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BEAR POINT MITIGATION BANK MANAGEMENT COMMITTEE
MINUTES
APRIL 13, 2018 MEETING
Members Present: Glenn Henderson, Leslie Olson, Mark Satterlee, and Heather Young
Others Present: Freda Posin (by phone)
The meeting was called to order at 4:35 p.m. by Mr. Henderson, Chair, in the County Attorney’s Small
Conference Room, 2300 Virginia Avenue, Fort Pierce, Florida. Following roll call, it was determined a quorum
was present.
Public comment was requested. There was no public comment.
Mr. Henderson asked for a motion on the minutes of the December 11, 2017 meeting. Ms. Young made
a motion to approve the minutes. Ms. Olson seconded the motion. The motion was approved by a vote of 4-0.
The Committee discussed the bi-annual status report for the period July – December 2017. Ms. Young
made a motion to accept the report. Mr. Satterlee seconded the motion. The motion was approved by a vote
of 4-0.
Copies of the Bear Point Wildlife Survey were distributed to the Committee for informational purposes.
Mr. Henderson reviewed the September 2017 Exotic Removal/Maintenance report.
Mr. Henderson reported that Culpepper & Terpening had completed the Bi-Annual Cost Re-Assessment.
The fee for their services was $1,341.25.
Mr. Henderson informed the Committee that Fuller, Armfield & Wagner had completed the annual
appraisal at a cost of $1,875.00. The appraisal indicated that the credit price for the coming fiscal year should be
$160,000.00. Mr. Satterlee made a motion to accept the appraisal report and set the credit price for Fiscal Year
2018/19 based on $160,000.00 for a dual credit. The motion was seconded by Ms. Young. The motion was
approved by a vote of 4-0.
Mr. Henderson reported that three quotes had been received to perform the two Semi-Annual Exotic
Removal/Maintenance in April and September as follows:
Southeast Soil & Environmental Services - $5,690.00
AVCI - $7,796.00
Milborne, LLC - $9,200.40
Ms. Olson made a motion to award the contract to Southeast Soil & Environmental Services. Mr. Satterlee
seconded the motion. The motion was approved by a vote of 4-0.
The Committee reviewed the current signage at the impoundment and the quote to replace the current
sign. Members were asked to submit comments to Lauri Heistermann for a future meeting.
Mr. Henderson reported the following activity with regard to credit reservations/sales and the budget:
A. Reservation Agreement for Feifan 8, Inc. (Yan K. Wong) – Term extended through
9/14/2018.
B. Available Credits: 7.10 Federal Credits and 8.20 State Credits
C. Pooled Cash - $608,206.77
D. Interest for January 2018 - $752.60
There being no further business, the meeting was adjourned at 5:00 p.m.