06.21.2022 Pasco Board of County Commissioners Meeting (Morning Session)

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good morning i'd like to call to order the pasco county board of county commission 10 a.m meeting of june 21st i think it's summer solstice 2022 at this time please silence all your electronic devices and mute your microphones please rise for the invocation and the pledge [Music] oh merciful creator your hand is open wide to satisfy the needs of every living creature make us thankful for your loving providence and grant that we remembering the account that we must one day give may be faithful stewards of your good gifts amen okay madam kirk please call the roll district one commissioner oakley here district two commissioner moore here district four commissioner fitzpatrick here district five commissioner mariano here district three chairman starkey here okay and uh now is the time for public comment citizens are given an opportunity to comment on any current or future agenda item coming before the board and on other business under the board's purview today's public comment will be handled as follows first we take public comment from those who are here in person then we will take public comment from those who are pre-registered for a webex link and are currently on cue not sure why we did that someone might be leaning against the light switch we'll have staff fix that um we request that when you address the board comments are not directed personally against a commissioner or team member but rather directed at the issues this provides mutual respect between board members and the public after stating your name and address for the clerk a three-minute timer will be activated after two minutes a single beep will indicate you have one minute left when your time is up two beeps will sound and you should close your comments webex participants will be disconnected automatically when their time is up madam clerk do we have anyone signed up for public comment we do we have pastor troy peterson followed by dixon phillips and that's the only two that have actually signed up okay please good morning good morning commissioners staff thank you for your time i really appreciate the opportunity to come and come and share a couple of quick things coming up we have three backpack giveaways through somebody cares pasco coming up one at newport richie harley-davidson july 9th the other in waterfront park on july 30th and then we're looking at doing an outreach in griffin park the following saturday also carefess uh thank you uh for the commissioners that have been involved with that and in the past that'll be coming up where the body of christ comes together with governing

authorities and we go tackle projects for the elderly and and stuff like that but today uh i was praying with a couple other pastors and uh i just felt that the lord was telling me i needed to share some scripture with you this morning uh found in john 17 17 sanctify them by your truth your word is truth as you sent me being jesus into the world also i have sent them into the world and for their sakes i sanctify myself that they also may be sanctified by truth how many here want truth we all want truth don't we and so our nation was founded on biblical principles in god we trust right and i believe wholeheartedly that if we truly want to see pascal great we've got to acknowledge jesus christ in the invocation and so i've come for a year now sharing truth with you the truth of god's word the only way to the father is to the son and what i would recommend and even to the attorney here if if somebody could reach out to me and we could get with my staff with somebody cares pastors and we can find out how we can lead in the invocation that way it's put on us it's our responsibility it's not yours and then we can come in and and pray for y'all because i believe wholeheartedly as we lift up the name of jesus okay and we ask for his wisdom his guidance his resources you know god is truly gonna bless pasco county thank you for your time thank you next followed by dixon phillips dixon phillips my address is protected good morning commissioners my name is dixon phillips i'm the district of representative for local 4420. today i'm going to talk to you about the scariest word in fire service cancer cancer is something that has affected my family directly my grandmother survived a very aggressive form of breast cancer and my mother is currently awaiting her final surgery after a double mastectomy so please don't mistake my passion for aggression when i speak on this subject cancer is the most dangerous threat to firefighter health and safety today from 2002 to 2019 cancer caused 66 percent of firefighter line of duty deaths firefighters have a 14 higher risk of dying from cancer than the general u.s population and pasco county fire rescues without a doubt an industry leader when it comes to cancer prevention we've dedicated millions of dollars to the firefighter decontamination program but this packet i hold in my hand right here tells a different story in 2019 the state of florida passed state statute 112.1816 which is also known as the cancer presumption bill this bill covers firefighters who have

served as a firefighter for more than five years if they develop 21 different forms of cancer this statute entitles a firefighter diagnosed with cancer full reimbursement of any out-of-pocket costs and provides them a one-time cash payout of 25 000 upon the initial diagnosis but a member of our iff local 4420 has been denied his statutory right by the county that this board governs this member was diagnosed with invasive skin cancer over a year and a half ago and our union has contended with this county persistently and in good faith to get our member his benefits but to no avail this member has served as citizens of this county as a firefighter for more than 20 years he's revived dead children he has saved your husbands your wives your neighbors he has made more sacrifices to the citizens of this county than all of you combined and due to his dedication and service to this county a street was even named after him in wesley chapel but all the years served and all the people he's helped save don't mean a thing to any of you if you don't do what is right this member has a qualifying diagnosis as stated in his pathology report the validity of his claim has never been questioned this county just doesn't believe the invasive skin cancer is worthy of acknowledgement this became even more apparent when the county that this board governs filed a challenge against the constitutionality of the cancer presumption bill cancer patients are already in the biggest fight of their life and now they have to fight you too how dare you this is not just an attack on every firefighter in pasco county it's an attack on every firefighter in the state of florida the argument the county is making to avoid following its statutory obligation is that the term invasive skin cancer is unconstitutionally vague a simple google search will tell you the term invasive skin cancer has a very specific definition another one of our members was diagnosed with glioblastoma brain cancer he was fortunate to receive his 25 000 benefit but do you know what he did with that money he purchased a small piece of land the dimensions are 10 feet by 10 feet it's a place where his family will always be able to love him talk to him and remember his ultimate sacrifice to this county the cancer presumption bill was championed by florida republican party leader senator ed hooper cfo jimmy petronis and governor ron desantis choose the wrong side of this justice issue and you will lose in the courtroom you will lose in the eyes of public and you will lose at the polls you cannot clap in the boardroom [Applause] okay all right is there anyone else who wishes to speak to the board here in the room okay um madam clerk do we have anyone online who wishes to address the board we had one person registered to talk but

um he did inform us that he is not going to be present okay so uh we will move on to the pulled items oh no now we have resolutions madam chair yeah can we address this issue real quick sure folks before you leave firefighters hang on for a minute you know commissioner fitzpatrick brought up the last meeting that we're going to look at this issue and we scheduled a meeting for it since that time i've got more information and i'm going to say that i think this board should be directing instead of hiring our attorney to come back in together let's settle this thing let's pay the man and get on with business second [Applause] um go ahead county attorney it's up to the board whether or not they they wish to to direct me to to direct outside counsel to settle i i think i think you've got i mean you the problem that with this case is that you you're the law really is unconstitutionally vague in terms of the what this really is was designed to mean um i but if you wish to i mean if you wish to settle this case you can um i you know when i hit when it when a lawsuit comes in my office is bound to defend you um and in this case we referred it to outside counsel because it because it was a personal labor issue so we normally commissioner fitzpatrick when we have a lawsuit we go into um what's it called a litigation assessment a little litigation assessment meeting and i know you haven't been in one yet but um that's normally where we discuss lawsuits so we have we have it coming up i would urge the board to listen to what you're outside so we just we just need to follow the process and um but you have a motion with well we have a motion in a second but we do discuss litigation in a litigation assessment meeting and i'm not sure we want to throw that procedure out madam chair before we answer any of this we should listen to outside counsel before we make it i mean i don't i don't have enough information so i'm sure yes would the county attorney please explain what the liability is for the county right now that's not you can't start you look if i could this is an issue that it was explained to me in a certain way the more information i've got with it very clearly say that the intent of the legislative was to take care of these guys

especially one serve for 20 years the list that was on there was very specific it wasn't a broad-based thing we we can capture it um i think for the will of a fireman the liability that we face we're going to pay all the medical bills that he's got we're going to give him 25 grand in addition is there's anything more that mr county attorney you're already he's already an insurer he's insured he's getting paid so what are we looking at 25 grand yes please i'm i'm not willing to discuss i just i just want to hear from here i think it's a very bad practice this is the difference diagnosed with number seven out of 21 on the list of diet commissioner oakley i don't think we can discuss this now i think we have to do it with that outside attorney before we make decisions like you're asking us to um it's a very important issue and i care about every every firefighter we got and every citizen we have and but we need to do the right thing we need to listen to outside counsel and and be able to discuss those issues with him so i'm here yeah i also have the time invasive skin cancer i got it right there on my nose so i i understand um but we really shouldn't start breaking the precedence of discussing this here and not in our litigation assessment meeting so for only for that purpose i'm going to be voting no on that motion but we will be discussing it i'm administrator and i don't want to put anyone in the position to you are but i want to have the discussion on it though because we should be that with outside yeah but if i get an outside counsel that is delayed because they can't get here and and just to to to clear the matter i just want to say what the statute says is we pay the medical bills which we've done anyway is that right mr county attorney that's my understanding i'm going to direct the county attorney to not discuss any litigation matters here nothing because that is not what we do the different scenario it's a very important discussion but we don't discuss it here for reasons commissioner moore well okay be the mediator for a second here why don't we bring this back right after the break each when you take five minutes or ten minutes if you need to talk to the county attorney make sure you understand everything what's going on let's bring it back to a vote at 1 30. all right we get with that's happy media instead of waiting two weeks or three weeks or four weeks to talk to outside counsel have a discussion with the county attorney during break we have an hour and a half we can all find the time to do it 1 30 we bring it back we

vote on it then excellent okay thank you so i need you to take back your motion withdraw the motion for now we'll bring it back after the break all right thank you um where uh where are we on rs1 um if anyone is here for the uh general federation of women's club in lutzlander lakes please step up to the podium thank you this club has a long history yes they do all right i'm going to go ahead and read the resolution resolution number 22-156 a resolution by the board of county commissioners of pasco county florida commending the general federation of women's club loot slander lakes women's club for 62 years of dedicated service to the residents of pasco county whereas the general federation of women's club gfwc is one of the world's largest and oldest non-partisan non-denominational women's volunteer service organizations and whereas the gfwc loots landed lakes women's club is and its approximate 100 member volunteers their time to improve homes and communities to make better places to live work and play and whereas the gfwc loots lander lakes women's club was founded in march 4th 1960 with mrs dottie wasden serving as the first club president the club chose the motto served today for a better tomorrow to emphasize their hope that they could build a better future for the community through volunteer work and whereas the club focuses on five areas for community service projects arts and culture civic engagement environment education and libraries and health and wellness club also has a signature program on domestic violence prevention and awareness and whereas recently club members have volunteered their time to serve food at a senior center to raise funds to benefit the residents of balderamo lopez state veterans nursing home and to participate in american cancer society's relay for life event andres i couldn't hear what you said sorry about that that's funny and rest since founded 62 years ago club members have donated over 1.5 million hours of volunteer service and raised almost 3 million to benefit the lutz and landa lakes communities and res in 2021 the gfwc loots lando lakes women's club completed 421 projects volunteered a total of and 29 five hours and raised a total of a hundred and nine thousand four hundred and fifty nine dollars now therefore be it resolved by the board of county commissioners of paso county florida that said board hereby commends the general federation of women's club flutes lando lakes women's club for 62 years of dedicated service to the residents of pasco county done and resolved in regular session with a

quorum president and voting this 21st day of june 2022. over approval second all in favor aye aye opposed very good commissioner moore oh thank you madam chair welcome i know we've been trying to do this for what about a year and a half maybe longer i think so but thank you all for your service to the community i've had the pleasure of um participating in the parade on multiple occasions that you guys helped obviously put on but you do so much for the community and it's again like i said it's so greatly appreciated um the time and effort you put into all these projects you make that you make pasco county in the whole tampa bay region much better than it was so thank each and every one of you thank you commissioner moore and thank you all for acknowledging what we have i've tried to accomplish over the last 62 years to make our um community a better place to live and to work we appreciate it thank you so much thank you thank you it's great seeing you all and we're going to come down yep if you guys are good with it we'll take a photo thank you good to see you thank you so much as well so i will um here i'll put these behind us for a second we'll take a photograph here you move in the middle we'll go on the outside there we go and we'll out of the road let's look at this camera first yep thank you all so much congratulations thank you again cheers okay all right r s two okay all right if you are here for pasco county elementary students um receiving their respective grade levels in 11th 12th and 13th please come up regarding water awareness poster contest some good looking trophies all right i'm going to go ahead and read the resolution first resolution number 22-155 a resolution by the board of county commissioners of pasco county florida recognizing and commending pasco county elementary students receiving first place for their respective grade levels in the 11th 12th and 13th annual water awareness poster contest whereas clean safe and sustainable water resources are vital to pasco county's economy environment and citizens and whereas we strive to protect and preserve our water supply by educating our citizens and taking action to concern cur conserve and recycle water and whereas every year paso county elementary school students are given the opportunity with the assistance of dedicated pasco county teachers to explore stem or maybe steam science technology engineering arts and math based tech based teaching materials that

expand their knowledge of water related topics through artistic expression and whereas the water awareness poster contest is an annual opportunity for students to apply their newly gained knowledge and their artistic skills and whereas the water awareness poster contest was developed jointly by pasco county utilities and the florida governmental utility authority fgua with the support of the paso county school board as a champion for the education of water conservation and res during the annual water awareness poster contest approximately 1 hundred posters are submitted nearly nineteen thousand entries have been submitted from pasco county students since the program's inception and as this year the winning posters were selected by a judging panel that included representatives from the pasco county board of county commissioners offices paso county utilities and fgua and community sponsors from each year's program and whereas the posters chosen displayed exceptional artistic merit creativity and clarity of marriage representative of students at various levels of learning from kindergarten to fifth grade now therefore be it resolved by the board of county commissioners of pasco county florida that said board hereby thanks participating students and teachers for their dedication in promoting water awareness and congratulates first place recipients helena is it burro cass did i get that okay um mckenzie coleman jonella morgan jackson sandel isabella mo maloyni sorry mackenzie meisenbach joshua vega ava evans uh willen willins sorry i don't know how to pronounce that name hernandez vasquez isabella garcia sophia heller o quiendo avery haynes jaden chavez anderson f hazel crowe mark uh mariska i think that's that mariska jarby uh payton burton and an additional student whose name is withheld by request for their outstanding achievement dinner resolved in regular session with the quorum present and voting this 21st day of june 2022. so sorry for the mispronunciation of names i'm sure i did that that's fine second all in favor aye opposed well congratulations um we love this tradition and we'd love for all of you to speak to us about your poster and for fgua to speak about this contest if you've been there yeah tell us your name hi i'm janella morgan and i think that the poster was really hard but i got through it

what what we don't have a picture of your poster right so what what does it look like can you describe it it was a water poster of like evaporation and water and about the cycle of the rain nice and what school do you go to cypress elementary school and what grade are you in um i'm going to fifth now rising fifth grader the leader of the school well congratulations how about how about your two uh fellow students there if somebody just if you bend the end of the mic just the end of it just the end of it grab the end there you go hi i'm hazel crow and my poster was a heart earth with stormy clouds lightning bolts raindrops and well it sounds beautiful i hope someone will send us dude have we been sent photos of these and i missed it are they hanging where are they hanging right here oh good well i will go look at your posters and i'll know which one is both of yours and what school do you go to seven springs elementary school and what grade are you in third third grade rising third you're in third grade next year you're going to fourth grade very good my kids went to seven springs elementary and and who are you young man um i'm anderson friedman my poster was about um dirty water and um nice and clean water and it had lightning and storms very nice and what school do you go to countryside montessori okay well thank you so much for participating in the in the contest we're uh very happy to have you here this morning and the parents too do you want to speak to the contest at all yeah anyone whoever assistant hi commissioners matthew reese community services manager for fgua we want to thank you for your continued support of our program this has been 13 years as in the program it has been amazing to watch students basically for almost two cycles of elementary school kids go through this program participating in this we want to just you know see the great work the posters were done as we did say the the posters are out here in the atrium area so feel free to look at them we also have the display board and uh the posters are also the winning posters are on our website at watercontest.org so feel free to to check those out as well wonderful all right i have a whole stack of resolutions for you guys some board members let's go down and hand these out you have a lot of people should we stay up when you go down okay you can uh just stand up behind me

you have a lot down there hold it like that for the photos these are very official let me get behind you here i have a cough drop over here yeah thank you three weeks right here please perfect [Applause] [Music] is all right so now we are on to the concept agenda and i have two two polls i have c28 by mike carbala pulling revised i have c 54 by louise anderson pulling revised board members anything else you want to pull off the list okay i'll take a motion for the consent agenda all in favor aye opposed thank you okay c-28 good morning mike carbala system county administrator public infrastructure on item c28 the not to exceed contract amount was adjusted that's been highlighted and redistributed for your perusal and approval move approval to changes second all in favor aye opposed thank you and c-54 good morning christina cordon assistant director parks recreation and natural resources on c54 under um the recommended board action the second paragraph it's to update the amount of instead of uh 219 528 to 279 thousand five hundred twenty eight move proven second all in favor aye opposed thank you very much we are zipping through all right we are on to the regular agenda we have um r58 now that's 11 30 times certain yes ma'am so we'll do r59 good morning david engel economic growth director slides up please this is a cooperative economic development agreement for additional development at the i-75 state road 52 area district the property in question is located on the northeastern corner and it's bounded by county roadway called pasco road the property is 218 acres originally the property was smaller but the developer has acquired an additional 56 acres to the north to accommodate a larger building footprint the developer is bringing forth a built to suit distribution center 1 million 392 000 square feet and the developer estimates the the building and and land development improvements will total 205 million dollars and the equipment in the building will be approximately 100 million dollars there is discussion of putting in a 500 000 square foot mezzanine bringing the build-a-suit building up to approximately 1.9 million square feet in

floor area the developers data that they've provided us says that the build-a-suit would create approximately two 2 400 full-time jobs this is a footprint of the building as depicted by developers preliminary plans just to give you an idea idea what it's all about i mean it's basically two football fields and floor area oh i just wanted to go back um i can't do that okay can we just go back you pull me back just to that i just wanted to make so to the south that's the eudarco one pasco center development just to give you an orientation i just wanted to do that the project will necessitate to accommodate the larger building and future development to the north 9.9 million dollars in road improvements the developers requested 6.3 million dollars in assistance based on probable probable costs that are in exhibit in the economic incentive agreement and we're proposing to pay the developer back in at valorum taxes over 20 years which will amount to 33 percent of the tax flow that goes into the general fund in the event that the project with the build to suit does not come to fruition the developer will default back to the original entitlement of 1 million 150 000 square feet it's still a very cost effective proposition for the county because the incentive comes in at a minimum at five dollars and fifty cents a square foot versus the other spec buildings that we've done in the past which range from nine dollars and sixty cents a square foot to ten dollars the general fund projected revenue over the 20-year period will be 19.1 million dollars so when you net out the 6.3 million dollar ad valorem assistance the the general fund will capture at least 12.8 million dollars in revenue and this this land is in ag now so it'll go right on the tax roll once complete the end the annual gross county product contribution is 282 million and again the job creation and without any user incentives which could be coming forth we don't know the the current return on investment is one dollar gives us 195 dollars and i would just i would just add that this is a completely performance-based deal the developer can't get any money it goes into escrow until we hit that 1 million 150 000 square feet and then to receive any funds they have to submit invoices and billing that relate primarily to the road improvements and no money is released until the road infrastructure is completed as described in the exhibits and i'd like to um introduce mr clark hobby who's representing the developer today he may have some additional

comments and tom ryan is here from the edc if you have any questions of him thank you commissioners clark hobby hobby and hobby pa 109 north breast street tampa florida happy to be here today this is an exciting project i can't talk about the end user here but the project's being designed and will be constructed for a major regional distribution center that will include a significant number of jobs and and and just so the board is aware if for some reason the end user went away on this project no money will be advanced unless the my client the developer goes out and builds this enormous building anyway so it's a huge net benefit to the county even if the end user didn't come but i'm happy to say that my client is so confident in the deal happening that we're planning on starting construction in late august to early september there's been a lot of work that's going on in the background and most of which i can't speak about and i just want to say my clients flight got delayed this morning they'll be here for the afternoon and they were very sorry to say they couldn't make the meeting this morning but they really appreciate the county being a partner and just the last thing to remind you my client in this deal is north point development out of kansas city they are the largest privately held light industrial developer in north america and so for us getting someone in there who's willing to do a project like this hopefully is going to lead to a lot more projects with north point and we're really excited about having them here so appreciate your assistance thank you i do have a question but did anyone else i don't have a question but i'm glad to see this project coming forward we've been talking about it for seems like a long time but uh district one and east pasco is starting to grow more and more with one past i mean pasco town center and then this project too so a lot of great things happening a lot of jobs being created for our citizens over in east basket i just can't tell you and commissioner oakley knows this as well as i do coming up from what was really a factory town in dade city to see the opportunity for this kind of job creation i mean this building is almost a half mile wide my client's going to build the building half mile wide so this is a big deal um commissioner mariana thank you madam chair and clark one of the things we talked about is it's a lot of executive officers going to be there as well right that'll be supporting so it's not just the distribution it's the high level stuff too uh i want to thank you for what you're doing um the project you brought us down at overpass park you brought the user in for that one too and

i hope to get with you maybe on the hicks road project that dave and i are working on as well to work on that industrial park maybe maybe some opportunity for him he's a little smaller scale but i appreciate it i know david goldstein was kind of poking fun of me he and i were emailing one day but again coming from dade city and it had such a huge employment base it really made a wonderful town a lot of middle-income earning opportunities and so for me the jobs are really key to creating a community so that's why i'm so passionate about it so i'm just super excited to be here today appreciate that um so uh do you mind putting a map back up you know my question because this is a little different than the maps that clark and i have been talking about because if you look to the left you'll see the underpass for the orange belt trail but that corridor is not reflected on this map so it's just an artist's rendering it has nothing to do with the land development matter which will be on the board's agenda this afternoon okay i just want to make sure i was just going through my stuff just to be sure but uh i will call that out whenever i can um but board members that's the underpass we got dot to put back in when they redid the 72 75 52 intersection they had taken that out okay thank you very exciting the office of economic growth recommends approval of this item thank you and um and let me say that amscales is gearing up for robotics training we have sent someone to get lots of certifications in uh teaching a robotics training so um we are ready to help okay so it's in your um it's in my district yeah do we need is it a motion or is there no action nope we need a recognition on this or not yes you got to make a motion to approve it yeah i move approval second all in favor aye aye thank you great very exciting and we'll see you this afternoon okay next we have um our 60. right good morning justin grant director public infrastructure fiscal and business administration there is a revision for this item ut220396 attachment 6 has been replaced and distributed to the clerk and board members prior to the meeting ut 2203 96 is closing documents for acquisition of the lyndrick utility system assignment and assumption of easements assignment assumption of service agreements assignment assumption permits and governmental approvals assignment assumption of construction contracts between pasco county and and the florida government utility

authority general closing certificate of pasco county florida directions to the trustee relating to fund transfers and escrow closing agreement by and among pasco county florida and the florida government utility authority and neighbors giblin and nickerson pa 24 million all right pasco pasco's in our local agreement with the fga dated march 2 of 2008 allows the county to purchase fga systems from the fga within the county boundaries back in february of 2019 resolution 19-101 the board announced its intent to acquire the pasco aqua and lyndrick systems from the florida government utility authority known as the fgua then in july of 2020 pasco county successfully acquired the first of those two systems the pasco aqua system then in january of 2022 we conducted a public interest hearing transition agreement and acquisition resolution number 22063 to authorize the use of 24 million of american rescue plan act arpa grant funds for the acquisition of the lyndrick utility system allendric utility system is currently owned by f2a when they took over in 2010. it's located in the southwest corner of the county near the city of newport richie it serves approximately 3200 water customers and 2700 wastewater customers and covers the square mileage service area square mileage of around three and a quarter square miles at six permitted wells 17 lift stations and over 550 manholes this transaction is expected to close on june 30th to 2022 with the official ownership transferring to the county on july 1st this will include all the utility assets liabilities properties and easements linger customers will be fully transitioned to county rates effective july 1st and it's notable that there'll be an average of nearly 42 percent reduction in the average monthly bill for those customers also notable back in october of 2021 pasco county received uh 3.8 million dollars from fdep for the lyndrick area sewer system and water quality upgrades the fga and pasco county have been working diligently on this grant and approximately 55 percent of the work has been completed upon transition pasco county will complete the remaining work associated with the grant summary recommendations associated with this item is to approve the closing documents including assignments and assumptions general closing certificate the directions to the trustee and the escrow closing agreement furthermore authorized 24 million for payment for acquisition at the electric utility system pursuant to the terms and conditions outlined in the agreement march 20 2008. pasco county will use any remainder towards the first year plan capital improvements and renewal and replacement projects final steps as stated in the memo before you is to approve staff's recommendations authorize the chairman

officers and attorneys of the county to execute any revisions that may be required by the transition agreement or otherwise facilitate the closing and request the clerk to approve and execute the clerk's certificate regarding the resolution and transition agreement hey board members yes ma'am chairman um i said i want to i want to say john you've done a phenomenal job mike with the team to to make this happen has been a major major achievement it's the second f2a property we've got and from the utility water problems we had from many many years ago between bad water quality bad service uh the f2a was the chosen role that the board had picked to step into but getting these systems into the county system is so much better i mean that 41 reduction in rates is is phenomenal the better of consolidation with the uh helping with density of these projects getting closer and closer is good for us to see you guys pull off this one as well and commissioner starkey your diligent work up in tallahassee helped take a lot of the funding pressure off the whole system so i want to congratulate the board correctly you guys for for bringing this thing forward thank you they've been uh working in the neighborhood sleeving all the uh leaking pipes since i don't know maybe for six months now i think we started earlier this spring but see the trucks at every day um when will so right now we're on those wells the lender system is out there still is on the wells when will when do you anticipate it being able to be the county water so there is a five-year capital plan built into this acquisition and switching those those wells off and pushing us to regional supply is part of that i can have the team give a more detailed briefing on what the capital implementation plan is right now we want to make sure that the highest liability items i.e the sewage and those issues are taken care of first but it is part of the plan so do we have um any uh threat of salt water intrusion since we're on the coastline over there with wells i'm not familiar with with exactly what the water quality issues are with the wells but needless to say we we need to get off coastal wells and switch to regional supply okay all right thank you 40 42 that's just huge approval second all in favor aye thank you very much okay so we have an 11 30 time certain so we'll go to we can go to board member comments 61. oh we have another one

did i miss that oh sorry r61 okay interim county administrator so um we started having this discussion at the last meeting and um commissioner moore was not here so i felt it was appropriate that we have this discussion when all the board members are here they tied me down and said [Laughter] so um you know we have uh choices here and go ahead give mr oakley uh last time i'd made a motion for an interim administrator and and by waiting i've thought more about it um if i was doing this in my business and it was a vice president something that that left my business and i had someone interim to be put in that position i wouldn't put him in there as an intern i'd put him in a position and go forward and be a smooth transition and so i'd like to and we can discuss this i won't wait make a motion yet but i would like to make that to where it's not an interim it's a position foreign madam chair uh commission mariano so and i've had much much time to think about it and i've kind of evolved because my first thoughts were we're going to do national search get the best candidate for weekend for the county um and you know i know we had two really strong guys who were thinking about it and one a little bit stronger than the stronger the as far as don't wanting to do it either one could do it but i will say that after my meetings even just the budget meeting i had yesterday just really solidified it sitting down and talked at a was sitting down with mike uh eric and bob and just going through what was coming up i'm going you know we've built a really strong team it's great when you can build a great group and you can promote from right within and i will tell you uh i don't think there's been a better person suited to take over the county administrative job than mike carbell than anyone i've ever seen he's really diligent the fga thing we just put through we gave him that heavy rock to carry and he carried that thing across the finish line again his team was as far as with storm water you look at the satisfaction of the west side to the east side and central the west side's been struggling but if you look at the things that he's done with his approval with his team with stormwater stormwater is ranked like 95 percent 96 that's phenomenal but that took leadership and dedication to listening to us to get these things done so i'm going to i'm going to back your motion up commissioner oakley if when you when you make it as far as to back

at mike up because i think he's ready for the job and i think the county would be so much better served with the jail we get coming up we've got to take over all the things going on that i i think you're right he's it's it's a great move to make that next very smooth i i think i think he's seen this county i think it'd be seamless mr moore thank you madam chair whoa having uh microphone problems today yeah no i i i i don't disagree you know when we're talking about if we're going in a room first you know obviously mike caballo i think would be a great fit for the team and and we've had the you know opportunity to have many conversations on this um during scheduled meetings obviously very competent and obviously understands the county lives in the county knows the county very well and i have all the confidence in the world in them um you know i i want to see this county obviously continue to move forward and and and do well and and um succeed you know i'm only going to be here for another what four four or five months i can't something like that you could change your mind okay we'll be a little it's a little late i think i missed that opportunity last week yeah but um no i think he'd be excel at this position and like i said um i don't disagree one bit again you know obviously um as an entire board um especially some of you that are obviously going to be here longer than myself um have to um you know obviously i want to take your comments into consideration before we vote um but i don't disagree um that i mean definitely should it be interim and i and i have and i do have um confidence that it could be permanent as well i think it's just how you decide if you how you want to structure something like that commercial i think he would be i think he would be a great asset to the county and whether it was an interim for the first few months and then move forward and again i think he was a great asset and a good choice thank you so um i also think mike is very very capable and and i've talked with people who work with him in other agencies and they find him very capable as well i i have mixed emotions because i think um i think sometimes it's good to hear what other people's ideas are in in other places i i've had the opportunity to live around the world and

i learned something in every place i've ever lived and um so i guess i can go either way um [Music] i know sometimes when you do a a national search you don't know what you don't know what you're going to get i know we've we've interviewed some some people that probably weren't right for our county but we did find someone like dan biles um so i'm i'm i think mike can do a great job but i also think it's good to uh to hear what others have to offer and bright ideas from other really um prime areas that i think we could attract from so go ahead commissioner oakley okay um and when we first started looking and we started discussing eric was also in that mix and i think before the last meeting i heard eric decided that maybe he wasn't quite ready but both of them are very qualified people and i i appreciate both of them very much and just want that to be heard because before i spoke last time i didn't say much about eric but had reached out about mike but i had heard before the meeting that eric had decided he wasn't quite ready so i appreciate that i think that helps all of us know that and i think he's a great member of the staff and for taking on detention and other things that matter he's he's got a very big job to do so and he knows that so but with that i would like to make a motion to appoint mike caballa as our new administrator for pasco county second madam chairman yes if you've already got an administrator on contract through october 1st oh while a contract could be structured in such a way that mike can take over unless you're trying to terminate mr pyles which i don't think you are um i didn't try to do that i thought he did that himself but but he's not right there he's probably less than this i think if i will structure my motion to mean that he would be in the ministry taking over after mr bile's contract mike would be interim until mr bile's contract elapses and we can at this we can begin contract negotiations with with mike with mike with well you can begin contract negotiations with mike right away right okay to take over on october 1st right there you go okay that's that's my motion so you're so correctly then your motion is to currently appoint um mike caballa starting on july when is mr biles leaving

a point september okay we're going to need somebody's vacation we're going to need somebody in that role starting july 31st 31st okay but he's still the administrator until when how does that work because he's taking number three so do we say september 30th no it's okay to say i think it's correct mike would be the interim he's gonna be at the time at the time that dan leaves the building leaves the building right first and then but would but then would would become the county administrator on october 1st which was the day after the mr biles okay yep because no matter what yeah because mr biles would have to appoint an acting county administrator um while he was right gone anyway so let's if he took a two-month leave he's gonna have to appoint somebody as acting as he's done today for example right all right cool we gotta you got a second man okay wait a second they're good with the secondary okay any more discussion okay all in favor aye opposed all righty has that ever happened before well man i'm sure i think you know and i appreciate and i appreciate the motion and commissioner oakley bringing this up and i appreciate commissioner oakley waiting until i came today to this meeting thank you thank you thank you thank you so very much but if you look at if you look at a lot of you know and i've said this on many occasions that everybody agrees with me and that's okay but i look at pasco county it's it's it's a very large corporation it's it's a large company yeah we're the you know we're the board of directors and all our constituents are our shareholders and the shareholders decide who the board of directors are and the board of directors decide who leads and who our ceo is right if you look at companies obviously you know throughout time people groom their replacements you know it doesn't the board doesn't always go out to a national search we see it constantly you saw it not too long ago if i'm not correct in hillsborough county where the um quote cfo was actually bumped up to um to be the county administrator there as well so it is not as uncommon as we may think um especially the corporate world um they did but they knew who they wanted the whole time let's be honest you know that's listen why put through that's what i think why put people through that why put people outside people through a process when we know who we want you know it's saving the time it's not fair to them either so

good decision and madam chair yep and i would like to also state that it's very easily it it's it's very easy to speak with him he has great communication skills he's respectful he has ethical values and integrity so i would like to say thank you let me continue you know when first thought you know eric was a contender mike was a contender and eric i support you 100 know when you want to spend more time with your family while you're thought not that you're not ready for it just like you don't want to miss that family time that you may take with the administrative position but but literally watching you and mike together with bob goering yesterday was like we got a great team we got a great leadership here we can keep this thing rolling greatest will go going right now without skipping a beat so you're being there and then knowing that you still want to stay here and put a long career in work with mike together side by side we're thrilled so thank you all right so um board members um like you to authorize me to work with um staff to negotiate an employment contract okay all right does that does that take a motion we've got a motion okay all in favor aye opposed okay that was smooth congratulations again all right um we are on to board member items commissioner oakley wasn't expecting that wasn't he well i had something no i don't remember what it was can't turn back in well i do have one thing very particular to bring up um our last board meeting which i didn't hear of until after the board meeting that night that we had lost c.w young a past commissioner for district 1. spent 20 years 1980 to 2000 as a county commissioner she actually loved the citizens of pasco county she loved dade city she loved pasco county she loved darby she loves her love of her family so we we went through a process trying to get the flags lowered and we can't just do that on our own it has to go through the governor's office and prior to that happening last thursday at her memorial we lowered those flags at half mask and uh commissioner starkey got a letter from the governor and also a letter went out also to the mayor of dade city that the flags could be lord for that particular day in that memorial so we're very appreciative all that went into getting that done and uh we owe a lot to her previous to all of us

uh the work she did for pasco county and got to be really thankful for for her and her family so that's that's it that's all i have today thank you commissioner thank you madam chair so since i was not here last meeting i have a little more than normal um first thing i would like to say is thank you for passing c3 this morning that's the resolution a sponsor for recognized former speaker will weatherford obviously we know he did an incredible job for password county i wanted to make sure he was recognized with this board um anything from the ipac to pastor hernandez state college the extension of 56 all the way to 301 he did so much for this community in this in the state of florida we wanted to recognize him unfortunately as we know you know former speaker weatherford in his new role he travels quite often so um it's it's hard to be able to him to lock himself down which is understandable right he does uh travel on a regular basis so thank you for that i will make sure he gets that on on the commission's behalf i think we have a couple photos here i am had the uh opportunity on may 24th to be the keynote speaker the pepin academy's graduation ceremony um 38 graduates with parents of family and faculty and staff that were in attendance it was definitely a wonderful very emotional evening at the same time as many of you have had the opportunity on numerous occasions from colleges to high schools to be able to speak at um graduation ceremonies or get the keynote address and i will say this is definitely the most uh emotional one i ever spoke at by far so um you know congratulations to everybody and all those graduates and to their families because it's their families as well that work very hard to help their students get through graduation um we talked about fire a little bit this morning but i'm sure everybody saw hopefully that you saw that there was actually a really nice feature in the fire apparatus magazine on pasco county's fire rescue mobile decon unit and mobile rehab unit so it was a great article if you haven't seen it check it out um you know we had the ability to have you know up to six firefighters on ekgs at once so it's really cutting edge things that this county is investing in so again congratulations to chief cass and for and his team for being highlighted um next thing i want to talk about is um we have a towing resolution for the for the tow companies as you're as you're aware um we know the with the price of gas and inflation is ridiculous and unfortunately it's only going to continue to increase um so my understanding is that i had a conversation with um mr steinstein our county attorney as well there's nothing under the current

resolution that allows us to charge for fuel additional fuel for those fuel companies um it's really hurting those companies as i think you heard me talk in the past even my long guy is having to increase his rates just to cover the fuel unfortunate but it's it's a fact of the matter until our federal government steps up and actually does something about it um so what i'd like to do is um make a motion to um to um ask the county attorney's office which i like i mentioned i had a discussion earlier with him about to bring back a resolution to the at the next meeting um to a proposal for um to increase the surcharge based on the cost of fuel um from the u.s on the highway diesel price it's posted weekly by the united states energy information administration so it would scale it would scale with a price of fuel so that way they're not losing money and we don't have citizens that are sitting on the side of the road not be able to get picked up because nobody wants to pick them up because nobody wants to do business in the area so um surcharge it would only be in a certain circumstances and would not apply when um that extra fuel is not needed so i don't know if we want discussion or i could just continue with the motion or mr steiner wants to jump in at all i think i have this correct um well your the ordinance and this resolution only apply to non-consensual towing right so it wouldn't they it's still free market as far as people getting toes if they're stranded on the side of the road um but yeah it it affects the the sheriff's rotation it basically it's it's accident cases that sort of thing where the the vehicles are immobilized typically the insurance companies do as we know if you have insurance or triple a or something like that does pick up the cost of that tow at least up to a certain amount but it would scale with the price of fuel um and if the diesel drops below three dollars whatever the the charge charge would actually go away entirely so if it drops back down to prices it was you know a year ago the surcharge would go away so you may have a problem with us bringing that back next meeting no okay and that would affect the mileage rate correct it yes correct yes that's correct the rest of the rates would stay the same but it would there be a fuel adjustment on the on the mileage correct that we've got okay and i will send you additional

information i have as well all right so there's my motion think of a second exactly all in favor all right and the last thing i have and this is really just a discussion um [Applause] i did talk briefly with mr steinsteiner on this so he's still his him and his office are still doing some research on this but i just want to get a feel from the uh my fellow commissioners we're talking about fuel prices um if you go to the pump any time you realize i think i paid 517 for regular yesterday it was 517 and i'd never put regular truck yeah really i do now [Laughter] i do now so as we know the um state during last session they actually did a um gas tax holiday they're looking in october and let me explain why they did october because i think there's some there's misconceptions of why they did october um obviously tourism's big during the summer months um and a lot of our winter visitors start coming you know late october early november so the thought was the legislators mine and the governor's mind was okay this is the october is a perfect time because it's going to benefit the citizens of our state of florida more so than anybody else so i wanted to get a feeling for um my fellow board members um if you would be interested in entertaining um a sales tax holiday in pasco county in the month of september and i use september because again we're state's already doing october if we did september it'd be some extra relief and a little sooner than october but it's still the same situation whereas you know kids are back in school people aren't traveling as much our winter visitors aren't here so it's going to mostly benefit the citizens of passover county we do know if we do this that some people will come over the border from hillsborough or from pinellas to you know save a few bucks but i want to get a feel again if there's any interest on what your thoughts are now there's one caveat that we don't know the answer to yet so we can't make a decision today on this we'd have to come back is that um mr steinsteiner has to look and see if there's if the our gas tax is tied to any bonds because if it is tied to any bonds that we wouldn't be able to do it so we're pretty sure that the the second five cents has been bonded i have not been able to verify what the first five cents is and you're going to need an ordinance amendment to do this as well okay so we have it's 12 currently as a total five and five and then the one and one is um [Music]

i forgot what they want there's one that's part of the 12 and another one that's part of the 12. um anyways it doesn't matter so obviously you couldn't so we couldn't do it for the second because that's bonded we'd have to research and see the five so does that um impact any work that we were doing it would definitely do impact in the future it would it would it would just like the states you know it's gonna it will have an impact on you know on in the future so that's what you have to weigh okay do we think we want to give relief now to some of our citizens as much as we can obviously it's not going to you know do much for somebody if they don't commute back and forth to work much if they're only going a couple miles but for the people that you know use five ten gallons a day and that you know it could save them 30 40 bucks a week or something like that and then they'll have a have a bigger impact you know especially people that again like i mentioned you know travel for for work um you know if you're somebody that travels from wesley chapel to newport richie for county commission meetings um i'm just teasing but you know that's that's a long way right so if you did on a consistent basis i'm using it as an example that's that's high mileage on a vehicle so that those people would benefit um any you know again thought is any type of relief might be able to give the citizens unfortunately our federal government doesn't seem to be working very hard to give us any relief so there's there's a program at t barter called the commuter van vanpool the members are how many who served on to tea party here you you did for a little while i was on tv yeah i pointed you to it when i became chair because i wanted off it so my brother-in-law used to be on the bay area commuter services board before it came in under t barna it's an incredible program it's called the vanpool commuter vanpool and it's users are put together in a group that are kind of geographically aligned um they can get a car at a very very low rate i think it's through enterprise florida and um and they they share the van experience the shared driving they can take the car home it doesn't have to be it's a van a car they take the car home it really really cuts down on their expenses and i definitely want to have someone come brief the board on that and we can really really promote that and for sure if there's enough people coming from wesley chapel over here we could take advantage of that and get some van pools going but we want to

make sure everyone in the county knows that that's available it's a great program well i'm going to continue on just you know as we know there's still a lot of people that you know commute to from pasco county to hillsborough county and pinellas county work every day um you know it's it's a hardship now i mean we know it i mean it's it's unfortunate but it's true i mean it's it's hard on people i mean we have people in this room right here that um travel from each side of the county or some people travel from you know hernando county or pinellas county to come even work here in pasco county because we live we're sort of where you're working um yeah so it's i believe in that it's uh yeah it's a um live where you work it's it's a burden right now first for a lot of citizens madam chair yeah um uh commissioner mariano sorry you know i i heard the federal government trying to look at doing that as well and i'd say my first response why don't you just approve the keystone pipeline why don't you let him do more drilling why don't we do let more exploration happen why don't we encourage more refineries to be built to really i mean to go hurt we can't get our projects we want to get done anyway like we can't get kind of like run funded right now be between not enough money coming in so for them to go short themselves on projects that need to get done as infrastructure folks is is nonsensical you want to fix the fix the problem fix the supply yeah that's what you got to do so all this other stuff about we're going to save you money doing this going to go go to the side of your side of your rave and try to go talk to them about yeah i'll go produce more right i mean it's it's ridiculous as far as i appreciate what you're trying to do but i will tell you i don't want to deal with next summer people driving down little road that that road breaks away again like it did on the northern part to have that road breakaway again the other road project we're trying to get done i'm trying to get a vision road done on on a side road to industrial park that'll bring jobs to the county uh a bridge that was built too low that i get 250 homes you can't get boats out to the gulf of mexico that doesn't make any sense so i would not want to in knowing that we have a shortage of funding to get all the road prices we want to get done i i couldn't get behind that just because it would set us back you know and i like madam chair and i can appreciate that you know again it was just discussion i wanted to have again um to see if we could provide any relief and again you know yeah you have to weigh your options you know what's what's the greater need and and what's going to give the biggest impact and like you didn't mention yes there's there's there's things that unfortunately that we as a county and county commission and and team members

there's there's we can't control it like you know obviously we have no control on again like you mentioned um where we're trying to pull um oil from where we're trying to pull natural gas from we're trying to pull all these natural resources from unfortunately certain people decide they don't want to um but we're all impacted so but i know and i didn't appreciate it again that's why i just want to really have a discussion versus just making a motion to see if there was an appetite for it if we were just able to talk through it a little bit appreciate it and madam chair yes is there a way and i am curious how they're going to work the holiday gas holiday in october is there a way to guarantee or to make sure that the gas stations don't leave their rates at their current price and us and the citizens are guaranteed to get the tax break because i know we do have the 12 cent tax and i do one of my commissioner courses it has a map that directly reflects just because you charge more at a higher gas tax it doesn't mean you're going to have a higher price in fuel so there was no correlation between the tax and the price but i just want to make sure if we do a holiday that we can guarantee that our citizens benefit and not the gas stations i'm sure so you would look at it like um the sales tax holiday on clothes and things obviously it's it is up to the retailers right to follow that if they don't they you know somebody would have to reach out to you know i don't know the ag or to the um um department of professional regulation or something like that to quote turn them in they're all supposed to follow it right but you would have to yes would you have to police it possibly it's a little more difficult only because the retailers have a set price and price tags on their clothing and materials and items and we don't have a set they fluctuate their prices compared to the competitive market it would be virtually impossible to take an action against the the gas stations um as you were i mean when you all were considering the second option um five cent increase um actually omb had done some research at that time that it really didn't matter that because of the elasticity of fuel it really doesn't matter what you're charging in tax they all all the surrounding communities seem to settle at the same price whether you

have the five cents on or whether you have whether you don't and so it's it it would be very difficult to prove that a gas station was not sure rebating that the gas tax if you did a song that's good that's why we're talking through this unless there's a price ceiling no right anyway again i i'll go back to one more time and i'll and i'm done but i do love the idea no but thank you you know and i appreciate it again listen give us some thought again i didn't want to make an emotion come back and give us some thought talk to team members look at what other people are doing just trying to see if there's anything we can do to help the citizens in in the situation we're in because again does it seem like uh people at the very top are doing very much to help well i i certainly would want to have an impact statement you know what roads it might affect sure exactly keeping some papers all right i'm thank you i'm done okay uh commissioner fitzpatrick thank you do we have the photos we're waiting on that how did everyone like the bolts game last night go bolts yes my son was there six two uh i'll be following all right um i would like to say congratulations to keith wiley and his team at parks and rec they had a successful grand open and ribbing cutting at starkey ranch district park softball complex i am very excited to be a part of this and as we are setting that premier standard for parks and rec i'm excited to make sure all of our parks and rec have that premier standard while we're looking at those photos i had handed out a packet it does have a master agreement between pasco county school school district and pasco county bocc i feel it's very important that kids have access to playgrounds and there's already an agreement for ankleo elementary school longleaf elementary school i want to say schrader elementary school and bpms at vayner point middle school where they can utilize the playground after school and on weekends i am working with the school district as well to move forward to expand the locations that they have playgrounds after school on weekends and over the summer i gave everyone a list because i would really like you to look through the list or if you know of a school in your district that you would like to be added and included on this list that you let kathy pearson or keith wiley be aware so we can add more schools i would much rather see more kids out playing on playgrounds walking to their schools than sitting home on electronics all day i know some of the schools i've already spoken to and i'm really excited about are fox

hollow i would like to see cypress colusa uh wendell crenn and i really think it'd be important to include some of the middle schools or high schools especially since they have attract for example wendell krenn they have a track and field they have tennis courts i know when i was out of state visiting family there was a hundred over 100 people on the track and field utilizing that you have your seniors now they have a place to go and walk you have kids where they can go play so i think it's really important again if you could look at the list if there's any this list is only the elementary schools but again if you have any suggestions or like a specific school to be added please let us know so we can include it and then once they have a list i know regatta is going to look at that list he's going to bring it back to their board we'll have a vote for our board on the schools i did mention at one point if there's possibility to have a way where it doesn't have each school doesn't have to be brought back to the board every time can we delegate authority for them to add schools to that list the master agreement requires that a the site specific agreements be adopted so once you i guess once you have a template agreement you could probably delegate to the administrator the ability to sign those um but again it's gonna each one of these there's going to be a cost involved to the county thank you oh and speaking of costs my friend that serves on the school board in ocala went to dc there is a safe schools program and grants so we can possibly get the funds for the additional fencing that we would have to separate the playgrounds from the schools so maybe they could help with the funding in on that issue um good so hey i support you on this keep working it thank you so hopefully i would add the high schools because they have tennis courts they have tracks that people could go run and exercise on on the weekends and i remember getting chased off mitchell high's track um so yeah especially if they're inside of a community or a backdoor school so i think that's really important next i would like to just mention a reminder we have the commissioner baby show oh sorry yep we have the commissioner baby shower which is tomorrow at two o'clock so if anyone has any items any new or unopened items diapers diaper cream baby lotion formula bottles pacifiers wipes clothing any baby items they can drop it off here or they can bring it tomorrow to starkey ranch at two o'clock starkey ranch starkey market sorry at 2 o'clock

oh and yes thank you so all the donations where's going all of the donation last year it went last year went to suncoast voices and this year it's going to sunrise domestic violence shelter for pasco county we've we've collected things other than what's on that list we got a whole bunch of shower liners and all kinds of household items that they also need so i think that it's part of the list but right we can take a lot more wonderful and the last is i was honored to speak at athenia academy's eighth grade graduation and i would like to say congratulations to all of our graduates in pasco county thank you and that's it commissioner mariano thank you mr chair um i had a um my appointee from the planning commission had resigned yeah that's why yeah yeah i was very surprised um but i talked to a person who was served before under commissioner cox years ago did a great job he's a local engineer his name is jonathan moody he's done the application for the advisory committee commission and i'd like to make a motion to appoint jonathan moody to my planning commission seat oh the uh the engineer in the newport yeah excellent yeah i'm sorry who's he taking over for uh roberto says oh he's leaving yeah he's leaving all right yeah all in favor aye opposed great i've heard he's excellent yeah i've never met him but i'm pretty sure i'll tell you we've been working with him a little bit with barbara will heighten company on items coming up 62-63 they're being continued till august but i i recommend the board really study these ask staff questions quite a bit uh to what's going on the effects of what we're looking at doing uh could be monumental and i don't want to see us take a wrong step or go too far with a step that may uh really impact uh especially the west side um i do have one other item madam but i want to wait till the afternoon if i could i want to give you uh an email i got from terry petos that'll kind of clarify exactly what i've got i can't seem to pull it up so in the afternoon be fine it's okay that's all i have um well the county administrator actually uh i do have a few items here that uh that dan had and the first thing that we wanted to recognize was the team went to the florida city and county managers association gathering in orlando at the beginning of june we had a fantastic showing amongst the team which is good good to see a lot of interest and folks wanting to pursue those routes and improve their their leadership abilities i know kathy moderated some great sessions dan and joanna spoke about our cultural change so it was a fantastic opportunity for pasco to get out there and and showcase

issue so yeah we're not on the same page with them obviously but before we engage on the psc side i think i'd like to have the team do a little more a little more research and have a few more conversations with utilities inc just to make sure that everything is aligned okay um so osteen road would not be an mpo road it would be a a county project so i just want to bring that up again that that it's an important road to connect there are one two three four schools that are affected and people have to drive all the way around it affects the intersection at 50 at ridge and little and whenever traffic is dispersed through multiple areas it's always better so amp skills it has a project with the county and i'm very pleased that we're back having interns at the utilities department so we have 10 pasco county uh students who are affiliated with amp skills going through um somewhat of an apprenticeship program at the utilities department we actually had 14 that wanted to do it but we couldn't match up the mentors but we're told next year we're going to work really hard so that all students who want to have a job and get some job training during the summer we can accommodate them and i'm going to work on doing the same with tampa bay water if we have that opportunity um i attended an event in tampa um norma henning was the um honorary consul general for almost 30 years maybe no 20 years in the tampa bay area and she has moved to minnesota so we have a new honorary consul general from for germany who is an attorney in one of the big firms downtown and really excited that pasco county is being singled out as one of the counties has absolutely the best relationship with um with them and then i was the only commissioner there so that was fun and um i think that's it we have 11 30 times certain so we'll move on to your presentation madam chair again osteen road the citizens in that neighborhood do not want it in that community there is an elementary and a technical school there there were no concerns previously when the previous private school was there so they knew where they were purchasing and i think we should look at the other concerns the other consideration we can open up another road so they have two accesses i'm sure we could have two access points i'm sure there would be a public hearing and all that for it but um but i was

here when they tried to do that road connection before and um commissioner mariano could you bring that map up again because i'd like to talk about that too okay sorry one second um bring up that map there may be another one off of uh little road which is even better then you have even more connections i would love the little road i think there the constraint was the wetlands but i would be in full support of that go ahead commissioner i think if they zoom out the screen where it says ridgewood to the right and then blueberry hill estates there's that little road i think it's hutchinson yeah right that looks like an easy easy connection right there i don't know why that was never done in the first place um the other one that looks over going across east west is right where it says pepin academy is going across it looks like there's some type of road going across there too that could be another connection i think we should look it up open all three all three second one i understand i i think if you open up all three it's going to diversify all the traveling so that's what you try to do with traffic you want to have many options to go to they'll pick the best one for them yeah and i have no doubt that the residents on orchid lake would love to not have all the traffic come down their road so no the residents on the other side that don't want to see any more traffic residents on magnolia and the other side of course in addition right there where you have the horizontal opening but then if you look down osteen heading north onto autumn there is another road right down where your mouse if it goes to the left nope up to the right right below the school there's that road right right where your cursor is to the left um you can open that and have other access points to the school although the gates would be locked after school hours oh you can't get to you can't get to ridgewood doing that okay we have an 11 30 times certain so i'm going to call them up thank you madam chair and fellow commissioners we have here manny long my director of finance and scott stitcher with pfm pfm is our financial advisor they're here to give us our semi-annual investment update okay good morning chairman starkey and commissioners mandy long finance director for the pasco county clerk controllers office 14236 6th street date city 33525 and i think i'm going to go to probably slide number four when you get a chance here the last time we were here we spoke a lot about the interest rates at an all-time low well look what's happened over the last week right the fed actually raised

interest rates by three quarters of a percentage point 75 basis points and this was kind of the largest hike we've seen since 1994. we're moving money as securities mature into some of these higher interest rates and shorter term durations and i'll go let me do one more page there and let we'll talk a little bit about our portfolio the total unrestricted uh portfolio is 1.1 billion dollars the short-term investments that you can see here um are distributed with the florida trust day-to-day fund in the amount of 65.5 million dollars 428.5 million dollars in the sba florida prime and another 10.6 million dollars in florida class when we look at the unrestricted long-term investments we have 380 million dollars with pfm and 252 million dollars within the florida trust short-term bond fund and we also have another 10.8 million dollars in cds that'll be maturing next month and those were our 1.7 that were getting us our highest yields there for a while since we were at either zero or no interest for a lot of our investments and if i can talk about our restricted portfolio the restricted portfolio is right at 523 million dollars again that directly relates to specific projects so the bond issuance of the library fire station parks and rec detention center general those are the general obligation bonds also solid waste landfill water sewer starkey district park and the sun lake project so those are all of our restricted portfolio at 523 million dollars and if we go next slide we can take a look at our sector allocation analytics when you take a look at that bottom one there the sba florida prime we had 428 million dollars in there you can kind of see we were out of compliance for a few days the maximum we can have in there is 25 percent uh we actually were uh 12.3 percent over that or about 10.6 million dollars over our maximum allocation for this prime account according to our investment poly and again this was timing we were moving money from sba in some of our mature securities that had matured we moved into sba to set up in florida prime some fixed term investments uh the first one we moved in was 50 million dollars for a one year 365 million 365 days at 2.55 percent which relates to 1.2758 million dollars that we'll receive in one year and as i mentioned earlier you know we're looking to take advantage of some of these rising interest rates in the short term and when you look at the u.s yield curve when you look at the sweet spot between the one year and the

two year it kind of dips back down to the 10-year and then creeps back up to the third year back to the two-year us treasury yield curve but again we've made some other money moves for 90 days we've got 180 days and another 365 days that we're seeing some higher returns on our money i know it doesn't really help us a lot this year next year we're going to see some tremendous increase in in revenue for interest income coming in and i'm going to turn it over to scott stitcher from pfm to talk a little bit about the economic environment thank you scott man i appreciate it good morning madam chair madam clerk and the other county commissioners uh manny i just want to note too that uh it is footnoted on that page the steps that the clerk's office took bring that allocation back within the policy guidelines so i do want to point you to that down below so again my name is scott stitcher with pfm asset management our firm has been entrusted to manage investment portfolios for the clerk and the board of county commissioners for pasco county uh we do so within the parameters set forth in florida state statute 218.415 as well as the investment policy of the board if i could just provide a brief economic backdrop expound a little bit upon what manny shared with you earlier that way when we get to performance it'll make a little more sense on why performance is the way that it is so the economic backdrop has been persistent high inflation elevated energy and commodity prices which you all were speaking to a little bit earlier the fed kicking off a shift to tighter monetary policy rapidly rising interest rates as a matter of fact rates continue to rise along the curve that's most applicable to our client base so it's basically anywhere from five years and under we've seen interest rates rise dramatically the last time i was here was december 7th since that time the two years risen about 2.4 percent to your treasury that is five-year treasury is up over two percent 2.03 percent to be exact why do i share that well as interest rates rise bond prices go down all right so that's the negative side to fixed income investments in a rising rate environment uh the positive side is again manny sort of touched on this that as you have new money that comes into the portfolio you have interest received you have maturities pay downs that new money is being put to work in a higher interest rate environment i'll share some numbers with you on what

that really means here in a second manny touched on the fact the fed raised rates by 75 basis points the first time they've done so since 1994. i we think that you're likely to see another 75 basis point move at the july meeting and then september there's no telling 50 75 basis points it really depends on where the inflation numbers stand at that time thanks manny so i'm going to take a little deeper dive on the portfolio and the unrestricted assets that we are responsible for we ended march 31st at 380 million 867 000 the duration on the portfolio which serves as a measure of interest rate sensitivity is 1.74 years you'll note the benchmark duration directly below that we are short relative to the benchmark meaning we're not as willing to take on interest rate risk or uh interest rate sensitivity on in this portfolio at the time uh the yield at cost is a good indication of what you are earning on the assets in the portfolio that stands at 0.76 at the end of march fast forward to today the portfolio is now earning a little over one percent i think it's 1.08 percent to be exact and that drives home the point we're making earlier about new investments interest received maturities that are occurring being reinvested at higher yields you're going to continue to see that yielded cost increase with time a high credit quality portfolio double a and then a fully diversified portfolio with the majority of the assets in treasury agency and supranationals which are treasury-like securities over 50 for the safety and the liquidity that those sectors offer so let's uh tear off the band-aid here and uh look at performance for the most recent quarter and um the trailing 12 months i was asking manny if maybe we could put up the picture of the the baby shower again so these numbers looked uh don't look as painful so again i mentioned earlier that when interest rates rise bond prices go down and you can see that reflected in the performance over the last three months and 12 months point you down to the bottom in that blue shaded blue section you see the portfolio down to negative 2.25 percent for the trailing three months versus the bench market at 2.34 which by the way is the worst performance we've seen in that benchmark since it was tracked uh back in 1978 just to put things into perspective for the trailing 12 months the portfolio was down to negative 2.66 percent uh versus the bench market and negative 2.84 so i'm happy to say that your portfolio gave up less than the benchmark and that's important

because that's again what we're trying to accomplish in down markets to give up less than the market trying to protect principle the other thing i want to note about this performance we've had a lot of our clients over the past five seven ten years take a lot of grief for being in high quality fixed income portfolios when uh people are seeing the s p up 20 and 25 and 27 percent uh today the s p is down over 22 so it's periods like this when you realize the importance of being in a high quality fixed income portfolio when it's only giving up about two percent when the broader equity market is giving up over 20 percent so again that that that's the the reasoning and the thought price process behind the safety and then liquidity and then yield in in this particular portfolio i'll end by stating that since inception the portfolio has returned a little over 14 million dollars in income uh point you there because we're going to see income continue to increase going forward that income does serve as an insurance policy to price fluctuations in the portfolio so again i think there's some near-term pain but in the long term you should expect greater income and a little more insurance in movements uh given the uncertainty and in the direction of interest rates going forward let me stop there and see if there are any questions for me or or for manny that's an interesting graph there okay this is not my world i only spend the money um i have a question is this is from is this growth an unexpected earnings that we weren't counting on this from no no from 0 to 15. you know the goal is definitely for for appreciation in in the portfolio and a lot of that appreciation is driven by income so it's definitely part of the plan in this portfolio being a longer term portfolio to see a greater return versus some of your shorter duration or overnight type investments so definitely planned well you thought that that rise was going to go up like that that's our goal is again for the for the income to that rises really represents the income or the total earnings in in the portfolio so that that's our goal at the end of the day i don't think my frs looks like that's all right what did that

that's showing your total earnings over time that's not showing in reality you know what you're thinking of okay you mentioned your frs statement it's showing you know your ups and downs the opposite right this is showing total over time correct okay thank you i was getting ready to spend that money yeah it's not showing how well the quote investment's doing on a monthly daily basis correct ups and downs yeah peaks and valleys okay i thought we had more money to spend can you go back to slide two i think it was two actually it was slides seven and eight i know we looked at this last time when commissioner moore had brought up a couple concerns on the triple a rates on our what we were investing in in our portfolio so i just wanted to see an update on it thank you oh the new jersey turnpike is still there i just wanted to see i wanted to see the rate of return i did send a letter um to the board uh i don't know a month ago or so in regards to the new jersey turnpike and scott you can probably state it better but they can't invest in vehicles in which they participated in creating and the turnpikes in florida and they've created you can probably say much better than i can well historically what has happened is we had another arm in our business called uh fas or financial advisory and where they were involved in assisting the underwriting of of securities we couldn't buy those securities uh and in florida they participated in in the assistance of underwriting a large part of those securities so we were very limited and handcuffed in the florida names that we could buy on top of that you also have to look at the under lying security and the maturity and the credit quality and the relative value that it it has within the parameters of your investment policy so just because it's issued in florida doesn't mean you can go out and buy it so some of the names in the northeast are serial issuers there's more supply there's strong credits we're able to get an allocation which is another problem with is supply and getting an allocation when these names come to the market so we've had some success in getting names in the northeast um yeah at the time last time i was here i think i provided some information on why we own the new jersey turnpike and the fact they are raising tolls they have are focused on revenues meeting their expenses their positive outlook if you look at the rating agencies that follow them they do have a positive outlook so it's

again a name that we're comfortable in in owning i'll also point out the fact that we only own 0.1 percent in muni's in in the whole portfolio so about 3.9 million of the 380 million and i see it's double a and two single a's i'm more concerned i wanted to look at the comparisons to the other investments for example the california earthquake authority that's not rated it has two non nr's and an a right right so it's not rated by the names that are or on that or particular report if you bear with me are there other investments we could make that would be a better investment than california just because it says it's not rated does not mean it's a good investment it just means that they did not pay to have you know s p or moody's rate them they did get fitch a single a that's exactly it's still a good investment but they have um fitch they applied and paid for their them to give them an analysis on their investment portfolio not just looking at the ratings and i'll just also point out that um that's not the key driver for why we purchase a name but it's definitely something we look at so it's not just because it's single a or it's investment grade we buy it um but again it definitely is something we have to look at because it it is outlined in the in the parameters set forth in the policy so it's definitely something we have to look at there are many other factors that go into the decision to to purchase a name like that okay i'm sure thank you yeah is there a chart that shows you the investment the percentage of investment as well as the rate of return on each individual one we do not provide an attribution analysis at that level i could look in to see if that's something our strategies group could could produce but our our reporting package does not have that level of detail today i mean i know it's hard to break down a whole bunch of different ones but when i'm looking at these municipal ones i would think you'd know the rate of return and i don't know why we wouldn't be able to see it clearly and easily yeah i can request it yeah i'm sure yeah it's going back to that i mean you know i understand your media bonds are less than one percent of your total investment i get that there was just some concerns obviously what we were investing in as a county in the state of florida um obviously supporting um other states and and and turnpike authorities and sometimes um let me be very careful what i say here um the ways and how some of them possibly do business within the states they're located in some

making the news eg the new jersey turnpike authority um so maybe you know taking a look and you know some since we did bring it up before we had concerns so we see no changes here if it's less than one percent okay look at some other muni bonds you might be able to invest in and uh bring them back to us yep so am i hearing you say you your preference would be to sell out some of these these names then there's there's i mean you know why what other you know obviously you and you're yeah what are their options you know what look at the what's the you know again like uh commission mariano and fitzpatrick mentioned a second ago you know where what's the roi been over the last you know year six months three months we know those things are changing now it's gonna be totally different but um there were concerns by some of us about some of these investments in other states i mean it's great to see the florida board of admin but um what else is in florida what else is available what's the rate of returns been um do we able to keep some of these things within the state follow me yeah yeah absolutely yeah yeah and can you go to the second page next page please what does georgia have for example i don't know i'm not a big fan of vested in california either no um yeah so we're jersey yeah turnpike authority which has its own problems madam chair yes just a question as well um and not that i won't invest in some of these because they're really hurting our citizens here but there's some utility companies water utility companies around the state that have rates or returns that are really high they guaranteed seven eight nine percent um how come we don't invest in any type of things like that uh i think it gets back to i don't know the answer specifically i'm speculating that their debt is not available for purchase or is not available in the size that we would need to participate in in owning again the bond deal needs to be of a size where we could participate in in owning not just on your behalf but on behalf of of our clients where we have a discretionary uh authority in their portfolio that's true because some of those are locked down you can't get in right um a question uh can we go into development um like capital funds

um like pr private equity yes what type type stuff it's not because they use institutional money are we considered institutional money definitely a qualified investor there's no doubt about that um as far as private equity uh we're going to quickly come up against the state statute though that's where i was going is it might require a tweak to the investment policy and then you've got to really look at hard at does that meet the the safety of principal and the liquidity uh hurdle you know with private equity you don't just go and sell overnight to raise those funds so you have to keep those sorts of things in mind the guardrails that were put in place after 2009 and with the state's investments are i remember that or one of the reasons that you have these guard guardrails during that crazy time i got the call to save the state's money yeah and pasco had to make the call whether we pulled out or stayed in and i made the call to stay in save the state yeah okay okay thank you very much thank you thank you um so board members i have one more thing i have to bring up um and this is the local support grants so um let me see oh it's one minute till okay sorry yeah i thought we had more time yep we'll wait we'll do that after um so barbara hensman is she down here okay she needs to speak to some of y'all and all of us i'll have to do it by phone um because i have a lunch meeting so please meet with barbara so she can discuss some of the issues do we have a bond closing yes where is that jeff i gotta do that really fast i would think would be another thing in my office [Music] you