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BEAR POINT MITIGATION BANK MANAGEMENT COMMITTEE
MINUTES
MAY 25, 2016 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 4:33 p.m. by Mr. Henderson in the County Attorney’s Small
Conference Room, St. Lucie County Administration Annex Building, 2300 Virginia Avenue, Fort Pierce, Florida.
Following roll call, it was determined a quorum was present.
Mr. Henderson asked for a motion regarding the minutes of February 17, 2016 meeting. Ms. Olson made
a motion to approve the minutes as presented. Mr. Satterlee seconded the motion. The motion was approved
by a vote of 4-0.
Mr. Henderson reported on the annual exotic removal and maintenance. Three (3) quotes were solicited
for the work, and SE Soil was selected for the project. They completed the first semi-annual treatment in April.
The report was submitted and a copy provided to Hobe Sound Environmental.
Mr. Henderson provided a report of credit sales and reservations as follows:
A. FPL – Purchased 0.10 State Credits for the Indian River Aquatic Preserve Directional Bore to
meet the requirements of the DEP permit, but DEP had since determined the credits were not required.
Accordingly, the payment will be returned to FPL and the credits made available for future sales.
B. Tarpon Flats – Purchased 0.10 State Credits
C. Larry Winter – Reserved d 0.10 Dual Credits
D. Sands End – Reservation Agreement (.50 Dual Credits) extended through April 12, 2018. Ms.
Olson made a motion to confirm the extension. Mr. Satterlee seconded the motion. The motion was approved
by a vote of 4-0.
E. Tony Acerra – Reservation Agreement (.10 State Credits) extended through July 17, 2018. Ms.
Olson made a motion to confirm the extension. Mr. Satterlee seconded the motion. The motion was approved
by a vote of 4-0.
Ms. Young explained that staff has in the past prepared extensions for the County Administrator’s
approval based upon County Purchasing regulations which authorize the County Administrator to sign time
extensions. These extensions have not been brought to the Committee for approval given the limited meeting
schedule of the Committee. It was the consensus of the members to continue this practice, but to include the
information on future agendas for informational purposes.
Mr. Henderson reported that .10 State Credits had been deducted from the State Ledger for the
Zaunere purchase. There are currently 7.40 Federal Credits and 8.40 State Credits available.
Mr. Henderson informed the Committee that the Bear Point budget currently sits at $663,876.64 in
pooled cash. This represents an increase of approximately $7,000.00 due to interest income.
There being no further business, the meeting was adjourned at 4.39 p.m.