HomeMy WebLinkAboutbear pt.minutes.8.23.17
BEAR POINT MITIGATION BANK MANAGEMENT COMMITTEE
MINUTES
AUGUST 23, 2017 MEETING
Members Present: Glenn Henderson, Leslie Olson, Mark Satterlee, and Heather Young
Others Present: Freda Posin appeared by telephone
The meeting was called to order at 4:32 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 the May 17, 2017 meeting. Ms. Young made
a motion to approve the minutes as presented. Mr. Satterlee seconded the motion. The motion was approved
by a vote of 4-0.
The Committee discussed the Bi-annual Status Report which had previously been emailed to the
members on August 8, 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. Mr. Henderson thank Ms. Poison for her work on the
Report.
Mr. Henderson provided the Committee with a photo of the newly installed sign. A discussion of the
history of the site and its name followed.
Mr. Henderson provided an update on the key access program. A new lock has been installed and keys
are only being issued to authorized users in order to protect the integrity of the new roads. Walk on access is
still available.
Mr. Henderson reported that .10 State Credits had been debited from the State Ledger for the purchase
by Larry Winter.
Mr. Henderson reported that the Bank currently has the following credits available:
1. Federal Credits – 7.10
2. State Credits – 8.20
Mr. Henderson informed the Committee that the Bear Point budget currently has $641,172.04 in pooled
cash which includes the following interest allocations:
1. April 2017 - $164.40.
2. May 2017 - $744.17
3. June 2017 - $299.70
There being no further business, the meeting was adjourned at 4:43 p.m.