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HomeMy WebLinkAboutMinutes 11-05-2009 TCERDA Treasure Coast Education, Research and Development Authority TCERDA Board of Directors Minutes of Meeting November 5, 2009 Convened: 1:16 p.m. Adjourned: 3:20 p.m. The meeting of the Treasure Coast Education, Research and Development Authority (TCERDA) was held Thursday, November 5, 2009, in Room 219 West, University of Florida Indian River Research and Education Center, 2199 South Rock Road, Fort Pierce, Florida. MEMBERS PRESENT: Jane Bachelor, Chair Jose Farinos, Vice Chair Dr. Kathleen A. McGinn, Secretary and Treasurer (left meeting at 2:55 pm) Tom Perona Travis Murphy Stefan Matthes, P.E. O.R. “Rick” Minton, Jr. MEMBERS ABSENT: Dr. Peter Stoffella Dr. Joseph C. Joyce Hoyt C. “Pat” Murphy, Jr. ALSO PRESENT: Ben DeVries, Executive Director, Treasure Coast Research Park Commissioner Chris Craft, BOCC Liaison Faye W. Outlaw, County Administrator (left meeting at 2:55 pm) Heather Young, Assistant County Attorney Robert I. “Rim” MacLaren, II, General Counsel Jackie Bylsma, Economic Development Council of SLC A. CALL TO ORDER Ms. Jane Bachelor called the meeting to order at 1:16 p.m. B. WELCOME MEMBERS AND GUESTS Ms. Bachelor welcomed the members and other attendees. C. APPROVAL OF MINUTES Ms. Bachelor requested a motion for approval of the October 7, 2009 TCERDA Board minutes. A motion was made by Mr. Rick Minton and seconded by Mr. Travis Murphy for approval of the October th 7 minutes. The motion and second carried unanimously by voice vote. - 1 - D. TREASURER’S REPORT Dr. Kathleen McGinn updated the Board on the revenue and expenditures for this month’s report and stated the $45,000 revenue reflected in the budget represents 3% gross revenues from the card room at Jai Alai for the past eight months and that this revenue is bondable. Ms. Bachelor asked for a motion to approve the report. A motion was made by Mr. Jose Farinos and seconded by Mr. Tom Perona for approval of the Treasurer’s Report. The motion and second carried unanimously by voice vote. E. LEGAL UPDATE Mr. Rim MacLaren presented information to the Board on several issues: ground lease/sub-lease, legal description by Kimley Horn/land swap, and an Interlocal Agreement with BOCC/FPUA for utilities. Discussion ensued among the Board members. It was suggested by Commissioner Craft to ask for the same terms the City and FPUA gave the Wal-Mart Distribution Center; 10 years annexation deferral and 10 years tax abatement. Mr. DeVries requested a copy of the Wal-Mart agreement language from Heather Young. Upon further discussion, the Board reached a consensus for Ms. Bachelor and Mr. DeVries to prepare a letter outlining the proposed terms and to meet with the City of Fort Pierce to ascertain what it would take for the Park to get the same terms discussed. F. EXECUTIVE DIRECTOR’S REPORT Mr. DeVries walked the Board through their attached packet of information covering several topics and providing updates; the TC Research Corridor Study Group, the XE3 Event and Tech Tours, the Florida Network of Research, Science and Technology Parks (FNRSTP), marketing/co-marketing - Florida Trend Magazine, his trip to Vancouver, Build America Bonds, and the property pricing sheet. Ms. Bachelor requested the Board approve the pricing schedule for the Park, updated on an as-needed basis with a review at least every six months. A motion was made by Mr. Travis Murphy and seconded by Dr. McGinn for approval of the pricing schedule. Further discussion ensued in regards to the brokerage commission. It was proposed to offer a 10% co-broker commission to be evenly split between the broker and the Research Park. The consensus of the Board was to proceed on this basis if no objections to payment of a real estate commission by the TCERDA are voiced after discussion of the commission option with the Board of County Commissioners (BOCC). The motion and second carried unanimously by voice vote to review Pricing Schedule at least every six months, adjust the pricing and seek BOCC approval for commission payment. The Architectural Guidelines were discussed and Mr. Jose Farinos proposed approval of changes made to page 1 and suggested changes to page 29 (3), 255.2575 Energy-Efficient and Sustainable Buildings, to replace St. Petersburg College with Indian River State College, replace other community colleges with the local university to provide training, and comply with Chapter 159 Florida Statutes. A motion was made by Dr. McGinn and seconded by Mr. Farinos to make the suggested changes. The motion and second carried unanimously by voice vote. Mr. DeVries updated the Board on the XE3 event and tours. There was discussion among the board members regarding the money originally earmarked for a rider to the insurance underwriter policy. A motion was made by Mr. Travis Murphy that the funds are reallocated for the go karts upon the condition the insurance is funded by another source. Mr. Perona seconded the motion. The motion and second carried unanimously by voice vote. - 2 - A budget spreadsheet was also provided in the Board’s packet. Mr. DeVries explained the budget was flat, the same operating/capital budget as last year. The County is having their Strategic Planning Session on thth Thursday and Friday, November 12 and 13 to discuss cost-cutting measures, etc. Mr. Farinos said the legislature turned down the Governor’s proposal to require 20% renewable energy by 2020 and Mr. DeVries asked the Board if they would entertain sending a letter to the Florida Delegation supporting the Renewable Portfolio Standard (RPS). Ms. Bachelor asked for the consensus of the Board. It was the consensus of the Board to send a letter supporting the RPS to the Florida Delegation. G. CHAIR’S REPORT Ms. Bachelor discussed the bylaws and suggested language be amended in accordance with state statutes. Currently, the bylaws state Board meetings are to be posted in the Port St. Lucie Courthouse. A motion was made by Mr. Perona and seconded by Mr. Farinos to delete the language of posting meetings in the Port St. Lucie Courthouse from the bylaws. The motion and second carried unanimously by voice vote. H. NEW BUSINESS/COMMITTEE REPORTS Mr. DeVries discussed the ground lease, sublease, and conceptual plan of development, stating the County has to review the TCERDA master sublease as a precondition of the current SLC/TCERDA Interlocal Agreement. A motion was made by Mr. Farinos and seconded by Mr. Matthes to submit the architectural study and ground sublease form to the County. The motion and second carried unanimously by voice vote. The next items of discussion were the Credit Application and Prospect Evaluation forms. A motion was made by Mr. Travis Murphy and seconded by Mr. Matthes to approve the Prospect Evaluation form. The motion and second carried unanimously by voice vote. Discussion ensued regarding the Credit Application. It was the consensus of the Board to table this item for further discussion. I. ANNOUNCEMENTS The next CDI and TCERDA Board meetings are scheduled for December 3, 2009. The second Biannual Joint Meeting between the TCERDA and the BOCC Boards is scheduled for December 14, 2009. It was suggested rdth by Ms. Bachelor the December 3 meetings be rescheduled to the morning of December 14. The Board rdth agreed to move the December 3 meetings to the morning of December 14; CDI at 10 am, TCERA at 11 am, lunch and lastly the joint meeting with the County at 1:00 pm. Ms. Bachelor reminded the Board there was a Commercial Real Estate Society meeting at 4:00 pm today, hosted by TCERDA and suggested the Board members plan to attend. Upon no further announcements or discussion, Ms. Jane Bachelor requested the meeting be adjourned. It was moved by Mr. Jose Farinos and seconded by Mr. Tom Perona to adjourn the meeting at 3:20 p.m. The motion and second carried unanimously by voice vote and Ms. Bachelor adjourned the meeting. Minutes submitted by: Anne Bowers The next TCERDA Board meeting is scheduled for December 14, 2009 at 11:00 a.m. in Room #219 West - 3 -