[1. Call to Order]
[00:00:08]
>> OKAY, GOOD EVENING. I WOULD LIKE TO CALL THE CITY COMMISSION WORKSHOP FOR THE CITY OF PARKLAND AT 5:00 P.M.
TO ORDER. PLEASE RISE FOR 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. ROLL CALL.
>> COMMISSIONER MAYERSOHN? >> I AM HERE.
>> VICE MAYOR ISROW? >> HE APPEARED
>> FOR AN EIGHT? COMMISSIONER BRIER? MAYOR WALKER QUEST
>> HERE. WE ARE GOING TO START WITH OUR AGENDA. THE 2025 PROPOSED BUDGET. CHRIS, WOULD YOU PLEASE DO YOUR PRESENTATION
[4.A. FY 2025 Proposed Budget]
FOR THE BUDGET. >> ABSOLUTELY. GOOD EVENING, FOR THE RECORD, KRISTA JOHNSON, FINANCE DIRECTOR. TONIGHT IS THE THIRD STEP IN THE PROCESS WHERE YOU CAN REVIEW THE BUDGET AND THIS IS YOUR OPPORTUNITY TO PROVIDE FEEDBACK TO US. WE DID HAVE A RESIDENT WORKSHOP LAST WEDNESDAY AT 6:00. WE DID HAVE ONE RESIDENT SHOW UP FOR THAT. AT THE SAME TIME, WE ALSO HAD A ZERO COMMENT THROUGH OUR ONLINE BUDGET PORTAL RIGHT NOW. I WANTED TO LET YOU ALL KNOW THAT. SO, IT IS 20 2500 IS PREDICATED BY TAXABLE VALUE AT 8.2 MILLION. THAT IS AN INCREASE OF $634 MILLION COMPARED TO LAST YEAR WHERE 440 MILLION OF THAT CAME FROM EXISTING HOMES, WHICH MADE UP 60%. I ALWAYS WANT TO POINT THAT OUT AS WE GET CLOSER AND CLOSER TO BUILDOUT. THAT EXISTING VALUE IS WE SHOULD EXPECT NO MORE THAN TWO OR 3% EACH YEAR. 85 PERCENT OF OUR HOMES ARE HOME STANDING. MISSES 4.2979, WHICH IS THE SAME AS THE LAST YEAR. WITH THAT ADDITIONAL TAX VALUE, WE SHOULD RECEIVE AN ADDITIONAL $2.5 MILLION IN REVENUE. OUR FIRE ASSESSMENT IS GOING UP IN CONJUNCTION WITH THE INCREASE WITH OUR CORAL SPRINGS PARKLAND FIRE CONTRACT. WE ARE NOW UP TO ABOUT $311 PER RESIDENTIAL UNIT. HERE IS A BRIEF GRAPH OF WORK WE HAVE BEEN FOR THE PAST 10 YEARS , RIGHT ABOUT $210 BBC WE HAVE INCREASED THAT ONLY $100 IN THE LAST 10 YEARS.
LEGALLY, BASED ON OUR FIRE ASSESSMENT REPORT FROM A FEW YEARS AGO, THE MAXI COULD CHARGE IS ABOUT $440. SOLID WASTE ASSESSMENTS, THIS WAS PASSED IN THE ORDINANCE 2024-007. THE THIRD AMENDMENT TO THE CONTRACT. THIS INCREASES 5%. SO ABOUT $482 PER HOUSEHOLD. THIS IS A STRAIGHT REAL INTO SOLID WASTE. SO, WE WANT TO MAKE SURE THAT IS CRYSTAL CLEAR TO EVERYONE. WITH THIS, FOR ALL FUTURE YEARS, IT HAS THAT YEARLY 5% INCREASE FOR THIS CONTRACTUAL TERMS. HERE IS A BRIEF SUMMARY OF THE SECOND YEAR OF THE STORMWATER ASSESSMENT. ADDITIONAL $39 UP TO ABOUT HUNDRED AND $80 PREMIUM. THAT WILL COVER APPROXIMATELY $525,000 IN THE SECOND YEAR OF OUR -- RESIDENTS THAT MAY BE LISTENING, HOW MUCH OF YOUR TAX DOES THE CITY RECEIVE? A LOT OF TIMES, IT IS MISUNDERSTOOD.
RESIDENTS AND THAT THE CITY RECEIVES EVERY BIT OF YOUR TAX DOLLARS. THE CITY RECEIVES ABOUT 23%. IT IS SPLIT UP BETWEEN SEVEN DIFFERENT ENTITIES. TO THIRD GOES OF IT TO BROWARD COUNTY AND THE SCHOOL BOARD. 23% FOR US HERE AT PARKLAND. THE REMAINING 10% IS SPLIT BETWEEN FOUR OTHER ENTITIES. HERE IS HOW OUR PROPOSAL RATES COMPARED TO OUR NEIGHBORING CITIES. CORAL SPRINGS AT ABOUT 6.2. COCONUT CREEK AT ALMOST 6.9. TAMARACK ABOUT .4. -- 7.4. I DO WANT TO POINT OUT THAT TAMARACK AND COCONUT CREEK HAVE PROPOSED
[00:05:03]
SLIGHT INCREASES TO THEIR 2025 PROPOSED RATE. A FEW OF THE GENERAL FUND HIGHLIGHTS THAT YOU WILL BE -- SEE IN YOUR BUDGET BUT, IT IS PRETTY MUCH STATUS QUO. WE HAVE ONE FULL-TIME SENIOR ENGINEER. AT THE SAME TIME, WE ARE ELIMINATING ONE FULL-TIME. SO, ZERO NEW FULL-TIME POSITIONS AND SAME THING WITH PART-TIME POSITIONS. WE ARE ADDING THE ONE PART-TIME HISTORIAN AND ELIMINATING A PART-TIME BUILDING INSTRUCTOR. AFFECT OCTOBER 1ST, WITH INFLATION GOING CRAZY OUT THERE, WE ARE PROPOSING A COST-OF-LIVING INCREASE FOR ALL EMPLOYEES AT 3.5%. RATE INCREASES ARE THE SAME AND ZERO TO 3%. THE EMPLOYEE RETIREMENT CONTRIBUTION, I WANT TO POINT THIS OUT. IT IS A DEFINED CONTRIBUTION PLAN. IT IS NOT AN OLD-SCHOOL PENSION PLAN, SUBDUED. WE ARE NOT SUBJECT TO ANY UNFUNDED PENSION LIABILITIES AT ANY OTHER CITIES OR MUNICIPALITIES IN THE STATE OR COUNTRY ARE STRUGGLING WITH. THE CONTRIBUTIONS STAY UNCHANGED THIS YEAR AT 11%, IN ADDITION TO THE ABILITY TO ENHANCE THE CITY'S BENEFIT PACKAGE. WE WILL CONTINUE TO OFFER A 4% MATCH YOU ALL FULL-TIME EMPLOYEES THAT CONTRIBUTE 4% TO THEIR RETIREMENT FUND. AS OF NOW, HEALTH AND GENERAL INSURANCE RATES, WE ARE STILL TRYING TO WORK THROUGH THOSE NUMBERS. THE INCREASE IS ABOUT $700,000.AGAIN, FIRE RESCUE IS ABOUT 470. ONE THING THAT IS VERY, VERY IMPORTANT IN THIS BUDGET AND ANY BUDGET IS OUR STABILIZATION RESERVE. WE HAVE JUST UNDER $13 MILLION SET ASIDE FOR EITHER EMERGENCIES, HURRICANES, THINGS OF THAT NATURE. THEN YOU HAVE ECONOMIC DOWNTURNS. SO, ALMOST $13 MILLION SET ASIDE TO FUND EXPENDITURES IN THOSE ENTITIES.
THIS YEAR WE ARE ALSO INCREASING OUR FUNDING FOR INFRASTRUCTURE AND THE REPLACEMENT FUNDS THE TUNE OF AN ADDITIONAL $550,000. THAT IS KEY AS WE GET OUR INFRASTRUCTURE GETTING OLDER AND OLDER. IT IS COSTLIER AND COSTLIER TO REPLACE THOSE ITEMS. ALSO ADDED JUST UNDER $2.3 MILLION IN CAPITAL PROJECT FUNDING IN THIS BUDGET, AS WELL. SO, FOR AN OVERALL OPERATING PERSPECTIVE, WITH YOUR DEBT SERVICE AND YOUR MISCELLANEOUS TRANSFERS OUT.
OPERATIONALLY, THE OVERALL INCREASE IS ABOUT 5% COMPARED TO FISCAL YEAR 2024. HERE IS A LIST OF THE 2025 PROJECTS. I AM NOT GOING TO GO THROUGH THESE ONE BY ONE. BUT, THE PARK, THE DRAINS AND IMPROVEMENT IN THE EXPANDED PARKING. THOSE THREE ITEMS WERE DISCUSSED AT THE STRATEGIC PLANNING SESSION BACK IN APRIL. I THINK EVERYONE IS FULLY AWARE OF WHAT IS GOING ON HERE. ALL OF THE OTHER ONES, THEY ARE JUST SMALLER PROJECTS THAT HAVE COME ALONG DURING THE BUDGET PROCESS THAT WE WERE DECIDING TO GO AHEAD AND FUND FOR FISCAL YEAR 2025. HERE IS OUR INFRASTRUCTURE REPLACEMENTS. THIS PROGRAM IS PART OF THE REPLACEMENT PLAN. THE BIGGEST ONE FOR THIS YEAR IS REROOFING AND PAINTING CITY HALL. THE PLAN IS TO PUT A BRAND-NEW ROOF ON CITY HALL THAT SHOULD HAVE A 40 TO 50 YEAR LIFE. SO, ONCE IT IS TIME TO BE REPLACED, HOPEFULLY NONE OF US ARE HERE TO DEAL WITH IT, TO BE HONEST. THAT IS THE LARGEST ITEM IN THE INFRASTRUCTURE REPLACEMENT FUND. EVERYTHING ELSE FROM THE PARK IMPROVEMENTS, THE FIREARM PANELS AND SOME OF THESE PAINTING PROJECTS, THEY ARE ALL PROGRAMMED INTO THE REPLACEMENT PLAN. THE SAME THING HERE WITH THE CAPITAL REPLACEMENTS. ALL OF THESE ITEMS ARE PROGRAMMED AS SOME OF OUR OLDER FLEET EQUIPMENT TO GET TO THAT POINT WHERE THEY ARE COSTING TOO MUCH TO MAINTAIN AND KEEP ON THE ROAD, SO TO SPEAK. IT IS TIME TO REPLACE THEM. WE HAVE A NICE DETAILED SCHEDULE OUT. THE BIGGEST ITEMS HERE ARE FIVE DIFFERENT TRACKS WITH EQUIPMENT FOR THE FIRE DEPARTMENT. I WON'T GO THROUGH THESE ONE ON ONE, THEY ARE ALL IN YOUR BUDGET BUT. LASTLY, THREE LARGE PROJECTS THAT ARE FUNDED WITH SET -- SEPARATE CAPITAL FUNDS. THE ROADWAY PLAN WITH THE 1.6 MILLION, THE RANCHES ROADWAY RE-SERVICES AT 3.9 MILLION AND THE CONTINUATION OF THE PLANNING HALL PROJECT AT
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325,000, THAT IS COMING OUT OF THE STORMWATER MANAGEMENT FUND.THE PROJECT SET UP AND FUNDED THROUGH THE AMERICAN RESCUE PLAN ACT, THE ARPA FUND COVERAGE WILL CONTINUE THROUGH FISCAL YEAR 2025. IN TOTAL, THE COMPLETE CAPITAL BUDGET FOR -- PROPOSED FOR 2025 IS IS UNDER $41 MILLION. TODAY YOU CAN SEE THE BREAKDOWN BY FUND AS TO WHICH BUCKET EACH FUNDING COMES OUT OF. WITH THAT, I WILL TAKE ANY QUESTIONS, COMMENTS, CONCERNS THAT YOU ALL MAY HAVE ON THE PROPOSED 2025 BUDGET. MY
THANK YOU VERY MUCH. >> YOU'RE WELCOME.
>> ANYONE HAVE ANY QUESTIONS? >> I DO HAVE A COMMENT, AS ALWAYS. I TRULY APPRECIATE ALL OF YOUR HARD WORK. NANCY AND THE REST OF THE STAFF, THIS IS NOT AN EASY TASK. I THINK THE FACT THAT YOU HAVE SHOWED THE RATES BETWEEN US AND OUR NEIGHBORING CITIES AND NOT JUST THE DISPARITY, BUT THE AMOUNT OF NEW PROJECTS AND THE NEW IMPROVEMENTS WE DO TO OUR CITY WITH THAT. SO, I THINK THAT ALWAYS NEEDS TO BE CALLED OUT.
THE QUESTION I HAVE IS MORE OF A -- SOMETHING THAT IS BEEN BROUGHT TO MY ATTENTION RECENTLY. PRINCIPAL GRAVY AT HERON HEIGHTS APPROACHED ME. THERE IS AN ISSUE IN WHICH BSL HAS MADE CLEAR THAT THEY ARE NOT TO BE ASSISTING WITH ROAD CROSSING. WHAT IS HAPPENING NOW, THERE IS NOW A SAFETY RACE THAT IS BEING PRESENTED BECAUSE BOARD POLICY IS THAT SCHOOL STAFF ARE NOT ALLOWED TO ASSIST WITH TRAFFIC FLOW. IF THE SRO IS NOT EITHER, NOW WE HAVE CREATED A GAP. SHE ASKED ME IF THERE IS ANY WAY THAT THE CITY CAN EITHER CONTRIBUTE OR PARTICIPATE. OBVIOUSLY, I TOLD HER WE CANNOT COMMIT TO ANYTHING BUT IT IS A TOPIC THAT NEEDS TO GET BROUGHT UP. MY UNDERSTANDING IS THAT MSD IS HAVING A SIMILAR ISSUE.
CROSSING FROM TOWARDS THE GATE. TO GET TO HERON HEIGHTS, PREVIOUSLY, THERE HAVE BEEN A CROSSING GUARD. YEAH.
>> THERE ISN'T A CROSSING GUARD?
>> CORRECT. THEY ARE TRYING TO DO A MAKE SHIFTING TEMPORARILY, BUT NO ONE DEDICATED. WHAT THEY ARE SAYING IS THEY WERE PREVIOUSLY TRYING TO USE AND SRO, NOW THEY ARE DOWN A SECURITY SPECIALIST. BSO IS NOT ALLOWING THEM TO USE IT BECAUSE THEY DON'T WANT ANYONE STATIONED.
>> THEIR PURPOSE IS NOT TO BE THERE.
>> RIGHT. THE SCHOOL BOARD POLICY IS THAT STAFF OF THE SCHOOL IS NOT ALLOWED TO DO IT. WE ARE IN A WEIRD PURGATORY.
>> DID I HEAR YOU SAY THEY ARE SHORT A POSITION?
>> IT WOULDN'T MATTER, THAT IS A BSO POSITION. THEY STILL WOULD NOT BE ALLOWED TO BE TRAFFIC CONTROL ANYWAY.
>> JACKIE WEHMEIER, SENIOR DIRECTOR OF INTERNAL AFFAIRS BUT THAT WOULD TAKE HIRING EXTRA CROSSING GUARDS FOR EACH SCHOOL AND EACH ONE OF THOSE BUS CROSSINGS. BUT, AS THE CITY MANAGER JUST MENTIONED, BSO WITH THE SRO DOES NEED TO ENSURE THAT EVEN THOUGH THOSE SRO MAY HAVE SOME POINT IN TIME ASSISTED WITH TRAFFIC COMING IN AND OUT AT THE BUS LOOPS, THEY DO NEED TO ENSURE THAT THEY ARE NOT STATIONARY IN ONE PLACE IN THE SCHOOL BETWEEN THE TWO OR THREE SRO, THEY ARE MOVING THROUGHOUT THE SCHOOL NO MATTER WHAT TIME IT IS. I AM NOT SURE AT WHAT POINT THAT CHANGED, BUT I KNOW THAT OVER THE PAST FEW YEARS, IT HAS BEEN THE POLICY, TO ENSURE THE SAFETY THAT THEY MUST MOVE ABOUT. I COMPLETELY UNDERSTAND THAT, BUT IT CREATES
A GAP. >> IT DOES. I AM NOT SURE IN THESE SCHOOLS IF THESE WILL BOARD WILL FUND SOME OF THOSE SAFETY PERSONNEL OR SOMETHING THAT YOU WILL SEE ON A GOLF CART MONITORING WERE OPENING UP DEEDS IN THE MORNING. I KIND OF THING. BUT OTHERWISE, KIND OF LIKE THE SRO FUNDING ITSELF, THAT IS SOMETHING THAT WHEN IT COMES TO THE CROSSING GUARDS, THE COST OF THAT IS BORN COMPLETELY BY THE CITY AND WE DO NOT GET ANY REIMBURSEMENT, UNLIKE SRO. PRINT WHAT ARE YOU
RAISING THAT ISSUE? >> WHAT I AM CONCERNED ABOUT IS WITHOUT A CROSSING GUARD, SOME FAMILIES WALK WITH THEIR KIDS TO SCHOOL. THERE ARE SOME KIDS THAT ARE WALKING ALONE. PRINT WHAT I'M TRYING TO PICTURE WHAT YOU ARE TALKING ABOUT. THE
BACK IT? >> THERE ARE CROSSING GUARDS .
>> IT IS RIGHT AT THE CORNER OF PINE ALLEN AND HERON HEIGHTS.
[00:15:02]
>> THERE SHOULD BE CROSSING GUARDS THERE.
>> THAT IS WHAT THEY ARE SAYING. THEY ARE SAYING THEY DON'T HAVE IT CROSSING GUARD DEDICATED TO THAT SPACE.
>> THERE ARE CROSSING GUARDS AT INTERSECTIONS, BUT NOT NECESSARILY CROSSING OVER IN ENTRY TO THE SCHOOL.
>> YOU ARE TALKING ABOUT IN THE MIDDLE OF THE ROAD.
>> IT IS CROSSING A SIDEWALK. >> I DON'T KNOW IF IT IS THE
MIDDLE-OF-THE-ROAD. >> THERE IS NO CROSSWALK.
>> ISN'T THERE A CROSSING GUARD FROM THE PARKSIDE TO THE SCHOOL BUT NOT THE OTHER WAY? THERE IS OBVIOUSLY THE INTERSECTION, RIGHT? YOU HAVE A CROSSING BOARD -- GUARD THAT IS GOING AROUND. KIDS ARE COMING ACROSS FROM THE OTHER SIDE OFHILL AND THAT CROSSING GUARD IS GETTING PULLED.
INTERMITTENTLY TRYING TO ASSIST.
>> THERE IS NOT A CROSSING GUARD ALLOWING THEM TO GO ACROSS FOUR LANES. WOMEN TALKING ABOUT WHERE THE BUS LOOP IS IT IS NOT CROSSING AT ANY INTERSECTION OR CROSSING A ROAD. IT IS CROSSING THE SIDEWALK WHERE THE ENTRY IS INTO THE SCHOOL THAT THE BUSES GOING.
>> THAT IS NOT MY UNDERSTANDING. I ACTUALLY HAVE AN EMAIL. I CAN READ DIRECTLY FROM THE EMAIL. IT WENT TO ALL PARENTS AT HERON HEIGHTS. THIS IS OBVIOUSLY BECOMING --
>> ONE FOR PINE ISLAND AND ONE FOR NOB HILL.
>> IS THE NOB HILL ONE AT THE END OF HERON BAY BOULEVARD? IS THAT WHERE THE CROSSING GUARD IS?
>> AT THE LIGHT. >> BASICALLY, RIGHT AT THE PARK. RIGHT AT THE CORNER. YOU CROSS OVER NOB HILL.
>> THE EMAIL ABOUT THE BUS LOOP AREA. THAT IS WHAT YOU ARE SAYING. THERE IS A GAP. IT MAY NOT BE THE LONG WALK, IT IS SOMEONE WHO IS CROSSING IN FRONT OF WHERE THE TRAFFIC IS STILL LEAVING THE SCHOOL ARE ENTERING THE SCHOOL. THE GATE
ENTRANCE, EXACTLY. >> SO, WHAT IS HAPPENING, PEOPLE ARE NOT WALKING ALL THE WAY DOWN THE SIDEWALK TO THE INTERSECTION TO GET TO THE CROSSWALK? THEY WANT TO CUT
ACROSS THE ROAD? >> THEY ARE TALKING ABOUT WHERE THE BUS LOOP IS -- KIDS ARE EITHER BEING DISMISSED OR GOING, THERE IS NO ONE MANAGING IT.
>> APPARENTLY FROM WHAT SHE TOLD ME, MSDS HAD A SIMILAR ISSUE. I ASKED HER TO REACH OUT AND SEE HOW THEY ARE MANAGING IT. YOU KNOW, FROM AN INFORMATION GATHERING POINT.
WHAT I AM SEEING AS THEY ARE BEING PLACED IN POSITION WHERE THEY ARE BREAKING SCHOOL BOARD POLICY WERE CREATING A SAFETY RISK. THAT SHOULD NOT BE A CHOICE. IF THAT IS THE CASE, AGAIN, MSD, I CANNOT SPEAK ON BEHALF OF MSD. I HAVE ONLY SPOKEN WITH PRINCIPAL GRIEVING. IT IS BEING CIRCULATED TO ALL PARENTS TO WHICH THEY COULD FIND A WORK AROUND AND FIND A NEW PATH. ULTIMATELY, AS WE HAVE SEEN --
>> IF YOU DON'T HAVE A CROSSING GUARD WHO IS GOING TO MANAGE THAT SPOT , THEY ARE GOING TO.
>> YOU KNOW THE SU AT MSD? THAT IS WHAT WAS BROUGHT TO LAST YEAR'S STRATEGIC PLANNING. THE REQUEST FOR MSD TO HAVE THAT ADDITIONAL CROSSING DARTED THEIR BUS LOOP.
>> THE DIFFERENCE HERE IS THAT YOU ARE TALKING ABOUT HIGH SCHOOL KIDS THAT THERE IS NO STATUTE OR REQUIREMENT THAT WE
PROVIDE CROSSING GUARDS. >> UNDERSTOOD THAT I AM JUST PUTTING IT IN CONTEXT. THIS IS ELEMENTARY SCHOOL.
>> FROM ENVISIONING IT WHERE THE BEST LOCATION IS, THAT WE WOULD BE REQUIRED TO PROVIDE CROSSING GUARDS. RIVER GLADES, THERE IS ONE THAT IS ALREADY THERE THAT PROVIDES THE ENTRANCEWAY, NOT THE EXIT WAY.
>> THE ENTRANCEWAY. >> LAST YEAR, OR TWO YEARS AGO, I THINK WE PUT ONE UP TEMPORARILY FOR THE FIRST COUPLE OF DAYS UNTIL EVERYBODY WINDS DOWN OR WHATEVER. YOU PEOPLE THAT ARE DROPPING KIDS OFF IN THE BUS LOOP, CAR LOOP, WHATEVER. I MAY NEED TO EXIT. THEY WILL LOCK THAT GATE SO THERE IS ONE WAY TO EXIT. IT GIVES THAT CROSSING GUARD.
AGAIN, I WOULD SUPPORT THAT IN OUR ELEMENTARY SCHOOLS IF WE
NEED TO HAVE IT. >> GO AHEAD. WHAT I WOULD LIKE TO RECOMMEND IS I HEAR THAT HE COULD BE A POTENTIAL PROBLEM.
THAT IS CONCERNING FOR ALL OF YOU. SO, WHY DON'T YOU LET US RESEARCH THE PROBLEM AND ASSESS IT AND COME BACK TO YOU ON FIRST READING AND LET YOU KNOW WHAT OUR SS IS, THE COST OF A
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CROSSING GUARD IN THE POTENTIAL OVERALL IMPACT ON INCREASING WHAT IT WOULD HAVE TO BUDGET AND WE CAN MAKE AN ADJUSTMENT IF THAT IS THE DESIRE OF THE COMMISSION.>> THERE IS A NEED WITH THE OTHER SCHOOL.
>> YES. I THINK THAT IS SOMETHING WE COULD DO PRIOR AND GET BACK TO YOU BY FIRST READING. OKAY.
>> THANK YOU. >> ANYBODY ELSE HAVE ANY QUESTIONS OR ANYTHING LIKE THAT? TO VICE MAYOR ISROW , TO YOUR POINT, THANK YOU FOR ALL THE HARD WORK AND ALL OF THAT.
BUT I THINK WE ARE GOOD. >> I WAS MAKE A COMMENT, AS WELL. THIS IS TO CHRIS AND NANCY AND EVERYONE ELSE ON THE BUDGET. THIS BOOK IS INCREDIBLE. IT TELLS YOU, BASICALLY, WHAT OUR FINANCES ARE. YOU KNOW, I HAVE SPOKEN TO CHRIS ALONG THE WAY AND ABOUT EVEN TO THE POINT OF ANYTHING THAT WE OUTSOURCE. DIFFERENT THINGS, WHICH IS IN THE BOOK.
SO, IT HAS BEEN A WORK IN PROGRESS, BUT IT ANSWERS ALL OF THE QUESTIONS. SO, GREAT WORK, KUDOS, FANTASTIC JOB.
>> ONE QUESTION, DID THE NUMBERS THAT YOU PUT IN THERE FOR HOUSEHOLDS OR RESIDENTS INCLUDE OR EXCLUDE WHAT WE HAVE PLANNED FOR HERON BAY. IS THAT NOT IN THE WORKS YET?
>> THAT IS PART OF OUR FIVE-YEAR FORECAST, IT REALLY HAS NOTHING TO DO WITH THE FY 25. WE DON'T EXPECT THAT MANY HOMES FOR A COUPLE OF MORE YEARS. IT IS IN OUR ANNUAL
FORECASTING TOOLS. >> IN THE FIVE-YEAR FORECAST, ARE YOU ALSO INCLUDING THE COMMERCIAL PROPERTY.
>> ONCE WE GET SOME MORE DEFINITIVE DETAILS, WE WILL ASSESS THAT. BUT THERE IS NO WAY THAT WE TRULY KNOW AS OF
[4.B. Heron Bay Discussion]
>> ALL RIGHT. LET'S GO TO ITEM B.
>> CALM DOWN, KEN. KEN HAS TWO PRESENTATIONS THIS EVENING. THE FIRST ONE BEING THE MARKET STUDY. ONE OF THE DESIRES WAS TO TAKE A LOOK AND SEE WHAT EXACTLY WHAT THE MARKET CALL FOR ON THE 9.3 ACRES. SO, WE FOCUSED MAINLY ON THE 9.3 ACRES. UNDER WORKSHOP? OKAY. RIGHT HERE. THERE WE GO.
FEASIBLE IN THAT 9.3 ACRES. >> OKAY. GOOD AFTERNOON. MAYOR, COMMISSIONERS, INTERESTING FOR HIM HERE. YEAH, IT IS OKAY.
FROM CALLIER. AS NANCY SAID, YOU KNOW THIS IS MAY, SO, AT THE END OF MAY, WE COMPLETED THIS MARKET ASSESSMENT FOR THE 9.3 ACRE COMMERCIAL SITE. GOING TO GIVE YOU A QUICK OVERVIEW WITH WHAT WAS IN THAT REPORT. WE OBVIOUSLY LOOKED AT THE 9.3 ACRES AS A SITE. WE WENT TO A MARKET ANALYSIS WITH REAL ESTATE AND BUSINESS MIX AND CAME UP WITH OUR RECOMMENDATIONS AND TERMS OF WHAT WE THINK THE SITE COULD ATTRACT, COULD HANDLE, AND SOME RECOMMENDATIONS. SO, I'M JUST GOING TO RUN THROUGH THAT FAIRLY QUICKLY. AGAIN, WE ARE TALKING ABOUT THE 9.3 ACRE FORMER CLUBHOUSE SITE. 11 801 HERON BAY BOULEVARD TECHNICALLY WORLD SPRINGS. LET ME GIVE YOU A PERSPECTIVE DATE OF THE MARKET ANALYSIS. THERE IS ABOUT IN THIS RADIUS AREA THAT WE ARE LOOKING AT, ABOUT 7.5 MILLION SQUARE FEET OF SPACE. MOST OF WHICH IS IN CORAL SPRINGS. WHAT THE REPORT WILL SHOW YOU IS THAT THIS IS A MARKET THAT HAS BEEN MOVING IN THE RIGHT DIRECTION, MEETING RENTAL RATES ARE GROWING AT A VERY HEALTHY RATE. NOT A LOT OF NEW SPACES BEING BUILT, BUT IT IS DRIVING DOWN THE VACANCY RATE. WHAT
[00:25:01]
EFFECTIVELY IT IS TELLING US IS THAT THIS CLUSTER OF THE MARKET, THE PARKLAND, CORAL SPRINGS RETAIL MARKET IS EXTREMELY STRONG AND IS CAPABLE, MORE THAN CAPABLE, I WOULD SAY, READY FOR A NEW RETAIL DEVELOPMENT BASED ON THE MARKET. THIS CHART GIVES YOU A SENSE OF WHERE RENT HAS GROWN.YOU ARE LOOKING AT SOME OF THE MOST HEALTHY RENTAL RATE GROWTH IN THE RETAIL MARKET THAT WE HAVE SEEN IN ALL OF BROWARD COUNTY. PRIMARILY IF YOU LOOK AT THAT INVENTORY NUMBER, IT STAYED RELATIVELY STATIC, YOU KNOW, OVER THE COURSE OF THE LAST, BASICALLY 15 YEARS. NOT A LOT OF NEW SPACE, IN CONTEXT, IS REALLY BEING BUILT. SO, LIKE I SAID, SUPPLY AND DEMAND, DRIVING UP RENTAL RATES TO THE POINT THAT NEW CONSTRUCTION IS NOW FEASIBLE AND ECONOMICALLY VIABLE. OBVIOUSLY, IT IS DRIVEN DOWN WITH THE RENTAL RATES. THE OTHER THING THAT WE LOOK AT, WE LOOKED AT NOT ONLY OBVIOUSLY THE MARKET DYNAMICS ARE STRONG, IT IS STRONG RENTAL GROWTH, ET CETERA. BUT WE LOOK AT WHAT WE CALL THE MARKET POTENTIAL. OBVIOUSLY ON THE SITE, YOU KNOW, -- THEN WE LOOK AT WHAT WE CALL THE 30-70% TRADE ERROR.
WE LOOK AT THE DEMOGRAPHICS OF SPECIFIC TARGET RESIDENTS AND DEMOGRAPHICS WITHIN THOSE TRADE AREAS. IN THEORY, THE 30% OF THE PEOPLE THAT LIVE CLOSEST TO A SITE. THEY'RE GOING TO EFFECTIVELY USE IT MORE OFTEN AND SO FORTH. THESE ARE GENERAL KIND OF MARKET TRENDS THAT WE USE WHEN WE FIGURE OUT WHAT THE POTENTIAL IS WITHIN A PARTICULAR SITE. OBVIOUSLY YOU WANT TO KNOW THE PEOPLE THAT IMMEDIATELY SURROUNDING IT. BUT IF YOU GO OUT A LITTLE BIT FURTHER, IT ALSO TELLS AN INTERESTING STORY. THAT REALLY WORKS INTO A SUPPLY AND DEMAND SLASH WHAT WE CALL A GAP ANALYSIS. WE LOOK AT THE DATA.
WE HAVE THIS UNBELIEVABLE RESOURCE THAT REALLY TELLS US WHERE PEOPLE IN THOSE 30-50-70% TRADE AREAS ARE SPENDING MONEY.
THE GAP ANALYSIS SAYS THERE IS DEMAND IN A CERTAIN AREA AND THERE IS SUPPLY OR LACK THEREOF IN A CERTAIN AREA. SO, FOR INSTANCE, IN THE SUPPLY AND DEMAND ANALYSIS THAT WE WENT THROUGH IN THAT 30% AREA, IN THE IMMEDIATE VICINITY TO BE HERON BAY SITE, THERE IS AN $81 MILLION DEMAND IN CUSTOMER DEMAND FOR RESTAURANTS . ONLY $41 MILLION IS BEING SUPPLIED WITHIN THE TRADE AREA. SO, THAT MEANS THERE IS $40 MILLION EFFECTIVELY THAT IS GOING OUT OF THAT TRADE AREA BEING SPENT ELSEWHERE AND IT SHOWS YOU THAT THERE IS CAPACITY WITHIN THAT IMMEDIATE TRADE AREA. WE WENT THROUGH ALL OF THE VARIOUS DIFFERENT DYNAMICS AND EFFECTIVELY, WHAT THE ASSESSMENT TELLS US IS THAT HEALTH, FITNESS, WELLNESS, EXPERIENTIAL, INTERACTIVE RETAIL, THEY ARE ALL UNDER SUPPLIES AND WOULD BE SUCCESSFUL IN THIS LOCATION.
THAT IS WHAT THE DATA TOLD US. WE THEN LOOKED AT THE SITE IN PARTICULAR. OBVIOUSLY, UNDERSTANDING SOME OF THE DYNAMICS OF WHAT THE COMMUNITY AND RESIDENTS WANT. SO ON AND SO FORTH, TAKE A BALANCE OF THE FACT THAT THE SITE DOES NOT HAVE THE GREATEST VISIBILITY. SO, WE LOOK AT ALL OF THE MARKET FACTORS AND THEN WE COME UP WITH WHAT WE THINK ARE REALLY THE MOST REASONABLE AND ECONOMICALLY ATTAINABLE RETAIL CATEGORIES FOR THAT SITE. AS YOU CAN SEE, RESTAURANTS, RECREATION, BEAUTY AND SPA SLASH WELLNESS. THEN, INDEPENDENT AND ASSISTED LIVING. SO, THOSE CATEGORIES WERE KIND OF THE MAIN FOOD GROUPS. IF YOU BROKE THOSE DOWN, THERE WERE DIFFERENT TYPES OF FACILITIES THAT COULD FIT WITHIN OBVIOUSLY RESTAURANTS, SO ON AND SO FORTH. YOU START LOOKING AT THINGS LIKE ADVENTURE PARKS, HEALTH AND WELLNESS RETREATS, CULTURAL ARTS CENTERS, OUTDOOR RETAIL AND ENTERTAINMENT COMPLEXES, SPECIALTY VILLAGES, AND OBVIOUSLY, INDEPENDENT AND ASSISTED LIVING. SO, THOSE ARE THE MARKET SEGMENTS THAT THE DATA TELLS US WOULD AND COULD BE SUCCESSFUL IN THIS LOCATION. THEN, WE MADE SOME SPECIFIC
[00:30:07]
RECOMMENDATIONS IN THE STUDY, AGAIN. OBVIOUSLY, ROUND FITNESS AND WELLNESS COMPONENTS. THIS IS AN EXAMPLE OF AN OUTDOOR ENTERTAINMENT AND RECREATIONAL FACILITY. ANOTHER TYPE OF RECREATIONAL FACILITY THAT YOU SEE DOWN IN MIAMI, THESE TRACKING -- TRACKING ADVENTURE PARKS, FOR LACK OF A BETTER WORD. THAT OBVIOUSLY, WITH WHAT BROWARD HEALTH IS DOING, THEN THE DEMOGRAPHICS OF WHERE THIS WAS MOVING, IT POINTED TO THE NEED THAT INDEPENDENT AND ASSISTED LIVING WOULD BE SUCCESSFUL IN THIS AREA. SO, THOSE WERE AFFECT DEADLY -- EFFECTIVELY, OUR RECOMMENDATIONS. WE COMPLETED THIS STUDY AT THE END OF MAY, JUNE, GIVE OR TAKE. WE GAVE IT TO STAFF, AND THEN, AT THE DIRECTION OF STAFF, WE WILL GET TO THAT IN A SECOND. WE DID GO OUT INTO THE MARKET, IN JULY, TO EFFECTIVELY TEST THESE CONCEPTS AND TARGET THESE KIND OF USERS AND SEE WHAT EFFECTIVELY THE MARKET WOULD SAY TO US. SO, BEFORE I GET INTO THAT PART OF OUR PRESENTATION, IS THERE ANYTHING IN THE MARKET STUDY ASSESSMENT THAT JUMPS OUT AT ANYBODY OR ANY QUESTIONS?>> WHAT I DON'T UNDERSTAND IS IF THERE -- IF THERE IS A HIGH DEMAND FOR HEALTH AND WELLNESS, AND IT LOOKS LIKE FROM THE FIRST COUPLE OF STARTS, THERE IS VERY LITTLE VACANCY AND AN INCREASING RENT AMOUNT FOR COMMERCIAL CAN'T THERE BE A SYNERGY BETWEEN THE TWO? WHY ARE WE LOOKING FOR COMMERCIAL THAT IS IN THE HEALTH AND WELLNESS SPACE, IF IT IS PHYSICIAN OFFICES, I KNOW THAT PROPERTY WE TALKED ABOUT WITH REGARDS TO MEDICAL TOWNHOUSES OR MEDICAL OFFICES. ANY COMMERCIAL RENTAL PROPERTY FOR THAT PURPOSE, OTHER THAN JUST
RETAIL. >> THERE IS A WHOLE BUNCH.
THERE ARE THREE BUILDINGS OVER BY THE PUBLIX, BROWARD HEALTH, WHEN THEY CAN FINISH BUYING THE LAND, THEY WILL DO MORE OF
THAT. >> WILL IT BE INDEPENDENT MEDICAL OFFICES OR BROWARD HEALTH? THAT IS THE PROBLEM. I UNDERSTAND. BUT HE IS SAYING THERE IS TO PRESENT VACANCY.
>> THAT IS IN THE RETAIL SIDE.
>> WHY ARE WE ANALYZING ON THE COMMERCIAL SIDE. AND WHEN WE DID COULD BE LOOKED AT THE OFFICE MARKET AS PART OF OUR ANALYSIS. GENERALLY SPEAKING, THE OFFICE MARKET AGAIN, IS GOING THROUGH A LITTLE BIT OF A CHALLENGING ENVIRONMENT NOW IN TERMS OF HYBRID WORK AND CO-WORKING AND SO ON AND SO FORTH. MEDICAL WAS ON THE CUSP OF BEING VIABLE. AGAIN, AS THE MAYOR TALKS ABOUT, THERE IS SOME NEW MEDICAL OFFICES WITH BROWARD HEALTH BEING BUILT INTO THE MARKET. THERE IS STILL SUPPLY OF MEDICAL OFFICES IN THE MARKET. SO, THERE IS REALLY NOT THAT DEMAND WHERE THE RENT IS GOING TO BE TO THE POINT WHERE YOU ARE GOING TO DRIVE THE CAPACITY TO BUILD A NEW
OFFICE. >> I WOULD LIKE TO KNOW, JUST FROM ASSESSING THE MARKET, TO THE MAYOR'S POINT, THE THREE BUILDINGS OUT THE FAMILY BAGEL, THE COMPLEX ON UNIVERSITY DRIVE AND I AM BLINKING ON THE CROSS-SECTION. WYNDHAM LAKES BOULEVARD, IT TURNS INTO SOMETHING ELSE. IT IS COMPLETELY EITHER SOLD OUT OR RENTED OUT AND THAT HAS A LOT OF MEDICAL, HEALTH AND WELLNESS, COMMERCIAL OFFICES.
SO, I JUST DON'T KNOW FROM THE CAPACITY. WE ARE TRYING TO BALANCE WHAT GOES THERE AND WHAT HAS THE LEAST NEGATIVE IMPACT ON THE COMMUNITY. IS COMMERCIALLY VIABLE? IS IT A COMMERCIAL PROPERTY FOR THE SAKE OF MEDICAL OFFICES? HYBRID IS AN ISSUE, BUT EVERYONE HAS TO GO TO THE DOCTOR.
>> I DOES WANT TO SAY SOMETHING ON THAT. WE WANT TO MITIGATE WHAT NEGATIVE IMPACT IT HAS ON THE RESIDENTS. WE ALSO HAVE AN OPPORTUNITY TO PROVIDE SOMETHING THAT THE RESIDENTS MAY WANT. SO, OUT OF THE WAY. LIFETIME OR WHATEVER. WE HAVE SOMETHING TO PROVIDE TO OUR RESIDENTS THAT ADDS EVEN MORE BENEFITS TO THE RESIDENTS DIRECTLY.
>> AGAIN. A LOT OF THE NEW MEDICAL THAT IS BEING BUILT AND DELIVERED IN THESE MARKETS IS KIND OF CLUSTERED AROUND THE
[00:35:05]
MEDICAL FACILITIES. YOU KNOW? THERE ARE HOSPITALS AND GENERALLY THAT KIND OF MEDICAL CLUSTER.>> LIKE CLEVELAND CLINIC HAS A WHOLE BUNCH OF MEDICAL.
INAUDIBLE ] >> BY CARMELA'S, THEY HAVE BEEN TAKING UP ONE DAY AFTER ANOTHER TO EXPAND THEIR PT AND EVERYTHING ELSE. WE ARE IN AN AREA WHERE WE HAVE GOT SOMEWHAT OF A POPULATION THAT IS AGING. WE HAVE GOOD HEALTH INSURANCE,
AND I AM CONCERNED -- >> JUST FOR THE RECORD, --
>> GOOD HEALTH INSURANCE. MY QUESTION IS, IS THERE A DEMAND?
>> BY THE WAY, WHEN I SAY WE DID NOT GO TO THE MARKET EXCLUSIVELY HERE. I MEAN, THERE WERE SOME PRIVATE SCHOOLS THAT HAD REACHED OUT, THERE WERE SOME GROUPS THAT, BUT IT IS NOT AT THAT POINT WHERE THE MEDICAL DEMAND WHERE THE RATES THEY WOULD BE ABLE TO GET JUSTIFY BUILDING NEW BUILDINGS ON THE
SITE. SO, NOT QUITE THERE. >> THE SELECTIVE CATEGORIES THAT YOU HAVE, HAVE YOU THOUGHT ABOUT THE IMPACTS IN THE COST ANALYSIS TO THE CITY? FOR EXAMPLE, IF ONE OF YOUR CATEGORIES IS HEALTH FACILITIES OR AGING FACILITIES, WHERE YOU HAVE OLDER PEOPLE AND OVERPOPULATION, YOU ARE TALKING ABOUT INCREASING POLICE AND FIRE AND PARAMEDIC SPIT ALL OF THESE ARE ANCILLARY COSTS THAT THE CITY WILL HAVE TO BE DEALING WITH. MY UNDERSTANDING OF WHAT WE ARE TRYING TO DO OUT IN THAT AREA IS INCREASE REVENUES INTO THE CITY'S COFFERS AND NOT NEGATIVELY IMPACT THAT. SO, YOU KNOW, IN MY MIND, AT LEAST IN THAT CATEGORY, THAT WOULD BE SOMETHING I WANT TO STRAY AWAY FROM.
>> FOR US TO HAVE A CONVERSATION -- WE WANT TO DO AMENITIES. WE WANT TO DO NEGATIVE IMPACT
COST. >> YEAH. THOSE ARE THE THINGS
THAT -- >> I DON'T KNOW IF THESE TWO IF THE PRESENTATION DIVES DOWN DEEPER INTO THOSE KIND OF
THINGS. >> MY WORRY. THE REASON I WAS POINTING OUT WHY COMMERCIAL AND COMMERCIAL MEDICAL IS NOT ON THEIR, I AM ALSO NOT CANNIBALISTIC WITH THE VILLAGE.
THIS IS CORAL SPRINGS. THE TAX REVENUE FROM THE PROPERTIES ARE NOT GOING TO COME FROM PARKLAND. BUT I DON'T WANT TO DO IS PUT A PROJECT THAT IS HARMFUL TO WHAT WE ARE TRYING TO DO ON THE VILLAGE PROPERTY.
>> LOOK AT HIS MAP . THERE IS SO MUCH DEMAND THAT EVEN WHAT WE PUT WILL NOT SUFFICE. YOU KNOW? THERE STILL WILL BE, REGARDLESS, UNLESS WE PUT --
>> THERE IS IN THIS AREA. THAT IS VERY --
>> MY WORRY WAS THE CATEGORIES THAT WE WERE LOOKING AT, IT LOOKS LIKE THE SAME CATEGORIES THAT WE WOULD WANT, FOR THE
MOST PART, IN THE VILLAGE. >> CAN YOU PULL UP THE SLIDE THAT HAD THE RECOMMENDATIONS FOR CONTEXT.
>> MY WAY, YOU ASK ABOUT THAT, WHEN YOU TALK ABOUT RESTAURANTS, RECREATION, BEAUTY, HEALTH AND WELLNESS OR CULTURAL ARTS OR OUTDOOR RETAIL. MY UNDERSTANDING IS THAT ALL OF THAT IS GOING TO BE AT THE VILLAGE.
>> MAKE THAT DETERMINANT WHEN LOOKING AT THE STUDY, IN TERMS OF NOT BEING CANNIBALISTIC IN TERMS OF UNDERSTANDING THE AMOUNT OF ELASTICITY WITH THE SUPPLY AND DEMAND. EVEN THOUGH THESE CATEGORIES, YOU MIGHT SEE FOR ARGUMENTS SAKE, IF THEY WELLNESS COMPONENT WAS OVER ON THIS SIDE, IT DOESN'T MEAN THAT YOU WILL NOT HAVE A SMALL YOGA OR PILATES OR WHATEVER THAT WOULD BE DEFINED IN THE WELLNESS CATEGORY OVER IN THE VILLAGE IN THE PARK. AGAIN, THERE WAS THAT MUCH DEMAND, BUT WE WERE MINDFUL ABOUT NOT BEING CANNIBALISTIC FOR VILLAGE IN
THE PARK, IF THAT IS HELPFUL. >> I KNOW THAT THERE IS A LOT OF WORK THAT GOES INTO THIS, AS WELL. THANK YOU FOR THIS. BUT
[00:40:02]
TO YOUR POINT, THE THINGS THAT I HAVE HEARD THE FINAL FIVE TALKING ABOUT WAS MORE SO RESTAURANTS. THE STUFF THAT IS BEEN TALKING ABOUT IN THIS FACILITY, THERE IS A LIFETIME AND A LITTLE BIT MORE OF FITNESS AND RECREATION. I PERSONALLY LIKE THE IDEA OF A RECREATIONAL ENTERTAINMENT FUNCTION IN THIS SPACE. NUMBER ONE, THAT IS KIND OF HOW IT HAS BEEN USED IN THE GOLF COURSE. WE ARE TALKING ELEMENTS OF PEOPLE FOR THE RECREATION. I JUST READ ABOUT IT THIS MORNING, WHICH IS FASCINATING. I KNOW THEY'RE WORRIED ABOUT THE CANNIBALIZATION OF THEIR LOCATIONS. A FORMER NFL PLAYER IS MAKING A BASKETBALL VERSION OF TOPSHOP.>> THERE IS A SOCCER ONE, TOO, THAT IS COMING OUT.
>> THERE ARE A NUMBER OF THESE. >> A PLAYS WELL WITH THE PARKLAND WORLD OF HAVING ENTERTAINMENT, BUT THE WAY THAT THINGS ARE BUILT THESE DAYS, HAVING THINGS FOR ADULTS, AS WELL. WITH FOOD, BEVERAGE, AS WELL. I DON'T CARE IF IT HAS TO BE THAT. I LIKE HAVING SOMETHING LIKE THAT OR A LIFETIME FITNESS THAT GIVES A DESTINATION TO GO AND DO THINGS. THEN THE VILLAGE BEING THE ANCILLARY FOOD, SHOPPING, THINGS THAT FEED INTO IT MORE SO THAN PUTTING THE RECREATION
IN THE VILLAGE. >> IF YOU'RE GOING TO HAVE THE VILLAGE FOR THE FIVE CONCEPTS, IF YOU ARE GOING TO HAVE AN ECOSYSTEM WITHIN THE VILLAGE, YOU'RE GOING TO NEED MORE THAN JUST RETAIL AND SPORTS. YOU'RE GOING TO NEED HEALTH AND WELLNESS. YOU'RE GOING TO NEED A PILATES. YOU ARE GOING TO NEED SOME OF THOSE COMPONENTS, A COFFEE SHOP. YOU WANT PEOPLE IN AND OUT OF THERE ALL DAY. PUTTING IN ALL OF THESE OUTDOOR SPACES FOR KIDS. PARKS AND STUFF LIKE THAT. BUT MY WORRY IS, IF WE HAVE A REALLY GREAT IDEA, PUT IT IN THE VILLAGE.
THAT IS WHERE WE WANT PEOPLE TO BE ALL DAY. GRANTED, THERE MAY
BE SOMETHING ELSE -- >>.COM I LIKE THE IDEA OF SOME SORT OF ACTIVITY. BUT THE PROBLEM, LET'S USE POP STROKE SINCE WE ARE MORE FAMILIAR WHAT THAT LOOKS LIKE. THE PROBLEM OF HAVING THAT ON THE 9.3, THAT IS GOING TO BE A BIG SHOCK. THAT IS GOING TO BE A LOT DIFFERENT, IT IS GOING TO BE BRIGHT, IT IS GOING TO BE LOUD. THAT IS GOING TO BE DIGITAL TRAFFIC WHERE LIFETIME FITNESS ISN'T. IT IS SMALL, IT IS CLOSED, THE TRAFFIC IS A LITTLE BIT DIFFERENT. SOMETHING LIKE THAT IN THE VILLAGE WE KNOW THERE IS GOING TO BE STUCK THERE. YOU CAN KIND OF YOU CAN CONTAIN IT.
>> ONE OF THE THINGS, WE NEED THINGS TO DO. YOU KNOW?
>> EXACTLY. EXACTLY. >> NOT JUST GOING TO EAT .
WHATEVER THINGS YOU DO WITH YOUR KIDS AND THOSE TYPE OF THINGS. I AM TOTALLY WITH YOU ON THAT. FOR ME, WE GO BACK, WE HAVE SOME OFFERS ON THIS LAND. WE SHOULD BE DOING WHAT IS RESPONSIBLE IN GETTING SOME OF THE MONEY BACK THAT WE INVESTED WHILE WE CAN CONTROL IT, IT IS A CORAL SPRINGS PLAN, SO WE HAVE TO WORK TOGETHER AND SAY ARE YOU GOOD WITH THIS? WE CAN DO THE ACREAGE SWAP SO WE GET ALL OF THE VILLAGE AND PARKLAND, WHICH IS OBVIOUSLY A HUGE PLUS IF WE CAN MAKE THAT HAPPEN. BUT THAT MEANS YOU MAY HAVE TO GIVE CORAL SPRINGS A LITTLE BIT. BUT, WE GET TO CHOOSE WHAT THAT LITTLE BIT IS AND BEGINS A, CORAL SPRINGS, THIS IS WHAT WE THINK. WHAT DO
YOU THINK? >> THAT IS GREAT. LET'S DO IT.
WE ARE ABLE TO CONTROL IT AND MAKE THEM HAPPY. ALSO, GET THE VILLAGE ALL IN THE CITY OF PARKLAND, WHICH IS A HUGE PLUS.
>> I AM 100% IN AGREEMENT. LIKE HUMAN DOWN THIS ROAD IN THE FIRST PLACE, HAVING CONTROL AND MAKING SURE WE ARE HAPPY WITH WHAT THE RESULT IS. I AM PERFECTLY FINE. THE LOCATION DOESN'T HAVE TO BE COSTLY OR WHATEVER CAN I LIKE THE IDEA OF LIFETIME FITNESS, BECAUSE IT IS SOMETHING THAT WITHSTANDS THE HANDS OF TIME. FITNESS IS NOT SOMETHING THAT IS SO MUCH OF A TREND. AS MUCH AS I LOVE THE IDEA OF THE JUMPSHOT OR WHATEVER. IN FIVE, 10 YEARS FROM NOW IT MIGHT NOT HAVE THE SAME DRAW. SOMETHING LIKE LIFETIME ALLOWS THINGS FOR A LOT OF DIFFERENT DEMOGRAPHICS. WE ARE CONTEMPLATING SOMETHING ENTERTAINMENT. TO YOUR POINT, WE HAVE A LOT OF GREAT PARKS, A LOT OF THINGS FOR PEOPLE TO DO. IF IT IS RAINING OR REALLY HOT OUT IN THE SUMMER, SOMETHING ELSE PARENTS AND KIDS CAN KIND
OF -- >> MY CONCERNS ARE THE LIFETIME FITNESS ON THAT LOCATION, PUTTING ASIDE TRAFFIC AND EVERYTHING ELSE. THE RESIDENT AFLAC HAVE VOICED THEIR OPINIONS ON THAT. I SEE THAT AS BEING COMPLETELY CANNIBALISTIC
[00:45:02]
IS WHAT WE ARE DOING TO THE VILLAGE. WE HAVE ALL OF THESE DEVELOPMENT WITHIN YOUR HOME BASE, IN THE WHOLE NORTHWEST CORD WERE. THAT UPGRADED THE ATHLETIC AND WORKOUT FACILITIES, IF IT IS HERON BAY, PARKLAND GOLF, AND OTHERS.RAISING THEIR RATES ACCORDINGLY. THEY JUST OPENED THEIR DOORS, I THINK YESTERDAY, TO PEOPLE.
>> YOU CANNOT COMPARE. >> I HEAR YOU. BUT MY POINT IS, WILL WE TALK ABOUT IT, DO WE WANT TO HAVE THIS SYMBIOTIC VILLAGE WHERE YOU ARE GOING TO HAVE MOM-AND-POP, IF IT IS PILATES, YOGA, EVERYTHING ELSE. TARGETING SOMEBODY $500 A MONTH, 100 YARDS AWAY FOR ALL OF THAT COMBINED, I DON'T THINK YOU ARE GOING TO GET IT.
>> THEY ARE APPLES AND ORANGES. I GO TO MY GYM AND MY CLUBHOUSE. I WISH NO ONE WAS THERE AND I HOPE THEY REDO IT ALL THE TIME BECAUSE THAT HELPS MY PROPERTY VALUES. SO ONE DOESN'T WEIGH INTO THE OTHER. A LOT OF PEOPLE DON'T WANT TO GO TO THE CLUBHOUSE BECAUSE THEY DON'T WANT TO SEE THEIR NEIGHBORS. THEY WANT TO GO SOMEWHERE ELSE. I GO TO MY CLUBHOUSE JIM. I ALSO HAVE A GYM MEMBERSHIP BECAUSE I LIKE GOING TO CROSSFIT. THAT IS A TOTALLY DIFFERENT THING
ALTOGETHER. >> IF YOU'RE PAYING 500 A
MONTH. >> IF YOU CROSSFIT, YOU DON'T
GO TO THE GYM. >> IF YOU'RE PAYING $500 A MONTH, YOU'RE NOT GOING TO A YOGA STUDIO, A PILATES STUDIO,
IT IS ALL INCLUDED. >> NOT EVERYBODY LIKES TO PAY $500 THAT EVERYBODY LIKES TO GO TO BIG FACILITIES. SOME PEOPLE LIKE GOING TO SMALL FACILITIES. ONE HAS ABSOLUTELY NOTHING TO DO WITH THE OTHER. SOME PEOPLE DON'T LIKE GOING TO CLUB FITNESS. THEY LIKE TO WORK AT THE CLUBHOUSE. THEY CAN ALL SURVIVE TOGETHER. JUST BECAUSE LIFETIME FITNESS COMES IN, IT DOESN'T MEAN THAT EVERY OTHER FITNESS FACILITY GOES OUT OF BUSINESS. FROM WHAT I GOT A QUESTION FOR YOU. WHAT GOES ON THE 9.3 ACRES VERSUS WHAT GOES ON THE VILLAGE. ARE THEY SET IT OR DOES ONE COMPLEMENT THE OTHER IN A RESPECT TO LET'S SAY YOU GET A BRAND THAT WANTS TO GO AND SAY I WANT TO GO ON THE 9.3 ACRES. WILL THAT ATTRACT MORE PEOPLE TO THE 9.3 ACRES OR WILL THEY WORK IN CONTENT WITH EACH OTHER WITH THE 33 ACRES? YOU'RE PUTTING THIS IN THE 33 ACRES, I THINK I HAVE SOMETHING THAT WILL NICELY.
>> THAT IS THE GOAL. THAT IS THE WAY WE APPROACHED THE
ASSIGNMENT. >> TO THE MAYOR'S POINT, WHAT REALLY COMES FIRST , THE CHICKEN OR THE EGG.
>> ARE WE SITTING IN DEVELOPING THE 33 ACRES FIRST AND HOPING THAT SOMEONE WILL COMMENT ON THE NINE POINT THREE, WERE TO RETURN TO GET THE 9.3 AND SUPPLEMENTED WITH WHATEVER IS
IN THE 33. >> IF WE WENT TO A LIFETIME FITNESS, ONE HAS NOTHING TO DO WITH THE OTHER. YOU KNOW? YOUR VILLAGE WOULD STILL BE EXACTLY THE SAME. YOU MAY GET HIGHER CLIENTELE, BECAUSE A LIFETIME FITNESS, THAT IS WHAT THEY BRING IN. JOHN, I AM NOT SAYING ANYTHING. THIS IS ALL STUFF JOHN SAID. LIFETIME FITNESS IS THE BRAND THAT PEOPLE WANT TO BE AROUND. SO, FOR YOUR POINT, THERE'S OF THE PRESENT PEOPLE WANT TO BE AROUND. YOU AND YOUR LIFETIME FITNESS. IF YOU LOOK AT WHERE LIFETIME FITNESS IS, GO LOOK UP LIFETIME FITNESS LOCATIONS. THERE LOCATIONS ARE IN THE UPPER OF UPPER NEIGHBORHOODS. THEY DON'T GO TO JUST REGULAR PLACES. THAT IS WHY THEY HAVE STAYED HERE, TRYING TO GET INTO THE SPOT, BECAUSE WE ARE THE TYPE OF COMMUNITY. I'VE SPOKEN TO DOZENS AND DOZENS OF PEOPLE WHO THINK THAT THIS IS SOMETHING EXACTLY WHAT OUR -- WHAT WILL UP PARKLAND. WE ARE UP HERE.
YOU HAVE THOSE TYPES OF FACILITIES, KEEP RAISING THE BAR BECAUSE YOU HAVE LIFETIME. YOU CAN GET A LULU LEMON, GET WHATEVER. THEN YOU GET DIFFERENT TYPE OF RESTAURANTS.
KEEP UPPING THE GAME. >> HERE IS MY COMMENT ON YOURS . I DON'T UNDERSTAND WHY WE ARE LETTING THE TAIL WAG THE DOG. I WOULD THAT OUR FOCUS WOULD BE ON BUILDING OUT AND DESIGNING AND CURATING WHAT GOES IN THE VILLAGE. WE ARE IN THE FINANCIAL POSITION FOR WHATEVER WE DO NOW, WE ARE GOING TO BE MADE WHOLE AND THEN SOME FOR THE TWO PARCELS. MY BIGGEST CONCERN IS LIFETIME OR SOMETHING ELSE IN THE NINE ACRES, DOING ANYTHING THAT IS GOING TO BE DETRIMENTAL TO THE VILLAGE. WE WERE TALKING ABOUT A LIFETIME OR SOMETHING OF THAT
[00:50:01]
ILK WITHIN THE VILLAGE, I THINK IT IS A FAR DIFFERENT CONCEPT IN A FAR DIFFERENT DISCUSSION AND TALK ABOUT ON THIS PROPERTY. HERE IS WHY. WHEN SOMEBODY, LIKE THE ONE IN PJ OR BOCA, OR SOMEONE GOES INTO THE LIFETIME. THEY MAY WALK AROUND AND VISIT SOME OF THE OTHER RETAIL AND RESTAURANTS AND OTHER COMPONENTS. WHEN THEY ARE PULLING IN, PARKING THE CAR, WALKING IN AND THEN LEAVING. ARE THEY GOING TO COME IN LOOP AROUND BACK INTO THE VILLAGE? MY WORRY IS, BECAUSE THE PROPOSAL WAS BROUGHT TO US BY LIFETIME, WE ARE NOT CURATING THE VILLAGE FIRST IN WORRYING ABOUT WHAT WE CAN PUT ON THE 9.3 ACRES SECOND THAT WOULD BECOME THE MYSTERY.>> MAY HAVE A COUPLE OF ISSUES. WE ARE NOT DESPERATE FOR THE CASH, BUT WE SHOULD GET THE MONEY BACK FROM THE RESIDENTS AS SOON AS POSSIBLE. WE WANT TO GET THE CORAL SPRINGS PORTION IN THE VILLAGE IN PARKLAND. ONE OF THOSE THINGS IS TO ENTICE CORAL SPRINGS WITH SOMETHING THAT WILL GENERATE REVENUE AND BE AN AMENITY THAT THEY WOULD LIKE TO. THAT IS SOMETHING THAT WE NEED TO FACTOR IN INTO OUR DECISIONS. JOHN HAS SAID IT BEFORE. LIFETIME COULD HELP THE VILLAGE. YOU COULD POTENTIALLY GET HIGHER LEVEL, HE SAID IT, I DID NOT SAY IT. LIFETIME CANNOT HURT. JUST PUTTING THIS OFF POTENTIALLY THE LADIES GETTING 80 ACRES AND TWO PARKLAND, WHICH WOULD BE HORRIBLE. WE ARE TRYING TO BUILD THE VILLAGE ALL IN PARKLAND. WE DON'T WANT TO WORRY ABOUT THE CORAL SPRINGS CODES. WE WANT TO WORRY ABOUT OUR CODES. THIS IS A LEVERAGE POINT. AGAIN, THERE IS NOBODY RACKING ANYTHING. THIS IS A GREAT BRAND THAT OFFERS A GREAT PRODUCT, THAT I KNOW OUR RESIDENTS WOULD WANT.
>> IF IT IS SO ENTICING. JOHN MADE THOSE COMMENTS BUT I'M SURE IF YOU ALSO ASKED JOHN WHAT IT BE BETTER FOR THE VILLAGE OF LIFETIME WERE IN THE VILLAGE OR ON THE NINE ACRES.
MY UNDERSTANDING FROM CORAL SPRINGS AS THEY WANT TAX REVENUE FROM THE NINE ACRES. RIGHT? ANYTHING THAT DRIVES TAX REVENUE, IF IT IS MAKING WIDGETS OR LIFETIME OR ANYTHING, IT IS THE SAME REVENUE. I DON'T KNOW IF THEY HAVE A CARE ABOUT WHAT GOES THERE AS LONG AS IT IS DRIVING
TAX REVENUE. >> I ASSUME THEY WOULD WANT TO GO INSIDE THE VILLAGE WE CAN DO IT, BUT THAT CHANGES THE VILLAGE. THAT BRINGS THE VILLAGE FROM A SMALL, HOMETOWN FEEL AND THAT MAKES IT A BIG -- WE ARE TALKING ABOUT A PLACE THAT IS RIGHT NEXT TO A HOTEL. IT IS RIGHT NEXT TO A HOTEL.
THERE IS ALREADY A HOTEL THERE. THE VILLAGE, WE WANTED TO BE SMALL, HOMETOWN, QUAINT FEEL. IF YOU PUT A LIFETIME
>> DOWN IN THE MIDDLE OF THAT, THAT CHANGES THE FEEL OF THAT
PROPERTY 100%. >> MY WORRY IS IF YOU PUT THE LIFETIME ON THE NINE ACRES, BEFORE YOU KNOW WHAT YOU ARE PUTTING IN THE VILLAGE, OR POTENTIALLY CAUSING HARM ON
WHAT GOES INTO THE VILLAGE. >> THE PROFESSIONALLY HIRED SAYS THE OPPOSITE. I AM GOING TO SIDE WITH THE PROFESSIONAL
WHO DOES THIS FOR A LIVING. >> I JUST WANT TO JUMP IN, BECAUSE THEY CAN BOTH OF YOU HAVE GOOD POINTS. RIGHT? I DON'T KNOW IF WE HAVE ACTUALLY CLEARED THIS QUESTION AND MAYBE I MISSED IT, WHETHER OR NOT WE ARE INTENDING THE DESIGN WITH A PASSAGEWAY ENTRANCE BETWEEN THE NINE ACRES. WE HAVEN'T HAD THAT, WE HAVE NOT CLOSED THAT LOOP.
>> THAT IS NOT THE 505, WE WOULD HAVE TO TALK TO CORAL SPRINGS IN THE MARRIOTT TO DO THAT. THERE ARE OPPORTUNITIES
TO DO THAT. >> THAT ADDRESSES YOUR CONCERN.
YOU CAN CREATE SOME KIND OF CONTINUITY BETWEEN THOSE TWO AREAS, THEN NOW, IT IS NOT LIKE YOU ARE SAYING, DRIVE OUT AND THEN GO INTO THE VILLAGE. AT LEAST THAT THERE IS SOME -- DRIVEN WHATEVER WE PUT THERE, UNLESS IT IS COMPLETELY DISASSOCIATED FROM THE VILLAGE AND NOTHING WOULD BE, RIGHT? UNLESS IT IS AN EMPTY LOT. BUT WHATEVER WE PUT THERE, MY THOUGHT WOULD BE IS IF WE HAVE AN ACTIVITY, AND SID, MARRIOTT, OF COURSE. IT WOULD JUST BENEFIT.
>> INSTANTLY WOULDN'T HURT. BUT THAT DOES NOT HAVE ANYTHING . THAT IS SOMETHING YOU BUILD AND DECIDE WHAT YOU ARE DOING.
THEN YOU COME THROUGH. BUT I DON'T SEE CORAL SPRINGS STANDING IN THE WAY OF MAKING IT HAPPEN. I DON'T SEE THE MARRIOTT STANDING -- THE MARRIOTT WOULD LOVE PEOPLE TO WALK DOWNSTAIRS AND WALK RIGHT INTO THE VILLAGE.
>> WE HAVE DISCUSSION TO DO A WALKWAY, BUT NOT A DRIVE. IT IS
NOT FEASIBLE. >> ALSO, HE GOES BACK TO WHEN WE FIRST HAD THE PRESENTATION 505 CABAL OF THE PROJECT THEY HAVE DONE EVERYONE ELSE. I THINK WE ALL AGREED, EVEN DOWN IN PALM BEACH, WE WERE NOT LOOKING FOR THE BIG SCALE KIND OF TOWN CENTER OF THESE MASSIVE CHAINS. BUT, THERE IS GOING TO
[00:55:02]
BE SOME CONCEPT OF AN ANCHOR. I KNOW WHETHER WE TALKED ABOUT A TRADER JOE'S OR THE MARKET OR SOMETHING, I SEE THAT AS BEING THE DRAW IN THE VILLAGE WITH THE ANCHOR THAT IS NOT TOO BIG.IT IS NOT LIKE A LIFETIME BUILDING, BUT IT IS BIG ENOUGH TO DRAW ENOUGH TRAFFIC THAT KEEPS PEOPLE INSIDE. WITH LIFETIME, I THINK IT IS SOMETHING THAT TO THE NEAREST POINT, IF YOU PUT IT ADJACENT TO THE VILLAGE, IT IS NOT GOING TO CREATE A DISRUPTION TO THE FEEL THAT WE ARE GOING FOR, BUT IT STILL HAS THE ATTRACTION THAT BRINGS THE TRAFFIC LONG.
-- ALONG. >> LET'S GO AHEAD AND DO THE NEXT PART OF YOUR PRESENTATION. OR WHATEVER ELSE YOU HAVE TO SAY. OBVIOUSLY WE ARE GOING TO HAVE MORE DISCUSSION AND YOU CAN COME BACK TO THE CONVERSATION.
>> IT IS ONE THING TO DO A MARKET ASSESSMENT AND IT IS ANOTHER TO SEE WHAT THE MARKET WOULD ACTUALLY CALL FOR. SO, I HAD REQUESTED CALLIER TO PUT OUT A PROPOSAL FOR POTENTIAL INTERESTED VENDORS. SO, WE JUST GOT SOME NEW INFORMATION RECENTLY. IT IS FROM OUR ONE ON ONES. I DID NOT HAVE THIS INFORMATION AVAILABLE WHEN WE DID HAVE OUR MEETINGS.
INAUDIBLE ] THERE WAS ONLY TWO AT THAT TIME. I CAN GIVE YOU A PREVIEW OF WHAT IS ACTUALLY -- WHO IS INTERESTED IN THIS 9.3
ACRES. >> SO, AGAIN, THANK YOU. IN CONTEXT, WE WENT TO THE MARKET IN MID JULY, I THINK IT WAS JULY 15TH OR 16TH. WE ASKED PEOPLE TO SUBMIT, WHAT IS TODAY QUESTION MIKE THE 14TH? THE 15TH? A COUPLE OF DAYS AGO, SO, VERY CONDENSED, VERY SORT OF TRUNCATED MARKETING IN THE MIDDLE OF THE SUMMER. RIGHT? WITH THAT BEING SAID, WE DID GET A SIGNIFICANT AMOUNT OF INTEREST. I'M GOING TO RUN THROUGH THE BIDDERS. I AM DOING ENOUGH MEDICAL ORDER. I'M DOING IT JUST TO KEEP MY SANITY. I WILL GIVE YOU A LITTLE SUMMARY AT THE END. SO, THE FIRST GROUP IS CALLED EPIC DESTINATION. IT MIGHT BE A LITTLE BIT HARD TO READ. IF YOU HAVE EVER BEEN TO DISCOVERY COVE IN ORLANDO, OR ANY -- THEY ARE IN THE WATER, AQUARIUM THEMED BUSINESS. THEIR MAIN FOCUS, AS YOU SEE THERE. IT IS ROUGHLY TWO ACRE SALTWATER FULL OF FISH, CORAL REEF, ET CETERA, LAGOON WHERE PEOPLE WILL BE ABLE TO COME FOR THE DAY. YOU CAN LAZE BY THE LAGOON, YOU CAN TAKE SNORKELING LESSONS. YOU CAN HAVE THINGS FOR THE KIDS WITH OTHER KINDS OF ATTRACTIONS. THEY HAVE ALSO MIRRORED IT WITH A SPA, A VERY HIGH-END SPA PARTNER IN THE WELLNESS COMPONENT. THEY HAVE A CRAFT CAFE WHERE YOU WOULD BE ABLE TO TAKE POTTERY CLASSES AND DO ALL OTHER TYPE OF CRAFT THINGS. BAR, RESTAURANT. AT THE END, 20 TO 25 BUNGALOWS. SO, PEOPLE THAT WOULD BE COMING HERE FOR RECREATION, ENTERTAINMENT. WANT TO BE AT VILLAGE IN THE PARK AND SPEND THE WEEKEND. SPEND A DAY. SPENT THE NIGHT. SO 20 TO 25 HIGH-END
BUNGALOWS. >> WHEN YOU MEAN STAY THE NIGHT, YOU MEAN THIS IS LIKE A HOTEL?
>> NOT A RESIDENCY. >> LIKE THEY SAY OVERNIGHT.
>> YEAH. IF A MARRIOTT GUEST WANTED TO UPDATE THEIR EXPERIENCE TO HAVE ONE OF THESE PRIVATE BUNGALOWS AND RECREATE BY THE SPA, THEY WOULD BE ABLE TO STATE A NIGHT, TODAY'S -- TWO DAYS , ET CETERA. LET'S CALL IT A BOUTIQUE HOSPITALITY COMPONENT THAT WOULD BE PART OF THAT. SO, THIS GIVES YOU AN IDEA OF THE LAGOON ELEMENT. AGAIN, IT IS AN ACT OF, ACTIVE
[01:00:02]
LIVE CORAL REEF, FISH, ET CETERA. IT IS A VERY HIGH-END SPA COMPONENT. AS I SAID, THERE IS A CRAFT ELEMENT THAT AGAIN, WHETHER IT IS LEARNING HOW TO MAKE FLORAL ARRANGEMENTS WERE POTTERY CLASSES, OR PAINTING. A BAR WHERE THERE IS A MIXOLOGY ELEMENT. AGAIN, MORE THE TEACHING AND LEARNING. AGAIN, ALL OF THE ELEMENTS ARE FOCUSED AROUND COMMUNITY ENGAGEMENT.SO, BRINGING PEOPLE IN. IF PEOPLE WANTED TO JUST COME AND TAKE A CLASS, THEY COULD DO THAT. PEOPLE WANTED TO COME AND SIT BY THE SPA, BY THE LAGOON, THEY WOULD BE ABLE TO DO THAT.
OBVIOUSLY, THERE WOULD BE A RESTAURANT COMPONENT. AGAIN, TO YOUR POINT, COMMISSIONER, EVEN THOUGH THERE WOULD BE A RESTAURANT COMPONENT HERE, THAT DOES NOT MEAN THAT THERE IS NOT GOING TO BE THREE, FOUR, FIVE OTHER FOOD AND BEVERAGE OPPORTUNITIES WITHIN VILLAGE IN THE PARK. IT IS A COMPLEMENTARY TYPE OF DIFFERENT EXPERIENCE THAT YOU MIGHT GET. AGAIN, THAT IS WHAT THEY ARE FOCUSING ON. THIS IS THAT PRIVATE BUNGALOW ELEMENT WHERE WE WOULD BE ABLE TO SPEND A DAY. SPEND A NIGHT, ET CETERA. SO, I'M SORRY. THAT IS THE ONE GROUP. THIS IS THE SAME GROUP, IF YOU ARE FAMILIAR, THEY ARE WORKING RIGHT NOW IN FORT LAUDERDALE DOING THE SWIMMING HALL OF FAME, WHICH AGAIN, IS GOING TO BE A MUSEUM, AN AQUARIUM. THIS GROUP HAS GOT A LOT OF EXPERIENCE AND THEIR CHOPS HAVE BEEN CUT IN THE AQUARIUM AND WATER FIELDS . SO, THE LAGOON IS THE KEY ELEMENT TO THIS. IF YOU'VE EVER BEEN TO DISCOVERY
COVE -- >> YOU HAVE ANY IDEA WHAT THE CAPACITY OF THIS TYPE OF THING IS? WHAT KIND OF DRAW?
>> THEY ARE THINKING, AGAIN, THEY KNOW THAT THERE ARE ELEMENTS TRAFFIC. THEY ARE EXPECTING, THERE MODEL IS BASED ON AROUND 100 TO 150 PEOPLE PER DAY. THIS IS NOT SEAWORLD. THIS IS AN EXPERIENTIAL LEVEL, ENTERTAINMENT TYPE CONCEPT BUT IT IS NOT A THEME PARK THE WAY THAT YOU WOULD THINK OF SEAWORLD OR SOMETHING ALONG THOSE LINES. SO, AGAIN, THAT IS HOW THERE MODEL IS BASED. I DON'T THINK IT IS CHEAP, NECESSARILY. THEY UNDERSTAND THAT THERE IS AN ELEMENT AROUND LIMITING TRAFFIC AND SO ON AND SO FORTH. SO, THAT IS HOW THE
MODEL IS CURRENTLY -- >> ANY OTHER FACILITIES OF THIS
NATURE ? >> YEAH. THEY RUN A NUMBER OF FACILITIES CALLED SEA LIFE, WHICH IS MORE IN THE AQUARIUM ORIENTED GENRE, IF YOU WILL. WHAT THEY HAVE DONE HERE, AGAIN, TRYING TO MEET THE COMMUNITY NEEDS OF BRINGING PEOPLE IN SO THAT PEOPLE WOULD HAVE CRAFT CLASSES, POTTERY CLASSES, THINGS TO TEACH THE KIDS HOW TO SNORKEL. YOU KNOW, GET THEM TO SEE ALL KINDS OF COOL FISH AND STUFF LIKE THAT.
LIKE I SAID, THEY HAVE CUT THEIR TEETH IN THE AQUARIUM AND IN THE WATER FIELDS, BUT THEY HAVE NOW EXPANDED IT TO MAKE THIS A COMMUNITY-ORIENTED ATTRACTION THAT THEY THINK WILL BE VERY SUCCESSFUL BASED ON THE DEMOGRAPHICS OF THIS IN THIS
MARKETPLACE. >> SEE LIFE IS ORLANDO
INTERACTION. >> THEY ARE -- HAVE ONE IN NEW
JERSEY, TOO. >> MY FIRST GOT -- GUT REACTION
IS WHAT IS THE OFFER? >> LET'S GO THROUGH THE
PRESENTATION. >> THAT IS THE FIRST ONE. THE SECOND ONE WAS FAIRLY LIGHT IN TERMS OF THE CONCEPT. AGAIN, THEY HAVE COME IN AND SAID WE ARE GOING TO BUILD A RETAIL ORIENTED, YOU CAN SEE, A KIND OF PEDESTRIAN FRIENDLY
ENVIRONMENT. >> TALKING ABOUT CANNIBALIZING.
[01:05:03]
>> YES. WE DON'T HAVE THEIR PLANS, BUT THEY DID MAKE AN OFFER TO YOUR POINT, MAYOR. I WILL GIVE YOU THE PERSPECTIVE WHERE THEY CAME IN. WE DON'T HAVE A LOT OF DETAIL OF WHAT THEIR LAYOUT IS. THE FIRST GROUP WAS VERY DETAILED WITH THE CONCEPT AND WHAT THEY ARE GOING TO DO. THIS GROUP, NOT SO
MUCH. >> CAN I INTERRUPT? IT ALSO SAID SELF STORAGE. HOW ARE THEY LOOKING TO COMBINED -- COMBINE SELF STORAGE IN RETAIL? PRINT WHAT I THOUGHT THE ZONING WE CHANGE THAT YOU CAN'T HAVE IT WITHIN A CERTAIN RADIUS.
>> CORAL SPRINGS. >> THEY SAID THERE COULD BE SOME COMBINATION OF THAT. BUT WE HAVEN'T SEEN THEIR PLANS. I CAN'T GIVE YOU THE SPECIFICS OF WHAT THE LAYOUT IS GOING TO BE.
THEN, ACTUALLY, THERE ARE FOUR GROUPS. THE OTHER GROUP, I THINK WE ARE BACKWARDS. I MISS THE FIRST ONE. LIFETIME DID COME BACK WITH THE PROPOSAL AND LAID OUT ALL OF THE ELEMENTS WITH INDOOR PICKLE BALL, LIFESTYLE. IT OBVIOUSLY, THE AMENITIES OUTDOOR POOL AND FITNESS, AS YOU KNOW. A STRETCHING AND MAY BE SOME KIND OF PHYSICAL THERAPY AS PART OF THAT. BEFORE I GET TO THE FACILITY OF THE OFFER, THERE WAS A FOURTH GROUP THAT GAVE US AN OFFER BUT NO INFORMATION OF THE ASSISTED-LIVING WORLD. ERICKSON. I DON'T KNOW IF YOU'VE EVER HEARD ABOUT ERICKSON. THEY ARE A BIT PGA.
HIGH END WITH A VESTED -- ASSISTED-LIVING WORLD. SO, THEY ARE EXTREMELY INTERESTED. AGAIN, WE DON'T HAVE THE SPECIFICS ON THE PROPOSAL YET. SO, ERICKSON IS FIRST. WE DON'T HAVE THEIR NUMBERS YET, BUT I DO EXPECT THEY WILL COME BACK TO US WITH SOMETHING MORE SPECIFIC. THE H&M RETAIL AND SELF STORAGE GUYS OFTEN -- OFFERED A $7 MILLION FOR THE SITE. I AM NOT GOING TO GO THROUGH ALL OF THE SPECIFICS.
THE EPIC GROUP IS AN INTERESTING DYNAMIC. I WILL WALK THROUGH THAT IN A SECOND. LIFETIME CAME BACK AT $6 MILLION. THE EPIC GROUP IS SET UP, THE WAY THEY STRUCTURE WITH THE SWIMMING HALL OF FAME. IT IS A LONG-TERM GROUND LEASE. IS IS A 30 YEAR GROUND LEASE, WHERE THEY WILL PAY A NOMINAL GROUND RENT AND THEN THE CITY WILL SHARE IN THE REVENUES OF WHAT THEY GENERATE FROM THE HOTEL, THE SPOCK OF THE RESTAURANTS. THERE IS A VERY DETAILED MODEL THAT SHOWS HOW YOU WOULD SHARE IN THAT MODEL. AT THE END OF THE 30 YEARS, YOU ARE ABLE TO EFFECTIVELY RENEGOTIATE THE LEASE. THE 30 YEARS IS REALLY MEANT FOR THEIR -- THEY ARE SPENDING 40, $50 MILLION TO EXPEND THIS FACILITY. THE 30 YEAR LEASE IS MEANT TO ADVERTISE THOSE COSTS BACK INTO THE LEASE. OBVIOUSLY, THE BENEFITS ON THE GROUND LEASE VERSUS THE SALE, YOU STILL OWN THE PROPERTY FOREVER AND YOU CAN DETERMINE WHAT TO DO WITH IT WHEN THE LEASE IS UP. AGAIN, WE CAN GET INTO THE FINANCIAL MODELS ABOUT HOW THE REVENUE-SHARING WORKS AND HOW THE CITY BENEFITS FROM THAT OVERTIME. IT IS OBVIOUSLY A CASH AND MOVING ON. THAT IS A E- DIFFERENT CONVERSATION MAYBE FOR A DIFFERENT DAY. THAT IS THE MODEL. THE MODEL IS BASED
[01:10:01]
UPON THIS PUBLIC AND PRIVATE PARTNERSHIP YET AGAIN, THE SWIMMING HALL OF FAME IS BUILT LIKE THAT. SO, GROUND LEASE IS PAID. THEN THE CITY OF FORT LAUDERDALE SHARES IN THE REVENUE THAT THEY GENERATE FROM THE SWIMMING EVENTS AND MUSEUM AND ALL OF THE ATTRACTIONS THAT THEY ARE GOING TO HAVE IN THAT COMPLEX, SIMILAR DYNAMIC HERE. SO, A DIFFERENT MODEL IN THE END. POTENTIALLY MORE FINANCIALLY LUCRATIVE. YOU'RE GOING TO OWN THE PROPERTY. YOU ARE NOT SELLING IT. THE VALUE APPRECIATES PRESUMABLY AT THAT ATTRACTION, WHATEVER YOU WANTTO CALL IT -- >> LET'S KEEP IN MIND THAT THE
LAND IS IN CORAL SPRINGS. >> IN MY PERSONAL OPINION IT IS
NOT IN THE BEST INTEREST. >> IF IT WAS IN THE CITY OF
PARKLAND. >> THERE ARE TWO WAYS TO LOOK AT IT. FROM 30 YEARS FROM NOW, WHATEVER THAT PROPERTY APPRECIATES TO, THEN IT CAN BE SOLD AT A MUCH HIGHER TURNOVER RATE. WERE STILL GENERATING THE REVENUE OVER THAT PERIOD OF
UNDERWATER. >> THE CITY HAS NO RESPONSIBILITY, NO OPERATING RESPONSIBILITY, NO MAINTENANCE RESPONSIBILITY. THEY DO EVERYTHING,
>> IT WOULD NOT BE US COLLECTING BECAUSE THEY ARE NOT PAYING TAX DOLLARS ON TOP OF THE REVENUE TOO?
>> THEY WOULD BE PAYING TAXES TO CORAL SPRINGS.
>> I THINK IT WOULD DEPEND ON WHAT THE REVENUE IS. RIGHT?
>> YES. THE DEVIL IS IN THE DETAILS.
>> IF THE SITE IS SUCCESSFUL. THAT IS NOT SUCCESSFUL -- ALSO, THEY HAVE A LEGAL THAT THEY HAVE MODIFIED THIS LAND IN A WAY THAT IS HARD TO FIND A NEW -- DO NOT TRY TO SELL IT 30 YEARS LATER WITH A NEW LAGOON.
>> THE NOTION OF US PUTTING A THEME PARK OF WHATEVER ILK HERE. I LIKE THE CULTURAL AND CRAFT THINGS. ALL OF THAT SOUNDS FANTASTIC. WHEN YOU TALK ABOUT LOSING THE THEME PARK, IT SCARES THE LIVING DAYLIGHTS OUT OF ME TO PUT THAT BACKING UP TO RESIDENTIAL. THEY HAVE TRAUMA FROM THE GOLF COURSE.
>> I 100% AGREE. >> THEY WERE VERY CLEAR TO SAY
IT THIS IS NOT A THEME PARK. >> AT 45 MILLION?
>> TO OPEN THE DOOR, WE SHARE FROM WHAT IT SOUNDS LIKE COMEDY CRAFTS, I LOVE. SOMETHING SCIENCE. ALMOST THE KIDS MUSEUM TYPE APPEAL. SOMETHING I FEEL LIKE WE HAVE NOT REALLY APPROACHED. THE IDEA OF HAVING A NATURE CENTER THAT IS MOVING IN A DIFFERENT DIRECTION. BUT, HAVING SOMETHING LIKE THAT WHERE IT IS SOMETHING THAT PEOPLE CAN GO TO ON MORE THAN ONE OCCASION AND FEEL LIKE I HAVE DONE THAT AND IT IS OVER.
BUT SOMETHING THAT HAS PROGRAMMED CLASSES OR THINGS.
>> THESE ARE CONVERSATIONS WE ARE GOING TO BE ABLE TO HELP WITH JOHN AND THE DEVELOPER AT THE VILLAGE. WE ARE GOING TO BE ABLE TO SAY THAT WE WOULD LIKE TO SEE, YOU KNOW, OBVIOUSLY WE ARE NOT GOING TO DECIDE WHAT THE MARKET WILL DICTATE.
>> AGREED. BUT IT GOES BACK TO SCALE. IT REQUIRES A BIGGER FOOTPRINT TO BE ABLE TO REALLY HAVE SUSTAINABILITY AND LONGEVITY OF WHAT THEY WANT TO DO. HE MAY NOT BE ABLE TO DO IT IN THE VILLAGE WERE ON THIS PARCEL. PRINT WHAT I AM NOT WORRIED ABOUT A BIGGER FOOT PRINT IN PARTICULAR, IT IS WHAT THAT FOOTPRINT LOOKS LIKE. FOR INSTANCE, IF YOU DO A LAGOON AND WHATEVER, IT IS A BIGGER FOOTPRINT. THAT LOOKS COOL IN THE VILLAGE. WHEREAS, LIFETIME FITNESS, IT IS GOING TO BE
BOXY, WHATEVER. >> THIS GETS BACK TO THE PART .
I KNOW THERE ARE SOME THAT HAVE LIFETIME FITNESS, SEEING IT AS AN ADDITIVE TO THE VILLAGE. I DON'T UNDERSTAND THE REVERSE ORDER. I KNOW WE ARE TRYING TO FIGURE OUT WHAT TO DO WITH THIS PARCEL BUT TRYING TO FIGURE OUT SOMETHING TO DO WITH THIS PARCEL THAT GENERATES TAX REVENUE FOR CORAL SPRINGS TO HELP US WITH THE ANNEXATION. BUT, IF EVERYONE WAS OF THE MIND-SET WHERE IF THE MAJORITY OF ON THE MIND-SET THAT LIFETIME FITNESS WAS GOING TO BECOME FROM ENTRY AND ADDITIVE TO THE VILLAGE, WHY WOULDN'T YOU TRY TO PLAN THAT OUT AS BEING THE ANCHOR FOR THE VILLAGE AS OPPOSED TO JUST OUTSIDE? PRINT WHAT I THINK THAT CHANGES THE SCOPE OF THE VILLAGE. YOU KNOW, HAVING THAT TYPE OF LARGER FACILITY WITH A POOL. TO ME, THAT KIND OF CHANGES --
>> MY WORRY IS WITH THE POOL --
>> LIFETIME IS SOMETHING TO ME THAT NEED TO BE BY ITSELF.
>> MY WORRY IS WHERE WE PROPOSING IT WITH A POOL AND EVERYTHING ELSE, IS NOT TOO FAR FROM PEOPLE'S BACKYARDS, RIGHT
[01:15:03]
NEXT TO THE MEMORIAL. IS IT GOING TO BE PROBLEMATIC FOR NOTSIMPLY? >> THEY HAVE ALREADY AGREED TO PUT UP BERMS AND TREES. IT IS NOT THAT CLOSE TO RESIDENTIAL.
THEY HAVE NEIGHBORS. THEY ARE NOW RIGHT ACROSS THE STREET FROM THE PARK. THEY USED TO BE ACROSS THE STREET FROM A GOLF COURSE OR ACROSS THE CANAL. THEY HEARD GOLFERS SCREAMING ON THE COURSE. THEY ARE USED TO THAT. PEOPLE PLAY MUSIC. THAT IS WHAT THEY HAD FOR THEIR WHOLE LIVES AND NOW THERE IS A PARK. SO THEY'RE GOING TO BE PEOPLE OUT THERE PLAYING, PEOPLE OTHER WRITING BIKES. PEOPLE OUT THERE WALKING.
>> THIS VERSION OF OF LIFETIME WOULD BE A TWO STORY LIFETIME?
>> THEY DID SUBMIT A DRAWING. >> HOW WOULD THAT BE IF IN THEORY THEY ARE ONLY GOING TO DO TWO STORIES ?
>> THERE IS ALSO THAT WHOLE OUTSIDE ELEMENT. THE POOLS IN
THE PICKLE BALL. >> THE BUILDING THAT THEY OUTLINED -- YOU ARE OKAY WITH LIFETIME IN THE VILLAGE --
INAUDIBLE ] >> I THINK WE ARE DOING IN
REVERSE ORDER. >> THE PROFESSIONAL DID NOT
THINK THAT. >> OUR PROFESSIONAL DID NOT INCLUDE THIS IT IS MASTER DEVELOPMENT PLAN. WHAT HE HAS ALREADY COMMENTED THAT THIS WOULD BECOME FROM ENTRY. THIS WOULD BECOME THE ENTRY TO THE VILLAGE. HE SAID THAT.
>> I UNDERSTAND. BUT WHAT IS GOING TO GO IN THE VILLAGE? WE
HAVEN'T PLANNED THAT. >> WE HAVE IN -- TO GIVEN SOME IDEAS OF RESTAURANTS BUT THE DEVELOPER IS GOING TO SAY THIS IS WHAT WILL BE IN THERE. IT WILL BE AN ITALIAN RESTAURANT WITH THREE RESTAURANTS AND RETAIL. YOU WILL BE ABLE TO DO CLOTHING OR A BARBER SHOP FOR A COFFEE PLACE, WHATEVER. WE ARE NOT GOING TO SIT HERE AND SAY THAT WE WOULD LIKE TO SEE SOMETHING EXPERIENTIAL, HIGH-END RESTAURANTS, STUFF LIKE THAT. THE DEVELOPER WILL COME IN AND SAY THIS IS THE MARKET. THESE ARE THE TENANTS THAT I CAN GET YOU. WE ARE NOT
GOING TO BE ABLE TO JUST SAY -- >> A THING TO YOUR POINT -- LIFETIME IN PARTICULAR DOES ADD AN ELEMENT OF CREDIBILITY TO THE MARKET THAT THE RETAIL DEVELOPERS ARE GOING TO BE RESPONSIVE TO. IF YOU HAVE LIFETIME AS A COMMITTED TENANT AND PARTNER AS PART OF YOUR CITY, AS PART OF YOUR DEVELOPMENT. IT GIVES THE RETAIL DEVELOPERS THAT WOULD BE LOOKING AT VILLAGE IN THE PARK OPPOSITE UNITY -- OPPORTUNITY THAT COMFORT THAT THE MARKET COULD SUPPORT THAT LEVEL OF DEMAND, SO ON AND SO FORTH. I DON'T THINK I WOULD AGREE WITH JOHN THAT IT IS GOING TO CANNIBALIZE. I DO BELIEVE THAT YOU WILL STILL SEE PILATES, YOGA, WHATEVER IS ON THOSE PRETTY PICTURES FROM LIFETIME, YOU WILL STILL SEE SOME ELEMENT OF THAT IN VILLAGE IN THE PARK. AS THE MAYOR SAID, NOT EVERYBODY IS GOING TO BE A LIFETIME MEMBER. PEOPLE DON'T LIKE THAT, EVEN THOUGH IT IS DIFFERENT, THAT CLUB FEELING AND THEY WANT TO GO TO A BOUTIQUE FITNESS EXPERIENCE
>> ONE MORE THING JUST TO TOUCH ON THAT BEFORE WE MOVE ON. I THINK IT IS MORE OF A RISK OF TENANTS BUILDING OUT THE VILLAGE PERSON HAVING A HARDER TIME -- THEN IT IS NOW VERY LIMITED. NINE ACRE SPACE CAN BE STANDING ALONE. IF YOU PICK WHATEVER WE PICK NOW, WE STILL HAVE THE FREE-FOR-ALL OF WHATEVER THE VILLAGE WANTS. I THINK THERE IS MORE INTEREST
GOING ONE WAY THEN THE OTHER. >> ASSISTED LIVING, SENIOR LIVING, THAT ALLEGRO TYPE BUILDING THAT IS PLANNING TO GO THERE. WE DON'T KNOW WHAT THEIR PROPOSAL IS. THIS EXERCISES FOR OTHER ALTERNATIVES FOR OTHER PEOPLE THAT WOULD BE INTERESTED. I AM JUST SAYING THAT IF THIS COMMISSION, OR OUR DEVELOPER, 505, LOVE THE IDEA OF LIFETIME SO MUCH AND THINGS THAT IT IS GOING TO HELP THE VILLAGE, WOULDN'T THAT HELP THE BETTER INSIDE THE VILLAGE WERE OUTSIDE
THE VILLAGE? >> WELL, IF WE HAVE ALREADY COME BACK TO CONCEPTUAL LAYOUT, THE LAYOUT OF THE VILLAGE, BASED ON HOW IT CURRENTLY LOOKS, THEY ARE TRYING TO
MAINTAIN SOME LOW-DENSITY. >> A LOW-DENSITY LIFETIME. A TWO STORY LIFETIME, NOT LIKE THE ONE IN PGA THAT IS FIVE
STORIES. >> IT IS ALSO HUNDRED 50,000
SQUARE FEET. >> IT IS A BUILDING THEY
PROPOSED. >> IS AT 85,000 . THAT IS A BIG
[01:20:04]
BOX BUILDING. >> THAT CHANGES THE ELEMENT .
THAT BUILDING IN THE VILLAGE WOULD MAKE IT FEEL LIKE A POWER CENTER. I'M NOT SAYING THAT THERE'S ANYTHING WRONG WITH POWER CENTERS, BUT THAT IS NOT THE LOOK AND FEEL THAT YOU ARE GOING FOR FOR VILLAGE IN THE PARK. BUT, LIFETIME FITS VERY WELL AND THEY ARE IN A BUNCH OF POWER CENTERS.
>> YEAH. I MEAN, WE HAVE A POTENTIAL PERSON, BUYER OF THIS PROPERTY, THAT WILL PUT US IN FULL. WE WILL TOTALLY BE BACK TO ZERO FOR OUR INITIAL INVESTMENT, INCLUDING ONE OF THEIR COST WE HAD. IT GIVES US LEVERAGE TO CORAL SPRINGS TO SAY HERE IS THE EIGHT ACRES. YOU ARE GOING TO GIVE US THIS HIGH REVENUE GENERATING FACILITY. SO, THAT IS A HUGE PLUS. AGAIN, IT IS AN AMENITY, UNDOUBTEDLY, THAT OUR METHODS WILL USE. THERE IS ZERO QUESTION THAT THEY WOULD USE
>> THE ASSISTED. >> THE ASSISTED LIVING.
>> NOT FOR NOTHING, HOW MANY ASSISTED-LIVING PLACES ARE WE GOING TO HAVE IN AND AROUND THE CITY OF PARKLAND? WHAT AMENITY, WHAT BENEFIT, WHAT DOES THAT DO TO MAKE THE RESIDENTS OF PARKLAND HAVE MORE TO DO, HAVE MORE OPPORTUNITIES COME OUT MORE OPTIONS. YOU KNOW? THAT TO ME IS GOING TO BE MORE THAN LIKELY NON-PARKLAND RESIDENTS COMING IN AND BUYING THOSE FACILITIES. IT DOES NOT OFFER ANY POSITIVE SPIRIT
>> IT CREATES MORE OF A RESIDENTIAL ENVIRONMENT, WHICH IS WHAT WE WERE TRYING TO AVOID. RIGHT? CREATING MORE THE RESIDENCY COMPONENT. BUT THE QUESTION I HAVE IS IN TERMS OF TIMING. YOU MENTIONED IT IS SUMMER AND THINGS ARE REVVING BACK UP. BUT DOES THAT MEAN THAT IF YOU ARE DOING SECOND ROUND OR SOMETHING, YOU WOULD EXPECT THAT THERE WOULD BE ADDITIONAL OTHER PROPOSALS OR DO YOU THINK, YOU'RE
COMFORTABLE WITH THIS. >> AGAIN, THERE WAS A GROUP THAT WE WERE TALKING TO THAT IS IN THE IMMERSIVE ENTERTAINMENT, YOU HAVE SEEN THE SPEAR IN LAS VEGAS. THEY BUILD THOSE KIND.
YOU KNOW, THEY WERE THREATENING TO COME IN HERE AND BUILD A BUILDING WHERE YOU WOULD GO IN AND HAVE DIFFERENT EXPERIENCES
LIKE THAT. >> I WOULD LIKE TO HEAR MORE ABOUT IT BUT I DON'T WANT A SPHERE .
>> IT IS NOT LAS VEGAS. >> I LOVE THAT IDEA . SORRY, WE ONLY WANT TO DO THIS ONCE FOR THIS PROPERTY. SOMEONE IS GOING TO SPEND A LOT OF MONEY TO DEVELOP IT. YOU WANT TO MAKE SURE THEY HAVE SOME LONGEVITY. I THINK LIFETIME IS DEFINITELY A GREAT, VIABLE CANDIDATE, BUT IF WE ARE GOING TO MAKE A DECISION, I THINK TO COMMISSIONER BRIER'S POINTS, WE WANT TO HAVE THE FULL OPTIONS TO MAKE IT FROM.
>> WHAT IS THE TIMING? THE OTHER THING YOU HAVE TO UNDERSTAND, IF WE WANT TO GET THOSE 10 ACRES INTO THE CITY OF
PARKLAND, IT IS NOT FOREVER. >> WHY ARE WE USING SELLING THIS PROPERTY IS A TRADE-OFF? I UNDERSTAND THE NOTION OF HAVING A DISCUSSION WITH CORAL SPRINGS THAT IF WE CAN GET TO SOME AGREEMENT THAT WE WILL PUT SOMETHING THAT GENERATES -- THAT WAS MY POINT BEFORE. IF WE CAN AGREE TO PUT SOMETHING THAT GENERATES TAX REVENUE ON THIS PARCEL FOR THEM, THAT IS ALL THEY CARE ABOUT. THEY DON'T CARE THAT WE HAVE SOLD THE PROPERTY TO LIFETIME OR SOMEBODY ELSE.
>> I AM SURE THEY HAD -- WANT SOMETHING THAT IS A POSITIVE TO THEIR COMMUNITY. THEY WANT REVENUE, BUT THEY WANT SOMETHING THAT WILL BE A POSITIVE TO THE COMMUNITY.
>> I DON'T WANT TO CONFLATE ALL OF THE ISSUES, YACHT ANNEXATION WHICH IS A SEPARATE ISSUE UNTO ITSELF. HEAR ME OUT, IT IS A SEPARATE ISSUE UNTO ITSELF. AGAIN, IF YOU WERE TO SAY YOU WILL GET NO REVENUE FROM THE 9.3, YOU WILL GET $1 BILLION FROM A 9.3. WE HAVE TO SEPARATE THE ANNEXATION AND D ANNEXATION. BUT THERE IS A PLAN FOR THAT. THE SECOND ELEMENT IS WHAT WE CONTROL PUTTING ON THAT 33 ACRES. IF WE WERE ABLE TO GET ALL OF IT, WE HAVE A LOT MORE CONTROL OVER WHAT TO PUT, WHERE IT GOES, WHERE HE DOESN'T GO. THAT IS THE SECOND ELEMENT. TO ME, THAT IS THE IMPETUS BEHIND THE ANNEXATION.
YOU DON'T HAVE TO WORRY ABOUT CODE ENFORCEMENT, GARBAGE, TRASH. WHATEVER IT MAY BE. IT SEEMS TO BE THAT CORAL SPRINGS IS ON THE WAY WITH THAT. AT LEAST FROM WHAT I AM HEARING.
[01:25:02]
THE OTHER ELEMENT IS WHAT WE PUT ON THE 9.3 ACRES, WHICH IS PART OF WHAT CORAL SPRINGS IS INTERESTED IN. THAT IS WHERE THE COLLABORATION PIECE IS. SO I UNDERSTAND COMMISSIONER BRIER'S POINT WITH WHAT HE IS TALKING ABOUT WITH LIFETIME OR SOMETHING ELSE. IS SOMETHING ELSE BETTER IN THE 9.3? IS THE ASSISTED LIVING BETTER IN THE VILLAGE OR IS IT BETTER ON THE OUT ARSENAL? I THINK THAT COMES BACK TO HAVING THAT COLLABORATION WITH CORAL SPRINGS BECAUSE AT THIS POINT, JUST IN MY MIND, THE CONVERSATION WE ARE GOING TO HAVE WITH CORAL SPRINGS, WE DON'T HAVE TO SELL ANYTHING.WE CAN SAY LOOK, WE HEAR YOU, WE WANT TO PUT SOMETHING THERE THAT WORKS FOR BOTH COMMUNITIES. THERE MAY BE MORE PROPOSALS OUT THERE TO FIND OUT WHAT WORKS. YOU DON'T HAVE IT WHERE YOU PUT A LIFETIME FITNESS AND YOU KNOW WHAT, PEOPLE ARE TURNING AROUND AND SAYING I DON'T WANT TO SPEND $500, I WOULD RATHER GO TO MARY'S YOGA PLACE BECAUSE WHATEVER IT IS. WHATEVER YOU KNOW, LIFETIME FITNESS SAYS WE CAN'T MAKE IT HERE AND THEY ARE LEFT WITH AN EMPTY BED.
THAT GETS BACK INTO THE CONVERSATION WHERE MY OPINION IS WHERE WE NEED TO LOOK AT. SEPARATING THOSE ISSUES AND COMING THROUGH WITH A RESOLUTION.
>> IF I WAS TRYING TO NEGOTIATE SOMETHING, I WOULD WANT ALL OF THE LEVERAGE POSSIBLE. SO, FOR US TO SIT HERE AND SAY WE WILL GET YOU SOMETHING, WE WILL GET YOU REVENUE. MAYBE IT IS THIS YEAR, NEXT YEAR. WE KNOW NO MATTER WHAT GETS THERE, UNLESS IT STAYS THERE, IT DOES NOTHING. SOMEBODY IS GOING TO BE UPSET. THERE IS NO IF'S, AND'S OR BUTTS ABOUT IT. WE CANNOT PUT ANYTHING IN THERE THAT WANT HAVE SOMEBODY UPSET.
I AM TRYING TO LEVERAGE AND NEGOTIATE WITH SOMEBODY, THE MORE TOOLS I HAVE IN MY BOX, THE MORE SUCCESSFUL I AM GOING
TO BE IN HIS NEGOTIATIONS. >> EVEN IF LIFETIME WERE TO SAY I AM GOING THERE TOMORROW. THEY STILL HAVE DEPENDENT UPON THEIR LAST DISCUSSION ITEM, THEY STILL HAVE TO GO THROUGH AND
SID TO GET APPROVAL. >> THEY ALSO OFFERED UP SOME ITEMS. THEY WANTED A PARKING SPOT. THEY WANTED SOME CASH.
NSID WANTED EXTRA BERMS. >> THEY STILL HAVE TO GO THROUGH A FINAL APPROVAL WITH NSID.
>> THEN THEY HAVE TO GO THROUGH A FINAL APPROVAL WITH CORAL
SPRINGS, AS WELL. >> YOU ARE LOOKING AT IT AS IF YOU CAN'T MAKE A BEGINNING OF DECEMBER DECISION, EVEN EARLIER THAN THAT FOR ANNEXATION, WE ARE TALKING ABOUT ANOTHER YEAR
>> CORAL SPRINGS COULD POTENTIALLY --
>> RICH. RICH. YOU HAVE TO GO TO THE LEGISLATIVE DELEGATION.
I'M TELLING YOU IF YOU DON'T GET SOMETHING THAT IS SIGNED, SEALED AND DELIVERED WITH ALL OF THE PAPERWORK AND EVERYTHING ELSE BY THE BEGINNING OF DECEMBER, IT IS NOT GOING TO GO
THROUGH. >> I THINK AT THIS POINT, NOW, WE SHOULD TABLE THIS . IF WE WANT TO GO AND DO SOME OTHER STUFF, I THINK AT THIS JUNCTURE WE SHOULD TABLE IT.
>> MARKET AND BRING IT BACK AT A FUTURE TIME TO SEE IF THERE IS ANY BETTER PROPOSALS. MY GOAL IS TO GET YOU ALL ON BOARD. OBVIOUSLY, YOU ARE NOT ALL ON BOARD. THAT IS VERY CLEAR. EVEN TO HAVE A JOINT WORKSHOP WITH ANOTHER MUNICIPALITY, I DON'T THINK IT WOULD BE AS PRODUCTIVE, BECAUSE WE ARE NOT ON BOARD OURSELVES GOOD SO I DON'T WANT TO PUT US OUT THERE WITH NOT HAVING A CLEAR FOCUS. OR EVEN HAVING A CLEAR VENDOR THAT WE ALL THINK IS VIABLE. I AM NOT SENSING
THAT. >> MY UNDERSTANDING OF THE JOINT WORKSHOP WAS TO DISCUSS AND TRY TO RESOLVE THE ANNEXATION. TO COMMISSIONER MAYERSOHN'S POINT. --
>> THE ANNEXATION CAN BE DONE BEHIND CLOSED DOORS. WE DON'T NEED TO HAVE A JOINT WORKSHOP YOU WILL NEED TO HAVE A JOINT WORKSHOP . NANCY CAN TALK TO FRANK AND WE WILL TAKE OUR VOTE. THEY CAN TAKE OUR VOTES. THERE IS NO AND IF IT TO HAVING
A JOINT WORKSHOP. >> IS THE JOINT WORKSHOP TO TALK ABOUT WHAT IS GOING TO GO ON THE NINE ACRES?
>> IN ORDER TO DEVELOPMENT >> TO TALK ABOUT THE D ANNEXATION WITH CORAL SPRINGS IN THE NINE ACRES.
>> IF WE DON'T HAVE THE PIECE THAT SAYS HEY, WE HAVE THE
[01:30:03]
FACILITY THAT WE WOULD LIKE TO DO, WOULD YOU BE INTERESTED IN DOING THAT? WITHOUT HAVING THAT, THERE IS NO REASON TO HAVE A JOINT WORKSHOP YOU CAN DO EVERYTHING ELSE BEHIND CLOSED DOORS. I'M GOING TO SAY IT FOR THE LAST TIME, IT IS DISAPPOINTING THAT WE HAVE AN OFFER ON THE TABLE OF AN AMENITY THAT OUR RESIDENTS WILL USE AND WE ARE FORGOING THE CHANCE TO REINVEST BACK INTO OUR COFFERS WHEN WE KNOW NO MATTER WHAT GOES THERE, THERE IS GOING TO BE RESIDENTS INHERENTLY UNHAPPY. REGARDLESS OF WHAT GOES DOWN. IT IS IMPOSSIBLE FOR US TO TRY TO MAKE EVERYBODY HAPPY. WE HAVE TO TRY TO MAKE THE DECISION THAT IS BEST FOR THE TOTALITY OF THE RESIDENTS. FOR ME, LIFETIME FITNESS IS A PREEMINENT RETAILER WITH A NAME THAT IS GOLD, THAT IS DESPERATE TO COME INTO THE CITY APARTMENT AND PS A SIGNIFICANT AMOUNT OF MONEY AND WE ARE LETTING THAT SLIDE AND OUR CONSULTANT HAS SAID AND AGREED, OUR OTHER CONSULTANT HERE HAS SAID AND AGREED THAT CAN ONLY BENEFIT THE VILLAGE. IT CANNOT HURT, IT WILL NOT CANNIBALIZE, IT WILL ONLY HELP THE VILLAGE. SO HERE WE ARE TRYING TO MAKE ALL THE RIGHT DECISIONS AND TWO CONSULTANTS ARE TELLING US THAT THIS IS A GOOD DIRECTION AND YET, WE ARE NOT WILLING TO PULL THE TRIGGER. WE ARE JUST GOING TO WAIT UNTIL NEXT YEAR? THAT'S FINE. I AM FINE TO WAITUNTIL NEXT YEAR. >> THE QUESTION I HAVE , FOR TODAY'S PURPOSE, THIS WAS A DISCUSSION, AS I UNDERSTOOD IT.
>> IT IS NOT A VOTE. IF YOU'RE TRYING TO GET A SENSE FOR WHO IS WITH IT, AND HE WAS AGAINST IT, RIGHT. SO, WE HAVE FOUR PEOPLE TO MAKE THAT DECISION. I WILL TELL YOU THAT I LIKE THE LIFETIME IDEA. THAT IS MY PERSONAL IDEA. NOT JUST THE FACT THAT I LIKE THAT OUTSIDE THE VILLAGE PERSONALLY, BUT I THINK THAT THE AMENITY LIKE THAT IS ADJACENT TO PEOPLE THAT WANT TO THAT FITNESS CAN ESTOPPEL HAVE OPPORTUNITIES ADJACENT TO THAT. AS YOU POINTED OUT AND AS JOHN HAS POINTED OUT, A SUBSTANTIAL CONTRIBUTION TO THAT, AS WELL.
FROM THAT PERSPECTIVE, I AM ON BOARD WITH THAT ONE. JUST A MILLION-DOLLAR OFFER. SIX MILLION-DOLLAR OFFER .
>> NEVER NEGOTIATED EITHER. >> MAY HAVE A NEGOTIATED THAT , EITHER. IT WOULD PUT US BACK TO BETTER THAN EVEN BUT POTENTIALLY, BENEFITING AND MAKING DINNER -- DECISIONS ON
THE GO. >> TRIM OF THE CLUBHOUSE IS FALLING APART. WE ARE GOING TO HAVE TO KNOCK IT DOWN. WE ARE BEARING COSTS, TO ME, I DON'T KNOW.
>> PUT ASIDE WHO IS IN FAVOR OF WHAT. BUT WHEN THEY PUT US IN A BETTER NEGOTIATING POSITION IF WE HAVE MORE OFFERS AND MORE INTERESTED PARTIES ON THE PARCEL RATHER THAN TWO?
>> HOW DO YOU NEGOTIATE WITH UP TO THREE?
>> THREE TECHNICALLY. >> ONE IS A LEASE, BUT THE OTHER ONE OFFERED SEVEN AND LIFETIME OFFERED SIX.
>> PUT IT THROUGH TO DELEGATION, BUT ON THE SAME PAGE, WHICH THERE IS STILL TIME TO DO THAT, YOU STILL HAVE AN OPPORTUNITY TO AT LEAST PRESENTED TO THEM. IF THEY DON'T WANT TO TAKE, DON'T WANT TO HEAR IT, THAT IS FOR THEM TO DECIDE THAT THEY DO NOT WANT TO HEAR IT. BUT, STILL PLENTY OF OPPORTUNITY FOR OUR TWO CITIES TO GET TOGETHER AND REALIZE THAT WE ARE NOT GOING TO MAKE EVERYBODY HAPPY, BUT THIS IS SOMETHING THAT I THINK IN TOTALITY, THE RESIDENTS WILL
ABSOLUTELY ENJOY. >> THE ANNEXATION ISSUE, IF YOU HAVE TWO CITIES THAT ARE GREEN TO IT, THE DELEGATION IS GOING
TO PUT IT THROUGH. >> THERE IS A TIMELINE. A TIMELINE TO HAVE IT ALREADY THAT HAS TO BE IN. AGAIN, IF YOU DON'T GET IT IN, I AM USING DECEMBER AS A DATE.
NOTHING HAS BEEN SAID YET. BUT THE FIRST PUBLIC HEARING IN DECEMBER, THE NEXT PUBLIC HEARING SOMETIME IN JANUARY, MY
[01:35:03]
UNDERSTANDING TO GET A QUORUM AND EVERYBODY ELSE TOGETHER MAY BE EXTREMELY DIFFICULT. SO, WHEN YOU HAVE TO SUBMIT THAT TO THE STATE, YOU HAVE GOT TO GET SUPPORT FROM THE DELEGATION ANDIT HAS TO GO UP TO THE STATE. >> YOU WOULD LIKELY HAVE THE NEED TO PASS AN ORDINANCE IN BOTH CITIES WITH THE REQUIRED NOTICES AND PUBLIC HEARINGS. SO, THAT IS TWO HEARINGS.
>> THERE IS STILL OPPORTUNITY ON WHETHER OR NOT YOU COULD GET IT DONE. THERE ARE OPPORTUNITIES FOR THAT TO HAPPEN. BUT THEN, AS WE TRY TO DESIGN THE VILLAGE, WE DON'T HAVE TO TAKE INTO CONSIDERATION CORAL SPRINGS AT ALL.
>> ALSO, WE USE THAT AS THE LEVERAGE OF BRINGING IN OTHER DEVELOPERS OR OTHER POTENTIAL RETAIL TO THE VILLAGE .
WHEREAS, IT MAY BE HARDER TO HAVE IT COME IN A VACUUM ALL THAT IS STILL OUTSTANDING. BUT, WHATEVER WE DECIDE TO GO, WE WANT TO MAKE SURE IT HAS SOME KIND OF COMPLEMENTARY FASHION TO THE HOTEL NEXT TO IT. IF THOSE TWO KIND OF HELP DRAW ATTRACTION TO EACH OTHER, THEN YOU HAVE MORE CONFERENCES, MORE FROM THE STANDING OF THE HOTEL, IT IS ACTUALLY GOING TO BRING PEOPLE TO THE VILLAGE. YOU DON'T HAVE TO WORRY ABOUT TOO
MUCH TRAFFIC. >> LIFETIME WHILE IT WILL HAVE PEOPLE, IT IS GOING TO BE THE SAME PEOPLE BECAUSE IT WILL BE ALL MEMBERSHIPS. YOU ARE GOING TO HAVE MORE PEOPLE COMING UP.
EVERYONE AT LIFETIME, PEOPLE WAKE UP AT 5:00. 5:00. IT IS
NOT A TRI-COUNTY DRAW. >> AC PROS AND CONS. WE ARE TRYING TO COMPLETE A TRI-COUNTY DRAW.
>> I LOOK AT IT FROM A STANDPOINT . HOW MUCH MORE CAN WE SQUEEZE OUT OF THE LEMON FROM THAT AREA, WHAT ARE WE
GOING TO GET, 20 MILLION? >> WE ARE IN A RANGE OF SOMEWHERE IN THERE. WHAT IS MORE CONCERNING TO ME IS THAT CORAL SPRINGS IS ON BOARD WITH THIS. THEY CAN SAY SOMETHING THAT THEY WANT TO GENERATE MORE REVENUE. I DON'T KNOW WHERE WE ARE AT. THE OTHER PART IS, IF THAT PLAN IS STILL WHAT IT WAS BEFORE, THE ARGUMENT WAS AN SID WANTED US TO APPROVE IT AND THEN THEY WOULD DECIDE WHAT TO DO. WHO KNOWS WHAT THEY WILL
DECIDE. >> IT BOTH CITIES APPROVE IT, DO YOU THINK AYE FORWARD TURN IT DOWN?
>> IT IS A JOINT WORKSHOP TO SEE IF WE CAN ALL BE ON THE
SAME PAGE. >> IT IS GETTING IT ON THE NSID CALENDAR. IF WE ARE MOVING FORWARD QUICKLY FOR THE POINT OF ANNEXATION SO THAT WE CAN START MOVING WITH THE VILLAGE, WE HAVE GOT TO MOVE VERY QUICKLY. IF NOT, AS YOU SAID,
WE CAN TABLE THIS. >> I DON'T WANT ANYONE TO THINK THAT TIMING IS MAKING ME FEEL THAT LIFETIME IS THE RIGHT FIT. I FEEL THAT LIFETIME IS THE RIGHT FIT, PERIOD. IF I HAVE TO MAKE THE DECISION TODAY OR SIX MONTHS FROM NOW. OTHER OFFERS WERE LESS OFFERS. JOHN CONVINCED ME AND CAN -- CAN REINFORCE THAT. THIS IS A POSITIVE TO OUR VILLAGE. THIS CAN ONLY BRING BETTER AND HIGHER QUALITY VENDORS, WHICH IS EXACTLY WHAT WE WANT. THAT MAKES ALL OF THE DIFFERENCE IN THE WORLD. THIS HELPS PROTECT AND PROMOTE THE VILLAGE. THIS DOESN'T TAKE IT DOWN. THIS WILL ALREADY GET US RUNNING OFF SOLID FOOTING. I CANNOT WAIT TO MOVE TO THE VILLAGE.
>> I'M GOING TO I DO THINK TIMING IS A FACTOR WITH UNKNOWN MARKET DYNAMICS. BIRD IN THE HAND IS BETTER THAN TWO IN THE BUSH. WE HAVE SOMEONE WHO IS WILLING TO GIVE US AN ENTICING OFFER FOR WHO KNOWS A YEAR FROM NOW WHAT CHANGES WILL BE IN THE ECONOMY THAT WE MAY HAVE PEOPLE WHO ARE NOT LOOKING TO DEVELOP A $30 MILLION PROJECT. WE DON'T KNOW, OBVIOUSLY. THAT IS A CHANCE, THAT IS A POSSIBILITY. I JUST WORRY THAT WE ARE HAVING SOMETHING IN FRONT OF US RIGHT NOW THAT THE MAJORITY, IF IT IS FOUR OF US, A MAJORITY TO SEE THAT IT IS THE RIGHT FIT FOR THE RIGHT OPPORTUNITY, I WOULD LIKE TO HAVE MORE CONFIDENCE IN TAKING SOME OF IT IS TANGIBLE.
SOMETHING THAT IS HERE, RATHER THAN PUT OFF AND LET'S HOPE
[01:40:02]
AND WHAT IF. THERE COULD BE GREAT OTHER THINGS OUT THERE,BUT THEY COULD ALSO NOT BE. >> I DON'T TO WORRY ABOUT THE TIMING. WE ARE TALKING ABOUT SELLING THE PROPERTY FOR 700
AND ACRE, ROUGHLY. >> IT IS NOT JUST ABOUT SELLING, IT IS HE WANTS TO DEVELOP THE BUSINESS
>> WE ARE NOT GETTING ANY TAX REVENUE FROM THIS PROPERTY. ALL WE ARE DOING IS SELLING IT FOR 100 -- 700 GRAND AND ACRE. SO
THAT IS THE CONCERN. >> WE GET TO USE THE AMENITY.
>> IT IS A BUSINESS . >> MY POINT IS, IS THERE A RISK THAT IN FIVE YEARS, THAT PROPERTY IS LESS THEN 500 GRAND
BREAKER? >> YOU WANT TO HAVE MORE TIME.
LET'S SAY WE ARE A YEAR FROM NOW AND WE ARE STILL FIELDING THINGS AND WE MAY NOT BE GETTING AS MUCH DEMAND BECAUSE THE ECONOMY, WE HAVE ALL SEEN IT. IT EBBS AND FLOWS.
>> I WAS HOPING TO HAVE 10 DIFFERENT OFFERS TODAY. WE
ESSENTIALLY HAVE TWO. >> WHAT ELSE IS OUT THERE , TO ME, ASSISTED-LIVING, MEDICAL FACILITY, THAT DOESN'T HELP WHAT PARKLAND OFFERS TO THE RESIDENCE. -- PLEASANTS.
LIFETIME OR THAT ILK, BUT YOU HAVE THE PROBLEM THAT CORAL SPRINGS IS OPEN LATER, A LITTLE BIT LOUDER, LITTLE BIT BIGGER.
IT HAS MORE LIGHTS. CORAL SPRINGS IS PROBABLY MORE LOOSE WITH THEIR ZONING THE AND WE ARE. WE HAVE SOMETHING WE CAN KEEP TWO STORIES, KEEP IT CONTAINED. THE MINIMAL IMPACT TO THE RESIDENTS THAT OUR COUSINS WILL USE.
>> IF I CAN MAKE A SUGGESTION, AGAIN, JUST DIRECTION. LET'S FIND OUT IF LIFETIME CAN DO SOMETHING WITHOUT UTILIZING THE
NSID. >> THAT WOULD BE MY IDEAL. I WOULD HAVE TO HATE TO INCLUDE ANOTHER ENTITY. THEY REACHED OUT TO CORAL SPRINGS BECAUSE ALL OF THE LAND WHERE THE CONVENTION CENTER IS IN THE PARKING AREA, THAT THEY WOULD WORK HAND-IN-HAND WITH LIFETIME TO ASSIST WITH PARKING.
>> THAT'S ALL HAVING ANOTHER ENTITY. I WOULD REACH OUT TO LIFETIME, REACH OUT TO FRANK, SEE WHAT HIS THOUGHTS ARE.
>> I HAVE. WE HAVE. FRANK AND HIS STAFF ACTUALLY VISITED THE LIFETIME WITH US AND THEY WERE VERY PLEASED WITH THE LIFETIME.
HE DID DISCUSS LIFETIME WITH HIS COMMISSION AND THEY LIKED
THE CONCEPT. >> AS MUCH AS I UNDERSTAND THE POINT, THIS IS THEIR LAND. IT IS OUR LAND NOW, BUT IT IS IN THEIR CITY. IT IS GOING TO BE IN THEIR CITY. IF LIFETIME ENDS UP TO BE THE GREATEST IN THE WORLD, THAT IS GREAT FOR THEM.
IF LIFETIME TURNED OUT TO BE THE WORST THING IN THE WORLD, IT IS ON THEM, IT IS NOT ENOUGH. LOOKING BACK AT IT FROM WHEN WE PURCHASED THE WHOLE PROPERTY, IF WE SAID TO AN SID, WE DON'T WANT THIS 9.3 ACRES, WE WILL BUY THE REST
>> DATE THROUGH IT IN. THEY THREW IT IN WITH A PRICE
ATTACHED TO IT. >> I DON'T THINK WE WOULD'VE PURCHASED IT ANYWAY BECAUSE IT IS NOT OUR CITY. WHEN YOU START MIXING AND MINGLING CITIES,IT JUST DOESN'T WORK.
>> SEE, I DISAGREE WITH THAT BEAUTY PURCHASED THE ENTIRE PARCEL KNOWING THAT THERE WERE PORTIONS THAT WERE NOT IN OUR CITY BECAUSE WE WERE CONCERNED THAT IF WE DID NOT CONTROL THE PROCESS, SOME OTHER CITY COULD DO SOMETHING WE DIDN'T WANT GET IT DOES PARK UP TO PRESIDENTS, HERON BAY, SPLIT BY HERON BAY AND PARKLAND IS A LOT OFS MADE THERE.
>> A LOT OF WHICH ARE CORAL SPRINGS.
>> NOT MOST, BUT A GOOD CHUNK. I POINTED THE RESIDENTS WHO ARE HERE, WHEN THEY BOUGHT THE PROPERTY TO CONTROL WHAT GOES THERE. I HEAR YOU, BUT WHEN WE SAY IF WE PUT LIFETIME, THAT IS NOT ON US, WE ARE THE ONES SELLING IT.
>> WE ARE CONTROLLING. WE ARE THE ONES WHO FIELDED THE OFFER FROM LIFETIME. WE ARE GOING TO TALK TO LIFETIME. THERE ARE AT LEAST THREE OF US TO SEE THE BENEFITS.
>> BOB, WE HAVE NOT GOT YOUR INPUT. WHERE ARE YOU ON THIS?
>> LIFETIME? MY MAIN GOAL IS AS LONG AS CORAL SPRINGS IS FINE WITH IT. HE WILL DO THE ZONING, THEY WILL HAVE TO WORRY ABOUT WHATEVER IT IS WEIRD MY THING IS, IF CORAL SPRINGS IS FINE WITH THAT, I UNDERSTAND COMMISSIONER BRIER'S POINT OF LET'S SEE WHAT ELSE IS OUT THERE, YOU CAN PROBABLY DO TWO THINGS SIMULTANEOUSLY AND SAY WE ARE LOOKING AT LIFETIME BUT AGAIN, GETTING BACK TO THE ANEXATION, AGAIN, IF WE DON'T
[01:45:04]
GET IT THIS YEAR, IT PUSHES US BACK , I DON'T THINK THERE IS A PROBLEM PUSHING IT THROUGH THE DELEGATION. BUT IN PRINCIPLE, TO BE ABLE TO MOVE FORWARD WITH THAT 33 ACRES AND SAY OKAY. WE ARE NOW GOING TO SELL IT OR DO WHATEVER WE WANT WITH IT. UNTIL WE HAVE THAT IN TOTALITY, WE CAN'T DO THAT, IT WOULDN'T HAPPEN UNTIL, IF IT GOES THROUGH THIS YEAR, IT WOULD BE SEPTEMBER, 2025. IF NOT, YOU ARE DEALING WITHSEPTEMBER, 2026. >> IT IS GOING TO TAKE TIME.
>> YOU ARE DOING TWO YEARS WITH RELATIVELY SPEAKING UNKNOWN BEFORE YOU COMPLETELY OWN THAT PROPERTY.
>> RATHER THAN COMPLETELY PUSHING IT OFF, YOU COULD SEE YOURSELF VOTING FOR LIFETIME FITNESS.
>> HE IS A CONDITIONAL YES. >> WE WOULD WANT TO HAVE THAT JOINT WORKSHOP. I THINK THE JOINT WORKSHOP DOESN'T HURT US. I THINK IF THE CONVERSATION GETS A LITTLE BIT SQUARELY, WE
JUST ADJOURNED. >> DOESN'T A JOINT WORKSHOP HER EAR FROM A NEGOTIATION STANDPOINT. ON BEHALF OF BOTH ENTITIES, LET'S ASSUME THERE'S FOR PEOPLE THAT WANT LIFETIME AND USE A LIFETIME AS IT BEFORE YOU GET ANY OTHER PROPOSALS AND ANYTHING ELSE. DOESN'T THAT BAR YOU FROM A NEGOTIATION STANDPOINT WITH LIFETIME?
>> BOB WAS ALSO INSINUATING IT DOESN'T MEAN THAT WE CANNOT
YIELD SOMEWHERE OFFERS. >> I THINK IT WOULD BE HELPFUL.
>> CORAL SPRINGS IS ON BOARD. IF WE GET OTHER OFFERS IN THE MEANTIME, WE CAN CERTAINLY HAVE THOSE DISCUSSIONS. AT LEAST FOR THIS CONVERSATION, WE CAN SAY WE BELIEVE WE ARE IN SOMEWHAT OF A CONSENSUS THAT LIFETIME IS A GOOD FIT. WE CAN GO IN THAT DIRECTION. IF IT TURNS OUT TO BE SOMETHING ELSE, SO BE IT.
BUT AT LEAST WE CAN HAVE THAT CONVERSATION. CORAL SPRINGS CAN PROBABLY SIGN INDIVIDUALLY THAT THEY WOULD LIKE TO SEE LIFETIME OR SOMETHING ELSE. AT THAT POINT, WE WOULD BE ABLE TO SAY THAT EITHER WORK WITH NSID OR NOT WORK WITH NSID. ESSENTIALLY TRY TO MEET THE DEADLINE TO GET THAT ANNEXATION IN THIS YEAR.
>> THE CONDITION ON THE PRICE BEING RIGHT. IT DOESN'T HAPPEN IT DOESN'T HAPPEN. BUT AT LEAST YOU HAVE THAT CHANCE.
>> WE ARE ON FOR THE 10TH WITH THE JOINT WORKSHOP WITH CORAL SPRINGS AND I HAD A MEETING WITH GIRLS SPRINGS ON FRIDAY.
>> GOT A PIECE OF PIZZA.
* This transcript was compiled from uncorrected Closed Captioning.