[Call to Order]
[00:00:09]
>> ALL RIGHT, IT IS 6:00. WE HAVE ENOUGH PEOPLE TO GET STARTED. WE WILL GET STARTED.
FIRST THING I WILL DO IS THE PLEDGE.
I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.
[Approval of Minutes]
>> THE CHAIR: OKAY, FIRST ORDER OF BUSINESS IS THE APPROVAL OF LAST MONTH'S MINUTES.
ANY DISCUSSION OR COMMENTS ON THE MINUTES? OKAY, HEARING NONE, I MAKE A MOTION TO APPROVE THE MINUTES AS IS FROM LAST MONTH. ALL IN FAVOR, SAY AYE.
ALL OPPOSED? OKAY, MINUTES ARE APPROVED.
DO YOU WANT TO RUN INTO PARTIAL NEW BUSINESS OR ANYTHING BEFORE
[1. LCC Application 2026-10 (Batton Bay Rd)]
THAT? OKAY, SO THE FIRST THING WE ARE GOING TO LOOK AT TODAY IS A NEW APPLICATION.WE WILL DO A VOTE ON ENTRANCE INTO THE PROGRAM OR NOT, IT IS THE -- WHAT ARE WE GOING TO CALL IT, THE BATTON BAY ROAD PARCEL. WE HAVE SOMEONE WHO WOULD LIKE TO SPEAK A LITTLE BIT. WOULD YOU PREFER A PUBLIC COMMENT, SIR? GOOD, COME ON UP, SIR.
>> I AM JIM FARLEY, THIS IS MY PARTNER FOR 57 YEARS JEAN, LET ME ASK A QUESTION, DO YOU KNOW WHERE SHARON, FLORIDA, IS? ANYONE HERE? IT'S SOUTH OF WHERE PARCEL IS, WHERE THE FAIRGROUNDS ARE. THERE'S COUNTRY OUT THERE, THERE IS AN OLD TOWN RIGHT THERE A FEW YEARS AGO, AND IT'S STILL ON A LOT OF MAPS, BUT ALL THAT IS LEFT OUT THERE IS THE HOMETOWN SIDE IS A CHURCH IN SALEM, BAPTIST CHURCH A PRETTY LITTLE PLACE AT THE END OF A MILE AND A HALF.
BUT WE LIVE SOUTH OF THERE. HAVE ANY OF YOU ALL READ THE LITTLE DEAL THAT I LOOKED AT THE PICTURES? WE ARE IN THE CATTLE BUSINESS IN A PRETTY BIG WAY, AND ALL WE HAVE NOW IS OUR LITTLE 5-ACRE FARM, AND WE WANT TO HANG ON TO IT AS LONG AS WE CAN, AND IT'S 65 ACRES OF 85 IS UNINHABITED, THERE IS NO BUILDINGS ON IT, THE ONLY THING THAT IS ON IT IS A COUPLE OF DEER STANDS AND SOME FEEDERS, FEEDING STATIONS WHERE WE FEED THE DEER AND QUAIL. AND IT'S A PRETTY PIECE OF PROPERTY UP HERE THERE ARE TWO HAMMOCKS STATED IN THE BRIDGE.
AND THREE CLASSES OF PINE TREES. ONE OF WHICH WE PLANTED ABOUT 14 YEARS AGO. AND WE HAVE TAKEN GOOD CARE OF THE PROPERTY. IT'S A WELL DRAINED PROPERTY.
IT'S NOT LIKE COMMERCIAL PILING PROPERTY IT HAS NATURAL DRAINAGE TO IT. AND THERE ARE TWO LITTLE TRIBUTARIES TO GO TO IT. THEY WILL DRY UP SOME TIME.
AND THE WILL RANCH WHERE THERE'S ALWAYS BUCKETS OF WATER IN IT.
AND CYPRESS, THE BAY TREE, AND TOP OF THE HILL THERE ARE TWO OAK RIDGE ON IT. A LITTLE GRASS PATCH WITH CATTLE ON IT. ALL MY LIFE, I SAID, NOT YET, BUT ALL MY LIFE UP TILL NOW, BECAUSE I KNOW THAT THERE HAS BEEN CATTLE OVER THIS PIECE OF LAND COME APART OF THE LAND IS AN OLD HOMESTEAD WITH THE OLD LITTE PLACE ON THE ORIGINAL TRACK OF LAND THAT LIVED ON THE OTHER END, AND WE CALL IT A HAMMOCK, PROBABLY WON'T GO OUT THERE AND FIND A RECORD OR SOMETHING. I GUESS THE SIGNIFICANCE I MENTION HISTORICAL SIGNIFICANCE, YEARS AGO IN THE LATE 1800S THERE WAS A SMALL GAUGE RAILROAD THAT WENT FROM RAIN ROADS TO MAIL CODES, AND BACK THEN THERE WAS CITRUS AROUND THOSE ROADS
[00:05:01]
AND THEY HAULED LOGS AND CITRUS ON THAT RAILROAD, AND THERE WAS A STOCK THERE AND IT WAS A HABIT OR A RITUAL OR SOMETHING FOR OLD TIMERS BACK THEN AS THEY HAD A CHURCH WHERE THEY HAD A TALL PALM RIGHT THERE MOVING SOME CATTLE ONE DAY, AND AN OLD TIMER RIGHT THERE TOLD ME THAT THAT'S WHERE THE QUAIL SPOT WAS, AND HE SAID IF YOU WANTED TO GO COMING YOU COULD RIDE AROUND AS IT MIGHT HAVE BEEN A STORE THERE TOO, BUT A WAGON WOULD COME BY AND GIVE YOU A TRAIN RIDE. WE TOOK GOOD CARE OF THE PLACE IN 2017 WE WERE AWARDED CARES, IT'S AN ENVIRONMENTAL AWARD FOR TAKING CARE AND MAINTAINING THE PLACE.AND WE CONTROLLED AND KEEP THE ROADS PASSABLE, AND JUST A LITTLE GAS COME A BIG TRAIL KIND OF ROAD, AND ONE OF THEM IS IN THE FOLDER AND WE SEE THE DEVELOPMENT, THE REASON I WANT TO CONSIDER, CONSIDER RIGHT NOW THIS EASEMENT, AS WE ARE PRETTY MUCH RETIRED. WE DO A LITTLE BIT AND IT HAS A BUNCH OF CATTLE ON THE PLACE WHERE WE CAN KEEP IT AS LONG AS WE CAN. BUT WE SEE ENCROACHMENT COMING.
I HONESTLY HAVE RAISED CATTLE AT ONE TIME IF YOU ALL ARE FAMILIAR AT THIS END OF THE COUNTY HERE FROM 218 TO 209 THAT PROBABLY 12 OR 1500 AND THERE WERE OLD RANCHES AND ALFRED LEE, CAMPBELL, AND THEY TOOK THROUGH THAT COUNTRY FROM THE TIME I WAS TEN YEARS OLD AND I HAVE SEEN COME I ALMOST WANT TO SAY I HAVE SEEN CLAY COUNTY CHANGE. AND PRETTY SOON YOU WILL BE ABLE TO WALK ON TOP OF THE HOUSE ROOF FROM RUSSELL.
THERE WON'T BE A PLACE FOR SOMEONE TO LAND, AND YOU PEOPLE FOR SOME REASON OR OTHER, YOU LOVE WHAT YOU DO ON THIS END, YOU START WITH A PURPOSE AND GO FORWARD, AND HAPPY TO SEE SOMETHING LIKE THIS COME THROUGH.
I THINK CLAY COUNTY IS PAST SAVING, BUT THINGS LIKE THIS MAYBE LEAVE A LITTLE SPOT HERE AND THERE COME A 65 ACRES, 10 ACRES AS WE HAVE SOME LAND OVER THERE.
AND USED TO GATHER MY GRANDDADDY THAT OWNED THAT WHICH IS NOW MAGNOLIA POINT, AND WHEN THEY COULD NOT GET THE REST OF IT THEY WOULD HAVE TO DRAG THEM ON THE TRAILER.
I HAVE SEEN THIS COUNTRY GO THROUGH IT.
OVER TO RATFORD COUNTY AND HAVE SEEN SOME CHANGES.
AND IT AIN'T ALL BAD, BUT IT IS SURE MOVING KIND OF FAST.
AND I WOULD LOVE TO -- WHEN I LEAVE HERE SAY, WELL, THEY AREN'T GOING TO BUILD A HOUSE.
THAT'S ABOUT IT. I DOUBTED SOME OF THIS COUNTRY DEVELOPING SO FAST. BUT GOD ALMIGHTY, I HAVE SEEN IT MOVE HERE IN THE LAST FEW YEARS. AND CROSSING THE WOODS WITH THE BREEDERS CREEK, MEANWHILE AROUND JUST A LITTLE WAYS ACROSS THE WOODS A LITTLE LATE. THESE PLACES I USED TO RAISE AND WAS DEVELOPED, BUT I SEE A THREAT COMING AND I WOULD LIKE TO GO AHEAD AND GET STARTED FOR OUR LITTLE PART.
AND DO OUR LITTLE PART. IT AIN'T FOR SALE, BUT I WOULD LIKE TO CONSIDER THAT A NATURAL BASE.
AND THAT'S ABOUT ALL. YOU CAN GOOGLE FIT 609 BATON BAY ROAD, A I OVERVIEW, AND OUR PROPERTY IS ON THERE, IT IS
[00:10:05]
MENTIONED THAT IT IS IN THE WILDLIFE PORTAL.AND IT IS A CRITICAL ECOLOGICAL BLANKET AREA A.
ON THIS AREA THERE IS A HAT, AND ACTUALLY 6/10 OF A MILE ON COUNTY LINE. FOLKS CAN RIDE BY AND LOOK AT IT. IT'S A PRETTY LITTLE RESTAURANT COM A DIFFERENT LITTLE GRASS PATCH, THIN PINE, AND GO THROUGH WITH A GOOD FRIEND OF MINE LIVING IN THE TREES, PLANNING ON IT AND TURNED OUT AS IT IS NOT LIKE THIS.
A WHOLE PRODUCTION AS WE TRY TO KEEP THINGS NATURAL.
AND THAT'S ABOUT IT. WE CONTROL VERNON, THAT'S ABOUT IT. THAT'S ALL I GOT TO SAY IF YOU GUYS HAVE ANY QUESTIONS. IF YOU LET ME KNOW COME IF I CAN
COME I WILL TELL YOU. >> THE CHAIR: THANK YOU, SIR.
ANY QUESTIONS FOR MR. FARLEY? GOT OFF EASY.
>> KEEP IT SIMPLE LIKE ME. >> THE CHAIR: WE APPRECIATE YOUR TIME, SIR. STAFF COMMENTS?
>> JUST TO REITERATE, AS WE LOOK THROUGH THE PROPERTY AND THAT ACQUISITION, WE MEET THE PRIMARY CONSERVATION GOALS, WATER QUALITY, WILDLIFE HABITAT, CONNECTIVITY, AND FARM PRESERVATIONS AND MEETS THE SECONDARY CONSERVATION GOALS OF POTENTIAL ACCESS TO RECREATION AND FLOODING REDUCTION.
AND A FOOTNOTE TO A POSSIBLE ENVIRONMENTAL HAZARDS ON THE HISTORIC CATTLE FARM. AND AT STAFF'S RECOMMENDATION IS APPROVAL OF THE PROJECT MOVING FORWARD.
>> THE CHAIR: OKAY, ANY DISCUSSION AMONGST THE COMMITTEE BEFORE WE PUT A VOTE FORWARD? QUIET TODAY.
>> I NEED TO DISCLOSE THAT I HAVE DONE A LOT OF BUSINESS WITH MR. FARLEY OVER THE YEARS. WITH CATTLE EAST ON SOME OF THE PROPERTY COME A DIFFERENT TIMES COME A DIFFERENT PIECES OF PROPERTY COME IN NO LONGER IS OURS COME BUT HE HAS GOOD FRIEND OF MINE, A GOOD PERSON TO DO BUSINESS WITH.
SO I JUST WANT -- I DON'T THINK THAT PRECLUDES ME FROM VOTING ON THIS. BUT I DO WANT TO PUT THAT OUT THERE. IT'S A GOOD PIECE OF PROPERTY.
IT NEEDS A FENCE ON THOSE PINE TREES, BUT IT'S KIND OF SENTIMENTAL TO HIM. BUT OTHERWISE IT'S A PRETTY NICE PIECE OF PROPERTY HE'S GOT TH THERE.
I DO HAVE ONE QUESTION FOR YOU NOW THAT YOU ARE WAY OVER THERE, ARE YOU GOING TO KEEP THE HOUSE OUT OF IT?
>> IT'S CLOSED, I TOOK A MAGIC MARKER AND WENT AROUND THE
65 ACRES. >> I SHOULD HAVE ASKED HIM WHEN HE WAS UP THERE A. THEY GAVE ME THE LANE, I GET IN TROUBLE. THERE IS -- IT'S 85-ACRE BLOCK, THERE IS 20 ACRES WITH THE HOMESTEAD AND THEN YOU GO NORTH AND THERE'S A RANCH AREA, AND THAT LAND LINE FOR THE 60 ACRES IS ALMOST WITH THE RANCH THAT WOULD HAVE TO BE STRAIGHTENED OFF THERE. AND THE HOME DOES NOT GO THROUGH THE 20 ACRES. IT'S THE 60 ACRES COME IT WOULD SHOW UP REALLY GOOD OF THE WOODLANDS.
AND THE OTHER THING NOW THAT I HAVE THE MICROPHONE AGAIN.
>> SORRY. >> TO LOOK AT IT, THEY CAN PUT IT ON A TV AND GIVE THEM THE $5 TURF.
>> WE CAN'T ACCEPT GIFTS. >> WHEN I GET THROUGH YOU WON'T
CONSIDER IT A GIFT. >> I'M JUST CURIOUS HOW LONG, MR. FARLEY, HAVE YOU OWNED THE PROPERTY?
>> WE HAVE OWNED THAT PROPERTY THE FIRST WE PURCHASED WAS IN
[00:15:03]
1975-74? 1974 OR 75, AND OVER THE YEARS WE HAVE ADDED TO IT. THE LAST WE ADDED WAS PROBABLY 15, 17 YEARS AGO. WE PUT A LITTLE WORK IN IT.AND WE HAVE THE MAIN THING TAKEN CARE OF.
AND WHO TAKES CARE OF IT IS THE CATTLE, THEY KEEP THE CREEKS OPEN. AND THEY DO THEIR SHARE OF RUSH CONTROL AND FIRE PROTECTION. THEY KEEP THE STORAGE DOWN A LITTLE BIT IF THE WILDFIRE DID COME IN THERE, IT SHOULD NOT
HURT IT QUITE AS BAD. >> I JUST WANT TO SAY COME I APPRECIATE THAT THIS IS IN THE WILDLIFE CORRIDOR AND I THINK IT'S THE ONLY PARCEL THAT IS IN THE WILDLIFE CORRIDOR, WHICH IS PERSONALLY IMPORTANT TO ME. SO I REALLY DO LIKE THAT.
>> CONSIDERING I AM HIS SON, I'M GOING TO ABSTAIN FROM THE VOTE.
>> WE STILL HAVE ENOUGH TO VOTE, SO THAT IS GREAT.
ANY OTHER DISCUSSION, COMMENTS? OKAY, THEN OUR VOTE WILL BE TO APPROVE THIS FOR ENTRY INTO THE PROGRAM AS A CONSERVATION EASEMENT, CORRECT? SO I GUESS ALL IN FAVOR, SAY A AYE. HEARING NONE, PASSING UNANIMOUSLY. GOOD TO GO, INTO THE PROGRAM.
>> I HAVE A QUICK QUESTION, DO WE HAVE A SET NUMBER OF PARCELS THAT CAN BE ACCEPTED? OR IS IT OPEN-ENDED?
>> SO THAT WAS OUR NEW BUSINESS FOR THE DA.
[Public Comment]
I GUESS BEFORE WE GO TO OVERALL STAFF COMMENTS, DO WE HAVE PUBLIC COMMENT FROM ANYONE IN THE AUDIENCE?PLEASE COME SIR. >> MY NAME IS RYAN WORTHINGTON, AND I LIVE AT 5665 SHARON ROAD, I'M PRETTY CLOSE TO THE PROPERTY. AND LONG TIME CLAY COUNTY RESIDENT AND I JUST WANT TO SAY THANK YOU FOR APPROVING THAT PROPERTY. AS YOU KNOW, CLAY COUNTY HAS JUST BEEN A LOT OF URBAN SPRAWL ON THE LANDMARKS WITH THE CULTURAL HERITAGE. SO ANY OPPORTUNITY TO PRESERVE IT ESPECIALLY WHEN IT IS SUCH GREAT VALUE LIKE A CONSERVATION EASEMENT OF THE WILDLIFE CORRIDOR I THINK THAT NEEDS A A BUNCH OF METRICS THAT ARE VERY IMPORTANT AND I REALLY
APPRECIATE IT. >> THANK YOU, SIR.
[Staff Comments]
APPRECIATE YOUR COMMENT. I DON'T SEE ANY OTHER PUBLIC, SO I WILL PASS IT TO YOU FOR STAFF COMMENTS, DODIE SELIG.>> I WANT TO GIVE ONE UPDATE, ONE OF THE PARCELS I THINK WILL BE -- THAT I WAS STILL NEEDING TO GET OTHER SIGNATURES APPEARED WE HAVE BEEN ABLE TO GET IN TOUCH WITH THE OTHER TWO BROTHERS THAT OWN IT.
SO HOPEFULLY IF THEY CAN GET ME THEIR SIGNATURES BACK IN BY THE END OF THE MONTH, WE CAN HAVE THAT ONE ADDED TO NEXT MONTH AS WELL AS A NEW PARCEL. AND THEN TONIGHT WE HAVE MR. TROY NAGLE WHO IS ONE OF OUR COUNTY MANAGERS HERE AND IS GOING TO GIVE YOU SOME INFO ON THE MONEY SIDE OF THINGS OVER BUDGET, FINANCE, AND THAT IS HIS SPECIALTY AND STRONG SUIT.
>> MY SPECIALTY AND STRONG SUIT. >> OH, YES, IT IS.
GOOD EVENING, TROY NAGLE, DEPUTY MANAGER.
YOU HAD QUESTIONS ABOUT THE BUDGET.
I CAN TELL YOU THAT BASED ON THE POINT TO ADD MORE ASSESSMENT, THE FUND GENERATES AROUND $4 MILLION, SO ABOVE THAT THERE'S 3.8 MILLION CURRENTLY IN THE FUND TO BE SPENT WITH A CERTAIN PORTION BACK BY STATE AS 5 PERCENT IS PUT INTO RESERVES INTO PULL BACK EACH YEAR UNTIL IT ROLLS OVER TO THE NEXT YEAR.
BUT IF THERE ARE SPECIFIC QUESTIONS YOU WOULD LIKE TO ASK ABOUT THE BUDGET, I CAN KIND OF GO THROUGH THOSE AS THAT'S GENERALLY WHAT YOU HAVE IN THE BUDGET TO WORK WITH IS
3.8 MILLION A SHARE. >> IS THAT IN EVERY YEAR?
>> I'M GOING TO SAY THAT THE BEST WAY I CAN.
IT'S BASED ON COLLECTION AND ASSESSMENTS.
SO AS LONG AS EDNAM SAYS THE WAY IT IS, THAT NUMBER WILL GO UP
[00:20:02]
EACH YEAR AS THE PROPERTY VALUES GO UP.>> AND IF WE ACQUIRE A FEE, THAT IMPACTS YOUR MAINTENANCE BUDGET.
>> IT WOULD IMPACT THIS BUDGET. >> IT WOULD IMPACT --
>> THIS YEAR YOU HAVE 3.8, NEXT YEAR EVERYTHING STAYS EQUAL, WE SHOULD COLLECT 3.8, 4 MILLION NEXT YEAR.
AS YOU START COLLECTING, THE MONEY FROM MAINTENANCE WOULD HAVE TO COME OUT OF THE SAME ACCOUNT.
SO THAT'S WHERE YOUR BALANCE IS ON ACQUISITION AND MAINTENANCE FOR PROFESSIONALS THAT YOU MAY NEED TO COME IN AND GIVE YOU
ADVICE ON THE PROPERTY. >> YOU HAVE TO EXCUSE MY IGNORANCE, THE 3.8 MILLION IS BASED ON AD VALOREM, THAT IS POTENTIALLY IMPACTED BY THE CURRENT ADMINISTRATION BEING
THROWN AROUND FOR TAX REDUCTION? >> IF THE LEGISLATION THAT IS BEING PROPOSED, IF IT WOULD GO INTO EFFECT, THEN THAT WOULD REDUCE -- THAT WOULD REDUCE YOUR ASSESSMENT VALUE WHICH IS A LOWER AMOUNT AT THAT POINT.
>> SO IF I AM LOOKING AT FOR EXAMPLE MR. FARLEY'S APPLICATION, IT SAYS THE AMOUNT YOU ARE SEEKING IS NEGOTIABLE, BUT IT LOOKS LIKE THE APPRAISED VALUE FOR THE ADJUST MARKET VALUE IS 867,000, $730 FOR THE PARCEL, SO SAY HYPOTHETICALLY THIS ONE GETS ACCEPTED, THEN WHATEVER IS LEFT OVER FROM THAT 867,000 WOULD BE LEFT FOR THE PROGRAM TOTAL? SO THAT WOULD BE THE 3.8 MILLION MINUS --
>> 3.8 MILLION MINUS WHATEVER THE COST TO ACQUIRE THE LAND ON WHAT NORMALLY -- AND I WILL SEPARATE THE TWO, AND CAN TALK MORE TO THE REAL ESTATE, HE IS THE REAL ESTATE MANAGER. YOU HAVE TO KEEP IN MIND IT'S NOT JUST THE VALUE OF WHAT YOU BUY THE PROPERTY FOR, USUALLY THERE'S A SURVEY, ASSESSMENT. IF YOU DECIDE AS A GROUP OR THE STAFF DECIDES THAT WE NEED TO DO AN ENVIRONMENTAL ASSESSMENT, THERE IS A COST. AND THAT'S DIFFERENT FROM EASEMENTS VERSUS PURCHASE. IF WE PURCHASE THE PROPERTY THERE ARE CERTAIN RULES THAT THE COUNTY REQUIRES TO PROTECT THE COUNTY'S INTEREST. I DON'T WANT TO GET TOO FAR INTO CALEB'S WORLD. OKAY.
>> TO CLARIFY, BECAUSE I DID NOT UNDERSTAND THE NUANCE.
WE WILL USE 4 MILLION BECAUSE THAT'S EASY.
4 MILLION AS WE CONTINUE YEAR TO YEAR AND WE STACK PROPERTIES BEHIND US, IF THE CONSERVATION EASEMENT, THE FEES TO DO THE YEARLY APPRAISALS COME OUT OF THAT OPERATING BUDGET AND REDUCE THE 4 MILLION. IF THEY ARE BOUGHT FULL FEE, THEY ALSO COME OUT. THERE IS A POINT WHERE WE HAVE BOUGHT ENOUGH THAT THE ENTIRE 4 MILLION GOES TO THE MANA
MANAGEMENT. >> BUT YOU WOULD ALSO HOPE THAT AS THE COUNTY PROGRESSIVELY GROWS OVER THE NEXT FEW YEARS THAT THE VALUE OF PROPERTY ALSO GOES UP SO YOU GENERATE MORE.
I DON'T HAVE THE NUMBERS IN FRONT OF ME, BUT BASICALLY THE COUNTY WENT UP BY ABOUT 4% LAST YEAR.
SO 4 PERCENT ON TOP OF 4 MILLION IS PROBABLY GOING TO BE WHAT YOU SEE NEXT YEAR INTO THIS. SO IT WILL BE 4.2 NEXT YEAR.
LET'S USE THAT AS THE MATH. INCREMENTALLY YOU SHOULD SEE AN INCREASE OF THE PROPERTY VALUES GO UP.
>> THAT MAKES SENSE. SO TO TAKE IT ANOTHER STEP FURTHER WHEN WE STARTED THIS WE WERE GIVEN PROPERTIES TO PRACTICE ON THAT WERE OWNED BY THE COUNTY.
IF THIS IS ON THE PARCELS BEFORE THE PROGRAM STARTED, DOES THE MANAGEMENT OF THOSE PARCELS COME OUT OF THIS AS WELL?
>> THAT WOULD BE A BOARD DECISION.
I CANNOT TELL YOU HOW THE BOARD WOULD DECIDE THAT OR NOT DECIDE THAT. SPEAK OF THE PROPERTY THAT THE COUNTY'S -- WILL, I DON'T KNOW.
THE BOND IS VERY SPECIFIC. >> IF WE BOND, BUT YOU ARE NOT
BONDED AT THIS POINT. >> THEN BOND MONEY IS VERY SPECIFIC ABOUT WHERE AND WHAT YOU CAN SPEND THAT ON.
SO PROPERTIES THAT THE COUNTY ALREADY ACQUIRED WOULD NOT BE INVOLVED, YOU CAN'T USE THAT BOND MONEY FOR THAT.
>> YOU CAN GO BACK AND MANAGE -- >> YES, BUT NOT WITH BOND MONEY.
>> YOU CANNOT BUILD A 200 -- BOARDWALK --
>> YOU WOULD NOT BE ABLE TO USE THIS MONEY TO BUILD SOMETHING, YES, THE DISCUSSION WOULD COME DOWN TO I WILL USE A DIFFERENT EXAMPLE, VETERANS PARK. IF THE COUNTY DECIDED TO MANAGE
[00:25:03]
VETERANS PARK WHICH IS FOR LACK OF A BETTER TERM A CONSERVATION PIECE OF LAND BECAUSE IT IS NOT ACCESSED AT THE CURRENT TIME, THE BOARD COULD PROBABLY SAY, HEY, WE ARE GOING TO USE SOME OF THE CONSERVATION MONEY TO MANAGE THAT PROPERTY BECAUSE IT IS IN CONSERVATION. I WOULD DEFER THAT TO THE COUNTY ATTORNEY ON THE LEGALITIES OF THAT.>> OKAY, THANK YOU. >> I WILL NOT SPEAK TO THAT
LEVEL. >> CURIOUS ON WHERE THE LINES ARE. ANYONE ELSE?
>> JUST TO CLARIFY, NOT SO MUCH FOR YOU, BUT FOR ANYBODY IN DIGITAL LAND THAT MIGHT BE WATCHING, IN CASE THERE IS ANY CONFUSION, THE REFERENDUM THAT WAS PASSED WAS TO ALLOW THE COUNTY TO BOND UP TO 45 MILLION. BUT THE COUNTY HAS NOT AT THIS TIME ISSUED A BOND. SO I DID NOT WANT THERE TO BE CONFUSION ABOUT THIS HUGE DIFFERENCE IN DOLLAR AMOUNTS THAT WE ARE TALKING ABOUT. SO WE HAVE CURRENT MONEY, BUT IT
IS NOT FROM THE BOND. >> THAT REMAINS AN OPEN
POSSIBILITY. >> YES, IT IS AN OPEN POSSIBILITY THAT WILL DEPEND ON LOTS OF FACTORS.
>> I WOULD SAY THAT IN THE NEXT YEAR, BONDING IS PROBABLY NOT AN OPTION, BECAUSE THIS IS ADVERUM FACED FUNDING, AND WITH THE CURRENT LEGISLATION I AM NOT SURE THAT YOU WOULD GET A BONDING AGENT TO GIVE YOU A GOOD RATE.
IF YOU DO BOND, WHAT YOU ARE DOING IS YOU ARE GETTING UPFRONT MONEY IN PAYING AN INTEREST RATE LATER ON, SO BACK TO YOUR POINT,
THERE IS A BALANCE. >> UNCERTAINTY KILLS BONDS.
ANY OTHER QUESTIONS? THANK YOU, SIR, THAT WAS VERY HELPFUL. NICE TO UNDERSTAND WHAT WE ARE ACTUALLY SPENDING. ALL RIGHT, WHAT ELSE DO WE GOT?
>> THAT WAS IT. >> THEN WE HAVE REACHED THE END OF THE MINUTES, WE WILL PASS AROUND FOR ALIBIS IF ANYONE HAS ONE.
* This transcript was compiled from uncorrected Closed Captioning.