Staff Report Grant Application 2023-2024 County Allocations Resolution EMS County Grant 8.N. Approval of Fourth Renewal of Third Amendment of Property Lease for Temporary Location of Fire Station #7 Attachments: Staff Report Lease Agreement Station 7 8.0. Property Exchange for Right -of -Way Acquisition, 3890 Old Dixie Highway, Vero Beach, FL 32960 & 3900 Old Dixie Highway, Vero Beach, FL 32960, Golden Eagle Upholstery Services Corporation Attachments: Staff Report Real Estate Exchange Agreement Resolution for Golden Eagle property exchange Exhibit A Exhibit B Exhibit C 8.P. Amendment No. 1 to AtkinsRealis Work Order No. 7 for conceptual design of a Stormwater Storage/Treatment Facility Attachments: Staff Report ATKINS WO NO. 7 Amendment No. 1 to WO No. 7 WO No. 7, Amendment No. 1 Execution Form 8.Q. Authorization for Staff to Pursue Unexpended Balances in the FDEP's Hurricane Restoration Reimbursement Grant Program Attachments: Staff Report 8.R. Termination of Award of Bid 2024033 - Annual Right -of -Way Mowing Attachments: Staff Report June 4, 2024 Page 3 of 6 8.S. School District Request for Resolution Calling for Referendum on the General Election Ballot of November 5, 2024 Attachments: Staff Report Referendum Resolution 2024 School Board Resolution 2024-08 9. CONSTITUTIONAL OFFICERS and GOVERNMENTAL AGENCIES 10. PUBLIC ITEMS A. PUBLIC HEARINGS 10.A.1. Community Baptist Church, Inc.'s Request for Special Exception Use and Site Plan Approval for a K-12 Private School [SP -SE -23-03-10 / 96010103-95990] (Quasi -Judicial) Attachments: Staff Report Excerpt from Draft May 9, 2024 PZC Minutes Location Map Aerial Site Plan Landscape Plan B. PUBLIC DISCUSSION ITEMS C. PUBLIC NOTICE ITEMS 11. COUNTY ADMINISTRATOR MATTERS 12. DEPARTMENTAL MATTERS A. Community Services B. Emergency Services C. Human Resources 12.C.1. Indian River County Everside Health Center - 6 Month Update & Request for Approval of Additional Staffing and Direct Contract for Radiology Services Attachments: Staff Report Everside Photo Collage D. Information Technology E. Natural Resources F. Office of Management and Budget G. Parks, Recreation, and Conservation H. Planning and Development Services June 4, 2024 Page 4 of 6 I. Public Works J. Utilities Services 13. COUNTY ATTORNEY MATTERS 14. COMMISSIONERS MATTERS A. Commissioner Susan Adams, Chairman B. Commissioner Joseph E. Flescher, Vice Chairman C. Commissioner Joseph H. Earman D. Commissioner Deryl Loar E. Commissioner Laura Moss 15. SPECIAL DISTRICTS AND BOARDS A. Emergency Services District B. Solid Waste Disposal District C. Environmental Control Board 16. ADJOURNMENT 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.indianriver.gov 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. June 4, 2024 Page 5 of 6 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. June 4, 2024 Page 6 of 6 Prociamatrott HONORING DAVID MAY ON HIS RETIREMENT FROM INDIAN RIVER COUNTY SHERIFF'S OFFICE Whereas, David May is retiring from the Indian River County Sheriffs Office effective June 7, 2024; and Whereas, David May began his law enforcement career in 1997 and has served with distinction for over twenty-six years, working diligently under four sheriffs to protect and serve the citizens of Indian River County and the State of Florida; and Whereas, David May, during his twenty-six-yearlaw enforcement career, has served in may capacities including Corrections Deputy, Law Enforcement Deputy and School Resource Deputy; and Whereas, over his tenure, David received many acknowledgements and commendations for his efforts, including Going the Extra Mile, Corrections Deputy of the Year, Honorable Service and Exceptional Duty, and Whereas, David's remarkable dedication to his profession has earned him the appreciation of Sheriff Flowers and all those who have had the honor of working with him. Now, Therefore, be it Proclaimed by the Board of County Commissioners of Indian River County, Florida, that the Board acknowledges the contributions that David May has made to the citizens of Indian River County during his successful law enforcement career and wish him a happy and prosperous retirement. Adopted this 4th day of June 2024. BOARD OF COUNTY COMMISSIONERS, INDIAN RIVER COUNTY, FLORIDA Susan Adams, Chairman Joseph E. Flescher, Vice Chairman Joseph H. Earman Deryl Loar Laura Moss Proclamation HONORING ROGER HARRINGTON ON HIS RETIREMENT FROM INDIAN RIVER COUNTY SHERIFF'S OFFICE Whereas, Lieutenant Roger Harrington retired from the Indian River County Sheriffs Office, effective May 3, 2024; and -Whereas, Roger Harrington began his journey in law enforcement in 1996 and has served with distinction for over twenty-eight years, working diligently under four sheriffs to protect and serve the citizens of Indian River County and the State of Florida; and -Whereas, Roger Harrington during his twenty -eight-year law enforcement career has served in many capacities including Transportation Deputy and also served on the CERT Team. His many years of experience, demonstrated ability for leadership, and irreproachable professionalism duly resulted in his promotion to the ranks of sergeant and lieutenant, and Whereas, over his tenure, Roger received many acknowledgements and commendations for his efforts, including Corrections Deputy of the Year, Lifesaving, Honorable Service and Going the Extra Mile; and Whereas, Roger's remarkable dedication to his profession has earned him the appreciation of Sheriff Flowers and all those who have had the pleasure of working with him. Now, Therefore, be it Proclaimed dy the Board of County Commissioners of Indian River County, FCorida, that the Board acknowledges the contributions that Lieutenant Roger Harrington has made to the citizens of Indian River County during his successful law enforcement career and wish him a happy and prosperous retirement. Adopted this 4th day of June 2024. BOARD OF COUNTY COMMISSIONERS, INDIAN RIVER COUNTY, FLORIDA Susan Adams, Chairman Joseph E. Flescher, Vice Chairman Joseph H. Earman Deryl Loar Laura Moss VER G� Q �OR19Q' Indian River County Venue Event Calendar — June 2024 For more www.indianriver.gov AQUATIC FACILITIES OPEN DAILY! Saturday, June 1 -Sunday, August 11 @ North County and Gifford Aquatic Centers • Cost varies by facility. ➢ All ages welcome! Children 13 & under must have parental supervision. Children 13-17 must have a waiver on file to use the facility without parental supervision. ➢ For more information including amenities, rates, and hours of operation visit us online at www.indianriver.gov/aquatics. ADVENTURE BEGINS: SUMMER READING CHALLENGE, EVENTS, & ACTIVITIES Monday, June 3 -Friday, July 26 @ Your Library! • FREE! ➢ Open to children, young adults, and teens. ➢ Summer is no time to be humble. We want you to keep reading all summer long and BRAG about it! For every 100 minutes of reading, you'll earn a different brag tag. How many can you collect this summer? If you would like to participate, pick up your Summer Reading Challenge packet at any Children's Desk, any branch. The packet includes a reading log, stickers, bag, and bookmark. Check socials and our website for a comprehensive list of activities and events at all branches. BOOK CLUB TUESDAY Tuesdays, June 4-25 @ IRC Parks Office • 10:30am-11:30am. FREE! ➢ Ages 55 & older. ➢ Reading can enrich senior lifestyle, eliminate boredom, and give the reader something fun and healthy to do! With this book club you will meet new people where you can share interests and be a part of something stress -free and fun. Reading is great for cognitive health which can help prevent or delay Alzheimer's Disease and dementia, reduce anxiety, and promote better sleep. ➢ For more information call 772-226-1780 or register at www.indianriver.gov/parksandrecreation. GIFFORD TENNIS: BABY BALLERS Tuesdays & Thursdays, June 4 -July 25 @ Victor Hart Sr. Community Enhancement Park Tennis Courts 4:45-5:45pm & 5:45-6:45pm. FREE! ➢ Ages 6-10. ➢ Are you ready to ball? We know that tennis can bea. little complicated but with the help of our well-trained volunteer staff our Baby Ballers will have the chance to learn just how exciting tennis is! This program will teach the fundamentals of tennis including maintaining a rally, proper positioning, score keeping, and more! ➢ For more information call 772-226-1780 or registetatwww.indianriver.gov/parksandrecreation. 3 LITTLE EXPLORERS: MANATEE MIGRATION Wednesday, lune 5 @ iG Center • 10:00am-11:00am. FREE! ➢ All ages welcome. ➢ Gather your little ones and migrate down to the Intergenerational Center to learn about the wonderful sea cow! Staff will lead children as they learn about manatee adaptations, their habitat, and the many threats they face! This free event includes story time, manatee craft, and game. ➢ For more information contact Olivia at 772-226-1712 or register online at www.indianriver.gov/parksandrecreation. SINGING BOWLS Thursday, June 6 @ iG Center • 7:00pm. Cost $25. ➢ All ages welcome. ➢ Relax, meditate, unwind, and reduce stress while feeling the healing sounds of Tibetan Singing Bowls. Sit or bring your mat, pillow, or blanket while experiencing the energy of soothing vibrations. ➢ For more information call 772-226-1780 or register online at www.indianriver.gov/parksandrecreation. FOAM PARTY Friday, June 7 @ Main Branch • 10:30am. FREE! ➢ Ages 5-12. ➢ Kick off the summer with a foam dance party! This program is intended for ages 5 —12 and is a cool, clean, refreshing way to celebrate the start of summer fun. Millions of tiny bubbles surround partygoers for an unforgettable experience. This program is outside — please dress appropriately. FREE tickets are required and available 30 minutes prior to the event. ➢ For more information contact Patti Fuchs @ 772-400-6318 or pfuchs@indianriver.gov. DIY SWEETS: STRAWBERRY BOBA TEA Friday, June 7 @ Brackett Library • 3:00pm. FREE! ➢ Ages 12-18. ➢ Experience a taste of Taiwan and learn how to make boba tea! All materials will be provided. ➢ For more information, email the young adult librarian at glee@indianriver.gov. VERO BEACH SUMMER PICKLEBALL CLASSIC Saturday, June 8 @ iG Center • 8:30am. Cost $25 per person. ➢ Ages 16 & older. ➢ The Vero Beach Summer Pickleball Classic tournament is BACK! This 3 -game guarantee mixed doubles tournament is open to all players 16 & older. Whether you're a seasoned pro or a beginner, this tournament is going to be a big dill! There will be plenty of games to watch and exciting matches to play. All participants receive a tournament shirt and a chance to win great prizes! Will you be crowned the next king or queen of the court? ➢ Contact us at 772-226-1780 for more information or register online at www.indianriver.gov/parksandrecreation. 4 SHOOT FOR A CAUSE Saturday, June 8 @ IRC Shooting Range • 9:00am-2:00pm. Cost $125 or $500 for a team of 4. ➢ Join the Exchange Club of Fellsmere to Shoot for a Cause, proceeds will be donated to local agencies to help children and families in our community. ➢ Contact us at fellsmere.exchange@gmail.com for more information. JONES PIER FAMILY FISHING Saturday, June 8 @ Jones Pier • 9:00am-11:00am. FREE! ➢ All ages welcome, children must be accompanied by an adult. ➢ Calling young anglers! Join Conservation Lands Division staff at Jones' Pier Conservation area for this free event as we celebrate National Fishing and Boating Week. Participants will learn about the on-site salt marsh and how it increases biodiversity as a nursery habitat. Staff will lead a fish craft and bait will be provided if you want to cast your lines and help with a scientific study! Please bring your own gear. Space is limited so register all your group attendees in advance. Please note participants over the age of 16 will need a valid Florida fishing license and children must be accompanied by an adult. ➢ For more information contact Olivia at 772-226-1712 or register online at www.indianriver.gov/parksandrecreation. INTRO TO GENEALOGY Saturdays, June 8 & 15 and Friday, June 21 @ Main Branch • 10:30am-12:30pm. FREE! ➢ Ages 18 & older. ➢ Take our FREE three -session class to get started on tracing your roots. Registration is required and you will get more out of the experience by attending all three sessions. ➢ To register, call 772-400-6324. Space is limited. PICKLEBALL CAMP Monday -Friday, June 10-14 @ iG Center • 8:30am-10:30am. Cost $50 per person. ➢ Ages 9-13 years. ➢ Looking for something fun to do this summer? This fun game with a sweet and sour name is an exciting introduction to pickleball for kids who love being active and trying new things. Campers will be taught fundamentals in a friendly and supportive environment to work on learning or improving their skills. ➢ Contact us at 772-226-1780 for more information or register online at www.indianriver.gov/parksandrecreation. JR. LIFEGUARD PROGRAM Monday -Thursday, June 10-20 @ North County Aquatic Center • Saturday, 9:00am-4:00pm. $150.00. ➢ Ages 12-14 years. ➢ This three-day American Red Cross Babysitter Training course will teach participants the basics of childcare, first aid, and CPR. Upon successful completion Participants will receive their CPR and First Aid Certification. 5 ➢ For more information contact Heather at 772-226-1747 or to register visit us at www.indianriver.gov/parksandrecreation. FAMILY BINGO Thursday, June 13 @ North Library • 10:30am. FREE! ➢ Ages 5-12. ➢ Join us for a morning of Bingo for the whole family! FREE tickets are required and available 30 minutes prior to the event. ➢ For more information contact Patti Fuchs @ 772-400-6318 or pfuchs@indianriver.gov. PARKOUR Thursdays, June 13 -July 25 @ iG Center • 4:00pm-5:00pm. Cost $20 for a 6 -week session or $5 per class drop-in. ➢ Ages 8-12. ➢ Move, run, jump, and roll. In this 6 -week class participants will learn the basics of parkour and ways to maneuver around obstacles in a safe yet thrilling way. No class 7/4. ➢ For more information contact 772-226-1780 or register online today at www.indianriver.gov/parksandrecreation. CARDIO -BOXING Thursdays, June 13 -July 25 @ iG Center • 6:00pm-7:00pm. Cost $20 for a 6 -week session or $5 per class drop-in. ➢ Ages 13 & older. ➢ Cardio -Boxing is a great way to tone up and improve coordination while burning calories! Emphasis is placed on cardiovascular movements and drills. This beginner friendly class provides an excellent work out for all fitness levels and modifications are available when needed. Please note there is no sparing in this class, the boxing aspect includes: bag work, shadow boxing, foot work, and punching form. No Class 7/4. Instructor: Ben F. ➢ For more information contact 772-226-1780 or register online today at www.indianriver.gov/parksandrecreation. ADVENTURE TRAINING WITH SAMMY MCGEE Friday, June 14 @ Main Branch • 10:30am. FREE! ➢ Ages 5-12. ➢ Do you have what it takes to survive in the wilds of Florida? Sammy McGee from the St. Sebastian River Preserve State Park teaches how to safely explore Florida's natural spaces. ➢ FREE tickets are required and available 30 minutes prior to the event. For more information contact Patti Fuchs @ 772-400-6318 or pfuchs@indianriver.gov. RECREATION AND CONSERVATION HIKING CLUB -OSLO RIVERFRONT Saturday, June 15 @ Oslo Riverfront • 8:30am-10:00am. FREE! ➢ Ages 5 & older. ➢ These free interactive events have something for all levels of hiker. Prefer a fast -paced hike? Cruise along with Recreation Leader Sarah. Want to take your time and learn about the habitat? Meander through the area with Environmental Educator Olivia. Cover miles of trails and gain knowledge as you go! Hikers reaching milestones are eligible to receive prizes! 6 ➢ For more information contact Olivia at 772-226-1712 or register online at www.indianriver.gov/parksandrecreation. SUMMER SPORTS CAMP Monday -Friday, June 17-21 @ iG Center • 9:00am-12:00pm. Cost $75 week or $20 per day. ➢ Ages 6-12. ➢ Join us for a jam-packed week full of Summer Camp fun! Each day at this camp we will be playing different sports. We will introduce the fundamentals of each game, teach the campers skills they can bring home with them, and give everyone a chance to practice and apply their skills. Be ready to participate in plenty of friendly competitions and bring a snack for our midday break! Space is limited. ➢ Contact us at 772-226-1780 for more information or register online at www.indianriver.eov/oarksand recreation. FROGS AND TOADS OF INDIAN RIVER COUNTY - LECTURE Wednesday, June 19 @ iG Center • 12:00pm-1:00pm. FREE! ➢ Ages 5 & older. ➢ Did you know there are 16 native species of frogs and toads in Indian River County? All of them can be found on the various conservation areas throughout the county as well as in retention ponds, wood lots, and neighborhoods. Learn about your amphibious neighbors at a ribbiting and informative free program presented by local naturalists, Dee and David Simpson. ➢ RSVP to Olivia Roddenberry at oroddenberry@indianriver.gov or 772-226-1780 MUSIC BINGO Wednesday, June 20 @ IRC Parks Office • 2:00pm. FREE! ➢ Ages 55 & older. ➢ Join us on the 4th Thursday of every month for Music Bingo, Bingo with a TWIST! Who sings it, Name that Tune, What's the name of the band, and more! Attend for a chance to win tickets to Rocking the Park 2. ➢ Contact us at 772-226-1780 for more information or register online at www.indianriver.gov/parksandrecreation. FROGS AND TOADS OF INDIAN RIVER COUNTY - HIKE Saturday June 22 @ Sebastian Stormwater Park 9:00am-10:30pm. FREE! ➢ Ages 7 & older. ➢ Ready to wander out into Indian River's conservation lands and stormwater park in search of native frogs and toads? The summer rainy season is prime breeding time for frogs and toads. They will be coming from all around to lay eggs in seasonal wetlands, retention ponds, and,canals. This hike is free to attend. The group will visit Sebastian Harbor Preserve and the Sebastian Stormwater Park. ➢ RSVP to Olivia Roddenberry at oroddenberry@indianriver.gov or 772-226-1780. PSYCHIC AND ODDITIES FEST Saturday & Sunday, June 22-23 @ IRC Fairgrounds • 12:00pm-5:00pm. Cost $15. 7 ➢ This event mirrors a World Fair & Grand Exhibition with a Psychic, Witches, & Gothic Spin. It is a themed vendor expo with gothic arts, psychics, oddities, tarot readers, Witchy and Halloween exhibitors, and spaces for fashion, costume, healing, & beyond. ➢ For more information or to purchase tickets visit grimoireacademy.com. SUSTAINABLE SOWING: WILDFLOWER WORKSHOP Monday, June 24 @ iG Center 6:30-7:30pm. FREE! ➢ Ages 5 & older. ➢ Want to learn more about the beautiful blooms of Indian River County? Join Conservation Lands Division at the Intergenerational Center and celebrate Upcycling Day with this free event! Participants will turn "trash" into a planter as they learn about the benefits of native flowers and how they help maintain biodiversity. This event will include native seeds to grow and paint to design your "planter". ➢ For more information or to register visit us at www.indianriver.gov/parksandrecreation. GIGI THE CLOWN LIVE! Thursday, June 27 @ North Library • 10:30am. FREE! ➢ Ages 5-12. ➢ Our favorite funny person in grease paint returns to make us laugh! Intended for ages five —12. FREE tickets are required and available 30 minutes prior to the event. ➢ For more information contact Patti Fuchs @ 772-400-6318 or pfuchs@indianriver.gov. VERO BEACH GUN SHOW Saturday & Sunday, June 29-30 @ IRC Fairgrounds • Saturday, 9:00am-S:00pm. Cost $8. • Sunday, 10:00am-4:00pm. Cost $8. ➢ All ages welcome! ➢ Join Patriot Productions for the Vero Beach Gun Show! Express 90 -minute concealed weapons license classes at every show. Buy, Sell and Trade! ➢ For more information visit patriotshows.com. FLAMINGO BINGO Saturday, June 29 @ iG Center • Saturday, 1:00pm-3:00pm. FREE! ➢ All ages welcome! ➢ Get ready for a feathered fiesta at flamingo Bingo, a tropical twist on a classic game! From Flamingo inspired decorations to Vibrant Bingo Cards and PRIZES, it's going to be a flamazing time. Gather your friends and family and get ready for a flocking good time! ➢ For more information call 772-226-1780 or to register visit us at www.indianriver.gov/parksandrecreation. ARCHERY 101 Sunday, June 30 @ IRC Shooting Range • 9:00am-11:00am. Cost $60. ➢ Archery 101 is an introduction to archery. Upon completion of the course, you will have a basic understanding of Archery and an increased sense of confidence heading out to the Archery Range or wooded Archery Course. 8 ➢ Contact us at 772-226-3096 for more information or register online at www.indianriver.gov/parksandrecreation. HANDGUN 101 Sunday, June 30 @ IRC Shooting Range • 9:OOam-2:OOpm. Cost $100. ➢ Handgun 101 is a complete guide to understanding the basics of firearm ownership, safety, nomenclature and how it applies to self-defense. This course is taught by an NRA Certified Instructor. Upon successful completion participants will receive a training certificate that may be submitted to the State of Florida as proof of training if applying for a CCWP. ➢ Contact us at 772-226-3096 for more information or register online at www.indianriver.gov/parksandrecreation. BABYSITTER TRAINING Monday -Wednesday, July 1-3 @ Gifford Aquatic Center • Saturday, 9:30am-2:30pm. $60. ➢ Ages 11 & older. ➢ This three-day American Red Cross Babysitter Training course will teach participants the basics of childcare, first aid, and CPR. Upon successful completion Participants will receive their CPR and First Aid Certification. ➢ For more information contact Heather at 772-226-1747 or to register visit us at www.indianriver.gov/parksandrecreation. 100 MILE SWIMCLUB Daily @ North County and Gifford Aquatic Centers ➢ All ages are welcome. ➢ Get started by setting a personal goal, whether you want to swim 5 miles or 500. Sign up all year long by visiting our aquatics desk. Annual membership $10.00 for local tracking, (laps swam at North County or Gifford Aquatics pool) or 15.00 for Global tracking, (laps swam anywhere) valid January -December. ➢ All participants reaching the 100 miles will receive a yearly certificate indicating the total miles swam and be invited to the end of the year potluck and recognition ceremony. ➢ Swimmers who swim 100 miles at North County and Gifford Aquatic Centers, within the year, will receive an exclusive 100 Mile Swim Club T-shirt. ADULT OPEN GYM BASKETBALL Tuesday and Thursday @ iG Center 8:30am-12:OOpm. Cost $3. ➢ Adults 18 & older. ➢ Time where the gymnasium is available to adults to practice skills, shoot hoops, and play pick- up games. ➢ Call 772-226-1780 for more information and to confirm open gym dates. AQUAFIT Tuesday and Thursday, Year -Round @ North County Aquatic Center • 9:30am-10:30am. Cost $4 (or 8 class pass $28). ➢ All ages are welcome. ➢ Move along to music as you perform instructor -guided moves designed to improve cardiovascular function, increase core strength, develop better, and bum calories. Let's make the water work for you. Flotation belts and water barbells are available at no charge. ➢ For more information, contact the North County Aquatic Center 772-226-1752. BOARD GAMES Thursday @ iG Center • 1:00pm-4:00pm. Cost $1. ➢ Ages 18 & older. ➢ Join us for a fun -filled afternoon playing some of our favorite board games! ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. BRIDGE CLASS Thursday @ iG Center • 4:00pm-6:00pm. Cost $3. ➢ Ages 15 & older. ➢ This informal Bridge Class is designed for beginner to intermediate players. ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. COLORING & COFFEE Tuesday @ iG Center • 9:00am-10:00am. Cost $1. ➢ Ages 18 & older. ➢ Looking for a way to unwind and reduce stress? Join us for a morning of relaxation through coloring. Materials provided. ➢ For more information call 772-226-1780. COUNTRY LINE DANCING Tuesday @ iG Center • 6:30pm-7:30pm. Cost $3. ➢ Ages 14 & older. ➢ Join us for a fun evening of Country Line Dancing! Instruction and lessons provided. ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. GENTLE CHAIR YOGA Monday, Tuesday & Thursday @ iG Center • Monday, 10:30am-11:30am; Tuesday and Thursday, 12:00pm-1:00pm. Cost $5. ➢ All ages welcome! ➢ Designed to improve flexibility and strengthen muscles while using a chair for sUpport. Walk-ins welcome. ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. GET UP OFF YOUR ROCKER Fridays @ Gifford Aquatic Center Mondays @ Dept. of Health Wabasso Site • 10:30am-11:30am. FREE! ➢ Ages 55 & older. 10 ➢ Get up off your rocker and head to Chrissy's low impact exercise class! If you aren't crazy about exercising this is the perfect class for you. Enjoy light movement exercises set to music with a few dance moves mixed in! ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. HEALTHIER YOU WEDNESDAYS Third Wednesday, @ iG Center • 11:00am-12:00pm. FREE! ➢ All ages welcome. ➢ Join Nutrition Educator Amanda Trott to learn the importance of healthy food choices and how to live a healthier, more nutritious lifestyle. ➢ For more info call us at 772-226-1780. HOMESCHOOL PE Tuesday @ iG Center • 3:00pm-4:00pm. Cost $3. ➢ Ages 4-10 years. Limited spots please register. ➢ A great chance for children to exercise and make new friends. Teaching children valuable life skills such as teamwork, fairness, and good sportsmanship. ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. LEGO CLUB: GROUP BUILD Tuesdays @ Brackett Library • 3:00pm. FREE! ➢ Ages 6-12. ➢ This group -build comes with weekly challenges that exercise being creative with the bounds of structure. Registration is not required. ➢ For more information contact Patti Fuchs @ 772-400-6318 or pfuchs@indianriver.gov. MAHJONG Tuesday and Thursday @ iG Center • Tuesday 10:00am-1:00pm; Thursday 10:00am-1:00pm. Cost $2. ➢ Ages 18 & older. ➢ Tile sets are provided as you play in groups of 3-4. Please bring your own Mahjong card. ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. MAT PILATES Tuesday and Thursday @ iG Center • 9:15am-10:15am. Cost $12. ➢ All ages welcome. ➢ Exercises are structured using special equipment designed to improve strength, flexibility, posture and enhance mental awareness. Walk-ins welcome. ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. ON THE MOVE Thursdays @ IRC Parks Office Sponsored by the Florida Blue Foundation • 9:30am-10:30am. FREE! ➢ Ages 55 & older. 11 ➢ Move it or lose it! This low impact exercise class is meant to get your blood flowing and increase movement while setting your own pace. Walk-ins welcome. Parks Office is located at 5500 77th Street. ➢ For more information call us at 772-226-1780. OPEN GYM PICKLEBALL Monday, Wednesday, and Friday @ iG Center • 8:30am-11:30am and 12:00pm-3:00pm. Cost $3. Monday -Friday @ iG Center • 12:00pm-3:00pm. Cost $3. Saturday @ iG Center • 8:30-11:30pm. Cost $3. ➢ Pickleball is played in the gymnasium (6 courts) as either singles or doubles with a paddle and a plastic whiffle ball. Please bring your own equipment. Call 772-226-1780 for more information. PICKLEBALL CLASSES — WITH DEREK PRINCE Monday (twice monthly, dates vary) @ iG Recreation Center • 12:30pm-2:00pm. $30 per class. ➢ Beginner Pickleball Levels I — III / Pickleball Doubles Strategy / Intro to Pickleball. ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. PING PONG OPEN PLAY Monday @ iG Center • 5:30pm-8:30pm. Cost $3. ➢ Whether you're a beginner or seasoned pro it's the perfect way to improve your skills, meet new people, and have a blast! Mark your calendar and get ready to unleash your ping pong skills! No registration required! ➢ For more info call us at 772-226-1780. PRE-SCHOOL TUMBLING Friday @ iG Center • 10:15am, 1:00pm, and 4:00pm. Cost $3 pre -registered; $5 at the door. ➢ Preschool tumbling is a great start for ages 4-5. Children are taught basic tumbling skills such as forwards/backwards rolls, handstands, and cartwheels. ➢ Improve self-confidence, basic skills, strength, flexibility, and balance. Spaces are limited! ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. QI GONG Tuesday @ iG Center • 10:00am-11:00am. Cost $12. ➢ No special clothing or equipment required. Stand or sit. Walk-ins welcome. Leave refreshed, relaxed, and joyful. ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. SENIOR WELLNESS -AEROBICS AND WEIGHTS Monday, Wednesday, and Friday @ iG Center Sponsored by the Florida Blue Foundation • 8:45am-9:45am and 10:00am-11:00am. FREE! Tuesday @ Wabasso Community Center Sponsored by the Florida Blue Foundation • 7:00am-8:00am. FREE! 12 ➢ Special programming for our 55+ community to have social interaction and light exercise activity. Activities can be adapted to ability levels and interests. Walk-ins welcome. ➢ For more information call 772-226-1780. SENIOR WELLNESS — ROCK AND ROLL CARDIO Thursday @ Wabasso Community Center Sponsored by the Florida Blue Foundation • 7:OOam-8:OOam. FREE! Thursday @ iG Center Sponsored by the Florida Blue Foundation • 10:30am-11:30am. FREE! ➢ Like our regular Senior Wellness Program for 55 & older but with fun dancing music to spice it up a notch. Walk-ins welcome. ➢ For more information call 772-226-1780. SHINE LIGHT WITH CRYSTAL Saturday @ iG Center • 9:OOam-10:OOam. Cost $10. ➢ Full body cardio and toning workout based on traditional jazz, ballet and hip-hop. Get ready to sweat, smile, shimmy and shake your worries away. Walk-ins welcome. ➢ Go to www.indianriver.gov/parksandrecreation_to register or call 772-226-1780. STRETCH & FLEX Monday, Tuesday, and Thursday @ iG Center • 9:15am-10:15am. Cost $5. ➢ Great cardiovascular workout set to music. Helps build endurance and strengthens the heart. ➢ Go to www.indianriver.gov/parksandrecreation to register or call 772-226-1780. SWIM LESSONS Private and group swimming lessons are available throughout the summer months. • Cost $80 per person for four 25 -minute lessons. • $40 per person per session for group lessons. ➢ Scholarships are available for those who qualify. ➢ For information, call the North County Aquatic Center at772-226-1752 or the Gifford Aquatic Center at 772-226-1175. THURSDAY NIGHT LIGHTS Thursday @ IRC Shooting Range • 5:OOpm-9:OOpm. ➢ We light up the fields for a fun skeet -trap night activity. No registration required. ➢ For more information call 772-226-3096. UPBEAT BOXING Tuesday and Thursday @ iG Center Sponsored by the Florida Blue Foundation • 3:OOpm-4:OOpm. FREE! ➢ Boxing fitness class geared for ages 55 +. Held twice a week to get youbot, active and UP -BEAT! Walk-ins welcome. ➢ For more information call 772-226-1780. VETERANS YOGA PROJECT — MINDFUL RESILIENCE Wednesday @ iG Center 13 • 2:OOpm-3:OOpm. FREE! ➢ Led by Certified Yoga Alliance Trainer Danielle Martinez. ➢ Class open to active and retired military, first responders, their families, caregivers, and anyone looking to support veterans. ➢ Call 772-226-1780 for more information. WALK IN THE PARK Wednesdays @ Kiwanis Hobart Park Sponsored by the Florida Blue Foundation • 9:OOam-9:45am. FREE! ➢ Join us for a stress -free walk among the trees and nature at Kiwanis Hobart Park. Participants will enjoy walking the perimeter trail while getting exercise. Be sure to wear light clothing and bring water. ➢ Call 772-226-1780 for more information or just show up. YOGA-LATES Tuesday and Thursday @ iG Center • 10:30am-11:30am. Cost $8. ➢ Mix between Yoga and Pilates. Walk-ins welcome. ➢ Go towww.indianriver.gov/parksandrecreation to register or call 772-226-1780. 14 Ryan L. Butler Clerk of Circuit Court & Comptroller 1801 27th Street Vero Beach, FL 32960 Telephone: (772) 226-3100 TO: HONORABLE BOARD OF COUNTY COMMISSIONERS FROM: ELISSA NAGY, CHIEF DEPUTY COMPTROLLER THRU: RYAN L. BUTLER, COMPTROLLER DATE: May 2, 2024 SUBJECT: APPROVAL OF CHECKS AND ELECTRONIC PAYMENTS April 26, 2024 to May 2, 2024 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 Division, for the time period of April 26, 2024 to May 2, 2024. 15 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 11622 04/26/2024 WIRE IRC FIRE FIGHTERS ASSOC 11,452.46 11623 04/26/2024 WIRE TEAMSTERS LOCAL UNION #769 5,187.00 11624 04/26/2024 WIRE VEROTOWN LLC 197,988.65 11625 04/26/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 639.30 11626 04/29/2024 WIRE FLORIDA DEPT OF FINANCIAL SERVICES 22,622.31 11627 04/29/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 26.42 11628 04/29/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 391.35 11629 04/29/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 968.62 11630 04/29/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 667.07 11631 04/29/2024 WIRE LINCOLN RETIREMENT 133.50 11632 04/29/2024 WIRE IRS -PAYROLL TAXES 72,834.07 11633 04/29/2024 WIRE IRS -PAYROLL TAXES 604,133.27 11634 04/29/2024 WIRE FLSDU 2,929.96 11635 04/29/2024 WIRE LINCOLN RETIREMENT 38,251.44 11636 04/29/2024 WIRE LINCOLN RETIREMENT 98,514.10 11637 04/30/2024 WIRE CLERK OF CIRCUIT COURT 13,956.84 11638 04/30/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 818.50 11639 04/30/2024 WIRE STATE OF CONNECTICUT TREASURER 82.88 11640 04/30/2024 WIRE COMMONWEALTH OF PENNSYLVANIA 42.41 11641 05/01/2024 WIRE ST LUCIE BATTERY & TIRE CO 1,159.27 11642 05/01/2024 WIRE INDIAN RIVER COUNTY SHERIFF 5,862,721.82 11643 05/01/2024 WIRE CLERK OF CIRCUIT COURT 121,968.91 11644 05/01/2024 WIRE INDIAN RIVER COUNTY SUPERVISOR OF ELECTIONS 148,350.34 11645 05/01/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 1,060.87 11646 05/02/2024 WIRE TD BANK 9,652.09 11647 05/02/2024 WIRE KIMLEY HORN & ASSOC INC 10,675.00 11648 05/02/2024 WIRE KIMLEY HORN & ASSOC INC 7,435.00 11649 05/02/2024 WIRE KIMLEY HORN & ASSOC INC 1,755.00 11650 05/02/2024 WIRE KIMLEY HORN & ASSOC INC 1,092.80 11651 05/02/2024 WIRE KIMLEY HORN & ASSOC INC 481.16 11652 05/02/2024 WIRE KIMLEY HORN & ASSOC INC 8,485.30 11653 05/02/2024 WIRE KIMLEY HORN & ASSOC INC 2,538.15 11654 05/02/2024 WIRE AMERICAN HERITAGE LIFE INS CO 21.96 11655 05/02/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 811.44 449416 04/26/2024 PRINTED UNITED WAY OF INDIAN RIVER COUNTY 1,381.00 449417 04/26/2024 PRINTED CALIFORNIA STATE DISBURSEMENT UNIT 305.19 449418 05/02/2024 PRINTED AT&T MOBILITY 345.84 449419 05/02/2024 PRINTED AT&T MOBILITY 299.20 449420 05/02/2024 PRINTED AT&T 198.00 449421 05/02/2024 PRINTED AT&T 690.00 449422 05/02/2024 PRINTED TREASURE COAST COUNCIL OF LOCAL GOV 200.00 449423 05/02/2024 PRINTED FLORIDA POWER AND LIGHT 8,055.03 449424 05/02/2024 PRINTED JOHN BROWN & SONS INC 15,000.00 449425 05/02/2024 PRINTED BANK OF NEW YORK MELLON 2,925.00 449426 05/02/2024 PRINTED ST LUCIE COUNTY BOCC 239,349.18 449427 05/02/2024 PRINTED CELICO PARTNERSHIP 458.34 449428 05/02/2024 PRINTED CONSOLIDATED ELECTRIAL DIST INC 159.60 449429 05/02/2024 PRINTED FISHER & PHILLIPS LLP 1,311.50 449430 05/02/2024 PRINTED LOWES COMPANIES INC 36.37 449431 05/02/2024 PRINTED PATRIOT RESPONSE GROUP LLC 33,462.50 16 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449432 05/02/2024 PRINTED STRATEGIC GOVERNMENT RESOURCES INC 7,395.00 449433 05/02/2024 PRINTED WINSUPPLY COMMERCIAL CHARGE 62.36 449434 05/02/2024 PRINTED BEST CHOICE PROPERTIES 2 LLC 11,244.47 449435 05/02/2024 PRINTED RODRIGO & NANCY SALDANA 251.00 449436 05/02/2024 PRINTED KENWOOD VILLAGE HOA 14.82 449437 05/02/2024 PRINTED ST. JOHNS RIVER WATER MANAGEMENT DISTRICT 200.00 449438 05/02/2024 PRINTED VERO BEACH GOLDEN GRADS 500.00 449439 05/02/2024 PRINTED YOUTH FOR CHRIST INDIAN RIVER COUNTY 333.50 449440 05/02/2024 PRINTED DIVE RESCUE INTERNATIONAL INC 8,400.00 449441 05/02/2024 PRINTED FLORIDA WATER & POLLUTION CONTROL 385.00 449442 05/02/2024 PRINTED FLORIDA WATER & POLLUTION CONTROL 385.00 449443 05/02/2024 PRINTED COUNTY VETERAN SERVICE OFFICERS 250.00 449444 05/02/2024 PRINTED COUNTY VETERAN SERVICE OFFICERS 250.00 449445 05/02/2024 PRINTED COUNTY VETERAN SERVICE OFFICERS 250.00 449446 05/02/2024 PRINTED UNIVERSITY OF FLORIDA 325.00 449447 05/02/2024 PRINTED MICHAEL ZITO 332.88 449448 05/02/2024 PRINTED MICHAEL DEAKYNE 272.90 449449 05/02/2024 PRINTED GEOSYNTEC CONSULTANTS INC 16,604.89 449450 05/02/2024 PRINTED TLC DIVERSIFIED INC 334,529.12 449451 05/02/2024 PRINTED MBV ENGINEERING 9,771.00 449452 05/02/2024 PRINTED MASTELLER & MOLER INC 711.00 449453 05/02/2024 PRINTED COMANCO ENVIRONMENTAL CORPORATION 49,500.00 449454 05/02/2024 PRINTED KESSLER CONSULTING INC 15,995.00 449455 05/02/2024 PRINTED LAWRENCE LEE CONSTRUCTION SERVICES INC 30,400.00 449456 05/02/2024 PRINTED ACP FACILITY SERVICES 11,736.91 449457 05/02/2024 PRINTED INTERTECH CONSTRUCTION CORPORATION OF AMERICA INC 123,637.57 449458 05/02/2024 PRINTED ATKINS NORTH AMERICA INC 6,540.00 449459 05/02/2024 PRINTED PRINCE LAND INC 6,953.74 449460 05/02/2024 PRINTED CLOSE CONSTRUCTION SERVICES LLC 46,227.00 449461 05/02/2024 PRINTED PORT CONSOLIDATED 2,922.22 449462 05/02/2024 PRINTED COMMUNICATIONS INTERNATIONAL INC 254.28 449463 05/02/2024 PRINTED SOUTHERN SEWER EQUIPMENT SALES 1,716.24 449464 05/02/2024 PRINTED TEN -8 FIRE EQUIPMENT INC 2,681.63 449465 05/02/2024 PRINTED VERO CHEMICAL DISTRIBUTORS INC 503.90 449466 05/02/2024 PRINTED RICOH USA INC 341.77 449467 05/02/2024 PRINTED HENRY SCHEIN INC 1,744.00 449468 05/02/2024 PRINTED SAFETY PRODUCTS INC 1,242.19 449469 05/02/2024 PRINTED DATA FLOW SYSTEMS INC 4,438.81 449470 05/02/2024 PRINTED ABC PRINTING COMPANY 893.68 449471 05/02/2024 PRINTED E -Z BREW COFFEE & BOTTLE WATER SVC 48.00 449472 05/02/2024 PRINTED GRAINGER INC 332.54 449473 05/02/2024 PRINTED HACH CO 5,975.60 449474 05/02/2024 PRINTED MEEKS PLUMBING INC 125.00 449475 05/02/2024 PRINTED BOUND TREE MEDICAL LLC 774.72 449476 05/02/2024 PRINTED ELPEX 3,480.69 449477 05/02/2024 PRINTED AMERICAN WATER CHEMICALS INC 16,048.80 449478 05/02/2024 PRINTED ABCO GARAGE DOOR CO 2,657.00 449479 05/02/2024 PRINTED MIDWEST TAPE LLC 449.30 449480 05/02/2024 PRINTED NORTHERN SAFETY CO INC 159.85 449481 05/02/2024 PRINTED ODYSSEY MANUFACTURING CO 15,986.70 17 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449482 05/02/2024 PRINTED GALE/CENGAGE LEARNING 524.81 449483 05/02/2024 PRINTED COMMUNITY ASPHALT CORP 2,800.00 449484 05/02/2024 PRINTED PING INC 131.66 449485 05/02/2024 PRINTED INDIAN RIVER COUNTY 855.50 449486 05/02/2024 PRINTED CITY OF VERO BEACH 1,704.99 449487 05/02/2024 PRINTED APPLE MACHINE & SUPPLY CO 226.80 449488 05/02/2024 PRINTED HOME DEPOT CREDIT SERVICES 752.26 449489 05/02/2024 PRINTED FLORIDA DEPT OF TRANSPORTATION 11.68 449490 05/02/2024 PRINTED JANITORIAL DEPOT OF AMERICA INC 614.38 449491 05/02/2024 PRINTED PUBLIX PHARMACY#1374 157.75 449492 05/02/2024 PRINTED CLEVELAND GOLF/SRIXON 918.96 449493 05/02/2024 PRINTED ST JOHNS RIVER WATER MGMT DISTRICT 245.00 449494 05/02/2024 PRINTED FEDERAL EXPRESS 38.70 449495 05/02/2024 PRINTED CENTRAL AIR CONDITIONING & REFRIGERATION SUPPLY 363.12 449496 05/02/2024 PRINTED COMO OIL COMPANY OF FLORIDA 25.00 449497 05/02/2024 PRINTED CALLAWAY GOLF 11,250.00 449498 05/02/2024 PRINTED FLORIDA POWER AND LIGHT 165,060.69 449499 05/02/2024 PRINTED FLORIDA POWER AND LIGHT 1,141.79 449500 05/02/2024 PRINTED THOMAS S LOWTHER FUNERAL HOME CORP 750.00 449501 05/02/2024 PRINTED TAYLOR MADE GOLF CO INC 975.73 449502 05/02/2024 PRINTED GLOBAL GOLF SALES INC 1,923.05 449503 05/02/2024 PRINTED STRUNK FUNERAL HOMES & CREMATORY 750.00 449504 05/02/2024 PRINTED TREASURE COAST SPORTS COMMISSION 6,500.10 449505 05/02/2024 PRINTED NOTARY PUBLIC UNDERWRITERS INC 112.95 449506 05/02/2024 PRINTED GIFFORD COMMUNITY CENTER 4,159.88 449507 05/02/2024 PRINTED IRC HISTORICAL SOCIETY INC 1,533.15 449508 05/02/2024 PRINTED INDIAN RIVER COUNTY HOUSING AUTHORITY 525.00 449509 05/02/2024 PRINTED RECHTIEN INTERNATIONAL TRUCKS 241.45 449510 05/02/2024 PRINTED HULETT ENVIRONMENTAL SERVICES 163.00 449511 05/02/2024 PRINTED CINTAS CORPORATION #283 221.40 449512 05/02/2024 PRINTED FLORIDA DEPT OF JUVENILE JUSTICE 45,172.77 449513 05/02/2024 PRINTED POLYDYNE INC 3,933.00 449514 05/02/2024 PRINTED CONSOLIDATED ELECTRIAL DIST INC 525.72 449515 05/02/2024 PRINTED SUNCOAST REALTY & RENTAL MGMT LLC 540.00 449516 05/02/2024 PRINTED MICHAEL SCHUTT 1,000.00 449517 05/02/2024 PRINTED SIMS CRANE & EQUIPMENT CO 1,922.70 449518 05/02/2024 PRINTED SOUTHEAST SECURE SHREDDING 15.00 449519 05/02/2024 PRINTED HLP INC. 11,000.00 449520 05/02/2024 PRINTED NICOLACE MARKETING INC 2,118.80 449521 05/02/2024 PRINTED BENNETT FIRE PRODUCTS CO INC 331.92 449522 05/02/2024 PRINTED RANGE SERVANT AMERICA INC 1,219.00 449523 05/02/2024 PRINTED HALO 29.00 449524 05/02/2024 PRINTED BRENNTAG MID -SOUTH INC 17,734.14 449525 05/02/2024 PRINTED TORRES ELECTRICAL SUPPLY COMPANY INC 5,061.00 449526 05/02/2024 PRINTED OVERDRIVE INC 3,159.19 449527 05/02/2024 PRINTED WILD TURKEY ESTATES OF VERO LLC 3,718.26 449528 05/02/2024 PRINTED MUNICIPAL EMERGENCY SERVICES INC 2,288.50 449529 05/02/2024 PRINTED BURNETT LIME CO INC 4,301.60 449530 05/02/2024 PRINTED STS MAINTAIN SERVICES INC 34,326.38 449531 05/02/2024 PRINTED COBRA PUMA GOLF INC 423.70 18 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449532 05/02/2024 PRINTED HAWKINS INC 510.00 449533 05/02/2024 PRINTED HAWKINS INC 2,312.00 449534 05/02/2024 PRINTED CATHEDRAL CORPORATION 964.09 449535 05/02/2024 PRINTED SERVICE LIGHTING & ELECTRICAL SUPPLIES INC 75.62 449536 05/02/2024 PRINTED SITEONE LANDSCAPE SUPPLY LLC 3,089.39 449537 05/02/2024 PRINTED HYDROMAX USA LLC 2,859.00 449538 05/02/2024 PRINTED CDW GOVERNMENT 3,729.01 449539 05/02/2024 PRINTED MATHESON TRI -GAS INC 9,860.40 449540 05/02/2024 PRINTED COLE AUTO SUPPLY INC 437.11 449541 05/02/2024 PRINTED KONICA MINOLTA BUSINESS SOLUTIONS 903.71 449542 05/02/2024 PRINTED BETH NOLAN 426.00 449543 05/02/2024 PRINTED DAY DREAMS UNIFORMS INC 94.90 449544 05/02/2024 PRINTED JOSEPH ELLIOTT USA LLC 1,275.78 449545 05/02/2024 PRINTED ENVIRONMENTAL OPERATING SOLUTION INC 13,392.20 449546 05/02/2024 PRINTED CORE & MAIN LP 23,613.00 449547 05/02/2024 PRINTED WOERNER AGRIBUSINESS LLC 140.00 449548 05/02/2024 PRINTED DIRECTV GROUP INC 92.99 449549 05/02/2024 PRINTED AMAZON CAPITAL SERVICES INC 4,863.06 449550 05/02/2024 PRINTED ACCURATE DIVING BOARD SOLUTIONS LLC 3,001.00 449551 05/02/2024 PRINTED PACE ANYALYTICAL LLC 453.60 449552 05/02/2024 PRINTED AMERIGAS PROPANE LP 3,881.57 449553 05/02/2024 PRINTED JORDAN MOWERS 979.89 449554 05/02/2024 PRINTED CK CONTRACTORS & DEVELOPMENT LLC 38,277.03 449555 05/02/2024 PRINTED MULLINAX FORD OF VERO BEACH 225.28 449556 05/02/2024 PRINTED JUDITH A BURLEY 201.00 449557 05/02/2024 PRINTED KRONOS SAASHR INC 30,240.00 449558 05/02/2024 PRINTED KYOCERA DOCUMENT SOLUTIONS SOUTHEAST LLC 253.63 449559 05/02/2024 PRINTED JENNIFER D JAMES 100.00 449560 05/02/2024 PRINTED STAPLES INC 1,021.66 449561 05/02/2024 PRINTED LOWES COMPANIES INC 113.35 449562 05/02/2024 PRINTED LOWES COMPANIES INC 1,409.56 449563 05/02/2024 PRINTED MILLENNIUM CREMATORY LLC 750.00 449564 05/02/2024 PRINTED ENVIRONMENTAL PRODUCTS GROUP INC 3,534.31 449565 05/02/2024 PRINTED ROBERTA HUDSON 75.00 449566 05/02/2024 PRINTED THEODORE SEMI 100.00 449567 05/02/2024 PRINTED QUADMED INC 2,870.92 449568 05/02/2024 PRINTED J -MAC CLEANING SERVICES INC 433.33 449569 05/02/2024 PRINTED VERO COLLISION II LLC 661.68 449570 05/02/2024 PRINTED HIREQUEST LLC 2,704.00 449571 05/02/2024 PRINTED PETERBILT STORE SOUTH FLORIDA LLC 391.17 449572 05/02/2024 PRINTED PEDIATRIC EMERGENCY STANDARDS INC 7,444.50 449573 05/02/2024 PRINTED MARUBENI AMERICA CORPORATION 3,155.51 449574 05/02/2024 PRINTED SCOTT B MCKINLEY 25.00 449575 05/02/2024 PRINTED PIVOTAL UTILITY HOLDINGS INC 43.42 449576 05/02/2024 PRINTED SHRIEVE CHEMICAL CO LLC 8,173.37 449577 05/02/2024 PRINTED BAKER & TAYLOR 7,948.63 449578 05/02/2024 PRINTED TK ELEVATOR CORPORATION 594.00 449579 05/02/2024 PRINTED BROOKS HEATING & A/C LLC 12,250.00 449580 05/02/2024 PRINTED CRYSTAL MCANELLY DIVERS 135.00 449581 05/02/2024 PRINTED RONALD MARASCO SR 70.00 19 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449582 OS/02/2024 PRINTED JEFFERY HOGUES 3,350.00 449583 05/02/2024 PRINTED BRANDON CREAGAN 85.00 449584 05/02/2024 PRINTED TREASURE COAST SWIMMING 1,500.00 449585 05/02/2024 PRINTED PREMIER NURSERIES LLC 3,655.00 449586 05/02/2024 PRINTED XEROX CORPORATION 309.76 449587 05/02/2024 PRINTED DONNA W ROBERTS 60.00 449588 05/02/2024 PRINTED ACUANTIA INC 30,425.00 449589 05/02/2024 PRINTED JORDAN PARKER 100.00 449590 05/02/2024 PRINTED ALPHA GUNS AND AMMO LLC 475.00 449591 05/02/2024 PRINTED MIKEL KINNEY RUYLE 70.00 449592 05/02/2024 PRINTED JOHN DIGIACOMO 75.00 449593 05/02/2024 PRINTED FIRE-DEX GW LLC 1,733.11 449594 05/02/2024 PRINTED LF STAFFING SERVICES INC 206.91 449595 05/02/2024 PRINTED LF STAFFING SERVICES INC 316.20 449596 05/02/2024 PRINTED KATHERINE L NALL 48.00 449597 05/02/2024 PRINTED TYRELL MORGAN 75.00 449598 05/02/2024 PRINTED MARY LTOMARO 75.00 449599 05/02/2024 PRINTED CRAFTMASTER HARDWARE LLC 280.00 449600 05/02/2024 PRINTED VECELLIO GROUP INC 375.30 449601 05/02/2024 PRINTED PALMDALE INTERMEDIATE LLC 171.68 449602 05/02/2024 PRINTED GANNETT MEDIA CORP 940.90 449603 05/02/2024 PRINTED DENNIS FIEDLER 75.00 449604 05/02/2024 PRINTED ALFRED BENESCH & COMPANY 13,869.70 449605 05/02/2024 PRINTED SUPERIOR SWIM TIMING LLC 1,809.00 449606 05/02/2024 PRINTED MINT GREEN GROUP USA 376.98 449607 05/02/2024 PRINTED BRADY COMPANIES LLC 2,335.45 449608 05/02/2024 PRINTED ALL FLORIDA STRIPING INC 6,125.00 449609 05/02/2024 PRINTED DOF CREATIONS LLC 103,858.58 449610 05/02/2024 PRINTED J2K SOLUTIONS LLC 700.00 449611 05/02/2024 PRINTED CITY OF WINTER HAVEN 30.99 449612 05/02/2024 PRINTED CYNTHIA WOLD 75.00 903329 05/02/2024 PRINTED GRACES LANDING LTD 647.00 903330 05/02/2024 PRINTED PRESERVE AT OSLO 777.00 903331 05/02/2024 PRINTED FLORIDA POWER AND LIGHT 92.00 903332 05/02/2024 PRINTED INDIAN RIVER COUNTY HOUSING AUTHORITY 320.00 903333 05/02/2024 PRINTED LAZY JLLC 428.00 903334 05/02/2024 PRINTED COALITION FOR ATTAINABLE HOMES INC 691.00 903335 05/02/2024 PRINTED ORCHARD GROVE VENTURE LLC 5,265.00 903336 05/02/2024 PRINTED SREIT LEXINGTON CLUB LLC 2,729.00 903337 05/02/2024 PRINTED VERO BEACH LEASED HOUSING ASSOC III LLLP 298.00 903338 05/02/2024 PRINTED SREIT PEMBERLY PALMS LLC 4,621.00 903339 05/02/2024 PRINTED JACOURT LLC 3,202.00 903340 05/02/2024 PRINTED NONPROFIT HOUSING PRESERVATION LLC 661.00 903341 05/02/2024 PRINTED BREVARD COUNTY HOUSING AUTHORITY 3,072.52 903342 05/02/2024 PRINTED GRACES LANDING LTD 12,350.00 903343 05/02/2024 PRINTED BETTY DAVIS SCROGGS 665.00 903344 05/02/2024 PRINTED PRESERVE AT OSLO 8,532.00 903345 05/02/2024 PRINTED DAVID YORK 710.00 903346 05/02/2024 PRINTED ST FRANCIS MANOR OF VERO BEACH 1,599.00 903347 05/02/2024 PRINTED TREASURE COAST HOMELESS SERVICES COUNCIL 1,705.00 20 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 903348 05/02/2024 PRINTED FLORIDA POWER AND LIGHT 190.00 903349 05/02/2024 PRINTED INDIAN RIVER COUNTY HOUSING AUTHORITY 4,571.00 903350 05/02/2024 PRINTED INDIAN RIVER COUNTY HOUSING AUTHORITY 5,624.00 903351 05/02/2024 PRINTED THE PALMS AT VERO BEACH 28,030.00 903352 05/02/2024 PRINTED DAVID CONDON 980.00 903353 05/02/2024 PRINTED SUNCOAST REALTY & RENTAL MGMT LLC 720.00 903354 05/02/2024 PRINTED PAMELA R CUMMINGS 1,681.00 903355 05/02/2024 PRINTED ADINA GOLDMAN-WALKER 1,190.00 903356 05/02/2024 PRINTED HERITAGE VILLAS OF VERO BEACH 4,652.00 903357 05/02/2024 PRINTED LAZY JLLC 2,525.00 903358 05/02/2024 PRINTED SAID S MOOBARK 2,445.00 903359 05/02/2024 PRINTED OSCEOLA COUNTY 1,077.52 903360 05/02/2024 PRINTED YVONNE KOUTSOFIOS 300.00 903361 05/02/2024 PRINTED HOUSING AUTHORITY OF FULTON COUNTY 1,118.52 903362 05/02/2024 PRINTED BRIAN E GALLAGHER 705.00 903363 05/02/2024 PRINTED JOHN T STANLEY 1,482.00 903364 05/02/2024 PRINTED WEDGEWOOD RENTALS LLC 1,267.00 903365 05/02/2024 PRINTED COALITION FOR ATTAINABLE HOMES INC 1,115.00 903366 05/02/2024 PRINTED MYRIAM MELENDEZ 912.00 903367 05/02/2024 PRINTED WATSON REALTY GROUP 3,698.00 903368 05/02/2024 PRINTED 1135 17TH PL LLC 1,808.00 903369 05/02/2024 PRINTED SHEJI LLC 974.00 903370 05/02/2024 PRINTED ORCHARD GROVE VENTURE LLC 23,153.00 903371 05/02/2024 PRINTED SREIT LEXINGTON CLUB LLC 31,225.00 903372 05/02/2024 PRINTED VERO BEACH LEASED HOUSING ASSOC III LLLP 19,452.00 903373 05/02/2024 PRINTED B4 TC PROPERTIES LLC 943.00 903374 05/02/2024 PRINTED SREIT RIVER PARK PLACE LLC 15,901.00 903375 05/02/2024 PRINTED EZAS INVESTMENTS LLC 949.00 903376 05/02/2024 PRINTED SREIT PEMBERLY PALMS LLC 20,205.00 903377 05/02/2024 PRINTED SREIT SON RISE VILLAS LLC 6,769.00 903378 05/02/2024 PRINTED JACOURT LLC 4,860.00 903379 05/02/2024 PRINTED CHRISTINE HARVEY LAWRENCE 719.00 903380 05/02/2024 PRINTED CENTER LAKE PROPERTY MANAGEMENT LLC 1,319.00 903381 05/02/2024 PRINTED AMELIA VILLAGE LP 1,324.00 903382 05/02/2024 PRINTED NONPROFIT HOUSING PRESERVATION LLC 11,056.00 903383 05/02/2024 PRINTED AMAZON CAPITAL SERVICES INC 92.99 1021556 04/29/2024 ACI AT&T 1,645.17 1021557 04/29/2024 ACI OFFICE DEPOT 327.37 1021558 04/29/2024 ACI COMCAST 234.56 1021559 04/29/2024 ACI WASTE MANAGEMENT INC OF FLORIDA 454.12 1021560 05/02/2024 ACI INDIAN RIVER OXYGEN INC 140.50 1021561 05/02/2024 ACI GALLS LLC 2,859.93 1021562 05/02/2024 ACI IRRIGATION CONSULTANTS UNLIMITED INC 920.70 1021563 05/02/2024 ACI HILL MANUFACTURING 786.52 1021564 05/02/2024 ACI GROVE WELDERS INC 850.00 1021565 05/02/2024 ACI COMPLETE RESTAURANT EQUIPMENT LLC 525.00 1021566 05/02/2024 ACI DLT SOLUTIONS INC 537.40 1021567 05/02/2024 ACI HYDRA SERVICE (S) INC 37,928.00 1021568 05/02/2024 ACI UNIFIRST CORPORATION 1,318.17 1021569 05/02/2024 ACI RELIABLE SEPTIC & SERVICES 325.00 21 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME 1021570 05/02/2024 ACI CARLONINC AMOUNT 666.00 9,320,414.79 22 Ryan L. Butler Clerk of Circuit Court & Comptroller 1801 27th Street Vero Beach, FL 32960 Telephone: (772) 226-3100 TO: HONORABLE BOARD OF COUNTY COMMISSIONERS FROM: ELISSA NAGY, CHIEF DEPUTY COMPTROLLER THRU: RYAN L. BUTLER, COMPTROLLER DATE: May 9, 2024 SUBJECT: APPROVAL OF CHECKS AND ELECTRONIC PAYMENTS May 3, 2024 to May 9, 2024 FS 4�COUNP, wA v w 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 Division, for the time period of May 3, 2024 to May 9, 2024. 23 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 11656 05/03/2024 WIRE AMERICAN FAMILY LIFE ASSURANCE CO 12,102.26 11657 05/03/2024 WIRE VETERANS COUNCIL OF I R C 6,349.26 11658 05/03/2024 WIRE MUTUAL OF OMAHA 58,952.97 11659 05/03/2024 WIRE CER SIGNATURE CLEANING LLC 12,524.20 11660 05/03/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 1,292.63 11661 05/03/2024 WIRE AMERITAS 20,627.53 11662 05/03/2024 WIRE HALLEY ENGINEERING CONTRACTORS INC 340,188.02 11663 05/06/2024 WIRE FIDELITY SECURITY LIFE INSURANCE COMPANY 6,905.60 11664 05/06/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 75.00 11665 05/06/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 714.78 11666 05/06/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 457.16 11667 05/06/2024 WIRE AMERITAS 3,187.50 11668 05/06/2024 WIRE AMERITAS 251.25 11669 05/06/2024 WIRE AMERITAS 37.50 11670 05/06/2024 WIRE AMERITAS 251.25 11671 05/06/2024 WIRE AMERITAS 127.50 11672 05/06/2024 WIRE AMERITAS 63.75 11673 05/07/2024 WIRE OPTUMHEALTH FINANCIAL SERVICES 101,170.40 11674 05/07/2024 WIRE EDH HOLDINGS LLC 8,280.22 11675 05/07/2024 WIRE FIRST AMERICAN TITLE INSURANCE CO 65,000.00 11676 05/07/2024 WIRE FL RETIREMENT SYSTEM 1,321,401.05 11677 05/07/2024 WIRE RX BENEFITS INC 267,136.04 11678 05/07/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 238.49 11679 05/07/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 391.50 11680 05/08/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 722.61 11681 05/09/2024 WIRE VEROTOWN LLC 353,574.39 11682 05/09/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 1,103.26 449613 05/09/2024 PRINTED RICOH USA INC 80.52 449614 05/09/2024 PRINTED AT&T MOBILITY 129.69 449615 05/09/2024 PRINTED SCHULKE BITTLE & STODDARD LLC 150.00 449616 05/09/2024 PRINTED AT&T 1,302.08 449617 05/09/2024 PRINTED FLORIDA DEPT OF TRANSPORTATION 235,325.81 449618 05/09/2024 PRINTED STATE OF FLORIDA EMERGENCY MANAGEMENT 12,693.44 449619 05/09/2024 PRINTED FLORIDA POWER AND LIGHT 2,572.57 449620 05/09/2024 PRINTED HIGHLAND HOMES OF SEBASTIAN INC 13,100.00 449621 05/09/2024 PRINTED IRC HEALTHY START COALITION INC 843.60 449622 05/09/2024 PRINTED CELICO PARTNERSHIP 5,603.05 449623 05/09/2024 PRINTED LIBERTY MAGNET PTA 500.00 449624 05/09/2024 PRINTED LOWES COMPANIES INC 24.63 449625 05/09/2024 PRINTED WINSUPPLY COMMERCIAL CHARGE 114.42 449626 05/09/2024 PRINTED CHARMAINE OVERTON 150.00 449627 05/09/2024 PRINTED MARSHA PETERSON 250.00 449628 05/09/2024 PRINTED SYLVIA BISHOP 250.00 449629 05/09/2024 PRINTED ALICE B GROVE 41.82 449630 05/09/2024 PRINTED ALISON JEAN CERAR 28.63 449631 05/09/2024 PRINTED AMERON HOMES 13.88 449632 05/09/2024 PRINTED ANILU RAMIREZ 16.47 449633 05/09/2024 PRINTED ANISA CLINGENPEEL 43.22 449634 05/09/2024 PRINTED ANTHONY MCKEON 114.66 449635 05/09/2024 PRINTED BAF 3, LLC 43.32 449636 05/09/2024 PRINTED BARBARA KULLER 79.70 24 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449637 05/09/2024 PRINTED BRITTANY N SANDERS 76.90 449638 05/09/2024 PRINTED CHAVEZ SERRANO CRESENCIO 66.47 449639 05/09/2024 PRINTED CHRISTIAN DONALD 12.15 449640 05/09/2024 PRINTED DANIEL DAUM 91.30 449641 05/09/2024 PRINTED DANIEL GALLOWAY 70.91 449642 05/09/2024 PRINTED DARRELLHARTIN 85.69 449643 05/09/2024 PRINTED DEBRA LEVASSEUR-MILLER 89.50 449644 05/09/2024 PRINTED DI VOSTA HOMES L P 232.06 449645 05/09/2024 PRINTED DOHERTY FLORIDA VERO BEACH 283.49 449646 05/09/2024 PRINTED FRED ATTANASIO 114.17 449647 05/09/2024 PRINTED GULFSTREAM GOODWILL INDUSTRIES INC 92.88 449648 05/09/2024 PRINTED JAVIER MARTINEZ 16.47 449649 05/09/2024 PRINTED JESSICA LEE 14.94 449650 05/09/2024 PRINTED JOHN ADAMCHICK 23.92 449651 05/09/2024 PRINTED JOSE R COLON 16.79 449652 05/09/2024 PRINTED JOSEPH CARDELLI 37.49 449653 05/09/2024 PRINTED JUDITH INA ROSENBLATT 59.31 449654 05/09/2024 PRINTED JULIE L DENNING 41.66 449655 05/09/2024 PRINTED KARLA FAFEITA 66.79 449656 05/09/2024 PRINTED KOLIN AHLERSMEYR 12.49 449657 05/09/2024 PRINTED KRISTEN BARNES 37.15 449658 05/09/2024 PRINTED MANUEL NAVARRO 43.23 449659 05/09/2024 PRINTED MARIA LEON-VOGT 93.27 449660 05/09/2024 PRINTED MARK PORTER 64.22 449661 05/09/2024 PRINTED MICHAEL MOSZCZYNSKI 36.39 449662 05/09/2024 PRINTED NORRIS BISHOP ENTERPRISE, LLC 46.14 449663 05/09/2024 PRINTED NVR INC D/B/A RYAN HOMES 319.21 449664 05/09/2024 PRINTED PRP CONSTRUCTION GROUP LLC 471.55 449665 05/09/2024 PRINTED RANGER CONSTRUCTION INDUSTRIES INC 318.53 449666 05/09/2024 PRINTED REX HILL 142.39 449667 05/09/2024 PRINTED RICHARD SCHNEEBERG 75.10 449668 05/09/2024 PRINTED ROBERT DIXON 67.15 449669 05/09/2024 PRINTED ROBERT KNIBB 95.82 449670 05/09/2024 PRINTED RUSSELL KNISEL 41.64 449671 05/09/2024 PRINTED SANDRA FULTON ROSSI 28.44 449672 05/09/2024 PRINTED SCOT WILKE 66.20 449673 05/09/2024 PRINTED SOUTHSTATE BANK NA 43.86 449674 05/09/2024 PRINTED TOUSSAINT ELECTRIC 85.70 449675 05/09/2024 PRINTED US BANK TRUST NA 95.86 449676 05/09/2024 PRINTED COASTAL TECHNOLOGY CORPORATION 325.00 449677 05/09/2024 PRINTED MBV ENGINEERING 3,948.75 449678 05/09/2024 PRINTED JOBEAR CONTRACTING INC 60,678.76 449679 05/09/2024 PRINTED FLORIDA DESIGN DRILLING CORP 36,693.75 449680 05/09/2024 PRINTED ANDERSEN ANDRE CONSULTING ENGINEERS INC 3,041.00 449681 05/09/2024 PRINTED MARLIN ENGINEERING INC 3,497.45 449682 05/09/2024 PRINTED J -MAC CLEANING SERVICES INC 5,591.66 449683 05/09/2024 PRINTED WEX HEALTH INC 6,070.65 449684 05/09/2024 PRINTED EVERGREEN SOLUTIONS LLC 13,125.00 449685 05/09/2024 PRINTED OCR HOLDINGS INC & SUBSIDIARIES 2,019.20 449686 05/09/2024 PRINTED CLOSE CONSTRUCTION SERVICES LLC 63,650.00 449687 05/09/2024 PRINTED FLORIDA WATER & POLLUTION CONTROL 130.00 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449688 05/09/2024 PRINTED FLORIDA WATER & POLLUTION CONTROL 130.00 449689 05/09/2024 PRINTED KAREN RACKARD 38.52 449690 05/09/2024 PRINTED BRIAN FREEMAN 93.53 449691 05/09/2024 PRINTED FLORIDA STATE COLLEGE AT JACKSONVILLE 3,595.00 449692 05/09/2024 PRINTED JORDAN MONTEROSSO 2.49 449693 05/09/2024 PRINTED SANDRA HEBELER 70.00 449694 05/09/2024 PRINTED FL STATE HORTICULTURAL SOCIETY INC 340.00 449695 05/09/2024 PRINTED OMOLARA CAMPBELL 15.00 449696 05/09/2024 PRINTED ACCESS SAFETY COMPLIANCE TRAINING INC 175.00 449697 05/09/2024 PRINTED TERRENCE LEE 75.00 449698 05/09/2024 PRINTED STURGIS LUMBER & PYLWOOD CO 261.71 449699 05/09/2024 PRINTED SOUTHERN SEWER EQUIPMENT SALES 380.00 449700 05/09/2024 PRINTED VERO CHEMICAL DISTRIBUTORS INC 472.20 449701 05/09/2024 PRINTED SAFETY PRODUCTS INC 600.30 449702 05/09/2024 PRINTED DATA FLOW SYSTEMS INC 104.88 449703 05/09/2024 PRINTED GRAINGER INC 2,305.99 449704 05/09/2024 PRINTED SAFETY KLEEN SYSTEMS INC 283.75 449705 05/09/2024 PRINTED GRAYBAR ELECTRIC 1,327.03 449706 05/09/2024 PRINTED BENSONS LOCK SERVICE INC 150.00 449707 05/09/2024 PRINTED HACH CO 1,729.80 449708 05/09/2024 PRINTED CLIFF BERRY INC 510.85 449709 05/09/2024 PRINTED MEEKS PLUMBING INC 2,875.00 449710 05/09/2024 PRINTED BOUND TREE MEDICAL LLC 6,551.80 449711 05/09/2024 PRINTED BRISTER SIGNS INC 1,060.00 449712 05/09/2024 PRINTED ELPEX 14,122.89 449713 05/09/2024 PRINTED MIDWEST TAP E LLC 1,808.94 449714 05/09/2024 PRINTED ODYSSEY MANUFACTURING CO 29,928.95 449715 05/09/2024 PRINTED HUDSON PUMP & EQUIPMENT 50,847.00 449716 05/09/2024 PRINTED JIMMYS AIR & REFRIGERATION 122.00 449717 05/09/2024 PRINTED INDIAN RIVER COUNTY HEALTH DEPT 3,000.00 449718 05/09/2024 PRINTED CITY OF VERO BEACH 1,378.71 449719 05/09/2024 PRINTED INDIAN RIVER ALL FAB INC 2,510.80 449720 05/09/2024 PRINTED HOME DEPOT CREDIT SERVICES 1,493.78 449721 05/09/2024 PRINTED EBSCO INFORMATION SERVICES 72.73 449722 05/09/2024 PRINTED FLORIDA DEPT OF TRANSPORTATION 59.58 449723 05/09/2024 PRINTED JANITORIAL DEPOT OF AMERICA INC 162.29 449724 05/09/2024 PRINTED ENVIRONMENTAL LEARNING CENTER 6,341.58 449725 05/09/2024 PRINTED FEDERAL EXPRESS 75.19 449726 05/09/2024 PRINTED TIMOTHY ROSE CONTRACTING INC 1,040.00 449727 05/09/2024 PRINTED FLORIDA POWER AND LIGHT 43,718.92 449728 05/09/2024 PRINTED FLORIDA POWER AND LIGHT 50,908.13 449729 05/09/2024 PRINTED PEACE RIVER ELECTRIC COOPERATIVE INC 245.41 449730 05/09/2024 PRINTED COMPLETE ELECTRIC INC 8,500.00 449731 05/09/2024 PRINTED IRC HEALTHY START COALITION INC 19,330.95 449732 05/09/2024 PRINTED NOTARY PUBLIC UNDERWRITERS INC 112.95 449733 05/09/2024 PRINTED WESTSIDE REPROGRAPHICS INC 10.00 449734 05/09/2024 PRINTED CUES 1,580.11 449735 05/09/2024 PRINTED FIRESTONE COMPLETE AUTO CARE 2,513.09 449736 05/09/2024 PRINTED HULETT ENVIRONMENTAL SERVICES 130.00 449737 05/09/2024 PRINTED POLYDYNEINC 3,933.00 449738 05/09/2024 PRINTED BIG BROTHERS AND BIG SISTERS 8,482.81 26 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449739 05/09/2024 PRINTED ETR LLC 150.32 449740 05/09/2024 PRINTED GLOVER OIL COMPANY INC 169,883.76 449741 05/09/2024 PRINTED 1ST FIRE & SECURITY INC 812.00 449742 05/09/2024 PRINTED CONSOLIDATED ELECTRIAL DIST INC 1,180.11 449743 05/09/2024 PRINTED OAK RIVER PROPERTIES INC 2,100.00 449744 05/09/2024 PRINTED PAK MAIL 68.05 449745 05/09/2024 PRINTED CEMEX 752.64 449746 05/09/2024 PRINTED INDIAN RIVER SOCCER ASSOCIATION 8,000.00 449747 05/09/2024 PRINTED AFFORDABLE WATER & COFFEE SVC 371.76 449748 05/09/2024 PRINTED SOUTHEAST SECURE SHREDDING 222.80 449749 05/09/2024 PRINTED BENNETT FIRE PRODUCTS CO INC 3,150.00 449750 05/09/2024 PRINTED ATLANTIC COASTAL LAND TITLE CO LLC 380.00 449751 05/09/2024 PRINTED TORRES ELECTRICAL SUPPLY COMPANY INC 4,918.00 449752 05/09/2024 PRINTED OVERDRIVE INC 4,142.55 449753 05/09/2024 PRINTED ALAN JAY CHEV BUICK GMC CADILLAC 57,841.00 449754 05/09/2024 PRINTED WILD TURKEY ESTATES OF VERO LLC 3,566.64 449755 05/09/2024 PRINTED CARDINAL HEALTH 110, LLC 787.52 449756 05/09/2024 PRINTED MUNICIPAL EMERGENCY SERVICES INC 6,120.56 449757 05/09/2024 PRINTED LEARNING ALLIANCE 4,159.62 449758 05/09/2024 PRINTED BSN SPORTS INC 280.43 449759 05/09/2024 PRINTED STS MAINTAIN SERVICES INC 6,420.38 449760 05/09/2024 PRINTED MICHAEL EDWARD HAMILTON 325.00 449761 05/09/2024 PRINTED SYLVIA MILLER 1,626.00 449762 05/09/2024 PRINTED CATHEDRAL CORPORATION 1,337.13 449763 05/09/2024 PRINTED SOLAR SOLUTIONS WINDOW TINTING INC 125.00 449764 05/09/2024 PRINTED SITEONE LANDSCAPE SUPPLY LLC 140.68 449765 05/09/2024 PRINTED AWC INC 6,495.00 449766 05/09/2024 PRINTED WURTH USA INC 359.60 449767 05/09/2024 PRINTED EASTERN PIPELINE CONSTRUCTION INC 16,050.00 449768 05/09/2024 PRINTED ICON TECHNOLOGIES 12,350.29 449769 05/09/2024 PRINTED DEBBIE CARSON 125.00 449770 05/09/2024 PRINTED MATHESON TRI -GAS INC 10,707.00 449771 05/09/2024 PRINTED COLE AUTO SUPPLY INC 196.66 449772 05/09/2024 PRINTED BETH NOLAN 162.00 449773 05/09/2024 PRINTED DAY DREAMS UNIFORMS INC 140.00 449774 05/09/2024 PRINTED CORE & MAIN LP 64,867.42 449775 05/09/2024 PRINTED WOERNER AGRIBUSINESS LLC 292.00 449776 05/09/2024 PRINTED AMAZON CAPITAL SERVICES INC 8,484.05 449777 05/09/2024 PRINTED PACE ANYALYTICAL LLC 10,529.80 449778 05/09/2024 PRINTED METROPOLITAN COMMUNICATION SERVICES INC 412.50 449779 05/09/2024 PRINTED JORDAN MOWERS 489.88 449780 05/09/2024 PRINTED CK CONTRACTORS & DEVELOPMENT LLC 242,536.02 449781 05/09/2024 PRINTED DERECK R PRINCE 120.00 449782 05/09/2024 PRINTED MULLINAX FORD OF VERO BEACH 183.25 449783 05/09/2024 PRINTED JUDITH A BURLEY 406.00 449784 05/09/2024 PRINTED SOUTH CENTRAL PLANNING & DEVELOPMENT COMMISSION 4,813.33 449785 05/09/2024 PRINTED JENNIFER D JAMES 255.00 449786 05/09/2024 PRINTED CBIZ OPERATIONS INC 2,500.00 449787 05/09/2024 PRINTED FERGUSON US HOLDINGS INC 1,725.32 449788 05/09/2024 PRINTED BLUE GOOSE CONSTRUCTION LLC 751.75 449789 05/09/2024 PRINTED STAPLES INC 313.28 27 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449790 05/09/2024 PRINTED LOWES COMPANIES INC 8,006.67 449791 05/09/2024 PRINTED SMI TRADING LLC 40.00 449792 05/09/2024 PRINTED GOOD SPORTSMAN MARKETING LLC 1,895.13 449793 05/09/2024 PRINTED DUSTIN SULLIVAN 125.00 449794 05/09/2024 PRINTED CONTROL TECHNOLOGIES INC 457.70 449795 05/09/2024 PRINTED ROBERTA HUDSON 75.00 449796 05/09/2024 PRINTED THEODORE SEMI 345.00 449797 05/09/2024 PRINTED WITTENBACH BUSINESS SYSTEMS LLC 282.68 449798 05/09/2024 PRINTED ESO SOLUTIONS INC 991.14 449799 05/09/2024 PRINTED WIPEOUT SERVICES LLC 175.00 449800 05/09/2024 PRINTED BRITTON INDUSTRIES INC 40.00 449801 05/09/2024 PRINTED HIREQUEST LLC 2,704.00 449802 05/09/2024 PRINTED TAKING GROUND LAWN & LANDSCAPE INC 4,575.00 449803 05/09/2024 PRINTED CER SIGNATURE CLEANING LLC 2,900.00 449804 05/09/2024 PRINTED CLEAN SPACE INC 607.00 449805 05/09/2024 PRINTED TROPIC OIL COMPANY LLC 2,895.83 449806 05/09/2024 PRINTED SCOTT B MCKINLEY 125.00 449807 05/09/2024 PRINTED SANDHILL ENVIRONMENTAL SERVICES LLC 4,515.84 449808 05/09/2024 PRINTED SHRIEVE CHEMICAL CO LLC 4,004.90 449809 05/09/2024 PRINTED BAKER & TAYLOR 4,627.45 449810 05/09/2024 PRINTED CRYSTAL MCANELLY DIVERS 35.00 449811 05/09/2024 PRINTED OUTLAW MARITIME LLC 31,000.00 449812 05/09/2024 PRINTED SEVEN ISLES CAPITAL 1,468.00 449813 05/09/2024 PRINTED VERO BEACH GOLF CARS LLC 295.61 449814 05/09/2024 PRINTED RONALD MARASCO SR 270.00 449815 05/09/2024 PRINTED BRIGHTVIEW LANDSCAPE SERVICES INC 4,786.75 449816 05/09/2024 PRINTED KERNER LLC 4,006.00 449817 05/09/2024 PRINTED GULF MATERIALS SALES LLC 6,780.00 449818 05/09/2024 PRINTED RUBEN ZAMARRIPA 720.00 449819 05/09/2024 PRINTED ISO CLAIMS SERVICES INC 783.70 449820 05/09/2024 PRINTED AIRVAC INC 396.14 449821 05/09/2024 PRINTED PRINTFLY CORPORATION 30.00 449822 05/09/2024 PRINTED JORDAN PARKER 175.00 449823 05/09/2024 PRINTED ARTHUR J GALLAGHER & CO 1,906,973.04 449824 05/09/2024 PRINTED MIKEL KINNEY RUYLE 50.00 449825 05/09/2024 PRINTED FL ROADWAY GUARDRAIL & SIGNS INC 3,100.00 449826 05/09/2024 PRINTED JOHN DIGIACOMO 100.00 449827 05/09/2024 PRINTED TECHSMITH CORPORATION 53.99 449828 05/09/2024 PRINTED BATES AIR & HEAT LLC 619.81 449829 05/09/2024 PRINTED LF STAFFING SERVICES INC 4,639.83 449830 05/09/2024 PRINTED KMAC CONSULTING SERVICES LLC 600.00 449831 05/09/2024 PRINTED ARAMSCO, INC. 13,981.00 449832 05/09/2024 PRINTED KATHERINE L NALL 118.00 449833 05/09/2024 PRINTED H2O INNOVATION USA INC 714.34 449834 05/09/2024 PRINTED C&S CHEMICALS INC 4,473.00 449835 05/09/2024 PRINTED EMS TECHNOLOGY SOLUTIONS LLC 4,000.00 449836 05/09/2024 PRINTED TYRELL MORGAN 50.00 449837 05/09/2024 PRINTED AEQUALIS SOCII PLLC 757.50 449838 05/09/2024 PRINTED HASTY AWARDS 43.00 449839 05/09/2024 PRINTED VECELLIO GROUP INC 641.70 449840 05/09/2024 PRINTED PALMDALE INTERMEDIATE LLC 300.03 28 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449841 05/09/2024 PRINTED STEWART & STEVENSON LLC 3,280.00 449842 05/09/2024 PRINTED JOSEPH SAVIAK 324.25 449843 05/09/2024 PRINTED PALMDALE INTERMEDIATE LLC 160.00 449844 05/09/2024 PRINTED JUNIOR ACHIEVEMENT OF THE PALM BEACHES 5,003.57 449845 05/09/2024 PRINTED DAVID D SIMPSON 400.00 449846 05/09/2024 PRINTED RAY POWERS 22.50 449847 05/09/2024 PRINTED GAVIN RYAN MUSSO 150.00 449848 05/09/2024 PRINTED BRADY COMPANIES LLC 2,830.91 449849 05/09/2024 PRINTED POOLWEB LLC 22,434.60 449850 05/09/2024 PRINTED DAVIES CLAIMS NORTH AMERICA INC 62,688.00 449851 05/09/2024 PRINTED MAllELLA LIFTING TECHNOLOGIES INC 1,056.25 449852 05/09/2024 PRINTED CYNTHIA WOLD 50.00 1021571 05/06/2024 ACI AT&T 4,760.75 1021572 05/06/2024 ACI OFFICE DEPOT 1,138.35 1021573 05/06/2024 ACI COMCAST 652.50 1021574 05/06/2024 ACI WASTE MANAGEMENT INC OF FLORIDA 894.55 1021575 05/09/2024 ACI PARKS RENTAL & SALES INC 501.96 1021576 05/09/2024 ACI INDIAN RIVER OXYGEN INC 5,471.80 1021577 05/09/2024 ACI RING POWER CORPORATION 17,585.30 1021578 05/09/2024 ACI DEMCO INC 61.32 1021579 05/09/2024 ACI MIKES GARAGE & WRECKER SERVICE INC 85.00 1021580 05/09/2024 ACI DAVES SPORTING GOODS & TROPHIES 333.60 1021581 05/09/2024 ACI WATER SAFETY PRODUCTS INC 2,797.20 1021582 05/09/2024 ACI IRRIGATION CONSULTANTS UNLIMITED INC 260.46 1021583 OS/09/2024 ACI SOUTHERN COMPUTER WAREHOUSE 424.59 1021584 05/09/2024 ACI 41MPRINT INC 2,380.89 1021585 05/09/2024 ACI MINUTEMAN PRESS 81.09 1021586 05/09/2024 ACI HYDRA SERVICE (S) INC 5,090.64 1021587 05/09/2024 ACI UNIFIRST CORPORATION 1,900.66 1021588 05/09/2024 ACI NEXAIR LLC 63.09 1021589 05/09/2024 ACI EVERGLADES EQUIPMENT GROUP 2,598.91 1021590 05/09/2024 ACI CARLON INC 750.00 1021591 05/09/2024 ACI FIRST HOSPITAL LABORATORIES INC 332.00 1021592 05/09/2024 ACI CUMMINS INC 2,689.79 1021593 05/09/2024 ACI WASTE MANAGEMENT INC OF FLORIDA 571.05 6,179,926.20 29 Ryan L. Butler Clerk of Circuit Court & Comptroller 1801 27th Street Vero Beach, FL 32960 Telephone: (772) 226-3100 TO: HONORABLE BOARD OF COUNTY COMMISSIONERS FROM: ELISSA NAGY, CHIEF DEPUTY COMPTROLLER THRU: RYAN L. BUTLER, COMPTROLLER DATE: May 16, 2024 SUBJECT: APPROVAL OF CHECKS AND ELECTRONIC PAYMENTS May 10, 2024 to May 16, 2024 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 Division, for the time period of May 10, 2024 to May 16, 2024. 30 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 11683 05/10/2024 WIRE KIMLEY HORN & ASSOC INC 104,203.00 11684 05/10/2024 WIRE FL SDU 2,929.96 11685 05/10/2024 WIRE FLORIDA DEPARTMENT OF REVENUE 2,027.43 11686 05/10/2024 WIRE FLORIDA DEPARTMENT OF REVENUE 2,685.05 11687 05/10/2024 WIRE FLORIDA DEPARTMENT OF REVENUE 45,639.94 11688 05/10/2024 WIRE FLORIDA DEPARTMENT OF REVENUE 2,876.24 11689 05/10/2024 WIRE IRC FIRE FIGHTERS ASSOC 11,283.42 11690 05/10/2024 WIRE IRS -PAYROLL TAXES 613,206.54 11691 05/10/2024 WIRE VEROTOWN LLC 15,000.00 11692 05/10/2024 WIRE VEROTOWN LLC 70,389.32 11693 05/10/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 1,297.57 11694 05/10/2024 WIRE EDH HOLDINGS LLC 4,142.64 11695 05/13/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 319.19 11696 05/13/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 260.94 11697 05/13/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 1,295.79 11698 05/13/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 673.50 11699 05/13/2024 WIRE KIMLEY HORN & ASSOC INC 32,470.00 11700 05/13/2024 WIRE LINCOLN RETIREMENT 98,741.19 11701 05/14/2024 WIRE BENEFLEX INC 882.50 11702 05/14/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 15.01 11703 05/15/2024 WIRE PUBLIC DEFENDER 5,300.13 11704 05/15/2024 WIRE VETERANS COUNCIL OF I R C 6,186.70 11705 05/15/2024 WIRE VEROTOWN LLC 15,000.00 11706 05/15/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 1,944.22 11707 05/16/2024 WIRE P&A ADMINISTRATIVE SERVICES INC 1,492.94 449853 05/10/2024 PRINTED CALIFORNIA STATE DISBURSEMENT UNIT 305.19 449854 05/14/2024 PRINTED PORT CONSOLIDATED 1,392.85 449855 05/14/2024 PRINTED CLEVELAND GOLF/SRIXON 455.00 449856 05/14/2024 PRINTED ACUSHNET COMPANY 5,079.82 449857 05/14/2024 PRINTED CALLAWAY GOLF 202.32 449858 05/14/2024 PRINTED FLORIDA STATE GOLF ASSOCIATION 158.00 449859 05/14/2024 PRINTED VISTA OUTDOOR SALES LLC 2,636.56 449860 05/14/2024 PRINTED AMAZON CAPITAL SERVICES INC 88.85 449861 05/14/2024 PRINTED SCALESGEAR.COM LLC 389.88 449862 05/14/2024 PRINTED MARIA MENDEZ 180.00 449863 05/16/2024 PRINTED AT&T MOBILITY 880.81 449864 05/16/2024 PRINTED AT&T MOBILITY 747.93 449865 05/16/2024 PRINTED AT&T MOBILITY 157.36 449866 05/16/2024 PRINTED CLERK OF CIRCUIT COURT 368.20 449867 05/16/2024 PRINTED MATTHEW BENDER & CO INC 129.00 449868 05/16/2024 PRINTED CENTRAL AIR CONDITIONING & REFRIGERATION SUPPLY 350.00 449869 05/16/2024 PRINTED FLORIDA POWER AND LIGHT 1,461.02 449870 05/16/2024 PRINTED FLORIDA POWER AND LIGHT ASSIST 3,351.43 449871 05/16/2024 PRINTED STATE ATTORNEY 19TH JUDICIAL CIRCUIT 16,104.14 449872 05/16/2024 PRINTED SUNSHINE STATE ONE CALL OF FL INC 2,232.93 449873 05/16/2024 PRINTED IRC HEALTHY START COALITION INC 60.00 449874 05/16/2024 PRINTED CELICO PARTNERSHIP 4,062.07 449875 05/16/2024 PRINTED ADAMS HOMES OF NORTHWEST FLA 226.56 449876 05/16/2024 PRINTED JUDITH A BURLEY 263.00 449877 05/16/2024 PRINTED CLEAN SPACE INC 15,995.96 449878 05/16/2024 PRINTED AAA QUALITY FENCE 75.00 449879 05/16/2024 PRINTED CALEB TURNBAUGH 120.00 449880 05/16/2024 PRINTED DOREEN CRUZ 184.63 31 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449881 05/16/2024 PRINTED UNDER THE SUN PROMOTIONS 500.00 449882 05/16/2024 PRINTED VERO BEACH HIGH SCHOOL 450.00 449883 05/16/2024 PRINTED CHRISTOPHER HJALMEBY 46.62 449884 05/16/2024 PRINTED COLE BULL 100.29 449885 05/16/2024 PRINTED DOUGLAS COOPER 55.01 449886 05/16/2024 PRINTED GERALDINE MAHON 70.79 449887 05/16/2024 PRINTED JEFFREY BLAGA 78.38 449888 05/16/2024 PRINTED KC CAPITAL HOLDING 65.54 449889 05/16/2024 PRINTED MARIE F. MANZO 29.86 449890 05/16/2024 PRINTED SAMUEL NOYES 39.88 449891 05/16/2024 PRINTED ADAM ROSENBLATT 100.00 449892 05/16/2024 PRINTED BARBARA GARY 59.92 449893 05/16/2024 PRINTED CARMEN E HUERTA 53.60 449894 05/16/2024 PRINTED CECILIA HOWE 78.66 449895 05/16/2024 PRINTED CHJRISTOPHER LEONETTI 100.00 449896 05/16/2024 PRINTED D R HORTON INC 489.06 449897 05/16/2024 PRINTED DI VOSTA HOMES L P 226.86 449898 05/16/2024 PRINTED DONOVAN CAMAROTTI 70.05 449899 05/16/2024 PRINTED DORIAN GUINDON 38.75 449900 05/16/2024 PRINTED EARL KENISTON JR 85.98 449901 05/16/2024 PRINTED FURNITURE FLIPZ LLC 22.36 449902 05/16/2024 PRINTED GRBK GHO HIGH POINTE LLC 225.10 449903 05/16/2024 PRINTED GRBK GHO PROPERTIES LLC 152.48 449904 05/16/2024 PRINTED HANH DINH 86.49 449905 05/16/2024 PRINTED HDZ HOMES LLC 3.74 449906 05/16/2024 PRINTED JACQUELINE YEAKEL 67.72 449907 05/16/2024 PRINTED JAMIE DEJORDY 91.20 449908 05/16/2024 PRINTED JOHN PENNINGTON 59.35 449909 05/16/2024 PRINTED LIFE STYLE HOMES BUILDERS, INC 72.65 449910 05/16/2024 PRINTED LYNNE M BRENNEN TRS 13.33 449911 05/16/2024 PRINTED MARONDA HOMES 136.30 449912 05/16/2024 PRINTED NANCY GEISEL 64.99 449913 05/16/2024 PRINTED PEGGY DUNN 90.07 449914 05/16/2024 PRINTED RANDOLPH GRANT 120.26 449915 05/16/2024 PRINTED REBECCA LILIAN BERRY 37.90 449916 05/16/2024 PRINTED REINALD MARISCAL 30.10 449917 05/16/2024 PRINTED RYAN DAHLGREN 75.46 449918 05/16/2024 PRINTED SHANNON L BARNES 74.18 449919 05/16/2024 PRINTED SHERRY YATTAW 65.06 449920 05/16/2024 PRINTED SINDY MIRANDA 54.34 449921 05/16/2024 PRINTED STEPHEN KISH 83.82 449922 05/16/2024 PRINTED STEVEN KALBAUGH 38.06 449923 05/16/2024 PRINTED THERESA V RAYMONDA 2.56 449924 05/16/2024 PRINTED VERONICA MARTINEZ ANGELES 58.99 449925 05/16/2024 PRINTED WILLIAM SMITH 76.29 449926 05/16/2024 PRINTED WILMER CASTELLANOS 16.47 449927 05/16/2024 PRINTED YAHAIRA RAMOS 33.01 449928 05/16/2024 PRINTED ALECIA LOCKE 64.57 449929 05/16/2024 PRINTED AOT FAMILY LIMITED PARTNERSHIP 77.63 449930 05/16/2024 PRINTED ASHLEE RANDLE 37.97 449931 05/16/2024 PRINTED AUSTIN HUNT 39.08 449932 05/16/2024 PRINTED BENICA GENEUS JEAN 29.10 449933 05/16/2024 PRINTED BETTY WILKES 88.58 32 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449934 05/16/2024 PRINTED CAROLE CLOUD 54.87 449935 05/16/2024 PRINTED CHRISTOPHER FRANK VITUCCI 46.21 449936 05/16/2024 PRINTED CINDI MURPHY 28.80 449937 05/16/2024 PRINTED CODY FRONDUTO 2.21 449938 05/16/2024 PRINTED DANIEL HEREDIA PEREZ 14.63 449939 05/16/2024 PRINTED DANIELLE LOUCKS 73.63 449940 05/16/2024 PRINTED DINH HUNG TRAN LAM 35.32 449941 05/16/2024 PRINTED GERALDINE HUNT 57.74 449942 05/16/2024 PRINTED GRBK GHO HIGH POINTE LLC 61.89 449943 05/16/2024 PRINTED HALEIGH SHORT 36.26 449944 05/16/2024 PRINTED JAIME VELEZ 65.48 449945 05/16/2024 PRINTED JASON SIEGEL 16.03 449946 05/16/2024 PRINTED JEAN-PIERRE BELISLE 79.22 449947 05/16/2024 PRINTED JOHN TATE 47.45 449948 05/16/2024 PRINTED JOYCE MARTINEZ 37.77 449949 05/16/2024 PRINTED KELSEY HOOKER 64.71 449950 05/16/2024 PRINTED KENNETH OTTEN 83.38 449951 05/16/2024 PRINTED LAURATROMBLY 103.32 449952 05/16/2024 PRINTED LIZZIE PRIMUS 19.44 449953 05/16/2024 PRINTED MARIA ALVARADO ROMERO 30.72 449954 05/16/2024 PRINTED MARTIN SPENCE 75.57 449955 05/16/2024 PRINTED MARY NEWTON 22.58 449956 05/16/2024 PRINTED MEG-LENN DOWLING 35.50 449957 05/16/2024 PRINTED MELISSA RAMAGE 31.32 449958 05/16/2024 PRINTED MICHAEL ABDUL 52.85 449959 05/16/2024 PRINTED MICHAEL LEGG 61.89 449960 05/16/2024 PRINTED MICHAEL WILLIAMS 46.84 449961 05/16/2024 PRINTED MJT HOLDINGS INC 53.92 449962 05/16/2024 PRINTED PHILLIP L CRIDER 74.85 449963 05/16/2024 PRINTED RAMONA DINEEN 37.25 449964 05/16/2024 PRINTED RANDALL D JACOBS 30.28 449965 05/16/2024 PRINTED RICHARD J DIGIACOMO SR 42.03 449966 05/16/2024 PRINTED ROBERT CHANNELL 74.95 449967 05/16/2024 PRINTED STEVEN WRIGHT 80.22 449968 05/16/2024 PRINTED SUNITA HEBERT 39.26 449969 05/16/2024 PRINTED SUSAN E BROOKS 11.19 449970 05/16/2024 PRINTED TAMMY TROJANOWSKI 90.34 449971 05/16/2024 PRINTED VICKI BOWMAN 84.10 449972 05/16/2024 PRINTED COMMUNICATIONS INTERNATIONAL INC 31,879.52 449973 05/16/2024 PRINTED CARTER ASSOCIATES INC 35,548.26 449974 05/16/2024 PRINTED INTERNATIONAL GOLF MAINTENANCE INC 118,688.17 449975 05/16/2024 PRINTED ARCADIS U S INC 2,000.50 449976 05/16/2024 PRINTED MASTELLER & MOLER INC 2,526.25 449977 05/16/2024 PRINTED DIVOSTA HOMES LP 997,854.36 449978 05/16/2024 PRINTED COMANCO ENVIRONMENTAL CORPORATION 77,321.25 449979 05/16/2024 PRINTED SOUTHERN MANAGEMENT LLC 1,038.50 449980 05/16/2024 PRINTED ECOLOGICAL ASSOCIATES INC 13,847.85 449981 05/16/2024 PRINTED ANFIELD CONSULTING GROUP 10,000.00 449982 05/16/2024 PRINTED ANDERSEN ANDRE CONSULTING ENGINEERS INC 4,611.00 449983 05/16/2024 PRINTED BOWMAN CONSULTING GROUP LTD 7,635.00 449984 05/16/2024 PRINTED J-MAC CLEANING SERVICES INC 5,591.66 449985 05/16/2024 PRINTED INDIAN RIVER SUSTAINABILITY CENTER LLC 78,084.00 449986 05/16/2024 PRINTED COMMANDLINK LLC 3,476.26 33 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 449987 05/16/2024 PRINTED SPIEZLE ARCHITECTURAL GROUP INC 700.00 449988 05/16/2024 PRINTED WEX HEALTH INC 10,403.70 449989 05/16/2024 PRINTED KATE PRIEST LCSW LLC 5,000.00 449990 05/16/2024 PRINTED S&ME INC 10,514.94 449991 05/16/2024 PRINTED GRSC INC 74,483.20 449992 05/16/2024 PRINTED SUSAN ADAMS 233.52 449993 05/16/2024 PRINTED LINDA CAGGIANO 259.41 449994 05/16/2024 PRINTED ELISE KRISS 16.20 449995 05/16/2024 PRINTED MARK VIETZE 28.42 449996 05/16/2024 PRINTED FIRE CHIEFS ASSOCIATION OF BROWARD COUNTY 1,275.00 449997 05/16/2024 PRINTED KEVIN ADAMS 15.00 449998 05/16/2024 PRINTED PORT CONSOLIDATED 2,869.58 449999 05/16/2024 PRINTED COMMUNICATIONS INTERNATIONAL INC 167.89 450000 05/16/2024 PRINTED VERO CHEMICAL DISTRIBUTORS INC 815.90 450001 05/16/2024 PRINTED RICOH USA INC 43.69 450002 05/16/2024 PRINTED HENRY SCHEIN INC 1,831.20 450003 05/16/2024 PRINTED ABC PRINTING COMPANY 313.50 450004 05/16/2024 PRINTED PARALEE COMPANY INC 684.41 450005 05/16/2024 PRINTED INDIAN RIVER BATTERY 165.80 450006 05/16/2024 PRINTED GRAINGER INC 2,504.63 450007 05/16/2024 PRINTED APPLE INDUSTRIAL SUPPLY CO 164.39 450008 05/16/2024 PRINTED BENSONS LOCK SERVICE INC 360.00 450009 05/16/2024 PRINTED HACH CO 7,877.07 450010 05/16/2024 PRINTED CLIFF BERRY INC 184.80 450011 05/16/2024 PRINTED MEEKS PLUMBING INC 6,512.50 450012 05/16/2024 PRINTED BOUND TREE MEDICAL LLC 2,130.48 450013 05/16/2024 PRINTED ELPEX 354.42 450014 05/16/2024 PRINTED ABCO GARAGE DOOR CO 264.50 450015 05/16/2024 PRINTED DELL MARKETING LP 2,095.00 450016 05/16/2024 PRINTED BARNEYS PUMP INC 65,549.00 450017 05/16/2024 PRINTED MIDWEST TAPE LLC 7,320.85 450018 05/16/2024 PRINTED MID -STATE MECHANICAL OF VERO BEACH INC 4,000.00 450019 05/16/2024 PRINTED ODYSSEY MANUFACTURING CO 23,467.00 450020 05/16/2024 PRINTED HUDSON PUMP & EQUIPMENT 4,009.24 450021 05/16/2024 PRINTED GALE/CENGAGE LEARNING 690.72 450022 05/16/2024 PRINTED SHI INTERNATIONAL CORP 3,573.72 450023 05/16/2024 PRINTED PRESERVE AT OSLO 650.00 450024 05/16/2024 PRINTED CLERK OF CIRCUIT COURT 69.50 450025 05/16/2024 PRINTED INDIAN RIVER COUNTY HEALTH DEPT 150.00 450026 05/16/2024 PRINTED CITY OF VERO BEACH 4,762.84 450027 05/16/2024 PRINTED INDIAN RIVER ALL FAB INC 430.00 450028 05/16/2024 PRINTED HOME DEPOT CREDIT SERVICES 353.61 450029 05/16/2024 PRINTED PUBLIX PHARMACY #0240 166.10 450030 05/16/2024 PRINTED PUBLIX PHARMACY #1150 57.69 450031 05/16/2024 PRINTED FLORIDA DEPT OF AGRICULTURE AND 302.00 450032 05/16/2024 PRINTED ACUSHNET COMPANY 3,627.88 450033 05/16/2024 PRINTED THOMSON REUTERS - WEST 611.96 450034 05/16/2024 PRINTED CENTRAL AIR CONDITIONING & REFRIGERATION SUPPLY 140.46 450035 05/16/2024 PRINTED CALLAWAY GOLF 2.68 450036 05/16/2024 PRINTED FLORIDA POWER AND LIGHT 59,034.81 450037 05/16/2024 PRINTED FLORIDA POWER AND LIGHT 4,032.13 450038 05/16/2024 PRINTED THOMAS 5 LOWTHER FUNERAL HOME CORP 1,500.00 450039 05/16/2024 PRINTED CITY OF FELLSMERE 955.57 34 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 450040 05/16/2024 PRINTED US KIDS GOLF LLC 260.12 450041 05/16/2024 PRINTED LANGUAGE LINE SOLUTIONS 188.79 450042 05/16/2024 PRINTED COMPLETE ELECTRIC INC 250.00 450043 05/16/2024 PRINTED CUES 4,427.16 450044 05/16/2024 PRINTED FLORIDA DEPT OF BUSINESS & PROF 1,125.00 450045 05/16/2024 PRINTED KIMBALL MIDWEST 1,120.06 450046 05/16/2024 PRINTED TRANE U S INC 1,940.00 450047 05/16/2024 PRINTED HULETT ENVIRONMENTAL SERVICES 498.00 450048 05/16/2024 PRINTED CELICO PARTNERSHIP 86.50 450049 05/16/2024 PRINTED CINTAS CORPORATION 221.40 450050 05/16/2024 PRINTED SOUTHERN LOCK AND SUPPLY 1,459.34 450051 05/16/2024 PRINTED FLORIDA FLOODPLAIN MANAGERS ASSOC 140.00 450052 05/16/2024 PRINTED FLORIDA FLOODPLAIN MANAGERS ASSOC 140.00 450053 05/16/2024 PRINTED FLORIDA FLOODPLAIN MANAGERS ASSOC 140.00 450054 05/16/2024 PRINTED FASTENAL COMPANY 334.69 450055 05/16/2024 PRINTED JACKS COMPLETE TREE SERVICE INC 2,300.00 450056 05/16/2024 PRINTED 1ST FIRE & SECURITY INC 196.00 450057 05/16/2024 PRINTED CONSOLIDATED ELECTRIAL DIST INC 1,214.69 450058 05/16/2024 PRINTED PETER J CASSARA 1,150.00 450059 05/16/2024 PRINTED INDIAN RIVER SOCCER ASSOCIATION 18,605.00 450060 05/16/2024 PRINTED MAMIE EDMOND 350.00 450061 05/16/2024 PRINTED SOUTHEAST SECURE SHREDDING 141.00 450062 05/16/2024 PRINTED TREASURE COAST FOOD BANK INC 450.44 450063 05/16/2024 PRINTED NICOLACE MARKETING INC 5,206.00 450064 05/16/2024 PRINTED BRENNTAG MID -SOUTH INC 8,900.50 450065 05/16/2024 PRINTED STAT MEDICAL DISPOSAL INC 205.00 450066 05/16/2024 PRINTED OSCEOLA COUNTY LIBRARY SYSTEMS 15.99 450067 05/16/2024 PRINTED OVERDRIVE INC 2,201.06 450068 05/16/2024 PRINTED VERO BEACH INVESTMENTS LLC 597.00 450069 05/16/2024 PRINTED MHC OPERATING LIMITED PARTNERSHIP 545.00 450070 05/16/2024 PRINTED ALAN JAY CHEV BUICK GMC CADILLAC 72,289.00 450071 05/16/2024 PRINTED WILD TURKEY ESTATES OF VERO LLC 947.10 450072 05/16/2024 PRINTED MUNICIPAL EMERGENCY SERVICES INC 1,459.85 450073 05/16/2024 PRINTED CARROT TOP INDUSTRIES INC 652.82 450074 05/16/2024 PRINTED BURNETT LIME CO INC 8,675.40 450075 05/16/2024 PRINTED PENGUIN RANDOM HOUSE LLC 30.00 450076 05/16/2024 PRINTED PENGUIN RANDOM HOUSE LLC 30.00 450077 05/16/2024 PRINTED CALDWELL PACETTI EDWARDS 4,724.87 450078 05/16/2024 PRINTED THE LAW OFFICES OF 2,305.00 450079 05/16/2024 PRINTED STS MAINTAIN SERVICES INC 14,866.65 450080 05/16/2024 PRINTED COBRA PUMA GOLF INC 915.67 450081 05/16/2024 PRINTED CATHEDRAL CORPORATION 859.19 450082 05/16/2024 PRINTED A GREAT FENCE LLC 4,920.00 450083 05/16/2024 PRINTED WILSON SPORTING GOODS CO 1,014.32 450084 05/16/2024 PRINTED SITEONE LANDSCAPE SUPPLY LLC 3,027.09 450085 05/16/2024 PRINTED BARSALOU VENTURES LLC 82.80 450086 05/16/2024 PRINTED FLORIDA EAST COAST RAILWAY LLC 5,901.00 450087 05/16/2024 PRINTED CDW GOVERNMENT 29,756.94 450088 05/16/2024 PRINTED UNITED AGAINST POVERTY INC 325.49 450089 05/16/2024 PRINTED UB EQUIPMENT SALES INC 2,908.00 450090 05/16/2024 PRINTED COLE AUTO SUPPLY INC 8,991.39 450091 05/16/2024 PRINTED FLORIDA BULB & BALLAST INC 10,758.75 450092 05/16/2024 PRINTED RELX INC 443.46 35 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 450093 05/16/2024 PRINTED CORE & MAIN LP 24,906.31 450094 05/16/2024 PRINTED WOERNER AGRIBUSINESS LLC 456.00 450095 05/16/2024 PRINTED BOTTOMS UP BEVERAGE OF FLORIDA LLC 420.00 450096 05/16/2024 PRINTED DIRECTV GROUP INC 102.72 450097 05/16/2024 PRINTED JOHNSON CONTROLS FIRE PROTECTION LP 3,509.48 450098 05/16/2024 PRINTED IM SOLUTIONS INC 526.55 450099 05/16/2024 PRINTED AMAZON CAPITAL SERVICES INC 5,824.37 450100 05/16/2024 PRINTED PACE ANALYTICAL SERVICES LLC 226.80 450101 05/16/2024 PRINTED AMERIGAS PROPANE LP 6,521.00 450102 05/16/2024 PRINTED JORDAN MOWERS 2,319.79 450103 05/16/2024 PRINTED LIBERTY TIRE RECYCLING LLC 11,444.80 450104 05/16/2024 PRINTED ACADEMY PUBLISHING INC 395.00 450105 05/16/2024 PRINTED KRONOS SAASHR INC 379.89 450106 05/16/2024 PRINTED KYOCERA DOCUMENT SOLUTIONS SOUTHEAST LLC 712.87 450107 05/16/2024 PRINTED BLUE GOOSE CONSTRUCTION LLC 1,054.00 450108 05/16/2024 PRINTED STAPLES INC 223.17 450109 05/16/2024 PRINTED LOWES COMPANIES INC 1,989.17 450110 05/16/2024 PRINTED TOSHIBA AMERICA BUISNESS SOLUTIONS INC 159.36 450111 05/16/2024 PRINTED MILLENNIUM CREMATORY LLC 2,250.00 450112 05/16/2024 PRINTED SPORTS ENGINE INC 74.00 450113 05/16/2024 PRINTED SOUTH FLORIDA EMERGENCY VEHICLES LLC 111.18 450114 05/16/2024 PRINTED BRITTON INDUSTRIES INC 40.19 450115 05/16/2024 PRINTED SAMBERG CONSTRUCTION & DEVELOPMENT LLC 3,621.61 450116 05/16/2024 PRINTED HIREQUEST LLC 2,704.00 450117 05/16/2024 PRINTED NANCI ROBINSON 250.00 450118 05/16/2024 PRINTED CLEAN SPACE INC 2,167.00 450119 05/16/2024 PRINTED SHRIEVE CHEMICAL CO LLC 4,065.61 450120 05/16/2024 PRINTED BAKER&TAYLOR 5,412.31 450121 05/16/2024 PRINTED CONSOLIDATED WATER GROUP LLC 127.62 450122 05/16/2024 PRINTED SEVEN ISLES CAPITAL 565.00 450123 05/16/2024 PRINTED METTLER-TOLEDO INTERNATIONAL INC 5,014.00 450124 05/16/2024 PRINTED RUBEN ZAMARRIPA 80.00 450125 05/16/2024 PRINTED DE 2018 PLLC 533.93 450126 05/16/2024 PRINTED M JARED SMITH 710.00 450127 05/16/2024 PRINTED XEROX CORPORATION 883.61 450128 05/16/2024 PRINTED WINSUPPLY COMMERCIAL CHARGE 733.40 450129 05/16/2024 PRINTED AIRVAC INC 672.67 450130 05/16/2024 PRINTED JOHNSON-LAUX CONSTRUCTION LLC 16,174.03 450131 05/16/2024 PRINTED EUROFINS ENVIRONMENT TESTING AMERICA HOLDINGS INC 6,352.88 450132 05/16/2024 PRINTED ARTHUR J GALLAGHER & CO 14,390.00 450133 05/16/2024 PRINTED ARTHUR J MALTY 50.00 450134 05/16/2024 PRINTED LF STAFFING SERVICES INC 431.06 450135 05/16/2024 PRINTED CERBERUS SFR HOLDINGS PARTNERS LP 1,000.00 450136 05/16/2024 PRINTED CENTRAL FLORIDA EXPRESSWAY AUTHORITY 4.14 450137 05/16/2024 PRINTED AEQUALIS SOCII PLLC 8,454.50 450138 05/16/2024 PRINTED VECELLIO GROUP INC 813.60 450139 05/16/2024 PRINTED PALMDALE INTERMEDIATE LLC 85.38 450140 05/16/2024 PRINTED SAVIAK CONSULTING LLC 22,500.00 450141 05/16/2024 PRINTED PALMDALE INTERMEDIATE LLC 164.13 450142 05/16/2024 PRINTED HARRY CARSON 1,000.00 450143 05/16/2024 PRINTED HYLAND SOFTWARE INC 3,409.90 450144 05/16/2024 PRINTED IVETTE QUILES CINTRON 1,800.00 450145 05/16/2024 PRINTED CENTURION SECURITY GROUP LLC 5,934.00 36 CHECK NUMBER CHECK DATE CHECK TYPE VENDOR NAME AMOUNT 450146 05/16/2024 PRINTED MARK P SATTERLEE 1,075.00 450147 05/16/2024 PRINTED FIRETECH TESTING & REPAIR LLC 6,278.00 450148 05/16/2024 PRINTED BRADY COMPANIES LLC 1,668.35 450149 05/16/2024 PRINTED BRADY COMPANIES LLC 2,074.62 450150 05/16/2024 PRINTED SMARTSIGHTS TECHNOLOGIES LLC 1,850.00 450151 05/16/2024 PRINTED JUDITH THOMPSON 1,000.00 450152 05/16/2024 PRINTED ANDINA GRUPO LLC 1,000.00 450153 05/16/2024 PRINTED TROPIC SHORES REAL ESTATE LLC 645.00 903384 05/14/2024 PRINTED 113517TH PL LLC 905.00 903385 05/14/2024 PRINTED AMELIA VILLAGE LP 276.00 903386 05/16/2024 PRINTED CELICO PARTNERSHIP 40.38 1021594 05/16/2024 ACI PARKS RENTAL & SALES INC 355.00 1021595 05/16/2024 ACI INDIAN RIVER OXYGEN INC 933.00 1021596 05/16/2024 ACI RING POWER CORPORATION 3,396.58 1021597 05/16/2024 ACI DEMCO INC 945.44 1021598 05/16/2024 ACI GALLS LLC 230.55 1021599 05/16/2024 ACI IRRIGATION CONSULTANTS UNLIMITED INC 85.24 1021600 05/16/2024 ACI GROVE WELDERS INC 10,275.00 1021601 05/16/2024 ACI COMPLETE RESTAURANT EQUIPMENT LLC 1,296.82 1021602 05/16/2024 ACI 41MPRINT INC 1,374.36 1021603 05/16/2024 ACI COMMERCIAL ENERGY SPECIALISTS 627.04 1021604 05/16/2024 ACI HYDRA SERVICE (S) INC 39,157.50 1021605 05/16/2024 ACI GRILL PLACE 126.00 1021606 05/16/2024 ACI UNIFIRST CORPORATION 1,266.52 1021607 05/16/2024 ACI RELIABLE SEPTIC & SERVICES 100.00 1021608 05/16/2024 ACI GUARDIAN HAWK SECURITY 80.00 1021609 05/16/2024 ACI EVERGLADES EQUIPMENT GROUP 370.26 1021610 05/16/2024 ACI CARLON INC 1,587.00 3,295,646.92 37 CONSENT AGENDA Indian River County Inter -Office Memorandum Office of Management and Budget To: Members of the Board of County Commissioners Date: May 28,2024 Through: John A. Titkanich Jr., County Administrator From: Kristin Daniels, Director, Office of Management & Budget Subject: Debt Policy Revisions Description and Conditions In preparation of issuing the voter approved $50 million environmentally sensitive land acquisition bonds, the County's debt policy was reviewed to ensure compliance. Upon this review, it was realized that multiple changes are needed to remove outdated language and revise some of the verbiage used. The policy is published annually in the County's budget book and referenced in the Finance Department's internal controls. Both documents will be updated to reflect these changes once approved. Recommendation Staff recommends that the Board of County Commissioners approve the changes being proposed to update the County's debt policy. Attachments Strikethrough Version - Debt Policy Proposed Clean Version - Debt Policy 38 71 �O INDIAN RNER COUNTY Debt Policies P. Long-term debt will not be used to fund operating activities. ► The County may issue bond anticipation notes. ► When appropriate, the County will publish and distribute an official statement for a publicly issued bond and rate issue. ► General obligation debt will not be used for enterprise activities. All such debt will be supported by revenue from operations. ► The County will not issue long-term debt with maturity longer than the useful life of the project or item funded. ► The County will use voted general obligation debt to fund general purpose public improvements. ► If Indian River County utilizes long-term debt financing, staff will ensure that the debt is soundly financed by following several guidelines. First, the cost/benefit ratio of the improvement must bepositive. Revenue sources that will be used to pay the debt will be conservatively projected. Also, no improvement shall be financed over a time period greater than the useful life of said improvement. ► Every effort will be made to limit the amount of general obligation debt. All general obligation debt will be used only for public purposes. ► When appropriate, the County will use special assessment, revenue, or other self- supporting debt in lieu of general obligation debt. ► Indian River County will strive to maintain sound credit ratings when applicable. M ,_ t INDIAN RIVER COUNTY Debt Policies • The County will issue bonds Anly fAr r-apital and geReral . Long-term debt will not be used to fund operating activities. • The County may )A44 issue Peter, fer bond anticipation notes • When appropriate, tThe County will publish and distribute an official statement for a each publicly issued bond and rate issue. • General obligation debt will not be used for enterprise activities. All such debt beRdS will be supported by revenue from operations. • The County will not issue long-term debt with maturity longer than the useful life of the project or item funded. • The County will use voted general obligation debt to fund general purpose public improvements, ;v l;ch—G EI Rnt be—fiA;;r'^TEed {�r^vri-rEUFFent—revenues er thin U ;reSen-eid P_A "A.m. ef the ReR voted debt capa 4- • If Indian River County utilizes long-term debt financing, staff will ensure that the debt is soundly financed by following several guidelines. First, the cost/benefit ratio of the improvement must bepositive. Revenue sources that will be used to pay the debt will be conservatively projected. Also, no improvement shall be financed over a time period greater than the useful life of said improvement. • Every effort will be made to limit the amount of general obligation debt. All general obligation debt will be used only for public purposes. • When appropriatee-n, the County will use special assessment, revenue, or other self-supporting debt kA in lieu and aveid the use of general obligation debt. . Indian River Countv will _l 40 INDIAN RIVER COUNTY, FLORIDA AGENDA ITEM Deputy County Administrator / SANDRIDGE GOLF 7CM 7g2-074-20 Date: May 24, 2024 To: The Honorable Board of County Commissioners Thru: John A. Titkanich, Jr., County Administrator Michael C. Zito, Assistant County Administrator From: Bela Nagy, Golf Professional Subject: Additional Service #6, Value Engineering revise bid documents – Sparc Design - New Clubhouse at Sandridge Golf Club DESCRIPTION AND CONDITIONS: On October 1, 2021, Indian River County and Sandridge Golf Club entered into an agreement with Sun Patrick Architecture, Inc., DBA Sparcdesign for professional services for the Sandridge Golf Club Clubhouse through RFQ 2021020. Sparcdesign performed an additional service request #5 for additional scope of work to value engineer the bid documents dated October 27, 2023. Sparcdesign analyzed the buildings/site features, systems, equipment, and material selections to reduce the cost of the project while maintaining essential functions as an additional service utilizing the terms outlined in the Agreement for Professional Services for Sandridge Clubhouse Architectural Design Services – RFQ2021020- Master Plan Study Phase dated October 1, 2021. Sparcdesign has proposed to perform an additional service request to produce the new bid documents for the project with a cost of $139,980. To date, Sparcdesign has been paid $670,096.26. With this additional service request, the total paid to Sparcdesign will total $810,076.26. The General Conditions of the contract state "without invalidating the Agreement and without notice to any surety, OWNER may, at any time or from time to time, order additions, deletions, or revisions in the Work by a Written Amendment, a Change Order, or a Work Change Directive." There are no prohibitions in Florida Statute or the Purchasing Manual for a work order at this level of cost. FUNDING: Funding for this Additional Service #6, in the amount of $139,980, will come from the Sandridge Golf Course/WIP/Clubhouse account, number 418-169000-21018. Description Account Number Amount —Sandridge Golf Course/WIP/Clubhouse 418-169000-21018 $139,980 C:\Granicus\Legistar5\L5\Temp\28e96854-92964b7a-bb8d-238107a16d70.docx 41 Page two Additional Service No. 6, for Value Engineering — Sparc Design - New Clubhouse at Sandridge Golf Club May 24, 2024 RECOMMENDATION: Staff recommends approving Additional Service No. 6 authorizing the $139,980 increase to the contract with Sparcdesign and authorizing the Chairman to sign the Additional Service #6 on behalf of the Board. ATTACHMENTS: • Additional Service #6. Value Engineering revised bid documents. C:\Gianicus\Legistar5\L5\Temp\28e96854-9296-4b7a-bb8d-238107a16d70.docx 42 May 14,2024 The Owner: Bela Nagy, Director of Golf, PGA c/o Indian River County Purchasing Division 1800 27th Street Vero Beach, Florida 32960 The Architect: Sun Patrick Architecture, Inc. DBA: sparcdesign 3021 Jupiter Park Circle, Suite 102 Jupiter, FL 33458 RE: Sandridge Golf Club New Clubhouse sparcdesign project 2021.159 Additional Service #6, Value Engineering revise bid documents Dear Mr. Nagy: We are submitting this additional service request for additional scope of work to revise the bid/construction/permit documents dated October 27,2023. The bid documents will be updated based on the approved value engineering schedule date April 4,2024. Sparcdesign will utilize the value engineering schedule to prepare revised construction documents that will graphically show the scope, extent, and character of the work to be performed by the contractor, including specifications and related structural, mechanical, electrical, plumbing, kitchen, landscape, interior and civil engineering plans. Sparcdesign will prepare the required drawings for architectural and engineering submittal to the county for review. Sparcdesign will submit plans electronically to the owner for the bidding phase. Will respond to request for information during the bidding period. Sparcdesign will prepare and process and administrative amendment for the revised site plan through Indian River County planning and development services department. Based on the value - engineering design sparcdesign will provide modifications to the civil engineering design, wastewater modifications, permit modifications and potable water system revisions. Sparcdesign will provide revised kitchen drawings based on the value engineering schedule. The following disciplines are included in this additional service proposal. • Architecture, Mechanical Engineering, Electrical Engineering, Plumbing Engineering, Fire Protection Design, Structural Engineering, Interior Design, Landscape Architecture/Planning, Kitchen Consultant Design Services, and Civil Engineering. Professional services fee breakdown for additional service no. 6 Revised bid documents based on Value Engineering Schedule. • Architecture/Engineering $ 35,000.00 • Bidding/Negotiations $ 3,500.00 • Interior Design $ 2,500.00 • Turn Building redesign $ 20,000.00 • Civil Engineering o Task A - Civil Design $ 35,200.00 o Task B - Wastewater System mods $ 3,080.00 o Task C - Permit App submittals $ 2,750.00 o Task D - Permit acquisition response $ 8,800.00 (NTE) o Task E - Meetings $ 4,400.00 (NTE) • Landscape Architecture $ 11,550.00 • Land Planning (Amendment) $ 13,200.00 Total $ 139.980.00 r. i S p a rc I e 5I 9 n 3021 Jupiter Park Circle Suite 102 Jupiter Honda 561.203:7539 wwwsparcdesign.us 43 We propose to perform this work as an additional service utilizing the terms outlined in the Agreement for Professional Services for Sandridge Clubhouse Architectural Design Services - RFQ2021020-Master Plan Study Phase dated October 1, 2021. We propose to perform this task for a fixed fee of One Hundred Thirty -Nine Thousand Nine Hundred eighty dollars ($139,980). Feel free to contact me with any comments or questions you have. Acceptance of this proposal may be indicated by signing, dating, and returning (1) copy of this letter. Sincerery, tr�� Sean Sukhu, Partner\ Client Signature and date name Ryan L. Butler Clerk of Circuit Court & Comptroller 1801 271h Street Vero Beach, FL 32960 Telephone: (772) 226-3100 TO: Board of County Commissioners FROM: Elissa Nagy, Chief Deputy Comptroller THROUGH: Ryan L. Butler, Clerk of the Circuit Court and Comptroller DATE: May 1, 2024 tCouw,r . o + c0 o � SUBJECT: Dori Slosberg Driver Education Safety Act Indian River County Traffic Education Program Trust Fund Report Cumulative Reporting Through 03/31/24 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 (Fund 137). This ordinance authorized a $3 traffic ticket surcharge, which is collected by the Clerk of the Circuit Court & Comptroller. 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". Provided 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 March 31, 2024, the balance in the Fund is $247,653. 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 report. 45 C N CD O C E m L U O SILL fn O O O L «_ v r 0 W K v W � H d 7 C d d w (6 a) T N m m O (n L () (/i "J D C O O w cn a) t O CO a) T CU �LU (u a C N C _0 of_ ttoo co� •°' @ L 11 W C ~ tD t` r_ CL 0 W d � LL qt N N G w H r b4 EA b4 Cl) M Lm 0 O N N co COD 00 It co M Cl) O CD CD O p m M Cl) 00 co N r` N N N Cl) qt � V- N N LL O L7 O tj r d3 EJ? T Ln (D O O tD O (D Nr` co O O O O (D w M N N T O N m O co M CD N O O 00 00 (D r r �t 00 N N N N It L(7 N N M O Cl) r O } LL O Q1 r to K3 T T N_ It 00 N O r N � co N O 0000 O It LO O N M 00 OD It M 00 O N N qt It N N 00 m } C r M LL O C> r EF? 64 M It 00 N p r 1- 00 Lf) LO t` T N N •- <- M M t` N O O O O O co co O N N LO LO LO co 00 N T T Co M LL rn T �tLOm 00 co r r, 00 C6 0 N co LO N N Cl) 00 CD N O N Ln L(j r� t0 N O O O N N It qt r` LO M O N_ N Ln LO N N N O M C,j r O T U. O Q> r 6s 69 co CD N Ln LO r- ' I - m CY) CO m p O 00 � N N co (D 0 00 O 00 M M Ln Ln N N m M m O O O O r CD `R It co co M O cn r O Efi b4 (6 a) T IV N m m O (n L () (/i "J D C 0 W w w cn a) t O CO a) T CU �LU (u a C (u C _0 of_ Z m Z @ U @ L W C ~ d ~ U O w LL W d Z LL IV Ryan L. Butler Clerk of Circuit Court & Comptroller 1801 27th Street Vero Beach, FL 32960 Telephone: (772) 226-3100 TO: Board of County Commissioners FROM: Elissa Nagy, Chief Deputy Comptroller THRU: Ryan L. Butler, Clerk of the Circuit Court and Comptroller DATE: May 10, 2024 SUBJECT: Quarterly Investment Report for Quarter Ending 3/31/2024 BACKGROUND �G J`��oouNTy� • o� o`9yF/nanc� 6'J� Attached to this memorandum is the composition of the investment portfolio and investment earnings for the second quarter of fiscal year 2024. This report was reviewed by our investment advisory committee on May 9, 2024. RECOMMENDATION Staff recommends that the Board of County Commissioners accept the attached Quarterly Investment Report. 47 Ryan L. Butler Clerk of Circuit Court & Comptroller 1801 27th Street Vero Beach, FL 32960 Telephone: (772) 226-3100 Indian River County Investment Advisory Committee Quarterly Investment Report January 1, 2024 through March 31, 2024 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 & Comptroller. 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 Bill Penney, President & CEO of Marine Bank and Trust Company. Also present at the meetings are the Clerk of the Circuit Court & Comptroller, Chief Deputy Comptroller, Assistant Chief Deputy Comptroller, Internal Audit Director and Senior Accountant. 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. 163.0 1, Certificates of Deposit (CDs), Money Market Funds, and Repurchase Agreements. INVESTMENT ACTIVITY As of March 31, 2024, the investments portfolio book value was $588,110,295 with a market value of $588,368,680. Of the $588,110,295 portfolio total, $440,828,741 is restricted for the following purposes: $ 147,529,209 $ 487,526 $ 104,622,266 $ 185,656,502 $ 2,533,238 $ 440,828,741 33.47% Special revenue projects 0.11% Debt service 23.73% Capital projects 42.12% Business -type activities 0.57% Fiduciary funds 48 QUARTERLY AVERAGE YIELD The overall average yield for the quarter ended March 31, 2024 was 4.20%. The overall average yield for the quarter ended December 31, 2023 was 3.82%. QUARTERLY INVESTMENT EARNINGS The chart below shows the change in the investment earnings per quarter since December 31, 2021: $7,000,000 $6,236,119 $6,000,000 { - - $S,11S;S95 The weighted average maturity of the treasury and agency investments as of March 31, 2024 is 13 months. Coupon yields on the individual investments ranged from 0.25% to 5.75%. 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 March 31, 2024: Schedule 1 Portfolio sorted by type of debt instrument Schedule 2 Portfolio sorted by maturity date Schedule 3 Portfolio by maturity date bar graph Schedule 4 Portfolio by type pie chart Schedule 5 Investment purchases, calls and maturities for the quarter Schedule 6 Summary of cash flows and balances by month Schedule 7 Interest earnings summary Schedule 8 Allocation of investments by fund types (unrestricted and restricted balances) 49 Schedule 1 Indian River County, Florida Board of County Commissioners Investments By Type March 31, 2024 I oft 50 03/31/24 Coupon/ Purchase Maturity Years To Yield To Original Portfolio Investment Type CUSIP Yield Date Date Maturity Maturity Par Amount Book Value % FFCB Callable 3133ENCVO 0.670% 11/02/21 05/02/24 0.09 0.670% $ 3,000,000.00 $ 3,000,000.00 FFCB Bullet 3133ENWP3 2.625% 06/01/23 05/16/24 0.13 5.213% $ 3,000,000.00 $ 2,928,300.00 FFCB Bullet 3133ENG20 3.300% 11/07/22 06/15/24 0.38 4.787% $ 3,000,000.00 $ 2,924,910.00 FFCB Bullet 3133ENJ84 3.375% 03/24/23 08/26/24 0.41 3.957% $ 3,000,000.00 $ 2,976,000.00 FFCB Callable 3133ENQC7 1.940% 03/03/22 09/03/24 0.43 1.940% $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 3133ENS68 4.620% 10/17/22 10/17/24 0.55 4.620% $ 2,000,000.00 $ 2,000,000.00 FFCB Bullet 3133ENCA6 0.700% 10/25/21 10/25/24 0.57 0.700% $ 3,000,000.00 $ 3,000,000.00 FFCB Bullet 3133EPR31 4.875% 12/21/23 01/17/25 0.80 4.878% $ 3,000,000.00 $ 3,000,000.00 FFCB Bullet 3133EPFL4 4.000% 04/26/23 03/10/25 0.94 4.185% $ 3,000,000.00 $ 2,990,160.00 FFCB Bullet 3133EP4M4 5.000% 03/01/24 03/28/25 0.99 5.004% $ 3,000,000.00 $ 3,000,000.00 FFCB Bullet 3133EPHES 4.250% 11/09/23 04/28/25 1.08 5.165% $ 3,000,000.00 $ 2,961,600.00 FFCB Callable 3133EPQP3 5.330% 07/24/23 07/24/25 1.32 5.330% $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 3133EPTD7 5.370% 08/14/23 08/14/25 1.37 5.370% $ 3,000,000.00 $ 3,000,000.00 FFCB Bullet 3133EPVY8 5.000% 09/15/23 09/15/25 1.46 5.021% $ 3,000,000.00 $ 2,998,800.00 FFCB Callable 3133EPA88 S.490% 11/06/23 11/06/25 1.60 5.490% $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 3133EPTWS 5.100% 08/25/23 08/25/26 2.40 5.100% $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 3133EPWSO 5.200% 09/25/23 09/25/26 2.49 5.200% $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 3133EPM28 4.830% 12/11/23 12/11/26 2.70 4.830% $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 3133EPRBO 5.000% 01/08/24 01/08/27 2.78 5.000% $ 3,000,000.00 $ 3,000,000.00 FFCB Bullet 3133EP2T3 4.250% 02/12/24 02/12/27 2.87 4.259% $ 3,000,000.00 $ 2,988,780.00 $ 59,000,000.00 $ 58,768,550.00 10.01% FHLB Callable 3130ARNK3 2.625% 04/29/22 D4/26/24 0.07 2.625% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMV33 0.300% 06/29/21 04/29/24 0.08 0.300% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMMMI 0.375% 06/03/21 06/03/24 0.18 0.375% 5 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMLM2 0.375% 06/07/21 06/07/24 0.19 0.375% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMKX9 0.400% 06/07/21 06/07/24 0.19 0.400% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMKZ4 0.400% 06/10/21 06/10/24 0.19 0.400% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130APYD1 0.900% 12/14/21 06/14/24 0.21 0.900% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMSFO 0.400% 07/01/21 06/28/24 0.24 0.471% $ 3,000,000.00 $ 2,993,700.00 FHLB Callable 3130AMXQO 0.475% 07/12/21 07/12/24 0.28 0.475% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMZ98 0.520% 07/12/21 07/12/24 0.28 0.520% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130APQVO 1.000% 11/16/21 08/16/24 0.38 1.000% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130APB52 1.000% 11/23/21 08/23/24 0.40 1.000% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130ANVA5 0.500% 09/10/21 09/10/24 0.45 0.500% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130ANRP7 0.500% 09/13/21 09/13/24 0.45 0.500% $ 3,000,000.00 $ 3,000,000.00 FHLB Bullet 3130ATT31 4.500% 11/07/22 10/03/24 0.51 4.817% $ 3,000,000.00 $ 2,982,930.00 FHLB Callable 3130APAA3 0.555% 10/21/21 10/21/24 0.56 0.555% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130ATME4 5.000% 10/27/22 01/27/25 0.83 5.000% $ 2,000,000.00 $ 2,000,000.00 FHLB Callable 313GAYDFO 5.000% 01/05/24 07/01/25 1.25 5.000% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130BOH51 5.150% 03/15/24 09/12/25 1.45 5.150% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AXSH7 5.500% D9/11/23 09/11/26 2.45 5.5001A $ 3,000,000.00 $ 3,000,000.00 $ 59,000,000.00 $ 58,976,630.00 10.04% FHLMC Callable 3134GXUHS 3.000% 05/27/22 05/24/24 0.15 3.000% $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 3134GY3X8 5.100% 11/30/22 08/30/24 0.42 5.104% $ 2,000,000.00 $ 2,000,000.00 FHLMC Callable 3134GXT61 4.000% 09/13/22 09/13/24 0.45 4.000% $ 2,000,000.00 $ 2,000,000.00 FHLMC Callable 3134GYA69 5.000% 12/27/22 09/27/24 0.49 5.005% $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 3134GX3D4 4.500% 09/30/22 09/30/24 0.50 4.500% $ 2,000,000.00 $ 2,000,000.00 FHLMC Callable 3134GX7J6 3.500% 06/30/22 09/30/24 0.50 3.500% $ 2,000,000.00 $ 2,000,000.00 FHLMC Callable 3134GX98 4.000% 07/18/22 10/18/24 0.55 4.000% $ 2,000,000.00 $ 2,000,000.00 FHLMC Callable 3134GXRCO 3.000% 05/05/22 11/05/24 0.60 3.000% $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 3134GXK86 4.000% 08/18/22 11/18/24 0.64 4.000% $ 2,000,000.00 $ 2,000,000.00 FHLMC Callable 3134GYJ29 5.150% 02/17/23 02/14/25 0.88 5.195% $ 3,000,000.00 $ 2,997,450.00 FHLMC Callable 3134GXSRB 4.000% 11/03/23 02/28/25 0.92 5.335% $ 3,000,000.00 $ 2,949,420.00 FHLMC Callable 3134GYUJ9 5.375% 06/28/23 03/28/25 0.99 5.380% $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 3134GYPCO 5.375% 11/03/23 04/24/25 1.07 5.485% $ 3,000,000.00 $ 2,995,320.00 FHLMC Callable 3134H10A4 4.850% 01/24/23 10/24/25 1.S7 4.854% $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 31341-11NW9 4.900% 01/11/24 01/06/26 1.77 4.900% $ 3,000,000.00 $ 3,000,000.00 $ 39,000,000.00 $ 38,942,190.00 6.63% FNMACallable 3136G47L1 0.350% 09/28/21 04/26/24 0.07 0.434% $ 3,000,000.00 $ 2,993,520.00 FNMACallable 3135GHP9 5.100% 05/15/23 11/15/24 0.63 5.100% $ 3,000,000.00 $ 3,000,000.00 FNMA Bullet 3135GOX24 1.625% 01/31/23 01/07/25 0.77 4.307% $ 3,000,000.00 $ 2,852,250.00 FNMA Callable 3135GAKH3 5.350% 12/08/23 06/06/25 1.18 5.350% $ 3,000,000.00 $ 3,000,000.00 FNMA Callable 3135GACX7 3.850% 04/26/23 08/28/25 1.41 4.520% $ 3,000,000.00 $ 2,955,690.00 FNMA Callable 3135GA1T9 5.750% 10/30/23 10/30/25 1.58 5.750% $ 3,000,000.00 $ 3,000,000.00 FNMACallable 3135GANF4 5.050% 02/06/24 02/06/26 1.85 5.050% $ 3,000,000.00 $ 3,000,000.00 FNMA Callable 3135GAQRS 5.050% 03/28/26 03/26/26 1.99 5.050% $ 3,000,000.00 $ 3,000,000.00 FNMA Callable 3135GAL59 5.000% 01/05/24 01/04/27 2.76 5.000% $ 3,000,000.00 $ 3,000,000.00 $ 27,000,000.00 $ 26,801,460.00 4.56% Treasury Note 91282CBV2 0.375% 09/27/21 04/15/24 0.04 0.418% $ 4,000,000.00 $ 3,995,640.00 Treasury Note 91282CBV2 0.375% 10/19/21 04/15/24 0.04 0.572% $ 3,000,000.00 $ 2,985,450.00 Treasury Note 91282CEK3 2.500% 12/09/22 04/30/24 0.08 4.596% $ 3,000,000.00 $ 2,916,045.00 Treasury Note 91282CCC3 0.250% 12/03/21 05/15/24 0.12 0.770% $ 3,000,000.00 $ 2,962,170.00 Treasury Note 91282CCC3 0.250% 08/23/21 05/15/24 0.12 0.375% $ 3,000,000.00 $ 2,989,860.00 Treasury Note 912828XT2 2.000% 04/07/22 05/31/24 0.17 2.552% $ 3,000,000.00 $ 2,965,560.00 I oft 50 Schedule 1 Indian River County, Florida Board of County Commissioners Investments By Type March 31. 2024 Restricted Cash - Landfill FL CLASS -Landfill Closure & Postclosure Reserves Total Pooled Cash & Equivalents Restricted Cash - Housing Account Total Portfolio Note: See separate investment report for OPEB funds. $ 10,958,461.91 1.87% $ 587,348,008.97 100.00% $762,286.25 $588,110,295.22 2 oft 51 03131/24 Coupon/ Purchase Maturity Years To Yield To Original Portfolio Investment Type CUSIP Yield Date Date Maturity Maturity Par Amount Book Value % Treasury Note 91282CCL3 0.375% 10/08/21 07/15/24 0.29 0.500% $ 3,000,000.00 $ 2,989,710.00 Treasury Note 912828Y87 1.750% 12/13/22 07/31/24 0.33 4.529% $ 3,000,000.00 $ 2,870,100.00 Treasury Note 9128282N9 2.125% 11/30/22 07/31/24 0.33 4.642% $ 3,000,000.00 $ 2,880,000.00 Treasury Note 9128282N9 2.125% 07/19/22 07/31/24 0.33 3.157% $ 2,000,000.00 $ 1,959,660.00 Treasury Note 91282CCT6 0.375% 12/03/21 08/15/24 0.38 0.825% $ 3,000,000.00 $ 2,964,000.00 Treasury Note 9128282U3 1.875% 10/06/22 08/31/24 0.42 4.198% $ 2,000,000.00 $ 1,915,936.00 Treasury Note 9282CFQ9 4.375% 12/01/22 10/31/24 0.59 4.572% $ 3,000,000.00 $ 2,989,170.00 Treasury Note 9128283V0 2.500% 11/18/22 01/31/25 0.84 4.403% $ 3,000,000.00 $ 2,881,350.00 Treasury Note 91292CGG0 4.125% 03/03/23 01/31/25 0.84 4.954% $ 3,000,000.00 $ 2,955,000.00 Treasury Note 91292CGG0 4.125% 02/06/24 01/31/25 0.84 4.834% $ 3,000,000.00 $ 2,979,840.00 Treasury Note 91282CDZ3 1.500% 11/18/22 02/15/25 0.88 4.413% $ 3,000,000.00 $ 2,815,320.00 Treasury Note 91282CDZ3 1.500% 08/17/23 02/15/25 0.88 5.175% $ 3,000,000.00 $ 2,843,370.00 Treasury Note 91292CGNS 4.625% 03/14/24 02/28/25 0.92 5.029% $ 3,000,000.00 $ 2,988,690.00 Treasury Note 912828X7 1.125% 11/30/22 02/28/25 0.92 4.398% $ 3,000,000.00 $ 2,791,875.00 Treasury Note 91282CED9 1.750% 12/01/22 03/15/25 096 4.446% $ 3,000,000.00 $ 2,825,859.38 Treasury Note 91282CGU9 3.875% 11/07/23 03/31/25 1.00 5.118% $ 3,000,000.00 $ 2,950,260.00 Treasury Note 91282CGU9 3.875% 12/15/23 03/31/25 1.00 4.628% $ 3,000,000.00 $ 2,971,800.00 Treasury Note 91282CEH0 2.625% 12/12/22 04/15/25 1.04 4.220% $ 3,000,000.00 $ 2,894,296.88 Treasury Note 91282CEH0 2.625% 11/03/23 04/15/25 1.04 5.124% $ 3,000,000.00 $ 2,896,590.00 Treasury Note 91282CGX3 3.875% 11/16/23 04/30/25 1.08 5.069% $ 3,000,000.00 $ 2,950,260.00 Treasury Note 9128284M9 2.875% 12/12/22 04/30/25 1.08 4.206% $ 3,000,000.00 $ 2,910,234.38 Treasury Note 91282CEQ0 2.750% 01/31/23 05/15/25 1.12 4.149% $ 3,000,000.00 $ 2,909,220.00 Treasury Note 91282CEQ0 2.750% 08/17/23 05/15/25 1.12 5.064% $ 3,000,000.00 $ 2,885,340.00 Treasury Note 91282CHD6 4.250% 01/17/24 05/31/25 1.17 4.422% $ 3,000,000.00 $ 2,993,070.00 Treasury Note 91282CHD6 4.250% 12/06/23 05/31/25 1.17 4.826% $ 3,000,000.00 $ 2,975,507.81 Treasury Note 9129284RB 2.875% 05/18/23 05/31/25 1.17 4.090% $ 3,000,000.00 $ 2,929,440.00 Treasury Note 91282CEU1 2.875% 02/17/23 06/15/25 1.21 4.500% $ 3,000,000.00 $ 2,893,425.00 Treasury Note 91282CEU1 2.875% 07/18/23 06/15/25 1.21 4.797% $ 3,000,000.00 $ 2,895,900.00 Treasury Note 91282CHL8 4.625% 03/01/24 06/30/25 1.25 4.841% $ 3,000,000.00 $ 2,991,562.50 Treasury Note 912828X78 2.750% 07/18/23 06/30/25 1.25 4.769% $ 3,000,000.00 $ 2,888,388.00 Treasury Note 912828X28 2.750% 03/24/23 06/30/25 1.25 3.825% $ 3,000,000.00 $ 2,930,390.63 Treasury Note 91282CEY3 3.000% 03/24/23 07/15/25 1.29 3.811% $ 3,000,000.00 $ 2,946,562.50 Treasury Note 91282CEY3 3.000% 01/17/24 07/15/25 1.29 4.327% $ 3,000,000.00 $ 2,942,970.00 Treasury Note 91282BY79 2.875% 05/18/23 07/31/25 1.33 4.011% $ 3,000,000.00 $ 2,928,690.00 Treasury Note 912828Y79 2.875% 02/06/24 07/31/25 1.33 4.586% $ 3,000,000.00 $ 2,927,295.00 Treasury Note 91282CFE6 3.125% 09/12/23 08/15/25 1.38 5.005% $ 3,000,000.00 $ 2,897,695.31 Treasury Note 91282CFE6 3.125% 12/15/23 08/15/25 1.38 4.453% $ 3,000,000.00 $ 2,936,484.38 Treasury Note 912828420 2.750% 05/26/23 08/31/25 1.42 4.331% $ 3,000,000.00 $ 2,898,690.00 Treasury Note 91282CHV6 5.000% 09/19/23 08/31/25 1.42 5.048% $ 3,000,000.00 $ 2,997,300.00 Treasury Note 91282CFK2 3.500% 05/26/23 09/15/25 1.46 4.326% $ 3,000,000.00 $ 2,946,093.75 Treasury Note 91282CFK2 3.500% 11/06/23 09/15/25 1.46 4.932% $ 3,000,000.00 $ 2,924,531.25 Treasury Note 9128285C0 3.000% 12/06/23 09/30/25 1.50 4.630% $ 3,000,000.00 $ 2,915,574.00 Treasury Note 9128285C0 3.000% 11/06/23 09/30/25 1.50 4.900% $ 3,000,000.00 $ 2,897,760.00 Treasury Note 91282CFP1 4.250% 11/06/23 10/15/25 1.54 4.906% $ 3,000,000.00 $ 2,963,906.25 Treasury Note 91282CFP1 4.2511% 12/19/23 10/15/25 1.54 4.472% $ 3,000,000.00 $ 2,988,281.25 Treasury Note 91282CIE2 5.000% 11/14/23 10/31/25 1.59 5.067% $ 3,000,000.00 $ 2,996,250.00 Treasury Note 91282CFW6 4.500% 12/06/23 11/15/25 1.63 4.598% $ 3,000,000.00 $ 2,994,492.19 Treasury Note 91282CGES 3.875% 01/17/24 01/15/26 1.79 4.164% $ 3,000,000.00 $ 2,983,590.00 Treasury Note 91282UV4 4.250% 02/22/24 01/31/26 1.84 4.593% $ 3,000,000.00 $ 2,981,015.63 Treasury Note 91282CGL9 4.000% 12/12/23 02/15/26 1.88 4.672% $ 3,000,000.00 $ 2,958,600.00 Treasury Note 91282031-9 4.000% 02/22/24 02/15/26 1.88 4.567% $ 3,000,000.00 $ 2,968,125.00 Treasury Note 91282CGR6 4.625% 11/16/23 03/15/26 1.96 4.762% $ 3,000,000.00 $ 2,990,859.38 Treasury Note 9128203V7 3.750% 12/14/23 04/15/26 2.04 4.532% $ 3,000,000.00 $ 2,948,400.00 Treasury Note 912820GV7 3.750% 11/17/23 04/15/26 2.04 4.678% $ 3,000,000.00 $ 2,937,180.00 Treasury Note 91282CHSO 3.625% 12/14/23 05/15/26 2.12 4.505% $ 3,000,000.00 $ 2,940,000.00 Treasury Note 91282CH80 3.625% 11/17/23 05/15/26 2.12 4.648% $ 3,000,000.00 $ 2,928,515.63 Treasury Note 91282CHH7 4.125% 12/19/23 06/15/26 2.21 4.232% $ 3,000,000.00 $ 2,992,500.00 Treasury Note 91282CHM6 4.500% 02/28/24 07/15/26 2.29 4.575% $ 3,000,000.00 $ 2,994,840.00 Treasury Note 91292CHU8 4.375% 03/14/24 08/15/26 2.38 4.470% $ 3,000,000.00 $ 2,993,436.00 Treasury Note 91282CHUS 4.375% 12/12/23 08/15/26 2.38 4.533% $ 3,000,000.00 $ 2,988,046.88 $ 197,000,000.00 $ 193,037,974.98 32.87% Regions Bank Money Market $ 18,626,319.67 3.17% Regions Bank Lockbox Accounts $ 659,678.35 0.11% TD Bank Checking Account $ 22,579,784.98 3.84 BankUnited Money Market $ 27,745,460.73 4.72% Valley National Bank Government Interest Checking $ 26,548,377.35 4.52% Marine Bank Business Money Market $ 5,242,773.68 0.89% Florida Trust Day to Day Fund $ 38,443,103.08 6.55% FL STAR $ 21,684,337.21 3.69% FL CLASS - BOCC Funds $ 38,332,907.03 6.53% Total General Cash & Equivalents - Unrestricted $ 576,389,547.06 Restricted Cash - Landfill FL CLASS -Landfill Closure & Postclosure Reserves Total Pooled Cash & Equivalents Restricted Cash - Housing Account Total Portfolio Note: See separate investment report for OPEB funds. $ 10,958,461.91 1.87% $ 587,348,008.97 100.00% $762,286.25 $588,110,295.22 2 oft 51 52 Schedule 2 Indian River County, Florida Board of County Commissioners Investment By Maturity Date March 31, 2024 03131/24 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 91282CBV2 0.375% 09/27/21 04/15/24 0.04 0.418% $ 4,000,000.00 $ 3,995,640.00 Treasury Note 91282CBV2 0.375% 10/19/21 04/15/24 0.04 0.572% $ 3,000,000.00 $ 2,985,450.00 FNMACallable 3136G471.3 0.350% 09/28/21 04/26/24 0.07 0.434% $ 3,000,000.00 $ 2,993,520.00 FHLBCallable 3130ARNK3 2.625% 04/29/22 04/26/24 0.07 2.625% $ 3,000,000.00 $ 3,000,000.00 FHLBCallable 3130AMV33 0.300% 06/29/21 04/29/24 0.08 0.300% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 91282CEK3 2.500% 12/09/22 04/30/24 0.08 4.596% $ 3,000,000.00 $ 2,916,045.00 $ 19,000,000.00 FFCB Callable 3133ENCVO 0.670% 11/02/21 05/02/24 0.09 0.670% S 3,000,000.00 $ 3,000,000.00 Treasury Note 91282CCC3 0.250% 12/03/21 05/15/24 0.12 0.770% $ 3,000,000.00 $ 2,962,170.00 Treasury Note 91282CCC3 0.250% 08/23/21 05/15/24 0.12 0.375% $ 3,000,000.00 $ 2,989,860.00 FFCB Bullet 3133ENWP1 2.625% 06/01/23 05/16/24 0.13 5.213% S 3,000,000.00 $ 2,928,300.00 FHLMC Callable 3134GXUHS 3.000% 05/27/22 05/24/24 0.15 3.000% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 912828XT2 2.000% 04/07/22 05/31/24 0.17 2.552% $ 3,000,000.00 $ 2,965,560.00 $ 18,000,000.00 FHLB Callable 3130AMMMI 0.375% 06/03/21 06/03/24 0.18 0.375% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMLM2 0.375% 06/07/21 06/07/24 0.19 0.375% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMKX9 0.400% 06/07/21 06/07/24 0.19 0.400% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMKZ4 0.40096 06/10/21 06/10/24 0.19 0.400% $ 3,000,000.00 $ 3,000,000.00 FHLBCallable 3130APYD1 0.900% 12/14/21 06/14/24 0.21 0.900% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMSFO 0.400% 07/01/21 06/28/24 0.24 0.471% $ 3,000,000.00 $ 2,993,700.00 $ 18,000,000.00 FHLB Callable 3130AMXQO 0.475% 07/12/21 07/12/24 0.28 0.475% $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 3130AMZ88 0.520% 07/12/21 07/12/24 0.28 0.520% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 91282CCL3 0.375% 10/08/21 07/15/24 0.29 0.500% $ 3,000,000.00 $ 2,989,710.00 Treasury Note 912828Y87 1.750% 12/13/22 07/31/24 0.33 4.529% $ 3,000,000.00 $ 2,870,100.00 Treasury Note 9128282N9 2.125% 11/30/22 07/31/24 0.33 4.642% $ 3,000,000.00 $ 2,880,000.00 Treasury Note 9128282N9 2.12S% 07/19/22 07/31/24 0.33 3.1S7% $ 2,000,000.00 $ 1,959,660.00 $ 17,000,000.00 Treasury Note 91282CCT6 0.375% 12/03/21 08/15/24 0.38 0.825% $ 3,000,000.00 $ 2,964,000.00 FFCB Bullet 3133ENG20 3.300% 11/07/22 08/15/24 0.38 4.787% $ 3,000,000.00 $ 2,924,910.00 FHLBCallable 3130APQVO 1.000% 11/16/21 08/16/24 0.38 1.000% $ 3,000,000.00 $ 3,000,000.00 FHLBCallable 3130APBS2 1.000% 11/23/21 08/23/24 0.40 1.000% $ 3,000,000.00 $ 3,000,000.00 FFCB Bullet 3133ENJ84 3.375% 03/24/23 08/26/24 0.41 3.957% $ 3,000,000.00 $ 2,976,000.00 FHLMC Callable 3134GY3X8 5.100% 11/30/22 08/30/24 0.42 5.104% $ 2,000,000.00 $ 2,000,000.00 Treasury Note 9128282U3 1.875% 10/06/22 06/31/24 0.42 4.198% $ 2,000,000.00 $ 1,915,936.00 $ 19,000,000.00 FFCB Callable 3133ENQC7 1.940% 03/03/22 09/03/24 0.43 1.940% $ 3,000,000.00 $ 3,000,000.00 FHLBCallable 3130ANVA5 0.500% 09/10/21 09/10/24 OAS 0.500% $ 3,000,000.00 $ 3,000,000.00 FHLMCCallable 3134GXT61 4.000% 09/13/22 09/13/24 OAS 4.000% $ 2,000,000.00 $ 2,000,000.00 FHLBCallable 3130ANRP7 0.500% 09/13/21 09/13/24 0.45 0.500% $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 3134GYA69 5.000% 12/27/22 09/27/24 0.49 5.005% $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 3134GX304 4.50096 09/30/22 09/30/24 0.50 4.500% $ 2,0D0,000.00 $ 2,000,000.00 FHLMC Callable 3134006 3.500% 06/30/22 09/30/24 0.50 3.500% $ 2,000,000.00 $ 2,000,000.00 $ 18,000,000.00 FHLB Bullet 3130ATT31 4.500% 11/07/22 10/03/24 0.51 4.817% $ 3,000,000.00 $ 2,982,930.00 FFCB Callable 3133ENS68 4.620% 10/17/22 10/17/24 0.S5 4.620% $ 2,000,000.00 $ 2,000,000.00 FHLMC Callable 3134GXBB 4.000% 07/18/22 10/18/24 0.55 4.00096 $ 2,000,000.00 $ 2,000,000.00 FHLBCallable 3130APAA3 0.555% 10/21/21 10/21/24 0.56 0.555% $ 3,000,000.00 $ 3,000,000.00 FFCB Bullet 3133ENCA6 0.700% 10/25/21 10/25/24 0.57 0.700% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 9282CFQ9 4.375% 12/01/22 10/31/24 0.59 4.572% $ 3,000,000.00 $ 2,989,170.00 $ 16,000,000.00 FHLMC Callable 31346XRCO 3.000% 05/05/22 11/05/24 0.60 3.000% $ 3,000,000.00 $ 3,000,000.00 FNMA Callable 3135GHP9 5.100% 05/15/23 11/15/24 0.63 5.100% $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 3134GXK86 4.000% 08/18/22 11/18/24 0.64 4.000% $ 2,000,ODO.00 $ 2,000,0W.00 $ 8,000,000.00 FNMA Bullet 3135GOX24 1.625% 01/31/23 01/07/25 0.77 4.307% S 3,000,000.00 $ 2,852,250.00 FFCB Bullet 3133EPR31 4.875% 12/21/23 01/17/25 0.80 4.878% $ 3,000,000.0 $ 3,000,000.00 FHLBCallable 3130ATME4 5.000% 10/27/22 01/27/25 0.83 5.000% $ 2,000,000.00 $ 2,000,000.00 Treasury Note 91282CGGO 4.125% 03/03/23 01/31/25 0.84 4.954% $ 3,000,000.00 $ 2,955,000.00 Treasury Note 91282CGGO 4.125% 02/06/24 01/31/25 0.84 4.834% $ 3,000,000.00 $ 2,979,840.00 Treasury Note 9128283VO 2.500% 11/18/22 01/31/25 0.84 4.403% $ 3,000,000.00 $ 2,881,350.00 $ 17,000,000.00 FHLMC Callable 3134GYJ29 5.150% 02/17/23 02/14/25 0.88 5.195% $ 3,000,000.00 $ 2,997,450.00 Treasury Note 91282CDZ1 1.500% 08/17/23 02/15/25 0.88 5.175% $ 3,000,000.00 $ 2,843,370.00 Treasury Note 91282CDZ1 1.500% 11/18/22 02/15/25 0.88 4.413% $ 3,000,ODO.00 $ 2,815,320.00 Treasury Note 91282CGNS 4.625% 03/14/24 02/28/25 0.92 5.029% $ 3,000,000.00 $ 2,988,690.00 FHLMC Callable 3134GXSBB 4.000% 11/03/23 02/28/25 0.92 5.335% $ 3,000,000.00 $ 2,949,420.00 Treasury Note 912828ZC7 1.125% 11/30/22 02/28/25 0.92 4.398% $ 3,000,000.00 $ 2,791,875.00 $ 18,000,000.00 FFCB Bullet 3133EPFL4 4.000% 04/26/23 03/10/25 0.94 4.185% $ 3,000,000.00 $ 2,990,160.00 Treasury Note 91282CED9 1.750% 12/01/22 03/15/25 0.96 4.446% $ 3,000,000.00 $ 2,825,859.38 FFCB Bullet 3133EP4M4 5.000% 03/01/24 03/28/25 0.99 5.004% $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 3134GYUJ9 5.375% 06/28/23 03/28/25 0.99 5.380% S 3,000,000.00 $ 3,000,000.00 Treasury Note 91282CGU9 3.875% 12/SS/23 03/31/25 1.00 4.628% S 3,000,000.00 $ 2,971,800.00 Treasury Note 91282CGU9 3.875% 11/07/23 03/31/25 1.00 5.118% $ 3,000,000.00 $ 2,950,260.00 $ 18,000,000.00 Treasury Note 91282CEHO 2.625% 12/12/22 04/15/25 1.04 4.220% $ 3,000,000.00 $ 2,894,296.68 Treasury Note 91282CEHO 2.625% 11/03/23 04/15/25 1.04 5.124% $ 3,000,000.00 $ 2,896,590.00 FHLMC Callable 3134GYPCO 5.375% 11/03/23 04/24/25 1.07 5.485% $ 3,000,000.00 $ 2,995,320.00 FFCB Bullet 3133EPHE8 4.250% 11/09/23 04/28/25 1.08 5.165% $ 3,000,000.00 $ 2,961,600.00 Treasury Note 91282CGX3 3.875% 11/16/23 04/30/25 1.08 5.069% $ 3,000,000.00 $ 2,950,260.00 Treasury Note 9128284M9 2.875% 12/12/22 04/30/25 1.08 4.206% $ 3,000,000.00 $ 2,910,234.38 $ 18,000,000.00 Treasury Note 91282CEQO 2.750% 01/31/23 05/15/25 1.12 4.149% $ 3,000,000.00 $ 2,909,220.00 Treasury Note 91282CEQO 2.750% 08/17/23 05/15/25 1.12 5.064% $ 3,000,000.00 $ 2,865,340.00 Treasury Note 91282CHD6 4.250% 01/17/24 05/31/25 1.17 4.422% $ 3,000,000.00 $ 2,993,070.00 Treasury Note 91282CHD6 4.250% 12/06/23 OS/31/25 1.17 4.826% $ 3,000,000.00 $ 2,975,507.81 Treasury Note 9128284118 2.87S% 05/18/23 05/31/25 1.17 4.09096 $ 3,000,000.00 $ 2,929,440.00 $ 15,000,000.00 FNMA Callable 3135GAKH3 5.350% 12/08/23 06/06/25 1.18 5.350% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 91282CEU1 2.875% 02/17/23 06/15/25 1.21 4.500% $ 3,000,000.00 $ 2,893,425.00 Treasury Note 91282CEU1 2.875% 07/18/23 06/15/25 1.21 4.797% $ 3,000,000.00 $ 2,895,900.00 Treasury Note 91282CHLB 4.625% 03/01/24 06/30/25 1.25 4.841% $ 3,000,000.00 $ 2,991,562.50 Treasury Note 912828XZB 2.750% 07/18/23 06/30/25 1.25 4.769% $ 3,000,000.00 $ 2,868,388.00 Treasury Note 912828XZB 2.750% 03/24/23 06/30/25 1.25 3.825% $ 3,000,000.00 $ 2,930,390.63 $ 18,000,000.00 FHLBCallable 3130AYDFO 5.000% 01/05/24 07/01/25 1.25 5.000% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 91262CEY3 3.000% 03/24/23 07/15/25 1.29 3.811% $ 3,000,000.00 $ 2,946,562.50 Treasury Note 91282CEY3 3.000% 01/17/24 07/15/25 1.29 4.327% $ 3,000,000.00 $ 2,942,970.00 1oft 52 2 of 2 53 Schedule 2 Indian River County, Florida Board of County Commissioners Investment By Maturity Date March 31, 2024 03/31/24 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 3133EPQP3 5.330% 07/24/23 07/24/25 1.32 5.330% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 912828Y79 2.875% 02/06/24 07/31/25 1.33 4.586% $ 3,000,000.00 $ 2,927,295.00 Treasury Note 912828Y79 2.875% 05/18/23 07/31/25 1.33 4.011% $ 3,000,000.00 $ 2,928,690.00 $ 18,000,000.00 FFCB Callable 3133EPT07 5.370% 08/14/23 08/14/25 1.37 5.370% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 91282CFE6 3.125% 12/15/23 08/15/25 1.38 4.453% $ 3,000,000.00 $ 2,936,484.38 Treasury Note 91282CFE6 3.125% 09/12/23 08/15/25 1.38 5.005% $ 3,000,000.00 $ 2,897,695.31 FNMACallable 3135GACX7 3.850% 04/26/23 08/28/25 1.41 4.520% $ 3,000,000.00 $ 2,955,690.00 Treasury Note 91282CHV6 5.000% 09/19/23 08/31/25 1.42 5.048% $ 3,000,000.00 $ 2,997,300.00 Treasury Note 912828420 2.750% 05/26/23 08/31/25 1.42 4.331% $ 3,000,000.00 $ 2,898,690.00 $ 18,000,000.00 FHLB Callable 31308OH51 5.150% 03/15/24 09/12/25 1.45 5.150% $ 3,000,000.00 $ 3,000,000.00 FFCB Bullet 3133EPW8 5.000% 09/15/23 09/15/25 1.46 5.021% $ 3,000,000.00 $ 2,998,800.00 Treasury Note 91282CFK2 3.500% 05/26/23 09/15/25 1.46 4.326% $ 3,000,000.00 $ 2,946,093.75 Treasury Note 91282CFK2 3.500% 11/06/23 09/15/25 1.46 4.932% $ 3,000,000.00 $ 2,924,531.25 Treasury Note 912828500 3.000% 12/06/23 09/30/25 1.50 4.630% $ 3,000,000.00 $ 2,915,574.00 Treasury Note 9128285C0 3.000% 11/06/23 09/30/25 1.50 4.900% $ 3,000,000.00 $ 2,897,760.00 $ 18,000,000.00 Treasury Note 91282CFP1 4.250% 11/06/23 10/15/25 1.54 4.906% $ 3,000,000.00 5 2,963,906.25 Treasury Note 91282CFP1 4.250% 12/19/23 10/15/25 1.54 4.472% $ 3,000,000.00 $ 2,988,281.25 FHLMC Callable 3134H1QA4 4.850% 01/24/23 10/24/25 1.57 4.854% $ 3,000,000.00 $ 3,000,000.00 FNMA Callable 3135GA1T9 5.750% 10/30/23 10/30/25 1.58 5.750% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 91282C1E2 5.000% 11/14/23 10/31/25 1.59 5.067% $ 3,000,000.00 $ 2,996,250.00 $ 15,000,000.00 FFCB Callable 3133EPASS 5.490% 11/06/23 11/06/25 1.60 5.490% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 91282CFW6 4.500% 12/06/23 11/15/25 1.63 4.598% $ 3,000,000.00 $ 2,994,492.19 $ 6,000,000.00 FHLMC Callable 3134HSNW9 4.900% 01/11/24 01/06/26 1.77 4.900% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 91282CGES 3.875% 01/17/24 01/15/26 1.79 4.164% $ 3,000,000.00 $ 2,983,590.00 Treasury Note 91282CIV4 4.250% 02/22/24 01/31/26 1.84 4.593% $ 3,000,000.00 $ 2,981,015.63 $ 9,000,000.00 FNMACallable 3135GANF4 5.050% 02/06/24 02/06/26 1.85 5.050% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 91282CGL9 4.000% 12/12/23 02/15/26 1.88 4.672% $ 3,000,000.00 $ 2,958,600.00 Treasury Note 91282CGL9 4.000% 02/22/24 02/15/25 1.88 4.567% $ 3,000,000.00 $ 2,968,125.00 $ 9,000,000.00 Treasury Note 91282CGR6 4.625% 11/16/23 03/15/26 1.96 4.762% $ 3,000,000.00 $ 2,990,859.38 FNMA Callable 3135GAQRS S.OSO% 03/28/26 03/26/26 1.99 5.050% $ 3,000,000.00 $ 3,000,000.00 $ 6,000,000.00 Treasury Note 91282CGV7 3.750% 12/14/23 04/15/26 2.04 4.532% $ 3,000,000.00 $ 2,948,400.00 Treasury Note 91282CGV7 3.750% 11/17/23 04/15/26 2.04 4.678% $ 3,000,000.00 $ 2,937,180.00 $ 6,000,000.00 Treasury Note 91282CHB0 3.625% 12/14/23 05/15/26 2.12 4.505% $ 3,000,000.00 $ 2,940,000.00 Treasury Note 91282CHB0 3.625% 11/17/23 05/15/26 2.12 4.648% $ 3,000,000.00 $ 2,928,515.63 $ 6,000,000.00 Treasury Note 91282CHH7 4.125% 12/19/23 06/15/26 2.21 4.232% $ 3,000,000.00 $ 2,992,500.00 $ 3,000,000.00 Treasury Note 91282CHM6 4.500% 02/28/24 07/15/26 2.29 4.575% $ 3,000,000.00 $ 2,994,840.00 $ 3,000,000.00 Treasury Note 91282CHUS 4.375% 12/12/23 08/15/26 2.38 4.533% $ 3,000,000.00 $ 2,988,046.88 Treasury Note 91282CHUB 4.375% 03/14/24 08/15/26 2.38 4.470% $ 3,000,000.00 $ 2,993,436.00 FFCB Callable 3133EPTWS 5.100% 08/25/23 08/25/26 2.40 5.100% $ 3,000,000.00 $ 3,000,000.00 $ 9,000,000.00 FHLB Callable 3130AXSH7 5.500% 09/11/23 09/11/26 2.45 5.500% $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 3133EPWSO 5.200% 09/25/23 09/25/26 2.49 5.200% $ 3,000,000.00 $ 3,000,000.00 $ 6,000,000.00 FFCB Callable 3133EPM28 4.830% 12/11/23 12/11/26 2.70 4.830% $ 3,000,000.00 $ 3,000,000.00 $ 3,000,000.00 FNMACallable 3135GAL58 5.000% 01/05/24 01/04/27 2.76 5.000% $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 3133EPR80 5.000% 01/08/24 01/08/27 2.78 5.000% $ 3,000,000.00 $ 3,000,000.00 $ 6,000,000.00 FFCB Bullet 3133EP2T3 4.250% 02/12/24 02/12/27 2.87 4.259% $ 3,000,000.00 $ 2,988,780.00 $ 3,000,000.00 Sub Total- General Investments $ 381,000,000.00 $ 376,526,804.98 $ 381,000,000.00 Regions Bank Money Market $18,626,319.67 Regions Lockbox Accounts $659,678.35 TD Bank Checking Account $22,579,784.98 BankUnited Money Market $27,745,460.73 Valley National Bank Government Interest Checking $26,548,377.35 Marine Bank Business Money Market $5,242,773.68 Florida Trust Day t0 Day Fund $38,443,103.08 FL STAR $21,684,337.21 FL CLASS - BOCC Funds $38,332,907.03 Total General Cash & Equivalents - Unrestricted $ 576,389,547.06 Restricted Cash - Landfill FL CLASS -Landfill Closure 8 Postclosure Reserves $ 10,958,461.91 Total Pooled Cash & Equivalents $ 587,348,008.97 Restricted Cash - Housing Account $762,286.25 Total Portfolio $ 588,110,295.22 Note: See separate investment report for OPEB funds. 2 of 2 53 FL Trus 6.55% Tre Schedule 4 Indian River County Portfolio By Type March 31, 2024 lank 4.52% ink Checking 3.84% FHLB 10.04% =HLMC 6.63% 4.72% 55 Schedule 5 Indian River County Investment Purchases and Calis/Maturities Quarter Ending March 31, 2024 PURCHASES: Investment Description Yield to Maturity Purchase Date Call Date Maturity Date Par Amount Book Value FHLB Callable 5.000% 01/05/24 10/01/24 07/01/25 $ 3,000,000.00 $ 3,000,000.00 FNMA Callable 5.000% 01/05/24 10/04/24 01/04/27 $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 5.000% 01/08/24 01/08/25 01/08/27 $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 4.900% 01/11/24 01/06/25 01/06/26 $ 3,000,000.00 $ 3,000,000.00 Treasury Note 4.422% 01/17/24 01/24/24 05/31/25 $ 3,000,000.00 $ 2,993,070.00 Treasury Note 4.327% 01/17/24 07/15/25 $ 3,000,000.00 $ 2,942,970.00 Treasury Note 4.164% 01/17/24 01/15/26 $ 3,000,000.00 $ 2,983,590.00 FHLMC Callable 4.854% 01/24/23 10/24/24 10/24/25 $ 3,000,000.00 $ 3,000,000.00 FNMA Callable 5.050% 02/06/24 11/06/24 02/06/26 $ 3,000,000.00 $ 3,000,000.00 Treasury Note 4.834% 02/06/24 02/13/24 01/31/25 $ 3,000,000.00 $ 2,979,840.00 Treasury Note 4.586% 02/06/24 07/31/25 $ 3,000,000.00 $ 2,927,295.00 FFCB Bullet 4.259% 02/12/24 02/12/27 $ 3,000,000.00 $ 2,988,780.00 Treasury Note 4.593% 02/22/24 01/31/26 $ 3,000,000.00 $ 2,981,015.63 Treasury Note 4.567% 02/22/24 02/27/24 02/15/26 $ 3,000,000.00 $ 2,968,125.00 Treasury Note 4.575% 02/28/24 02/27/24 07/15/26 $ 3,000,000.00 $ 2,994,840.00 FFCB Bullet 5.004% 03/01/24 03/28/25 $ 3,000,000.00 $ 3,000,000.00 Treasury Note 4.841% 03/01/24 06/30/25 $ 3,000,000.00 $ 2,991,562.50 Treasury Note 5.029% 03/14/24 02/28/25 $ 3,000,000.00 $ 2,988,690.00 Treasury Note 4.470% 03/14/24 08/15/26 $ 3,000,000.00 $ 2,993,436.00 FHLB Callable 5.150% 03/15/24 12/12/24 09/12/25 $ 3,000,000.00 $ 3,000,000.00 FNMA Callable 5.050% 03/28/26 03/26/25 1 03/26/26 $ 3,000,000.00 $ 3,000,000.00 21 $ 63,000,000.00 $ 62,733,214.13 MATURITIES: Investment Description Yield to Maturi Purchase Date Early Call Date Maturity Date Par Amount Book Value FFCB Callable 5.570% 07/05/23 01/05/24 07/05/24 $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 5.070°% 01/11/23 01/11/24 $ 3,000,000.00 $ 3,000,000.00 Treasury Note 0.271% 07/09/21 01/15/24 $ 3,000,000.00 $ 2,989,050.00 Treasury Note 0.596% 11/16/21 01/15/24 $ 3,000,000.00 $ 2,969,700.00 FNMA Callable 5.750% 07/24/23 01/24/24 07/24/25 $ 3,000,000.00 $ 3,000,000.00 Treasury Note 4.675% 12/13/22 01/31/24 $ 3,000,000.00 $ 2,928,699.00 Treasury Note 2.588% 05/19/22 01/31/24 $ 2,000,000.00 $ 1,943,320.00 Treasury Note 2.158°% 03/23/22 01/31/24 $ 3,000,000.00 $ 2,930,190.00 FFCB Bullet 1.180% 02/09/22 02/09/24 $ 3,000,000.00 $ 3,000,000.00 FFCB Callable 5.620°% 11/13/23 02/13/24 11/13/25 $ 3,000,000.00 $ 3,000,000.00 Treasury Note 0.288°% 07/09/21 02/15/24 $ 3,000,000.00 $ 2,987,343.75 FHLB Callable 0.350% 08/23/21 02/23/24 $ 3,000,000.00 $ 3,000,000.00 FFCB Bullet 0.291% 09/14/21 02/26/24 $ 3,000,000.00 $ 2,997,000.00 FHLMC Callable 5.550% 11/30/23 02/27/24 02/27/25 $ 3,000,000.00 $ 3,000,000.00 FNMA Callable 5.570% 11/27/23 02/27/24 02/27/26 $ 3,000,000.00 $ 3,000,000.00 Treasury Note 5.194°% 03/03/23 02/29/24 $ 3,000,000.00 $ 2,912,100.00 Treasury Note 2.154% 03/23/22 02/29/24 $ 3,000,000.00 $ 2,962,968.75 FFCB Callable 1.670% 03/08/22 03/08/24 $ 3,000,000.00 $ 3,000,000.00 FHLB Callable 0.820% 12/14/21 03/14/24 $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 5.350% 03/14/23 03/14/24 03/14/25 $ 3,000,000.00 $ 3,000,000.00 Treasury Note 0.547% 10/19/21 03/15/24 $ 3,000,000.00 $ 2,978,700.00 Treasury Note 0.327% 08/23/21 03/15/24 $ 3,000,000.00 $ 2,994,090.00 FHLMC Callable 1.850% 03/22/22 03/22/24 $ 3,000,000.00 $ 3,000,000.00 FHLMC Callable 2.020% 03/30/22 03/28/24 $ 3,000,000.00 $ 3,000,000.00 24 $ 71 000 000.00 $ 70,593 161.50 Reconciliation of General Investments Only: Beginning portfolio (12/31/23) $ 384,386,752.35 Total purchased 21 securities $ 62,733,214.13 Total matured 24 securities $ 70,593,161.50 Ending portfolio for quarter 3/31/24 $ 376 526 804.98 loft 56 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 March 31, 2024 Fiscal Year 2018-2019 Net Chane Month End Bal* $ (6,577,674) $ 362,277,495 $ 48,128,205 $ 410,405,700 $ 31,350,078 $ 441,755,778 $ (9,877,034) $ 431,878,744 $ 2,964,540 $ 434,843,284 $ (2,750,051) $ 432,093,233 $ (3,802,746) $ 428,290,487 $ (8,379,243) $ 419,911,244 $ (9,758,699) $ 410,152,545 $ (13,728,763) $ 396,423,782 $ (11,767,333) $ 384,656,449 $ 5,342,336 $ 379,314,113 10,458, 944 28,286,769 Fiscal Year 2019-2020 Fiscal Year 2021-2022 Month End Bal* Net Chane $ 370,053,869 Month End Bal* $ 302,966 $ 428,626,379 $ 63,526,149 $ 492,152,528 $ 25,611,495 $ 517,764,023 $ 872,988 $ 518,637,011 $ (7,201,984) $ 511,435,027 $ (17,106,146) $ 494,328,881 $ (11,640,607) $ 482,688,274 $ (5,845,338) $ 476,842,936 $ (9,580,769) $ 467,262,167 $ 6,361,893 $ 473,624,060 $ (5,770,624) $ 467,853,436 $ 11,243,254 $ 456,610,182 28,286,769 Fiscal Year 2019-2020 Net Chane Month End Bal* $ (9,260,244) $ 370,053,869 $ 39,158,339 $ 409,212,208 $ 47,023,081 $ 456,235,289 $ (6,941,131) $ 449,294,158 $ (1,465,745) $ 447,828,413 $ (5,997,667) $ 441,830,746 $ (5,331,833) $ 436,498,913 $ (10,937,819) $ 425,561,094 $ (13,546,695) $ 412,014,399 $ (3,248,804) $ 408,765,595 $ (7,041,321) $ 401,724,274 $ 10,163,806 $ 391,560,468 $ 12,246,355 Fiscal Year 2022-2023 Net Change Month End Bal* $ (11,358,975) $ 445,251,207 $ 81,589,406 $ 526,840,613 $ 23,718,570 $ 550,559,183 $ (3,315,030) $ 547,244,153 $ (5,588,003) $ 541,656,150 $ (8,973,954) $ 532,682,196 $ (5,667,237) $ 527,014,959 $ (4,896,353) $ 522,118,606 $ (13,714,014) $ 508,404,592 $ (8,047,244) $ 500,357,348 $ (8,246,160) $ 492,111,188 $ (8,025,537) $ 484,085,651 $ 27,475,469 36,762,945 Fiscal Year 2020-2021 Net Chane Month End Bal* $ (8,561,737) $ 382,998,731 $ 39,238,741 $ 422,237,472 $ 57,117,548 $ 479,355,020 $ (6,119,043) $ 473,235,977 $ 12,395,392 $ 485,631,369 $ (12,127,894) $ 473,503,475 $ (9,006,651) $ 464,496,824 $ 295,126 $ 464,791,950 $ (5,748,174) $ 459,043,776 $ (11,764,390) $ 447,279,386 $ (11,517,721) $ 435,761,665 $ 7,438,252 $ 428,323,413 36,762,945 $ 103,520,743 *Schedule represents total assets in 801 fund -including portfolio accounts, FMV adjustments, cash in bank and utilities debt reserve. Excludes health insurance bank accounts utilized by Florida Blue 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. 57 Fiscal Year 2023-2024 Net Change Month End Bal* $ (8,145,759) $ 475,939,892 $ 42,826,990 $ 518,766,882 $ 87,015,826 $ 605,782,708 $ (13,694,107) $ 592,088,601 $ 8,819,498 $ 600,908,099 $ (13,301,705) $ 587,606,394 $ 103,520,743 *Schedule represents total assets in 801 fund -including portfolio accounts, FMV adjustments, cash in bank and utilities debt reserve. Excludes health insurance bank accounts utilized by Florida Blue 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. 57 NN N N N N N N N N N N N N I NI1 N N N N N N N N N N N NNN N OZ Wi$2-aa Q'y OZC-fLL7Q2-f Qy OZO-•iiE E f EE 9 mC O O 2 SE m H e XOXXpX.X}XXXXXX XXXXXXXXeeXXX XXe'v o e Em ytY q y ^ar �i umi 8A...NNm GCOO���NNCi �i t+f aIN�, N tWa, aNf, tma, tma, O>N�r7, O ddOddddOmmmm ONN ONi N mmO d dR U vmOV� m c m E eXX �yrm��mXXMXOXONXm XXX Xm X XdXmXrdr XmmXaarXNmX�mp Xyymr Xmmmrr XapWO Xm4t 29 Xm9Ot�f9O mvN HOA..0000.6 NGaNa 7 CV N N No— 1OOpONNa .. CV N N d E d m Y M mNONO m NNNtD �aN CODN NaN N r^ 1mm0 rl mN�Nm mMN mO1��eN 'D W m O m m m N N M O N P0 0 0-_ N N N m 0 aa V 0 0 0 NNN N � H N N N N H N N H N N N ----------- N N N N N N N N N N N N « — -- NNNN N4XXXXXXXX 4 e, g g g, ae e ag e 2 m m � 0000000NNNN 000000cooco s IN IN en NN�n-�«� N N W N W W pE =W ........... 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N N N N <-.M% N .. 666 Q � m «a W im mIISNoNN amm�v'�rm maMN r`ro �el NnNmo�3S��mm gi `oi inae a G . . . Im I n 11.���N - N N N N N N N H H N N H N N N N M M M W N N N N N N M N H NN N N N N N N N N N N N N I NI1 N N N N N N N N N N N NNN N OZ Wi$2-aa Q'y OZC-fLL7Q2-f Qy OZO-•iiE E f EE 9 mC O O 2 SE m H Schedule 8 Indian River County Allocation of Pooled Cash and Investments By Fund Types Balance in Funds as of March 31, 2024 General Fund Special Revenue Funds Debt Service Funds Capital Project Fund Solid Waste Fund Golf Course Fund Building Fund Utilities Funds Fleet Fund Insurance Funds Information Technology Fund Fiduciary Fund Total Investments Pooled Investments $ 146,777,653 $ 147,529,209 $ 487,526 $ 104,622,266 $ 40,372,902 $ 4,152, 383 $ 7,122,366 $ 84,613,497 $ 180,443 $ 46,152,106 $ 3,062,805 $ 2,533,238 $ 587,606,394 Schedule includes all pooled investments, FMV adjustments, and cash in bank. Excludes Section 8 HUD bank account. Schedule does not include OPEB investments - see separate report. 59 Ryan L. Butler Clerk of Circuit Court & Comptroller 1801 27th Street Vero Beach, FL 32960 Telephone: (772) 226-3100 TO: Board of County Commissioners (acting as Board of Trustees of OPEB Trust) FROM: Elissa Nagy, Chief Deputy Comptroller THRU: Ryan L. Butler, Clerk of the Circuit Court and Comptroller DATE: May 10, 2024 SUBJECT: Quarterly OPEB Trust Report for Quarter Ending 3/31/2024 Attached please find a summary report consisting of the composition and investment return of the OPEB Trust for the second quarter of fiscal year 2024. These funds are held in trust by our custodian BNY/Mellon. This report was reviewed by our investment advisory committee on May 9, 2024. RECOMMENDATION Staff recommends that the Board of County Commissioners accept the attached Quarterly OPEB Trust Report. 60 H 3 L 3 a 0 C7 VI A v Q d � c d o cl a I O N N O O O ,ti N N m O m O O O O 2!F S O V d ~ O O O O _ N O N m m O O O .y 0 0 N T VI R t0 V1 N lD R V n N E oo O O vt vl n W ry Oi m n n m n �D N N a m W vt m m vt m n n vv -o- �- w n n O V1 l0 m VI m N .-I N Ili N Ol lD Vi V} n b N b m T N T T Vl M VT VY T N > > a N > ti o o° V 2 d O d N m T N 01 N Vf m N ,-i O Cc w pa L i « 1 V6O> a d w O E~o rae X ae E O mc m m Els n ° m d a o c `m L a LT V1 Vl V} Vf Vf m o a o m n a ry o t0 �O cl T O n a0 o L o p vt N m o m 1° N� m N m m Y y tD �O 00 M 1p O 01 O n n � M 0? N m ~ N C d m m mO o 0 0 o c m e O_ �0 �n �/1 mN Q� a N V1 N o 0 V vt 0 N a �D t0N pi 01 n at O O lO W O O O W VI O O d V} � � vi ai m to IR ry N n N N ri W a 0 C7 VI A v Q d � c d o cl a I O N N � v ti J H Y W 2!F W V d ~ O � > > O O _ co u O `o N r w N a7j a d E oo O O _ 2 LL f� v �= an m ✓1 L L L L L L cc c c c 0 0 0 0 0 0 E y 00 a vv -o- �- w -E r E d o LL '0 > > a N > ti o o° V 2 d O d 0 ~ v1 O O vt O O O O d N LA N N O O Cc w pa L i « 1 V6O> a d w O E~o rae X ae E O m Els n o a 0 C7 VI O O n i0lnl O c v i s d F co o J a� a° S LL f vEi W ti E E r �17� � A o w c c c m X m Q � Q d � c C o cl a I O N N � v ti J H Y W 2!F W V d ~ O � > > O O _ co u O `o N w N a7j a d E oo O O _ 2 H ZD Vf LL H N an m ✓1 L L L L L L cc c c c 0 0 0 0 0 0 L L L o c0 c0 L L L c c 0 0 0 E E E E E E m m m m m m E E E m m m E E m m O O n i0lnl O c v i s d F co o J a� a° S LL f vEi W ti E E r �17� � A o w c c c m W T 00 N ut tO m ul V v n n O o cl a I O N N a a m 0 O O n i0lnl O c v i s d F co o J a� a° S LL f vEi W ti E E r �17� � A o w c c c m Ryan L. Butler Clerk of Circuit Court & Comptroller P.O. Box 1028 Vero Beach, FL 32961-1028 Telephone: (772) 226-3100 TO: Board of County Commissioners FROM: Irene Haas, Accounting Supervisor THRU: Ryan L. Butler, Clerk of the Circuit Court and Comptroller DATE: May 6, 2024 SUBJECT: Quarterly Tourist Development Tax Report for Quarter Ending 3/31/2024 BACKGROUND Attached to this memorandum is the report of the Tourist Development Tax monies collected in the Clerk's office for quarters ended March 31, 2023 and 2024. RECOMMENDATION Staff recommends that the Board of County Commissioners accept the attached Quarterly Tourist Development Tax Report. 62 ^y N \O o^o Go n 00 n W F. O .N. --� �Gy.6s M �O N CONSENT AGENDA INDIAN RIVER COUNTY INTER -OFFICE MEMORANDUM OFFICE OF MANAGEMENT & BUDGET TO: Members of the Board of County Commissioners DATE: May 23, 2024 THROUGH: John A. Titkanich Jr., County Administrator FROM: Kristin Daniels, Director, Office of Management & Budget SUBJECT: Tourist Development Council 2024/2025 Budget Recommendations DESCRIPTION AND CONDITIONS On May 22, 2024, the Tourist Development Council (TDC) reviewed budget requests for fiscal year 2024/2025 to be paid from Tourist Tax revenues. The budget requests are listed in the table below. File copies of the applications for each agency are available in the Budget Office for review. Table 1 TOURIST DEVELOPMENT COUNCIL AGENCY REQUESTS Fiscal Year 2024/2025 Funding Applications Organization 2023/2024 Funding 2024/2025 Request Increase Decrease % Increase Decrease Indian River County Chamber of Commerce $932,170 $926,748 $5,422 -0.6% Sebastian River Area Chamber of Commerce $212,530 $252,143 $39,613 18.6% Cultural Council $65,000 $70,000 $5,000 7.7% Historical Society $32,000 $50,000 $18,000 56.3% Treasure Coast Sports Commission $280,000 $280,000 $0 0.0% Vero Heritage $34,000 $30,600 $3,400 -10.0% Coastal Connections $15,000 $16,000 $1,000 6.7% Sub Total $1,570,700 $1,625,491 $54,791 3.5% Reserve for Contingency $108,081 1 $128,081 1 $20,000 18.5% Grand Total $1,678,781 1 $1,753,572 1 $74,791 4.5% 64 Board of Commissioners Page 2 of 2 May 23, 2024 Funding and Analysis Staff estimates total funding of $1,703,572 available for distribution to tourism development agencies in FY 24/25. As of the most recent April 2024 monthly report, Tourist Tax revenues are down when compared to last year's collections by 8.1% or $243,508; however, they are exceeding budgeted estimates by 12.9% or $315,084. Because Tourist Tax revenues have been declining and continue to align closer to budgeted projections over the past fiscal year, Staff proposes the budget be increased by 1.5%, or $24,791, leaving Tourist Tax revenues flat, increasing the budget to reflect the rise in interest income, and utilizing $2,941 in cash to balance (as requested by the TDC). On February 2, 2021 the Board of County Commissioners approved allocating 1/3rd of the half - cent of Tourist Tax revenue proceeds made available from funding the Jackie Robinson Training Complex, to the Tourism Development Fund. Furthermore, a Reserve for Contingency was set up to earmark 75% of the additional funding per Board direction. The Reserve for Contingency account is budgeted at $128,081, which is intended to fund any mid -year adjustments or unanticipated funding opportunities that may arise over the upcoming budget. The funding amounts agreed to at the TDC meeting, following completion of scoring sheets by TDC members, are summarized in Table 2 below. Following a motion made by Mrs. Bates and seconded by Mrs. Smalley, the funding levels were approved with a 6-0 vote, utilizing $2,941 in cash to balance the request. Table 2 TOURIST DEVELOPMENT COUNCIL Fiscal Year 2024/2025 TDC's Funding Recommendation Organization 2023/2024 Fundi n 2024/2025 Recommendation Increase Decrease(Decrease) % Increase Indian River County Chamber of Commerce $932,170 $926,748 $5,422 -0.6% Sebastian River Area Chamber of Commerce $212,530 $252,143 $39,613 18.6% Cultural Council $65,000 $40,000 $25,000 -38.5% Historical Society $32,000 $45,000 $13,000 40.6% Treasure Coast Sports Commission $280,000 $270,000 $10,000 -3.6% Vero Heritage $34,000 $30,600 $3,400 -10.0% Coastal Connections $15,000 $11,000 $4,000 -26.7% Sub Total $1,570,700 $1,575,491 $4,791 0.3% Reserve for Contingency $108,081 $128,081 $20,000 18.5% Grand Total $1,678,781 $1,703,572 $24,791 1.5% RECOMMENDATION Staff recommends that the Board of County Commissioners approve the funding amounts recommended by the Tourist Development Council as shown in Table 2 for a total allocation of $1,703,572 and authorize the County Attorney to prepare standard grant agreements for all funding recipients. 65 CONSENT AGENDA Indian River County Inter -Office Memorandum Office of Management and Budget To: Members of the Board of County Commissioners Date: May 26,2024 Through: John A. Titkanich Jr., County Administrator From: Kristin Daniels, Director, Office of Management & Budget Subject: General Obligation Bonds, Series 2024 Supplemental Resolution Description and Conditions On November 8, 2022, voters approved a referendum allowing for the issuance of up to $50,000,000 of general obligation bonds by the County, payable from ad valorem taxes, to acquire and permanently preserve environmentally significant lands to restore the Indian River Lagoon, protect water resources, natural areas, wildlife habitat, drinking water resources, and construct public access improvements related thereto. On January 31, 2023, the Board of County Commissioners approved Resolution 2023-004 which authorized the issuance of general obligation bonds in an aggregate amount not to exceed $50,000,000 under the terms set forth therein to finance the cost of acquiring and preserving environmentally sensitive lands and constructing public access improvements related thereto within the County as further described therein. The full faith, credit and taxing power of the County is pledged for the payment of principal and interest on the bonds, and a direct annual tax shall be levied upon all taxable property within the County to make such payments. Resolution 2023-004 provided for the issuance of the bonds in one or more series with further details of the bonds to be approved by supplemental resolution, and further authorized the commencement of validation proceedings for the validation of the general obligation bonds. The general obligation bonds were validated by judgement on April 27, 2023. The 2024 Supplemental Resolution, a resolution supplementing Resolution Number 2023-004, is being presented to the Board of County Commissioners to authorize the issuance of the first series of general obligation bonds. This supplemental resolution provides for the issuance of the General Obligation Bonds, Series 2024 in an aggregate principal amount not exceeding $25,000,000. The Series 2024 Bonds are being authorized to be sold at public sale by competitive bid. A Summary Notice of Sale is being authorized to be published at least ten (10) days prior to the date of sale. An Official Notice of Sale and a Preliminary Official Statement are being authorized to be used in connection with the sale of the Series 2024 Bonds. A Continuing Disclosure Certificate is also being authorized in connection with the Series 2024 Bonds issuance. In approving the 2024 Supplemental Resolution, the County Administrator or his designee is delegated the authority to award the Series 2024 Bonds to the responsive bidder offering to purchase the Bonds at the lowest true interest cost to the County, which in no event shall exceed five percent (5.00%), and with a final maturity date no later than twenty (20) years following the date of issuance of the bonds. 66 Recommendation Staff recommends that the Board of County Commissioners approve the 2024 Supplemental Resolution, which authorizes the sale and issuance of up to $25,000,000 of General Obligation Bonds, Series 2024. Attachments 2024 Supplemental Resolution Exhibit A — Form of Summary Notice of Sale Exhibit B — Form of Official Notice of Sale Exhibit C — Form of Preliminary Official Statement Exhibit D — Form of Continuing Disclosure Certificate 67 EXECUTION COPY RESOLUTION NO. 2024 - RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, SUPPLEMENTING RESOLUTION NO. 2023-004 OF THE COUNTY; AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $25,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF INDIAN RIVER COUNTY, FLORIDA GENERAL OBLIGATION BONDS, SERIES 2024, IN ORDER TO FINANCE THE COST OF ACQUIRING AND PRESERVING ENVIRONMENTALLY SENSITIVE LANDS AND CONSTRUCTING PUBLIC ACCESS IMPROVEMENTS RELATED THERETO WITHIN THE COUNTY; MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF SUCH BONDS; PROVIDING CERTAIN TERMS AND DETAILS OF SUCH BONDS; AUTHORIZING THE COUNTY ADMINISTRATOR OR THE CHIEF DEPUTY COMPTROLLER OF THE COUNTY TO PUBLISH A SUMMARY NOTICE OF SALE AND TO RECEIVE BIDS PURSUANT TO A COMPETITIVE SALE OF SAID BONDS AND AWARD THE SALE OF SAID BONDS TO THE RESPONSIVE BIDDER OR BIDDERS OFFERING THE LOWEST TRUE INTEREST COST TO THE COUNTY, WHICH SHALL NOT EXCEED FIVE PERCENT (5.00%); AUTHORIZING THE EXECUTION AND DELIVERY OF SAID BONDS; APPOINTING THE PAYING AGENT AND REGISTRAR WITH RESPECT TO SAID BONDS; APPROVING THE PREPARATION AND USE OF A SUMMARY NOTICE OF SALE, AN OFFICIAL NOTICE OF SALE, A PRELIMINARY OFFICIAL STATEMENT AND FINAL OFFICIAL STATEMENT; AUTHORIZING THE ELECTRONIC DISSEMINATION OF THE PRELIMINARY OFFICIAL STATEMENT AND OFFICIAL STATEMENT; AUTHORIZING THE EXECUTION AND DELIVERY OF A CONTINUING DISCLOSURE CERTIFICATE; AND PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: SECTION 1. FINDINGS. It is hereby found and determined that: 68 (A) On January 31, 2023, the Board of County Commissioners of Indian River County, Florida (the "County" or "Issuer") duly adopted Resolution No. 2023-004 (the "Original Resolution"). All capitalized terms not otherwise defined herein shall have the meanings set forth in the Original Resolution. (B) The Original Resolution, as previously supplemented and as supplemented hereby, is referred to herein as the 'Bond Resolution." (C) The Original Resolution provides for the issuance ofbonds thereunder, upon meeting the requirements set forth in the Original Resolution. (D) The County deems it to be in the best interests of its citizens and taxpayers to issue its General Obligation Bonds, Series 2024 (the 'Bonds") for the purpose of financing the acquisition and preservation of environmentally sensitive lands and the construction of public access improvements with respect thereto within the County, as identified by resolution of the County (the "Project," as described in the Original Resolution). (E) The principal of and interest on the Bonds and all required sinking fund, reserve and other payments shall be general obligations of the County, secured by the full faith and credit of the County and the Ad Valorem Taxes, as provided in the Bond Resolution. (F) The County deems it necessary: (i) to fix the date, denominations, amount and maturities of the Bonds, (ii) to authorize the publication of a Summary Notice of Sale in The Bond Bur or such other publication as directed by the County Administrator, (iii) to approve the form and authorize the use of an Official Notice of Sale, Preliminary Official Statement and a final Official Statement, (iv) to authorize the County Administrator or the Chief Deputy Comptroller of the County to award the Bonds to the best bidder or bidders upon the terms and conditions and subject to the limitations set forth herein and the Official Notice of Bond Sale, (v) to appoint a Bond Registrar and Paying Agent, and (vi) to approve the form of a continuing disclosure undertaking. (G) The Original Resolution provides that the Bonds shall mature on such dates and in such amounts, shall bear such rates of interest, shall be payable in such places and shall be subject to such redemption provisions as shall be determined by Supplemental Resolution adopted by the County; and it is now appropriate that the County determine parameters for such terms and details. SECTION 2. AUTHORITY FOR THIS SUPPLEMENTAL RESOLUTION. This Supplemental Resolution is adopted pursuant to Articles II and VII of the Original Resolution, the provisions of the Act (as defined in the Original Resolution) and other applicable provisions of law. SECTION 3. AUTHORIZATION AND DESCRIPTION OF THE BONDS. The County hereby determines to issue a series of Bonds in an aggregate principal amount not exceeding $25,000,000, the exact principal amount to be as authorized by the Official Notice of Sale, to be known as its "General Obligation Bonds, Series 2024," for the principal purpose of financing the Cost of the Project. 2 69 The Bonds shall be dated as of their date of delivery, shall be issued as fully registered Bonds, numbered consecutively from one upward in order of maturity with the prefix "R"; shall bear interest from their date of delivery, payable semi-annually, on (except as otherwise established by the County Administrator based on advice of the County's Financial Advisor) January 1 and July 1 of each year, commencing on January 1, 2025, at such rates and maturing in such amounts on July 1 of such years (except as otherwise established by the County Administrator based on advice of the County's Financial Advisor) as to be set forth in the Official Notice of Sale. The Bonds shall be issued in denominations of $5,000 and any integral multiple thereof. Each Bond shall bear interest from the Interest Date next preceding the date on which it is authenticated, unless authenticated on an Interest Date, in which case it shall bear interest from such Interest Date, or, unless authenticated prior to the first interest payment date, in which case it shall bear interest from its date; provided, however, that if at the time of authentication interest is in default, such Bond shall bear interest from the date to which interest shall have last been paid. The interest on the Bonds shall be calculated on the basis of a 360 -day year comprised of twelve 30 -day months. The principal of and the interest on the Bonds shall be payable in any coin or currency of the United States of America which on the respective dates of payment thereof is legal tender for the payment of public and private debts. The principal of the shall be payable only to the registered Holder or his legal representative at the principal corporate trust office of the Paying Agent, and payment of the interest on the shall be made by the Paying Agent on each interest payment date to the person appearing on the registration books of the Issuer hereinafter provided for as the registered Holder thereof, by electronic means, draft or check mailed to such registered Holder at his address as it appears on such registration books. Payment of the principal on all Bonds shall be made upon the presentation and surrender of such Bonds as the same shall become due and payable. The Bonds shall be subject to redemption prior to maturity as set forth below: The Bonds maturing on July 1, 2035, and thereafter are redeemable at the option of the County from any legally available source, in whole or in part and if in part, in any order of maturity selected by the County, at its discretion, and by lot within a maturity if less than an entire maturity is to be redeemed, on July 1, 2034, or at any time thereafter, at a redemption price equal to the principal amount of the Bonds to be redeemed, together with accrued interest to the date fixed for redemption. Notwithstanding the foregoing, if the County's Financial Advisor, upon consultation with the Chief Deputy Comptroller of the County, determines that market conditions require different or no optional redemption provisions for the Bonds or for certain maturities of the Bonds, such different optional redemption provisions or the exclusion of certain or all maturities of the Bonds from such optional redemption provisions will be deemed approved by the County so long as the maximum redemption premium does not exceed 1% and the first optional redemption period, if any, is not more than eleven (11) years from the date of issuance of the Bonds if the Bonds are to be subject to optional redemption. Any bonds which are designated as Term Bonds in accordance with the Official Notice of Sale shall also be subject to mandatory redemption prior to maturity by lot, in such manner as the 3 70 Registrar may deem appropriate, on July 1(subject to adjustment as described above), in such years, at a price of par plus accrued interest to the date of redemption, in the annual amounts established by the winning bidder in consultation with the County's Chief Deputy Comptroller and Financial Advisor. A book -entry -only system of registration is hereby authorized for the Bonds. So long as the Issuer shall maintain a book -entry -only system with respect to the Bonds, the following provisions shall apply: A blanket issuer letter of representations (the "BLoR") was entered into by the County with The Depository Trust Company ("DTC"). It is intended that the Bonds be registered so as to participate in a global book -entry system with DTC as set forth herein and in such BLoR. The terms and conditions of such BLoR shall govern the registration of the Bonds. The Bonds shall be initially issued in the form of a single fully registered Bond for each maturity of such Series. Upon initial issuance, the ownership of such Bonds shall be registered by the Registrar in the name of Cede & Co. (DTC's partnership nominee) or such other name as may be requested by an authorized representative of DTC. So long as any Bond is registered in the name of DTC (or its nominee), the Issuer, the Registrar and the Paying Agent may treat DTC (or its nominee) as the sole and exclusive holder of such Bonds registered in its name, and all payments with respect to the principal or redemption price of, if any, and interest on such Bond ("Payments") and all notices with respect to such Bond ("Notices") shall be made or given, as the case may be, to DTC. Transfers of Payments and delivery ofNotices to DTC Participants shall be the responsibility of DTC and not of the Issuer, subj ect to any statutory and regulatory requirements as may be in effect from time to time. Transfers of Payments and delivery of Notices to beneficial owners of the Bonds by DTC Participants shall be the responsibility of such participants, indirect participants and other nominees of such beneficial owners and not of the Issuer, subject to any statutory and regulatory requirements as may be in effect from time to time. Upon (a) receipt by the Issuer of written notice from DTC (i) to the effect that a continuation of the requirement that all of the Outstanding Bonds be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, is not in the best interest of the beneficial owners of the Bonds or (ii) to the effect that DTC is unable or unwilling to discharge its responsibilities and no substitute depository willing to undertake the functions of DTC hereunder can be found which is able to undertake such functions upon reasonable and customary terms, (b) termination, for any reason, of the agreement among the County, the Registrar and Paying Agent and DTC evidenced by the BLoR, or (c) determination by the Issuer that such book -entry only system should be discontinued by the County, and compliance with the requirements of any agreement between the Issuer and DTC with respect thereto, the Bonds shall no longer be restricted to being registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, but may be registered in whatever name or names Holders shall designate, in accordance with the provisions hereof. In such event, the County shall issue and the Registrar shall authenticate, transfer and exchange Bonds consistent with the terms hereof, in denominations of $5,000 or any integral multiple thereof to the Holders thereof. The foregoing notwithstanding, until such time as participation in the book -entry only system is discontinued, the provisions set forth in the BLoR 4 71 shall apply to the registration and transfer of the Bonds and to Payments and Notices with respect thereto. SECTION 4. AUTHORIZATION OF THE PROJECT. The acquisition and construction of the Project (including the reimbursement to the Issuer of certain costs incurred with respect thereto), is hereby authorized by the Issuer. SECTION 5. SALE OF THE BONDS. The County Administrator and/or Chief Deputy Comptroller, or his or her designee, is hereby authorized and directed to sell the Bonds at public sale by competitive bid and to publish the Summary Notice of Sale in the form attached hereto as Exhibit A in The Bond Baer or such other publication as directed by the County Administrator or his designee at least ten (10) days prior to the date of sale, which date of sale shall be determined by the Chief Deputy Comptroller or her designee, in consultation with the County's Financial Advisor, in an effort to achieve the lowest interest cost for the County. The Official Notice of Sale attached hereto as Exhibit B and the Preliminary Official Statement attached hereto as Exhibit C are each hereby approved and authorized to be used in connection with the sale of the Bonds. The Preliminary Official Statement, upon advice of the County Administrator, is hereby deemed final for purposes of Rule 15c2-12 of the Securities and Exchange Commission (the "Rule"). The Preliminary Official Statement and Official Statement (as defined below) are authorized to be made available by electronic means. The Preliminary Official Statement, as amended on the date of sale of the Bonds to delete the preliminary language and as further amended to reflect the actual interest rates and reoffering terms and any changes of maturities or amounts and with such additional correcting and conforming changes as shall be approved by the County Administrator, is hereinafter referred to as the "Official Statement," and as promptly as possible following the sale and within seven (7) business days of the date of sale of the Bonds, the County agrees to make available to the Underwriters of the Bonds a sufficient number of copies of the Official Statement as necessary to enable such purchasers to comply with the Rule. The Chairman and County Administrator are authorized to execute the Official Statement on behalf of the County, with such changes, completions and amendments as they shall determine are necessary or desirable. The County Administrator or his designee is hereby delegated the authority to award the Bonds to the responsive bidder offering to purchase the Bonds at the lowest true interest cost to the County, which in no event shall exceed five percent (5.00%), calculated as provided in the Official Notice of Bond Sale, and with a final maturity date of no later than twenty (20) years following the date of issuance of the Bonds. SECTION 6. APPLICATION OF BOND PROCEEDS. The proceeds, including accrued interest and premium, if any, received from the sale of the Bonds shall be applied by the Issuer simultaneously with the delivery of such Bonds to the purchaser, as follows: A. Capitalized interest, if any, shall be deposited into the Sinking Fund and shall be used only for the purpose of paying interest becoming due on the Bonds. 5 %p -j B. A portion of the Bond proceeds shall be deposited in the Project Fund. The Issuer covenants and agrees to establish a separate account within the Project Fund to be known as the "Indian River County, Florida General Obligation Bonds, Series 2024 Project Account" (hereinafter referred to as the "2024 Project Account") which shall be used only for the payment of the cost of the Project. Moneys in the 2024 Project Account until applied in payment of any item of the cost of the Project, shall be held in trust by the Issuer and shall be subject to a lien and charge in favor of the Holders of the Bonds, and for the further security of such Holders. C. To the extent not paid by the original purchaser of the Bonds, the Issuer shall pay all costs and expenses in connection with the issuance, sale and delivery of the Bonds. SECTION 7. CONTINUING DISCLOSURE CERTIFICATE. In order to enable the Underwriter to comply with the provisions of the Rule relating to secondary market disclosure, the County Administrator is hereby authorized and directed to execute and deliver the Continuing Disclosure Certificate in the name and on behalf of the County substantially in the form attached hereto as Exhibit D, with such changes, amendments, omissions and additions as shall be approved by the Chairman, her execution and delivery thereof being conclusive evidence of such approval. SECTION S. APPOINTMENT OF REGISTRAR AND PAYING AGENT. U.S. Bank Trust Company, National Association, Jacksonville, Florida, is hereby designated Registrar and Paying Agent for the Bonds. The Chairman and the Clerk are hereby authorized to enter into any agreement which may be necessary to effect the transactions contemplated by this Section 7. SECTION 9. GENERAL AUTHORITY. The members of the Board of the County Commission and the officers, attorneys and other agents or employees of the County are hereby authorized to do all acts and things required of them by this Supplemental Resolution or the Original Resolution, or desirable or consistent with the requirements hereof or the Original Resolution, including the execution of such documents necessary to establish a book -entry system of registration with respect to the Bonds, for the full punctual and complete performance hereof or thereof. Each member, employee, attorney and officer of the County is hereby authorized and directed to execute and deliver any and all papers and instruments and to be and cause to be done any and all acts and things necessary or proper for carrying out the transactions contemplated hereunder. The County Administrator and/or the Clerk or any designees thereof are hereby authorized to execute such tax forms or agreements as shall be necessary to effect the transactions contemplated hereby, including designating Bond Counsel to assist or act as agent with respect thereto. SECTION 10. ORIGINAL RESOLUTION TO CONTINUE IN FORCE. Except as herein expressly provided, the Original Resolution and all the terms and provisions thereof, including the covenants contained therein, are and shall remain in full force and effect. SECTION 11. SEVERABILITY AND INVALID PROVISIONS. If any one or more of the covenants, agreements or provisions herein contained shall be held contrary to any express provision of law or contrary to the policy of express law, even though not expressly prohibited, or against public policy, or shall for any reason whatsoever be held invalid, then such covenants, agreements or provisions shall be null and void and shall be deemed separable from the remaining D W covenants, agreements or provisions and shall in no way affect the validity of any of the other covenants, agreements or provisions hereof or the Bonds issued hereunder. SECTION 12. EFFECTIVE DATE. This Supplemental Resolution shall become effective immediately upon its adoption. The foregoing resolution was offered by Commissioner adoption. The motion was seconded by Commissioner vote, the vote was as follows: Chairman Susan Adams Vice -Chairman Joseph E. Flescher Commissioner Joseph Earman Commissioner Deryl Loar Commissioner Laura Moss who moved its and, upon being put to a The Chairman thereupon declared the resolution passed and adopted this 4th day of June, 2024. ATTEST: Ryan L. Butler, Clerk of Court and Comptroller Un Deputy Clerk Approved as to Form and Legal Sufficiency William K. DeBraal, County Attorney 7 BOARD OF COUNTY COMMISSSIONERS OF INDIAN RIVER COUNTY, FLORIDA M. Susan Adams, Chairman 74 EXHIBIT A FORM OF SUMMARY NOTICE OF SALE 75 EXHIBIT B FORM OF OFFICIAL NOTICE OF SALE 76 EXHIBIT C FORM OF OFFICIAL STATEMENT 77 EXHIBIT D FORM OF CONTINUING DISCLOSURE CERTIFICATE 78 EXHIBIT A FORM OF SUMMARY NOTICE OF SALE 79 NGN DRAFT No.4: 5/21/24 262.14 SUMMARY NOTICE OF SALE $25,000,000* Indian River County, Florida General Obligation Bonds, Series 2024 Bids for the above captioned bonds will be received by Indian River County, Florida (the "County") via Parity until 11:00 A.M. (the "Submittal Deadline"), Eastern time, June 20, 2024 or such other date as may be established by the County Administrator or Chief Deputy Comptroller of the County or their respective designee no less than ten (10) days after the date of publication of this notice and communicated by Thomson Municipal Market Monitor not less than twenty (20) hours prior to the time bids are received (the "Bid Date"). Such bids are to be opened in public as soon as practical after the Submittal Deadline on said day for the purchase of the Indian River County, Florida General Obligation Bonds, Series 2024 (the "2024 Bonds"). The 2024 Bonds will mature as specified in the Official Notice of Sale. Proceeds of the 2024 Bonds shall be used for the purpose of (i) financing the acquisition and preservation of environmentally sensitive lands and the construction of public access improvements with respect thereto within the County and (ii) paying the costs of issuing the 2024 Bonds. The approving opinion of Nabors, Giblin & Nickerson, P.A., Tampa, Florida, Bond Counsel, will be furnished to the successful bidder at the expense of the County. Electronic copies of the Preliminary Official Statement and the Official Notice of Sale relating to the 2024 Bonds may be obtained at the website address [www.munios.com]. Printed, bound copies of the Preliminary Official Statement will be available on a limited basis from the County's Financial Advisor, Joel Tindal, Hilltop Securities, Inc., 450 South Orange Avenue, Suite 225, Orlando, Florida 32801, telephone 407/426-9611, email joel.tindal(&,hilltopsecurities.com. For more information about the Parity electronic platform, potential bidders may call Parity at 212/849-5021. Indian River County, Florida John A. Titkanich, Jr. County Administrator Dated: June 7, 2024 *Preliminary, subject to change. 80 EXHIBIT B FORM OF OFFICIAL NO'T'ICE OF SALE NGN DRAFT NoA: 5/21/24 262.14 OFFICIAL NOTICE OF SALE $25,000,000* INDIAN RIVER COUNTY, FLORIDA GENERAL OBLIGATION BONDS, SERIES 2024 The Indian River County, Florida General Obligation Bonds, Series 2024 (the "2024 Bonds") are being offered for sale in accordance with this Official Notice of Sale. Notice is hereby given that bids will be received by Indian River County, Florida (the "Issuer" or the "County") for the purchase of the 2024 Bonds via the Parity Bid Submission System ("Parity") in the manner described below until 11:00 A.M., Eastern time, on June 20, 2024, or on such other date and/or time as will be established by the County Administrator or Chief Deputy Comptroller of the County or their respective designee and communicated by Thomson Municipal Market Monitor not less than 20 hours prior to the time the bids are to be received. To the extent any instructions or directions set forth on Parity conflict with this Official Notice of Sale, the terms of this Official Notice of Sale shall control. For further information about Parity, and to subscribe in advance of the bid, potential bidders may contact Parity at (212) 849-5021. The use of Parity shall be at the bidder's risk and expense, and the Issuer shall have no liability with respect thereto. BOND DETAILS The description of the 2024 Bonds, the purpose thereof and the security therefor, as set forth in this Official Notice of Sale, is subject in its entirety to the disclosures made in the Preliminary Official Statement. See "DISCLOSURE INFORMATION" herein. The 2024 Bonds will be issued as fully registered bonds, and when executed and delivered, will be registered in the name of Cede & Co., as registered owner and nominee for The Depository Trust Company ("DTC"), New York, New York, which will act as securities depository for the 2024 Bonds. Individual purchases of the 2024 Bonds may be made only in book -entry form in denominations of $5,000 or integral multiples thereof. Purchasers of the 2024 Bonds (the "Beneficial Owners") will not receive physical delivery of bond certificates. As long as Cede & Co. is the registered owner of the 2024 Bonds as nominee for DTC, payments of principal and interest with respect to the 2024 Bonds will be made directly to such registered owner who will in turn remit such principal and interest payments to DTC participants for subsequent disbursement to the Beneficial Owners. The Issuer will not be responsible for payments to Beneficial Owners. The 2024 Bonds will be dated their date of delivery (expected to be July 10, 2024) or such other date as may be communicated by Thomson Municipal Market Monitor not less than 20 hours prior to the time bids are to be received, and shall bear interest from such date and shall be payable semiannually commencing on January 1, 2025, and on each January 1 and July 1 thereafter until maturity at the rate or rates specified in such proposals as may be accepted. The proposed schedule of maturities and amounts are as follows: Preliminary, subject to change. 82 INITIAL MATURITY SCHEDULE FOR THE 2024 BONDS Maturity Principal (July 1) Amount* 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035** 2036** 2037** 2038** 2039** 2040** 2041** 2042** 2043** 2044** * Preliminary; subject to change. ** Term Bond Option as described herein. NOTE: The Issuer reserves the right to modify the maturity schedule shown above. Any such modification will be communicated through the Thomson Municipal Market Monitor (See, "ADJUSTMENT OF PRINCIPAL AMOUNTS" below.) PAYING AGENT AND REGISTRAR The Paying Agent and Registrar for the 2024 Bonds will be U.S. Bank Trust Company, National Association, Jacksonville, Florida. ADJUSTMENT OF PRINCIPAL AMOUNTS The schedule of maturities set forth above (the "Initial Maturity Schedule") represents an estimate of the principal amount and maturities of the 2024 Bonds that will be sold. The Issuer reserves the right to change the Initial Maturity Schedule by announcing any such change not later than 3:00 p.m., Eastern time, on the business day immediately preceding the date set for receipt of bids, through Thomson Municipal Market Monitor. If no such change is announced, the Initial Maturity Schedule will be deemed the schedule of maturities for submission of the bid. 2 83 Furthermore, if after final computation of the bids, the Issuer determines in its sole discretion that the funds necessary to accomplish the purpose of the 2024 Bonds is more or less than the proceeds of the sale of all of the 2024 Bonds, the Issuer reserves the right to increase or decrease the principal amount, by no more than 15% of the principal amount of the 2024 Bonds, or 25% within a given maturity of the 2024 Bonds (to be rounded to the nearest $5,000) or by such other amount as approved by the winning bidder; provided, that the aggregate principal amount of the 2024 Bonds may not exceed $25,000,000. In the event of any such adjustment, no rebidding or recalculation of the bids submitted will be required or permitted; and the 2024 Bonds of each maturity, as adjusted, will bear interest at the same rate and must have the same initial reoffering yield as specified immediately after award of the 2024 Bonds of that maturity, and the Underwriter's Discount on the 2024 Bonds as submitted by the successful bidder shall be held constant. The "Underwriter's Discount" shall be defined as the difference between the purchase price of the 2024 Bonds submitted by the bidder and the price at which the 2024 Bonds will be issued to the public, calculated from information provided by the bidder, divided by the par amount of the 2024 Bonds bid. However, the award will be made to the bidder whose bid produces the lowest True Interest Cost ("TIC"), calculated as specified herein, solely on the basis of the 2024 Bonds offered, without taking into account any adjustment in the amount of 2024 Bonds pursuant to this paragraph. REDEMPTION PROVISIONS The 2024 Bonds maturing on or after July 1, 2035 will be subject to optional redemption prior to maturity on and after July 1, 2034 at a redemption price of par plus accrued interest to the redemption date. The 2024 Bonds maturing on and prior to July 1, 2034 will not be subject to optional redemption prior to maturity. TERM BONDS OPTIONS Any bidder may, at its option, specify that the maturities of the 2024 Bonds maturing after July 1, 2034 will consist of term bonds which are subject to mandatory sinking fund redemption in consecutive years immediately preceding the maturity thereof (each a "Term Bond") as designated in the bid of such bidder. In the event that the bid of the successful bidder specifies that a permitted maturity of the 2024 Bonds will be a Term Bond, such Term Bond will be subject to mandatory sinking fund redemption on July 1 in each applicable year, in the principal amount for such year as set forth hereinbefore under the heading "INITIAL MATURITY SCHEDULE FOR THE 2024 BONDS," at a redemption price equal to the principal amount thereof to be redeemed together with accrued interest thereon to the redemption date, without premium. AUTHORITY AND PURPOSE The 2024 Bonds are being issued under the authority of the Florida Constitution, Chapter 166.021, Florida Statutes, and other applicable provisions of law (collectively, the "Act"), and Resolution No. 2023-004, adopted by the Board of County Commissioners of the County on January 31, 2023, as supplemented (the "Resolution"). 3 84 The 2024 Bonds are being issued for the purpose of financing the acquisition and preservation of environmentally sensitive lands and the construction of public access improvements with respect thereto in and for the Issuer. SECURITY The 2024 Bonds are secured by the full faith and credit of the County, which has covenanted to levy an ad valorem tax without limitation as to rate or amount to pay principal and interest on the 2024 Bonds. [MUNICIPAL BOND INSURANCE The purchase of municipal bond insurance, if available, will be at the option and expense of the bidder. The successful bidder will be responsible for the payment of all costs associated with any such insurance, including the premium charged by the insurer. The bidder understands, by submission of its bid, that the bidder is solely responsible for the selection of any insurer and for all negotiations with the insurer as to the premium to be paid. If all or a portion of the Series 2024 Bonds are awarded on an insured basis, reference to the insurance policy will appear on the Series 2024 Bonds and in the Official Statement; however, the provisions of the financing documents will not be altered nor will the County consent to make additional representations, undertakings or warranties. In addition, if the successful bidder is arranging for bond insurance for all or a portion of the Series 2024 Bonds, it also shall provide the amount of the premium to be paid and certification that the present value of the premium is less than the present value of the interest reasonably expected to be saved as a result of the insurance and that the premium does not exceed a reasonable arms -length charge for the transfer of credit risk accomplished through the bond insurance. Insured ratings with the use of bond insurance, if required, are to be applied for by the successful bidder, and costs incurred for such ratings must be paid at the successful bidder's expense.] RATING Standard & Poor's Ratings Group has assigned a municipal bond rating of " ( ) to the 2024 Bonds. TERMS OF BID AND BASIS OF AWARD Proposals must be unconditional and for the purchase of all of the 2024 Bonds. The aggregate purchase price, inclusive of original issue discount ("OID"), original issue premium ("OIP") and underwriter's discount, may not be less than 100% of the principal amount of the 2024 Bonds. The reoffering price of the 2024 Bonds may not be less than 98% of the principal amount of the 2024 Bonds for any single maturity thereof. The 2024 Bonds shall bear interest expressed in multiples of one-eighth (1/8) or one - twentieth (1/20) of one (1) per centum. The use of split or supplemental interest coupons will not 4 85 be considered and a zero rate or blank rate will not be permitted. All 2024 Bonds maturing on the same date shall bear the same rate of interest. The 2024 Bonds will be awarded to the bidder offering to purchase the 2024 Bonds at the lowest annual interest cost computed on a TIC basis. The annual TIC will be determined by doubling the semi-annual interest rate necessary to discount the semi-annual debt service payments on the 2024 Bonds back to the Net Bond Proceeds (defined as the par amount of the 2024 Bonds, plus any OIP, less any OID and underwriters' discount on the 2024 Bonds, calculated on a 360 day year to the Closing Date, as defined below). The TIC must be calculated to four (4) decimal places. If more than one bid offers the same lowest TIC, the successful bid will be selected by lot from among all such bids. NO BID SHALL BE ACCEPTED WITH A TIC GREATER THAN 5.00%. THE ISSUER RESERVES THE RIGHT TO REJECT ALL BIDS OR ANY BID NOT CONFORMING TO THIS OFFICIAL NOTICE OF SALE. THE ISSUER ALSO RESERVES THE RIGHT TO WAIVE, IF PERMITTED BY LAW, ANY IRREGULARITY OR INFORMALITY IN ANY PROPOSAL. THE ISSUER SHALL NOT REJECT ANY CONFORMING BID, UNLESS ALL CONFORMING BIDS ARE REJECTED. GOOD FAITH DEPOSIT If the County selects a winning bid, then the successful bidder must submit a "Good Faith Deposit" (the "Deposit") to the County in the form of a wire transfer in the amount of $250,000 not later than 12:00 noon, Eastern time on the business day following the date of the award. The Deposit of the successful bidder will be collected and the proceeds thereof retained by the Issuer to be applied as partial payment for the 2024 Bonds and no interest will be allowed or paid upon the amount thereof, but in the event the successful bidder shall fail to comply with the terms of the bid, the proceeds thereof will be retained as and for full liquidated damages. STANDARD FILINGS, CHARGES AND CLOSING DOCUMENTS The winning bidder will be required to make the standard filings and maintain the appropriate records routinely required pursuant to MSRB Rules G-8, G-11 and G-36. The winning bidder will be required to pay the standard MSRB charge for the 2024 Bonds purchased. In addition, those who are members of SIFMA will be required to pay SIFMA's standard charge per bond. The winning bidder will also be required to execute certain closing documents required by Florida law or required by Bond Counsel (as defined below) in connection with the delivery of its tax opinion. See "DISCLOSURE; AMENDMENTS TO NOTICE OF SALE; NOTIFICATION OBLIGATIONS OF PURCHASER" herein. CUSIP NUMBERS The Issuer will assume no obligation for the assignment of CUSIP numbers to the 2024 Bonds or for the correctness of any such numbers printed thereon, but the Issuer will permit such printing to be done at the expense of the purchaser, provided that such printing does not result in 5 86 any delay of the date of delivery of the 2024 Bonds. Hilltop Securities Inc., (the "Financial Advisor"), will request the assignment of CUSIP numbers prior to the sale of the 2024 Bonds. DELIVERY OF THE 2024 BONDS The Issuer will pay the cost of preparing the 2024 Bonds. The successful bidder is responsible for DTC eligibility and related DTC costs. Delivery of and payment for the 2024 Bonds will be via DTC Fast on or about July 10, 2024 (the "Closing Date") in New York, New York, or such other time and place mutually acceptable to the successful bidder and the Issuer. Payment of the full purchase price, less the Deposit, shall be made to the Issuer not later than 12:00 P.M., Eastern time on the Closing Date, in Federal Reserve Funds of the United States of America, without cost to the Issuer. The legal opinion of Nabors, Giblin & Nickerson, P.A. ('Bond Counsel") will be furnished without charge to the successful bidder at the time of delivery of the 2024 Bonds. For a further discussion of the content of that opinion and the proposed form of the approving opinion, see the Preliminary Official Statement for the 2024 Bonds. There will also be furnished at the time of delivery of the 2024 Bonds, a certificate or certificates of the Issuer (which may be included in a consolidated closing certificate) relating to the accuracy and completeness of the Official Statement; and stating, among other things, that there is no litigation or administrative action or proceeding pending or, to the knowledge of the Issuer, threatened, at the time of delivery of the 2024 Bonds, (a) to restrain or enjoin or seeking to restrain or enjoin the issuance and delivery of the 2024 Bonds or (b) affecting the validity of the 2024 Bonds, and that the Preliminary Official Statement has been deemed by the Issuer to be a "final official statement" for purposes of SEC Rule 15c2 -12(b)(3) and (4). The successful bidder will be responsible for the clearance or exemption with respect to the status of the 2024 Bonds for sale under the securities or 'Blue Sky" laws of the several states and the preparation of any surveys or memoranda in connection with such sale. ESTABLISHMENT OF ISSUE PRICE The winning bidder shall assist the Issuer in establishing the issue price of the 2024 Bonds and shall execute and deliver to the Issuer on or prior to the closing date for the 2024 Bonds an "issue price" or similar certificate setting forth the reasonably expected initial offering prices to the public or the actual sales price or prices of the 2024 Bonds, together with the supporting pricing wires or equivalent communications, substantially in the applicable form attached hereto as Exhibit A-2, with such modifications as may be appropriate or necessary, in the reasonable judgment of the winning bidder, the Issuer and Bond Counsel. The Issuer intends that the provisions of Treasury Regulation Section 1.148-1(f)(3)(i) (defining "competitive sale" for purposes of establishing the issue price of the 2024 Bonds) will apply to the initial sale of the 2024 Bonds ("competitive sale requirements") because: M 87 (1) the Issuer has disseminated this Official Notice of Sale to potential underwriters in a manner that is reasonably designed to reach potential underwriters; (2) all bidders shall have an equal opportunity to bid; (3) the Issuer may receive bids from at least three underwriters of municipal bonds who have established industry reputations for underwriting new issuances of municipal bonds; and (4) the Issuer anticipates awarding the sale of the 2024 Bonds to the bidder who submits a firm offer to purchase the 2024 Bonds at the lowest true interest cost, as set forth in this Official Notice of Sale. Any bid submitted pursuant to this Official Notice of Sale shall be considered a firm offer for the purchase of the 2024 Bonds, as specified in the bid. BY SUBMITTING A BID FOR THE 2024 BONDS, A BIDDER REPRESENTS AND WARRANTS TO THE ISSUER THAT THE BIDDER HAS AN ESTABLISHED INDUSTRY REPUTATION FOR UNDERWRITING NEW ISSUANCES OF MUNICIPAL BONDS SUCH AS THE 2024 BONDS AND SUCH BIDDER'S BID IS SUBMITTED FOR AND ON BEHALF OF SUCH BIDDER BY AN OFFICER OR AGENT WHO IS DULY AUTHORIZED TO BIND THE BIDDER TO A LEGAL, VALID AND ENFORCEABLE CONTRACT FOR THE PURCHASE OF THE 2024 BONDS. Once the bids are communicated electronically via the Parity System to the Issuer, each bid will constitute an irrevocable offer to purchase the 2024 Bonds on the terms herein and therein provided. In the event that the competitive sale requirements are not satisfied, the Issuer shall so advise the winning bidder. In such case, the Issuer shall treat the first price at which 10% of a maturity of the 2024 Bonds is sold to the public (the "10% test") as the issue price of that maturity, applied on a maturity -by -maturity basis. The winning bidder shall advise the Issuer if any maturity of the 2024 Bonds satisfies the 10% test as of the date and time of the award of the 2024 Bonds. The Issuer will not require bidders to comply with the "hold -the -offering -price rule" set forth in Treasury Regulation Section 1.148-1(f)(2)(ii) and therefore does not intend to use the initial offering price to the public as of the sale date of any maturity of the 2024 Bonds as the issue price of that maturity. Bids will not be subject to cancellation in the event that the competitive sale requirements are not satisfied. Bidders should prepare their bids on the assumption that all of the maturities of the 2024 Bonds will be subject to the 10% test in order to establish the issue price of the 2024 Bonds. If the competitive sale requirements are not satisfied, then until the 10% test has been satisfied as to each maturity of the 2024 Bonds, the winning bidder agrees to promptly report to the Issuer the prices at which the unsold 2024 Bonds of each maturity have been sold to the public. That reporting obligation shall continue, whether or not the closing date for the 2024 Bonds has occurred, until the 10% test has been satisfied for each maturity or until all 2024 Bonds of that maturity have been sold. By submitting a bid and if the competitive sale requirements are not met, each bidder confirms that: (i) any agreement among underwriters, any selling group agreement and each retail 7 88 distribution agreement (to which the bidder is a party) relating to the initial sale of the 2024 Bonds to the public, together with the related pricing wires, contains or will contain language obligating each underwriter, each dealer who is a member of the selling group, and each broker-dealer that is a party to such retail distribution agreement, as applicable, to report the prices at which it sells to the public the unsold 2024 Bonds of each maturity allotted to it until it is notified by the winning bidder that either the 10% test has been satisfied as to the 2024 Bonds of that maturity or all 2024 Bonds of that maturity have been sold to the public, if and for so long as directed by the winning bidder and as set forth in the related pricing wires, and (ii) any agreement among underwriters relating to the initial sale of the 2024 Bonds to the public, together with the related pricing wires, contains or will contain language obligating each underwriter that is a party to a retail distribution agreement to be employed in connection with the initial sale of the 2024 Bonds to the public to require each broker-dealer that is a party to such retail distribution agreement to report the prices at which it sells to the public the unsold 2024 Bonds of each maturity allotted to it until it is notified by the winning bidder or such underwriter that either the 10% test has been satisfied as to the 2024 Bonds of that maturity or all 2024 Bonds of that maturity have been sold to the public, if and for so long as directed by the winning bidder or such underwriter and as set forth in the related pricing wires. Sales of any 2024 Bonds to any person that is a related party to an underwriter shall not constitute sales to the public for purposes of this Official Notice of Sale. Further, for purposes of this Official Notice of Sale: (i) "public" means any person other than an underwriter or a related party, (ii) "underwriter" means (A) any person that agrees pursuant to a written contract (i.e. this Official Notice of Sale) with the Issuer (or with the lead underwriter to form an underwriting syndicate) to participate in the initial sale of the 2024 Bonds to the public and (B) any person that agrees pursuant to a written contract directly or indirectly with a person described in clause (A) to participate in the initial sale of the 2024 Bonds to the public (including a member of a selling group or a party to a retail distribution agreement participating in the initial sale of the 2024 Bonds to the public), (iii) a purchaser of any of the 2024 Bonds is a "related party" to an underwriter if the underwriter and the purchaser are subject, directly or indirectly, to (i) at least 50% common ownership of the voting power or the total value of their stock, if both entities are corporations (including direct ownership by one corporation of another), (ii) more than 50% common ownership of their capital interests or profits interests, if both entities are partnerships (including direct ownership by one partnership of another), or (iii) more than 50% common ownership of the value of the outstanding stock of the corporation or the capital interests or profit interests of the partnership, as applicable, if one entity is a corporation and the other entity is a partnership (including direct ownership of the applicable stock or interests by one entity of the other), and (iv) "sale date" means the date that the 2024 Bonds are awarded by the Issuer to the winning bidder. 8 89 DISCLOSURE; AMENDMENTS TO NOTICE OF SALE; NOTIFICATION OBLIGATIONS OF PURCHASER This Official Notice of Sale is not intended as a disclosure document and bidders are required to obtain and carefully review the Preliminary Official Statement before submitting a bid. This Official Notice of Sale may be amended from time to time after its initial publication by publication of amendments thereto not less than 20 hours prior to the bid date and time by Thomson Municipal Market Monitor. Each bidder will be charged with the responsibility of obtaining any such amendments and complying with the terms thereof. Prior to delivery of the 2024 Bonds to the successful bidder, the successful bidder shall file with the Issuer a statement as described in Section 218.38(1)(c)2, Florida Statutes, containing the underwriting spread (including management fee, if any), and the amount of any fee, bonus or gratuity paid in connection with the 2024 Bonds to any person not regularly employed by the successful bidder. This statement shall be filed with the Issuer even if no such management fee or underwriting spread has been charged by the successful bidder or no such fee, bonus or gratuity has been paid by the successful bidder, and such filing shall be a condition precedent to the delivery of the 2024 Bonds by the Issuer to the successful bidder. The successful bidder, by submitting its bid, agrees to furnish to the Issuer and Bond Counsel a certificate verifying information as to the bona fide initial offering prices or yields of the 2024 Bonds to the public and sales of the 2024 Bonds appropriate for determination of the issue price of, and the yield on, the 2024 Bonds under the Internal Revenue Code of 1986, as amended, in the form attached hereto as Exhibit A-2, and such other documentation as and at the time requested by Bond Counsel. The successful bidder shall also verify its winning bid in writing to the Issuer by executing a printed copy of its winning bid as reported on Parity. The winning bidder is required to provide a Truth in Bonding Statement pursuant to Section 218.385, Florida Statutes, and to disclose the payment of any "finder's fee" pursuant to Section 218.386, Florida Statutes, prior to the award of the 2024 Bonds, as set forth in Exhibit A-1 to this Official Notice of Sale. OFFICIAL STATEMENT The Issuer shall furnish at its expense within seven (7) business days after the 2024 Bonds have been awarded to the successful bidder, or at least five (5) business days before the Closing Date, whichever is earlier, a reasonable number of copies of the final Official Statement, which, in the judgment of the Financial Advisor to the County will permit the successful bidder to comply with applicable SEC and MSRB rules. The successful bidder may arrange for additional copies of the final Official Statement at its expense. C 01 CONTINUING DISCLOSURE In order to assist bidders in complying with SEC Rule 15c2-12, the Issuer will undertake to provide, or cause to be provided, certain financial information and operating data and to provide notices of certain events, if material. Such information will be filed with the Municipal Securities Rulemaking Board through its Electronic Municipal Market Access System (EMMA). Notices of material events will be filed with the Municipal Securities Rulemaking Board through EMMA. A summary of such undertaking is contained in the Preliminary Official Statement. DISCLOSURE INFORMATION Copies of the Preliminary Official Statement "deemed final" (except for permitted omissions) by the Issuer in accordance with SEC Rule 15c2-12 must be obtained from the Financial Advisor, Hilltop Securities Inc., 450 South Orange Avenue, Suite 225, Orlando, Florida 32801, (407) 426-9611 before a bid is submitted. The Issuer's Preliminary Official Statement and Official Notice of Sale are also available for viewing in electronic format at (http://www.munios.coml. CHOICE OF LAW Any litigation or claim arising out of any bid submitted (regardless of the means of submission) pursuant to this Official Notice of Bond Sale shall be governed by and construed in accordance with the laws of the State of Florida. The venue situs for any such action shall be the state courts of the Nineteenth Judicial Circuit in and for Indian River County, Florida. NOTICE OF BIDDERS REGARDING PUBLIC ENTITY CRIMES A person or affiliate who has been placed on the convicted vendor list following a conviction for a public entity crime may not submit a bid on a contract to provide any goods or services to a public entity, may not submit a bid on a contract with a public entity for the construction or repair of a public building or public work, may not submit bids on leases of real property to a public entity, may not be awarded or perform work as a contractor, supplier, subcontractor, or consultant under a contract with any public entity, and may not transact business with any public entity in excess of the threshold amount provided in Section 287.017, for CATEGORY TWO for a period of 36 months from the date of being placed on the convicted vendor list. 10 91 INDIAN RIVER COUNTY, FLORIDA By:/s/ John A. Titkanich, Jr. County Administrator 11 92 EXHIBIT A-1 TRUTH -IN -BONDING STATEMENT AND DISCLOSURE In compliance with Section 218.385, Florida Statutes, as amended, the undersigned bidder submits the following Truth -In -Bonding Statement with respect to the Indian River County, Florida General Obligation Bonds, Series 2024 (the 'Bonds") (NOTE: For information purposes only and not a part of the bid): Indian River County, Florida (the "Issuer") is proposing to issue $ ' of the Bonds for the purpose of financing the acquisition and preservation of environmentally sensitive lands and the construction of public access improvements with respect thereto within the County. The Bonds are expected to be repaid over a period of approximately years. At a forecasted interest rate of %, total interest paid over the life of the Bonds will be $ The source of repayment or security for the Bonds is a pledge of the full faith and credit of the Issuer, as more fully described in the Preliminary Official Statement and Official Notice of Sale. In compliance with Section 218.386, Florida Statutes, the undersigned, on behalf of itself and all other members of the underwriting group, if any, hereby certifies that neither it nor any member of the underwriting group have paid any "finder's fees" as defined in Section 218.386, Florida Statutes, or any bonus, fee or gratuity in connection with the sale of the Bonds, except as provided below: Preliminary, subject to change. A-1-1 Bidder's Name: By: Title: Date: 93 EXHIBIT A-2 CERTIFICATE WITH RESPECT TO "ISSUE PRICE" The undersigned, on behalf of (" "), hereby represents and warrants that it has an established industry reputation for underwriting new issuances of municipal bonds and certifies as set forth below with respect to the sale of the above -captioned obligations (the 'Bonds"). [Alternate I - Competitive Safe Harbor Met] [L Reasonably Expected Initial Offering. (a) As of the Sale Date, the reasonably expected initial offering prices of the Bonds to the Public by are the prices listed in Schedule A (the "Expected Offering Prices"). The Expected Offering Prices are the prices for the Maturities of the Bonds used by in formulating its bid to purchase the Bonds. Attached as Schedule B are true and correct copies of the bid provided by to purchase the Bonds and the pricing wire or equivalent communication for the Bonds. its bid. (b) was not given the opportunity to review other bids prior to submitting (c) The bid submitted by constituted a firm offer to purchase the Bonds.] [Alternate 2 - Competitive Sale Requirements Not Met — General Rule to Apply] [ 1. Sale of the Bonds. As of the date of this certificate, for each Maturity of the Bonds, the first price at which at least 10% of such Maturity of the Bonds was sold to the Public is the respective price listed in Schedule A. Each maturity of the Bonds of which at least 10% of such maturity has not yet been sold to the public (the "Unsold Bonds") is also identified in Schedule A. Attached as Schedule B are true and correct copies of the bid provided by to purchase the Bonds, and the pricing wire or equivalent communication for the Bonds. has and will comply with the requirements set forth under the heading 'Establishment of Issue Price Certificate" in the Official Notice of Sale for the Bonds, including reporting on the sale prices of the Unsold Bonds after the date hereof as provided therein.] 2. Defined Terms. (a) Issuer means Indian River County, Florida. (b) Maturity means Bonds with the same credit and payment terms. Bonds with different maturity dates, or Bonds with the same maturity date but different stated interest rates, are treated as separate Maturities. (c) Public means any person (including an individual, trust, estate, partnership, association, company, or corporation) other than an Underwriter or a related party to an Underwriter. The term "related party" for purposes of this certificate generally means any two or more persons who have greater than 50 percent common ownership, directly or indirectly. A-2-1 94 (d) Sale Date means the first day on which there is a binding contract in writing for the sale of a Maturity of the Bonds. The Sale Date of the Bonds is , 2024. (e) Underwriter means (i) any person that agrees pursuant to a written contract with the Issuer (or with the lead underwriter to form an underwriting syndicate) to participate in the initial sale of the Bonds to the Public, and (ii) any person that agrees pursuant to a written contract directly or indirectly with a person described in clause (i) of this paragraph to participate in the initial sale of the Bonds to the Public (including a member of a selling group or a party to a retail distribution agreement participating in the initial sale of the Bonds to the Public). The representations set forth in this certificate are limited to factual matters only. Nothing in this certificate represents is interpretation of any laws, including specifically Sections 103 and 148 of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations thereunder. The undersigned understands that the foregoing information will be relied upon by the Issuer with respect to certain of the representations set forth in the Certificate as to Arbitrage and Certain Other Tax Matters relating to the Bonds and with respect to compliance with the federal income tax rules affecting the Bonds, and by Nabors, Giblin & Nickerson, P.A. in connection with rendering its opinion that the interest on the Bonds is excluded from gross income for federal income tax purposes, the preparation of the Internal Revenue Service Form 8038-G, and other federal income tax advice that it may give to the Issuer from time to time relating to the Bonds. Dated: , 2024 By: [Name] A-2-2 95 SCHEDULEI EXPECTED OFFERING PRICES OR PRICES OF SOLD AND UNSOLD BONDS Sch-1-1 96 SCHEDULE 2 COPY OF UNDERWRITER'S BID AND PRICING WIRE Sch-2-1 97 EXHIBIT C FORM OF OFFICIAL STATEMENT PRELIMINARY OFFICIAL STATEMENT DATED JUNE , 2024 NEW ISSUE - BOOK -ENTRY ONLY See "RATING" herein In the opinion of Nabors, Giblin & Nickerson, P.A., Tampa, Florida ("Bond Counsel'), under existing statutes, regulations, rulings and court decisions and subject to the conditions described herein under "TAXMATTERS, " interest on the Series 2024 Bonds is (a) excludable from gross income of the owners thereof for federal income tax purposes except as otherwise described herein under the caption "TAX MATTERS, " and (b) not an item of tax preference for purposes of the federal alternative minimum tax; provided, however, with respect to certain corporations, interest on the Series 2024 Bonds is taken into account in determining the annual adjusted financial statement income for the purpose of computing the alternative minimum tax imposed on such corporations. Such interest, however, may be subject to other federal income tax consequences referred to herein under "TAX MATTERS. " See "TAX MATTERS" herein for a general discussion of Bond Counsel's opinion and other tax considerations. Logo $( 1* INDIAN RIVER COUNTY, FLORIDA GENERAL OBLIGATION BONDS, SERIES 2024 Dated: Date of Delivery Due: July 1, as shown on inside cover The Indian River County, Florida General Obligation Bonds, Series 2024 (the "Series 2024 Bonds") will be issued by Indian River County, Florida (the "County") as fully registered bonds in denominations of $5,000 and integral multiples thereof. Interest on the Series 2024 Bonds will be payable semiannually on each January 1 and July 1, commencing on January 1, 2025, by check or draft U.S. Bank Trust Company, National Association, as Paying Agent, to the registered owner thereof or by electronic means. Principal of and redemption premium, if any, on the Series 2024 Bonds is payable upon presentation and surrender at the principal corporate trust office of the Paying Agent. The Series 2024 Bonds initially will be registered in the name of Cede & Co., as registered owner and nominee for The Depository Trust Company, New York, New York ("DTC"), which will act as securities depository for the Series 2024 Bonds. Series 2024 Bonds will be available to purchasers under the book -entry system maintained by DTC through brokers and dealers who are, or act through, Direct Participants (as defined herein). Purchasers of the Series 2024 Bonds (the 'Beneficial Owners") will not receive physical delivery of bond certificates. Ownership by the Beneficial Owners of the Series 2024 99 Bonds will be evidenced by book -entry only. As long as Cede & Co. is the registered owner as nominee of DTC, payments of principal, interest and premium, if any, will be made directly to such registered owner which will in turn remit such payments to the Direct Participants for subsequent disbursement to the Beneficial Owners. See "DESCRIPTION OF THE SERIES 2024 BONDS — Book Entry Only System" herein. The Series 2024 Bonds are being issued for the purpose of (1) financing costs of the acquisition and, preservation of certain environmentally sensitive lands, and the construction of public access improvements with respect thereto, as described in the plans and specifications on file with the County, and (2) paying certain costs and expenses relating to the issuance of the Series 2024 Bonds. The Series 2024 Bonds are being issued by the County under the authority of Article VII, Section 12 of the Constitution of the State of Florida, Chapter 125, Florida Statutes, and other applicable provisions of law, and pursuant Resolution No. 2023-004 adopted by the Board of County Commissioners (the 'Board") of the County on January 31, 2023, as supplemented by Resolution No. adopted by the Board on June _, 2024 (collectively, the 'Bond Resolution"). The issuance of certain general obligation bonds such as the Series 2024 Bonds was approved by a majority of the qualified electors of the County voting in a bond referendum held on November 8, 2022 and validated by a judgment of the Circuit Court of the Nineteenth Judicial Circuit of the State of Florida, in and for the County, on April 27, 2023. The Series 2024 Bonds are subject to redemption prior to their stated maturities, as more particularly described herein. See "DESCRIPTION OF THE SERIES 2024 BONDS — Redemption Provisions" herein. The Series 2024 Bonds are general obligation bonds of the County to which the full faith, credit and taxing power of the County are irrevocably pledged in the manner and to the extent described in the Bond Resolution. The Series 2024 Bonds are payable from ad valorem taxes levied without limitation as to rate or amount on all taxable property within the County sufficient in amount to pay the principal of and interest on the Series 2024 Bonds. See "SECURITY FOR THE SERIES 2024 BONDS" herein. SEE INSIDE COVER PAGE FOR THE MATURITY SCHEDULE This cover page and the inside cover page contains certain information for quick reference only. They are not, and are not intended to be, a summary of this issue. Investors must read the entire Official Statement, including the Appendices, to obtain information essential to the making of an informed investment decision. Electronic bids only for the Series 2024 Bonds pursuant to the provisions of the Notice of Sale will be received by the County pursuant to the IHS Markit's 100 ParityBidcomp competitive bidding system in the manner and at the time and/or date described in the Official Notice of Sale. The Series 2024 Bonds are offered when, as and if issued and received by the underwriter, subject to the approving legal opinion of Nabors, Giblin & Nickerson, P.A., Tampa, Florida, Bond Counsel. Certain legal matters will be passed upon for the County by William K. DeBraal, Esq., County Attorney, and certain disclosure matters will be passed upon by Nabors, Giblin & Nickerson, P.A., Tampa, Florida, as Disclosure Counsel to the County. Hilltop Securities Inc., Orlando, Florida, is acting as Financial Advisor for the County. It is expected that the Series 2024 Bonds will be available for delivery through the facilities of DTC in New York, New York, on or about July , 2024. Dated: June_, 2024 *Preliminary, subject to change. 101 S INDIAN RIVER COUNTY, FLORIDA General Obligation Bonds, Series 2024 Maturity Principal (July 1) Amount 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 20351 20361 20371 20381 20391 20401 2041t 20421 20431 20441 $ Serial Bonds Interest Initial Rate Yield Price CUSIPNos.** * Preliminary, subject to change. * * Copyright, CUSIP Global Services. CUSIP is a registered trademark of the American Bankers Association. CUSIP data herein is provided by CUSIP Global Services, which is managed on behalf of the American Bankers Association by FactSet Research Systems, Inc. All rights reserved. This data is not intended to create a database and does not serve in any way as a substitute for CUSIP Global Services. The County is not responsible for the use of the CUSIP numbers referenced herein nor is any representation made by the County as to their correctness. The CUSIP numbers provided herein are included solely for the convenience of the readers of this Official Statement. The CUSIP number for a specific maturity is subject to being changed after the issuance of the Series 2024 Bonds as a result of various subsequent actions including, but not limited to, a refunding in whole or in part of as a result of the procurement of secondary markets portfolio insurance or other similar enhancement by investors that is applicable to all or a portion of certain maturities of the bonds. f May be combined into Term Bonds. The maturities of the Series 2024 Bonds may consist of Serial Bonds and/or Term Bonds. [There is no limitation on the number of Term Bonds, provided only principal amounts maturing on and after July 1, 2035 may be combined into Term Bonds], See "TERM BONDS OPTIONS" in the Official Notice of Sale for the Series 2024 Bonds. 102 INDIAN RIVER COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS SusanAdams......................................................................................................... Chairman Joseph E. Flescher......................................................................................... Vice Chairman Joseph Earman................................................................................................ Commissioner DerylLoar....................................................................................................... Commissioner LauraMoss.....................................................................................................Commissioner COUNTY ADMINISTRATOR John A. Titkanich, Jr., ICMA-CM CLERK OF THE CIRCUIT COURT AND COMPTROLLER AND EX -OFFICIO CLERK OF THE BOARD OF COUNTY COMMISSIONERS Ryan L. Butler COUNTY ATTORNEY William K. DeBraal, Esq. CHIEF DEPUTY COMPTROLLER Elissa Nagy, CPA, CGFO DIRECTOR OF THE OFFICE OF MANAGEMENT AND BUDGET Kristin Daniels, CGFO BOND AND DISCLOSURE COUNSEL Nabors, Giblin & Nickerson, P.A. Tampa, Florida FINANCIAL ADVISOR Hilltop Securities Inc. Orlando, Florida i 103 No dealer, broker, salesman or other person has been authorized by the County to give any information or to make any representations other than those contained in this Official Statement, and if given or made, such other information or representations must not be relied upon as having been authorized by the County. This Official Statement neither constitutes an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Series 2024 Bonds by any person in any jurisdiction in which it is unlawful for such person to make such offer, solicitation or sale. The information set forth herein has been furnished by the County, The Depository Trust Company (as to itself and its book - entry only system), and other sources which are believed to be reliable, but such information is not guaranteed as to accuracy or completeness by, and is not to be construed as a representation of, the County. The information and expressions of opinion herein are subject to change without notice, and neither the delivery of this Official Statement nor any sale made hereunder shall, under any circumstances, create the implication that there has been no change in the affairs of the County since the date hereof. THE SERIES 2024 BONDS HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR HAS THE BOND RESOLUTION BEEN QUALIFIED UNDER THE TRUST INDENTURE ACT OF 1939, AS AMENDED, IN RELIANCE UPON EXEMPTIONS CONTAINED IN SUCH ACTS. THE REGISTRATION OR QUALIFICATION OF THE SERIES 2024 BONDS IN ACCORDANCE WITH APPLICABLE PROVISIONS OF THE SECURITIES LAWS OF THE STATES, IF ANY, IN WHICH THE SERIES 2024 BONDS HAVE BEEN REGISTERED OR QUALIFIED AND THE EXEMPTION FROM REGISTRATION OR QUALIFICATION IN CERTAIN OTHER STATES CANNOT BE REGARDED AS A RECOMMENDATION THEREOF. NEITHER THESE STATES NOR ANY OF THEIR AGENCIES HAVE PASSED UPON THE MERITS OF THE SERIES 2024 BONDS OR THE ACCURACY OR COMPLETENESS OF THIS OFFICIAL STATEMENT. ANY REPRESENTATIONS TO THE CONTRARY MAY BE A CRIMINAL OFFENSE. References herein to laws, rules, regulations, resolutions, agreements, reports and other documents do not purport to be comprehensive or defmitive. All references to such documents are qualified in their entirety by reference to the particular document, the full text of which may contain qualifications of and exceptions to statements made herein. Where full texts have not been included as appendices to this Official Statement they may be obtained from the County as provided in the final paragraph under "INTRODUCTION" herein. Any statements made in this Official Statement involving matters of opinion, forecasts or estimates, whether or not so expressly stated, are set forth as such and not as representations of fact, and no representation is made that any of the forecasts or estimates will be realized. The information and expressions of opinion herein are subject to change ii 104 without notice, and neither the delivery of this Official Statement nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in the affairs of the County since the date hereof. Certain statements included or incorporated by reference in this Official Statement constitute "forward-looking statements." Such statements generally are identifiable by the terminology used, such as "plan," "expect," "estimate," "anticipate," "intend," "project," "forecast," "budget" or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements described to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The County does not plan to issue any updates or revisions to those forward-looking statements if or when its expectations or events, conditions or circumstances on which such statements are based occur. THIS OFFICIAL STATEMENT IS BEING PROVIDED TO PROSPECTIVE PURCHASERS IN EITHER BOUND OR IN PRINTED FORMAT ("ORIGINAL BOUND FORMAT"), [OR IN ELECTRONIC FORMAT ON THE FOLLOWING WEBSITE: WWW.MUNIOS.COM.] THIS OFFICIAL STATEMENT MAY BE RELIED ON ONLY IF IT IS IN ITS ORIGINAL BOUND FORMAT, OR IF IT IS PRINTED OR SAVED IN FULL DIRECTLY FROM SUCH WEBSITE OR WWW.EMMA.MSRB.ORG. iii 105 TABLE OF CONTENTS Page INTRODUCTION...............................................................................................................1 INDIANRIVER COUNTY................................................................................................ 2 ESTIMATED SOURCES AND USES OF FUNDS...........................................................4 DEBT SERVICE SCHEDULE........................................................................................... 5 DESCRIPTION OF THE SERIES 2024 BONDS.............................................................. 6 General............................................................................................................................. 6 Book -Entry Only System................................................................................................. 6 Transfer of Series 2024 Bonds........................................................................................ 9 RedemptionProvisions..................................................................................................10 Selection of Series 2024 Bonds to be Redeemed..........................................................11 Noticeof Redemption.................................................................................................... l l Redemption of Portions of Series 2024 Bonds..............................................................12 Payment of Redeemed Series 2024 Bonds....................................................................12 Purchase in Lieu of Optional Redemption....................................................................13 SECURITY FOR THE SERIES 2024 BONDS................................................................14 General...........................................................................................................................14 Establishment of Funds and Accounts...........................................................................14 No Debt Service Reserve...............................................................................................15 Investments in Funds and Accounts..............................................................................15 AD VALOREM TAXATION...........................................................................................16 General...........................................................................................................................16 Procedure for Property Assessment...............................................................................16 Settingthe Millage.........................................................................................................18 Historical and Current Millages.....................................................................................18 Procedures for Tax Collection and Distribution............................................................19 Assessed Value of Taxable Property ............................................................................. 21 Ad Valorem Tax Levies and Collections...................................................................... 22 PrincipalTaxpayers....................................................................................................... 23 Constitutional Amendments and Legislative Initiatives Affecting Ad Valorem Taxes 23 EMPLOYEE RETIREMENT PLANS AND OTHER POST EMPLOYMENT BENEFITS.................................................................................................................. 31 Employee Retirement Plans........................................................................................... 31 FRSInvestment Plan..................................................................................................... 40 Other Post -Employment Benefit Plans.......................................................................... 42 LITIGATION.................................................................................................................... 48 LEGALMATTERS.......................................................................................................... 49 ENFORCEABILITY OF REMEDIES.............................................................................. 49 FINANCIAL ADVISOR................................................................................................... 50 TAXMATTERS............................................................................................................... 50 Opinion of Bond Counsel.............................................................................................. 50 1v 106 Internal Revenue Code of 1986..................................................................................... 50 Collateral Tax Consequences........................................................................................ 51 OtherTax Matters.......................................................................................................... 51 Tax Treatment of Original Issue Discount.................................................................... 52 Tax Treatment of Bond Premium.................................................................................. 52 DISCLOSURE REQUIRED BY FLORIDA BLUE SKY REGULATIONS................... 53 RATINGS.......................................................................................................................... 54 UNDERWRITING............................................................................................................ 54 CONTINUING DISCLOSURE........................................................................................ 54 FINANCIAL STATEMENTS...........................................................................................55 INVESTMENT POLICY OF THE COUNTY.................................................................. 55 CONTINGENTFEES....................................................................................................... 56 MISCELLANEOUS.......................................................................................................... 56 AUTHORIZATION OF OFFICIAL STATEMENT........................................................ 56 Appendix A - General Information Regarding Indian River County Appendix B - Annual Comprehensive Financial Report for the Fiscal Year ended September 30, 2023 Appendix C - Form of Bond Resolution Appendix D - Form of Approving Opinion of Bond Counsel Appendix E - Form of Continuing Disclosure Certificate v 107 OFFICIAL STATEMENT Relating to $[ 1` INDIAN RIVER COUNTY, FLORIDA GENERAL OBLIGATION BONDS, SERIES 2024 INTRODUCTION The purpose of this Official Statement, which includes the cover page, inside cover page and the appendices, is to furnish information with respect to the issuance by Indian River County, Florida (the "County") of $[ J* aggregate principal amount of its General Obligation Bonds, Series 2024 (the "Series 2024 Bonds"). The Series 2024 Bonds are being issued by the County under the authority of Article VII, Section 12 of the Constitution of the State of Florida, Chapter 125, Florida Statutes, and other applicable provisions of law, and pursuant Resolution No. 2023-004 adopted by the Board of County Commissioners (the 'Board") of the County on January 31, 2023, as supplemented by Resolution No. adopted by the Board on June _, 2024 (collectively, the 'Bond Resolution"). The issuance of certain general obligation bonds in one or more series in a combined aggregate principal amount of $50,000,000 was approved by the qualified electors of the County at a bond referendum held on November 8, 2022 (the "Referendum") and validated by a judgment of the Circuit Court of the Nineteenth Judicial Circuit of the State of Florida, in and for the County, on April 27, 2023, the period for appeal of which has expired. The Series 2024 Bonds are the first series of general obligation bonds to be issued by the County pursuant to the authority of the Referendum. Following the issuance of the Series 2024 Bonds, the County will have approximately $-.— * of remaining bonding authority under the Bond Resolution and the authority of te Referendum herein. The Series 2024 Bonds are general obligation bonds of the County to which the full faith, credit and taxing power of the County are irrevocably pledged in the manner and to the extent described in the Bond Resolution. The Series 2024 Bonds are payable from ad valorem taxes levied without limitation as to rate or amount on all taxable property within the County, sufficient in amount to pay the principal of and interest on the Series 2024 Bonds. See "SECURITY FOR THE SERIES 2024 BONDS" herein. * Preliminary, subject to change 108 The Series 2024 Bonds are being issued for the purpose of (1) financing costs of the acquisition and, preservation of certain environmentally sensitive lands, and the construction of public access improvements with respect thereto, as described in the plans and specifications on file with the County, and (2) paying certain costs and expenses relating to the issuance of the Series 2024 Bonds. The Series 2024 Bonds are subject to redemption prior to their stated maturities, as more particularly described herein. See "DESCRIPTION OF THE SERIES 2024 BONDS — Redemption Provisions" herein. shall serve as the initial Paying Agent and Registrar for the Series 2024 Bonds. The County has covenanted to provide certain continuing disclosure information pursuant to Rule 15c2-12 of the Securities and Exchange Commission relating to the Series 2024 Bonds. See "CONTINUING DISCLOSURE" herein. Capitalized terms used but not defined herein have the same meanings as when used in the Bond Resolution unless the context would clearly indicate otherwise. Complete descriptions of the terms and conditions of the Series 2024 Bonds are set forth in the Bond Resolution, the form of which is contained in Appendix C of this Official Statement. The descriptions of the Series 2024 Bonds, the documents authorizing and securing the same, and the information from various reports and statements contained herein are not comprehensive or definitive. All references herein to such documents, reports and statements are qualified by the entire, actual content of such documents, reports and statements. Copies of such documents, reports and statements referred to herein that are not included in their entirety in this Official Statement may be obtained from the County. INDIAN RIVER COUNTY The Florida Legislature established Indian River County on June 29, 1925. The County is located on the central Atlantic coast of Florida, approximately 100 miles southeast of Orlando and 135 miles north of Miami. The County is bordered by Brevard County to the north, St. Lucie County to the south, and Osceola and Okeechobee Counties on the west. There are approximately 100 miles of waterfront land in the County, including 23 miles of Atlantic beaches. The City of Vero Beach is the seat of County government. The County is a noncharter county established under the Constitution and the Laws of the State of Florida. A five member Board of County Commissioners, elected at large from five districts, governs the County. The Board appoints a County Administrator who is responsible for implementing the policies set forth by the Board. The County Administrator is charged with the proper fiscal management of the resources of the County. In addition to the Board, 0) 109 there are five elected Constitutional Officers serving specific governmental functions: Clerk of the Circuit Court and Comptroller, Property Appraiser, Sheriff, Supervisor of Elections, and Tax Collector. Although the majority of the funding for all Constitutional Officers is part of the County's General Fund, the Board does not have direct responsibility for their operations. Indian River County provides a full range of services including, but not limited to: construction and maintenance of roadways, sidewalks and other infrastructure, fire rescue/emergency services, law enforcement, library services, traffic operations and control, parks and recreational services, golf course, human services, building inspections, licenses and permits, water/sewer utility services, and refuse collection and disposal. The County is a political subdivision of the State, and is governed by the State Constitution and the general laws of the State. See "Appendix A - General Information Regarding Indian River County" attached hereto. [Remainder of page intentionally left blank] 3 110 ESTIMATED SOURCES AND USES OF FUNDS The proceeds to be received from the sale of the Series 2024 Bonds are expected to be applied as follows: Total SOURCES OF FUNDS PrincipalAmount........................................................................... [Plus/Less] [net] Original Issue [Premium/Discount] .................... Total Sources of Funds..................................................................... USES OF FUNDS Deposit to Project Fund('). Costs of Issuance(2)........... Total Uses of Funds ............ (1) To be applied to finance and/or reimburse costs of the 2024 Project. See "PURPOSE OF THE BONDS" herein. (2) Includes underwriters' discount, legal, financial advisory, professional, administrative and other customary costs of issuance. [Remainder of page intentionally left blank] 9 111 DEBT SERVICE SCHEDULE The following table sets forth the annual debt service requirements with respect to the Series 2024 Bonds: Bond Year Ending (July 1) 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 Totals *Totals may not add due to rounding. Principal Annual Debt Interest Service 5 112 DESCRIPTION OF THE SERIES 2024 BONDS General The Series 2024 Bonds will be dated their date of delivery and will be issued in fully registered form, without coupons, in denominations of $5,000 each or integral multiples thereof, maturing on July 1 in the years and in the principal amounts set forth on the inside cover page of this Official Statement. The Series 2024 Bonds will bear interest at the rates set forth on the inside cover page of this Official Statement, computed on the basis of a 360 -day year, consisting of twelve 30 -day months. Interest on the Series 2024 Bonds will be payable semi-annually on January 1 and July 1 of each year, commencing on January 1, 2025. — U.S. Bank Trust Company, National Association, Jacksonville, Florida, is serving as the initial Paying Agent and Registrar. Interest on any Series 2024 Bond will be paid by check or draft of the Paying Agent or by electronic means to the registered Holder of such Series 2024 Bond. Except as otherwise set forth under "- Book -Entry Only System" below, principal of the Series 2024 Bonds shall be made upon presentation and surrender of the Series 2024 Bonds at the corporate trust office of the Paying Agent. The principal of and interest on the Series 2024 Bonds shall be payable in any coin or currency of the United States of America which on the respective dates of payment thereof is legal tender for the payment of public and private debts. Book -Entry Only System THE FOLLOWING INFORMATION IN THIS SECTION CONCERNING DTC AND DTC'S BOOK -ENTRY ONLY SYSTEM HAS BEEN OBTAINED FROM DTC AND OTHER SOURCES THAT THE COUNTY BELIEVES TO BE RELIABLE AND THE COUNTY DOES NOT TAKE ANY RESPONSIBILITY FOR THE ACCURACY THEREOF. DTC will act as securities depository for the Series 2024 Bonds. The Series 2024 Bonds will be issued as fully -registered bonds registered in the name of Cede & Co. (DTC's partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully -registered bond certificate will be issued for each maturity of the Series 2024 Bonds and will be deposited with DTC. SO LONG AS CEDE & CO. IS THE REGISTERED OWNER OF THE SERIES 2024 BONDS, AS NOMINEE OF DTC, CERTAIN REFERENCES IN THIS OFFICIAL STATEMENT TO THE SERIES 2024 BONDHOLDERS OR REGISTERED OWNERS OF THE SERIES 2024 BONDS SHALL MEAN CEDE & CO. AND SHALL NOT MEAN THE BENEFICIAL OWNERS OF THE SERIES 2024 BONDS. THE DESCRIPTION WHICH FOLLOWS OF THE PROCEDURES AND RECORD KEEPING WITH RESPECT TO BENEFICIAL OWNERSHIP INTERESTS IN THE SERIES 2024 BONDS, PAYMENT OF INTEREST AND PRINCIPAL ON THE SERIES 2024 BONDS TO DIRECT PARTICIPANTS (AS HEREINAFTER DEFINED) OR BENEFICIAL OWNERS OF THE SERIES 2024 BONDS, CONFIRMATION AND TRANSFER OF BENEFICIAL OWNERSHIP Al 113 INTERESTS IN THE SERIES 2024 BONDS, AND OTHER RELATED TRANSACTIONS BY AND BETWEEN DTC, THE DIRECT PARTICIPANTS AND BENEFICIAL OWNERS OF THE SERIES 2024 BONDS IS BASED SOLELY ON INFORMATION FURNISHED BY DTC. ACCORDINGLY, THE COUNTY NEITHER MAKES NOR CAN MAKE ANY REPRESENTATIONS CONCERNING THESE MATTERS. DTC, the world's largest securities depository, is a limited -purpose trust company organized under the New York Banking Law, a "banking organization" within the meaning of the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code, and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non -U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC's participants (the "Direct Participants") deposit with DTC. DTC also facilitates the post -trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book -entry transfers and pledges between Direct Participants' accounts. This eliminates the need for physical movement of securities certificates. Direct Participants include both U.S. and non -U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation ("DTCC"). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non -U.S. securities brokers and dealers, banks, trust companies, and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (the "Indirect Participants"). DTC has a Standard and Poor's rating of AA+. The DTC rules applicable to its Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com and www.dtc.org. Purchases of the Series 2024 Bonds under the DTC system must be made by or through Direct Participants, which will receive a credit for such Series 2024 Bonds on DTC's records. The ownership interest of each actual purchaser of each Series 2024 Bond (the "Beneficial Owner") is in turn to be recorded on the Direct and Indirect Participants' records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Series 2024 Bonds are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of the Beneficial Owners. Beneficial Owners will not receive certificates 7 114 representing their ownership interests in the Series 2024 Bonds, except in the event that use of the book -entry system for the Series 2024 Bonds is discontinued. To facilitate subsequent transfers, all Series 2024 Bonds deposited by Direct Participants with DTC are registered in the name of DTC's partnership nominee, Cede & Co. or such other name as may be requested by an authorized representative of DTC. The deposit of the Series 2024 Bonds with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Series 2024 Bonds; DTC's records reflect only the identity of the Direct Participants to whose accounts such Series 2024 Bonds are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping an account of their holdings on behalf of their customers. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements made among them, subject to any statutory or regulatory requirements as may be in effect from time to time. Redemption notices shall be sent to DTC. If less than all of the Series 2024 Bonds are being redeemed, DTC's practice is to determine by lot the amount of the interest of each Direct Participant in such Series 2024 Bonds, as the case may be, to be redeemed. Beneficial Owners of the Series 2024 Bonds may wish to take certain steps to augment the transmission to them of notices of significant events with respect to the Series 2024 Bonds, such as redemptions, defaults, and proposed amendments to the Series 2024 documents. For example, Beneficial Owners of the Series 2024 Bonds may wish to ascertain that the nominee holding the Series 2024 Bonds for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the Registrar and request that copies of notices be provided directly to them. Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to the Series 2024 Bonds unless authorized by a Direct Participant in accordance with DTC's MMI Procedures. Under its usual procedures, DTC mails an Omnibus Proxy to the County as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.'s consenting or voting rights to those Direct Participants to whose accounts the Series 2024 Bonds are credited on the record date (identified in a listing attached to the Omnibus Proxy). Principal and interest payments on the Series 2024 Bonds will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC's practice is to credit Direct Participants' accounts, upon DTC's receipt of funds and corresponding detail information from the County or the Registrar on the payable date in accordance with their respective holdings shown on DTC's records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary N. 115 practices, as is the case with securities held for the accounts of customers in bearer form or with securities registered in "street name," and will be the responsibility of such Participant and not of DTC or the County, subject to any statutory and regulatory requirements as may be in effect from time to time. Payment of principal and interest to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the County. Disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of the Direct and Indirect Participants. DTC may discontinue providing its services as securities depository with respect to the Series 2024 Bonds at any time by giving reasonable notice to the County. Under such circumstances, in the event that a successor securities depository is not obtained, Series 2024 Bond certificates are required to be printed and delivered. The County may decide to discontinue use of the book -entry transfers through DTC (or a successor securities depository). In that event and upon compliance with applicable DTC procedures, Series 2024 Bond certificates will be printed and delivered. Transfer of Series 2024 Bonds So long as the Series 2024 Bonds are registered in the name of DTC or its nominee, the following paragraphs relating to transfer and exchange of beneficial ownership interests in the Series 2024 Bonds will not apply to the Series 2024 Bonds, and the transfer and registration of beneficial ownership interests in the Series 2024 Bonds will be governed by the rules and procedures of DTC as generally described under "DESCRIPTION OF THE SERIES 2024 BONDS - Book -Entry Only System, " above. Series 2024 Bonds, upon surrender thereof at the office of the Registrar with a written instrument of transfer satisfactory to the Registrar, duly executed by the Holder thereof or such Holder's attorney duly authorized in writing, may, at the option of the Holder thereof, be exchanged for an equal aggregate principal amount of registered Series 2024 Bonds of the same maturity and same series of any other authorized denominations. The Series 2024 Bonds issued under the Bond Resolution shall be and have all the qualities and incidents of negotiable instruments under the law merchant and the Uniform Commercial Code of the State of Florida, subject to the provisions for registration and transfer contained in the Bond Resolution and in the Series 2024 Bonds. So long as any of the Series 2024 Bonds shall remain outstanding, the County shall maintain and keep at the office of the Registrar, books for the registration and transfer of the Series 2024 Bonds. Each Series 2024 Bond shall be transferable only upon the books of the County, at the office of the Registrar, under such reasonable regulations as the County may prescribe, by the Holder thereof in person or by such Holder's attorney duly authorized in writing upon surrender thereof together with a written instrument of transfer satisfactory to the E 116 Registrar duly executed and guaranteed by the Holder or such Holder's duly authorized attorney. Upon the registration or transfer of any such Series 2024 Bond, the County shall issue, and cause to be authenticated, in the name of the transferee a new Series 2024 Bond or Series 2024 Bonds of the same aggregate principal amount, maturity and series as the surrendered Series 2024 Bond. The County, the Registrar and any Paying Agent or fiduciary of the County may deem and treat the Person in whose name any outstanding Series 2024 Bond shall be registered upon the books of the County as the absolute owner of such Series 2024 Bond, whether such Series 2024 Bond shall be overdue or not, for the purpose of receiving payment of, or on account of, the principal or Redemption Price, if applicable, and interest on such Series 2024 Bond and for all other purposes, and all such payments so made to any such Holder or upon such Holder's order shall be valid and effectual to satisfy and discharge the liability upon such Series 2024 Bond to the extent of the sum or sums so paid and neither the County nor the Registrar nor any Paying Agent or other fiduciary of the County shall be affected by any notice to the contrary. In all cases in which the privilege of exchanging Series 2024 Bonds or transferring Series 2024 Bonds is exercised, the County shall execute and the Registrar shall authenticate and deliver such Series 2024 Bonds in accordance with the provisions of the Bond Resolution. Execution of Series 2024 Bonds in the same manner as is provided in the Bond Resolution for purposes of exchanging, replacing or transferring Series 2024 Bonds may occur at the time of the original delivery of the Series 2024 Bonds. All Series 2024 Bonds surrendered in any such exchanges or transfers shall be held by the Registrar in safekeeping until directed by the County to be canceled by the Registrar. For every such exchange or transfer of Series 2024 Bonds, the County or the Registrar may make a charge sufficient to reimburse it for any tax, fee, expense or other governmental charge required to be paid with respect to such exchange or transfer. The County and the Registrar shall not be obligated to make any such exchange or transfer of Series 2024 Bonds during the fifteen (15) days next preceding an Interest Date on the Series 2024 Bonds, or, in the case of any proposed redemption of Series 2024 Bonds, then, for the Series 2024 Bonds subject to redemption, during the fifteen (15) days next preceding the date of the first mailing of notice of such redemption and continuing until such redemption date. Redemption Provisions Optional Redemption of Series 2024 Bonds. The Series 2024 Bonds maturing on or before July 1, 20_ are not subject to optional redemption prior to maturity. The Series 2024 Bonds maturing on or after July 1, 20_ are subject to redemption prior to their stated dates of maturity at the option of the County in whole or in part on any date on or after July 1, 20_, and if in part, from such maturities as the County shall designate, at the Redemption Price of par plus accrued interest to the redemption date. Mandatory Redemption of Series 2024 Bonds. The Series 2024 Bonds maturing on July 1, 20_ are subject to mandatory sinking fund redemption prior to maturity, by lot, in such manner as the Registrar deems appropriate, at a Redemption Price equal to principal 10 117 amount of the Series 2024 Bonds to be redeemed, plus interest accrued thereon to the date of redemption, commencing on July 1, 20_, and on each July 1 in the following years and in the following Amortization Installments: Amortization Year Installment *Final Maturity Selection of Series 2024 Bonds to be Redeemed The Series 2024 Bonds shall be redeemed only in the principal amount of $5,000 each and integral multiples thereof. The County shall, at least thirty-five (35) days prior to the redemption date (unless a shorter time period shall be satisfactory to the Registrar, but in no event less than twenty-five (25) days) notify the Registrar of such redemption date and of the principal amount of Series 2024 Bonds to be redeemed. For purposes of any redemption of less than all of the outstanding Series 2024 Bonds of a single maturity, the particular Series 2024 Bonds or portions of Series 2024 Bonds to be redeemed shall be selected not more than thirty-five (35) days and not less than twenty-five (25) days prior to the redemption date by the Registrar from the Outstanding Series 2024 Bonds of the maturity or maturities designated by the County or by such method as the Registrar shall deem fair and appropriate and which may provide for the selection for redemption of Series 2024 Bonds or portions of Series 2024 Bonds in principal amounts of $5,000 and integral multiples thereof. If less than all of a Term Bond is to be redeemed, the aggregate principal amount to be redeemed shall be allocated to the Amortization Installments on a pro -rata basis unless the Issuer, in its discretion, designates a different allocation. Notice of Redemption Notice of such redemption, which shall specify the Series 2024 Bond or Bonds (or portions thereof) to be redeemed and the date and place for redemption, shall be given by the Registrar on behalf of the County, and (A) shall be filed with the Paying Agent of such Series 2024 Bonds and (B) shall be mailed first class, postage prepaid, at least twenty (20) days prior to the redemption date to all Holders of Series 2024 Bonds to be redeemed at their addresses as they appear on the registration books kept by the Registrar as of the date of mailing of such notice. Failure to mail notice to the Holders of the Series 2024 Bonds to be redeemed, or any defect therein, shall not affect the proceedings for redemption of Series 2024 Bonds as to which no such failure or defect has occurred. Failure of any Holder to 11 118 receive any notice mailed as provided in the Bond Resolution shall not affect the proceedings for redemption of such Holder's Series 2024 Bonds. In addition to the mailing of the notice described above, each notice of redemption and payment of the redemption price shall meet the following requirements; provided, however, the failure to provide such further notice of redemption or to comply with the terms of this paragraph shall not in any manner defeat the effectiveness of a call for redemption if notice thereof is given as prescribed above: (A) Each further notice of redemption shall be sent to the Electronic Municipal Market Access of the Municipal Securities Rulemaking Board within ten (10) business days of the mailing of the redemption notice to Holders. (B) Each further notice of redemption shall be sent to such other Person, if any, as shall be required by applicable law or regulation. The County may provide that a redemption may be contingent upon the occurrence of certain condition(s) and that if such condition(s) do not occur the notice of redemption will be rescinded, provided notice of rescission shall be mailed in the manner described above to all affected Series 2024 Bondholders as soon as practicable. So long as the Series 2024 Bonds are registered in the name of Cede & Co., as nominee of DTC (or in the name of a successor securities depository), notices of redemption shall only be given on behay'of the County to Cede & Co., or any successor securities depository. See "DESCRIPTION OF THE SERIES 2024 BONDS - Book -Entry Only System " herein. Redemption of Portions of Series 2024 Bonds Any Series 2024 Bond which is to be redeemed only in part shall be surrendered at any place of payment specified in the notice of redemption (with due endorsement by, or written instrument of transfer in form satisfactory to, the Registrar duly executed by, the Holder thereof or such Holder's attorney duly authorized in writing) and the County shall execute and the Registrar shall authenticate and deliver to the Holder of such Series 2024 Bond, without service charge, a new Series 2024 Bond or Series 2024 Bonds, of the same interest rate, maturity and series, and of any authorized denomination as requested by such Holder, in an aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Series 2024 Bonds so surrendered. Payment of Redeemed Series 2024 Bonds Notice of redemption having been given substantially as described above, the Series 2024 Bonds or portions of Series 2024 Bonds to be redeemed shall, on the redemption date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the County shall default in the payment of the Redemption Price) such Series 12 119 2024 Bonds or portions of Series 2024 Bonds shall cease to bear interest. Upon surrender of such Series 2024 Bonds for redemption in accordance with said notice, such Series 2024 Bonds shall be paid by the Registrar and/or Paying Agent at the appropriate Redemption Price, plus accrued interest. All Series 2024 Bonds which have been redeemed shall be canceled by the Registrar and shall not be reissued. Purchase in Lieu of Optional Redemption Notwithstanding anything in this Resolution to the contrary, at any time the Series 2024 Bonds are subject to optional redemption pursuant to the Bond Resolution, all or a portion of the Series 2024 Bonds to be redeemed as specified in the notice of redemption, may be purchased by the Paying Agent, as trustee, at the direction of the County, on the date which would be the redemption date if such Series 2024 Bonds were redeemed rather than purchased in lieu thereof at a purchase price equal to the redemption price which would have been applicable to such Series 2024 Bonds on the redemption date for the account of and at the direction of the County who shall give the Paying Agent, as trustee, notice at least ten days prior to the scheduled redemption date accompanied by an opinion of Bond Counsel to the effect that such purchase will not adversely affect the exclusion from gross income for federal income tax purposes of interest on such Series 2024 Bonds or any other Outstanding Bonds. In the event the Paying Agent, as trustee, is so directed to purchase Series 2024 Bonds in lieu of optional redemption, no notice to the holders of the Series 2024 Bonds to be so purchased (other than the notice of redemption otherwise required under this Resolution) shall be required, and the Paying Agent, as trustee, shall be authorized to apply to such purchase the funds which would have been used to pay the redemption price for such Bonds if such Series 2024 Bonds had been redeemed rather than purchased. Each Series 2024 Bond so purchased shall not be canceled or discharged and shall be registered in the name of the County. Series 2024 Bonds to be purchased under the Bond Resolution in the manner set forth above which are not delivered to the Paying Agent, as trustee, on the purchase date shall be deemed to have been so purchased and not optionally redeemed on the purchase date and shall cease to accrue interest as to the former holder thereof on the purchase date. [Remainder of page intentionally left blank] 13 120 SECURITY FOR THE SERIES 2024 BONDS General Pursuant to the Bond Resolution, the County has irrevocably pledged its full faith, credit and taxing power for the full and prompt payment of the principal of and interest on the Series 2024 Bonds. The Bond Resolution further provides that there shall be levied a direct annual tax on all taxable property within the County to make such payments. Provision shall be included and made in the County's annual budget and tax levy for the levy of the taxes provided in the Bond Resolution. Whenever the County shall, in any Bond Year, have irrevocably deposited in the Sinking Fund any monies derived from sources other than Ad Valorem Taxes, said Ad Valorem Taxes may be correspondingly diminished; but any such diminution must leave available an amount of such taxes, after allowance for anticipated delinquencies in collection, fully sufficient, with such monies so deposited from other sources, to assure the prompt payment of principal, interest, and redemption premiums, if any, falling due prior to the time that the proceeds of the next annual property tax levy will be available. Such Ad Valorem Taxes shall be levied and collected at the same time, and in the same manner, as other ad valorem taxes of the County are assessed, levied and collected. The Ad Valorem Taxes shall be levied and collected in accordance with all applicable law, including, but not limited to, the Referendum Resolution. The payment of the principal of or Redemption Price, if applicable, and interest on the Series 2024 Bonds shall be secured forthwith equally and ratably by a pledge of and lien upon the Pledged Funds, and the County has, pursuant to the Bond Resolution irrevocably pledged such Pledged Funds to the payment of the Series 2024 Bonds. "Pledged Funds" is defined in the Bond Resolution as (1) the Ad Valorem Taxes, and (2) until applied in accordance with the provisions of the Bond Resolution, all moneys, including investments thereof, in the funds, accounts and subaccounts (other than the Rebate Fund) established under the Bond Resolution. Establishment of Funds and Accounts The monies raised by the County from the levy of Ad Valorem Taxes to pay debt service on the Series 2024 Bonds shall be deposited by the County in the Sinking Fund. The monies in the Sinking Fund allocable to the Series 2024 Bonds shall be used solely for the payment of the principal of and interest on the Series 2024 Bonds as the same become due and payable, and the registered owners of said Series 2024 Bonds shall have a lien on all such monies in the Sinking Fund until paid and applied in the manner provided in the Bond Resolution. Monies in the Sinking Fund allocable to the Series 2024 Bonds shall be disbursed for: (i) the payment of the interest on the Series 2024 Bonds secured by the Bond Resolution as such interest falls due, (ii) the payment of the principal of the Series 2024 14 121 Bonds secured by the Bond Resolution at their respective maturities, (iii) the payment of the redemption of the Series 2024 Bonds secured by the Bond Resolution before maturity at the price and under the conditions provided therefor, (iv) the purchase of the Series 2024 Bonds in the open market and (v) the payment of necessary charges for paying the Series 2024 Bonds and interest thereon. See "Appendix C — Form of Bond Resolution" herein. Proceeds from the sale of the Series 2024 Bonds shall be deposited into the Project Fund to be used to finance the costs of the 2024 Project and pay costs associated with the issuance of the Series 2024 Bonds. The moneys required to be accounted for in each of the foregoing funds and accounts established in the Bond Resolution may be deposited in a single account, and funds allocated to the various funds and accounts established in the Bond Resolution may be invested in a common investment pool, provided that adequate accounting records are maintained to reflect and control the restricted allocation of the moneys on deposit in the Bond Resolution and such investments for the various purposes of such funds and accounts as provided in the Bond Resolution. The designation and establishment of the various funds and accounts in and by the Bond Resolution shall not be construed to require the establishment of any completely independent, self -balancing funds as such term is commonly defined and used in governmental accounting, but rather is intended solely to constitute an earmarking of certain revenues for certain purposes and to establish certain priorities for application of such revenues as provided in the Bond Resolution. No Debt Service Reserve The County has not created any debt service reserve fund or account to secure the repayment of the Series 2024 Bonds. Investments in Funds and Accounts The Bond Resolution provides that moneys on deposit in the Sinking Fund and the Project Fund, may be invested and reinvested in investments permitted by Florida law and the County's internal investment policy (See "INVESTMENT POLICY OF THE COUNTY" herein) maturing not later than the date on which the moneys therein will be needed for the purposes of such fund or account. Any and all income received by the County from the investment of moneys in such funds and accounts shall be retained in such respective funds and accounts. 15 122 AD VALOREM TAXATION General Under Florida law, ad valorem property taxes may be levied only by counties, school districts, municipalities and certain special districts. No ad valorem taxes may be levied by the State upon real estate or tangible personal property. The assessment of all properties and the collection of all county, municipal and other local government property taxes are consolidated in the office of each County Property Appraiser and County Tax Collector. The laws of the State of Florida regulating tax assessment are designed to assure a consistent property valuation method statewide. The Florida Constitution limits the aggregate rate of ad valorem taxes that may be levied on real and personal property. The limitation, except as noted below, is ten (10) mills each for all county and municipal purposes. A mill is equal to one-tenth (0.1) of one cent of one dollar or $1.00 for every $1,000 of assessed value. The Florida Constitution excludes from the general 10 mill cap ad valorem taxes which are necessary to pay debt service on voter approved general obligation bonds, such as the ad valorem taxes that secure the Series 2024 Bonds and other voter approved levies. Each respective millage rate, except as limited by law, is set on the basis of estimates of revenue needs and total taxable property valuations within the taxing authority's respective jurisdiction. Ad valorem taxes are not levied in excess of actual budget requirements. In setting millage rates, the county is required by Section 200.065, Florida Statutes, to assume no less than a 95% tax collection rate. The following uses of real property are generally exempt from ad valorem taxation: religious, educational, charitable, scientific, literary and governmental. In addition, there are a variety of special exemptions, including but not limited to, for widows, hospitals, homesteads, working waterfronts and homes for the aged and disabled veterans and first responders. The general "homestead exemption" exempts from taxation the first $25,000 of the assessed valuation of a residence occupied by the owner on a permanent basis, as of January 1 of the year of valuation. Agricultural land, noncommercial recreational land, inventory and livestock are assessed at less than 100 percent of fair market value. See also "AD VALOREM TAXATION - Constitutional Amendments and Legislative Initiatives Affecting Ad Valorem Taxes" herein. Procedure for Property Assessment Real and personal property valuation is determined as of January 1 by each County Property Appraiser. Except as noted below under "AD VALOREM TAXATION - Constitutional Amendments and Legislative Initiatives Affecting Ad Valorem Taxes," all taxable real and tangible personal property must be assessed at 100% of fair market value. 16 123 The Property Appraiser of Indian River County (the "Property Appraiser") determines property valuation on real and tangible personal property as of January 1 of each year. The Property Appraiser determines the valuation of all real and personal property by July 1 of each year and notifies the County, each municipality within the County, the Indian River County School District (the "School District") and each other legally constituted special taxing district as to its just valuation, notes the legal adjustments and exemptions and the taxable valuation. The taxable valuation is then used by each taxing body to calculate its ad valorem millage for the budget year. Each taxing body must advertise its budget, stating the proposed millage and hold public hearings on such budgets. Final budgets are determined by each taxing body and the millage is certified to the Property Appraiser by October 1. Concurrently, the Property Appraiser notifies each property owner of the proposed valuation and the proposed millage on such property. If the individual property owner believes that his or her property has not been appraised at fair market value, the owner may file a petition with the Indian River County Value Adjustment Board (the "Adjustment Board"). Taxpayers appealing the assessed value or assigned classification of their property must make a required partial payment of taxes (generally equal to 75% of the ad valorem taxes due, less the applicable statutory discount, if any) with respect to properties that will have a petition pending on or after the delinquency date (normally, the following April 1). A taxpayer's failure to make the required partial payment before the delinquency date will result in the denial of the taxpayer's petition. The Adjustment Board appoints independent special magistrates (real estate appraisers and/or attorneys) who hold public hearings on such petitions and determine whether adjustments to the valuations made by the Property Appraiser should be made, if such valuations were found not to be fair and at market value. The Adjustment Board must complete all required hearings and certify its decision with regard to all petitions and certify to the Property Appraiser the valuation to be used by June 1 following the tax year in which the assessments were made. These changes are then made to the final tax roll. The June 1 requirement shall be extended until December 1 in each year in which the number of petitions filed with the Adjustment Board increased by more than 10% over the previous year. The decision of the Adjustment Board may be appealed to the Circuit Court. The Property Appraiser applies the final certified millage of each taxing body to the assessed valuation on each item of real and tangible personal property and prepares the final tax roll which is certified to the Indian River County Tax Collector (the "Tax Collector") by October 1. This permits the printing of tax bills for delivery on November 1 of each year. The tax bills contain all of the overlapping and underlying millages set by the various taxing bodies so that all ad valorem taxes are collected by the Tax Collector and distributed to the various taxing bodies. See "AD VALOREM TAXATION - Assessed Value of Taxable Property" below for a historical table of assessed valuations. 17 124 Setting the Millage The Property Appraiser assesses and the Tax Collector collects all ad valorem taxes within the County. While one tax bill emanates from the Tax Collector, the bill represents ad valorem taxes levied by the County, the School District, municipalities and other taxing authorities. The Florida Constitution limits the non -voted millage rate that counties may levy on an annual basis for county purposes to 10 mills ($10 per $1,000 of taxable real and personal property value). The millage limitation does not apply to taxes approved at referendum by qualified electors in the county for general obligation bonds (such as the Series 2024 Bonds) and for certain other voter approved levies. Each respective millage rate, except as limited by law, is set on the basis of estimates of revenue needs and the total taxable property values within the taxing authority's respective jurisdiction. Revenues derived from ad valorem property taxes are budgeted, as required by Florida law, on the application of millage levies equal to 95% of the non- exempt assessed valuation of property in the county. Ad valorem taxes are not levied in excess of actual budget requirements. Historical and Current Millages The following table contains the tax millage rates of the County and other taxing authorities within the County for the Fiscal Years 2020-2024: [Remainder of page intentionally left blank] IN 125 Indian River County, Florida Property Tax Millage Rates for Direct and Overlapping Governments Fiscal Years 2020-2024 (Millage Rates Rounded to Nearest Thousandth) County direct rates General fund Municipal service Total direct rate (a) County -wide district school board rate Other County -wide rates Emergency Management Services District Land acquisition bond Total other County -wide rates Total County -wide rate W City rates Fellsmere Indian River Shores Sebastian Orchid Vero Beach Average of cities rates Other special district rates Fiscal Year 2020 2021 2022 2023 2024 3.5475 3.5475 3.5475 3.5475 3.5475 1.1506 1.1506 1.1506 1.1506 1.1506 4.6981 4.6981 4.6981 4.6981 4.6981 6.5690 6.3960 6.2680 5.9850 5.9110 2.3655 2.3531 2.3531 2.3531 2.3531 0.2568 - - - - 2.6223 2.3531 2.3531 2.3531 2.3531 13.8894 13.4472 13.3192 13.0362 12.9622 5.2210 5.3226 5.3226 5.2210 5.5150 1.3349 1.3349 1.3349 1.3349 1.3349 2.9399 3.1514 3.0043 2.9050 3.1955 1.6000 1.9000 1.4000 1.1000 1.0000 2.5000 2.5000 2.5000 2.6964 2.7680 2.7192 2.8418 2.7124 2.6515 2.7627 1.4091 1.3929 1.2933 1.0677 1.0657 (a) Per Florida State Statute 200.081, no ad valorem tax millage shall be levied against real property and tangible personal property by counties in excess of 10 mills, except for voted levies. (b) Total County -wide rate is borne by all property owners within the County boundaries. Source: Indian River County Property Appraiser, www.ircpa.org Procedures for Tax Collection and Distribution All real and tangible personal property taxes are due and payable on November 1 of each year, or as soon thereafter as the tax roll is certified and delivered to the Tax Collector. The Tax Collector mails a notice to each property owner on the tax roll for the taxes levied by the County, the School District, municipalities within the County and other taxing authorities. Taxes may be paid upon receipt of such notice, with discounts at the rate of 4% if paid in the month of November; 3% if paid in the month of December; 2% if paid in 19 126 the month of January and I% if paid in the month of February. Taxes paid in the month of March are without discount. All unpaid taxes on real and personal property become delinquent on April 1 of the year following the year in which taxes were levied. Delinquent real property taxes bear interest at the rate of 18% per year from April 1 until a tax certificate is sold at auction, from which time the interest rate shall be as bid by the buyer of the tax certificate. Delinquent tangible personal property taxes also bear interest at the rate of 18% per year from April 1 until paid. Delinquent personal property taxes must be advertised within 45 days after delinquency, and after May 1, the property is subject to warrant, levy, seizure and sale. On or before June 1 or the 60th day after the date of delinquency, whichever is later, the Tax Collector must advertise once each week for three weeks and must sell tax certificates on all real property with delinquent taxes. The tax certificates are sold to those bidding the lowest interest rate to be borne by the certificates. Such certificates include the amount of delinquent taxes, the penalty interest accrued thereon and the cost of advertising. Delinquent tax certificates not sold at auction become the property of the County. Florida law provides that real property tax liens are superior to all other liens, except prior Internal Revenue Service liens. To redeem a tax certificate, the owner of the property must pay all delinquent taxes, the interest that accrued prior to the date of the sale of the tax certificate, charges incurred in connection with the sale of the tax certificate, omitted taxes, if any, and interest at the rate shown on the tax certificate (or interest at the rate of 5%, whichever is higher) from the date of the sale of the tax certificate to the date of redemption. If such tax certificates or liens are not redeemed by the property owner within two years, the holder of the tax certificates can cause the property to be sold to pay off the outstanding certificates and the interest thereon. Provisions are also made for the collection of delinquent tangible personal property taxes, but in a different manner which includes the possible seizure of the tangible personal property. Florida law requires the Tax Collector to distribute the taxes collected to each governmental unit levying the tax. Such distribution is to be made four times during the first two months after the tax roll comes into its possession, and once per month thereafter. [Remainder of page intentionally left blank] 20 127 Rs i ci ci IV N O N O N U v rM r u a� A � Moo W) tn r r ---- - -- v� 0 M M M M o0 0o OO OO OO M 'T 47 4) 10 �O \o 110 \O F W)MO[-[�MoO .T C\ ti' 00 �.O O~ O^��NI�NWnooMoo"t -- 00 C1 t06 r- 00 CO r_ M ,7 tnMtnONtn QNa',tn co Nd,Od�M��OMM[- F a� a,Nr.�VOooC�tn V� O to O O I- O oO l- oo �o a*, y r- 00 It M N o0 to In to M to M N N M 1�6 r 00 C� O M �O F � w10Mv�i\C�nOOMN M� NN r_ l_NMt �O'IT CC ' l,- in Z 31 qt N N r` 47 a\ [� O" O N \O q' N O' O n y Cir r- C) w to to a, N N M oo y O C'� l� Wn M N N [- D1 CN l- O y W a'T �,O -- M �-- •-- O O to N a t N �'o 00 00 01 C1 C� t C� t--- NknooNMto—[-T .. to �.O C1 M I�t O — O to — C1 M 00 vl O 00 N l n 00 MC) C1 to C� �O a1 C� C1 00 q�t V O N C', .--� C,\ I'D O M N C� It d' a q1t M OI_�C�, �OOI^ItM oo C*, N O .-- C� C� O .-- O0 O CNN Wn1-tONkn[-ooMO O r r; oo o 't to rl- w C> - to F �•-+•�NNNNNMM� "O Cl �n M tn O D\ to C', C1 V "O N to w w OO N O. r- OO Q Otn0000 C�I_�, It a 00 O tr 4 to N o0 O H +' — C\ W) M r-+ VA C\ 00 4 \O F a > .--i N 'O 'C o0 \O 00 [ � [� --� W) t- \Z W t It [-- N O ',G N O M C1 C1 C1 l- M M O to 00 C1 y„ ',O ',O �,O �,O 'O \O l- 00 00 C', N -- C\ r- N M N `7 O N W M C1 M M tn�c N 00 O m M -- ,� N M 00 d� OO p O It Cowlv.-,v1oor-M O(ON 11O�OW)v) qttvW)00v) 'C� -- , " CS N r-:, N O N .--i i�r O M N vi .-- tr) vi — r` — N 00 .. 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N M t N N N N N y 0 0 0 0 0 0 0 0 0 0 6 6 N N N N N N N N N N N a� 0 N cO lid N of N P -I Ad Valorem Tax Levies and Collections The following table sets forth the amounts billed and the percent collected for ad valorem property taxes levied by the County for the last ten Fiscal Years: Indian River County, Florida Property Tax Levies and Collections (Unaudited) Last Ten Fiscal Years [Remainder of page intentionally left blank] 22 129 % of Current % of Total Tax Total Tax Current Tax Tax Collections Delinquent Tax Total Tax Collections to Year Levy Collections to Tax Levy Collections Collections Tax Levy 2014 $75,101,883 $72,572,593 96.63% $149,546 $72,722,139 96.83% 2015 79,309,078 76,537,192 96.50 91,754 76,628,946 96.62 2016 87,611,062 84,648,230 96.62 60,147 84,708,377 96.69 2017 93,167,061 90,100,287 96.71 78,624 90,178,911 96.79 2018 102,322,230 98,568,670 96.33 40,811 98,609,481 96.37 2019 108,994,936 105,148,685 96.47 26,255 105,174,940 96.50 2020 118,478,616 114,292,023 96.47 108,270 114,400,293 96.56 2021 119,796,353 115,517,250 96.43 67,544 115,584,794 96.48 2022 126,027,404 121,551,348 96.45 82,076 121,633,424 96.51 2023 143,132,352 137,866,142 96.32 80,377 137,946,519 96.38 Source: Indian River County, Florida Annual Comprehensive Financial Report for the Fiscal Year ended September 30, 2023. [Remainder of page intentionally left blank] 22 129 Principal Taxpayers The following table sets forth the principal property taxpayers in Indian River County, Florida for Fiscal Year 2024 (relating to taxes levied in tax/calendar year 2023): Indian River County, Florida Principal Property Taxpayers (Unaudited) Sources: Indian River County Property Appraiser; Indian River County, Florida annual budgets. Constitutional Amendments and Legislative Initiatives Affecting Ad Valorem Taxes Several amendments to the Florida Constitution and Florida legislative initiatives affecting ad valorem taxes have been approved by voters in the past including, but not limited to, the following. Save Our Homes Amendment. By voter referendum held on November 2, 1992, Article VII, Section 4 of the Florida Constitution was amended by adding thereto a subsection which, in effect, limits the increases in assessed just value of homestead property to the lesser of (1) three percent of the assessment for the prior year or (2) the percentage change in the Consumer Price Index for all urban consumers, U.S. City Average, all items 1967=100, or successor reports for the preceding calendar year as initially reported by the United States Department of Labor, Bureau of Labor Statistics. Further, the amendment provides that (a) no assessment shall exceed just value, (b) after any change of ownership of homestead property or upon termination of homestead status such property shall be reassessed at just value as of January 1 of the year following the year of sale or change of status, (c) new homestead property shall be assessed at just value as of January 1 of the year following the establishment of the homestead, and (d) changes, additions, reductions or improvements to homestead shall initially be assessed as provided 23 130 Fiscal Year 2024 Taxes Levied % of Total Taxpayer in thousands Rank Taxes Levied Florida Power & Light $1,400,050,404 1 5.26% Disney Vacation Dev. Inc. 154,652,913 2 0.58 John's Island Club, Inc. 97,397,766 3 0.37 MPT of Sebastian -Steward, LLC 69,700,220 4 0.26 Welltower TCG Ridea Landlord, LLC 64,247,752 5 0.24 TSO Vero -Beach, LP 61,362,828 6 0.23 EPC Guardian, LLC 60,742,348 7 0.23 Adult Community Total Services, Inc. 58,695,402 8 0.22 Windsor Properties 57,311,178 9 0.22 GFVT LLC 53,385,100 10 0.20 Total Principal Property Taxpayers Real Property Assessed Valuation $2,077,545,911 7.81% Total County Taxable Valuation $26,591,753,468 Sources: Indian River County Property Appraiser; Indian River County, Florida annual budgets. Constitutional Amendments and Legislative Initiatives Affecting Ad Valorem Taxes Several amendments to the Florida Constitution and Florida legislative initiatives affecting ad valorem taxes have been approved by voters in the past including, but not limited to, the following. Save Our Homes Amendment. By voter referendum held on November 2, 1992, Article VII, Section 4 of the Florida Constitution was amended by adding thereto a subsection which, in effect, limits the increases in assessed just value of homestead property to the lesser of (1) three percent of the assessment for the prior year or (2) the percentage change in the Consumer Price Index for all urban consumers, U.S. City Average, all items 1967=100, or successor reports for the preceding calendar year as initially reported by the United States Department of Labor, Bureau of Labor Statistics. Further, the amendment provides that (a) no assessment shall exceed just value, (b) after any change of ownership of homestead property or upon termination of homestead status such property shall be reassessed at just value as of January 1 of the year following the year of sale or change of status, (c) new homestead property shall be assessed at just value as of January 1 of the year following the establishment of the homestead, and (d) changes, additions, reductions or improvements to homestead shall initially be assessed as provided 23 130 for by general law, and thereafter as provided in the amendment. The amendment is known as the "Save Our Homes" amendment. The effective date of the amendment was January 5, 1993 and, pursuant to a ruling by the Supreme Court of the State of Florida, it began to affect homestead property valuations commencing January 1, 1995 with 1994 assessed values being the base year for determining compliance. Constitutional amendments related to ad valorem exemptions. On January 29, 2008, in a special election held in conjunction with Florida's presidential primary, the requisite number of voters approved amendments to the State Constitution exempting certain portions of a property's assessed value from taxation. The amendments were effective beginning with the 2008 tax year. The following is a brief summary of certain important provisions contained in such amendments: • Provides for an additional exemption for the assessed value of homestead property between $50,000 and $75,000, thus doubling the existing general homestead exemption for property with an assessed value equal to or greater than $75,000. See "AD VALOREM TAXATION - General" herein for a description of the general $25,000 homestead exemption. • Permits owners of homestead property to transfer their Save Our Homes benefit (up to $500,000) to a new homestead property purchased within two years of the sale of their previous homestead property to which such benefit applied if the just value of the new homestead is greater than or is equal to the just value of the prior homestead. If the just value of the new homestead is less than the just value of the prior homestead, then owners of homestead property may transfer a proportional amount of their Save Our Homes benefit, such proportional amount equaling the just value of the new homestead divided by the just value of the prior homestead multiplied by the assessed value of the prior homestead. As discussed above, the Save Our Homes amendment generally limits annual increases in ad valorem tax assessments for those properties with homestead exemptions to the lesser of 3% or the annual rate of inflation. • Exempts from ad valorem taxation $25,000 of the assessed value of property subject to tangible personal property tax. • Limits increases in the assessed value of non -homestead property to 10% per year, subject to certain adjustments. The cap on increases is in effect for a 10 -year period, subject to extension by an affirmative vote of electors. See "- Extending the Limitation on Assessed Values of Non -Homesteaded Real Property" below for information concerning another approved constitutional amendment to extend the 10% cap on increases of non - homesteaded properties. Homestead Exemption Increase for Low -Income Seniors and Disabled Veterans. In the November 7, 2006 general election, the voters of Florida approved amendments to the State Constitution, which provide for an increase in the homestead (ad valorem tax) 24 131 exemption to $50,000 from $25,000 for certain low-income seniors effective January 1, 2007 and provide a discount from the amount of ad valorem taxes for certain permanently disabled veterans effective December 7, 2006, respectively. Homestead Portability Amendment. During the 2020 State legislative session, a constitutional amendment was proposed by the State legislature which would extend the period for a homestead property owner to transfer a prior Save Our Homes benefit to a new homestead from two years to three years (the "Portability Amendment"). Specifically, the Portability Amendment allows a homeowner who establishes a new homestead as of January 1 to have the new homestead assessed at less than just value if the homeowner received a prior homestead exemption as of January 1 of any of the immediately preceding three years. The Portability Amendment was approved by voters on November 3, 2019 and such amendment took effect on January 1, 2021. Exemptions for Certain Property Uses. In the November 4, 2008 general election, the voters of the State approved amendments to the State Constitution providing the Florida Legislature with authority to enact exemptions or special assessment protections for certain types of property subject to ad valorem taxation, including exemptions for conservation lands and residential wind damage resistance and renewable energy source improvements, and restrictions on the assessment of working waterfront properties. Thereafter, legislation was enacted which creates an exemption for land used exclusively for conservation purposes. Such exemption applies to property tax assessments made on or after January 1, 2011. Exemption for Deployed Military Personnel. In the November 2010 general election, voters approved a constitutional amendment which provides an additional homestead exemption for deployed military personnel. The exemption equals the percentage of days during the prior calendar year that the military homeowner was deployed outside of the United States in support of military operations designated by the legislature. This constitutional amendment took effect on January 1, 2011. Exemption for Disabled Veterans. In the November 2012 General Election, voters approved a constitutional amendment which allows totally or partially disabled veterans who were not Florida residents at the time of entering military service to qualify for the combat -related disabled veteran's ad valorem tax discount on homestead property. The amendment became effective on January 1, 2013. Exemption for Surviving Spouse of Veterans and First Responders. In the November 2012 General Election, voters approved a constitutional amendment which allows the State Legislature to provide ad valorem tax relief to the surviving spouse of a veteran who died from service -connected causes while on active duty as a member of the United States Armed Forces and to the surviving spouse of a first responder who died in the line of duty. The amount of tax relief, to be defined by general law, can equal the total amount or a portion of the ad valorem tax otherwise owed on the homestead property. The 25 132 amendment became effective on January 1, 2013. During the 2020 State legislative session, a constitution amendment was proposed by the State legislature which would extend the discount on ad valorem taxes provided to certain honorably discharged veterans to their surviving spouses (the "Surviving Spouse Exemption"). Specifically, the Surviving Spouse Exemption allows the same ad valorem tax discount on a homestead property for combat disabled veterans age 65 or older to transfer to the surviving spouse of a veteran receiving the discount if the surviving spouse holds the legal or beneficial title to the homestead, permanently resides thereon, and does not remarry. The amendment was approved by voters on November 3, 2019 and such amendment took effect on January 1, 2021. Exemption for Low Income Seniors. In the November 2012 General Election, voters approved a constitutional amendment which allows the State Legislature by general law to permit counties and municipalities, by ordinance, to grant an additional homestead tax exemption equal to the assessed value of homestead property to certain low income seniors. To be eligible for the additional homestead exemption, the county or municipality must have granted the exemption by ordinance, the property must have a just value of less than $250,000, the owner must have title to the property and maintained his or her permanent residence thereon for at least 25 years, the owner must be age 65 years or older and the owner's annual household income must be less than $27,300. The County has granted this additional exemption. The additional homestead tax exemption authorized by HJR 169 does not apply to school property taxes. In the November 2016 General Election, voters approved a constitutional amendment changing the existing homestead tax exemption for low-income seniors so that the value of property owned by eligible senior citizens with a household income of $20,000 or less could be assessed when they first apply for the exemption. The measure was designed to ensure eligible seniors' ability to be able to keep their tax exemption even if their home value exceeded $250,000 in the future. The amendment took effect on January 1, 2017 but is retroactive to January 1, 2013, meaning a senior who qualified for the exemption in 2013, but lost it, would regain the exemption. Various Changes to Ad Valorem Assessment, Exemptions and Definitions. During its 2013 Regular Session, the Florida Legislature passed Senate Bill 1830 ("SB 1830"), which was signed into law by the Governor and creates a number of changes affecting ad valorem taxation which became effective as of July 1, 2013. First, SB 1830 provides long- term lessees the ability to retain their homestead exemption and related assessment limitations and exemptions in certain instances and extends the time for property owners to appeal value Adjustment Board decisions on transfers of assessment limitations to conform with general court filing time frames. Second, SB 1830 inserts the term "algaculture" in the definition of "agricultural purpose" and inserts the term "aquacultural crops" in the provision specifying the valuation of certain annual agricultural crops, nonbearing fruit trees and nursery stock. Third, SB 1830 allows for an automatic renewal M91 133 for assessment reductions related to certain additions to homestead properties used as living quarters for a parent or grandparent and aligns related appeal and penalty provisions to those for other homestead exemptions. Fourth, SB 1830 deletes a statutory requirement that the owner of Florida real property permanently reside upon such property in order to qualify for a homestead exemption. This change conforms the statute at issue with the Florida Constitution by allowing non-resident owners of property to claim a homestead exemption if a person legally or naturally dependent upon the owner permanently resides on such property. Fifth, SB 1830 clarifies a drafting error regarding the property tax exemptions counties and cities may provide for certain low-income persons age 65 and older. Sixth, SB 1830 removes a residency requirement that a senior disabled veteran must have been a Florida resident at the time they entered the service to qualify for certain property tax exemptions. Seventh, SB 1830 repeals the ability for limited liability partnerships with a general partner that is a charitable 501(c)(3) organization to qualify for the affordable housing property tax exemption. Finally, SB 1830 exempts from property taxes property used exclusively for educational purposes when the entities that own the property and the educational facility are the same natural persons. Assessment of Renewable Energy Devices Upon Residential Property. Also during the Florida Legislature's 2013 Regular Session, the Florida Legislature passed House Bill 277 ("HB 277"), which provides that certain renewable energy devices are exempt from being considered when calculating the assessed value of residential property. HB 277 only applies to devices installed on or after January 1, 2013. HB 277 took effect on July 1, 2013. Reclassification of Agricultural Lands. Also during the Florida Legislature's 2013 Regular Session, the Florida Legislature passed House Bill 1193 ("HB 1193"), which eliminated three ways in which the Property Appraiser had authority to reclassify agricultural land as non-agricultural land. Additionally, HB 1193 relieves the value Adjustment Board of the authority to review the Property Appraisers' classifications of land upon its own motion. HB 1193 applies retroactively as of January 1, 2013. Exemption and Assessment of Renewable Energy Devices Upon all Real Property. In the August 2016 primary election, the voters in the State approved a constitutional amendment exempting the assessed value of certain renewable energy devices from the ad valorem tax on tangible personal property and prohibiting certain renewable energy devices from being considered when calculating the assessed value of all real property, not just real property used for residential purposes as provided for in HB 277 described above. This constitutional amendment took effect on January 1, 2018 and expires on December 31, 2037. Exemption for Disabled First Responders. In the November 2016 General Election, voters approved a constitutional amendment authorizing first responders who are totally and permanently disabled as a result of injuries sustained in the line of duty to receive ad 27 134 valorem tax relief on the homestead property. The amount of tax relief, to be defined by general law, can equal the total amount or a portion of the ad valorem tax otherwise owed on the homestead property. Florida defines first responders as law enforcement officers, correctional officers, firefighters, emergency medical technicians and paramedics. This amendment took effect on January 1, 2017. Extending the Limitation on Assessed Values of Non -Homesteaded Real Property. In the November 2018 General Election, voters approved a constitutional amendment removing the scheduled January 1, 2022 repeal of the limitation prohibiting the increase in the assessed value of non -homestead property to 10% per year. The limitation does not apply to property taxes levied by school districts. This amendment took effect on January 1, 2019. Exempting Assessed Value of a Renewable Energy Device. During the Florida Legislature's 2017 Regular Session, the Florida Legislature passed SB 90 ("SB 90") implementing Amendment 4, which was approved by the voters in August 2016. SB 90 exempts the assessed value of a renewable energy device from tangible personal property tax and the installation of those devices from determining the assessed value of real property, both residential and non-residential, for the purpose of ad valorem taxation. SB 90 also revises the definition of "renewable energy source device" to include power conditioning and storage devices, wiring, structural support and other components used as integral parts of such systems. The changes made by SB 90 expire on December 31, 2037. Historically, various legislative proposals and constitutional amendments relating to ad valorem taxation have been introduced in each session of the State legislature. Many of these proposals have provided for new or increased exemptions to ad valorem taxation and limited increases in assessed valuation of certain types of property or otherwise restricted the ability of local governments in the State to levy ad valorem taxes at current levels. There can be no assurance that similar or additional legislative or other proposals will not be introduced or enacted in the future that would have a material adverse effect upon the collection of ad valorem taxes by the County, the County's finances in general or the County's ad valorem taxing power. CERTAIN INVESTMENT CONSIDERATIONS The purchase of the Series 2024 Bonds involves a degree of risk, as is the case with all investments. Factors that could affect the market price of the Series 2024 Bonds or the County's ability to perform its obligations under the Bond Resolution, including the timely payment of principal of and interest on the Series 2024 Bonds, include, but are not limited to, the following: 1. There is no assurance that any rating assigned to the Series 2024 Bonds by the rating agencies will continue for any given period of time or that it will not be lowered 135 or withdrawn entirely by such rating agency, if in its judgment, circumstances warrant. A downgrade change in or withdrawal of any rating may have an adverse effect on the market price of the Series 2024 Bonds. 2. In the event of a default in the payment of principal of and interest on the Series 2024 Bonds, the remedies of the owners of the Series 2024 Bonds are limited under the Bond Resolution and may be further limited under Florida law. 3. There can be no assurance that legislation or other proposals will not be introduced or enacted in the future that would, or might apply to, or have a material adverse effect upon, the levy or collection of Ad Valorem Taxes or the County's finances. 4. The State of Florida is naturally susceptible to the effects of extreme weather events and natural disasters including floods, droughts, and hurricanes, which could result in negative economic impacts on communities including the County. Such effects can be exacerbated by a longer-term shift in the climate over several decades (commonly referred to as climate change, generally discussed in paragraph 5 below), including increasing global temperatures and rising sea levels. The occurrence of such extreme weather events could damage local infrastructure that provides essential services to the County. The economic impacts resulting from such extreme weather events could include a loss of revenue, interruption of service, and escalated recovery costs. 5. Numerous scientific studies on climate change show that, among other effects on the global ecosystem, sea levels may rise, extreme temperatures may become more common, and extreme weather events may become more frequent as a result of increasing global temperatures attributable to atmospheric pollution. Sea levels may continue to rise in the future due to the increasing temperature of the oceans causing thermal expansion and growing ocean volume from glaciers and ice caps melting into the ocean. Coastal areas like the County are at risk of substantial flood damage over time, affecting private development and public infrastructure, including roads, utilities, emergency services, schools, and parks. If this were to happen, the County could lose considerable tax revenues and many residents, businesses, and governmental operations along the waterfront could be displaced, and the County could be required to mitigate these effects at a potentially material cost. The County is unable to predict whether sea level rise or other impacts of climate change will occur, when they may occur, and if any such events occur, whether they will have a material adverse effect on the business operations or financial condition of the County. Additionally, climate change concerns have led, and may continue to lead, to new laws and regulations at the federal and state levels (including but not limited to air, water, hazardous substances and solid waste regulations) that could have a material adverse effect on the operations and/or financial condition of the County. 6. Computer networks and systems used for data transmission and collection are vital to the efficient operations of the County. County systems provide support to departmental operations and constituent services by collecting and storing sensitive data, we, 136 including intellectual property, security information, proprietary business process information, information applying to suppliers and business partners, and personally identifiable information of customers, constituents and employees. The secure processing, maintenance and transmission of this information is critical to department operations and the provision of citizen services. Increasingly, governmental entities are being targeted by cyberattacks (including, but not limited to, hacking, viruses, malware and other attacks on computers and other sensitive digital networks and systems) seeking to obtain confidential data or disrupt critical services. A rapidly changing cyber risk landscape may introduce new vulnerabilities and avenues that attackers/hackers can exploit in attempts to cause breaches or service disruptions. Employee error and/or malfeasance may also contribute to data loss or other system disruptions. Additionally, the County's computer networks and systems routinely interface and rely on third party systems that are also subject to the risks previously described. Any such breach could compromise networks and the confidentiality, integrity and availability of systems and the information stored there. The potential disruptions, access, modification, disclosure or destruction of data could result in interruption of the efficiency of County commerce, initiation of legal claims or proceedings, liability under laws that protect the privacy of personal information, regulatory penalties, disruptions in operations and the services provided and the loss of confidence in County operations, ultimately adversely affecting County revenues. The County's cyber security program is managed by cyber security professionals within the Information Technology Department. This group's primary concern is protecting electronic assets and sensitive data stored on and transmitted through the County's networks and servers. This chiefly includes all financial data, employee records and other sensitive personnel information and sensitive customer data. Preventative actions being taken by the County include diligent firewall monitoring, proactive security evaluation of new software prior to launching them on the County's networks and servers, institution and consistent application of PCI (Payment Card Industry) security standards, and annual cybersecurity training for County employees. Access to County systems ends upon termination of employment with the County, and County -owned electronic assets are obtained from the terminated employee at that time. All external emails are heavily screened to ensure the County's cyber defenses are not penetrated. HIPAA (Health Insurance Portability and Accountability Act) and PCI compliance are also areas of great concern with respect to the County's cybersecurity efforts. Despite the County's efforts in this area, no assurance can be given that any cyberattacks, if successful, will not have a material adverse effect on the operations or financial condition of the County. 7. The outbreak of the highly contagious COVID-19 pandemic in the United States in March 2020 generally had a disruptive financial impact on local, state and national economies around the country, including without limitation fueling inflation and creating supply chain issues. COVID-19 was considered a Public Health Emergency of International Concern by the World Health Organization. This led to quarantine and other "social distancing" measures throughout the United States. These measures included 30 137 recommendations and warnings to limit non-essential travel and promote telecommuting. There can be no guarantee that State and/or local shut downs or closures similar to those implemented in 2020 will not happen in the future. It is possible the United States, including the State and the County, may experience increased COVID-19 cases, hospitalizations, and deaths as a result of current or future variants, or may experience a new viral pandemic, which could, in turn, impact State and local government finances. Prospective purchasers of the Series 2024 Bonds should review carefully all of the provisions of the Bond Resolution the form of which is included in Appendix C attached to this Official Statement. EMPLOYEE RETIREMENT PLANS AND OTHER POST EMPLOYMENT BENEFITS Employee Retirement Plans General Information. All of the County's employees participate in the Florida Retirement System (the "FRS"). As provided by Chapters 121 and 112, Florida Statutes, the FRS provides two cost sharing multiple -employer defined benefit plans administered by the Florida Department of Management Services, Division of Retirement, including the FRS Pension Plan (the "Pension Plan") and the Retiree Health Insurance Subsidy (the "HIS Program"). Under Section 121.4501, Florida Statutes, the FRS also provides a defined contribution plan (the "Investment Plan") alternative to the Pension Plan, which is administered by the State Board of Administration (the "SBA"). As a general rule, membership in the FRS is compulsory for all employees working in a county, state university, community college, or a participating city or special district within the State of Florida. The FRS provides retirement and disability benefits, annual cost -of -living adjustments, and death benefits to plan members and beneficiaries. Benefits are established by Chapter 121, Florida Statutes and Chapter 60S, Florida Administrative Code. Amendments to the law can be made only by an act of the Florida Legislature. The State annually issues a publicly available financial report that includes financial statements and required supplementary information for the FRS. The latest available report may be obtained by writing to the State of Florida Division of Retirement, Department of Management Services, PO Box 9000, Tallahassee, Florida 32315-9000. That report may also be viewed on the FRS's website located at: www.dms.myflorida.com/workforce_ operations/retirement/publications. Description of the Pension Plan. The Pension Plan is a cost-sharing multiple - employer defined benefit pension plan with a Deferred Retirement Option Program ("DROP") available for eligible employees. 31 138 Pension Plan Benefits. Benefits under the Pension Plan are computed on the basis of age, average final compensation, and service credit. For Pension Plan members enrolled before July 1, 2011, regular class members who retire at or after age 62 with at least six years of credited service or 30 years of service regardless of age are entitled to a retirement benefit payable monthly for life, equal to 1.6% of their final average compensation based on the five highest years of salary for each year of credited service. Vested members with less than 30 years of service may retire before age 62 and receive reduced retirement benefits. Special Risk class members (sworn law enforcement officers, firefighters, and correctional officers) who retire at or after age 55 with at least six years of credited service, or with 25 years of service regardless of age, are entitled to a retirement benefit payable monthly for life equal to 3.0% of their final average compensation based on the five highest years of salary for each year of credited service. Senior Management Service class members who retire at or after age 62 with at least six years of credited service or 30 years of service regardless of age are entitled to a retirement benefit payable monthly for life, equal to 2.0% of their final average compensation based on the five highest years of salary for each year of credited service. Elected Officers' class members who retire at or after age 62 with at least six years of credited service or 30 years of service regardless of age are entitled to a retirement benefit payable monthly for life, equal to 3.0% (3.33% for judges and justices) of their final average compensation based on the five highest years of salary for each year of credited service. For Plan members enrolled on or after July 1, 2011, the vesting requirement is extended to eight years of credited service for all these members and increasing normal retirement to age 65 or 33 years of service regardless of age for Regular, Senior Management Service, and Elected Officers' class members, and to age 60 or 30 years of service regardless of age for Special Risk class members. Also, the final average compensation for all these members will be based on the eight highest years of salary. As provided in Section 121.101, Florida Statutes, if the member is initially enrolled in the Pension Plan before July 1, 2011 and all service credit was accrued before July 1, 2011, the annual cost -of -living adjustment is 3% per year. If the member is initially enrolled before July 1, 2011 and has service credit on or after July 1, 2011, there is an individually calculated cost -of -living adjustment. The annual cost -of -living adjustment is determined by dividing the sum of the pre -July 2011 service credit by the total service credit at retirement multiplied by 3%. Plan members initially enrolled on or after July 1, 2011, will not have a cost -of -living adjustment after retirement. In addition to the above benefits, the DROP program allows eligible members to defer receipt of monthly retirement benefit payments while continuing employment with a WN 139 FRS employer for a period not to exceed 96 months after electing to participate. Deferred monthly benefits are held in the FRS Trust Fund and accrue interest. There are no required contributions by DROP participants. Pension Plan Contributions. The State of Florida establishes contribution rates for participating employers and employees in section 121.71 Florida Statutes. Effective July 1, 2011, the FRS became a contributory plan for all members, except DROP participants, whereby members contribute 3% and employers pay a rate based upon each member's employment class. Classes and rates in effect at July 1, 2023 were: Regular Class 13.57%, Special Risk 32.67%, Senior Management 34.52%, DROP 21.13%, and Elected Official class 58.68%. Included in these rates is a health insurance subsidy of 2.00%. Employer contributions to the FRS are based on a percentage of covered payroll that has been actuarially determined as an amount, when combined with the 3% employee contributions, is expected to finance the cost of benefits earned by employees during the year with an additional amount to finance any unfunded accrued liability. The County's actuarial contribution to FRS under the Pension Plan for the year ended September 30, 2023, was $17,998,343. Employee contributions for September 30, 2023 were $2,914,267. Both employer and employee contributions were equal to 100% of the required contribution. Pension Liabilities, Pension Expense, and Deferred Outflow of Resources and Deferred Inflow of Resources Related to Pension Plan. At September 30, 2023, the Division of Retirement calculated the County's liability of $142,901,121 for the FRS plan for its proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2023, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2023. The County's proportionate share of the net pension liability was based on a projection of the County's long-term share of contributions to the Pension Plan relative to the projected contributions of all participating employers, actuarially determined. At June 30, 2023, the County's proportionate share was 0.3586% for the Pension Plan. This was a decrease of 0.0032% from its proportionate share measured as of June 30, 2022. The County anticipates that the pension liability will be liquidated in the following manner: General Fund 58%, Emergency Services District Fund 29%, Enterprise Funds 7%, and the remaining 6% is by the Other Governmental Funds and Internal Service Funds. For the year ended September 30, 2023, the County's calculated total of actuarially determined pension expense was $17,106,599. In addition, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: 33 140 Description Differences between expected and actual experience Changes in assumptions Net difference between projected and actual earnings on pension plan investments Changes in proportion and differences between County contributions and proportionate share of contributions County contributions subsequent to the measurement date Total Deferred Deferred Outflows of Inflows of Resources Resources $13,417,182 - 9,315,479 - 5,967,938 - 3,076,821 $2,515,494 5,025,841 - $36,803,261 $2,515,494 The deferred outflows of resources related to the Pension Plan totaling $5,025,841 resulting from County contributions subsequent to the measurement date, will be recognized as a reduction of the net pension liability in the year ended September 30, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Fiscal Year Ending September 30 2024 2025 2026 2027 2028 Total Amount Recognized $3,988,027 (1,580,037) 23,929,986 2,273,149 650,801 $29,261,926 Actuarial Assumptions. The total pension liability in the July 1, 2023 actuarial valuation was determined using the following actuarial assumption, applied to all periods included in the measurement: Valuation date: Measurement date: Discount rate: Long-term expected rate of return: Inflation: Salary increase: Mortality: Actuarial cost method: July 1, 2023 June 30, 2023 6.70% 6.70%, net of pension plan investment expense, including inflation 2.40% 3.25%, including inflation PUB -2010 base table, projected generationally with Scale MP -2018 Individual Entry Age 34 141 The actuarial assumptions that determined the total pension liability used in the July 1, 2023 valuation were based on the results of an actuarial experience study for the period July 1, 2013 through June 30, 2018. There were no changes in actuarial assumptions in 2023. Long -Term, Expected Rate of Return: The long-term expected rate of return on pension plan investments are not based on historical returns, but instead are based on a forward-looking capital market economic model. The allocation policy's description of each class was used to map the target allocation to the asset classes shown below. Each asset class assumption is based upon a consistent set of underlying assumptions and includes an adjustment for the inflation assumption. The target allocation and best estimates of arithmetic and geometric real rates of return for each major asset class are summarized in the following table: Discount Rate for Pension Plan. The discount rate used to measure the total pension liability was 6.70%. The projection of cash flows used to determine the discount rate assumed that plan member contributions will be made at the current contribution rate and that the County's contributions will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Pension Plans' fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees if future experience follows assumptions and the actuarially determined contribution is contributed in full each year. Therefore, the discount rate for calculation of the total pension liability is equal to the long-term expected rate of return. Sensitivity of the County's Proportionate Share of the Net Position Liability to Changes in the Discount Rate for the Pension Plan. The following presents the County's proportionate share of the Net Pension Liability ("NPL") of the Pension Plan calculated using the discount rate of 6.70%. Also presented is what the County's proportionate share of the FRS plan NPL would be if it were calculated using a discount rate that is 1 % lower or I% higher than the current rate: 35 142 Compound Annual Annual Target Arithmetic (Geometric) Standard Asset Class Allocation Return Return Deviation Cash 1.0% 2.9% 2.9% 1.1% Fixed Income 19.8 4.5 4.4 3.4 Global Equity 54.0 8.7 7.1 18.1 Real Estate (property) 10.3 7.6 6.6 14.8 Private Equity 11.1 11.9 8.8 26.3 Strategic Investments 3.8 6.3 6.1 7.7 Total 100.0% Assumed inflation -mean 2.4% 1.4% Discount Rate for Pension Plan. The discount rate used to measure the total pension liability was 6.70%. The projection of cash flows used to determine the discount rate assumed that plan member contributions will be made at the current contribution rate and that the County's contributions will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Pension Plans' fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees if future experience follows assumptions and the actuarially determined contribution is contributed in full each year. Therefore, the discount rate for calculation of the total pension liability is equal to the long-term expected rate of return. Sensitivity of the County's Proportionate Share of the Net Position Liability to Changes in the Discount Rate for the Pension Plan. The following presents the County's proportionate share of the Net Pension Liability ("NPL") of the Pension Plan calculated using the discount rate of 6.70%. Also presented is what the County's proportionate share of the FRS plan NPL would be if it were calculated using a discount rate that is 1 % lower or I% higher than the current rate: 35 142 1% Decrease Current Discount 1% Increase (5.70%) Rate (6.70%) (7.70%) County's proportionate share of NPL $244,104,212 $142,901,121 $58,232,625 Pension Plan Fiduciary Net Position. Detailed information regarding the Pension Plan's fiduciary net position is available in the separately issued FRS Pension Plan and Other State -Administered Systems Annual Comprehensive Financial Report. This report is available by writing to the State of Florida, Division of Retirement, Department of Management Services, P.O. Box 9000, Tallahassee, Florida 32315-9000 or by email at rep@dms.myflorida.com, or by telephone toll free at (877) 377-1737 or (850) 488-5706. This report identifies statements that were prepared in accordance with generally accepted accounting principles, the measurement focus and basis of accounting, various investment valuations, various pension plan benefits, assumptions used, and many other details. Description of the HIS Plan. The HIS Program is a cost-sharing, multiple -employer, defined benefit pension plan established to provide a monthly subsidy payment to retired members of any state -administered retirement system. It was established under Section 112.363, Florida Statutes. Benefits are not guaranteed and are subject to annual legislative appropriation. In the event legislative appropriation or available funds fail to provide full subsidy benefits to all participants, benefits may be reduced or canceled. The HIS Program is administered by the Florida Department of Management Services, Division of Retirement. HIS Program Benefits. For Fiscal Year ended September 30, 2023, eligible retirees and beneficiaries received a monthly HIS Program payment of $7.50 for each year of creditable service completed. The payments are at least $45 but not more than $225 per month. To be eligible to receive a HIS Program benefit, a retiree under a state -administered retirement system must provide proof of health insurance coverage, which may include Medicare. HIS Program Contributions. The HIS Program is funded by required contributions from FRS participating employers as set by the Florida Legislature. Employer contributions are a percentage of gross compensation for all active FRS members. For the Fiscal Year ended September 30, 2023, the HIS Program contribution rate was 2.00%. There are no employee contributions required. The County contributed 100% of its statutorily required contributions for the current and preceding three years. HIS Program contributions are deposited in a separate trust fund from which payments are authorized. The County's actuarial contributions to the HIS Program totaled $1,816,550 for the Fiscal Year ended September 30, 2023. Pension Liabilities, Pension Expense, and Deferred Outflow of Resources and Deferred Inflow of Resources Related to HIS Program. At September 30, 2023, the Division of Retirement calculated the County's liability of $41,350,877 for its proportionate share of the HIS Program's net pension liability. The net pension liability 36 143 was measured as of June 30, 2023, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2022. At June 30, 2023, the County's proportionate share was 0.2604% for the HIS Program. This was a decrease of 0.0090% from its proportionate share measured as of June 30, 2022. For the year ended September 30, 2023, the County's recognized pension expense was $14,742,846. In addition, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Description Differences between expected and actual experience Changes in assumptions Net difference between projected and actual earnings on pension plan investments Changes in proportion and differences between County contributions and proportionate share of contributions County contributions subsequent to the measurement date Total Deferred Deferred Outflows of Inflows of Resources Resources $605,350 $97,057 1,087,102 3,583,193 21,354 1,895,230 942,516 529,728 - $4,138,764 $4,622,766 The deferred outflows of resources related to the HIS Program totaling $529,728 resulting from County contributions subsequent to the measurement date, will be recognized as a reduction of the net pension liability in the year ended September 30, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to HIS Program will be recognized in pension expense as follows: Fiscal Year Ending September 30 2024 2025 2026 2027 2028 Thereafter Total Amount Recognized $(177,126) (107,391) (178,677) (350,463) (185,644) (14,429) $(1,013,730) [Remainder of page intentionally left blank] 37 144 Actuarial Assumptions. The total pension liability for the HIS Program in the July 1, 2022 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Valuation date: Measurement date: Discount rate: Long-term expected rate of return: Municipal bond rate: Inflation: Salary increase: Mortality: Actuarial cost method: July 1, 2022 June 30, 2023 3.65% N/A 3.65% 2.40% 3.25%, average, including inflation PUB -2010 base table, projected generationally with Scale MP -2018 Individual Entry Age The actuarial assumptions that determined the total HIS Program pension liability used in the July 1, 2022 valuation were based on the results of an actuarial experience study for the period July 1, 2013 through June 30, 2018. The following changes in actuarial assumptions occurred in 2023: • The discount rate was modified to reflect the change in the value of the municipal bond index between the Governmental Accounting Standards Board ("GASB") measurement dates. • Chapter 2023-193, Laws of Florida (Senate Bill 7024), increased the level of monthly benefits from $5 times years of service to $7.50, with an increased minimum of $45 and maximum of $225. This change applies to all years of service for both members currently receiving benefits and members not yet receiving benefits. Discount Rate for HIS Program. In general, the discount rate for calculating the total pension liability is equal to the single rate equivalent to discounting at the long-term expected rate of return for benefit payments prior to the projected depletion date. Because the HIS Program is essentially funded on a pay-as-you-go basis, the depletion date is considered to be immediate. The single equivalent discount rate is equal to the municipal bond rate selected by the plan sponsor. The Bond Buyer General Obligation 20 -Bond Municipal Bond Index was adopted as the applicable municipal bond index. Long -Term Expected Rate of Return. As stated above, the HIS Program is essentially funded on a pay-as-you-go basis. As such, there is no assumption for a long- term expected rate of return on a portfolio, no assumptions for cash flows into and out of the Pension Plan, or assumed asset allocation. Sensitivity of the County's Proportionate Share of the Net Position Liability to Changes in the Discount Rate for the HIS Program. The following presents the County's 145 proportionate share of the NPL of the HIS Program calculated using the discount rate of 3.65%. Also presented is what the County's proportionate share of the HIS Program NPL would be if it were calculated using a discount rate that is 1 % lower or 1 % higher than the current rate: 1% Decrease Current Discount 1% Increase (2.65%) Rate (3.65%) (4.65%) County's proportionate share of NPL $47,174,898 $41,350,877 $36,523,156 HIS Program Fiduciary Net Position: Detailed information regarding the HIS Program's fiduciary net position is available in the separately issued Pension Plan and Other State -Administered Systems Annual Comprehensive Financial Report. This report is available by writing to the State of Florida, Division of Retirement, Department of Management Services, P.O. Box 9000, Tallahassee, Florida 32315-9000 or by email at rep@dms.myflorida.com, or by telephone toll free at (877) 377-1737 or (850) 488-5706. Total Pension Liability - FRS Pension and HIS Program Combined. At September 30, 2023, the Division of Retirement calculated the County's total liability of $184,251,998 for its proportionate share of the net pension liability. The net pension liability was measured as of June 30, 2023, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of July 1, 2023. At June 30, 2023, the County's total proportionate share was 0.6190%. This was a decrease of 0.0122% from its proportionate share measured as of June 30, 2022. For the year ended September 30, 2023, the County recognized pension expense for the FRS Pension and HIS Program combined of $31,849,445. The County reported deferred outflows of resources and deferred inflows of resources related to the pension and HIS program from the following sources: The deferred outflows of resources totaling $5,555,569 resulting from County contributions subsequent to the measurement date, will be recognized as a reduction of the 146 Deferred Deferred Outflows of Inflows of Description Resources Resources Differences between expected and actual experience $14,022,532 $97,057 Changes in assumptions 10,402,581 3,583,193 Net difference between projected and actual earnings on pension plan investments 5,989,292 - Changes in proportion and differences between County contributions and proportionate share of contributions 4,972,051 3,458,010 County contributions subsequent to the measurement date 5,555,569 - Total $40,942,025 $7,138,260 The deferred outflows of resources totaling $5,555,569 resulting from County contributions subsequent to the measurement date, will be recognized as a reduction of the 146 net pension liability in the year ended September 30, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources will be recognized in pension expense as follows: Fiscal Year Ending Amount September 30 Recognized 2024 $3,736,718 2025 (1,996,074) 2026 24,989,359 2027 1,405,424 2028 154,667 Thereafter (41,898) Total $28,248,196 FRS Investment Plan Description of the FRS Plan. The County contributes to the Investment Plan, a defined contribution pension plan, for its eligible employees electing to participate in the Investment Plan. The Investment Plan is administered by the SBA, and is reported in the SBA's annual financial statements and in the State of Florida Annual Comprehensive Financial Report. As provided in Section 121.4501, Florida Statutes, eligible FRS members may elect to participate in the Investment Plan in lieu of the FRS defined benefit plan. County employees already participating in DROP are not eligible to participate in this program. FRS Program Benefits. Service retirement benefits are based upon the value of the member's account upon retirement. Employers and employee contributions, including amounts contributed to individual member's accounts, are defined by law, but the ultimate benefit depends in part on the performance of investment funds. Benefit terms, including contribution requirements, for the Investment Plan are established and may be amended by the Florida Legislature. For all membership classes, employees are immediately vested in their own contributions and are vested after one year of service for employer contributions and investment earnings. Non vested employer contributions are placed in a suspense account for up to five years. If the employee returns to FRS -covered employment within the five year period, the employee will regain control over his/her account. If the employee does not return within the five-year period, the employee will forfeit the accumulated account balance. For Fiscal Year ended September 30, 2023, the information for the amount of forfeitures was unavailable from the SBA; however, management believes that these amounts, if any, would be immaterial to the County. If an accumulated benefit obligation for service credit originally earned under the Pension Plan is transferred to the Investment Plan, the member must have the years of 147 service required for Pension Plan vesting (including the service credit represented by the transferred funds) to be vested for these funds and the earnings on the funds. After termination and applying to receive benefits, the member may rollover vested funds to another qualified plan, structure a periodic payment under the Investment Plan, receive a lump -sum distribution, leave the funds invested for future distribution, or any combination of these options. Disability coverage is provided; the member may either transfer the account balance to the Pension Plan when approved for disability retirement to receive guaranteed lifetime monthly benefits under the Pension Plan, or remain in the Investment Plan and rely upon that account balance for retirement income. FRS Program Contributions. Cost of administering the Investment Plan, including the FRS Financial Guidance Program, are funded through an employer contribution of .06% of payroll and by forfeited benefits of Investment Plan members. The Investment Plan is funded with the same employer and employee contribution rates that are based on salary and membership class as the FRS defined benefit plan. Contributions are directed to individual member accounts, and the individual members allocate contributions and account balances to various approved investment choices. Allocations to the investment member's accounts during the 2022-2023 Fiscal Year are based on a percentage of gross compensation by class as follows: Regular class 11.30%, Special Risk class 19.00%, Senior Management Service class 12.67%, and County Elected Officers' class 16.34%. This includes the employee contribution of 3%. The County's Investment Plan contributions and pension expense totaled $3,657,361 for Fiscal Year ended September 30, 2023. Employee contributions totaled $614,031 for the same period. Other Retirement Plans The Board established an Internal Revenue Code Section 401(a) defined contribution plan on June 6, 2023 to provide benefits at retirement to employees who have been designated by the FRS as not eligible for renewed membership and are ineligible to participate in the FRS Pension or Investment Plan. Senior Management Service Class employees who hold an eligible position and have completed the necessary form to withdraw from the FRS will also be enrolled in this plan. The plan is a single -employer defined contribution plan administered by Lincoln Financial. In a defined contribution plan, benefits depend solely on amounts contributed to the plan plus investment earnings. This plan is non-contributory for members. The County does not hold or administer resources of the plan. Consequently, the Lincoln plan does not meet the requirements for inclusion in the County's financial statements as a fiduciary fund. The plan does not issue a stand-alone financial report. Plan provisions are established and may be amended only by the Board. 41 148 For eligible employees enrolled in the Lincoln defined contribution plan, the Board shall establish an employer contribution rate equal to the difference between the eligible employee FRS contribution rate for the FRS Investment Plan and the ineligible employee FRS contribution rate for the FRS Investment Plan as determined by the FRS annually. As of September 30, 2023, the contribution rate for eligible employees was 6.79%, calculated as the difference between the regular class employer rate of 13.57%, and the regular class rehire rate of 6.78%. Employer contributions totaled $3,630 for Fiscal Year 2023. Other Post -Employment Benefit Plans Other Post -Employment Benefit ("OPEB') Plan Description. On September 23, 2008, the Board approved resolution number 2008-163, establishing an irrevocable trust ("OPEB Trust") to separately identify assets accumulated to pay OPEB benefits for eligible retirees. The OPEB Trust includes the Board and the five constitutional officers (Clerk of the Circuit Court and Comptroller, Property Appraiser, Sheriff, Supervisor of Elections, and Tax Collector). The resolution also established the Board as trustees of the OPEB Trust and the authority for the trustees to amend the benefit provisions. The OPEB Trust is a single -employer defined benefit plan ("OPEB Plan"). The OPEB Plan subsidizes the cost of health care for employees hired prior to February 1, 2006 and their eligible dependents according to the provisions of the substantive plan (the plan as understood by the employer and plan members). Employees hired on or after February 1, 2006, will not be eligible for any subsidy, regardless of the years of service or Medicare eligibility. Active participants as well as retirees are subject to the same benefits and rules. Retired employees are permitted to remain covered under the County's medical and life insurance plans as long as they pay a premium applicable to the coverage elected. This conforms to the minimum required of Florida governmental employers per Florida Statute 112.0801. The retiree has the option to continue with the County group health plan or elect a Medicare Advantage Plan. The implicit rate subsidy applies to health and life insurance coverage since the premiums charged are based upon a blending of younger active employees and older retired employees. Health insurance monthly premiums, effective October 1, 2022, range from $257 for single coverage Medicare participants to $1,297.50 for family coverage. Life insurance is available to retirees at a flat rate of $.75 per $1,000 of coverage (to a maximum of $20,000 until the age of 70). After 70, the maximum amount of life insurance is $10,000. The County subsidizes the cost of the health insurance premiums for each retiree based upon their years of service and employment date (as mentioned above); a 2% discount is given for each year of service based upon the following table: 42 149 Hired Before 2/1/2006 Retiree or Spouse Medicare Hired On or Retirement Date Service Under Age 65 Eligible*** After 2/1/2006 Less than 15 No Subsidy 20% Subsidy* ears Before 2% per Year of Additional 20% 1/31/2009** At least 15 Service Subsidy years (maximum of (maximum of 60%)* 40%) No Subsidy Less than 15 No Subsidy No Subsidy ears On and After 2% per Year of 1/31/2009** At least 15 Service Subsidy Ceases years (maximum of 40% *Additional Subsidy will be paid to Medicare Eligible retirees regardless of which plan they are enrolled in (County's medical plan or Medicare Advantage Plan) and regardless of whether they become Medicare Eligible before or after October 1, 2004. **Employees who commit by June 1, 2008 to retire before January 31, 2009 will receive subsidy as if retired before June 1, 2008. ***Effective May 1, 2016 and prospectively, subsidy does not cease until both Retiree and Spouse are Medicare eligible. The OPEB Trust financial statements are reported using the accrual basis of accounting and are included in the Indian River County Annual Comprehensive Financial Report. Questions regarding the OPEB Plan may be directed to the Chief Deputy Comptroller. At October 1, 2021, the date of the latest actuarial valuation, plan participation consisted of: Active participants 1,565 Retired participants 543 2,108 There are two classes of participants at October 1, 2021: Regular and senior management 1,357 Special risk 751 2,108 The average employer's contribution was $628 per employee, approximately 0.93% of current payroll. Financial statements for the OPEB Trust are included in Annual Comprehensive Financial Report for the Fiscal Year ended September 30, 2023 and can be found on pages 46-47. A separate, stand-alone financial report is not issued by the County. 43 150 The OPEB Trust investments can be found in Note 3D of the Annual Comprehensive Financial Report for the Fiscal Year ended September 30, 2023. Contributions and Funding Policy. The Board, in concert with the OPEB Board of Trustees, has the authority to establish and amend the funding policy of the OPEB Plan. The OPEB Trust is advance funded by the County. For the year ended September 30, 2023, the County contributed $1.0 million to the qualifying OPEB Trust. Plan members received benefits totaling $3.2 million. The County anticipates that the OPEB liability will be liquidated in the following manner: General Fund 53%, Emergency Services District Fund 29%, Enterprise Funds 8%, Internal Service Funds 1%, and the remaining 9% is by the Other Governmental Funds. It is the County's policy to base future contributions on the annual required contribution in subsequent annual actuarial reports. Custodial and individual fund administrative fees are paid from the portfolio dividend and interest income. Net OPEB Liability. The County's Net OPEB liability was measured as of September 30, 2023, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of October 1, 2021. Roll -forward reports were completed at Fiscal Year end. The components of the net OPEB liability of the County at September 30, 2023, were as follows: Total OPEB liability $35,132,573 Plan fiduciary net position (29,800,707) County's net OPEB liability $5,331,866 Plan fiduciary net position as a percentage of the total OPEB liability 84.82% [Remainder of page intentionally left blank] 151 Actuarial Methods and Assumptions. The total OPEB liability was determined by an actuarial valuation as of October 1, 2021, using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified: Methods and Assumptions Used to Determine Net OPEB Liability Actuarial Cost Method Entry age normal Inflation 2.25% Discount Rate 6.00% Salary Increases 3.4% to 7.8%, including inflation, varies by plan type and years of service. Retirement Age Experience -based table of rates that are specific to the plan and type of eligibility condition. Mortality Mortality tables used in the July 1, 2020 actuarial valuation of the FRS. They are based on the results of a statewide experience study covering the period 2013 through 2018. Healthcare Cost Trend Rates Based on the Getzen Model, with trend starting at 6.0% and gradually decreasing to an ultimate trend rate of 3.75°/x. Aging Factors Based on the 2013 SOA Study "Health Care Costs - From Birth to Death." Expenses Investment expenses are net of the investment returns; Administrative expenses are included in the per capita health costs. Other Information Notes Effective July 1, 2023, per Senate Bill 7024, the retirement eligibility for Special Risk members hired on or after July 1, 2011 was lowered to the earlier of: (1) age 55 with six years of creditable service, or (2) 25 years of creditable service regardless of age. In addition, the maximum DROP participation period was extended from 5 to eight years for all eligible for DROP. 45 152 Discount Rate. Calculation of the Single Discount Rate. GASB Statement No. 74 includes a specific requirement for the discount rate that is used for the purpose of the measurement of the Total OPEB Liability. This rate considers the ability of the fund to meet benefit obligations in the future. To make this determination, employer contributions, employee contributions, benefit payments, expenses and investment returns are projected into the future. The Plan Net Position (assets) in future years can then be determined and compared to its obligation to make benefit payments in those years. As long as assets are projected to be on hand in a future year, the assumed valuation discount rate is used. In years where assets are not projected to be sufficient to meet benefit payments, the use of a municipal bond rate is required, as described in the following paragraph. The Single Discount Rate ("SDR") is equivalent to applying these two rates to the benefits that are projected to be paid during the different time periods. The SDR reflects (1) the long-term expected rate of return on OPEB Plan investments (during the period in which the fiduciary net position is projected to be sufficient to pay benefits) and (2) tax- exempt municipal bond rate based on an index of 20 -year general obligation bonds with an average AA credit rating as of the measurement date (to the extent that the contributions for use with the long-term expected rate of return are not met). For the purpose of this valuation the expected rate of return on OPEB Plan investments is 6.00%, the municipal bond rate is 4.63%; and the resulting SDR is 6.00%. The County has adopted a broadly diversified investment portfolio composition consisting of equity, debt, and cash. Asset allocations are divided between short-term and long-term investments. Short-term asset allocations include cash and investments with maturities of 180 days or less. Long-term asset allocations range from 0-60% for equities, 0-60% for fixed income securities, and 0-100% for cash. The County has a policy and a track record of depositing the full amount of the Actuarially Determined Contribution developed under the Entry Age Method. Consequently, the plan's fiduciary net position is projected to be sufficient to pay benefits and the resulting SDR is 6.00%. Sensitivity of Net OPEB Liability. Regarding the sensitivity of the net OPEB liability to changes in the SDR, the following presents the plan's net OPEB liability, calculated using a SDR of 6.00%, as well as what the plan's net OPEB liability would be if it were calculated using a SDR that is 1 % lower or I% higher: M. 153 Sensitivity of Net OPEB Liability to the Single Discount Rate Assumption 1% Decrease Current Single Discount 1% Increase (5.00%) Rate Assumption (6.00%) (7.00%) $7,797,518 $5,331,866 $3,092,597 Regarding the sensitivity of the net OPEB liability to changes in the healthcare cost trend rates, the following presents the plan's net OPEB liability, calculated using the assumed trend rates as well as what the plan's net OPEB liability would be if it were calculated using a trend rate that is I% lower or I% higher: Sensitivity of Net OPEB Liability to the Healthcare Cost Trend Rate Assumption Current Healthcare Costs 1% Decrease Trend Rate Assumption I% Increase (5.0% down to 2.75%) (6.0% down to 3.75%) (7.0% down to 4.75%) $2,275,609 $5,331,866 $8,867,365 Changes in the Net OPEB Liability. Balances at 9/30/2022 Changes for the year: Service cost Interest Changes to benefit terms Contributions — employer Net investment income Benefit Payment Net changes Balances at 9/30/2023 Increase (Decrease) Total OPEB Plan Fiduciary Net OPEB Liability(a) Net Position(b) Liability (a) -(b) $ 34,934,061 $ 28,937,442 $ 5,996,619 580,560 2,035,476 762,507 (3,180,031) 198,512 $ 35,132,573 1,005,398 3,037,898 (3,180,031) 863,265 $ 29,800,707 580,560 2,03 5,476 762,507 (1,005,398) (3,037,898) (664,753) $ 5,331,866 OPEB Expense and Deferred Ou�flows and Inflows of Resources Related to OPER. For the year ended September 30, 2023, the County recognized OPEB expense of $1,480,807. At September 30, 2023, the County reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: 47 154 Description Differences between expected and actual experience Changes in assumptions Net difference between projected and actual earnings on OPEB Plan investments Deferred Outflows of Resources $2,585,971 1,106,480 1,687,203 $5,379,654 Deferred Inflows of Resources $5,131,624 $5,131,624 Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Fiscal Year Ending September 30 2024 2025 2026 2027 2028 Thereafter Net Deferred Outflows of Resources $(371,216) (231,383) 243,426 (26,252) 247,126 386,329 Total $248,030 LITIGATION There is no litigation pending or, to the knowledge of the County, threatened, which restrains or enjoins the issuance or delivery of the Series 2024 Bonds or questions or affects the validity of the Series 2024 Bonds or the proceedings and authority under which they are to be issued, or the authority of the County to annually levy ad valorem taxes to pay debt service on the Series 2024 Bonds in accordance with the Bond Resolution. Neither the creation, organization or existence of the County, nor the title of the present members of the County or other officers of the County in their respective offices is being contested. There is no litigation pending or, to the knowledge of the County, threatened, which, if it were decided against the County, would have a materially adverse impact upon the financial position of the County or its ability to perform its obligations to the Series 2024 Bondholders. The County experiences routine litigation and claims incidental to the conduct of its affairs. In the opinion of the County Attorney, there are no other actions presently pending or threatened, the adverse outcome of which would have a material adverse effect on the County's ability to pay debt service on the Series 2024 Bonds. 155 The County is party to other various legal proceedings which individually are not expected to have a material adverse effect on its operations or financial condition, but may, in the aggregate, have a material impact thereon. However, in the opinion of the County Attorney, the County will either successfully defend such actions or otherwise resolve such matters without any material adverse consequences. LEGAL MATTERS Certain legal matters in connection with the authorization, issuance and sale of the Series 2024 Bonds are subject to the approval of Nabors, Giblin & Nickerson, P.A., Tampa, Florida, Bond Counsel, whose approving opinion will be available at the time of delivery of the Series 2024 Bonds. Nabors, Giblin, & Nickerson, P.A., Tampa, Florida, is also serving as Disclosure Counsel to the County. Certain legal matters will be passed upon for the County by William K. DeBraal, Esq., County Attorney. The proposed form of the Bond Counsel opinion is attached hereto as Appendix D, and reference is made to such form of opinion for the complete text thereof. The actual legal opinion to be delivered may vary from that text if necessary to reflect facts and law on the date of delivery. The opinion will speak only as of its date, and subsequent distribution of it by recirculation of the Official Statement or otherwise shall create no implication that Bond Counsel has reviewed or expresses any opinion concerning any of the matters referenced in the opinion subsequent to its date. Bond Counsel has not been engaged to, nor has it undertaken to, review (1) the accuracy, completeness or sufficiency of this Official Statement or any other offering material relating to the Series 2024 Bonds; provided, however, that Bond Counsel will render an opinion to the Underwriter and the County relating to the accuracy of certain statements contained herein under the heading "TAX MATTERS" and certain statements which summarize provisions of the Bond Resolution and the Series 2024 Bonds, and (2) the compliance with any federal or state law with regard to the sale or distribution of the Series 2024 Bonds. ENFORCEABILITY OF REMEDIES The remedies available to the owners of the Series 2024 Bonds upon a monetary or covenant default under the Bond Resolution are in many respects based upon judicial actions which are often subject to discretion, delay and equitable considerations. Under existing constitutional and statutory law and judicial decisions, the remedies specified by the Federal bankruptcy code, the Bond Resolution and the Series 2024 Bonds may not be readily available or may be limited. The various legal opinions to be delivered concurrently with the delivery of the Series 2024 Bonds (including Bond Counsel's approving opinion) will be qualified as to the enforceability of the various legal instruments, by limitations 49 156 imposed by general principles of equity, bankruptcy, reorganization, insolvency or other similar laws affecting the rights of creditors enacted before or after such delivery. FINANCIAL ADVISOR Hilltop Securities Inc., Orlando, Florida served as financial advisor (the "Financial Advisor") to the County with respect to the issuance of the Series 2024 Bonds. The Financial Advisor has assisted the County in the preparation of this Official Statement and has advised the County as to other matters relating to the planning, structuring and issuance of the Series 2024 Bonds. The Financial Advisor is not obligated to undertake and has not undertaken to make an independent verification or to assume responsibility for the accuracy, completeness or fairness of the information contained in this Official Statement. The fee payable to the Financial Advisor is contingent upon the issuance and delivery of the Series 2024 Bonds. TAX MATTERS Opinion of Bond Counsel In the opinion of Bond Counsel, the form of which is included as APPENDIX D attached hereto, the interest on the Series 2024 Bonds is excludable from gross income of the owners thereof for federal income tax purposes and is not a specific item of tax preference for federal income tax purposes under existing statutes, regulations, rulings and court decisions; provided, however, with respect to certain corporations, interest on the Series 2024 Bonds is taken into account in determining the annual adjusted financial statement income for the purpose of computing the alternative minimum tax imposed on such corporations. Failure by the County to comply subsequently to the issuance of the Series 2024 Bonds with certain requirements of the Internal Revenue Code of 1986, as amended (the "Code"), including but not limited to requirements regarding the use, expenditure and investment of Series 2024 Bond proceeds and the timely payment of certain investment earnings to the Treasury of the United States, may cause interest on the Series 2024 Bonds to become includable in gross income for federal income tax purposes retroactive to their date of issuance. The County has covenanted in the Bond Resolution to comply with all provisions of the Code necessary to, among other things, maintain the exclusion from gross income of interest on the Series 2024 Bonds for purposes of federal income taxation. In rendering its opinion, Bond Counsel has assumed continuing compliance with such covenants. Internal Revenue Code of 1986 The Code contains a number of provisions that apply to the Series 2024 Bonds, including, among other things, restrictions relating to the use or investment of the proceeds of the Series 2024 Bonds and the payment of certain arbitrage earnings in excess of the 50 157 "yield" on the Series 2024 Bonds to the Treasury of the United States. Noncompliance with such provisions may result in interest on the Series 2024 Bonds being included in gross income for federal income tax purposes retroactive to their date of issuance. Collateral Tax Consequences Except as described above, Bond Counsel will express no opinion regarding the federal income tax consequences resulting from the ownership of, receipt or accrual of interest on, or disposition of, the Series 2024 Bonds. Prospective purchasers of the Series 2024 Bonds should be aware that the ownership of the Series 2024 Bonds may result in other collateral federal tax consequences. For example, ownership of the Series 2024 Bonds may result in collateral tax consequences to various types of corporations relating to (1) denial of interest deduction to purchase or carry such Series 2024 Bonds, (2) the branch profits tax, and (3) the inclusion of interest on the Series 2024 Bonds in passive income for certain Subchapter S corporations. In addition, the interest on the Series 2024 Bonds may be included in gross income by recipients of certain Social Security and Railroad Retirement benefits. PURCHASE, OWNERSHIP, SALE OR DISPOSITION OF THE SERIES 2024 BONDS AND THE RECEIPT OR ACCRUAL OF THE INTEREST THEREON MAY HAVE ADVERSE FEDERAL TAX CONSEQUENCES FOR CERTAIN INDIVIDUAL AND CORPORATE BONDHOLDERS, INCLUDING, BUT NOT LIMITED TO, THE CONSEQUENCES DESCRIBED ABOVE. PROSPECTIVE SERIES 2024 BONDHOLDERS SHOULD CONSULT WITH THEIR TAX SPECIALISTS FOR INFORMATION IN THAT REGARD. Other Tax Matters Interest on the Series 2024 Bonds may be subject to state or local income taxation under applicable state or local laws in other jurisdictions. Purchasers of the Series 2024 Bonds should consult their own tax advisors as to the income tax status of interest on the Series 2024 Bonds in their particular state or local jurisdictions. The Inflation Reduction Act, H.R. 5376 (the IRA), was passed by both houses of the U.S. Congress and was signed by the President on August 16, 2022. As enacted, the IRA includes a 15 percent alternative minimum tax to be imposed on the "adjusted financial statement income," as defined in the IRA, of certain corporations for tax years beginning after December 31, 2022. Interest on the Series 2024 Bonds will be included in the "adjusted financial statement income" of such corporations for purposes of computing the corporate alternative minimum tax. Prospective purchasers that could be subject to this minimum tax should consult with their own tax advisors regarding the potential tax consequences of owning the Series 2024 Bonds. 51 158 During prior years, legislative proposals have been introduced in Congress, and in some cases enacted, that altered certain federal tax consequences resulting from the ownership of obligations that are similar to the Series 2024 Bonds. In some cases, these proposals have contained provisions that altered these consequences on a retroactive basis. Such alteration of federal tax consequences may have affected the market value of obligations similar to the Series 2024 Bonds. From time to time, legislative proposals are pending which could have an effect on both the federal tax consequences resulting from ownership of the Series 2024 Bonds and their market value. No assurance can be given that additional legislative proposals will not be introduced or enacted that would or might apply to, or have an adverse effect upon, the Series 2024 Bonds. Tax Treatment of Original Issue Discount Certain of the Series 2024 Bonds (the "Discount Bonds") may be offered and sold to the public at an original issue discount, which is the excess of the principal amount of the Discount Bonds over the initial offering price to the public, excluding bond houses, brokers or similar persons or organizations acting in the capacity of underwriters or wholesalers, at which initial offering price a substantial amount of the Discount Bonds of the same maturity was sold. Original issue discount represents interest which is excluded from gross income for federal income tax purposes to the same extent as interest on the Discount Bonds. Original issue discount will accrue over the term of a Discount Bond at a constant interest rate compounded semi-annually. An initial purchaser who acquires a Discount Bond at the initial offering price thereof to the public will be treated as receiving an amount of interest excludable from gross income for federal income tax purposes equal to the original issue discount accruing during the period such purchaser holds such Discount Bonds and will increase the adjusted basis in such Discount Bonds by the amount of such accruing discount for purposes of determining taxable gain or loss on the sale or other disposition of such Discount Bonds. The federal income tax consequences of the purchase, ownership and prepayment, sale or other disposition of Discount Bonds which are not purchased in the initial offering at the initial offering price may be determined according to rules which differ from those above. Owners of Discount Bonds should consult their own tax advisors with respect to the precise determination for federal income tax purposes of interest accrued upon sale, prepayment or other disposition of such Discount Bonds and with respect to the state and local tax consequences of owning and disposing of such Discount Bonds. Tax Treatment of Bond Premium Certain of the Series 2024 Bonds (the "Premium Bonds") may be offered and sold to the public at an initial offering price in excess of the principal amount of such Premium Bond, which excess constitutes to an initial purchaser amortizable bond premium which is not deductible from gross income for Federal income tax purposes. The amount of amortizable bond premium for a taxable year is determined actuarially on a constant interest rate basis over the term of the Premium Bonds which term ends on the earlier of 52 159 the maturity or call date for each Premium Bond which minimizes the yield on said Premium Bonds to the purchaser. For purposes of determining gain or loss on the sale or other disposition of a Premium Bond, an initial purchaser who acquires such obligation in the initial offering to the public at the initial offering price is required to decrease such purchaser's adjusted basis in such Premium Bond annually by the amount of amortizable bond premium for the taxable year. The amortization of bond premium may be taken into account as a reduction in the amount of tax-exempt income for purposes of determining various other tax consequences of owning such Premium Bonds. The federal income tax consequences of the purchase, ownership and sale or other disposition of Premium Bonds which are not purchased in the initial offering at the initial offering price may be determined according to rules which differ from those described above. Owners of the Premium Bonds are advised that they should consult with their own tax advisors with respect to the state and local tax consequences of owning such Premium Bonds. DISCLOSURE REQUIRED BY FLORIDA BLUE SKY REGULATIONS Pursuant to Section 517.051, Florida Statutes, as amended, no person may directly or indirectly offer or sell securities of the County except by an offering circular containing full and fair disclosure of all defaults as to principal or interest on its obligations since December 31, 1975, as provided by rule of the Florida Department of Banking and Finance (the "Department"). Pursuant to the Florida Administrative Code, the Department has required the disclosure of the amounts and types of defaults, any legal proceedings resulting from such defaults, whether a trustee or receiver has been appointed over the assets of the County, and certain additional financial information, unless the County believes in good faith that such information would not be considered material by a reasonable investor. The County is not and has not been in default on any bond issued since December 31, 1975 which it believes would be considered material by a reasonable investor of the Series 2024 Bonds. Although the County is not aware of any other defaults with respect to bonds or other debt obligations as to which it has served only as a conduit issuer, it has not undertaken an independent review or investigation of such bonds or other debt obligations for which it served only as a conduit issuer. To the extent any of such bonds or other debt obligations are in default as to principal and/or interest or otherwise, the obligation of the County thereunder is limited solely to payment from funds received by the party on whose behalf such bonds or other debt obligations were issued, and the County is not obligated to pay the principal of or interest on such bonds or other debt obligations from any funds of the County. The County in good faith believes the disclosure of such defaults or investigations would not be considered material by a reasonable investor in the Series 2024 Bonds. 53 160 C1 VIf10�! S&P Global Ratings ("S&P") has assigned a municipal bond rating of 1111( outlook) to the Series 2024 Bonds. Such rating reflects the view of S&P and an explanation of the significance of such rating may be obtained only from S&P at the following addresse: S&P Global Ratings, 55 Water Street, New York, New York 10041. Generally, a rating agency bases its rating on the information and materials furnished to it and on investigations, studies and assumptions of its own. There is no assurance that such rating will continue for any given period of time or that such rating will not be revised downward or withdrawn entirely by S&P, if, in the judgment of S&P, circumstances so warrant. Any such downward revision or withdrawal of such rating may have an adverse effect upon the market price of the Series 2024 Bonds. UNDERWRITING The Series 2024 Bonds are being purchased by (the "Underwriter"), at a purchase price of $ _ (par amount of the Series 2024 Bonds, less an underwriter's discount of $ _ and [plus/less] [net] original issue [premium/discount] of $ See "ESTIMATED SOURCES AND USES OF FUNDS" herein. The offer of the Underwriter to purchase the Series 2024 Bonds, as accepted by the County, provides for the Underwriter to purchase all of the Series 2024 Bonds. The Series 2024 Bonds may be offered and sold to certain dealers and others at prices lower than such offering prices and such public offering prices may be changed, from time to time, by the Underwriter. CONTINUING DISCLOSURE The County has covenanted for the benefit of the Series 2024 Bondholders to provide certain financial information and operating data relating to the County and the Series 2024 Bonds in each year and to provide notices of the occurrence of certain enumerated material events. Such covenant shall only apply so long as the Series 2024 Bonds remain outstanding under the Bond Resolution. The covenant shall also cease upon the termination of the continuing disclosure requirements of S.E.C. Rule 15c2 -12(b)(5) (the "Rule") by legislative, judicial or administrative action. The County has agreed to file annual financial information and operating data and its audited financial statements (collectively, the "Annual Report") with the Municipal Services Rulemaking Board (the "MSRB") through its Electronic Municipal Market Access system ("EMMA"), as described in "Appendix E - Form of Continuing Disclosure Certificate." The County has agreed to file notices of certain enumerated material events, when and if they occur, with the MSRB through EMMA. The County has engaged HTS Continuing Disclosure Services, a Division of Hilltop Securities Inc., as its dissemination agent. 54 161 The specific nature of the financial information, operating data, and of the type of events which trigger a disclosure obligation, and other details of the undertaking are described in "Appendix E - Form of Continuing Disclosure Certificate" attached hereto. The Continuing Disclosure Certificate shall be executed by the County prior to the issuance of the Series 2024 Bonds. These covenants have been made in order to assist the underwriters for the Series 2024 Bonds in complying with the continuing disclosure requirements of the Rule. With respect to the Series 2024 Bonds, no party other than the County is obligated to provide, nor is expected to provide, any continuing disclosure information with respect to the aforementioned Rule. Such annual financial reports are now properly linked to the appropriate CUSIPs. FINANCIAL STATEMENTS The financial statements of the County as of and for the Fiscal Year ended September 30, 2023, included in the County's Annual Comprehensive Financial Report (Fiscal Year Ended September 30, 2023) attached to this Official Statement as Appendix B, have been audited by Rehmann Robson, LLC, independent auditors, as stated in their report dated March 8, 2024, included in Appendix B. The Annual Comprehensive Financial Report, including such financial statements and auditor's report, has been included in this Official Statement as a public document, and the consent of the County's auditors was not requested. The auditors have not performed any services related to, and therefore are not associated with, the preparation of the Oficial Statement. INVESTMENT POLICY OF THE COUNTY Pursuant to the requirements of Section 218.415, Florida Statutes, as amended, the County adopted a written investment policy applicable to all cash and surplus funds of the County except debt proceeds and monetary assets held by other entities on behalf of the County. The objectives of the investment policy, listed in order of importance, are: (1) to preserve capital in the overall portfolio and to maintain the safety of principal; (2) to remain sufficiently liquid to meet disbursement requirements that might be reasonably anticipated; and (3) to manage the investment portfolio to provide a competitive return consistent with the objectives in items 1 and 2 and other risk limitations described in the investment policy. The investment policy notes that the highest priority of all investment activities shall be the safety of principal and liquidity of funds. The optimization of investment returns shall be secondary to the requirements for safety and liquidity. The investment policy limits the securities eligible for inclusion in the County's investment portfolio. Derivatives, reverse repurchase agreements or similar forms of leverage are prohibited. Cryptocurrency purchases are also specifically prohibited. The investment policy provides that County investments shall be managed to maintain liquidity for meeting the County's need for cash and to limit potential market risks. All investments 55 162 must have stated maturities of 10 years or less and no more than 25% of the portfolio shall be invested in instruments with stated final maturities greater than five years. The portfolio shall have securities with varying maturities and at least 10% of the portfolio shall be invested in readily available funds. The Clerk is responsible for conducting investment transactions for the County. The investment policy also requires the establishment of an Investment Advisory Committee which is tasked with evaluating the investment performance and the current and future liquidity needs and investment strategies. It is also responsible for preparing periodic reports for the Board. The Clerk is required to establish a system of investment internal controls and operational procedures. Subject to the requirements of Section 218.415, Florida Statutes, as amended, the investment policy may be modified by the Board. The most recent investment policy of the County became effective as of January 9, 2024. CONTINGENT FEES The County has retained Bond Counsel, Disclosure Counsel and the Financial Advisor with respect to the authorization, sale, execution and delivery of the Series 2024 Bonds. Payment of the fees of Bond Counsel, Disclosure Counsel and the Financial Advisor and an underwriting discount to the Underwriter are each contingent upon the issuance of the Series 2024 Bonds. MISCELLANEOUS All information included herein has been provided by the County, except where attributed to other sources. The summaries of and references to all documents, statutes, reports and other instruments referred to herein do not purport to be complete, comprehensive or definitive, and each such reference or summary is qualified in its entirety by reference to each such document, statute, report or other instrument. The information herein has been compiled from official and other sources and, while not guaranteed by the County, is believed to be correct. So far as any statements made in this Official Statement and the appendices attached hereto involve matters of opinion or of estimates whether or not expressly stated, they are set forth as such and not as representation of fact, and no representation is made that any of the estimates will be realized. AUTHORIZATION OF OFFICIAL STATEMENT The delivery of this Official Statement has been duly authorized by the County. At the time of delivery of the Series 2024 Bonds, the Chairman of the Board and the County Administrator will furnish a certificate to the effect that neither the Chairman nor said 56 163 County Administrator has any knowledge or reason to believe that this Official Statement, as of its date and as of the date of delivery of the Series 2024 Bonds, contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements made herein, in light of the circumstances under which they were made, not misleading. INDIAN RIVER COUNTY, FLORIDA By: Chairman, Board of County Commissioners By: County Administrator 57 APPENDIX A GENERAL INFORMATION REGARDING INDIAN RIVER COUNTY 165 APPENDIX B ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 166 APPENDIX C FORM OF BOND RESOLUTION 167 APPENDIX D FORM OF APPROVING OPINION OF BOND COUNSEL 168 APPENDIX E FORM OF CONTINUING DISCLOSURE CERTIFICATE 169 EXHIBIT D FORM OF CONTINUING DISCLOSURE CERTIFICATE 170 DRAFT #1: 05/20/24 262-00014.E1 CONTINUING DISCLOSURE CERTIFICATE This Continuing Disclosure Certificate (the "Disclosure Certificate") is executed and delivered by Indian River County, Florida (the "County") in connection with the issuance of $[ ] aggregate principal amount of its Indian River County, Florida General Obligation Bonds, Series 2024 (the "Series 2024 Bonds"). The Series 2024 Bonds are being issued pursuant to Resolution No. [ adopted by the Board of County Commissioners of the County (the "Board") on June , 2024 (the "Bond Resolution"). Capitalized terms used but not otherwise defined herein shall have the same meaning as when used in the Bond Resolution unless the context would clearly indicate otherwise. The County covenants and agrees as follows: SECTION 1. PURPOSE OF DISCLOSURE CERTIFICATE. This Disclosure Certificate is being executed and delivered by the County for the benefit of the Series 2024 Bondholders and to assist the Underwriter of the Series 2024 Bonds in complying with the continuing disclosure requirements of Rule 15c2-12 promulgated by the Securities and Exchange Commission ("SEC") pursuant to the Securities Exchange Act of 1934 (the "Rule"). SECTION 2. NATURE OF UNDERTAKING. The County, in accordance with the Rule, hereby covenants to provide or cause to be provided to the Electronic Municipal Market Access system ("EMMA") and maintained by the Municipal Securities Rulemaking Board (the "MSRB") for purposes of the Rule and any other entity authorized and approved by the SEC from time to time to act as a repository for purposes of complying with the Rule: (a) (i) annual financial information and operating data of the type described as "Annual Information" in Section 3(a) hereof for each Fiscal Year ending on or after September 30, 2024, not later than the following April 30, and (ii) audited financial statements of the County for each such Fiscal Year, not later than the following April 30, if then available as described in the final paragraph of this Section 2; and (b) in a timely manner not in excess of ten business days after the occurrence of any Specified Event described in Section 3(b) hereof (a "Specified Event"), notice of (i) any Specified Event described in Section 3(b) hereof, (ii) the County's failure to provide the Annual Information on or prior to the date specified above, and (iii) any change in the accounting principles applied in the preparation of its annual financial statements, any change in its Fiscal Year, and the termination of the County's continuing disclosure obligations. The County expects that audited annual financial statements will be prepared and will be filed together with the Annual Information identified below. The accounting 171 principles to be applied in the preparation of those financial statements will be generally accepted accounting principles, as modified by applicable State of Florida requirements and the governmental accounting standards promulgated by the Governmental Accounting Standards Board. In the event that the audited annual financial statements are not available by the date on which the Annual Information will be provided, the County will provide unaudited financial statements by the date specified and audited financial statements when available. SECTION 3. ANNUAL INFORMATION AND SPECIFIED EVENTS. (a) "Annual Information" to be provided by the County for the immediately completed Fiscal Year shall consist of information contained in the tables entitled: (1) "Indian River County, Florida Property Tax Millage Rates for Direct and Overlapping Governments;" (2) "Indian River County, Florida Assessed Value and Actual Value of Taxable Property (Unaudited);" (3) "Indian River County, Florida Property Tax Levies and Collections (Unaudited);" and (4) "Indian River County, Florida Principal Property Taxpayers (Unaudited)" in the Official Statement prepared for the Series 2024 Bonds and presented in a manner consistent with the presentation in the Official Statement; provided, however, any of such information may be provided in the audited financial statements filed in accordance with this Disclosure Certificate. (b) Specified Events shall include the occurrence of the following events, within the meaning of the Rule, with respect to the Series 2024 Bonds: (1) principal and interest payment delinquencies; (2) non-payment related defaults, if material; (3) unscheduled draws on debt service reserves reflecting financial difficulties; (4) unscheduled draws on credit enhancements reflecting financial difficulties; (5) substitution of credit or liquidity providers, or their failure to perform; 2 172 (6) adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the Series 2024 Bonds, or other material events affecting the tax status of the Series 2024 Bonds; (7) modifications to rights of the holders of the Series 2024 Bonds, if material; (8) any Series 2024 Bond calls, if material, and tender offers; (9) defeasances in whole or in part of the Series 2024 Bonds; (10) release, substitution, or sale of property securing repayment of the Series 2024 Bonds, if material; (11) any changes in the ratings assigned to the Series 2024 Bonds; (12) bankruptcy, insolvency, receivership or similar event of the County (this event is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent or similar officer for the County in a proceeding under the U.S. Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the County, or if such jurisdiction has been assumed by leaving the existing governing body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the County); (13) the consummation of a merger, consolidation, or acquisition involving the County or the sale of all or substantially all of the assets of the County, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms; (14) appointment of a successor or additional trustee or the change of name of a trustee; (15) Incurrence of a financial obligation of the County, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a financial obligation of the County, any of which affect holders of the Series 2024 Bonds; and 173 (16) Default, event of acceleration, termination event, modification of terms, or other similar events under the terms of the financial obligation of the County, any of which reflect financial difficulties. The County may, from time to time, in its sole discretion, choose to provide notice of the occurrence of certain other events if, in the judgment of the County, such other events are material with respect to the Series 2024 Bonds, but the County does not specifically undertake to commit to provide any such additional notice of the occurrence of any material event except those events listed above. Any voluntary inclusion by the County of supplemental information that is not required hereunder shall not expand the obligations of the County hereunder and the County shall have no obligation to update such supplemental information or include it in any subsequent report. SECTION 4. SUBMISSION OF INFORMATION TO THE MSRB. The information required to be disclosed pursuant to Sections 2 and 3 of this Disclosure Certificate shall be submitted to EMMA and/or any successor repository required by federal or state law or regulation. Subject to future changes in submission rules and regulations, such submissions shall be provided to the MSRB, through EMMA, in portable document format ("PDF") files configured to permit documents to be saved, viewed, printed and retransmitted by electronic means. Such PDF files are required to be word - searchable (allowing the user to search for specific terms used within the document through a search or find function available in a software package). Subject to future changes in submission rules and regulations, at the time that such information is submitted through EMMA, the County, or any dissemination agent engaged by the County pursuant to Section 7 hereof, shall also provide to the MSRB information necessary to accurately identify: (A) the category of information being provided; (B) the period covered by the County's Comprehensive Annual Financial Report and any additional financial information and operating data being provided; (C) the issues or specific securities to which such submission is related or otherwise material (including CUSIP number, County name, state, issue description/securities name, dated date, maturity date, and/or coupon rate); (D) the name of any Obligated Person other than the County; (E) the name and date of the document being submitted; and (F) contact information for the submitter. SECTION 5. REMEDIES; NO EVENT OF DEFAULT. The County agrees that its undertaking pursuant to the Rule set forth above is intended to be for the n 174 benefit of the holders and beneficial owners of the Series 2024 Bonds and shall be enforceable by any such holder or beneficial owner; provided that the right to enforce the provisions of this undertaking shall be limited to a right to obtain specific performance of the County's obligations hereunder and any failure by the County to comply with the provisions of this undertaking shall not be an event of default with respect to the Series 2024 Bonds under the Bond Resolution. SECTION 6. SEPARATE BOND REPORT NOT REQUIRED; INCORPORATION BY REFERENCE. The requirements of this Disclosure Certificate do not necessitate the preparation of any separate annual report addressing only the Series 2024 Bonds. These requirements may be met by the filing of a combined bond report or the County's Comprehensive Annual Financial Report; provided, such report includes all of the required information and is available by April 30. Additionally, the County may incorporate any information provided in any prior filing with EMMA or one of the Nationally Recognized Municipal Securities Information Repositories recognized by the SEC for purposes of the Rule or other information filed with the SEC or included in any final official statement of the County; provided, such final official statement is filed with the MSRB. SECTION 7. DISSEMINATION AGENTS. The County may, from time to time, appoint or engage a dissemination agent to assist it in carrying out its obligations under this Disclosure Certificate, and may discharge any such agent, with or without appointing a successor dissemination agent. The County has appointed HTS Continuing Disclosure Services, a Division of Hilltop Securities Inc., as its initial dissemination agent. SECTION 8. TERMINATION. The County's obligations under this Disclosure Certificate shall cease (a) upon the legal defeasance, prior redemption, payment in full of all of the Series 2024 Bonds, or (b) when the County no longer remains an Obligated Person with respect to the Series 2024 Bonds within the meaning of the Rule, or (c) upon the termination of the continuing disclosure requirements of the Rule by legislative, judicial or administrative action. SECTION 9. AMENDMENTS. The County reserves the right to amend the provisions of this Disclosure Certificate as may be necessary or appropriate to achieve its compliance with any applicable federal securities law or rule, to cure any ambiguity, inconsistency or formal defect or omission, and to address any change in circumstances arising from a change in legal requirements, change in law, or change in the identity, nature, or status of the County, or type of business conducted by the County. Any such amendment shall be made only in a manner consistent with the Rule and any amendments and interpretations thereof by the SEC. Additionally, compliance with any provision of this Disclosure Certificate may be waived. Any such amendment or waiver will not be effective unless this Disclosure Certificate (as amended or taking into account such waiver) would have complied with the requirements of the Rule at the time of the primary offering of the Series 2024 Bonds, after taking into account any applicable amendments to or official k, 175 interpretations of the Rule, as well as any change in circumstances, and until the County shall have received either (a) a written opinion of bond or other qualified independent special counsel selected by the County that the amendment or waiver would not materially impair the interests of holders or beneficial owners of the Series 2024 Bonds, or (b) the written consent to the amendment or waiver of the holders of at least a majority of the principal amount of the Series 2024 Bonds then outstanding. Annual Information containing any amended operating data or financial information shall explain, in narrative form, the reasons for any such amendment and the impact of the change on the type of operating data or financial information being provided. Additionally, in the year in which any change in accounting principles is made, the County shall present a comparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. SECTION 10. OBLIGATED PERSONS. If any person other than the County becomes an Obligated Person (as defined in the Rule) relating to the Series 2024 Bonds, the County shall use its best efforts to require such Obligated Person to comply with all provisions of the Rule applicable to such Obligated Person. Dated: [ 1, 2024 ATTESTED AND COUNTERSIGNED: By: Clerk of the Clerk of the Circuit Court and Ex -Officio Clerk of the Board of County Commissioners of Indian River County, Florida Cel Chairman, Board of County Commissioners 176 William K. DeBraal, County Attorney Susan J. Prado, Deputy County Attorney Ofce of 0� Consent 06/04/2024 INDIAN RIVER COUNTY MEMORANDUM TO: Board of County Commissioners THROUGH: Kirstin Leiendecker, P.E., Interim Public Works Director FROM: William K. DeBraal, County Attorney DATE: May 22, 2024 ATTORNEY SUBJECT: Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation for Lost Tree Village Lost Tree Village subdivision is located on 69th Street near Old Dixie Highway and the Florida East Coast Railroad tracks. The plat was approved by the Board of County Commissioners (Board) in 2023 with certain conservation easements depicted. One of those easements is located near 6911 Street and needs to be modified slightly so as to accommodate the required sidewalk to be installed along 69th Street. Some of the existing conservation easement near the sidewalk will be substituted for additional property to be included in the conservation easement near the storm water retention pond. The County is not the only regulatory agency that must approve the easement modification. Both St. Johns River Water Management District and the Indian River Mosquito Control District must also join in and consent to this change. The Board approved the Amendment to Regulatory Conservation Easement at its meeting of September 12, 2023, and the Developer forwarded the Board's signed original to St. Johns for signature. Unfortunately, that document was lost. It has now been replaced by the Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation, that is attached to this memorandum. Since the replacement document is significantly different than the old one, staff submits the new document for approval by the Board. Staff has no objection to the new Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation. A sketch and legal description of the revised conservation easement is included with the new document. Funding. There is no impact to County funds brought about by this matter Recommendation. Staff recommends the Board of County Commissioners approve the Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation, and authorize the chairman to sign the document on behalf of the Board. Attachments. Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation Copies to: Stephen Melchiori, P.S.M. Kirstin Leiendecker, P.E., Interim Public Works Director 177 Prepared by: Stephen R. Melchiori, PSM 1995 W. Barefoot Place Vero Beach, Florida 32963 Return recorded original to: Office of General Counsel St. Johns River Water Management District 4049 Reid Street Palatka, FL 32177 Note to Recording Clerk: Please cross reference with OR Book 3134 Page 2422 PARTIAL RELEASE OF REGULATORY CONSERVATION EASEMENT IN EXCHANGE FOR SUBSTITUTE MITIGATION THIS PARTIAL. RELEASE OF REGULATORY CONSERVATION EASEMENT IN EXCHANGE FOR SUBSTITUTE MITIGATION is entered into this day of 20 , by Lost Tree Preserve Owners Association, Inc., a Florida non-profit corporation whose address is 11300 U.S. 1, Suite 100, Palm Beach Gardens, FL 33408 ("Grantor"), and ST_ JOHNS RIVER WATER MANAGEMENT DISTRICT, whose address is 4049 Reid Street, Palatka, Florida 32177 ("Grantee") RECITALS: WHEREAS, Grantor's predecessor in title, Lost Tree Preserve, LLC, a Florida limited liability company, executed and granted a Conservation Easement dated July 5, 2018, and recorded in Official Records of Indian River County in Book 3134, Page 2422 ("the Conservation Easement"), over certain real property situated, lying and being in Indian River County, Florida, as more particularly described therein, in accordance with District Permit No. 4-061-96932-2, ("Permit"); and 1 178 WHEREAS, Grantor has requested that the Grantee release a portion of the property subject to the Conservation Easement, as described in attached Exhibit "1." WHEREAS, Grantee has agreed to release the portion of the property subject to the Conservation Easement described in the attached Exhibit "1" in exchange for mitigation of at least equivalent ecological value; and WHEREAS, the parties intend to ratify the remainder of the Conservation Easement which is not released herein; and WHEREAS, subsection 704.06(4), Florida Statutes, provides that the holder of a conservation easement may release that conservation easement to the holder of the fee interest. NOW THEREFORE, in consideration of the above and the mutual covenants, terms, conditions and restrictions contained herein, and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Release. Grantee hereby releases, terminates, discharges, and quit claims any and all interests, rights, privileges, and licenses in and to the property described in attached Exhibit 1."This Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation is binding upon and shall inure to the benefit of Grantor and its successors and assigns. This Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation applies specifically to the real property described in attached Exhibit 1." 2. Substitution. In Exchange for the release identified in Paragraph 1 herein, Grantor hereby grants to Grantee a conservation easement over the property described in attached Exhibit "2" ("the Property") 179 3. Reaffirmation. Except as specifically set forth herein, all provisions of the Conservation Easement shall remain unchanged and in full force and effect. The property described in the Conservation Easement is unaffected by this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation and shall continue to be bound by the terms of said Conservation Easement. 4. Purpose. The purpose of this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation is, in part, to assure that the Property will be retained forever in its existing natural condition and to prevent any use of the Property that will impair or interfere with the environmental value of the Property. 5. Prohibited Uses. Except for restoration, creation, enhancement, maintenance and monitoring activities, or surface water management improvements, which are permitted or required by the Permit, the following activities and uses are expressly prohibited on the Property: (a) Construction or placing buildings, roads, signs, billboards or other advertising, utilities or other structures on or above the ground. (b) Dumping or placing soil or other substance or material as landfill or dumping or placing of trash, waste or unsightly or offensive materials. (c) Removing or destroying trees, shrubs, or other vegetation. (d) Excavating, dredging or removing loam, peat, gravel, soil, rock or other material substances in such a manner as to affect the surface. (e) Surface use, except for purposes that permit the land or water area to remain predominantly in its natural condition. 180 (f) Activities detrimental to drainage, flood control, water conservation, erosion control, soil conservation, or fish and wildlife habitat preservation. (g) Acts or uses detrimental to such retention of land or water areas. (h) Acts or uses detrimental to the preservation of the structural integrity or physical appearance of sites or properties of historical, architectural, archaeological, or cultural significance. 6. Reserved Rights. Grantor reserves unto itself, and its successors and assigns, all rights accruing from its ownership of the Property, including the right to engage, in or permit or invite others to engage in all uses of the Property, that are not expressly prohibited herein and are not inconsistent with the purpose of this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation. 7. Rights of Grantee. To accomplish the purposes stated herein, Grantor conveys the following rights to Grantee: (a) To enter upon and inspect the Property in a reasonable manner and at reasonable times to determine if Grantor or its successors and assigns are complying with the covenants and prohibitions contained in this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation. (b) To proceed at law or in equity to enforce the provisions of this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation and the covenants set forth herein, to prevent the occurrence of any of the prohibited activities set forth herein and require the restoration of areas or features of the Property that may be damaged by any activity inconsistent with this 181 Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation. 8. Grantee's Discretion. Grantee may enforce the terms of Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation at its discretion, but if Grantor breaches any term of this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation and Grantee does not exercise its rights under this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation, Grantee's forbearance shall not be construed to be a waiver by Grantee of such term, or of any subsequent breach of the same, or any other term of this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation, or of any of the Grantee's rights under this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation. No delay or omission by Grantee in the exercise of any right or remedy upon any breach by Grantor shall impair such right or remedy or be construed as a waiver. Grantee shall not be obligated to Grantor, or to any other person or entity, to enforce the provisions of this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation. 9. Grantee's Liability. Grantor will assume all liability for any injury or damage to the person or property of third parties which may occur on the Property arising from Grantor's ownership of the Property. Neither Grantor, nor any person or entity claiming by or through Grantor, shall hold Grantee liable for any damage or injury to person or personal property which may occur on the Property. 10. Acts Beyond Grantor's Control. Nothing contained in this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation shall be 182 construed to entitle Grantee to bring any action against Grantor for any injury to or change in the Property resulting from natural causes beyond Grantor's control, including, without limitation, fire, flood, storm and earth movement, or from any necessary action taken by Grantor under emergency conditions to prevent, abate or mitigate significant injury to the Property or to persons resulting from such causes. 11. Recordation. Grantor shall record this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation in timely fashion in the Official Records of Indian River County, Florida, and shall rerecord it at any time Grantee may require to preserve its rights. Grantor shall pay ail recording costs and taxes necessary to record this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation in the public records. Grantor will hold Grantee harmless from any recording costs or taxes necessary to record this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation in the public records. 12_ Successors. The covenants, terms, conditions and restrictions of this conservation easement shall be binding upon, and inure to the benefit of the parties hereto and their respective personal representatives, heirs, successors and assigns and shall continue as a servitude running in perpetuity with the Property. Grantee will hold this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation exclusively for conservation purposes. Grantee will not assign its rights and obligations under this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation. 183 IN WITNESS VMEREUF, the parties have executed this Partial Release of Regulattysetvarl Easement tkv-ge fot ,institute Mitigatlort Cit1 the da}I. f year first above written. Signed, sealed and delivered 1NT411: in our presence as witnesses: is Tree Prosww Ovp Ws 't,; Al Signature:�1. Panted Name: m. gess: ��' " , Printed ` ame: .Steve' j T President i Signature: Printed IV -me: "LCi 1..�. t Address;,' ST- AjE OF FLOBIDA. COUNTY OF, The foregoing instrument was acknowledged befbwM. by merles H. Stevens, President of t Tree Preserve Owners Association, lnc..s Flarido QWporation by means of * ai press'ce or. 00 onjl notanzai , tt ray of On . * ,ffli► , who did M Wo on. o8gh. Notary Public"2vA* I ,. ERIN N.6ELPLATO at Large. *' MY COMMISSION A HH 342776 EXPIRES: Apd 18, 2027 i Z'f-fir;``' Salm No, Personally known . OR, #rodum.4 .kkx_0wtiM f +pit n produced 184 JOINDER AND SUB IM�iA'•M1 OF RIVER COUNTY moi ' THE. INDIAN RNER COUMW AAOSWTO CONTRONL DISTRICT Indian River County and the Indian River Couf Mosquito COMI Dis#WJOM In the execution of this Partial Release of Regulatory C4nservation Easement In Exchange for Substitute Mitigation and acknowledge and oenftyn that rights granted under the plat dedications to the County and District with reppeO to Troct C, Lost Tree Preserve Phase I as per plat thereof recorded in Plat c , Pie 1 are subjecterid subordinate to the terms :and condk of the Partial Release of Regula Conservation Easement in: ExclvM$ fqr &*n&ute Miti aWn described Woln as amended only as to that portion of TrW C described in E~ 2 of the Wegoing PaMal Release of Regulatory Conservatid Easement V1 Exdiange for Substitute Mitigations. � IN W TWESS WHEREOF, this Joinder and Subordination is executed by the undersigned on ti^ day of _, 2024. 111di+Esrn F byOr C. i IN WITNESS WHEREOF, the Board joins in and subordinates its interest to this Partial Release of Regulatory Conservation Easement in Exchange for Substitute Mitigation Agreement as of the date approved below. BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA Am Susan Adams, Chairman BCC Approved: Attest: Ryan L. Butler, Clerk of Court and Comptroller in Deputy Clerk Approved as to form and legal sufficiency William K. DeBraal County Attorney Approved: By John A. Titkanich. Jr. County Administrator 187 Exhibit 1 (the release parcel) 188 Area to be removed from the Conservation Easement Parcel A A portion of Tract M, Lost Tree Preserve PD, Phases 2 and 3, as recorded in Plat Book 31, Pages 69 thru 76, Public Records of Indian River Countyi, Florida; A portion of Said Tract M is included in the Conservation Easement recorded in Official Record Book 3134, Page 2422, Public Records of Indian River County, Florida. Begin at the southwest comer of said Tact M, thence, N1495'26"W, along the west line of said Tract M, for a distance of 8.07% thence, S83°36'51"E, for a distance of 22.95'; thence, S89°32'09"E, for a distance of 140.52'; thence, N89°41'00"E, for a distance 4053.50% then* N88'56'1 3- E, for a distance of I .f1`; thence, N81°12' 38"E, for a distance d 30.82'; thence, S86' 1Yl 9"E, for a distance of 33 ; thence, S88°42'22"E, for a distance of 135.06'; thence, N86°23'09"E, for a distance of 19:32'; thence, S88°46'23"E, for a distance of 10.17; thence, S75°08'25"E, for a distance of 7.63' to a point on the south line of said Tract M; thence, along the south line of said tract M, S89°32' 12"W, for a distance of 889.68' to the point of beginning. Said parcel contains 2,770 square feet more or less. Parcel B A portion of Tract M, Lost Tree Preserve PD, Phases 2 and 3, as recorded in Plat Book 31, Pages 69 thru 76, Public Records of Indian River County. Florida; A portion of Said Tract M is included in the Conservation Easement recorded in Official Record Book 3134, Page 2422,... Public Records of Indian River County, Florida. Commence at the northwest corner of said Tract M, thence, N89°21' 19"E, along the north line of said Tract M, for a distance of 105.50' to the point of beginning for the herein described parcel of land; thence, S87°45'56"E, for a distance of 12.6W; thence, N89'57'11" E, for a distance of 56M; thence, S89°52'39"E, for adistance of 48.0(x; thence, S87'09'1 8"E, for a distance of 64 4T-� thence, S87°44'00"E, for a#iistance of 105.14'; thence, N88°50'33"E, for a distance of 10,91% thence, N85°23'04"E, for a distance of 103.08'; thence, N87°49'46"E, for a distance 4°44.52'; thence, S86°W59"E, for a distance of 113.10'; thence, N82'14'05'E, for a distance of 50.89; thence, N78°42'58"E, for a distance of 22.69' to a point on the north line of said Tract M; thence, along the north line of said Tract M, S89°21'19"W, for a distance of 728.38' to the point of beginning. Parcel C A portion of Tract M, Lost Tree Preserve PD, Phases 2 and 3, as recorded in Plat Book 3141%ges 69 thru 76, Public Records of Indian River County, Florida; A portion of Said Tract M is included in the Conservation Easement recorded in Official Record Book 3134, Page 2422, Public Records of Indian River County, Florida. Commence at the northwest Omer of said Tract M, thence, N89°21' 19"E, along the north line of said Tract M, for a distance of 852.'`u the point of beginning for the herein described parcel of land; thence, S78°30' 11'x, for &' distance of 16.1.3'; thence, N83°54' 14"E, for a distance of 35.70' to a point on the north line of said Tract M; thence, along the nor b RM of said Tract M, S89°21' 1<9"W, for a distance of 51.30' to the voint of beainninQ. F 3NITH,31WI Exhibit 2 (the exchange parcel) 198 j 3 _ Pwr - k Algia o be added to the tonservatimAsommW 3 A portion of Tho C,, Lees Tim Preserve P1), Phise 1, as recorded in Pyrl k-A I%V* 1 tl 8, Public Rec" ofhmfm River CouaW, F1orlda; Commence at ft comet of mei Tract C, said'poinitdlso being the northeasterly com of Tract B as.depleftil an wN pla'aft4wf Tree Preserve PD, Phase 1. SmW T act B being a portion of the Comwvdim went recorded in Official Record B ok 3134, Pio 2422, Public Records of In4n River , Florida. thence along the r north bouxlwy of said Tract C, 589022' l 1 "E, Iw a of 16.23'to the point of beginning; thence continue S89°22' 11"E, along said mm* Use of said Tuna C, hr a distance of'SM; thence, S29°31' 13"E, for a distance of I4.76; thence, S2t�4'S6'� :lr a distance off' t7"; thence S29°22'34" E, for a distance of 1031'-Ibmce, SW16'3tY'Fa'*ta distanmVAI- ; thence, S41 *43'54"", for a distance of 13.73'; fence,: 10"1, for a distance of 92i thence, 507°21'48"W, for a distance of 2$;34'; thencck 53MVM for a distance of 28.7r s thence S06° 14'44'E, for a distance of 10.54'; thence, 83P4$'4-M a &stance of*W* thence, S00°43'OrW, for a distance of ISM; thence... SWi°4t?'1M for a distance trf2119A'; ; thence S211"34"3 for a distance of 1;9.;x"; thence,' 461, 1"W, for a distance of 26.3V; thence, 372°3510 "W, icor a distance ofUJIV; thenc4, 889°-31"51"W, for a distance orf ....,95' thence, 1473°47' "W, fora distance of 14.W; thence, 'N# r27"R-, for a distanawif 14.W- thence thence S69031'37"W, fpr a distance of t.78'; thence, . :# 'Q3"W, for a distance of23.3T; thence, N37014'02"W, for a distanc* 021.48'; thence M*54WE, for a distance 4M.13';: thence, S43"18'17"E, lour a distance of 1473; thence,1447°g373"E , for a distance of X42'; thence, NO3°5313WV. for a distance of6.5.34'; them%minTIM, for a distance of45:3''5', thence, I+i32"D2r44"W fora distance of.51.70' to theVOWO(beginning. Said parcel coaftbu 8,015 squM fiat m ISS. ;2 Melchi011, . �. :Reegistravon ts SJFAM : Closure tai 199 �m DISTRICT INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Honorable Board of County Commissioners THROUGH: John A. Titkanich, Jr., County Administrator THROUGH: David Johnson, Director Department of Emergency Services FROM: Stephen R. Greer, Assistant Fire Chief of EMS Fire Rescue Division DATE: May 10, 2024 SUBJECT: Approval of FY 2023/2024 EMS County Awards Grant: Purchase of Capital/Operating Equipment Using Non -Matching EMS Grant Funds and Grant Resolution It is respectfully requested that the information contained herein be given formal consideration by the Emergency Services District Board of Commissioners at the next regular scheduled meeting. DESCRIPTION AND CONDITIONS: The Department of Health, Bureau of Emergency Medical Services (EMS), is authorized by Chapter 401, Part II, Florida Statutes, to distribute county grant funds. The funds are then made available to eligible county governments to improve and expand their prehospital emergency medical services. The grant program is an innovative process, which enables EMS agencies to enhance EMS systems through the Board of County Commissioners. It should be noted that the conditions of the grant require the County to ensure that the EMS grant funds will not be used to supplant or replace any existing EMS budget allocations and the resolution must include a statement to that effect. The grant conditions also require a separate accounting of the EMS funds from all other funds. Historically, the County Awards Grant has been used to purchase medical related equipment or equipment that will assist in the delivery of the service. The county grant funds are derived from surcharges on various traffic violations. Funding in the amount of $18,251.69 has been allocated to Indian River County for FY 2023/2024. The grant funds will be utilized as indicated in the grant application for equipment and services to improve and expand the Advanced/Basic Life Support EMS prehospital system. The equipment proposed and justification for purchase in the expenditure plan is as follows: 202 Strategic Ons TCCC Instructor Kit Tier 1-2 & TCCC Instructor Kit Advanced Tier 3 The TCCC Instructor Kits Tier 1-2 and Advanced Tier 3 are designed as an extensive moulage and wearable kit which is engineered to meet the needs of civilian and military medical teams training in real environments. The TCCC Instructor Kit Advanced includes a cut suit vest with bleeding wounds, that is able to afford enhanced training for realistic point -of -injury, transport, and in-hospital care training. This equipment has a total cost of $60,701. FUNDING: To cover the purchase of the TCCC Instructor Kit Advanced, $54,266 will come from the Emergency Services District/Fire Rescue/Other Machinery & Equipment/FL DOH EMS Grant account, number 11412022-066490-23701. A budget amendment in the amount of $18,252 will be needed to allocate the FY 2023/2024 grant. The remaining $6,435 will come from the Emergency Services District/Fire Rescue/Other Machinery & Equipment/PEMT account, number 11412022-066490-20023, for a total cost of $60,701. Account Name Account Number Amount ESD/Fire Rescue/Other Mach. & Equip/FL DOH EMS Grant 11412022-066490-23701 $54,266 ESD/Fire Rescue/Other Mach. & E ui /PEMT 11412022-066490-20023 $6,435 Total $60,701 RECOMMENDATION: Staff recommends approval of the FY 2023/2024 EMS Grant and resolution to purchase the equipment as noted in the attachments. Staff further recommends that the Board of County Commissioners authorize the Chairman to execute the necessary documents to obtain funds from the Department of Health in the amount of $18,251.69 and authorize budget amendments, as required, to receive and expend the grant funds. To comply with the requirements of this Grant, staff is also seeking authorization for the establishment of a unique accounting code designator for all County Awards Grant deposits, disbursements, interest accrual and rollover of funds, as they are required to be maintained in a separate fund or account for inspection by the State EMS Monitoring and Compliance Unit. ATTACHMENTS: 1. Grant Application 2. 2023-2024 County Allocations 3. Resolution 203 Instructions: County Government Application Form 2023-2024 The first application page has five numbered items Please note that Item 2 on the first application page is where the county's authorized person must provide his/her signature and the date. Item 4 describes the content of the current "resolution" that is required. However, if a previous resolution has continuing authority, include a signed message about this and provide a copy of the previous resolution. Item 5 of the first page of the application form asks for the name of the organization(s) to which you decide to allocate funds from your new county grant. The second page of the application form is the budget page, and one of these budget pages is needed for each organization listed in Item 5. The county alone has the authority to use all the grant funds itself or to provide some of the funds to other organizations within the county. However, the county remains responsible to the state for all the funds. The budget costs must total to the exact amount of new funds for your grant. You can request budget changes and to add to the new grant budget unexpended previous funds from the prior grant, after the new grant begins. The Request for Grant Fund Distribution Form is the last page herein and you must complete only the top part of the form. State EMS will complete the bottom part, as stated on the form. You should copy all forms on your computer to use them. If you place them in restricted editing mode, you can use your keyboard Tab key to go from field to field. Note: This instruction form is for information purposes only and is not part of form DH 1684. 204 EMS COUNTY GRANT APPLICATION FLORIDA DEPARTMENT OF HEALTH Emergency Medical Services Program Complete all items ID. Code The State EMS Program will assign the ID Code — leave this blank 1. County Name: Indian River County Business Address: 1801 27"' St Vero Beach, FL 32960 Telephone: 772-226-3900 Federal Tax ID Number Nine Digit Number): VF 59-60006764 2. Certification: (The applicant signatory who has authority to sign contracts, grants, and other legal documents for the county.) I certify that all information and data in this EMS county grant application and its attachments are true and correct. My signature acknowledges and assures that the county shall comply fully with the conditions outlined in the Florida EMS County Grant Application. Siqnature: Date: Printed Name: Susan Adams Position Title: Chairman, Board of County Commissioners 3. Contact Person: (The individual with direct knowledge of the project on a day-to-day basis and has responsibility for the implementation of the grant activities. This person is authorized to sign project reports and may request project changes. The signer and the contact person may be the same.) Name: Stephen R. Greer Position Title: Assistant Fire Chief of EMS Address: 4225 43rd Ave Vero Beach, FL 32967 Telephone: 772-226-3900 Fax Number: 772-978-1820 E-mail Address: sgreer@_indianriver.gov 4. Resolution: Attach a resolution from the Board of County Commissioners certifying the grant funds will improve and expand the county pre -hospital EMS system and will not be used to supplant current levels of county expenditures. We cannot process for funds without this resolution. 5. Organization List: Complete a budget page(s) for each organization, which at your option you will provide funds. List the organization(s) below. (Use additional pages if necessary) DH 1684, December 2008 (Rev. July 201 205 BUDGET PAGE - When the budget form is in your computer, the budget totals below should be added for you if you place your cursor over a subtotal or total field, Eight click your mouse, then left click "Update Field" on the resulting menu. A. Salaries and Benefits: For each position title, provide the amount of salary per hour, FICA per i2l hour, other fringe benefits, and the total number of hours. Amount Total Ex enses = $ 0.00 TOTAL Salaries = $ 0.00 TOTAL FICA & Other Benefits = Total Salaries & Benefits = $ 0.00 B. Expenses: These are travel costs and the usual, ordinary, and incidental expenditures by an agency, such as, commodities and supplies of a consumable nature excluding expenditures classified as operating capital outlay (see next category). List the item and, if applicable, the quantity k sh- Amount Total Ex enses = $ 0.00 C. Vehicles, equipment, and other operating capital outlay means equipment, fixtures, and other tangible personal property of a non -consumable and non -expendable nature with a normal expected life OT one year or more. List the item and, if applicable, the quantity Amount Strategic Operations TCCC Instructor Kit Advanced Tier 3 18,251.42 DH 1684, December 2008 Total Vehicles & Equipment = I $ 0.00 Grand Total = $ 18,251.69 206 FLORIDA DEPARTMENT OF HEALTH EMERGENCY MEDICAL SERVICES (EMS) GRANT UNIT REQUEST FOR GRANT FUND DISTRIBUTION In accordance with the provisions of section 401.113(2) (a), Florida Statutes, the undersigned hereby requests an EMS grant fund distribution for the improvement and expansion of pre -hospital EMS. The county name, address, and corresponding federal ID number used herein must be in the state MyFloridaMarketPlace (MFMP) system. A finance person in your organization who does business with the (state can provide these. Name of County: Indian River County Board of County Commissioners Mailing Address: 1800 27"' St Vero Beach, FL 32960 Federal 9 -digit Identification number: 59-60006764 Authorized County Official: Signature Susan Adams Chairman Type or Print Name and Title it sea. code 070 Date Sign and return this page with your application to: Florida Department of Health Emergency Medical Services Unit, Grants 4052 Bald Cypress Way, Bin A-22 Tallahassee, Florida 32399-1722 Do not write below this line. For use by State Emerqencv Medical Services Section Grant Amount for State to Pay: $ Approved By: Approved By: Signature of State EMS Unit Supervisor Signature of Contract Manager State Fiscal Year: 2023 - 2024 Grant ID: Code: Organization Code E.O. OCA Object Code 64-61-70-30-000 05 SF005 751000 Federal Tax 1D: VF _ _ _ _ _ _ _ _ Seq. Code: Grant Beginning Date: Grant Ending Date: Date Date Category 059998 DH 1767P, December 2008 (rev. June 8, 2018), incorporated by reference in F.A.C. 64J-1.015. 3 207 2023 - 2024 Payments to County Governments Required by Section 401.113 (2)(a), Florida Statutes County New Funds Alachua $39,734.92 Baker $4,668.24 Bay $20,645.32 Bradford $20,357.34 Brevard $45,041.36 Broward $92,781.44 Calhoun $2,556.10 Charlotte $29,198.18 Citrus $15,885.82 Clay $21,754.11 Collier $78,658.02 Columbia $15,641.91 Desoto $5,771.04 Dixie $2,048.50 Duval $82,316.27 Escambia $28,097.03 Flagler $9,788.44 Franklin $1,130.34 Gadsden $6,984.86 Gilchrist $2,411.24 Glades $7,388.89 Gulf $2,718.53 Hamilton $5,942.28 Hardee $10,052.07 Hendry $8,072.82 Hernando $20,643.45 Highlands $10,857.66 Hillsborough $97,576.60 Holmes $1,606.94 Indian River $18,251.69 Jackson $6,194.84 Jefferson $7,039.89 Lafayette $804.42 Lake $33,179.90 Lee $66,473.70 Leon $24,425.81 Levy $8,465.79 Liberty $1,714.34 Madison $5,851.85 Manatee $41,137.91 Marion $25,611.15 208 Martin $23,728.21 Miami Dade $127,966.97 Monroe $36,639.33 Nassau $6,482.13 Okaloosa $24,597.23 Okeechobee $4,138.55 Orange $237,962.72 Osceola $59,253.35 Palm Beach $183,816.99 Pasco $34,979.14 Pinellas $140,321.03 Polk $96,280.26 Putnam $5,210.37 St. Johns $24,331.23 St. Lucie $40,317.82 Santa Rosa $23,939.42 Sarasota $48,326.05 Seminole $63,897.50 Sumter $17,476.43 Suwannee $6,904.61 Taylor $1,856.20 Union $785.23 Volusia $55,486.25 Wakulla $3,552.63 Walton $8,007.68 Washington $2,431.04 Tota Is 1 $ 2,208,169.38 209 RESOLUTION NO. 2024- A RESOLUTION OF THE EMERGENCY SERVICES DISTRICT BOARD OF COMMISSIONERS, INDIAN RIVER COUTY, FLORIDA, AUTHORIZING THE APPLICATION FOR FUNDING COUNTY EMERGENCY MEDICAL SERVICES (EMS) GRANT AWARDS TO BE SUBMITTED TO THE STATE OF FLORIDA DEPARTMENT OF HEALTH, BUREAU OF EMERGENCY MEDICAL SERVICES. WHEREAS, The Florida Department of Health, Bureau of Emergency Medical Services announced that applications for funding County Emergency Medical Services (EMS) Grant awards are now being accepted and a grant application has been prepared for Indian River County; and WHEREAS, an application for grant funds for fiscal year 2023/2024 has been prepared by the County; and NOW, THEREFORE, BE IT RESOLVED BY THE EMERGENCY SERVICES DISTRICT BOARD OF COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that the Chairman is authorized to sign and execute the application for EMS grant funds certifying that monies from the EMS Grant Program For Counties will improve and expand the County's pre -hospital EMS system and that the funds will not be used to supplant existing County EMS budget allocations. The foregoing Resolution was offered by Commissioner adoption. The motion was seconded by Commissioner _ vote, the vote was as follows: Chairman Susan Adams Vice -Chairman Joseph Flescher Commissioner Joseph H. Earman Commissioner Deryl Loar Chairman Laura Moss _ who moved its upon being put to a The Chairman thereupon declared the resolution duly passed and adopted this fourth day of June 2024. ATTEST: Ryan L. Butler, Clerk of Court and Comptroller Approved as to form and legal sufficiency: 0 William K. Debraal County Attorney EMERGENCY SEVICES DISTRICT BOARD OF COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA BY: Susan Adams, Chairman 210 O DISTRICT INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: John A. Titkanich, Jr., County Administrator THROUGH: David Johnson, Director Department of Emergency Services FROM: Alicia Reyes, Staff Assistant IV Department of Emergency Services DATE: May 22, 2024 SUBJECT: Approval of Fourth Renewal of Third Amendment of Property Lease for Temporary Location of Fire Station #7 It is respectfully requested that the information contained herein be given formal consideration by the County Administrator. DESCRIPTION: On June 23, 2015, Joseph G. Miller and Indian River County entered into a lease agreement for the use of the property located at 1893 90t` Avenue, Vero Beach, Florida to serve as a short-term location for modular Fire -Rescue Station #7. On May 2, 2017, an Amendment to the Lease Agreement was approved reflecting St. Lucie County Battery and Tire Company as the Lessor on the agreement. The initial term of the lease agreement was 24 months with the option to renew for 3 additional one (1) year terms. On June 11, 2019, the County utilized the final one (1) year extension and the lease expired on June 18, 2020. On August 18, 2020, the Board approved a second amendment and renewal of the property lease with the option to renew for 3 additional one (1) year terms. On July 6, 2021, the Board renewed the lease agreement for the first one (1) year term. On June 21, 2022, the Board renewed the lease agreement for the second (2) year term. On June 6, 2023, the Board renewed the lease agreement for the third (3) year term. The current lease is due to expire on June 18, 2023, and at this time, staff is requesting to extend the lease for one (1) year term. The current monthly lease amount is $1,159.27. ($13,911.24 annually). The new rate will be increased by 3% to $1,194.05 per month ($14,328.60 annually). This is an increase of $34.78 per month ($417.36 annually). FUNDING: Funding for the property lease is budgeted and available in the Emergency Services District/Fire Rescue/Rent-Land account, number 11412022-034410, in the amount of $14,328.60. ACCOUNT NAME ACCOUNT NUMBER AMOUNT Emergency Services District/Fire Rescue/Rent-Land 1 11412022-034410 1 $14,328.60 RECOMMENDATION: Staff recommends approval of the fourth renewal of property lease. ATTACHMENTS: Fourth Renewal to Third Amendment of Lease Agreement 211 FOURTH RENEWAL TO THIRD AMENDMENT OF LEASE AGREEMENT THIS FOURTH RENEWAL OF THIRD AMENDMENT OF LEASE AGREEMENT ("Renewal") is entered into as of the day of June, 2024 by and between St. Lucie Battery and Tire Company, a Florida corporation, ("Lessor") and Indian River County, a political subdivision of the State of Florida (the "Lessee"): RECITALS WHEREAS, on June 23, 2015, Joseph G. Miller and Lessee entered into a lease agreement (the "Lease Agreement") for the use of the property located at 1893 90th Avenue, Vero Beach, Florida (the "Leased Premises") to serve as a short term location for a modular Fire Station #7; and WHEREAS, on November 2, 2016, Joseph G. Miller, individually, and as Trustee of the Joseph G. Miller Revocable Living Trust, dated October 2, 1986, deeded the Leased Premises to Lessor; and WHEREAS, on May 2, 2017, Lessor and Lessee entered into an Amendment to Lease Agreement, reflecting St. Lucie Battery and Tire Company as the Lessor on the Lease Agreement; and WHEREAS, the Lease Agreement was for an initial term of 24 months and allowed the Lessee to renew the Lease Agreement for 3 additional one (1) year terms; and WHEREAS, the Parties renewed the Lease Agreement, as amended, until August 18, 2020, when it was set to expire; and WHEREAS, the Parties entered into a Second Amendment and Renewal of Lease Agreement (Second Amendment) on August 18, 2020, that renewed the Lease Agreement for an additional one (1) year term with the option to extend the Lease Agreement for three additional one (1) year terms; and WHEREAS, on July 6, 2021, the Lessor and Lessee renewed the Lease Agreement for the first one (1) year term; WHEREAS, on June 21, 2022, the Lessor and Lessee renewed the Lease Agreement for the second one (1) year term; WHEREAS, on June 6, 2023, the Lessor and Lessee renewed the Lease Agreement for the third one (1) year term; WHEREAS, it is the intent of the Lessor and the Lessee that the Lease Agreement be extended for the third one (1) year term; and Page 1 of 2 212 NOW THEREFORE, in consideration of the mutual undertakings herein and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree, as follows: 1. Recitals. The above recitals are true and correct and are incorporated herein. 2. Amendment. The Lease Agreement is hereby renewed to provide for an additional term of one year from June 19, 2024 to June 18, 2025. 3. Be it further amended that the rental rate paid to the Lessor by the Lessee be increased by 3% to $1,194.05 per month or $14,328.60 annually. 4. All provisions of the Lease Agreement, as amended by the Amendment to Lease Agreement, shall remain in full force and effect. IN WITNESS WHEREOF, the Lessor and Lessee have executed this instrument this day of June, 2024. INDIAN RIVER COUNTY, FLORIDA Susan Adams, Chairman Board of County Commissioners Date Approved: ATTEST: Ryan L. Butler Clerk of the Court and Comptroller By: Deputy Clerk APPROVED AS TO FORM: William K. DeBraal, Esq. County Attorney Page 2 of 2 St. Lucie Battery and Tire Company By: G. Douglas Miller Title: President Witnessed by: Signature: Printed name: Signature:_ Printed name: APPROVED John A. Titkanich, Jr. County Administrator 213 M `r INDIAN RIVER COUNTY, FLORIDA u ►i•._►11WEN TO: John Titkanich, Jr., County Administrator THROUGH: Kirstin Leiendecker, P.E., Acting Public Works Director FROM: Andrew Sechen, Land Acquisition Specialist SUBJECT: Property Exchange for Right -of -Way Acquisition 3890 Old Dixie Highway, Vero Beach, FL 32960 & 3900 Old Dixie Highway, Vero Beach, FL 32960 Golden Eagle Upholstery Services Corporation DATE: April 29, 2024 DESCRIPTION AND CONDITIONS Property Exchange for Right -of -Way Acquisition on 39th St was passed on 5/2/2023 with the prior owners, Carrol and Jane Collins. The Collins did not finalize the transaction in executing the deeds to swap the property with the County and sold the property within days of Board's approval to the current owner. Golden Eagle Upholstery Services Corporation is the current owner of said properties that were part of the prior approved exchange. As the exchange was never finalized and the property has now changed hands, we have brought it back to the Board for approval to ask for approval to move forward with the exchange with the current property owners. The Reason for these exchanges is an issue with the right-of-way for 39`h Street is not a continuous width between Old Dixie Highway and US -1. In order to address this issue, it will require working with the property owners of the property located at 3890 Old Dixie Highway, Vero Beach, FL 32960 & 3900 Old Dixie Highway, Vero Beach, FL 32960 in an exchange of properties between the County and the property owner. The properties are both owned by Golden Eagle Upholstery Services Corporation and are zoned CG & OCR. As part of the property exchange, Golden Eagle agrees to convey to the County the south 15.28 feet of Lot 51 of Espy's Subdivision and North 30 feet of lot 52. The County agrees in exchange to convey to Golden Eagle the south 15.27 feet of Lot 52. The exchange process involves the advertising a Public Notice of Sale for two weeks as is required by Florida Statute. This item was noticed in a public newspaper on May 17, 2024 and May 24, 2024. There is an advertising fee of $285.98. There are no appraisal fees or attorney's fees for the exchange of the subject properties. FUNDING Funding for the advertising fee of $285.98 is budgeted and available in Account No. 10924741-034910, Secondary Roads/Real Estate/Legal Advertisement. RECOMMENDATION Staff recommends the Board authorize the Chairman to execute the Resolution adopting the exchange of the property, as well as the Real Estate Exchange Agreement on behalf of the Board. 214 Page 2 Property Exchange for Right -of -Way Acquisition — Golden Eagle Upholstery Services Corporation, Florida Corporation 3890 Old Dixie Highway, Vero Beach, FL 32960 & 3900 Old Dixie Highway, Vero Beach, FL 32960 April 29, 2024 ATTACHMENTS Real Estate Exchange Agreement Resolution for Golden Eagle Property Exchange Exhibit A Exhibit B Exhibit C APPROVED AGENDA ITEM FOR: June 4, 2024 215 REAL ESTATE EXCHANGE AGREEMENT Between INDIAN RIVER COUNTY AND GOLDEN EAGLE UPHOLSTERY SERVICES CORPORATION This Real Estate Exchange Agreement (Agreement) entered into this day of , 202 between Indian River County, a political subdivision of the State of Florida ("the County") 1801 27th Street, Vero Beach, Florida 32960; and Golden Eagle Upholstery Services Corporation, a Florida corporation whose address is, 5575 US Highway 1, #4, Vero Beach, Florida 32967 ("Golden Eagle"). WHEREAS, the County has future plans to widen and improve 39th Street between Old Dixie Highway and 201h Avenue that will require the utilization of part of the Golden Eagle property located on Old Dixie Highway, Vero Beach, Florida; and WHEREAS, the County owns a parcel of land adjacent and in the middle of the Golden Eagle property that runs parallel to 20th Avenue; and WHEREAS, in order to mitigate the impact of the loss of property due to the future road expansion, the County has offered to exchange a southern portion of the County property. in exchange for the needed Golden Eagle property; and WHEREAS, the County and Golden Eagle hereby agree to an exchange of portions of their respective properties; and WHEREAS, each party is indivisibly seized of their respective parcel of property and shall convey marketable title to their respective parcel by County or Warranty deed free of claims, liens, easements, and encumbrances, but subject to property taxes for the year of closing; and WHEREAS, this Exchange Agreement is subject to final approval by the Indian River County Board of County Commissioners (BCC) through the adoption of a Resolution. Such an exchange is allowed under Section 125.37, Florida Statutes. Notice is required to be published once a week for two weeks before consideration by the BCC. NOW THEREFORE, in consideration of the mutual terms, conditions, promises and covenants hereinafter, Golden Eagle and the County agree as follows: 1. The above recitals are true and correct and incorporated by reference into this agreement. 2. The County hereby agrees to convey by County Deed to Golden Eagle the South 15.27 feet of Lot 52 of Espy's Subdivision recorded in Plat Book 2 Page 36, Public Records of Indian River County, said parcel of property depicted on the sketch and legal description attached and incorporated by reference to this Agreement as Exhibit A. FAAttomey\Susan\Public Works\Property Swap\golden Eagle 216 3. Golden Eagle hereby agree to convey to the County by Warranty Deed the North 30 feet of Lot 52, and the South 15.28 feet of Lot 51, of Espy's Subdivision, Plat Book 2, Page 36, Public Records of Indian River County, said parcels of property depicted on the sketch and legal descriptions attached and incorporated by reference to this Agreement as Exhibits B and C. 4. Each party shall convey marketable title to their respective parcels by County or warranty deed free of claims, liens, easements, encumbrances and property taxes prorated for the year of closing. 5. If Golden Eagle is required to obtain a partial release of mortgage on the property they convey to the County, the County will agree that the partial release may be held in escrow until the closing of this exchange. 6. Golden Eagle shall remove any of their personal property from the property conveyed to the County prior to the date of Closing. 7. Each Party shall be responsible for preparation of its own Closing documents and each party shall hold any deed in escrow until the Closing Date. 8. The County shall pay the following expenses at Closing: The cost of recording the warranty deed from Golden Eagle and the cost to record the County Deed to Golden Eagle. 9. Golden Eagle shall pay the following expenses at or prior to Closing: a. Any and all taxes prorated to the Closing date. b. All costs necessary to cure title defect(s) or encumbrances, other than the permitted exceptions, and c. All costs to satisfy or release of record all existing mortgages, liens or encumbrances upon the Property conveyed to the County. 10. In the event a dispute arises over this agreement, Golden Eagle and the County shall each pay their own attorneys' fees and costs. 11. This Agreement with its attachments constitutes the entire agreement between the parties with respect to this transaction and supersedes all prior agreements, written or oral. IN WITNESS WHEREOF, the undersigned have executed this Exchange as of the date first set forth above. INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS F:Wttorney\Susan\Public WorksTroperty Swap\golden Eagle 217 Susan Adams, Chairman Date Signed: ATTEST: Ryan L. Butler CLERK TO THE BOARD AND COMPTROLLER By: Deputy Clerk APPROVED: By: John Titkanich, Jr. County Administrator APPROVED AS TO FORM AND LEGAL SUFFICIENCY: By: Susan J. Prado Deputy County Attorney F:Wttorney\SusanTublic WorksTroperry Swap\golden Eagle 218 IN WITNESS WHEREOF, the undersigned have executed this Exchange as of the date first set forth above. Golden Eagle Upholstery Services, Corp. Edgar Montes, President Witness: J Sign: Print namC h-1612- Date j Date Signe F L Witness: Sign: Print name: c9 v +&S STATE OF FLORIDA COUNTY OF INDIAN RIVER The foregoing ins ent was knowledged before me by means of L. --Th person or _ online notarization this, 'day of , 202, by Edgar Montes, President of Golden Eagle Upholstery Services, Corp on behalf of said entity, and who is personally known to me or ��roduced as identification. NOTARY PUBLIC 0 A� INESA.DIAZ prin e: �y �"� 20 ,...,�l�o i-� (i I(j Lf0 1 SEAL: * Commission#HH 096407 Commission No.: N9 `�= E�lres March 18, ZOzs Commission Expiration: {7�� �-%� SOFI BoWed7ln BUddg6tN*rySw1w ) 1 J I(/ l+'>'S— FAAttorney\Susan\Public Works\Properly Swap\golden Eagle 219 RESOLUTION NO. 2024- A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, APPROVING AN EXCHANGE OF PROPERTY WITH GOLDEN EAGLE UPHOLSTERY SERVICES CORPORATION. WHEREAS, Golden Eagle Upholstery Services Corporation owns property located at 3900 Old Dixie Highway, Vero Beach, Florida 32960; and WHEREAS, Indian River County holds certain property not needed for County purposes, and such property may, to the best interest of the County, be exchanged for other real property which the County may desire to acquire for County purposes; and WHEREAS, pursuant to Florida Statute 125.37, a notice setting forth the terms and conditions of the exchange has been published once a week for two weeks in a newspaper of general circulation published in the county; and WHEREAS, Golden Eagle Upholstery Services Corporation owns the above listed property where 391h street is located and traverses through the boundaries of said property; and WHEREAS, Indian River County and Golden Eagle Upholstery Services Corporation are proposing an exchange of real property within Indian River County, with the terms and conditions of the exchange as follows: 1. The County shall deed the South 15.27 feet of Lot 52 of Espy's Subdivision recorded in Plat Book 2 Page 36, Public Records of Indian River County to Golden Eagle Upholstery Services Corporation. 2. Simultaneously, Golden Eagle Upholstery Services Corporation shall deed to Indian River County the North 30 feet of Lot 52, and the South 15.28 feet of Lot 51, of Espy's Subdivision, Plat Book 2, Page 36, Public Records of Indian River County. 1 220 RESOLUTION NO. 2024- 4. Golden Eagle Upholstery Services Corporation shall escrow with Indian River County Tax Collector, any real estate taxes which may be due, pro rated as of the date of closing. 5. Each party will shall bear its own costs including documentary stamps and recording fees, if any. Each party will be responsible to provide its own title insurance at its own expense as to the property it acquires. Each party shall bear its own attorney's fees. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that the exchange of real property pursuant to the terms and conditions set out above are hereby approved and the Chairman or Vice Chairman is authorized to execute this resolution and any and all instruments necessary to effectuate the exchange. The 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: Susan Adams, Chairman Joseph E. Flescher, Vice Chairman Joseph H. Earman Deryl Loar Laura Moss The Chairman thereupon declared the resolution duly passed and adopted this day of June, 2024. BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA By Susan Adams, Chairman BCC approved: iK 221 RESOLUTION NO. 2024 - ATTEST: Ryan L. Butler, Clerk of Circuit Court and Comptroller By: Deputy Clerk Approved as to form and legal sufficiency: By: Susan J. Prado Deputy County Attorney 1K 222 Sketch and Legal Description for: INDIAN RIVER COUNTY Legal Description (Right of Way Acquisition) A PARCEL OF LAND BEING A PORTION OF LOT 52, ACCORDING TO THE PLAT OF EPSY'S SUBDIVISION, AS RECORDED IN PLAT BOOK 2, PAGE 36, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA, SAID PARCEL NOW LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA, SAID PARCEL ALSO BEING A PORTION OF THOSE LANDS AS DESCRIBED IN OFFICIAL RECORD BOOK 223, PAGE 599, OF THE PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA, SAID PARCEL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEING THE SOUTH 15.27 FEET OF SAID LOT 52. LESS AND EXCEPT THEREFROM: THE RIGHT OF WAY FOR OLD DIXIE HIGHWAY (BEING A 66 FOOT WIDE RIGHT OF WAY) AS RECORDED IN PLAT BOOK 24, PAGE 84, OF THE PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA. CONTAINING 1,076 SQ.FT.± Surveyor's Notes 1). THIS SKETCH AND LEGAL DESCRIPTION WAS PREPARED WITH THE BENEFIT OF A RIGHT OF WAY ACQUISITION EXHIBIT PREPARED BY THE INDIAN RIVER COUNTY PUBLIC WORKS DEPARTMENT, SURVEY SECTION, PROJECT No. 1359, DATED APRIL 30, 2019. 2). THIS LEGAL DESCRIPTION SHALL NOT BE VALID UNLESS: (A) PROVIDED IN ITS ENTIRETY CONSISTING OF 2 SHEETS, WITH SHEET 2 SHOWING THE SKETCH OF DESCRIPTION. (B) REPRODUCTIONS OF THE DESCRIPTION AND SKETCH ARE SIGNED AND SEALED WITH AN EMBOSSED SURVEYOR'S SEAL. INDIAN RIVER COUNTY, FL PUBLIC WORKS DEPT. ENGINEERING DIV. DATE: DRAWN BY: 10/05/2023 R. INGLETT SCALE: APPROVED BY: OF 2 D. SCHRYVER 1359 Sketch and Legal Description for: INDIAN RIVER COUNTY (Lot 52 Epsy's Subdivision) Certification (NOT VALID WITHOUT THE SIGNATURE AND ORIGINAL RAISED SEAL OF A FLORIDA LICENSED SURVEYOR AND MAPPER) Legend and Abbreviations CS = CHORD BEARING I HEREBY CERTIFY THAT THE SKETCH AND LEGAL DESCRIPTION OF THE PROPERTY CH = CHORD DISTANCE SHOWN AND DESCRIBED HEREON WAS COMPLETED UNDER MY DIRECTION AND SAID D = DELTA ANGLE SKETCH AND LEGAL IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND I.R.F.W.C.D. = INDIAN RIVER FARMS BELIEF. WATER CONTROL DISTRICT L = LENGTH OF ARC I FURTHER CERTIFY THAT THIS SKETCH AND DESCRIPTION MEETS THE STANDARDS OF O.R.B = OFFICIAL RECORD BOOK PRACTICE FOR SURVEYS SET FORTH BY THE FLORIDA BOARD OF PROFESSIONAL P.B. = PLAT BOOK SURVEYORS AND MAPPERS IN CHAPTER 5J-17.052 FLMA AD INIST TIVE CODE, P.B.S.= PLAT BOOK ST. LUCIE PURSUANTTOSECTION 472.027 FLORIDA STATE ST UT PG. = PAGE LO 40 ' L3 R = RADIUS DATE OF SIGNATURE UMD W. SCHIkYVEfJP.S.M. PROFESSIONAL SURV AND MAPPER This is not a Boundary Survey FLORIDA CERTIFICATE NO. 4864 INDIAN RIVER COUNTY, FL PUBLIC WORKS DEPT. ENGINEERING DIV. DATE: DRAWN BY: 10/05/2023 R. INGLETT SCALE: APPROVED BY: OF 2 D. SCHRYVER 1359 Sketch and Legal Description for: INDIAN RIVER COUNTY (Lot 52 Epsy's Subdivision) Sketch and Legal Description for: INDIAN RIVER COUNTY N Not to Scale This is not a LOT 50 Espis Subdivision (P.B.S. 2, PAGE 36) NORTH LINE LOT 5 LOT 51 NORTH LINE LOT 5 SOUTH 20' OF LOT 52 (O.R.B. 223, PG. 599) INDIAN RIVER COUNTY, FL PUBLIC WORKS DEPT./ENGINEERING DIV. DATE: DRAWN BY: 10/05/2023 R. INGLETT SCALE: APPROVED BY: N/A D. SCHRYVER SHEET: JOB NO: 2 OF 2 IRC -1359 p ro- 1 3 D (D c cD 0 0 r D u 15' JE LOT 51 39th Street 0 o ru 4.73'- v Sketch and Legal Description for: INDIAN RIVER COUNTY (Lot 52 Epsy's Subdivision) Sketch and Legal Description for: INDIAN RIVER COUNTY Legal Description (Right of Way Acquisition) A PARCEL BEING A PORTION OF LOT 52, ACCORDING TO THE PLAT OF EPSY'S SUBDIVISION, AS RECORDED IN PLAT BOOK 2, PAGE 36, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA, SAID PARCEL NOW LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA, SAID PARCEL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: THE NORTH 30.00 FEET OF SAID LOT 52. LESS AND EXCEPT THEREFROM: RIGHT OF WAY FOR OLD DIXIE HIGHWAY (BEING A 66 FOOT WIDE RIGHT OF WAY) AS SHOWN ON PLAT BOOK 24, PAGE 84, OF THE PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA. CONTAINING 2,452 SQ.FT.t Surveyor's Notes 1). THIS SKETCH AND LEGAL DESCRIPTION WAS PREPARED WITH THE BENEFIT OF A RIGHT OF WAY ACQUISITION EXHIBIT PREPARED BY THE INDIAN RIVER COUNTY PUBLIC WORKS DEPARTMENT, SURVEY SECTION, PROJECT No. 1359, DATED APRIL 30, 2019. 2). THIS LEGAL DESCRIPTION SHALL NOT BE VALID UNLESS: (A) PROVIDED IN ITS ENTIRETY CONSISTING OF 2 SHEETS, WITH SHEET 2 SHOWING THE SKETCH OF DESCRIPTION. (B) REPRODUCTIONS OF THE DESCRIPTION AND SKETCH ARE SIGNED AND SEALED WITH AN EMBOSSED SURVEYOR'S SEAL. AGENCY: INDIAN RIVER COUNTY, FL PUBLIC WORKS DEPT./ENGINEERING DIV. 10/05/2023 SCALE: N/A SHEET: 1 OF 2 APPROVED BY: •: • R. INGLETT D. SCHRYVER Sketch and Legal Description for: INDIAN RIVER COUNTY (Lot 52 Epsy's Subdivision) Certification (NOT VALID WITHOUT THE SIGNATURE AND ORIGINAL RAISED SEAL OF A FLORIDA LICENSED SURVEYOR AND MAPPER) Legend and Abbreviations CB = CHORD BEARING I HEREBY CERTIFY THAT THE SKETCH AND LEGAL DESCRIPTION OF THE PROPERTY CH = CHORD DISTANCE SHOWN AND DESCRIBED HEREON WAS COMPLETED UNDER MY DIRECTION AND SAID D = DELTA ANGLE SKETCH AND LEGAL IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND I.R.F.W.C.D. = INDIAN RIVER FARMS BELIEF. WATER CONTROL DISTRICT L = LENGTH OF ARC I FURTHER CERTIFY THAT THIS SKETCH AND DESCRIPTION MEETS THE STANDARDS OF O.R.B = OFFICIAL RECORD BOOK PRACTICE FOR SURVEYS SET FORTH BY THE FLORIDA BOARD OF PROFESSIONAL P.B. =PLAT BOOK SURVEYORS AND MAPPERS IN CHAPTER 5J-17.052 FLO ADMINIST. TIVE CODE, P.B.S.= PLAT BOOK ST. LUCIE PURSUANT TO SECTION 472.027 FLORIDA STATE STA E PG. = PAGE R = RADIUS DATE OF SIGNATURE DAVID W. SCHR � R.S.M. PROFESSIONALSURVEYO AND MAPPER This is not a Boundary Survev FLORIDA CERTIFICATE NO. 4864 AGENCY: INDIAN RIVER COUNTY, FL PUBLIC WORKS DEPT./ENGINEERING DIV. 10/05/2023 SCALE: N/A SHEET: 1 OF 2 APPROVED BY: •: • R. INGLETT D. SCHRYVER Sketch and Legal Description for: INDIAN RIVER COUNTY (Lot 52 Epsy's Subdivision) Sketch and Legal Description for: INDIAN RIVER COUNTY N Not to Scale This is not a Boundary Surve LOT 50 Espis Subdivision (P.B.S. 2, PAGE 36) LOT 51 LESS SOUTH 20' OF LOT 52 O.R.B. 223, PG. 59 AGENCY: INDIAN RIVER COUNTY, FL PUBLIC WORKS DEPT. ENGINEERING DIV. DATE: DRAWN BY: 10/05/2023 R. INGLETT SCALE: APPROVED BY: N/A D. SCHRYVER SHEET: JOB NO: 2 OF 2 IRC -1359 NORTH LINE LOT 51 39th Sketch and Legal Description for: INDIAN RIVER COUNTY (Lot 52 Epsy's Subdivision) O 7' D Q c m U1 0 0 0 r D 15' 39th Sketch and Legal Description for: INDIAN RIVER COUNTY (Lot 52 Epsy's Subdivision) Sketch and Legal Description for: INDIAN RIVER COUNTY Legal Description (Right of Way Acquisition) A PARCEL OF LAND BEING A PORTION OF LOT 51, ACCORDING TO THE PLAT OF EPSY'S SUBDIVISION, AS RECORDED IN PLAT BOOK 2, PAGE 36, PUBLIC RECORDS OF ST. LUCIE COUNTY, FLORIDA, SAID PARCEL NOW LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA, SAID PARCEL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: THE SOUTH 15.28 FEET OF SAID LOT 51. LESS AND EXCEPT THEREFROM: THE RIGHT OF WAY FOR OLD DIXIE HIGHWAY (BEING A 66 FOOT WIDE RIGHT OF WAY) AS SHOWN ON PLAT BOOK 24, PAGE 84, PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA. CONTAINING 1,391 SQ.FT.± Surveyor's Notes 1). THIS SKETCH AND LEGAL DESCRIPTION WAS PREPARED WITH THE BENEFIT OF A RIGHT OF WAY ACQUISITION EXHIBIT PREPARED BY THE INDIAN RIVER COUNTY PUBLIC WORKS DEPARTMENT, SURVEY SECTION, PROJECT No. 1359, DATED APRIL 30, 2019. 2). THIS LEGAL DESCRIPTION SHALL NOT BE VALID UNLESS: (A) PROVIDED IN ITS ENTIRETY CONSISTING OF 2 SHEETS, WITH SHEET 2 SHOWING THE SKETCH OF DESCRIPTION. (B) REPRODUCTIONS OF THE DESCRIPTION AND SKETCH ARE SIGNED AND SEALED WITH AN EMBOSSED SURVEYOR'S SEAL. Certification (NOT VALID WITHOUT THE SIGNATURE AND ORIGINAL RAISED SEAL OF A FLORIDA LICENSED SURVEYOR AND MAPPER) Legend and Abbreviations CB = CHORD BEARING I HEREBY CERTIFY THAT THE SKETCH AND LEGAL DESCRIPTION OF THE PROPERTY CH =CHORD DISTANCE SHOWN AND DESCRIBED HEREON WAS COMPLETED UNDER MY DIRECTION AND SAID D = DELTA ANGLE SKETCH AND LEGAL IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND I.R.F.W.C.D. = INDIAN RIVER FARMS BELIEF. WATER CONTROL DISTRICT L = LENGTH OF ARC I FURTHER CERTIFY THAT THIS SKETCH AND DESCRIPTION MEETS THE STANDARDS OF O.R.B = OFFICIAL RECORD BOOK PRACTICE FOR SURVEYS SET FORTH BY THE FLORIDAARD OF PROFESSIONAL P.B. =PLAT BOOK ODE, SURVEYORS AND MAPPERS IN CHAPTER 5J-17.052 FLOamx� P.B.S.= PLAT BOOK ST. LUCIE PURSUANT TO SECTION 472.027 FLORIDA STATE ST T to - (o - Z3 - PG. =PAGE R = RADIUS DATE OF SIGNATURE LTAVID W. SCHR E P.S.M. PROFESSIONAL SURVEY07 AND MAPPER This is not a Boundary Survey FLORIDA CERTIFICATE NO..4864 AGENCY: DWORKSIAN 'DEPLANG FL Sketch and Legal Description PUBLIC N ERRING DIV. for: DATE: DRAWN BY: 10/05/2023 R. INGLETT INDIAN RIVER COUNTY SCALE: APPROVED BY: N/A D. SCHRYVER (Lot 51 Epsy's Subdivision) SHEET: OB NO: 1 OF 2 IRC -1359 Sketch and Legal Description for: INDIAN RIVER COUNTY N Not to Scale This is not a Boundary Surve LOT 50 Espis Subdivision (P.B.S. 2, PAGE 36) SOUTH 20' OF LOT 52 (O.R.B. 223, PG. 599) AGENCY: INDIAN RIVER COUNTY, FL PUBLIC WORKS DEPT. ENGINEERING DIV. DATE: DRAWN BY: 10/05/2023 R. INGLETT SCALE: APPROVED BY: N/A D. SCHRYVER SHEET: JOB NO: 2 OF 2 IRC -1359 NORTH LINE LOT 51 Sketch and Legal Description for: INDIAN RIVER COUNTY (Lot 51 Epsy's Subdivision) �4� i �� i ice' i INDIAN RIVER COUNTY, FLORIDA BOARD MEMORANDUM TO: Board of County Commissioners THROUGH: John A. Titkanich, Jr., County Administrator FROM: Eric Charest, Interim Natural Resources Director NO SUBJECT: Amendment No. 1 to AtkinsRealis Workorder No. 7 for conceptual design of a Stormwater Storage/Treatment Facility DATE: May 14, 2024 DESCRIPTION AND CONDITIONS On April 17, 2018, the Board of County Commissioners (BCC) approved the Continuing Contract Agreement for Continuing Engineering Services with ATKINS North America, Inc. (ATKINSREALIS) for professional water resource engineering support services. The original contract was for three (3) years with an option for one (1) two-year extension at the County's discretion. This contract was renewed for the additional two (2) year period beginning on April 17, 2021. During the contract extension, Workorder (WO) No. 7 was executed on August 16, 2022 to provide a conceptual design proposal for converting an agricultural parcel into a stormwater storage/treatment facility to remove nitrogen and phosphorus from the Indian River Farms Water Control District (IRFWCD) drainage canals, increasing the County's ability in meeting Total Maximum Daily Load (TMDL) reductions for nutrients discharged into the Indian River Lagoon. WO No. 7 identified a phased approach with tasks structured to generate a conceptual design of a stormwater park. Throughout the effort, ATKINSREALIS submitted progress reports to the County and involved County staff in routine project meetings. As more information was incorporated into the project, it became evident that the concept of building the stormwater storage/treatment pond on the identified nrooerty would not vield the taraeted TMDL benefits necessary to iustify the significant costs to construct such a project (estimated $16.5 million dollar construction costs for 163 hounds of Nitrogen and 37 pounds of Phosphorus removal). As such, after completing approximately 75% of the work associated with WO No. 7, County staff requested ATKINSREALIS to halt any additional effort and submit a complete feasibility report based on the information obtained to date. County staff continued discussions with ATKINSREALIS on other possible scenarios to increase the County's TMDL recognized reductions, with ATKINSREALIS proposing the issuance of Amendment No. 1 to WO No. 7. Amendment No. 1 is proposed to redirect the remaining funds available on WO No. 7 for use in covering costs associated with ATKINSREALIS exploring other water quality improvement projects within the County, which would include discussing potential partnerships between the County and the Florida Department of Transportation (FDOT) designed to yield TMDL benefits. Amendment No. 1 to WO No. 7 would decrease the fees identified in Tasks 1 through 13 by 229 Page 2 Amendment No. 1 to ATKINS WO No. 7 Conceptual Stormwater Treatment/Storage Pond June 4, 2024 BCC Agenda Item $10,484.50, reflecting that 74.11% of the original scope was completed. This amendment would then add a Task 14 for the proposed coordination activities to the scope of work in the amount of $10,484.50, effectively enacting a no -cost reallocation of funding for use on Task 14. County staff is seeking BCC approval for Amendment No. 1 to ATKINSREALIS WO No. 7, reflecting a no cost reallocation of remaining funds to explore other options at TMDL reducing projects and potential partnerships. FUNDING No additional funding beyond what had previously been approved for this Workorder is needed. RECOMMENDATION The recommendation of staff is for the BCC to approve Amendment No. 1 to WO No. 7 under the Continuing Contract Agreement for Continuing Engineering Services with ATKINSREALIS, and authorize the Chairman to sign the Amendment on behalf of the County. Amendment No. 1 represents a no cost reallocation of remaining funds on the Workorder for use in exploring potential partnerships on TMDL reducing projects. ATTACHMENTS 1. ATKINS WO No. 7 2. Amendment No. 1 to WO No. 7 3. WO No.7, Amendment No. 1 Execution Form APPROVED AGENDA ITEM FOR: June 4, 2024 230 CCNA2018 WORK ORDER 7 Conceptual design of a Stormwater Pond This Work Order Number 7 is entered into as of this 16 day of August , 2022, pursuant to that certain Continuing Consulting Engineering Services Agreement for Professional Services entered into as of this 17' day of April, 2018 for a three-year term, and renewed on May 18, 2021 for an additional two-year term (collectively referred to as the "Agreement"), by and between INDIAN RIVER COUNTY, a political subdivision of the State of Florida ("COUNTY") and Atkins, North America, Inc. ("Consultant"). The COUNTY has selected the Consultant to perform the professional services set forth on Exhibit A (Scope of Work), attached to this Work Order and made part hereof by this reference. The professional services will be performed by the Consultant for the fee schedule set forth in Exhibit A (Fee Schedule), attached to this Work Order and made a part hereof by this reference all in accordance with the terms and provisions set forth in the Agreement. Pursuant to paragraph 1.4 of the Agreement, nothing contained in any Work Order shall conflict with the terms of the Agreement and the terms of the Agreement shall be deemed to be incorporated in each individual Work Order as if fully set forth herein. IN WITNESS WHEREOF, the parties hereto have executed this Work Order as of the date first written above. CONSULTANT: Atkins North Aerica, Inc. By: Print Name: Ma Taylor Title: Vice President BOARD OF COUNTY COMh OF INDIAN RIVER COUNTY Pallor D, O'OMn, ChairmanU ! - ; VFM Coin;;;::•' j BCC Approved Date: August 16, 2022 j f Attest: Jeffrey R. Smith, Clerk of Court and Comptroller c� Deputy Clerk Jason 4. Br wn, County Administrator Approved as to form and legal sufficiency: ylan T. Reingold, County Attorney 23.1 I A NS �x: w.«s�npc..pwJo+c Exhibit A Indian River County 8` Street Parcel Scope of Work August 3, 2022 Background Canals within the region are regulated by the Indian River Farms Water Control District (IRFWCD). The canal system of the IRFWCD was constructed to drain standing water and "reclaim" what was considered wastelands of Florida. The original constructors considered the canal installations a benefit to commerce and the environmental impact was not considered at that time. Impacts to the Indian River Lagoon (IRL) were primarily from agricultural practices until about 1950 when urbanization increased dramatically, as did the impact of urban development on the IRL. In the mid -1990's, it was determined that the IRFWCD canal system receives and transports nutrients, suspended solids, light -attenuating materials, and excessive freshwater flows that have reduced seagrass coverage and impacted the IRL ecosystem. Based on work by SJRWMD, the recent focus of water quality improvement in the IRL has been directed towards the reduction of "optical parameters" that restrict the light into the water column. Optical parameters of importance include suspended solids, turbidity, and color. Nutrients are considered to be secondary optical parameters because high nutrient levels lead to algal production which causes an increase in turbidity. Scope of Services Indian River County (County) is seeking to improve water quality discharges into the IRL by converting a 40 -acre historical agricultural parcel into a stormwater storage facility. The 811 Street Parcel is located at the southeast corner of 8th Street and 74th Avenue, west of the City of Vero Beach approximately 2,000 feet north of the Egret Marsh Stormwater Treatment Facility along the Lateral C Canal. The County maintains a current stormwater management plan and administers a robust water quality monitoring program throughout the County limits. Specific to this project, the County collects water quality samples in the Lateral C Canal adjacent to the 8th Street parcel. Current water quality sampling results show relatively low values of TN and TP in the canal. This may be due to the water quality improvements generated by the upstream Egret Marsh Stormwater Treatment Facility, which treats a portion of the Lateral C canal flows, or from reduced rainfall and runoff during the limited sampling period. or a combination of both. The design approach will be to extract water from the Lateral C Canal for storage in a proposed pond that will reduce nutrients through natural uptake or potentially filter media. The pond may also be used to decrease pulsed discharges of stormwater into the lagoon during periods of heavy rainfall through active management of water levels in the pond. Extraction of water from the Lateral C will be accomplished using a pump station. I RC_8th_StreetPa rcel_Scope_ATKI NS.docx 232 The project will be divided into two phases. Phase 1 will include data collection, preliminary analysis, and result in a conceptual design of the project. If feasible and acceptable to the County, Phase 2 will include the final design and permitting. A. PHASE 1 Proposed Scope of Work Task 1: Data Collection and Memorandum Field and Desktop Review ATKINS will perform a field and desktop site review to observe and document existing conditions at the 8th Street Parcel project location. This task will also include review of available existing GIS data, permits, stormwater models, Indian River Farms Water Control District (IRFWCD) documents, and stormwater management master plans within the project vicinity. Water Quality Sampling The County will provide ATKINS with water quality sampling data performed by the County and any IRFWCD data relevant to the project location. County will perform water quality sampling within the Lateral C Canal at the location of the 8th Street Parcel. Geotech will perform groundwater sampling from locations within the parcel (to determine background nutrients in the soil or groundwater). Nutrient sampling will be focused on traditional BMAP parameters, TN and TP. Historic Wetland and Habitat ATKINS will utilize historic photos to investigate historic wetland and habitat functions the project site and surrounding parcels exhibited prior to modern agricultural practices. This information will be included in a Technical Memorandum with the results from task 3. Digital Elevation Map (Terrain Topography) For Phase 1, ATKINS shall utilize recently published Digital Elevation Maps (DEM) derived from USGS LiDAR data collected circa 2018. Water elevations will be obtained from information provided by the IRFWMD. Should this information not be available, ATKINS will discuss what reasonable assumptions may be made, or provide an estimate for supplemental ground survey to the County. ATKINS will provide a summary of the data collection task in a Data Collection Technical Memorandum. Task 2: Geotechnical Services A geotechnical investigation will be conducted and include a report documenting soil qualities, characteristics, suitability for construction/foundations, and location of the encountered and seasonal high-water table. Groundwater water quality samples will also be obtained to determine background nutrients. Additional information provided in the attached geotechnical scope of services. 1 RC_Sth_StreetParce1_Scope_ATKI N S.docx 2 233 i ATKINS 1 Task 3: Ecological Services I ATKINS scientists will conduct a site assessment within the approx. 40 -acre project area to identify the presence or absence of wetlands and surface waters, and listed wildlife and their habitat. Wetlands and surface waters will not be formally delineated; however, the approximate limits of the wetlands and surface water areas will be confirmed during the onsite review. Formal delineation of wetlands will take place during Phase 2. Information from the data collection phase (task 1) and the field visit will be used to complete an Environmental Resources Summary Technical Memorandum. This report will summarize the natural resources found within the parcel and provide information on the historic function of the site. A location map depicting the environmental resources including their approximate limits and relevant photographs will be included. Task 4: Survey For Phase 1, ATKINS shall utilize recently published Digital Elevation Maps (DEM) derived from USGS LiDAR data collected circa 2018. See Task 1. Additional ground survey will be conducted in Phase 2, following discussions with the County. Task 5: Preliminary H&H and Water Quality Modeling As part of Phase 1, ATKINS will perform preliminary modeling of the proposed project. ATKINS will create a simple model to represent the improvements. The resulting stormwater model will be used for the conceptual design, and supply needed information for a pre -application meeting with the SJRWMD, following preparation of the 30% plans. This task also includes preliminary water quality analysis to determine the overall water quality improvements (TN and TP) from the proposed facility using BMP Trains or similar methodology. As part of Phase 2, final modeling will be conducted to provide necessary documentation to support a SJRWMD ERP permit submittal. Task 6: Drainage Design This task includes a conceptual (30%) design of the proposed stormwater storage and water quality facility, inflow and outfall, pump station flows for extracting water from Lateral C Canal, pond storage volume, and rough operation schedule using flashboards or manually operable weir. Task 7: Drainage Design Documentation Report Report documenting the hydrologic and hydraulic analysis of the project which includes supporting stormwater model and supplemental calculations. 1 RC_8th_StreetParce1_Scope_ATKI N S.docx 3 234 A The report shall include, but not be limited to, the following report section topics: • Executive Summary • Project Goal • Permitting Approach • Data Collection • Design Criteria • Stormwater Model Development • Model Results • Conclusions • Meeting Minutes • Supporting documents Task 8: Construction Plans Phase 1 of the project will include a 30% set of plans. Only select sheets below will be included in the set to convey the concept. The following sheets are anticipated to be included at a preliminary level: 1. Key Sheet, General Notes, Summaries of Quantities and Pay Items — Cover page detailing project locations, EOR, County PM, governing standards, specs, and index. General and pay item notes, summaries of pay items and quantities 2. Drainage Map — Plan view showing drainage basins, flow arrows showing drainage patterns, and proposed drainage structure labels. 3. Plan Sheet - Location and descriptions of existing conditions and proposed improvements in plan view. Includes typical section of the pond and conceptual locations for the pump station and outfall structure. 4. Drainage Details — Detail of pond outfall structure. Task 9: Cost Estimate ATKINS shall prepare a preliminary estimate of construction cost. Task 10: Pre -Application Meetings with SJRWMD, FDEP, and IRFWCD ATKINS shall schedule and attend separate pre -application meetings with the SJRWMD, FDEP and IRFWCD to present the project and receive feedback as to the permits required, and feasibility of obtaining water quality credits that can be banked and used by the County in other areas of the watershed. ATKINS will coordinate with County staff on dates and times of the meeting if their attendance is desired. Includes time for meeting preparation and meeting minute completion. I RC_8th_StreetPa rcel_Scope_ATKI N S. docx 4 235 A :.:- Task 11: Meetings 3 ATKINS shall attend meetings to monitor progress and gather input concerning project issues and design solutions. Five (5) progress meetings are included and shall be attended by the Project Manager and lead designer. The meetings will be held virtually. Task 12: Project Management This task includes project oversight and general administration. Task 13: Quality Control This task includes quality control and assurance review of the project deliverables. All documents will be reviewed and accepted by the project quality manager before submittal. B. PHASE 1 Submittals/Deliverables All submittals shall be made via PDF. 1. Task 1: Data Collection Technical Memorandum 2. Task 7: Drainage Design Documentation Report 3. Task 8: 30% Construction Plans and Cost Estimate 4. Task 9: 30% Cost Estimate 5. Meeting minutes C. PHASE 1 Schedule Work under this task order is expected to commence at NTP and is expected to be completed within approximately 4-6 months. A detailed schedule will be developed following NTP. D. Fees The estimated staff hours and fees required to perform the services described above are included as Exhibit B. Fees shall be based on a lump sum basis except for those items specifically indicated as not -to -exceed. E. Other County Requirements The County will Provide: • Access to the property • Any legal descriptions, boundary survey, or land survey associated with the property that the County has already completed IRC_8th_StreetParcel_Scope_ATKINS.docx 6 236 • Water quality data • Utility information Exclusions and Limitations • Any services not specifically outlined in this scope are excluded. • Survey is not included. • Permitting is not included. IRC_8th_StreetParcel Scope_AWNS.docx ATKINS 237 o. a gs Vim°: Sta��N 8 8 8 888'x`88888 8 8 8 a €80Lq g 3$ YI m 1f1 O G SH H O yFyF o .ft N IOD j N.M . �pNOlo IO p N N N n N a N V O M u P O O e „ p O�<j a f F a O OW im 6 m 2 ass'y SSSS'` ag8Ss V 8 LL � N E 46 s C W e Win c ^ N = Z N �40 O OOO �,Oti000 � O F L � f - i a oN dol S 88 H igS 88888 Cg 8 yj aN G W `p S � a Z � _ � o � O 8 O 888 f ✓'�t0000 t 8$888 888 ^ ei p g o` 8$ v a a V, 000� A c �I�io f44 C o 48In o o O { F a o N'8S$PS o c S L N °n u MD fo�pp QHQ �g n ry a0 A G w M u ry 2 N o = {] y Z S O. O f f f lD lD qq O O m ryo C ON po" a a 9� � a G a s o E Z � p z E 9 z to CO 9 w U F {py yyq�. : n1 a p p 11f111 Vv C G o +.x aAm o L Q G L y w aq o < u a a yLj c e c L t° w N Q 7 W SO UY aOdC a=:. vfl N RI f N 10 ft a.y Nin 4 01 O m co 00 O o. a IM Ardaman & Associates, Inc. EXHIBIT C Geotechnical. Environmental and =a% Materials Consultants April 5, 2022 Proposal File No. 2223-067 Revised June 10, 2022 Atkins 482 S. Keller Road Orlando, Florida 32810 Attention: Mr. Chris Thompson, PE Subject: Proposal for Subsurface Soil Exploration and Groundwater Sampling and Testing Proposed Stormwater Detention Pond 8th Street Vero Beach, Florida Dear Mr. Thompson: As requested, we are pleased to present this proposal for conducting a subsurface soil exploration and groundwater sampling and testing for the subject project. Based on our review of information provided by Mr. Thompson, the proposed construction consists of a stormwater detention pond that will encompass most of the site. Additionally, a pump station slab on grade will be constructed adjacent to the pond. Grading plans are not complete at this time, therefore, we have assumed that approximately 1 to 2 feet of fill is required to raise the pump station slab area to final elevation. Typical loading conditions for the slab on grade are assumed to be less than 150 pounds per square foot. The scope of our work will include determining if the soil characteristics are suitable to construct the proposed pump station slab. Additionally, we will explore the subsurface conditions and perform requested groundwater sampling and testing within the proposed pond area. The following summarizes our proposed scope of work and associated fees for conducting the subject exploration. FIELD EXPLORATION Since the site is heavily wooded, minor brush mowing may be performed to provide access to the boring locations. We could direct a site work contractor to mow minimal paths to our boring locations. Assistance from the client will be needed to help identify wetland areas and areas of threatened and/or endangered species habitat which should be avoided when performing these minor brush mowing operations. Also, this proposal assumes that permission from local Code Enforcement, SJRWMD or other pertinent agencies for the minor mowing, if necessary, has been obtained by the client. One day of brush mowing is included in this proposal. 1300 N. Cocoa Boulevard, Cocoa, FL 32922 Phone (321) 632-2503 FAX (321) 636-4657 LouisianaBaton Rouge, Monroe, New Orleans, Shreveport Florida: Bartow, Cocoa, Fort Myers Miami, Orlando, Port St. Lucie, Sarasota, Tallahassee, Tampa, West Palm Beach 239 8' Street Pond Proposal File No. 2223-067 The proposed field exploration program will include the following: Description Number of Depth Below Ground Borings Surface (feet) Pump Station Slab 1 SPT 15 Stormwater Pond 6 Auger 15 -2- The SPT boring will be drilled using truck -mounted drilling equipment and a procedure similar to the Standard Penetration Test outlined in ASTM D-1586. The boring will be sampled at 18 -inch intervals to 10 feet deep and at 5 -foot intervals below 10 feet. The auger borings will be drilled with a 4 -inch diameter, truck -mounted continuous flight auger. Each sample will be removed from the auger or sampler in the field and then examined and visually classified by our crew chief. Representative portions will be sealed and packaged for transportation to our laboratory for further analysis as required. Water level observations will be made in the boreholes during the drilling operation. Upon completion of drilling, the boreholes will be backfilled with soil cuttings. As requested, our field program will also include installing three temporary, 2 -inch diameter PVC groundwater sampling wells at semi -random, accessible locations within the proposed pond area. At least three well volumes of groundwater will be purged from each well and then groundwater samples will be collected for analysis of total nitrogen and total phosphorus. Upon completion of the groundwater sampling, the temporary wells will be removed from the ground and the boreholes will be backfilled with soil cuttings. LABORATORY PROGRAM Routine laboratory visual classification will be performed by a geotechnical engineer along with specific classification tests deemed necessary (i.e., percent fines, organic content). ENGINEERING ANALYSIS AND REPORT Engineering analysis of all data obtained will be made to evaluate general subsurface conditions and to develop engineering recommendations to guide site preparation in the proposed pump station slab on grade area. For our analysis, we will require specific loading conditions for the slab on grade. We will also provide a discussion of the subsurface conditions encountered within the proposed pond area and the results of the groundwater sampling and testing. Our recommendations for the pump station slab area, together with data developed during the exploration, will be submitted in a written report upon conclusion of the study. COST ESTIMATE The costs associated with the aforementioned tasks are as follows: Brush Mowing — 1 day (lump sum): $2,820.00 Subsurface Soil Exploration (lump sum) $5,900.00 Total Estimated Cost: $8,720.00 The total estimated cost presented above will not be exceeded without prior authorization from 240 8t' Street Pond -3- Proposal File No. 2223-067 the client. CLOSURE This proposal is subject to the following conditions: (1) access to boring locations is to be readily available to our truck -mounted drilling equipment, (2) the brush mowing can be completed in one day, (3) the proposed number of borings and the boring depths will be adequate, (4) undisturbed samples and consolidation tests on fine grained soils are not budgeted into the total cost, (5) Ardaman & Associates will not take responsibility for damages to underground structures and/or services that are not located by Sunshine One -Call; their locations are to be provided by the client or owner prior to commencement of the field work, and (6) exploration or evaluation of the environmental (ecological or hazardous/toxic material related) condition of the will site and subsurface is not included. We appreciate the opportunity to submit this proposal and look forward to working with you on this project. If this proposal meets with your approval, please indicate your acceptance by issuing a written work order. Please call if you have any questions or require additional information. Very truly yours, ARDAMAN & ASSOCIATES, INC. C Jason P. Manning, P. E. Branch Manager 241 Y NOT TO SCALE Fk „. Vefo Beach - Main Relief Canal Lateral C Canal 13tj) S t Project Sources: Esri, HERE, Garmin, 65GS, Intermap. INCREMENT P, NRCan, 7a Esri Japan, METI, Esri China (Hong Kong), Esri Korea, Esd (Thailand), NGCC, (c) OpenStreetMap contributors, and the GIS User Community Vicinity Map ATKI N S Meribv ul 11 e SNC-Lava1ir13rCUp Document Name: 8thStreetParcelExhibit I. ! j . t Conceptual Layout Indian River County - Natural Resources 8th Street Parcel. Stormwater Facility Project Exhibit 242 Exhibit A Indian River County 8th Street Parcel Scope Amendment #1 March 25, 2024 Background UAtkinsRealis Per original scope of work for the 8th Street Parcel project, dated August 3rd, 2022, AtkinsRealis was contracted by Indian River County to design a stormwater storage facility to improve water quality discharges into the Indian River Lagoon. The project consisted in converting a 40 -acre historical agricultural parcel into a stormwater storage facility. The 8th Street Parcel is located at the southeast corner of 8th Street and 74th Avenue, west of the City of Vero Beach approximately 2,000 feet north of the Egret Marsh Stormwater Treatment Facility along the Lateral C Canal. AtkinsRealis prepared a water quality stormwater facility conceptual design and submitted to Indian River County on May 2023. Unfortunately, while the proposed stormwater facility showed reductions in total nitrogen and total phosphorus, the construction costs were considerably high. On January 26th, 2024, the AtkinsRealis team met with the County. During that meeting the County decided that they would like to explore potential partnerships with FDOT that would assist in meeting their BMAP/TMDL goals. As such, it was requested that AtkinsRealis prepare a scope amendment that would reallocate the remaining funds from the original scope (Tasks 1 to 13) to a new Task 14. No additional funds are requested, this is a reallocation of remaining funds only with no change in total contract amount. A. Scope Amendment Tasks Task 14: FDOT Coordination AtkinsRealis will coordinate with FDOT on possible Basin Management Action Plan credits (BMAP) credit partnerships. This task will include team preparation for the meetings, meeting time, and coordination of meetings between FDOT and the County to explore water quality partnership opportunities. One area of discussion will be the CR -510 (Wabasso Beach Road) causeway, but others may be explored. Correspondence and follow-up meetings with FDOT and the County are also included. All meetings will be held virtually. This task may also include investigation and further analysis of water quality improvement within the County, depending on the results of the meetings with FDOT. The remaining budget allows for approximately 50 hours of services described above and includes project management and quality control of any deliverables. 243 CrAtkinsRealis B. Fees The remaining uninvoiced fee from the original scope will be reallocated to a new task 14 thru this scope amendment. There is no change in total contract amount. Fees shall be lump sum and invoiced monthly on a percent completion basis. C. Schedule Work under the new task is expected to be commence at NTP and completed by December 20, 2024. 244 Original Contract Amount Billed to date Balance Remaining Amendment 1 change Amendment 1 contract amounts Tasks 1-13 $65,760.00 $55,275.50 $10,484.50 ($10,484.50) $55,275.50 Task 14 $0 $0 $0 $10,484.50 $10,484.50 Total $65,760.00 $55,275.50 $10,484.50 $0 $65,760.00 C. Schedule Work under the new task is expected to be commence at NTP and completed by December 20, 2024. 244 AMENDMENT 1 TO WORK ORDER 7 Stn STREET PARCEL PROJECT This Amendment 1 to Work Order Number 7 is entered into as of this _ day of , 202_, pursuant to that certain Continuing Contract Agreement, dated April 17, 2018, renewed and amended as of May 18, 2021 (collectively referred to as the "Agreement"), by and between INDIAN RIVER COUNTY, a political subdivision of the State of Florida ("COUNTY") and _ATKINSREALIS ("Consultant"). 1. The COUNTY has selected the Consultant to perform the professional services set forth in existing Work Order Number 7 , Effective Date August 16, 2022 2. The COUNTY and the Consultant desire to amend this Work Order as set forth on Exhibit A (Scope of Work) attached to this Amendment and made part hereof by this reference. The professional services will be performed by the Consultant for the fee schedule set forth in Exhibit B (Fee Schedule), and within the timeframe more particularly set forth in Exhibit C (Time Schedule), all in accordance with the terms and provisions set forth in the Agreement. 3. From and after the Effective Date of this Amendment, the above -referenced Work Order is amended as set forth in this Amendment. Pursuant to paragraph 1.4 of the Agreement, nothing contained in any Work Order shall conflict with the terms of the Agreement and the terms of the Agreement shall be deemed to be incorporated in each individual Work Order as if fully set forth herein. IN WITNESS WHEREOF, the parties hereto have executed this Amendment 1 to Work Order 7 as of the date first written above. CONSULTANT: BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY By: Print Name: Title: By: Susan Adams, Chairman BCC Approved Date: Attest: Ryan L. Butler, Clerk of Court and Comptroller By: Deputy Clerk Approved: Approved as to form and legal sufficiency: John A. Titkanich, Jr., County Administrator William K. DeBraal, County Attorney 245 INDIAN RIVER COUNTY, FLORIDA BOARD MEMORANDUM TO: Board of County Commissioners THROUGH: John A. Titkanich, Jr., County Administrator THROUGH: Eric Charest, Interim Natural Resources Director SUBJECT: Authorization for Staff to pursue unexpended balances in the FDEP's Hurricane Restoration Reimbursement Grant Program DATE: May 15, 2024 DESCRIPTION AND CONDITIONS 'h 0 The Hurricane Restoration Reimbursement Grant Program (HRRGP) was instated following Hurricanes Ian and Nicole as a mechanism to financially assist private homeowners living in coastal impacted areas recover costs associated with certain qualifying coastal protection activities. The law was implemented following the December 2022 Special Session, with revised language added during the 2023 Florida Legislative Session. An additional revision to the law has been drawn up again and awaits the Governor's signature that would allow for unutilized funds within the program to be made available to local governments in areas most impacted by the storms for large scale sand placement events. Indian River County is listed as a County eligible for this program. Beginning July 1, 2024, identified local governments may apply for funds under HRRGP to for eligible costs associated with large scale sand placement projects constructed to protect upland infrastructure and provide benefits to property owners at large. Funding allotted under this program will be awarded on a first come, first served basis, and not require any cost -share matching from the applicant. A stipulation of the HRRGP requires that a project receiving funds under the program would need to be completed by July 2025. Indian River County has pursued and obtained a Florida Department of Environmental Protection (FDEP) Joint Coastal Permit (JCP) for a dune renourishment event within its' Beach Management Sector 4 (Sector 4), with the associated US Army Corps of Engineers permit having been received in draft form. As such, the County is on track to move forward with a scheduled Dune Renourishment Event within Sector 4 beginning in November 2024 and completing in April 2025. It is estimated that the Sector 4 Dune Renourishment event will place approximately 135,000 cubic yards of beach compatible sand into the dune system along nearly 2.9 miles of Atlantic coastline with a construction cost of approximately $6,400,000. To date, the County has secured funding from the FDEP and from the Florida Division of Emergency Management in the amount of $4,376,000, with the remaining balance to be made up from the Coastal Engineering Fund. 246 Page 2 HRRGP Application Authorization June 4, 2024 BCC Agenda Item As the funding available under the HRRGP is available on a first come, first served basis, with the program opening for applications on July 1, 2024, and with the County's planned Sector 4 Dune Renourishment event scheduled to take place within the timeframe requirements contained within the grant, Staff is seeking approval from the Board to prepare and submit a HRRGP Grant application for those costs associated with the Sector 4 project that currently would be borne solely by the County. FUNDING As funding sources have already been identified for the planned Sector 4 Dune Renourishment event, additional funding is not required to apply for this grant. RECOMMENDATION Pending Governor approval on the revised language contained within HRRGP making local governments eligible for unexpended funds, the recommendation of staff is for the Board of County Commissioners to authorize Staff to apply for HRRGP funding for Sector 4 as soon as the application window opens. APPROVED AGENDA ITEM FOR: June 4, 2024 247 0k CONSENT INDIAN RIVER COUNTY OFFICE OF MANAGEMENT AND BUDGET PURCHASING DIVISION DATE: May 24, 2024 TO: Board of County Commissioners THROUGH: John A. Titkanich, Jr., County Administrator Kristin Daniels, Director, Office of Management and Budget FROM: Jennifer Hyde, Purchasing Manager SUBJECT: Termination of Award of Bid 2024033 — Annual Right -of -Way Mowing BACKGROUND: On March 19, 2024, the Board awarded six vendors sections of right-of-way to be routinely mowed. Notice of award was made to all six firms, and purchase orders ordering the work issued. DISCUSSION: To date, Fuller's Lawn Care has failed to perform services in its awarded Section 4 (Vero Lake Estates, SR 6o Medians and SR 6o Right -of -Way), and Road and Bridge crews have been completing the work. In conversations with the Road and Bridge Superintendent, the owner indicated they are unable to perform the work as bid. Staff would like to terminate award of Section 4 to Fuller's, and award the work to the next lowest, responsive, responsible bidder for that section, Brightview Landscape Services. Brightview was also awarded Section 6 (South U.S. 1), for an annual cost of $32,364. The new award will result in an annual increase of $12,552 to the cost of the work. The total quantities and pricing for each of the sections, as proposed for award, are shown in the table below. Section 4 — Vero Fuller's Annual Brightview New Annual Cost for Lake Estates and unit price Quantity Bid unit Price Award FY 23/24 SR -6o Awarded A. All Vero Lake Estates Areas $687.50 24 $16,5oo $615 $14,76o $2,46o B. All SR -6o Median Areas $687.50 24 $16,500 $1,272 $30,528 $5,o88 C. All SR -6o Right- of WayAreas $1375 F 12 $16,500 $1,397 $16,764 $2794 Total Annual Bid for Section 4 (Sum of A, $49500 $62,052 $10,342 B, and C) 248 CONSENT FUNDING: Estimated expenditures for the four months of service for the remainder of FY23/24 are listed below. Account Number Account Description Amount 11121441-034676 Maintenance -66th Ave & VLE Mow & Landscape $2,460 11121441-034990 Other Contractual Services $7,882 RECOMMENDATION: Staff recommends the Board terminate the award of Section 4 of Bid 2024033 Fuller's Lawn Care, award Section 4 to Brightview Landscape Services for the remainder of the initial term, and authorize the Purchasing Manager to renew the award at the same rates for two (2) additional one (1) year periods subject to satisfactory performance, vendor acceptance, and the determination that renewal of this annual bid is in the best interest of Indian River County. 249 William K. DeBraal, County Attorney Susan J. Prado, Deputy County Attorney l Of CB Of Attorney's Matters 06/04/2024 INDIAN RIVER COUNTY MEMORANDUM TO: Indian River County Board of County Commissioners ATTORNEY THROUGH: John A. Titkanich, Jr., County Administrator FROM: William K. DeBraal, County Attorney DATE: May 22, 2024 SUBJECT: School District Request for Resolution Calling for Referendum on the General Election Ballot of November 5, 2024 BACKGROUND On August 18, 2020, the voters of Indian River County approved a referendum for an Essential Operating Needs Millage of 0.50 mills for fiscal years 2021/22, 2022/23, 2023/24 and 2024/25 for additional funding for public schools in the County. While this funding will not expire until the end of fiscal year 2025, please recall the recent statutory requirement that tax increases must appear on the ballot of a General Election. After the General Election on November 5, 2024, the next General Election in Florida will not occur until 2026, so in order to avoid a gap in funding, this matter is being brought forward at this time. On May 20, 2024, the School Board of Indian River County ("School Board") passed Resolution 2024-08, directing the Indian River County Board of County Commissioners (the "Board") to call an election, at which the electors within the School District may vote on the approval of an additional four years of ad valorem millage of 0.50 mills for essential operating needs for fiscal years 2025/26, 2026/27, 2027/28 and 2028/29. Resolution 2024-08 requested that the referendum be placed on the General Election ballot of November 5, 2024. In accordance with the School Board's Resolution, the County Attorney's Office has drafted the attached resolution instructing the Supervisor of Elections to place this matter on the upcoming General Election ballot. FUNDING. There is no funding associated with this item. RECOMMENDATION. The County Attorney's Office recommends that the Board approve the resolution and authorize the Chairman to execute the resolution on behalf of the Board. ATTACHMENTS. Proposed Indian River County Resolution School Board Resolution 2024-08 250 RESOLUTION NO. 2024- A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, TO CALL AN ELECTION FOR A REFERENDUM TO BE PLACED ON THE BALLOT OF THE GENERAL ELECTION TO BE HELD ON NOVEMBER 5, 2024. WHEREAS, on May 20, 2024, the School Board of Indian River County passed Resolution 2024-08, attached as Exhibit "A" and incorporated by reference to this Resolution, providing for the holding of a referendum election to determine if the electors of the School District of Indian River County authorize the School Board of Indian River County to annually levy 0.5 mill for four years; and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA THAT: 1. A referendum is hereby called pursuant to section 1011.73(2), Florida Statutes, on the question set forth in the attached Resolution 2024-08 of the School Board of Indian River County. 2. The Indian River County Supervisor of Elections is hereby directed to place such question on the ballot of the General Election on November 5, 2024; The resolution was moved to adoption by Commissioner and the motion was seconded by Commissioner and, upon being put to a vote, the vote was as follows: Chairman Susan Adams Vice Chairman Joseph E. Flescher Commissioner Joseph H. Earman Commissioner Deryl Loar Commissioner Laura Moss The Chairman thereupon declared the Resolution duly passed and adopted this 4th day of June, 2024. Attest: Ryan L. Butler, Clerk of Court and Comptroller as Deputy Clerk Approved as to form and legal sufficiency: William K. DeBraal County Attorney INDIAN RIVER COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS M Susan Adams, Chairman 251 SONG SDI C 0GE1 1Q. The School Board of Indian River County, Florida RESOLUTION NO: 2024-08 A RESOLUTION OF THE SCHOOL BOARD OF INDIAN RIVER COUNTY, FLORIDA, ORDERING AND PROVIDING FOR THE HOLDING OF A REFERENDUM ELECTION TO DETERMINE IF THE ELECTORS OF THE SCHOOL DISTRICT OF INDIAN RIVER COUNTY, FLORIDA, AUTHORIZE THE SCHOOL BOARD TO CONTINUE THE ANNUAL LEVY OF THE 0.50 MILL FOR FOUR (4) YEARS FOR ESSENTIAL OPERATING NEEDS; PROVIDING FOR NOTICE OF THE REFERENDUM ELECTION; PROVIDING FOR PLACES OF VOTING, INSPECTORS, AND CLERKS; PROVIDING FOR AN OFFICIAL BALLOT; PROVIDING FOR ABSENTEE VOTING; PROVIDING FOR EARLY VOTING; PROVIDING FOR PRINTING OF BALLOTS; PROVIDING FOR THE REFERENDUM ELECTION PROCEDURE; PROVIDING FOR SEVERABILITY; PROVIDING A REPEALING CLAUSE; AND PROVIDING AN EFFECTIVE DATE BE IT RESOLVED by The School Board of Indian River County, Florida ("School Board"), acting as the governing body of the School District of Indian River County, Florida ("School District"), as follows: SECTION 1. AUTHORITY FOR RESOLUTION. This Resolution is adopted pursuant to Section 1011.73(2), Florida Statutes, and other applicable provisions of law. SECTION 2. FINDINGS. The School Board hereby finds and determines as follows: A. The State of Florida has increased educational funding along with increased restrictions on how funding is to be used since the 2007-2008 fiscal year. B. All School Boards in the State of Florida, including this School Board, have experienced funding restrictions while operating expenses continue to rise. C. This legislative session the Legislature passed HB 5001 which continues the policy established in 2023 of rolling over categorical funds into the Base Florida Education Finance Program (FEFP). This year the roll over amount is $1.6 billion statewide. For example, Pagel of 6 252 there continues to be no categorical funding for instructional materials or the required reading program, but districts must continue to meet statutory requirements to provide state approved instructional materials and to deliver the state required reading program. Funds to provide salary increases to instructional personnel shall use 1.07 percent of its base FEFP funding amount provided in HB 5001, to either increase the minimum base salary reported to at least $47,500 or provide salary increases to other full-time instructional personnel as defined in section I012.01(2), Florida Statutes. The estimated cost for the School District is $3.8M. D. The expansion of the Florida Family Empowerment Scholarship, available to all K-12 students, has tripled in Full Time Equivalent (FTE) student scholarships since FY2022. This is an increase of 1,118.50 FTE above the 553.50 ending FY2021/22. For FY2023/2024, $7,837,448 was set aside for these scholarships. Preliminary projection for Family Empowerment Scholarships for FY2024/2025 is 1,672 FTE or $10,935,618 in School ,District funding that must be set aside. E. The School District has experienced operating budget shortfalls impacting the instructional requirements of our students, compromising the safety, security, and wellness of our students; and hampering the ability to recruit, retain, and incentivize high-quality teachers and staff to create the highest skilled workforce on the Treasure Coast. F. The School District's educational funding per House Bill 5001 for the 2024-2025 fiscal is not sufficient to cover the additional financial requirements such as increases in teacher salaries, the Florida Retirement System (FRS), Family Empowerment Scholarships, health insurance, and property casualty insurances. In addition, the American Rescue Plan funding will end creating additional financial impacts. G. The School District's funding for student transportation from the FEFP formula for the last four years has been approximately $3.5M compared to actual expenditures of approximately $5.4M, or a deficit of $1.9M. J. In August 2020, the electorate of Indian River County approved via ballot referendum an Essential Operating Needs Millage of 0.50 mills for fiscal years 2021/2022, 2022/2023, 2023/2024, and 2024/2025. This voter approved millage referendum is estimated to generate an average of approximately $13 million per fiscal year for the School District of Indian River County. However, the authority granted for the voter approved millage expires at the end of fiscal 202412025. K. The School District needs sufficient revenues to maintain and improve its high- quality public schools. L. Section 1011.73(2), Florida Statutes, provides electoral authorization of ad valorem millage for four (4) years for operating purposes pursuant to a voter referendum. M. Section 1011.71(9), Florida Statutes, authorizes a School District to levy, by local referendum, the continuation of additional millage for school operational purposes up to an amount that, when combined with the non -voted millage levy, does not exceed the 10 -mill limit established under the Florida Constitution. This section also requires funds levied to be shared Page 2 of 6 253 with charter schools based on each charter school's proportionate share of the district's total unweighted full-time equivalent student enrollment and used in a manner consistent with the purposes of the levy. N. The School Board has determined it is in the best interest of the students in Indian River County to submit to the voters the question of continuing the ad valorem millage of a 0.50 mill for four (4) years for to provide high-quality educational opportunities for all students by expanding supports for school safety, security, and student wellness; recruiting, retaining, and developing high-quality educators; and sustaining technology supports. SECTION 3. ESSENTIAL OPERATING MILLAGE. Subject to approval by the electors of the School District at a referendum held as provided in Section 1011.73(2), Florida Statutes, a 0.50 mill shall continue to be levied within Indian River County for essential operating needs of the School District, as defined in the preceding Section, for the 2025/2026, 2026/2027, 2027/2028 and 2028/2029 fiscal years, in an effort to preserve essential operations of the School District. SECTION 4. REFERENDUM ELECTION ORDERED. The Board of County Commissioners of Indian River County, Florida is hereby directed to call an election in conjunction with the general election of November 5, 2024, at which the electors within the School District may vote on the continuation of an ad valorem millage of 0.50 mill for four (4) years as authorized in §1011.73(2), Florida Statutes. SECTION 5. NOTICE OF REFERENDUM ELECTION. In accordance with § 100.342, Florida Statutes, the Superintendent is hereby authorized and directed to place a notice of the referendum election in a newspaper of general circulation published in the School District. The publication shall be made at least 30 days prior to the referendum election and shall be made at least twice, once in the fifth week and once in the third week prior to the week in which the referendum is to be held. The notice of referendum shall be substantially in the form provided in the attached Exhibit A. This Resolution shall be published as a part of such notice. SECTION 6. PLACES OF VOTING; INSPECTORS AND CLERKS. The polls will be open at the voting places on the date of the referendum election. All qualified electors residing within the School District shall be entitled and permitted to vote at the referendum election on the proposition provided in this Resolution. The places, manner and procedures of voting and the inspectors and clerks of the referendum election shall be those designated by the Supervisor of Elections of Indian River County in accordance with taw. SECTION 7. OFFICIAL BALLOT. The ballots to be used in the referendum election shall be substantially in the following form: The School District of Indian River County, Florida Continue Essential Operating Needs Referendum Election Shall the School District continue to levy a 0.50 ad valorem millage for essential operating needs to provide high-quality educational opportunities for all students, by expanding school safety, security, and student wellness supports; recruiting, Page 3 of 6 254 retaining, and developing high-quality educators; sustaining technology supports beginning July 1, 2025, and ending four fiscal years later, which replaces the existing voter approved 0.50 ad valorem millage that expires June 30, 2025; with annual reporting to the citizenry? YES, FOR APPROVAL NO. FOR REJECTION SECTION 8. ABSENTEE VOTING. The Supervisor of Elections shall make adequate provision in accordance with law and procedures lawfully enacted by the Supervisor for voting by absentee voters. The form of ballots to be used in the referendum election by and for absentee voters shall be the same as used in the polling places for the referendum election. SECTION 9. EARLY VOTING. The Supervisor of Elections shall make provision in accordance with the established procedures of that office for participation by the voters in early voting. The form of ballots to be used in the referendum election for early voting shall be the same as used in the polling places for the election. SECTION 10. PRINTING OF BALLOTS. The Supervisor of Elections of Indian River County shall print on plain white paper a sufficient number of the ballots for use of absentee electors and early voters entitled to cast ballots in the referendum election; to have printed sample ballots and deliver the sample ballots to the inspectors and clerks on or before the date and time for opening of the polls for the referendum election; and to make appropriate arrangements for the conduct of the election at the polling places specified. SECTION 11. REFERENDUM ELECTION PROCEDURE. The Supervisor of Elections of Indian River County shall hold, administer, and conduct the referendum election in the manner prescribed by law for holding elections in the School District. Returns shall show the number of qualified electors who voted at the referendum election on the proposition and the number of votes cast respectively for and against approval of the proposition. The returns shall be canvassed in accordance with law. SECTION 12. SEVERABILITY. In the event that any word, phrase, clause, sentence, or paragraph of this Resolution shal I be held invalid by any court of competent jurisdiction, such holding shall not affect any other word, clause, phrase, sentence, or paragraph. SECTION 13. REPEALING CLAUSE. All Resolutions in conflict or inconsistent with this Resolution are repealed as far as there is conflict or inconsistency. SECTION 14. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption. ADOPTED at a duly noticed public meeting of The School Board of Indian River County, Florida,,the 20th day of May 2024, with a quorum present and voting. Page 4 of 6 255 THE SCHOOL BOARD OF INDIAN ;RIVERiiL� NTY, FLORIDA a nborg, ghair TTEST: David Moore, Ed.D., Superintendent APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Molly L. Aaddock, Esquire School Board Attorney EXHIBIT A NOTICE OF REFERENDUM ELECTION IN THE SCHOOL DISTRICT OF INDIAN RIVER COUNTY, FLORIDA, ON NOVEMBER 6, 2024 NOTICE IS HEREBY GIVEN THAT A REFERENDUM ELECTION will be held on November 6, 2024 in the School District of Indian River County, Florida, for the purpose of determining whether or not the electors in the School District approve to continue the levy of 0.50 mill for essential operating needs of the School District for 2025/2026, 2026/2027, 2027/2028 and 2028/2029 fiscal years; all as more specifically described and provided in a Resolution of the School Board of Indian River County, Florida, adopted May 20, 2024 and published below. The polls will be open at the voting places on the date of the referendum election and absentee voting and early voting will be available for the referendum election, all as provided in the Resolution published below. All qualified electors residing within the School District shall be entitled, qualified, and permitted to vote at the referendum election. [INSERT RESOLUTION ONCE ADOPTED] Page 6 of 6 257 104/ INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Indian River County Board of County Commissioners THROUGH: John A. Titkanich, Jr., County Administrator FROM: Patrick J. Murphy; Senior Planner, Current Development DATE: May 24, 2024 SUBJECT: Community Baptist Church, Inc.'s Request for Special Exception Use and Site Plan Approval for a K-12 Private School [SP -SE -23-03-10 / 96010103-959901 It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of June 4, 2024. DESCRIPTION & CONDITIONS ONE 16 Engineering & Consulting LLC, on behalf of Community Baptist Church, Inc., is requesting special exception use and site plan approval to convert an existing 4,000 square foot accessory building for the purpose of a K-12 private school. The 6.01 -acre site is located south of and adjacent to Roseland, specifically at 12534 Roseland Road (see attachment 2). The site is zoned RS -3, Single - Family Residential (up to 3 units/acre), a zoning district which requires special exception use approval for a school (educational center, including primary and secondary schools). Community Baptist Church currently exists upon the subject property and includes a 9,000 square foot church/assembly building with associated parking facilities, a pastor's residence, and several accessory buildings (i.e. storage sheds, basketball court, playground). The original church site plan approvals date back to the late 1980's. In 1993, County staff granted a change of use approval to convert an existing single-family residence into the Community Baptist Church. In 1996, the Indian River County Board of County Commissioners (BCC) granted special exception use approval to operate a childcare facility from the property. In 2001, the church received special exception use approval from the BCC to expand the church via the addition of a 9,000 square foot sanctuary and fellowship hall. Additional parking, stormwater treatment, and landscaping were added to the site during development of the new building. Directly west of the church assembly building is an existing, multi-purpose building of approximately 4,000 square feet, which was approved in the 2001 special exception approval as a Phase 2 improvement. This building is now being requested by the applicant for conversion into a K-12 private school. The existing building will contain nine (9) classrooms (a few grades will utilize the same classroom space), a school office, director's office, flex -space areas, storage rooms, and bathroom facilities. The maximum student capacity is capped at 90 students, based on available space, but the school informed Planning staff that the enrollment will be less, for academic reasons. No additional parking will be provided, or required, as there is ample existing parking for use by both the school and the church (which are used during non -overlapping times of the day). Currently, the Board of County Commissioners (BCC) is to consider the request and approve, approve with conditions, or deny the special exception use and site plan request for the proposed K-12 private 258 1 school. The BCC also needs to consider the request for a waiver from the Type "C" buffer plantings along the southeast property line, and approve, approve with conditions, or deny the request. Pursuant to Section 971.05 of the County's Land Development Regulations (LDR's), the BCC is to consider the appropriateness of the requested use for the subject site and surrounding area. The BCC may attach reasonable conditions and safeguards necessary to mitigate impacts and to ensure compatibility of the use with the surrounding area. PLANNING AND ZONING COMMISSION (PZC) RECOMMENDATION: At its meeting of May 9, 2024, the PZC voted 7-0 to recommend that the BCC grant special exception use and site plan approval with the conditions recommended by staff (see attachment 1). ANALYSIS 1. Size of Site: 6.01 acres 2. Zoning Classification: RS -3, Single -Family Residential (up to 3 units/acre) 3. Land Use Designation: L-2, Low -Density Residential -2 (up to 6 units/acre) 4. Building Area: 16,185 square feet (all existing, no new buildings proposed) 5. Impervious Area: 62,302 square feet or 1.43 acres (no new impervious areas) 6. Open Space: Required: 40% Proposed: 76.21% 7. Off -Street Parking: Required: 56 spaces for the K-12 school Required: 67 spaces for the church sanctuary Existing: 99 spaces, operation of uses does not overlap Note: The school will operate Monday through Friday (from 8:30 a.m. to 3:30 p.m.), while the church operates on Sundays (8:30 a.m. to 10:30 a.m.) and Wednesday evenings (6:30 p.m. to 8:00 p.m.). Thus, the separate uses will not compete for available parking. 8. Utilities: The site is currently served by public water and sewer service provided by County Utility Services. The County Department of Utility Services and the Department of Health have approved these utility provisions. 9. Access and Traffic Circulation: Access to the project site is provided via an existing full - movement driveway connection to Roseland Road (see attachment 4). Minor improvements will be made to the driveway to strengthen the turn flares that connect to the pavement of Roseland Road. No other driveways are required or proposed. The traffic circulation plan includes a two-way loop road/drive aisle that circles internally through the site, with a one- way drop-off area that provides adequate queuing for student drop-off and pick-up. The existing driveway connection and traffic circulation plan have been reviewed and approved by Traffic Engineering and Fire Prevention. Due to the low volume of traffic that will be generated from a school of this small size, a traffic impact study (TIS) was not required. Also, no other offsite traffic improvements (i.e. turn lanes) are required or proposed. 259 2 10. Stormwater Management: The project's stormwater management design that was previously approved and constructed includes a master stormwater system with four (4) separate stormwater management areas that are interconnected with stormwater pipes and drainage structures that direct the project's stormwater runoff into the master system (see attachment 4). The stormwater system outfalls to a swale along Roseland Road. Since the applicant does not propose any additional impervious areas the stormwater system does not require any expansion or improvements. 11. Environmental Issues: Wetlands: County Environmental Planning staff has determined that no jurisdictional wetlands exist on the subject site. Therefore, no wetlands criteria apply to the proposed development. 2. Uplands: Since the project site exceeds 5 acres, the County's native upland set-aside criteria apply. A small area of intact native upland plant community exists upon the project site, along the southwest property line. The applicant preserved this area when the site was expanded in 2001 and it remains today (see attachment 5). 3. Tree Preservation: Presently, the project site is partially wooded with a mixture of hardwood tree species (e.g. live oak), non -hardwood tree species (e.g. pine trees), and cabbage palms. County Environmental Planning staff has reviewed and approved the project's landscape plan. Multiple large oaks are located throughout the site, which were planted when the church operations were expanded. The entire southwest property is densely vegetated and will serve as an enlarged buffer from the adjacent single-family residential use. No existing trees are proposed for removal. 12. Required Dedications and Improvements: There are no required dedications or off-site improvements associated with this request. 13. Landscape Plan: A landscape and buffer plan has been reviewed and approved for the subject site. With respect to buffering, the plan depicts Type "C" buffers, along the northeast property line (adjacent to single-family residential zoning/use) and along the property's frontage on Roseland Road (northwest property line). As mentioned above, the southwest buffer is met via existing vegetation. The southeast property line also requires a Type "C" buffer, but a waiver is being requested by the applicant and is discussed further in item 16(6) of the report. 14. Concurrency: The applicant has applied for and obtained a conditional concurrency certificate for the project, which is sufficient for site plan approval. The concurrency certificate was based upon a concurrency determination that adequate capacity was available to serve the subject project at the time of the determination. The applicant will be required to obtain a final concurrency certificate prior to issuance of a building permit for this project. 15. Surrounding Land Use and Zoning: North: Roseland Road, Single-family homes/ RS -1 East: Single-family homes / RS -3 South: Wetlands and preserved lands / City of Sebastian West: Single-family homes / RS -3 260 3 16. Specific Land Use Criteria (Administrative Permit Use): Pursuant to LDR section 971.14(4), the specific criteria for the proposed school (Educational centers including schools, primary and secondary) are addressed as follows: Sites for secondary schools shall be located near thoroughfares so as to discourage traffic along local residential streets in residential subdivisions. Elementary schools should be discouraged from locating adjacent to major arterial roadways; NOTE: The site fronts upon and has direct access to Roseland Road, which is identified as a major collector roadway on the County's Thoroughfare Plan. However, the existing building that is proposed for conversion into the school is setback +/- 300 feet from Roseland Road. Therefore, there is adequate separation for younger school -aged children (K -2nd grade) from Roseland Road. 2. For the type offacility proposed, the minimum spatial requirements for the site shall be similar to standards utilized by the Indian River County school board and the State; NOTE: Based on the smaller scale of the school (maximum of 90 students), the minimum spatial requirements provided by the proposed site design are similar to the standards utilized by the Indian River County School Board and the State of Florida. 3. Except as provided below, no building designed for occupancy by students shall be located within one hundred (100) feet of any property line not adjacent to a street or roadway, and no building designed for occupancy by students shall be located within fifty (50) feet of any property line abutting a local road right-of-way; a. Where a building designed for occupancy by students is to be located adjacent to a mixed use or TND site, or to a property zoned RM -6, RM -8, RM -10, commercial, or industrial, and there is a non-residential use or reduced setback project (small lot subdivision or planned development) on that adjacent property, then the building setback along that adjacent property many be reduced to no less than twenty-five (25) feet. b. Where a building designed for occupancy by students is to be located adjacent to property zoned RM -4, RM -3, single-family, or agricultural, and there is a non- residential and non-agricultural use on that adjacent property, then the building setback for the educational use may be reduced to no less than fifty (50) feet. c. Where a setback of one hundred (100) feet is required, the setback may be reduced to fifty (50) feet if a Type B buffer with a six (6) foot opaque feature is provided within the setback. d. Where the education facility is located adjacent to an existing cemetery, place of worship, childcare facility, adult care facility, community center, school, or other non-residential use, buffer requirements for each use may be combined into a single buffer located between the education facility and adjacent use. The single buffer shall be greater than or equal to a Type "C" buffer. NOTE: The site is not located adjacent to a mixed use, TND site, or any of the zoning districts mentioned above, nor has the applicant requested any building setback reductions. Based on the above -referenced school building setback requirements the 4 school building must be setback 100 feet from any property lines not adjacent to a street, and 50 feet from the Roseland Road property line. The existing building is located more than 140 feet from all property lines. Buffer requirements are not being combined. 4. The applicant shall demonstrate that existing and proposed recreation, parking, and traffic circulation facilities adequately accommodate projected student enrollment including adequate pick-up and drop-off queue area to ensure that vehicle queues during peak pick-up and drop-off times do not adversely impact adjacent streets. NOTE: The Engineer of Record (EOR) submitted a traffic circulation and vehicle queue plan to the County's Traffic Engineering Division and Fire Prevention Bureau during review of the site plan. These plans were approved by the applicable County staff. The recreation areas include an existing playground area located near the school building and away from adjacent residences, an existing, unlighted basketball court south of the school building, and an open field just west of the school. Also, the provided parking exceeds the minimum required parking for the school by 43 parking spaces. 5. No rooms within the school shall be regularly used for the housing of students when located in a single-family residential district; NOTE: This proposal does not include any housing for students. 6. The facilities shall have a Type "C" buffer in the A4, A-2, A-3, RFD, RS -1, RS -2, RS -3 and RS -6 districts; a. The board of county commissioners may waive or reduce the buffer requirements where the educational facility is located next to an existing cemetery, place of worship, childcare facility, adult care facility, community center, school, or other non-residential use. Consideration shall be given to security, noise, and visual impacts. Where a waiver or buffer reduction is granted, normal perimeter landscaping requirements shall apply, and alternative requirements (such as fencing) may be required. NOTE: The site abuts a 134 -acre property in the City of Sebastian along its southeast property line, which contains wetlands and upland preserve areas that are jointly owned and maintained by the County and the St. Johns River Water Management District. The applicant is requesting a waiver from both the Type "C" buffer and normal landscape requirements (1 tree per 40 lineal feet along said property line). Since there is no occupation of or future development foreseen upon the adjacent property, County staff does not object to this waiver request. 5. The facilities shall have a Type "C" buffer in all other residential districts not listed in the subsection above. a. The board of county commissioners may waive or reduce the buffer requirements where the educational facility is located next to an existing cemetery, place of worship, child care facility, adult care facility, community center, school, or other non-residential use. Consideration shall be given to security, noise, and visual impacts. Where a waiver or buffer reduction is granted, normal perimeter landscaping requirements shall apply, and alternative requirements (such as fencing) may be required. 262 5 NOTE: The project site is located within the RS -3 district. Therefore, this subsection does not apply. All conditions recommended by staff have been accepted by the applicant. RECOMMENDATION Staff recommends that the Board of County Commissioners grant special exception use and site plan approval for the K-12 private school, with the following conditions: 1. A formal review of the life safety plan shall be conducted by the Indian River County Building Division, and must be approved prior to issuance of a change of occupancy permit to convert the existing building into a school. 2. The maximum student enrollment shall not exceed 90 students. 3. Any future request to add outdoor lighting to the playfield area or to construct new principal use buildings will require a new/separate special exception approval (PZC review and BCC approval). ATTACHMENTS 1. Excerpt from Draft May 9, 2024 PZC Minutes 2. Location Map 3. Aerial 4. Site Plan 5. Landscape Plan 263 6 PLANNING AND ZONING COMMISSION There was a meeting of the Indian River County (IRC) Planning and Zoning Commission (PZC) on Thursday, May 9, 2024 at 6:00 PM in the Commission Chambers of the County Administration Building, 1801 27th Street, Vero Beach, Florida. You may view a video of the meeting and/or review the meeting agenda, backup material and minutes on the Indian River County website. Present were the following members: Chairman Dr. Jonathan Day, District 4 Appointee; Vice Chairman Mr. Todd Brognano, Member -at -Large; Mr. Robert Votaw, District 2 Appointee; Mr. Mark Mucher, District 5 Appointee; Ms. Beth Mitchell, District 1 Appointee; Mr. Calvin Reams, District 3 Appointee; and Mr. Jordan Stewart, Member - at -Large; and Ms. Teri Barenborg, non-voting School Board Liaison. Also present were IRC staff members: Ms. Susan Prado, Deputy County Attorney; Mr. Andy Sobczak, Planning and Development Services Director; Mr. Brandon Creagan, Chief of Current Development; Mr. Patrick Murphy, Senior Planner of Current Development; and Recording Secretary, Ms. Lisa Plesnarski, Commissioner Assistant. Call to Order and Pledge of Allegiance Chairman Jonathan Day called the meeting to order at 6:00pm. All stood for the Pledge of Allegiance. Additions and Deletions to the Agenda Mr. Brandon Creagan, Chief of Current Development, said that Item #4B review and consideration of the Draft Comprehensive Plan Evaluation and Appraisal Report was advertised for a public hearing to be held at tonight's meeting, but was withdrawn from the agenda and will be readvertised and rescheduled. Approval of Meeting Minutes Approval of the March 28, 2024 meeting minutes. ON MOTION BY Todd Brognano, SECONDED BY Robert Votaw, the members voted unanimously (7-0) to approve the March 28, 2024 meeting minutes as presented. Public Hearinq Chairman Day read the following: 4A. Community Baptist Church K-12 Private School: Request for special exception use and site plan approval to convert an existing 4,000 square foot accessory building into a private K-12 school. Community Baptist Church, Inc., Owner. One 16 Engineering & Consulting LLC, Agent. Located at 12534 Roseland Road. Zoning: RS -3, Residential PZC Unapproved Meeting Minutes 1 May 9, 2024 264 Single -Family (up to 3 units/acre). Land Use Designation: L-2, Low -Density Residential - 2 (up to 6 units/acre). [SP -SE -24-03-10 / 96010103-95990] [Quasi -Judicial] Chairman Day asked if there had been any ex -parte communication. Mr. Brognano said a church member had contacted him with some questions about the process for converting the building into a school. Mr. Brognano said he gave a brief response and referred them to the Planning Department to obtain information about what was needed. Mr. Brognano said there was no further discussion and he feels he can make a fair and impartial decision. The secretary administered the testimonial oath to those present who wished to speak. Mr. Patrick Murphy, Senior Planner of Current Development, gave an analysis of the request for special exception use and site plan approval and gave a PowerPoint presentation, copies of which are on file in the Board of County Commissioners (BCC) Office. Mr. Murphy showed the subject property on a location map for reference and described the property's location on the south side of Roseland Road. Mr. Murphy also showed the location of adjacent single-family homes and wetland upland preserve land located further south. Mr. Murphy showed an aerial map with the site plan overlayed and noted the location of the existing multi-purpose building proposed to be converted into the K-12 school. Mr. Murphy showed the existing site plan and location of the existing 99 parking spaces and explained there is also additional gravel overflow parking behind the church. Mr. Murphy explained that the church operates on Sunday morning and Wednesday evening. Mr. Murphy said the school is proposed to operate from 8:30 am to 3:30 pm Monday through Friday and explained the uses will not overlap. Mr. Murphy showed the traffic circulation plan for reference and the location of the existing full access driveway to Roseland Road. Mr. Murphy noted that turn flairs with additional paving will increase the driveway radius. Mr. Murphy showed the internal driveway loop through the property and explained that vehicles will park and children will be walked into the school to avoid any queuing of cars. Mr. Murphy showed the stormwater plan map and noted that because there is no additional parking required, no change to the existing building, and no addition of impervious areas, there are no changes proposed to the existing stormwater plan. Mr. Murphy showed a landscape plan map and explained a Type C landscaping buffer is required along all property lines, and will consist of existing and additional plantings. Mr. Murphy noted the location of large oak trees and specimen oaks which will remain in place and said the existing densely wooded area to the south will be kept intact to act as an enlarged buffer. Mr. Murphy explained the applicant has asked for a waiver of the required Type C buffer on the eastern side of the property which consists of wetlands and upland preserve jointly owned by the County and St. John's River Management. Mr. Murphy briefly outlined the conditions listed in the staff report and ended his presentation by recommending the PZC recommend that the BCC grant special exception PZC Unapproved Meeting Minutes 2 May 9, 2024 265 use approval for the Community Baptist Church K-12 School with the conditions listed in the staff report. Chairman Day asked if there were any commissioner questions. Chair of the Indian River County School Board and non-voting liaison to the Planning and Zoning Commission, Ms. Teri Barenborg, asked about the life safety plan referenced in the staff report. Mr. Murphy said this refers to the interior building design meeting Florida Building Code for the expected occupancy of the building and explained if the project is approved, this will be reviewed by County Building Plan Examiners. In response to a question from Mr. Mucher, Mr. Murphy showed a photo of the existing building for reference and submitted a copy to the recording secretary. The President of the proposed school, applicant Pastor John Stevens, was present. Ms. Barenborg suggested Mr. Stevens contact Mr. John Teske in the Security Department at the School District Office to discuss safety protocol. Ms. Barenborg asked some questions about proposed fencing and if there is a security plan. Mr. Stevens said they will comply with any requirements of the Building Department and that creating a safe environment is a main concern. Mr. Stevens explained they do not have a safety plan at this time but are committed to creating one and meeting all requirements and will have volunteers or hired personnel on campus for the specific purpose of student safety. Mr. Stevens explained the maximum occupancy of the school is 90 students and he expects it will not begin with the maximum but will increase over time. In response to a question from Ms. Barenborg, there was discussion about parking lot safety and the plan for parking and Mr. Stevens said they will have a system in place for children to get safely into the school. Chairman Day opened the Public Hearing. Mr. Jeff Klein of 12525 Roseland Road was present. Mr. Klein said he spoke to Mr. Murphy yesterday in regard to some of his questions. Mr. Klein said he received a Notice of the Public Hearing in the mail but that some of his neighbors did not receive the Notice. Mr. Klein said the Public Hearing Notice posted at the church is placed perpendicular to the road and he gave the opinion that it is not legible from the road. Mr. Klein asked if there is a minimum sign size. Mr. Klein stated that he didn't think a maximum number of people were contacted and that he feels the proposed school will greatly impact traffic in the immediate area. Mr. Klein suggested the church have a bus to pick up students, or use volunteers for traffic control. Mr. Murphy spoke about LDR 902.12(4)(b)2. which pertains to required notice, and said that all residents within a 300 foot radius from the center of the subject property were notified. There were approximately 24 property owners that were notified of today's hearing by mail. Regarding the size of the posted sign, Mr. Murphy explained the typical sign size is 11 x 17 and that this sign was posted within the timeframe required by the Code Enforcement Department. Chairman Day explained to Mr. Klein that this matter will be heard again before the Board of County Commissioners. PZC Unapproved Meeting Minutes 3 May 9, 2024 .2.66 Mr. Scott Hausheer of 8275 125th Place in the Sunnyfield development was present. Mr. Hausheer described the location as the first street next to the church on Roseland Road and explained it is a private road which accesses 4 houses. Mr. Hausheer said he felt slighted that he did not receive notice of today's hearing. Mr. Hausheer said he is against the school because there is no infrastructure to support the school and that he feels this will negatively impact many residents. Mr. Jeff Riehl of 8265 125th Place in the Sunnyfield development was present. Mr. Riehl asked if a traffic study was warranted or done. Mr. Riehl also informed the Commissioners that there was an incident of a vehicular death in front of the church and numerous minor accidents. Mr. Murphy explained the project did not meet the criteria to legally require a traffic impact analysis. Mr. Murphy said a County Traffic Engineer has looked at the site and did not indicate any traffic improvements were needed. Mr. Riehl asked if the speed limit on Roseland Road would be lowered as seen in school zones and if there would be a traffic light. Vice Chairman Brognano explained there was not enough traffic to require a traffic light. Mr. Murphy said a lowered speed limit as seen by public schools was not recommended but that he can ask Traffic Engineers in Public Works if this is warranted. Mr. Steve McCue of 12523 Roseland Road was present. Mr. McCue described his property location as across from the school and explained that the driveway which serves his home is shared by 4 parcels. Mr. McCue said that currently when cars line up to turn into the church on Sunday it is very hard to pull out to turn left or right from the driveway. Mr. McCue said he is not opposed to the school but at 45 mph it is going to be hard to get in and out of the driveway. Mr. McCue asked for staff to look at the traffic on Roseland Road and consider how many cars will be in queue to turn at one time. Deputy County Attorney Ms. Susan Prado noted that the County cannot require the applicant to do anything not legally required and explained that what needs to be met is the criteria for the special exception. Mr. McCue expressed concern that the other property owners will not be able to have individual driveways permitted in the future. Ms. Prado suggested the question about additional driveways be asked of the Public Works Department. Mr. McCue said the north swale drains directly to his property and he expressed concern about increased vehicular traffic leading to an increase in discharged pollutants into the County drainage system. Mr. Brandon Creagan, Chief of Current Development, explained that the Engineering Department conducts a site review as part of the planning process and that if the site is further developed, Engineering will continue to look at potential drainage impacts. Mr. Creagan said Engineering determined the drainage did not need to be addressed at this time. Mr. Cliff McCue of 12519 Roseland Road was present and asked when the last traffic study was conducted for Roseland Road. Mr. Andy Sobczak, Director of Planning and Development Services, explained the County Engineering Department does periodic traffic counts on all County roads approximately twice per year. Mr. Sobczak said this information is used to determine the need for road improvements in relation to functional capacity. Mr. Sobczak said that Roseland Road is under capacity and on the long range plan for improvements. Mr. McCue spoke about traffic fluctuations at different seasons PZC Unapproved Meeting Minutes 4 May 9, 2024 267 and various times of day and asked about the timing of the traffic study. Mr. Sobczak explained that a correction factor is added to traffic counts to ensure they are measured at their highest potential volume. Mr. Sobczak briefly explained the grading system for roadway capacity and the standard required of the comprehensive plan. Mr. Tim Borden of 12885 Indian River Drive was present. Mr. Borden said he is a member of the church and expressed that he is grateful that the north side of the County will have an option for Christian education. Mr. Borden noted the school will have a maximum capacity of 90 students and that he is not sure if they will reach full capacity. Mr. Borden said there are about 300 people in attendance between the 2 church services on Sunday. Mr. Borden noted the school will be operating with a much smaller number in attendance and, therefore, he does not anticipate a traffic flow problem. Mr. Borden said he likes the idea of parents parking and walking students into the school and that he would feel safe walking his child into the school from the parking lot. Mr. Borden said that the nearby Roseland Christian School has a similar drop off arrangement for their students. Mr. Borden said he also speaks on behalf of other supporters and the church community and that they are very excited to have a Christian alternative school. Mr. Stevens thanked County staff for their assistance and expressed gratitude to the County for their support and helping him to navigate the process. Mr. Calvin Reams commented that he understands the traffic concerns but that there is a much larger number of people coming to the church on Sundays and the traffic is not a problem. Mr. Reams noted it is not likely to anticipate one car per student because of families and carpooling. Ms. Teri Barenborg spoke about parking lot safety and general safety and said she would be glad to have further discussion with Mr. Stevens. Ms. Barenborg noted the differences between public and private schools regarding their requirements and the presence of lighting, crossing guards and reduced speed school zones. Ms. Barenborg said that private schools have fewer requirements for safety procedures but share the same concerns as public schools and suggested Mr. Stevens have a conversation with Mr. Teske for further ideas regarding security. There being no further comments, Chairman Day closed the public hearing. Chairman Day asked if there were any further commissioner questions or comments. Mr. Votaw thanked Ms. Barenborg for her input and for providing resources. Ms. Barenborg further commented on the importance of sidewalks for safety. ON MOTION BY Calvin Reams, SECONDED BY Todd Brognano, the members voted unanimously (7-0) to approve the Request for Special Exception Use and Site Plan Approval on this Quasi - Judicial matter. Commissioners Matters PZC Unapproved Meeting Minutes 5 May 9, 2024 268 O N I. - cc W N (D! a N V L V .N AmeCLm m G m E E CL O V J M Ch w0O�0 � �� vJ d• O Z ,�O O y OAC (D! a N V L V .N AmeCLm m G m E E CL O V J S3 dS ` M . f ,_� , g2 io ZD ao ..• ` §] } ,! ! , k � , ,• � Lu " § ~§ §( ■� .. | §; -! .. ■ §! . , ,• \! \ . 0110Yl ! ). , .W a AV N ^, Ard'os) ) \ ameN «m KIIIIIN ,617*17617 ¥, «SV s § • , , . . 'a | g ( 1. � ` » §§ ! • - � zo � , ,• � z §§ . ■§ /( , . � _ ■. § § ! § � ! ., . � ■ k . ,• � LU k (- ! -, � a , DOME a. a A, . . /�� / . as aV-13 ma _0lNn ._m_ . 6V _»aea6BS \ § () ! 2 ; = z ! ! . \ ! _ , qb._ . zN - ■ __ •©& , .. • LU w,- | : m | | � | % \ | ■, .= to § ) | Oki ` ! L-MN ! !� ( . »m ta= a. . ' __ q z _.o__. ID, A, i a.'7,;L - 1 41 �{ 11 Community Baptist Church K-12 Private School u Special Exception Use WE v y �aT, - sem. - • � - ,�''y -`�1' VOL,, �` Board of County Commissioners fir` June 4, 2024 Ar IL a.'7,;L - 1 Aerial Traffic Circulation Plan All Vehicles Taking or Picking Up Students Will Park and Walk Into School. Parking Lot Has an Internal Loop Around Parking Spaces Landscape Plan Type "C" Landscape Buffer �r L Consisting of Existing Vegetation k j Specimen Oaks and Pro osed Plantin s i ` '— ~� f➢ u , _ __ to Remain 40 ! _ _ t I _ F -fr Ejc'stng Oak.. f frees iote(nain (]I a South Property Line Requesting _ _T Waiver from i ! --- Buffer due to Adjacent Wetlands i ! 3 Densely Wooded Area to Serve as Enlarged Buffer F. _ - PZC Recommendation At its regular meeting of May 9, 2024, the PZC voted 7-0 to recommend that the BCC grant special exception use and site plan approval with the conditions recommended by staff. 8 ��a"4 Staff Recommendation Staff recommends that the BCC grant special exception use and site plan approval for the Community Baptist Church K-12 private school, with the conditions listed in the staff report: • A formal review of the life safety plan shall be conducted by the Indian River County Building Division and must be approved prior to issuance of a change of occupancy permit to convert the existing building into a school. • The maximum student enrollment shall not exceed 90 students. • Any future request to construct new principal use buildings, or add outdoor lighting to the playfield, will require special exception approval (PZC review & BCC approval). N I j:. i S ��J DEPARTMENTAL MATTERS INDIAN RIVER COUNTY MEMORANDUM TO: Honorable Board of County Commissioners THROUGH: John A. Titkanich, Jr., County Administrator FROM: Suzanne Boyll, Human Resources Director Date: May 28, 2024 Subject: Indian River County Everside Health Center— 6 Month Update & Request for Approval of Additional Staffing and Direct Contract for Radiology Services BACKGROUND On February 21, 2023, the Indian River County Board of County Commissioners approved a five (5) year agreement with Everside Health and authorized staff to proceed with implementation of the Indian River County Everside Health Center. Staff worked with Everside to select the location, negotiate and execute the lease, complete the buildout, and recruit the authorized health center staff of a Nurse Practitioner and two (2) Medical Assistants with the understanding that additional staffing may be required as utilization increased. The following guiding principles were identified as important to consider during the implementation of the health center: o Establish a high-quality health center to attract and retain employees o Location for care needs to be convenient and easily accessible o Clinic should be financially sound, producing plan savings over time On October 30, 2023, the Indian River County Everside Health Center opened and began serving eligible employees, retirees and dependents over 2 years of age of the Indian River County BOCC, Sheriff's Office, Clerk of Court, Tax Collector, Property Appraiser and Supervisor of Elections. • Location: 960 37th Place, Suite 101, Vero Beach, FL 32960 • Clinic Staff: 1 Nurse Practitioner and 2 Medical Assistants • Operating Hours: 40 hours per week Monday 7:30 am — 4:30 pm Tuesday 9 am — 6 pm Wednesday 7:30 am — 4:30 pm Thursday 9 am — 6 pm Friday 7:30 am — 4:30 pm 273 2 The services offered in the Indian River County Everside Health Center include: • Preventive care: biometric screening, preventive screening and counseling, physical exams, wellness exams • Lifestyle and disease management: health education and promotion, chronic condition coaching • Chronic care counseling: cardiac, cancer, diabetes, depression, musculoskeletal • Acute or personal care: ear, nose and throat conditions, respiratory infections, gastrointestinal disorders, sprains and strains, urinary problems, rashes, and lesions • Ancillary services: immunizations, vaccinations, lab draw and handling, pharmaceutical dispensing, and limited occupational health. • Coordination with other County offered programs: Kannact, SurgeryPlus, Cana Rx, Employee Assistance Program SIX (6) MONTH HEALTH CENTER UPDATE Utilization is rising steadily L!AML.'A 0 C 1,069 410 184 Completed Appointments Unique Patients Unique Patients received physicals I�♦ 16% 27% 4% Utilization among Eligible Same -/Next -Day Visits Virtual M. O.b . Employees ... 3 4 Patients are very satisfied with Everside This feedback is specific to the Indian River County Everside Health Center. Had ren out of insulin as insurance was no lunger covering one on and pharmacy was not getting a reply from other doctor. I tried to conmmicate with other doctor and he just sent me a Everside is convenient and doesn't feel like a Everside Health has been the best list of meds to see lt covered or not. Everside scheduled a typical office where people are hoarded into rooms expenenca in heahh care that I have same day appointment talk with me about life and concems and on a strict time limit. The appointments are at been wposed to. I am very fortunate for and came up with a plan and sent prescription to pharmacy the patient's pace and the practitioner lakes time to the opportunity that the county offers which was filled the same day listen and cares about the overall outcome. Staff is amaang, they take their time with - Y. and you don't feel like a number. Fw:,thmy They take a whole health approach d was very ill, without an appointment, but they managed to to fit me in, were VERY helpful, and helped me tremendously. Everyone was thorough and kind. am so grateful! was able to Very pleasant staff have a Continue providing top no:dnd are, who takes the tirre discussion your focus on the patients to listen to and with the or for well being exceeds that of address questions Not rushed,horough over 30 rrin primary care of whom I've and concems. questions, kind and respectful, about did not have to wait long. Highly recommend concerns and Everside! Everyone was very pleasant! changes. �t What a relief, �\ finally, to be Eab first time in my life that I felt like Ito connect with the provider and y history with time and care. There's no need for inprovement! The staff at Everside health is awesome Veverde HEw[TH A Net Promoter Score is a universal metric based on a survey question that asks respondents to rate on a scale of 1 to 10 their likelihood of recommending a brand to someone else. ,. Indian River County Everside Health Center Net Promotor Score is 89 based on Patient Survey Responses Everside has diverted healthcare costs $528,659 $59,954 $27,903 $41,078 Total Value of Referral Savings ER/Urgent Care Member Savings Visits The industry referral rate Avoidance The average member The average duration ofThere is 20.3%, but the Everside Health referral have been 289 cost share for an outside office visit is a primary care visit is 9.7 ° rate is 13.1 /o. The same -/next -day n the$30-40 (depending on the plan), plan), minutes, and the average estimated cost to the appointments. It is and Everside provided cost is $117. The health plan is $967 per estimated that 18% of 1,069 visits. The average average Everside visit is 41.0 minutes, and there referral. Everside Health Everside same -/next -day visits are avoided urgent ER deductible is $250, have been 1,069 utilizes RubiconMD, a care visits that cost an and Everside prevented completed appointments group of salaried specialists who provide a average of $147. It is ° 9 ER visits. The average member cost share for among Indian River second opinion before a also estimated that 3% of generic prescriptions is County employees so far, referral is made Everside same -/next -day and Everside putting the value of those . visits are avoided ER dispensed generic dispensed visits at $528,659. visits that cost an prescriptionss.. The average of $2,251. average member cost share for brand prescriptions is $50-65, and Everside dispensed 2 brand prescriptions. Total of diverted health care costs and member savings = $657,594 vuet'side 276 9 OTHER SAVINGS/BENEFIT In addition to the savings of $657,594, other savings and improved productivity are realized due to a reduction in time away from work for appointments. The health center is conveniently located near many County facilities, and there is no waiting time for appointments which results in less time away from work. 753 of the 1,069 appointments to date have been for the primary insured member. Assuming each member saves one-hour per appointment, this would equal 753 hours of reduction in lost time. The health center provides stress free access to medical coverage. The high utilization of the health center, and the high level of patient satisfaction, supports our overall goal of improved health and wellbeing for our employees and their families. Through the Indian River County Everside Health Center, our employees and their families have convenient access to quality care, prescriptions, labs and appropriate referrals to specialists which provides our employees and their families with the resources to address their health and wellness needs without lengthy delays. The health center is operating at above 66% capacity which is the threshold for adding an additional Nurse Practitioner. - Everside Actual Capacity 100% 75% 50% 25% 0% 2023-11 2023-12 2024-01 2024-02 2024-03 2024-04 Actual Required for second Nurse Practitioner OPERATIONAL COSTS ARE ON BUDGET Based on the current staffing model of one (1) Nurse Practitioner and two (2) Medical Assistants, the operational costs, including the office lease, are estimated to be approximately $800,000 per year and expenses are tracking within this range. Actual costs will vary based on utilization. Sufficient funds have been budgeted in anticipation of a continuing increase in 277 M utilization, adding another provider, and providing increased services for the remainder of the fiscal year. APPROVAL FOR ADDITIONAL STAFFING To continue to meet the needs of our employees and covered dependents, staff recommends the addition of another nurse practitioner to provide increased staffing to deliver services to employees and dependents over 2 years of age of the Indian River County BOCC, Sheriff's Office, Clerk of Court, Tax Collector, Property Appraiser and Supervisor of Elections. The projected cost for the addition of a nurse practitioner and associated direct costs are estimated to be $225,000 (actual staffing expenses may vary). It is also anticipated that labs, pharmacy, and medical supplies will increase as additional members obtain services in the health center. APPROVAL FOR DIRECT CONTRACT FOR RADIOLOGY After learning our members were having difficulty scheduling follow-up radiology services and experiencing increased fees through Cleveland Clinic, staff requested Everside Health explore a direct contract for radiology and imaging services to improve the referral and scheduling process and provide a cost-effective alternative for members. Staff recommend approval of a direct contract for radiology services through Everside. Once a direct contract for services is established, members will be able to receive no cost radiology services and imaging when referred by the Everside Health Center to include x-rays, CT scans, and MRIs that are medically necessary. The direct contract will be reviewed by Lockton for competitiveness prior to implementation. The radiology expenses will be billed by Everside as a pass-through expense to the County and paid from the Health Insurance Fund/Other Contractual Services/Employee Health Clinic account, number 50412719-033490-23005. While providing radiology services through Everside will result in an increased expense under the health center, it is anticipated it will also result in comparable savings under the health plan due to diverting costs from the health plan. Additionally, under the direct radiology contract, members will not utilize the health plan and will save on imaging copays/coinsurance under the health plan. FUNDING Sufficient funding exists in the current Health Insurance Fund/Other Contractual Services/Employee Health Clinic account, number 50412719-033490-23005 for the recommended addition of radiology services and an additional nurse practitioner. We will also request a budget of $1,300,000 in FY24/25 to cover increased utilization and staffing. 278 7 Account Name Account Number FY 24/25 Budget Health Insurance Fund/Other Contractual 50412719-033490-23005 Services/Employee Health Clinic $1,300,00 RECOMMENDATIONS Staff respectfully request the Board of County Commissioners approve authorizing Everside to recruit and employ an additional nurse practitioner to enhance staffing at the Indian River County Everside Health Center, resulting in staffing of two (2) Nurse Practitioners and two (2) Medical Assistants; approve authorizing Everside to enter into a direct contract for radiological and imaging services, with pricing to be reviewed by Lockton and staff for competitiveness, with costs paid as a pass-through expense under the Everside agreement; authorizing Everside to begin providing no cost radiology referrals to health center patients when referred by Everside Health for imaging under the direct contract; and authorizing the Chairman to execute any necessary amendment to the agreement with Everside to implement the authorized changes upon review by Lockton and staff as well as review by the County Attorney for legal sufficiency. 279 u�1V'ii I - I - q. � .I I l - - _ .. ... ri li Complete Care built PrimaryB Urgent care. { h patient around the Preventive Care _ Meeting more of the populations needs with Referral Management- v General r=1 – Wellness 71. ? advanced care options: primary care, mental and occupational health Pharmacy — Mental Health . .. .. - UPIOl�Management Condition •. Onsite Labs &Testin9 - of a patient's medical iF - - needs can be meta our health cenwiE � In-person _ j . & Virtual.Same & ..r fi access if next day # Ila.; appointments flit - ,.j I. 4��z .. �. Utilization is rising steadily N!MOA 1,069 Completed Appointments 16% Utilization among Eligible Employees 0 410 Unique Patients Utilization is rising steadily Employee Appointments Relative to All Visits 225 :N 164 150 119 0 a� E 75 Z 0 187 189 -eve side rm Apt H Utilization has risen steadily. 205 The participation rate has risen to 10.8% among all eligibles: 16.0% among primaries, 9.2% among spouses, and 4.5% among dependents. ,eve side HEALTH, 6/17/2024 Everside reduces medical absenteeism Employee Appointments Relative to All Visits 225 2023-12 2024-01 2024-02 2024-03 2024-04 A Net Promoter Score is a universal 25 ■ Primary ■ 196 .¢ // Chick-Fil-A 58 187 189 to 10 their likelihood of recommending a 164 M N 0 150 5 119 6 m E Z 75 Most appointments are for employees, which improves productivity by reducing 205 the sick leave they take for medical appointments. 6/17/2024 0 2023-11 2023-12 2024-01 2024-02 2024-03 2024-04 A Net Promoter Score is a universal 25 ■ Primary ■ Other .¢ // Chick-Fil-A 58 Patients are very satisfied with Everside tit Starbucks 33 v Indian River County Everside Health Center 89 A Net Promoter Score is a universal 25 h ttps:i/— wmparably.comibrands metric based on a survey question that .¢ // Chick-Fil-A 58 asks respondents to rate on a scale of 1 li to 10 their likelihood of recommending a brand to someone else. Apple 50 Indian River County Everside Health Center has achieved a Net Promoter —' Amazon 49 Score above the most respected brands. Southwest Airlines 47. Starbucks 33 1 Tesla 31 LJ Cleveland Clinic 25 h ttps:i/— wmparably.comibrands .. .. EA. 1-Iq - 4 Patients are very satisfied with Everside This feedback is specific to the Indian River County Everside Health Center. Had run out of insulin as insurance was nolonger covering one on and pharmacy was not getting a reply from other doctor. I tried to communicate with other doctor and he just sent me a Everside is convenient and doesn't feel like a Everside Health has been the best list of meds to see if covered or not. Everside scheduled a typical office where people are hoarded into rooms experience in health care that I have same day appointment talk with me about life and concerns and on a strict time limit. The appointments are at been exposed to. I am very fortunate for and came up with a plan and sent prescription to pharmacy the patient's pace and the practitioner takes time to the opportunity that the county offers. which was filled the same day listen and cares about the overall outcome. Staff is amazing, they take their time with ` - you and you don't feel like a number. I couldn't be more satisfied They take a whole health approach - I was very ill, without anappointment, but they managed to with my visit to -•` fit me in, were VERY helpful, and helped me tremendously. Everside! I Everyone was thorough and kind. I am so gratefull _ was able to Very pleasant staff have a Continue providing top notch health care, who takes the time _ discussion your focus on the patients needs and to listen to and with the Dr for well being exceeds that of likely every address questions Not rushed, thorough over 30 min primary rare of whom I've visited. and concernsquestions, kind and respectful, about did not have to wait long. Highly recommend Everyone was very pleasant) - - concerns and - - Everside) changes. What arelief, .. finally, to be It was the first time In my life that I felt like I heard. was able to connect with the provider and go over my history with time and care. There's no need for improvement! The staff at Everside health is awesome - Everside is convenient Same-INext-Day Apointmente Relative to All Visits 225 N 150 0 E Z 75 0 Since January, two hours have been blocked for same -/next -day appointments each day. 6/17/2024 2023-11 2023-12 2024-01::. 2024 -OZ ' 2024-03 Z02, ■Same -/Next -Day Appointments ■ Other Appointments � /l4171 -- 5 6/17/2024 The average wait time for appointments is rising Everside is operating at capacity Everslde Actual Cipeolly The contract stipulates that a Second 100% --- -- - provider must be added if capacity exceeds 66%, and capacity has been far above 66% since opening. - 8e% To be a wise steward of Indian River .:County resources, Everside Health 50%_ _... _..._ r.w....--:- _... advised that we wait until 24Q2 to add a provider to ensure high utilization iis a 25%'t ---- = — -- - .... rend,: not an outlier. 2023-11 2023.12..' 2024-01 2024-02 2024-03 2024-04. " —Actual am-Raquired for second Nurse Practitioner .. .... 1.7 "Medical Team" means the one (1) full-time nurse practitioner and two (2) full. time medical assistants contracted to staff the Everside Health Center ("Standard Staffing"); plus . . the one (1) frill -time advanced practice provider (i.e., a nurse practitioner or a physician assistant) . . that may be contracted to staff the Everside Health Center once patient utilization of available appointments meets or exceeds 66% and upon approval by the Client ("Supplemental Staffing). Average days between booking and appolntment: The average number of days between 20 r __....:.. booking an appointment and starting an .40poititmenthas risen consistently each rh6rdh to 15.5 days in April. 15 _ Everside blocks two hours of every days fur same-day appointments. .Excluding those appointments, the 10 .....__ average wait time for an appointment-iis 19.4 days:.: 5 - 0 _.. - - . .: ............ 2023-10 2023-41: 2023-12 2024-01: 2024-02 :2024-03 2024,04 is Average days between. booking and appointment is Average days between booking and appointment (exclOdes: same-day appointments) Everside is operating at capacity Everslde Actual Cipeolly The contract stipulates that a Second 100% --- -- - provider must be added if capacity exceeds 66%, and capacity has been far above 66% since opening. - 8e% To be a wise steward of Indian River .:County resources, Everside Health 50%_ _... _..._ r.w....--:- _... advised that we wait until 24Q2 to add a provider to ensure high utilization iis a 25%'t ---- = — -- - .... rend,: not an outlier. 2023-11 2023.12..' 2024-01 2024-02 2024-03 2024-04. " —Actual am-Raquired for second Nurse Practitioner .. .... 1.7 "Medical Team" means the one (1) full-time nurse practitioner and two (2) full. time medical assistants contracted to staff the Everside Health Center ("Standard Staffing"); plus . . the one (1) frill -time advanced practice provider (i.e., a nurse practitioner or a physician assistant) . . that may be contracted to staff the Everside Health Center once patient utilization of available appointments meets or exceeds 66% and upon approval by the Client ("Supplemental Staffing). Operational costs are tracking estimates Comparison of Estimated and Actual Costs $160,000 $120,000 - $80,000 $40,000 $0 Startup Oct -23 Buildout costs slightly exceeded estimates, but operational costs lagged estimates. The contract estimated operations would be $719,038 annually, or $59,931 monthly. The Indian River County Everside Health Center opened on October 30, 2023, and involved training costs. This does not include rental costs, which are $75,876 annually, or $6,323 monthly. Rental costs were not included in the contract. Nov -23 Dec -23 Jan -24 Feb -24 Mar -24 ■Estimated ■Actual -evetside HF ACTH.. Everside has diverted healthcare costs $528,659 $59,954 $27,903 $41,078 Total Value of Referral Savings ER/Urgent Care Member Savings Visits The industry referral rate Avoidance The average member The average duration of is 20.3%, but the Everside Health referral There have been 289 cost share for an outside office visit is $3040 a primary care visit is 9.7 rate is 13.1 %. The same -/next -day (depending on the ), minutes, and the average estimated cost to the appointments. It is dIan and Everside provided cost is $117. The health plan is $967 per estimated that 18% of visits. The average average Everside visit is referralEverside Health. Everside same -/next -day ER ER deductible is $250, 41.0 minutes, and there utilizes RubiconMD, a visits are avoided urgent and Eversiderevented p have been 1,069 group of salaried care visits that cost an 9 visits. The average completed appointments specialists who provide a average of $147. It is ber cost share for member among Indian River second opinion before a also estimated that 3% of generic prescriptions is County employees so far, referral is made Everside same -/next -day $5-10, and Everside putting the value of those . visits are avoided ER dispensed 173 generic visits at $528,659. visits that cost an prescriptions. The average of $2,251. average member cost share for brand prescriptions is $50-65, and Everside dispensed 2 brand prescriptions. Total of diverted healthcare costs and member savings is $657,594. eve s de ii€ACTH. 6/17/2024 alq- 7 6/17/2024 Everside has diverted healthcare costs 27 903 ER/Urgent Care Avoidance: There have been 289 same -/next -day appointments. It is estimated that 18% of Everside same -/next -day visits are avoided urgent care visits that cost an average of $147. It is also estimated that 3% of Everside same - /next -day visits are avoided ER visits that cost an average of $2,251. Member Savings: The average member cost share for an outside office visit is $30-40 (depending on the plan), and Everside provided 1,069 visits. The average ER deductible is $250, and Everside prevented 9 ER visits. The average member cost share for generic prescriptions is $5-10, and Everside dispensed 173 generic prescriptions. The average member cost share for brand prescriptions is $50-65, and Everside dispensed 2 brand prescriptions. Investment: $528,451 Value: $657,594 Referral Savings: The industry referral rate is 20.3%, but the Everside referral rate is 13.1%. The estimated cost to the health plan is $967 per referral. Everside utilizes RubiconMD, a group of salaried specialists who provide a second opinion before a referral is made. Value of Visits: The average duration of a primary care visit is 9.7 minutes, and the average cost is $117. The average Everside visit is 41.0 minutes, and there have been 1,069 completed appointments among Indian River County employees so far, putting the value of those visits at $528,659. Everside recommends adding a NP or PA Everside recommends a direct contract with Indian River Radiology Indian River Co employees have been incurring facility fees that are not covered by the health plan for radiology provided by Cleveland Clinic. Everside found that Indian River Radiology provided the highest quality and best value in the community and hopes to refer all patients needing radiology there. Costs are expected to be lower than that of the health plan and will be paid on a pass-through basis from Indian River Co through Everside. A performance guarantee should be clarified 6/17/2024 Furthermore, beginning on the first annual antuversary of the Health Canter The contract includes a performance Opening Date and continuing each year during the term of the Agreement,Everside guarantee that stipulates that 50% of guarantees that 50°A or more of individuals, who have been Eligible Members for eligible employees, retirees, spouses, 180 days or more, ages 18 and older, will have a documented annual physical exam and dependents aged 18+ (about 1,500 in the last 365 days. If this target is not met in any given year, then Everside will people) must receive a physical each refund 5% of the At -Risk Amount to Client. year. Everside performed about 200 physicals in the first six months with one provider. Both Everside and Indian River County understood this performance guarantee to apply to 50% of enrollees—not eligibles—so this must be clarified. emr'side HEALSH. al -9 vur strategic alignment • Shared focus on transforming the U.S. healthcare system and evolving to deliver best -in -class advanced primary care • Similar values, company cultures, and patient -first approach to care that's based on trusted relationships and improved health outcomes • Complementary capabilities and geographies • Similar reputation for award-winning care s Patient Journey Urgent Employee Employee Employee Employee Employee Employee ' become downloads completes schedules receives text visits eligible app consent form appointment confirmation clinician B " Comprehensive.. physical The average appointment length is stabilizing Average Visit Time 60 50 40 U) c 30 20 10 0 2023-10 2023-11 2023-12 2024-01 2024-02 2024-03 2024-04 —Everside —Indian River Cc Employee receives annual reminder to schedule additional appointment vm side HE ACTH. When a health center opens, the average visit time is high because most visits are first-time visits in which the provider conducts a thorough analysis of the patient. Over time, the average visit time falls because follow-up visits take less time. Although the average visit time has fallen in line with the Everside average, the Indian River County Everside Health Center is still operating at high capacity. side HEALTH. 6/17/2024 a-l(q , 12 6/17/2024 Increased access, for our patients & clients There are few same -/next -day appointments Same4Next-Day Appointments Reladve to All VWks Since January, two hours have been 225 blocked for same -/next -day 186 205 appointments each day. 1$7 164 y150 .. ....... N_ 11e: 0 E z 75 0 2023-11 2023-12 2024-01 2024-02 2024-03 2024-04 ■ Same -/Next -Day Appointments ■ Other Appointments evefide HEALTH rq,p 13 6/17/2024 ,�q/a , 14