Finance Committee

City of Jacksonville 117 W. Duval Street Jacksonville, FL 32202 Agenda - Revised Marked Tuesday, July 19, 2022 9:30 AM Council Chamber, 1st Floor, City Hall Finance Committee Aaron Bowman, Chair Randy White, Vice Chair Matt Carlucci Kevin Carrico Joyce Morgan Ju’Coby Pittman Ron Salem Legislative Assistant: Barbara Ireland Hobson Council Auditor's Office: Kim Taylor, Council Auditor Council Auditor's Office: Phillip Peterson, Asst. Council Auditor Council Research: Jeff Clements, Chief of Research Office of General Counsel: Paige Johnston, Chief Administration: Rachel Zimmer Finance Committee Agenda - Revised Marked July 19, 2022 Meeting Convened: Meeting Adjourned: Attendance: Item/File No. Title History 1. 2022-0267 ORD-MC Concerning Surplus Personal Propty of the City; Declaring WITHDRAW that Certain 1979 Chevrolet Malibu (VIN 1T19L9D483566, Vehicle # 0046-10) Valued at $15,000 to be Surplus to the Needs of the City & At request of Auth the Approp Officials of the City to Transfer Title of Said Propty to JSO the MOG Collection, LLC., D/B/A Brumos Collection at no Cost, in Accordance with Sec 122.812 (C), Ord Code; Waiving Sec 122.305 (Unlawful Use of City Markings & Tags), Pt 3 (Municipal Vehicles), Chapt 122 (Public Property), Ord Code, to Allow for Certain 1979 Chevrolet Malibu (VIN 1T19L9D483566, Vehicle # 0046-10) to Retain its JSO Insignia; Designating the Fleet Mgmt Div of the Finance & Admin Dept to Monitor Actual Use of Said Propty; Providing for a Reverter; Auth the Mayor or his Designee & the Corp Sec to Execute an Agreemt for Surplussing of City Personal Propty btwn the COJ & the MOG Collection, LLC., D/B/A Brumos Collection; Repealing Sec 111.396 (Motor Vehicle Safety Prog Fund), Pt 3 (Public Safety & Courts), Chapt 111 (Special Revenue & Trust Accts), Ord Code. (Sidman) (Introduced by CP Newby at Request of Sheriff) 4/12/22 CO Introduced: NCSPHS, F, R 4/18/22 NCSPHS Read 2nd & Rerefer 4/19/22 R Read 2nd & Rerefer 4/26/22 CO PH Only 7/18/22 NCSPHS Withdraw 7-0 7/18/22 R Withdraw 6-0 Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601 – 4/26/22 2. 2022-0402 ORD Amend FY 2020-2021 Jacksonville Transportation Authority (JTA) Contact: Budget; Amending Ord 2020-504-E (The City of Jax Budget Ord) by Greg Hayes/ Amending the JTA Budget Revised Schedules O & P (Johnston) Jessica Shepler (Introduced by CP at Req of JTA) 5/24/22 CO Introduced: TEU, F 6/6/22 TEU Read 2nd & Rerefer 6/7/22 F Read 2nd & Rerefer 6/14/22 CO PH Read 2nd & Rerefer: TEU, F Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 – 6/14/22 Page 1 of 10 Finance Committee Agenda - Revised Marked July 19, 2022 3. 2022-0416 ORD Reapprop $94,875,967.35 from CIPs that have been Certified DEFER Complete by the Director of Public Works & Closed, Their Residual Balances Returned to the Source or Sources of Origin, & Placed in a At request of the Contingency Account, Transferring $38,920,804.62 btwn Expense Administration Accounts Among Various Projs within the Better Jax Plan Fund to Complete Outstanding Projs as Described in the Work Plan, & Auth Borrowing from the City’s Commercial Paper Facility &/or Issuance of Fixed-Rate Debt in the Cumulative, Not-To-Exceed Amt of $85,063,552.37 & Approp Thereof to Prov Funds for Capital Improvements; Amend 2021-504-E, the FY 2021 Budget Ord, to Replace 4th Revised Scheduled B4, the FY 2021-2022 Debt Management Fund Detail, & Revised Scheduled B4b, the FY 2021-2022 Capital Improvements Projs Funded Via Borrowing, to Auth the Borrowing &/or the Issuance of Fixed-Rate Debt for the Projs as set Forth in the Better Jax Work Plan; Amend the 2022-2026 5-Yr Capital Improvement Prog Apv’d by Ord 2021-505-E; Prov for City Oversight by the Dept of Public Works (Sawyer) (Introduced by CP at Req of Mayor) 5/24/22 CO Introduced: TEU, F 6/6/22 TEU Read 2nd & Rerefer 6/7/22 F Read 2nd & Rerefer 6/14/22 CO PH Read 2nd & Rerefer: TEU, F Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 6/14/22 4. 2022-0450 ORD-MC Re Chapt 117 (Grants), Ord Code; Amend Sec 117.101 AMEND (Intent), 117.102 (Application), 117.105 (Records), & 117.108 (Cash Overmatch on Grant to be Disclosed) to Include Definitions & Provisions Contact: for Private Grants & Creating New Secs 117.111 (State & Federal CM Diamond Awards to Follow Uniform Procurement Rules or Procurement Code) & 117.112 (Reporting), Chapt 117 (Grants), Ord Code (Johnston) (Introduced by CM Diamond) 6/14/22 CO Introduced: NCSPHS, F 6/21/22 NCSPHS Read 2nd & Rerefer 6/22/22 F Read 2nd & Rerefer 6/28/22 CO PH Read 2nd & Rerefer: NCSPHS, F 7/18/22 NCSPHS Amend/Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 6/28/22 Page 2 of 10 Finance Committee Agenda - Revised Marked July 19, 2022 AMENDMENT 1. Correct scrivener’s errors 2. Clarify provisions apply to all grants (federal, state and private) 3. Amend Code Sec. 117.109 (Central review of grant applications) to incorporate private grants • Expands Ch. 117 to include private grants in addition to federal and state grants • Creates a new Code Sec. 117.111 to require that the City comply with applicable procurement regulations • Creates a new Code Sec. 117.112 to require quarterly reports regarding grants which have been awarded in the immediately preceding quarter 5. 2022-0452 ORD Apv & Auth the Chief Exec Officer of the DIA, or Her Designee, to Contact: Execute a Redev Agrmt (“Agreement”) btwn the DIA (“DIA”) & 323 E Lori Boyer/ Bay Street RE LLC (“Developer”), to Support the Reno & Rehab by Steve Kelley Developer of a Historic Bldg Located at 323 E. Bay St (“Project”); Auth 3 Downtown Preservation & Revitalization Prog (“DPRP”) Loans, in the See separate Aggregate Amt not to Exceed $1,536,350.00, to the Developer in handout for Connection with the Proj, to be Approp by Subsequent Legislation; schedule of Desig the DIA as Contract Monitor for the Agrmt; Prov for Oversight of anticipated the Proj by the DIA; Auth the Execution of all Docs Relating to the project funding Above Agrmt & Transactions, & Auth Technical Changes to the Docs (Dillard) (Introduced by CP at Req of DIA) 6/14/22 CO Introduced: NCSPHS, F 6/21/22 NCSPHS Read 2nd & Rerefer 6/22/22 F Read 2nd & Rerefer 6/28/22 CO PH Read 2nd & Rerefer: NCSPHS, F 7/18/22 NCSPHS Approve 6-1 (Ferraro) Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 6/28/22 • Authorizes Downtown Preservation and Revitalization Program (DPRP) Loans of $1,536,350 (of the total, $1,038,208 can be forgiven and $498,142 will be repaid with interest), subject to future appropriation by Council • DPRP funding will be used to renovate and rehabilitate 323 E. Bay Street into a minimum of 10,000 sq. ft. of commercial tenant space and a dried basement • DPRP funding will be paid upon completion of the project and is subject to repayment if the property is sold within 5 years of disbursement (HPRR and CCR Loans) or 10 years of disbursement (Deferred Principal Loan) • ROI of 0.59 based on a 20-year valuation Page 3 of 10 Finance Committee Agenda - Revised Marked July 19, 2022 6. 2022-0453 ORD Apv & Auth the Mayor, or his Designee, & Corp Sec to Execute & Contact: Deliver that Certain Purchase & Sale Agrmt (the “Agreement”) btwn the Renee Hunter/ COJ & Rawls Ranch, Inc., & All Closing & Other Docs Relating Thereto, Chief Powers & to Otherwise Take All Necessary Action to Effectuate the Purposes of the Agrmt for Acquisition by the City of an Approx 5.39± Acre Parcel Located at 0 Cedar Pt Rd, located in Council Dist 2 (R.E. # 159845-0000) (the “Property”), at the Negotiate Purchase Price of $551,000.00, to be Developed as the New Site for Fire Station 76; Prov for Oversight of Acquisition of the Propty by the Real Estate Div of the Public Works Dept & Thereafter by JFRD (Staffopoulos) (Introduced by CP at Req of Mayor) 6/14/22 CO Introduced: NCSPHS, F 6/21/22 NCSPHS Read 2nd & Rerefer 6/22/22 F Read 2nd & Rerefer 6/28/22 CO PH Read 2nd & Rerefer: NCSPHS, F 7/18/22 NCSPHS Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 6/28/22 • Authorizes a purchase and sale agreement with Rawls Ranch, Inc. for an approximately 5.39 acre parcel to be used as the new site for Fire Station 76 at a negotiated purchase price of $551,000 • Funding for the purchase of land was previously appropriated through Ord. 2021-445-E 7. 2022-0455 ORD Approp $477,324.00 from Duval Co Tax Collector Investment Pool Contact: Earnings to Pay for Completion of Surveillance Sys Upgrades & Install Sherry Hall of Security Badge Access Systems at Various Tax Collector Facilities; Prov for Carryover of Funds into FY 22-23 (B.T. 22-084) (Staffopoulos) (Introduced by CP at Req of Mayor) 6/14/22 CO Introduced: NCSPHS, F 6/21/22 NCSPHS Read 2nd & Rerefer 6/22/22 F Read 2nd & Rerefer 6/28/22 CO PH Read 2nd & Rerefer: NCSPHS, F 7/18/22 NCSPHS Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 6/28/22 Page 4 of 10 Finance Committee Agenda - Revised Marked July 19, 2022 8. 2022-0456 ORD Approp $900,000.00 from the Drainage System Rehab Capital AMEND Improvemts Proj to the Myrtle Ave Stormwater Pump Replacement Proj (the “Project”) to Offset Higher than Est Costs for Completion of the Contact: Proj, Amend the 2022-2026 5-Yr CIP Apvd by Ord 2021-505-E to John Pappas Reflect this Approp of Funds from the Drainage Sys Capital Improvemts Proj to the Myrtle Ave Stormwater Pump Replacement Proj (B.T. 2/3 vote required 22-083) (Staffopoulos) (Introduced by CP at Req of Mayor) by Council 6/14/22 CO Introduced: TEU, F 6/21/22 TEU Read 2nd & Rerefer 6/22/22 F Read 2nd & Rerefer 6/28/22 CO PH Read 2nd & Rerefer: TEU, F Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 6/28/22 AMENDMENT: Attach Revised Exhibit 2 (CIP) to correct prior years and out years amounts 9. 2022-0457 ORD Approp $500,000 from Within the Solid Waste Disposal Fund to Contact: Pay Addl Temp Labor & OT Expenses for Residential Solid Waste John Pappas/ Collections in FY 21-22 (B.T. 22-087) (Staffopoulos) (Introduced by CP Will Williams at Req of Mayor) 6/14/22 CO Introduced: NCSPHS, TEU, F 6/21/22 NCSPHS Read 2nd & Rerefer 6/21/22 TEU Read 2nd & Rerefer 6/22/22 F Read 2nd & Rerefer 6/28/22 CO PH Read 2nd & Rerefer: NCSPHS, TEU, F 7/18/22 NCSPHS Approve 7-0 Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 6/28/22 10. 2022-0458 ORD Apv & Auth the Mayor, or His Designee, & Corp Secretary to DEFER Execute & Deliver a 1st Amend to Rdvlpmt Agrmt by & Among the COJ, the DIA, and Johnson Commons LLC; Revising the Net Rev Threshold At request of Above which Sales Proceeds will be Split btwn the Company & the City; DIA Apv & Auth Execution of Docs by the Mayor and Corp Secretary; Auth Apvl of Tech Amends by the CEO of DIA; Timeline for Execution of Amend by the Company (Dillard) (Introduced by CP at Req of DIA) 6/14/22 CO Introduced: NCSPHS, F 6/21/22 NCSPHS Read 2nd & Rerefer 6/22/22 F Read 2nd & Rerefer 6/28/22 CO PH Read 2nd & Rerefer: NCSPHS, F Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601 – 6/28/22 Page 5 of 10 Finance Committee Agenda - Revised Marked July 19, 2022 11. 2022-0460 ORD-MC Amend Ord 2021-286-E to Replace Revised Exhibit 1 to Contact: Correct Accounting Codes (B.T. 22-080) (Staffopoulos) (Introduced by Tom Daly CP at Req of Mayor) 6/14/22 CO Introduced: NCSPHS, F 6/21/22 NCSPHS Read 2nd & Rerefer 6/22/22 F Read 2nd & Rerefer 6/28/22 CO PH Read 2nd & Rerefer: NCSPHS, F 7/18/22 NCSPHS Approve 6-0 Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 6/28/22 12. 2022-0473 RESO Upon an Acknowledgement of Due Auth & the Making of Contact: Findings, Apv the Issuance by the JHFA of its Multifamily Housing Tom Daly Revenue Bonds (Oak Hammock Apartments), Series 2022, in an Aggregate Principal Amt Not to Exceed $26,247,100 for the Purpose of Financing all or a Portion of the Costs Related to the Acquisition & Rehab of a Multifamily Residential Housing Facility for Persons or Families of Low, Middle or Moderate Income, to be Located at 500 Acme St, Jax, Duval Co, FL, 32211, & to be Commonly Known As “Oak Hammock Apartments”; Determining Credit not Being Pledged (Hodges) (Introduced by CP at Req of JHFA) 6/14/22 CO Introduced: NCSPHS, F, R 6/21/22 NCSPHS Read 2nd & Rerefer 6/22/22 F Read 2nd & Rerefer 6/22/22 R Read 2nd & Rerefer 6/28/22 CO Read 2nd & Rerefer: NCSPHS, F, R 7/18/22 NCSPHS Approve 6-0 7/18/22 R Approve 6-0 • Approximately 155 units • Acquisition and renovation of an existing apartment complex • 100% of the units will continue to be reserved for households at or below 80% AMI Page 6 of 10 Finance Committee Agenda - Revised Marked July 19, 2022 13. 2022-0474 RESO Upon an Acknowledgement of Due Auth & Making of Findings, Contact: Apv the Issuance by the JHFA of its Multifamily Housing Revenue Tom Daly Bonds (Mandarin Trace Apartments), Series 2022, in an Aggregate Principal Amt not to Exceed $22,631,400 for the Purpose of Financing all or a Portion of the Costs Related to the Acquisition & Rehab of a Multifamily Residential Housing Facility for Persons or Families of Low, Middle or Moderate Income, to be Located at 3960 Old Sunbeam Rd, Jax, Duval Co, FL 32257, & to be Commonly Known as “Mandarin Trace Apartments”; Determining Credit not Being Pledged (Hodges) (Introduced by CP at Req of JHFA) 6/14/22 CO Introduced: NCSPHS, F, R 6/21/22 NCSPHS Read 2nd & Rerefer 6/22/22 F Read 2nd & Rerefer 6/22/22 R Read 2nd & Rerefer 6/28/22 CO Read 2nd & Rerefer: NCSPHS, F, R 7/18/22 NCSPHS Approve 7-0 7/18/22 R Approve 6-0 • Approximately 120 units • Acquisition and renovation of an existing apartment complex • 100% of the units will continue to be reserved for households at or below 80% AMI 14. 2022-0488 ORD Readopting Preliminary Rate & Annual Assessment Ord Pursuant 2nd to Chapt 197, F.S., & Chapt 715, Ord Code, for Special Assessments in Downtown Jax Pursuant to Ord 2021-292-E; Identifying the Srvcs Provided; Including the Srvc Cost; Estab the 2022 Assessment Rate; Scheduling the Public Hearings; Prov Notice by Publication & Mailing; Apv the 2022 Final Assessment Roll & Method of Collection; Retaining Rights Under Chapts 170 & 197, F.S. (Bowles) (Introduced by CP at Req of Mayor) 6/28/22 CO Introduced: F Public Hearings Pursuant to Sec. 197.3632, F.S. & C.R. 3.601 - 7/26/22 & 8/9/22 Page 7 of 10 Finance Committee Agenda - Revised Marked July 19, 2022 15. 2022-0489 ORD re the Estab of Deep Bottom Creek Dependent Special Dist in 2nd Accordance with Sec 189.02, F.S.; Incorporating Recitals; Adopting a Charter for “Deep Bottom Creek Dependent Special District” for the Limited Purpose of Maintaining Deep Bottom Creek; Estab the Dependent Nature of the Dist; Estab the Purpose, Powers, Functions & Duties; Estab a Geographic Boundary for the Dist; Acknowledging the Auth to Create the Dependent Special Dist; Recognizing the Best Alternative; Estab a 5 Member Board of Supervisors to be Originally Appointed by the City Council with All 5 Initial Terms Exp on 11/5/2026, & All 5 Supervisors Being Elected by the Qualified Electors of the Dist Beginning with the 2026 General Election; Prov Addnt’l Requirements; Identifying the Method of Financing; Recognizing the Consistency with the Comp Plan (Bowles) (Introduced by CM Boylan) 6/28/22 CO Introduced: NCSPHS, F, Rules, JWC 7/18/22 NCSPHS Read 2nd & Rerefer 7/18/22 R Read 2nd & Rerefer Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601 - 7/26/22 16. 2022-0491 ORD Approp $800,000.00 from Disabled Parking Fines Spec Revenue 2nd Fund to Pay for Accessibility & Equal Opportunity Improvemts for Qualified Physically Disabled Persons in Duval & to Fund Public Awareness Progs in Duval Concerning Physically Disabled Persons (B.T. 22-086) (Staffopoulos) (Introduced by CP at Req of Mayor) 6/28/22 CO Introduced: NCSPHS, TEU, F 7/18/22 NCSPHS Read 2nd & Rerefer Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601- 7/26/22 17. 2022-0493 ORD Approp $1,607,320.00 from General Fund to the Downtown 2nd Economic Dev Fund to Fund the Supplemental Purchase Price Owed to Fuqua BCDC One Riverside Project Owner, LLC (The “Developer”), Successor in Interest to Fuqua Acquisitions II, LLC, in Connection with the Purchase by the City of 4.95± Acres of Developer Owned Real Propty Pursuant to the Redevlpmt Agrmt Among the City, DIA & the Developer dated 12/20/21, Previously Auth by Ord 2021-796-E; Prov Funds Carryover to FY 2022-2023; Prov Oversight by DIA (B.T. 22-092) (Sawyer) (Introduced by CP at Request of DIA) 6/28/22 CO Introduced: NCSPHS, F 7/18/22 NCSPHS Read 2nd & Rerefer Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601 - 7/26/22 Page 8 of 10 Finance Committee Agenda - Revised Marked July 19, 2022 18. 2022-0494 ORD Apv & Auth the Mayor, or His Designee, & Corp Secretary to 2nd Execute & Deliver, the Dev Agrmt (“Agreement”) Among the City of Jax (“City”), City of Jax Beach (“COJB”) & Windward Jacksonville Beach Owner, LLC (“Developer”), which Agrmt Provides for the Redev by the Developer of its Existing Beach Marine Complex Located at 2315 Beach Blvd in COJB, & Propty Conveyances from Developer & COJB to the City (Pursuant to Future Agrmts to be Auth by City Council) as Necessary for the City to Construct the Fully Funded CIP Proj Entitled “2nd Avenue North Roadway Safety Improvements” & an Addnt’l Conveyance from the Developer to the City of 105± Acres of Adjacent, Undeveloped Propty at No Cost; Prov City Oversight by the Dept of Public Works (Sawyer) (Introduced by CP at Req of Mayor) 6/28/22 CO Introduced: NCSPHS, TEU, F 7/18/22 NCSPHS Read 2nd & Rerefer Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601 - 7/26/22 19. 2022-0497 ORD Declaring 3.2± Acres of Real Propty Owned by the City (The “City 2nd Property”), in Council District 7, to be Surplus to the Needs of the City; Apv & Auth the Mayor or His Designee & Corp Secretary to Execute a Real Estate Land Exchange Agreement btwn COJ & Pecan’s Envy, LLC (“Pecan”), & to Execute All Deeds & Closing Documents Relating Thereto, & Otherwise Take All Necessary Action to Effectuate the Purposes of the Agreement, for the Exchange of the City Propty, Having an Appraised Value Reasonably Believed Not to Exceed $100,000.00 But to be Subsequently Estab by a Formal Appraisal, in Exchange for Pecan-Owned Propty of 6.70± Acres, Comprising Portions of RE# 019573-1020 & 019573-1025, with an Appraised Value Reasonably believed to be not in Excess of $100,000.00 but to be Subsequently Estab by a Formal Appraisal, in Connection with the Construction of a Dedicated Public Rd & Related Improvmts for Vehicular & Pedestrian Access to Other Properties, Related Stormwater Facilities, St Lighting, Traffic Signage, & Similar Access-Related Uses for the Benefit of the Community, & Prov Land to Expand City-Owned Seaton Creek Historic Preserve; Waiving Section 122.425 (Disposition by Auction or Sealed Bid), Ord Code; Prov for Oversight by the Dept of Parks, Recreation, & Comm Services (Wilson) (Introduced by CM R. Gaffney) 6/28/22 CO Introduced: NCSPHS, TEU, F, R 7/18/22 NCSPHS Read 2nd & Rerefer 7/18/22 R Read 2nd & Rerefer Public Hearing Pursuant to Chapt 166, F.S. & C.R. 3.601 - 7/26/22 NOTE: The next regular meeting will be held Tuesday, August 2, 2022. *****Note: Items may be added at the discretion of the Chair.***** Page 9 of 10 Finance Committee Agenda - Revised Marked July 19, 2022 Pursuant to the American with Disabilities Act, accommodations for persons with disabilities are available upon request. Please allow 1-2 business days notification to process; last minute requests will be accepted; but may not be possible to fulfill. Please contact Disabled Services Division at: V 904-255-5466, TTY-904-255-5476, or email your request to KaraT@coj.net. Page 10 of 10