· 2018-04-06 · February 9, 2016 Page 1 of 6 BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA C O M M I S S I O N A G E N D A COUNTY COMMISSIONERS DISTRICT Bob Solari,

February 9, 2016 Page 1 of 6

BOARD OF COUNTY COMMISSIONERS

INDIAN RIVER COUNTY, FLORIDA

C O M M I S S I O N A G E N D A

COUNTY COMMISSIONERS

DISTRICT

Bob Solari, Chairman District 5 Joseph A. Baird, County Administrator Joseph E. Flescher, Vice Chairman District 2 Dylan Reingold, County Attorney Wesley S. Davis District 1 Jeffrey R. Smith, Clerk of the Circuit Peter D. O’Bryan District 4 Court and Comptroller Tim Zorc District 3

1. CALL TO ORDER 9:00 A.M. PAGE

2. INVOCATION

Commissioner Wesley S. Davis

3. PLEDGE OF ALLEGIANCE

Joseph A. Baird, County Administrator

4. ADDITIONS/DELETIONS TO THE AGENDA / EMERGENCY ITEMS

5. PROCLAMATIONS and PRESENTATIONS

None

6. APPROVAL OF MINUTES

None

Commission Chambers Indian River County Administration Complex

1801 27th Street, Building A Vero Beach, Florida, 32960-3388

www.ircgov.com

TUESDAY, FEBRUARY 9, 2016 - 9:00 A.M.


7. INFORMATION ITEMS FROM STAFF OR COMMISSIONERS NOT REQUIRING BOARD ACTION PAGE

A. Notice of Regular Meetings of the Indian River County Hospital District Board of Trustees, for the year 2016 1

B. Elected Public Official Bonds for the Indian River County Hospital Trustee Ann M. McCrystal, Thomas J. Spackman, Marybeth Cunningham, Allen N. Jones, James M. Seaton, and John Valdis Zudans are on File in the Office of the Clerk to the Board ---

C. 2016 Election of Code Enforcement Board Chairman and Vice Chairman (memorandum dated January 28, 2016) 2

8. CONSENT AGENDA

A. Approval of Checks and Electronic Payments January 22, 2016 to January 28, 2016 (memorandum dated January 28, 2016) 3-10

B. Change in Investment Policy

(memorandum dated January 29, 2016) 11-19 C. Quarterly Investment Report for Quarter Ending 12/31/2015

(memorandum dated January 29, 2016) 20-32

D. Quarterly OPEB Trust Report for Quarter Ending 12/31/2015 (memorandum dated January 29, 2016) 33-35

E. Traffic Control Device Ledger (memorandum dated January 21, 2016) 36-57

F. Approval of Sealed Bid Sale of 2606 52nd Avenue (memorandum dated February 2, 2016) 58-65

G. 45th Street Watermain Replacement – Change Order No. 3 (memorandum dated January 28, 2016) 66-69

H. Final Pay to M&M for WO No. 7 – North Sebastian Sewer Design – Commercial Area of Phase I (memorandum dated January 27, 2016) 70-72

9. CONSTITUTIONAL OFFICERS and GOVERNMENTAL AGENCIES None


10. PUBLIC ITEMS PAGE

A. PUBLIC HEARINGS None

B. PUBLIC DISCUSSION ITEMS None

C. PUBLIC NOTICE ITEMS

1. Notice of Scheduled Public Hearing March 1, 2016: MPM Seven, LP request to rezone ±12.39 acres located east of Old Dixie Highway, North of 77th Street and West of US Highway 1, from CL, Limited Commercial District, to CH, Heavy Commercial District; and request to rezone ±2.79 acres located approximately 1,450 feet north of 77th Street, east of Old Dixie Highway and west of US Highway 1, from RMH-6, Residential Mobile Home District (up to 6 units/acre), to CL, Limited Commercial District. (Quasi-Judicial) (memorandum dated January 28, 2016) 73-74

11. COUNTY ADMINISTRATOR MATTERS None

12. DEPARTMENTAL MATTERS

A. Community Development None

B. Emergency Services

None

C. General Services

None

1. Human Services

None 2. Sandridge Golf Club

None


12. DEPARTMENTAL MATTERS PAGE

C. General Services

3. Recreation

None

D. Human Resources

None

E. Office of Management and Budget

1. Health Insurance Financial Update and Summary of Cost Saving Options (memorandum dated January 25, 2016) 75-80

2. Quarterly Budget Report

(memorandum dated January 21, 2016) 81-89

F. Public Works

None

G. Utilities Services

None

13. COUNTY ATTORNEY MATTERS

A. Acceptance of Oceanside Replat Subdivision Streets for Paving and Maintenance (memorandum dated February 3, 2016) 90-95

14. COMMISSIONERS MATTERS

A. Commissioner Bob Solari, Chairman

1. All Aboard Florida – Expect Delays (memorandum dated February 4, 2016) 96-97

B. Commissioner Joseph E. Flescher, Vice Chairman

1. Fire Station and EMS Stations (memorandum dated February 9, 2016) 98

C. Commissioner Wesley S. Davis

None


14. COMMISSIONERS MATTERS PAGE

D. Commissioner Peter D. O’Bryan

1. Update from FAC Legislative Conference (memorandum dated February 3, 2016) 99

E. Commissioner Tim Zorc

None

15. SPECIAL DISTRICTS AND BOARDS

A. Emergency Services District

None

B. Solid Waste Disposal District

1. Final Pay for CDM Smith CCNA 2014 Work Order No. 1 – 2015 Annual Permit Compliance Monitoring & Reporting (memorandum dated January 14, 2016) 100-109

C. Environmental Control Board

None

16. ADJOURNMENT Except for those matters specifically exempted under the State Statute and Local Ordinance, the Board shall provide an opportunity for public comment prior to the undertaking by the Board of any action on the agenda, including those matters on the Consent Agenda. Public comment shall also be heard on any proposition which the Board is to take action which was either not on the Board agenda or distributed to the public prior to the commencement of the meeting. Anyone who may wish to appeal any decision which may be made at this meeting will need to ensure that a verbatim record of the proceedings is made which includes the testimony and evidence upon which the appeal will be based. Anyone who needs a special accommodation for this meeting may contact the County’s Americans with Disabilities Act (ADA) Coordinator at (772) 226-1223 at least 48 hours in advance of meeting. Anyone who needs special accommodation with a hearing aid for this meeting may contact the Board of County Commission Office at 772-226-1490 at least 20 hours in advance of the meeting.


The full agenda is available on line at the Indian River County Website at www.ircgov.com The full agenda is also available for review in the Board of County Commission Office, the Indian River County Main Library, and the North County Library.

Commission Meeting may be broadcast live by Comcast Cable Channel 27 Rebroadcasts continuously with the following proposed schedule:

Tuesday at 6:00 p.m. until Wednesday at 6:00 a.m., Wednesday at 9:00 a.m. until 5:00 p.m.,

Thursday at 1:00 p.m. through Friday Morning, and Saturday at 12:00 Noon to 5:00 p.m.

IRCHD Indian River County Hospital

RECEIV.ED

Distric-1 JAN O 3 2016

CLERK TO THE BOARD

January 25, 2016

Mr. Jeffrey R. Smith Clerk of the Circuit Court 2000 16th Ave. Vero Beach, FL 32960

Re: Indian River County Hospital District Meeting Schedule

Dear Mr. Smith:

Please be advised, that the Indian River County Hospital District Board of Trustees Regular Monthly Meetings will continue to be on the third Thursday of each month, at 4:30pm. The meetings will be held at the Indian River County Administration Building, County Commissioner's Chambers, 180127th Street, Building A, Vero Beach, Florida, 32960.

Should you have any other questions or concerns, please contact me directly at 772-770-0935.

AMS/kav cc: Jennifer Peshke, Esq .

Board of Trustees County Attorney' s Office County Commission Office [email protected]

attachments: none

Kate Voss, Administrative Assistant

\ \ DISTRJCSVRl \District Share\ Office Matters\ Correspondence\ BOT Regular Meeting Schedule Letter 1.25.16.docx

BOAR!J Of TRllSTHS

Thomas J. Spackman, M.0. Chairman

Eugene P. Feinour, Vice Chairman , Allen Jones O Dr. Michael Weiss • Marybeth Cunningham • Ann Marie Mccrystal , John Valdis Zudans, MD.

3730 Seventh Terrace, Suite #204-8, Vero Beach, Florida 32960 (772) 770-0935 Fax (772) 770-1974 1

To:

Date:

Subject:

From:

INFORMATIONAL ITEMS

February 9, 2016

INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS

INTER-OFFICE MEMORANDUM

Members of the Board of County Commissioners

January 28, 2016

2016 ELECTION OF CODE ENFORCEMENT BOARD CHAIRMAN AND VICE CHAIRMAN

Misty L. Pursel Commissioner Assistant, District 1

At the January 25, 2016 Code Enforcement Board meeting, the members voted to elect Mr. David Myers II as Chairman and Stephen Boehning as Vice Chairman of the Code Enforcement Board for the year 2016.

No Board action is required.

1

JEFFREY R. SMITH, CPA, CGFO, CGMA Clerk of Circuit Court & Comptroller Finance Department 180 I 2T,h Street Vero Beach, FL 32960

TO:

FROM:

THRU:

DATE:

SUBJECT:

HONORABLE BOARD OF COUNTY COMMISSIONERS

DIANE BERNARDO, FINANCE DIRECTOR

JEFFREY R. SMITH, COMPTROLLER ~/).

January 28, 2016 {/'"'_,,

APPROVAL OF CHECKS AND ELECTRONIC PAYMENTS January 22, 2016 to January 28, 2016

In compliance with Chapter 136.06, Florida Statutes, all checks and electronic payments issued by the Board of County Commissioners are to be recorded in the Board minutes.

Approval is requested for the attached lists of checks and electronic payments, issued by the Comptroller' s office, for the time period of January 22, 2016 to January 28, 2016. Attachment:

DLB:DB

3

CHECKS \VRITTEN

TRANS NBR DATE VENDOR AMOUNT 335419 01/22/2016 NORTHERN SAFETY CO INC 202.99 335420 01/28/2016 GUARDIAN EQUIPMENT lNC 525.00 335421 01/28/20 I 6 JORDAN MOWER TNC 90.27 335422 01/28/2016 TEN-8 FIRE EQUIPMENT INC 5,442.69 335423 01/28/2016 RANGER CONSTRUCTION IND INC 671.80 335424 01/28/2016 VERO CHEMICAL DISTRIBUTORS INC 944.40 335425 01/28/2016 RICOH USA JNC 1, l 70.00 335426 01/28/2016 RICOH USA INC 208.78 335427 0 li28/2016 VELDE FORD INC 28.41 335428 01/28/2016 AT&T WIRELESS 639.36 335429 0 l/28/2016 DATA FLOW SYSTEMS INC l,05 1.06 335430 0J/28/2016 DELTA SUPPLY CO 155.40 335431 0l/28/2016 E-Z BREW COFFEE & BOTTLE WATER SVC 17.48 335432 01/28/20 16 GRAINGER 665.90 335433 0 I /28/20 l 6 KELLY TRACTOR CO 1,487.7[ 335434 01/28/2016 GENES AUTO GLASS INC 100.00 335435 01/28/2016 REPUBLIC SERVICES INC 490,513.16 335436 01 /28/2016 CHANDLER EQUIPMENT CO INC 64.45 335437 01/28/2016 HACH CO 1,735 .39 335438 0l/2812016 MARKWHILL 1,358.88 335439 01 /28/2016 PHYS IO CONTROL INC 219,337.64 335440 01/28/2016 MASTELLER MOLER & TAYLOR INC 7,432.75 335441 0 I /28/2016 KSM ENGINEERING & TESTING INC 5,707.00 335442 01/28/2016 HD SUPPLY WATERWORKS, LTD 10,841.20 335443 01 /28/20 16 VERO INDUSTRIAL SUPPLY INC 257.8 1 335444 01/28/2016 EXPRESS REEL GRINDING INC 2,500.00 335445 0I /28/2016 TIRESOLES OF BROWARD INC 667 .00 335446 01/28/2016 BFS RETAI.L OPERATIONS LLC 678 .24 335447 01/28/2016 CARTER ASSOCIATES INC 8,044.08 335448 01 /28/2016 CHILDCARE RESOURCES OF JRC INC 18,888.88 335449 01/28/2016 CHILDCARE RESOURCES OF IRC INC 1.050.00 335450 0I/28/2016 PRECISION SMALL ENGINE CO INC 158.92 335451 0 J/28/2016 DELL MARKETING LP 2,438.80 335452 01/28/2016 XEROX CORP SUPPLIES 233.46 335453 0l/28/2016 GOLF SPECIALTIES INC 10,400.00 335454 01/28/2016 GOODYEAR AUTO SERVICE CENTER 1,069.66 335455 0l/28/2016 BAKER & TAYLOR INC 1,717.04 335456 01/28/2016 MIDWEST TAPE LLC 677.31 335457 0l/28/2016 NORTHERN SAFETY CO INC 147.85 335458 01/28/2016 CENTRAL WINDOW OF YERO BEACH TNC 305.00 335459 0l/28/2016 PRECISION CONTRACTING SERVICES INC 3,739.00 335460 01 /28/2016 MICROMARKETING LLC 240.97 335461 0l /28/2016 K & M E LECTRIC SUPPLY 64.42 335462 01 /28/2016 PALM TRUCK CENTERS INC 744.52 335463 0 l /28/2016 SOFTWARE HARDWARE INTEGRATION 647.00 335464 Ol/28/2016 GREENE INVESTMENT PARTNERSHIP LTD 515.48 335465 01/28/2016 GREENE INVESTMENT PARTNERSHIP LTD 3,426 .04 335466 01/28/2016 LINDSEY GAR.DENS LTD 500.00 335467 01/28/2016 PING INC 157.92 335468 01 /28/20 l 6 CLERK OF CIRCUIT COURT 2 , 129 .30 335469 01/28/2016 CLERK OF CIRCUIT COURf 3,222 .63 335470 01/28/2016 lNDfAN RIVER COUNTY HEALTH DEPT 15,955 .72 335471 01/28/2016 INDIAN RIV ER COUNTY HEALTH DEPT 46,770 .58 335472 01/28/2016 MEDICAL EXAMINERS OFFICE 27,016 .58 335473 01/28/2016 VICTIM ASSISTANCE PROGRAM 5,568 .58 335474 0 1/28/20 16 ROGER J NICOSIA I ,500 .00 335475 0I/28/2016 C ITY OF VERO BEAC H 9 ,434 .84 335476 01/28/2016 CITY OF VERO BEACH 2,056.33

4

TRANS NllR DATE VENDOR AMOUNT 33S477 01/28/2016 CITY OF VERO BEACH 11,612.50 335478 0I/28/2016 CHAPTER l3 TRUSTEE 368.38 335479 0 I /28/2016 UNITED WAY OF INDIAN RIVER COUNTY 854.94 335480 0I /28/2016 UNITED PARCEL SERVICE .INC 70.97 335481 0l /28/2016 INDIAN RIVER COUNTY SHERIFF 2,1S970 335482 01/28/2016 NAN MCKAYANDASSOCIATES INC 224.00 335483 0l /28/2016 JANITORIAL DEPOT OF AMERICAJNC 448.76 335484 01 /28/2016 PUBLIX SUPERMARKETS 22.95 335485 01 /28/2016 PUBLIX SUPERMARKETS 74.75 335486 0 l/28/2016 PUBLIX SUPERMARKETS 40.56 335487 01/28/2016 MARRIOTT FT LAUDER.DALE NORTH 249.00 335488 01/28/2016 ACUSHNET COMPANY 2,882.85 335489 01/28/2016 INTERNATIONAL GOLF MAINTENANCE INC 88,148.43 335490 01/28/201.6 CULTURAL COUNCIL OF IRC 600.00 335491 0.l /28/2016 FLORIDA WATER & POLLUTION CONTROL 405.00 335492 0l /28/2016 FLORIDA WATER & POLLUTION CONTROL 405.00 335493 01/28/2016 EXCHANGE CLUB CASTLE 2,293.98 335494 01 /28/2016 GEOSYNTEC CONSULTANTS INC 3,424.53 335495 01 /28/2016 FEDERAL EXPRESS CORP 33.43 335496 01/28/2016 MUNICIPAL CODE CORPORATION 950.00 335497 01 /28/2016 TIMOTHY ROSE CONTRACTlNG INC 42,337.09 335498 01/28/2016 SUBSTANCEAWARENESSCOUNClLOF !RC INC 14,865.53 335499 01/28/2016 SUBSTANCE AWARENESS COUNCIL OF IRC INC 15,479 .82 335500 01 /28/2016 FLORIDA POWER A ND LIGHT 11 2,411.46 335501 0 I /28/2016 FLORIDA POWER AND LIGHT 465.23 335502 0l/28/2016 FLORIDA PUBLIC EMPLOYER LABOR 100.00 335503 01 /28/2016 GAILE FUNN 417.50 335504 0 I /28/20 l 6 SUNSHINE STATE ONE CALL OF FL JNC 1,138.46 335505 0] /28/2016 CATHOLIC CHARITIES DIOCESE OF PALM BCH 3,437.90 335506 01/28/2016 GOVERNMENT FINANCE OFFICERS ASSOC 150.00 335507 Ol /28/2016 JOSEPHA BAIRD 906.02 335508 0 I /28/2016 CHRISTOPHER R MORA 106.74 335509 01/28/2016 IRC HEALTHY START COALITION lNC 500.00 335510 0 1/28/2016 me HEALTHY START COALITION INC 2,500.00 3355 l l 01/28/2016 JERRY MILLER 11 .00 335512 01/28/20 16 RENAISSANCE ORLANDO RESORT 369.00 335513 01/28/2016 GOVERNORS HURRICAN E CONFERENCE 285 .00 3355 14 01/28/2016 CHILDRENS HOME SOCIETY OF FL 2,250.00 335515 01/28/2016 KEEP INDIAN RIVER BEAUTIFUL INC 5,2 16.69 335516 01/28/2016 VORTECH PHARMACEUTICA LS LTD 262.73 3355 17 01/28/20 16 ELXSJ INC 10,505.08 335518 01 /28/2016 INTERNA UONAL CODE COUNCIL INC 130.45 335519 0l/28/2016 HAYTI--1,HAYTH & LANDAU 125.00 335520 01/28/2016 PERKINS COMPOUNDING PHARMACY 89.24 33552 1 01/28/2016 AMERICAN SOClETY OF COMPOSERS 669.00 335522 0l/28/2016 CELICO PARTNERSHIP 393.96 335523 0 l /28/2016 ORlCK HERRINGTON & SUTCLIFFE LLP 7,500.00 335524 0 l/28/2016 DASIE BRIDGEWATER HOPE CENTER INC 15,085.83 335525 0 L/28/2016 FLORIDA RURAL LEGAL SERVICES INC 4,056 .69 335526 01/28/2016 NATIONAL NOTARY ASSOCIATION 122.00 335527 0 1/28/2016 ADMIN FOR CHILD SUPPORT EN FORCEMENT 243 .24 335528 01/28/2016 ADMIN FOR CHILD SUPPORT ENFO RCEMENT 246 .54 335529 01/28/201 6 ADMlN FOR CHILD SUPPORT ENFORCEMENT 137.56 335530 01/28/2016 GARY L EMBREY 108.00 33553 1 0l /28/2016 CREATIVE FLOORS OF VERO BEACH INC 856.00 335532 01 /28/2016 AR.DAMAN & ASSOCIATES lNC 1,924 .00 335533 0 l /28/2016 SESAC INC 1,230 .00 335534 01/28/20 16 ARJUNA WERAGODA 562 .79 335535 0 1/28/2016 lNDlAN RIVER RDA LP 500.00 335536 0l /28/20 l6 REDLANDS CHRISTIAN MI GRANT ASSOC 2,495.30

5

2

TRANS NBR _pATE VENDOR AMOUNT 335537 01/28/2016 RENAE CHANDLER 60.00 335538 01/28/2016 TREASURE COAST FOOD BANK INC 257.74 335539 01/28/2016 JILL WILLIAMS 4. 65 335540 01/28/2016 K'S COMMERCIAL CLEANING 16,954.08 335541 Ol/28/2016 NICOLACE MARKETING INC 3,216.05 335542 01/28/2016 COURTYARD VILLAS OF VERO LLC 69.00 335543 0l/28/2016 HELPING ANIMALS LIVE-OVERCOME 56.00 335544 0!/28/2016 DE LA HOZ BUILDERS INC 6,413 .00 335545 01/28/20 l 6 WATERTRONlCS TECHNICAL SERVICES 1,650.00 335546 0l/28/2016 WOERNER DEVELOPMENT INC 83.50 335547 01/28/2016 G!-10 HOMES CORPORATION 94.52 l.90 335548 01/28/2016 ATLANTIC COASTAL LAND TITLE CO LLC 450.00 335549 01/28/2016 ECMC 241.92 335550 0 l/28120 I 6 YOUR AQUA INSTRUCTOR LLC 30.00 335551 01/28/2016 ELITE TENT COMPANY 200.00 335552 0! /28/2016 SOUTHEAST INDUSTRIAL SALES CO INC 2,895.00 335553 01 /28/2016 ALAN JAY CHEVROLET CADJLLAC 51,372.00 335554 01/28/2016 GFA INTERNATIONAL lNC 9,045.00 335555 0l/28/2016 MOORE MOTORS 559.34 335556 01 /28/2016 JENKINS TRUCKING INC 1,000.00 335557 01/28/2016 NEWSOM OIL COMPANY 632.25 335558 01 /28/20 J 6 EXCHANGE CLUB OF VERO BEACH 200.00 335559 0 l/28/2016 TIM ZORC 92.88 335560 01/28/2016 AMERICAN MESSAGING SERVICES LLC 7.7 l 335561 01/28/2016 LOWES HOME CENTERS IN C 3,533.21 335562 01/28/2016 LABOR READY SOUTHEAST INC 7.701.34 335563 0.l/28/2016 CARDINAL HEALTH 110 INC 567.28 335564 01 /28/2016 AMG SF LLC 273 .32 335565 01 /28/2016 EMlLYK DIMATTEO 20.00 335566 01/28/20 l 6 BURNETT LIME CO INC 3,200.40 335567 01/28/2016 SEAN MAKI COMMUNICATIONS LLC 325.00 335568 Ol/28/20 16 MICHAEL M SWAIN 2,000.00 335569 01/28/2016 STEWART & STEVENSON FDDA LLC 490.86 335570 01/28/2016 DEBORAH CUEVAS 126.00 335571 0l/28/2016 C HEMTRADE CHEMICALS CORPORTATION 1,849.21 335572 Ol/28/2016 KATE P COTNER 383.39 335573 01/28/2016 FAMILY SUPPORT REGISTRY 9.66 335574 01 /28/2016 FAMILY SUPPORT REGISTRY 146 .79 335575 01/28/2016 KESSLER CONSULTING INC 2,902.50 335576 01 /28/2016 FORTILINE INC 9,582.50 335577 01 /28/2016 BERNARD EGAN & COMPANY 89,552.72 335578 0 l /28/2016 NAPIER & ROLLIN PLLC 925.00 335579 01/28/2016 INTEGRITY LAWNS LLC 1.750.00 335580 01/28/2016 ARROW INTERNATIONAL 1,660.24 335581 01 /28/2016 GIVING KIDZ A CHANCE INC 1,666.00 335582 Ol/28/2016 GIVING KIDZ A CHANCE INC 1,000.00 335583 01/28/2016 ASSOCIATED PAPER & SUPPLY 1,355.00 335584 01/28/20 16 COBRA GOLF INCORPORATED 234.27 335585 01/28/20 16 MICHAEL EDWARD HAMILTON 1,200.00 335586 01/28/2016 REBECCA HALL 300.00 33.5587 01/28/2016 JUL.JANAE YOUNG 7,603 .00 335588 01/28/2016 CORNERSTONE FAMJLY SERVICES OF WEST YlRGINIA 850 .00 335589 01/28/2016 TOP GEAR INC 9,077 .00 335590 01/28/2016 KENDRA COPE 60 .00 335591 Ol/28/2016 GENUINE PARTS COMPANY 277.36 335592 01/2812016 DELTA MANAGEMENT ASSOCIATES INC 449.09 335593 01/28/2016 ENTERPRISE RECOVERY SYSTEMS INC 196 71 335594 01/28/2016 CATHEDRAL CORPORATION 33, 196.52 335595 01/28/2016 MEGAN COX 73. 16 335596 0l/28/2016 UNIFlRST CORPORATION 1,089.83

6 3

TRANS NBR DATE VENDOR AMOUNT 335597 Ol/28/2016 CCNKLLC 6,900.00 335598 01/28/2016 SCHUMACHER AUTOMOTIVE DELRAY LLC 813.71 335599 01 /28/20 I 6 SITEONE LANDSCAPE SUPPLY LLC 394.97 335600 01 /28/2016 ADVANCE STORES COMPANY INCORPORATED 957.26 335601 01 /28/2016 FRANCES SHERWOOD 447.00 335602 0l/28/2016 ROBERT M POTTHAST 461.77 335603 01/28/2016 RUTH ANN SHARPLESS 69.80 335604 01/28/2016 VERO SOCIAL CLUB INC 1,900.00 335605 01/28/2016 MICHAEL CHURCH J 0.67 335606 0l/28/2016 THERESA M DEBIGARE 500.00 335607 01/28/2016 JESJCCA C ANDERLY 300.00 335608 01/28/2016 UTILREFUNDS 109.97 335609 01/28/20 16 UTILREFUN DS 50.00 335610 OJ/28/2016 UTIL REFUNDS 42.74 335611 Ol/28/2016 UT!L REFUNDS 7.01 335612 01/28/2016 UHL REFUNDS 46.30 335613 01 /28/2016 UTIL REFUNDS 21.11 335614 Ol/28/2016 lJTIL REFUNDS 34.92 335615 01/28/2016 UTIL REFUNDS 30.14 335616 01/28/2016 UTIL REFUNDS 100.00 335617 01/28/2016 UTIL REFUNDS 22.20 335618 01/28/2016 UHL REFUNDS 43.18 335619 Ol/28/2016 UTTL REFUNDS 41.30 335620 01/28/2016 UTIL REFUNDS 68.38 335621 Ol /28/20 16 UTJL REFUNDS 27 .09 335622 01 /28/2016 UTIL REFUNDS 15.6 1 335623 01 /28/2016 UTIL REFUNDS 45.27 335624 01 /28/2016 UTIL REFUN DS 19.40 335625 0 I /28/20 I 6 UTIL REFUN DS 67.27 335626 01 /28/2016 UTJL REFUNDS 28.80 335627 Ol/28i2016 UTIL REFUNDS 27.09 335628 Ol/28/2016 UTIL REFUNDS 30.66 335629 01 /28/2016 l.JTIL REFUNDS 38.40 335630 01/28/2016 UTIL REFUNDS 38.76 33563 1 01/28/2016 PA UL CARONE 3,757.00 335632 0 l/28/20 I 6 LINDSEY GARDENS LTD 772.00 335633 01/28/2016 PINNACLE GROVE LTD 869.00 335634 01/28/2016 VERO CLUB PARTNERS LTD 1,63 LOO 335635 Ol /28/2016 DAVID SPARKS 388.00 335636 01/28/20] 6 THE PALMS AT VERO BEACH 475 .00 335637 0 l/28/2016 ED SCHLITT LC 560.00 335638 01 /28/2016 JOHN OLIVIERA 698 .00 335639 01/28/2016 ARTHUR PRUETT 409 .00 335640 01/28/2016 JOSEPH LOZADA 1,212 .00 335641 01/28/20 16 MICHAEL JAIIOLKOWSKI 547.00 335642 01/28/2016 LUCY B HENDRICKS 573 .00 335643 01 /28/2016 1-JFB OF FLORIDA LLC 764 .00 335644 01 /28/2016 ANDRE DORAWA 650 .00 335645 01/28/2016 PAULA WHIDDON 553.00 335646 01/28/20] 6 COURTYARD VILLAS OF VERO LLC 560.00 335647 01 /28/2016 JAMES W DAVIS 334.00 335648 01/28/2016 NITA EZELL 459.00 335649 01 /28/2016 LINDSEY GARDENS II LTD 556.00 335650 01/28/2016 MISS INC OF THE TREASURE COAST 2,363.00 33565 1 01 /28/2016 DANIEL CORY MARTIN 2, 116.00 335652 01 /28/2016 CRAIG LOPES 377.00 335653 OJ/28/2016 PAULA ROGERS & ASSOCIATES INC 650.00 335654 01/28/2016 FIVE STAR PROPERTY HOLDING LLC 847.00 335655 01 /28/2016 l\·1ARK BAER 29,657 .00 335656 01/28/2016 FRESH START HOUSING LLC 451.00

7 4

TRANS NBR 335657 335658 335659 335660 335661 335662 335663 335664 335665

Grand Total:

DATE 0l/28/2016 01/28/2016 01 /28/2016 01 /28/2016 01 /28/2016 0l/28/2016 01/28/2016 01/28/2016 OJ /28/20 I 6

VENDOR ROBERT .J GORMAN JUAN CHAVES REID REALTY MELISSA CAMARATA JOHNATHON KNOWLES AUGUSTUS B FORT JR VEROREOLLC HUMA YUN SHAREEF ARAMARK UNIFORM & CAREERAPPARELLLC

AMOUNT 424.00 700.00 506.00 641.00 722.00 581.00 559.00 667.00

9,600.00 1,744,754.42

5

8

TRANS.NBR 1008181 1008182 1008183 1008184 1008185 1008186 1008187 1008188 1008189 1008190 1008191 1008192 1008193 1008194 1008195 1008196 1008197 1008198 1008199 1008200 1008201 1008202 1008203 1008204 1008205 1008206 1008207 1008208 1008209 1008210 100821 l 10082 12 1008213 1008214 100821 5 1008216 ]008217 1008218 1008219 1008220 1008221 1008222 1008223 1008224 1008225 1008226 [008227

Grand Total:

ELECTRONIC PAYMENT - VISA CARD

DATE 01/25/20 [6 Ol/25/2016 01/25/2016 01 /25/2016 01/25/2016 01/25/2016 01/25/2016 01/25/2016 01/25/2016 01/25/2016 0l/25/2016 01/25/2016 01/25/2016 Ol/25/2016 01/25/2016 01/25/2016 01/25/2016 0 I /25/2016 0 I /25/2016 0l/25/2016 01/25/2016 01/25/2016 01/25/2016 0 ]/25/2016 01/ 25/2016 01/25/2016 01/25/2016 01 /25/2016 Ol/25/2016 0 I /2 5/20 I 6 01 /2512016 01/25/2016 01/25/2016 01 /25/2016 01/25/2016 01 /25/20 16 Ol /25/2016 0I /25/2016 01/25/2016 Ol /25/2016 Ol /25/2016 0l/25/2016 01 /25/2016 01/25/2016 01 /25/2016 01 /25/20 t 6 01 /25/20 t 6

VENDOR PRAXAIR DISTRIBUTION SOUTHEAST LLC ROBINSON EQUIPMENT COMPANY INC COPYCOJNC NORTH SOUTH SUPPLY INC UNIVERSAL SIGNS & ACCESSORlES SAFETY PRODUCTS INC COLD AIR DISTRlBUTORS WAREHOUSE INDJAN RIVER BATTERY DEMCO INC DAVIDSON TITLES INC MIKES GARAGE & WRECKER SERVICE INC APPLE INDUSTRlAL SUPPLY CO MEEKS PLUMBING INC ST LUCIE BATTERY & TIRE CO ABCO GARAGE DOOR CO INC ALLIED UNIVERSAL CORP IRRIGATION CONSULTANTS UNLIMITED INC GROVE WELDERS INC SOUTHERN COMPUTER WAREHOUSE WIGINTON CORP FIRST HOSPITAL LABORAfORIES JNC CENGAGE LEARNING CORPORATION DU SOLUTIONS LLC TOTAL TRUCK PARTS INC COMO OIL COMPANY OF FLORIDA PRJDE ENTERPRISES GLOBAL GOLF SALES INC SH RIEVE CHEMICAL CO MIDWEST MOTOR SUPPLY CO RECHTlEN INTERNATIONAL TRUCKS SOUTHERN JANITOR SUPPLY INC CAPITAL OFFfCE PRODUCTS SEA COAST A/C & SHEET METAL INC M ETRO FIRE PROTECTION SERVICES INC CONSOLIDATED ELECTRICAL DISTRIBUTORS INC SPINNAKER VERO INC SIMS CRANE & EQUIPMENT CO BENNETT AUTO SUPPLY INC AUTO PARTN ERS LLC L&L DISTRIBUTORS STAr MED.ICAL DISPOSAL INC SAFETY ZONE SPECIALISTS INC WRlGHT FASTENER COMPANY LLC PACE ANALYTICAL SERVICES INC XYLEM WATER SOLUTION USA INC SCRIPPS NP OPERATING LLC ALLIED DIVERSI FIED OF VERO BEACH LLC

AMOUNT 1,237.39

241.74 565.67 172.84

17,481.25 3,390.43

431.86 1,091.90

66.59 1,568.66

485.00 23 1.06 604.50 162.55 179.75

11,357.66 88.30 7.99

4,007.94 770.00 433.50 575 .77

6,0 I 6 .26 309.44 108.22 574.65

47.1 l 5,699.10

207.00 144.79

4,494.41 582.93 195.00

2,691 .41 234.08 786 .30

3,192.50 666 .58 160.56

1,014 .25 580.00

4,814.40 217.00

8,427.00 480.00

l , 172 .53 45.00

88,012.87

9

TRANS NBR 4084 4085 4086 4087 4088 4089

Grand Total:

ELECTRONIC PAYMENTS - WIRE & ACH

DATE 01 /22/2016 01 /22/2016 0l/25/2016 01 /26/2016 01 /26/2016 01 /26/2016

VENDOR IN DIAN RIVER COUNTY SHERIFF VEROTOWN LLC INDIAN RIVER COUNTY PROPERTY APPRAISER 8/C 8 /S OF FL ADM FEE BIC BIS OF FL ADM FEE 8/C B/S OF FL ADM FEE

AMOUNT 2 ,205.98

27,753.54 216,910.50

5,144.31 5,192. 12 5,191.29

262,397.74

1 0,

JEFFREY R. SMITH, CPA, CGFO, CGMA Clerk of Circuit Court & Comptroller Finance Department 1801 27th Street Vero Beach, FL 32960 Telephone: (772) 226-1945

TO: Board of County Commissioners

FROM: Diane Bernardo, Finance Director @ THRU:

DATE:

Jeffrey R. Smith, Clerk of the Circuit Court and Comptrolle~ •

January 29, 2016 U . SUBJECT: Change in Investment Policy

BACKGROUND

During the Investment Advisory Committee meeting on January 28, 2016, one change was recommended to the Investment Policy.

We are requesting the following be changed to our investment policy:

OLD: l. Page 4, Section VIII - Portfolio Composition, Risk and Diversification

NEW:

"No more than 10% of the portfolio may be placed in certificates of deposit with a Qualified Public Depository (and collateralized in accordance with State requirements) and no more than $6 million of the portfolio may be placed in certificates of deposit with any one financial institution."

1. Page 4, Section VIII - Portfolio Composition. Risk and Diversification "No more than 10% of the portfolio may be placed in certificates of deposit with a Qualified Public Depository (and collateralized in accordance with State requirements). In addition, no more than $6.5 million of the portfolio, including accrued interest, may be placed in certificates of deposit with any one financial institution."

RECOMMENDATION

Staff recommends that the Board of County Commissioners accept the Investment Policy change. Attached is a complete investment policy for reference, with the change in bold lettering.

Indian River

Administrator

Risk Mana ement

u

INDIAN RIVER COUNTY, FLORIDA Board of County Commissioners

INVESTMENT POLICY for SURPLUS FUNDS

Prepared by the Clerk of the Circuit Court and Comptroller

As amended by the Board of County Commissioners

Revised January 28, 2016

12

INDIAN RIVER COUNTY, FLORIDA INVESTMENT POLICY

TABLE OF CONTENTS

I. OVERVIEW AND PURPOSE ............................................................................. 1

II. OBJECTIVES ............................................................................... ...... .................. I

III. DELEGATION OF AUTHORITY AND OVERSIGHT PROCEDURES .......... 2

IV. PRUDENCE .......................................................................................................... 2

V. AUTHORIZED INVESTMENTS ....................... .................... ............................. 3

VI. MATURITY ANDLIQUIDITY ........................................................................... 3

VII. PERFORMANCE MEASURES ............ ............................................................... 4

VIII. PORTFOLIO COMPOSITION, RISK AND DIVERSIFICATION .................... 4

IX. AUTHORIZED INVESTMENT INSTITUTIONS AND DEALERS ................ .4

X. SAFEKEEPING AND CUSTODY .......... ................................................... ......... 5

XI. AGREEMENTS ............................................................ ............................... ......... 5

XII. BID REQUIREMENTS ................................................ ........................................ 5

XIII. INTERNAL CONTROLS ..................................................................................... 6

XIV. REP0RTING ........................................................................................... ... .......... 6

XV. CONTINUING EDUCATION ..................................... .................... ........... .. ....... 6

13

£. OVERVIEW AND PURPOSE

This investment policy applies to all surplus monetary assets of Indian River County except 1.) debt proceeds, 2.) demand deposits covered by banking agreements, and 3.) monetary assets held by other entities on behalf of the County.

Indian River County often has funds available in excess of those required to meet shortterm expenses (surplus funds). It is in the best interest of the citizens of Indian River County that an investment policy be established to provide guidelines for the investment of those surplus funds in such a manner as to preserve the safety and liquidity of those funds and to provide a competitive return on investments consistent with proper safeguards for the handling of government funds. The investment policy must comply with all applicable State laws regarding investment of public monies. The purpose of this document is to provide the Clerk of the Circuit Court, who is responsible for the investment of County surplus funds, a set of procedures and guidelines for investment selection and monitoring of invested funds. Investment objectives, performance measurement, prudence and ethical standards, authorized investments, maturity and liquidity requirements, portfolio composition, risk and diversification, authorized investment institutions and dealers, third party custodial agreements, master repurchase agreements, bid requirements, internal controls, reporting and continuing education will be established by this investment policy and serve as the framework for all investment activities.

II. OBJECTIVES

The primary objectives of investment activities carried out by the Clerk shall be the following in order of importance:

1. To preserve capital in the overall portfolio and to maintain the safety of principal;

2. To remain sufficiently liquid to meet disbursement requirements that might be reasonably anticipated; and

3. To manage the investment portfolio to provide a competitive return consistent with objectives in Items 1 and 2 and other risk limitations described in this policy.

The highest priority of all investment activities shall be the safety of principal and liquidity of funds. The optimization of investment returns shall be secondary to the requirements for safety and liquidity.

1 14

III. DELEGATION OF AUTHORITY Al\TD OVERSIGHT PROCEDURES

1. The responsibility for conducting investment transactions rests with the Clerk of the Circuit Court. The Clerk may delegate the responsibility for day-to-day investment decisions to deputy clerks. The Finance Director will provide investment information to the Clerk concerning investment decisions made by deputy clerks managing the investments.

2. An Investment Advisory Committee consisting of the Clerk of the Circuit Court, the Finance Director, the County Administrator or his designee and at least two citizens selected by the Clerk shall meet regularly (at least quarterly) to evaluate investment performance of the County's investment portfolio, to evaluate current and future liquidity needs and investment strategy, and to prepare reports for the Board of County Commissioners. The Committee will recommend appropriate investment policies and procedures for all investment activities carried out by the Clerk. The Committee will perform an annual review of those investment policies and procedures.

3. The Clerk may use professional money management to assist in the investment of County surplus funds consistent with this policy. If such management is employed they shall act in a co-fiduciary relationship with the Clerk to insure that ample liquidity is maintained to meet County cash flow requirements. Money managers are required to provide investment strategy reviews to the Investment Advisory Committee quarterly or more frequently if requested. Money managers shall provide portfolio valuations monthly or more frequently if requested. An outside consultant may be utilized to evaluate investment performance of outside money managers. Performance figures will be calculated net of all fees and commissions. The consultant will provide comparative performance analysis on money managers to the Investment Advisory Committee quarterly. Money managers' performance, calculated in accordance with the Chartered Financial Analysts (CFA) Institute's performance presentation standards, will be compared to standard benchmarks.

1V. PRUDENCE

The standard of prudence to be applied by the Clerk shall be the "Prudent Person Rule" which states, "Investments should be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived from the investment." The Prudent Person Rule shall be applied in the context of managing the overall portfolio.

The Clerk, in accordance with Section 218.415 of the Florida Statutes and County procedures, will exercise due diligence. The Clerk will follow these policies and procedures. He will work with the Finance Director who will report to him any individual security' s credit risk or market price change and recommend appropriate action be taken to control adverse developments.

2 15

V. AUTHORIZEDINVESTMENTS

Authorized investments shall be subject to restnct1ons as may be imposed by law (Section 218.415 of Florida Statutes). Funds will only be invested in the following securities:

1. Direct obligations of the United States Treasury;

2. Any intergovernmental investment pool, with the exception of SBA pools, authorized pursuant to the Florida Interlocal Cooperation Act as provided in FS 163.01.

3. Florida Local Government Investment Trust Fund (FLGIT);

4. Interest-bearing time deposits or savings accounts in qualified public depositories as defined in Section 280.02, Florida Statutes;

5. Federal agencies and instrumentalities;

6. Securities of, or other interests in, any open-end or closed-end management-type investment company or investment trust registered under the Investment Company Act of 1940, 15 U.S.C. ss. 80a-1 et seq., as amended from time to time, provided that the portfolio of such investment company or investment trust is limited to obligations of the United States Government or any agency or instrumentality thereof and to repurchase agreements fully collateralized by such United States Government obligations, and provided that such investment company or investment trust takes delivery of such collateral either directly or through an authorized custodian;

7. Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency; or

8. Repurchase agreements with a term of one (1) year of less collateralized by direct obligations of the United States Government which have maturities of three (3) years or less and a market value of 103% or more of the repurchase amount;

9. Derivatives (defined as a financial instrument the value of which depends on, or is derived from, the value of one or more underlying assets or index or asset values), reverse repurchase agreements, or similar forms of leverage are prohibited;

10. Premiums will not be paid for any investments. All investments will be purchased at par or at a discount.

VI. IdATUiUTY AND LIQUIDITY

County investments shall be managed to maintain liquidity for meeting the County' s need for cash and to limit potential market risks. To the extent possible, an attempt will be made to match investment maturities with known cash needs and anticipated cash flow requirements.

3 16

VIL PERFORMANCE MEASURES

The yield of the one-year Treasury at a constant, fixed maturity is established as the benchmark for investment of County funds. The actual performance of the portfolio may vary depending on changes in interest rates.

VIII. PORTFOLIO COMPOSITION, RISK AND DJVERS1f1CA TION

The following are the guidelines for investments and limits on security issues, issuers and maturities as established by the County. The Investment Advisory Committee shall have the option to further restrict or increase investment percentages from time to time based on market conditions. Purchases of investments based on bond covenant requirements shall not be included in the portfolio composition calculation. With the exception of United States Treasury Obligations, no more than 20% of the entire portfolio shall be invested in any one issuer. No more than 10% of the portfolio may be placed in certificates of deposit with a Qualified Public Depository (and collateralized in accordance with State requirements). In addition, no more than $6.5 million of the portfolio, including accrued interest, may be placed in certificates of deposit with any one financial institution. No more than 10% of the portfolio may be placed in any one money market fund, mutual fund, or intergovernmental investment pool.

All investments must have stated maturities of ten (10) years or less and no more than 25% of the portfolio shall be invested in instruments with stated final maturities greater than five (5) years. The portfolio shall have securities with varying maturities and at least 10% of the portfolio shall be invested in readily available funds.

IX. AUTHORIZED INVESTMENT INSTITUTIONS AND DEALEPS

Purchases and sales of authorized investments will only be made through financial institutions that are qualified as public depositories by the Chief Financial Officer of the State of Florida or are "primary dealers" as designated by the Federal Reserve Bank of New York or are broker/dealers that qualify under Securities and Exchange Commission Rule 15C3 (Uniform Net Capital Rule).

The Investment Advisory Committee must approve all brokers and dealers who desire to transact trades with the County. All brokers and dealers who desire to transact trades with the County must provide the Finance Director with the following:

A. Audited financial statements,

B. Proof of National Association of Security Dealers certification,

C. Proof of state registration, when required, and

D. Certification of having read the County Investment Policy.

Brokers and dealers who have been approved by the Investment Advisory Committee must provide annual audited financial statements to the Finance Director. The Investment Advisory Committee will annually review the list of approved institutions and brokers.

4 17

X. SAFEKEEPING AND CUSTODY

All securities purchased by the Clerk shall be properly designated as an asset of the County and held in safekeeping by a third party custodial bank, chartered by the United States Government or the State of Florida, and no withdrawal of such securities, in whole or in part, shall be made from safekeeping except by the Finance Director or his designee.

The Clerk will execute third party custodial agreements with banks. Such agreements will include details as to the responsibilities of each party, the costs to be borne by each party, notification of security purchases, sales, delivery, repurchase agreements and wire transfers, safekeeping and transaction costs, and procedures in case of unforeseen mishaps.

XI. AGREEMENTS

The Clerk will execute bank and investment agreements. Such agreements will include details as to the responsibilities of each party, costs to be borne by each party, notification of wire transfers, and transaction costs.

XII. BID REQUIREMENTS

After the Finance Director has determined the approximate maturity date based on the cash flow needs and market conditions and has analyzed and selected one or more optimal types of investments, a minimum of three qualified brokers and/or dealers will be contacted and asked to provide bids on the securities in question.

In most situations the competitive bid process shall be utilized, except when securities are purchased as an initial offering. The Finance Director will choose the appropriate brokers or dealers from among those on the approved broker/dealer list based on expertise, competitiveness and the ability to execute the transaction and deliver the securities on a timely basis. A minimum of three (3) bids will be obtained.

1. Bids will be held in confidence until the best bid is determined and awarded,

2. Documentation will be retained for all bids, with the winning bid clearly identified,

3. If for any reason the highest bid (on sales of investments) or the lowest bid (on purchases of investments) is not selected, then the reasons leading to that decision will be clearly documented,

4. If the maturing investment is a certificate of deposit, the present holder of the funds will be one of the contacts made, subject to the portfolio diversification requirements in this policy and the institutions' ability to maintain collateral.

5

18

XIII. INTERNAL CONTROLS

The Clerk shall adopt a written set of internal controls and operational procedures to be implemented by the Finance Director, which said controls are designed to protect the County's funds and ensure proper accounting and reporting of securities transactions. Such internal controls shall consist, at a minimum, of the following:

1. All securities purchased or sold will be transferred only under the "delivery versus payment" (DVP) method to ensure that funds or securities are not released until all criteria relating to the specific transaction are met;

2. The Clerk is authorized to accept, on behalf of and in the name of Indian River County, bank trust receipts or confirmations as evidence of actual delivery of the obligations or securities in return for investment of funds; and

3. Trust receipts or confirmations shall fully describe the various obligations or securities held. The receipt or confirmation shall state that the investment is held in the name oflndian River County.

4. The written system of internal controls and operational procedures shall be approved by the Investment Advisory Committee and shall be subject to review by the external auditors as part of the annual financial audit.

XIV. REPORTING

Quarterly reports will be prepared disclosing current investments, the book value of all investments, earnings for the quarter, market values for all investments, purchases, sales, and maturities of investments and such other information as may be requested. Quarterly and annual reports concerning the investment activities, investment portfolio and performance will be submitted to the Investment Advisory Committee and placed on the consent agenda of the Board of County Commissioners.

XV. CONTINUING EDUCATION

Given the often complex and diverse nature of investments, and the importance of balancing the safety and liquidity of investments against the desire to maximize interest earnings, deputy clerks responsible for making investment decisions must annually complete sufficient continuing education as required by State law in subjects or courses of study related to investment practices and products.

6

19


TO: Board of County Commissioners

FROM: Diane Bernardo, Finance Director @ THRU:

DATE:

Jeffrey R. Smith, Clerk of the Circuit Court and Comptroller ~

January 29, 2016

SUBJECT: Quarterly Investment Report for Quarter Ending 12/31/2015

BACKGROUND

Attached to this memorandum is the composition of the investment portfolio and investment earnings for the first quarter of this fiscal year. This report was reviewed by our investment advisory committee on January 28, 2016.

RECOMMENDATION

Staff recommends that the Board of County Commissioners accept the attached Quarterly Investment Report.

Indian River Count

Administrator

Risk Mana ement

.20

JEFFREY R. SMITH, CPA, CGFO, CGMA Clerk of Circuit Court & Comptroller Finance Department 180 l 27th Street Vero Beach, FL 32960 Telephone: (772) 226-1945

Indian River County Investment Advisory Committee Quarterly Investment Report

October 1, 2015 through December 31, 2015

I INVESTMENT POLICY In accordance with Section 218.415, Florida Statutes, the Board of County Commissioners adopted an Investment Policy to govern the investment of county funds by the Clerk of the Circuit Court. The Policy states the primary objectives of investment activities are to preserve capital and to provide sufficient liquidity to meet the cash flow needs of the county. Investment returns are secondary to the requirements for safety and liquidity.

I INVESTMENT ADVISORY COMMITTEE An Investment Advisory Committee meets quarterly to review the previous quarter' s investment activities, evaluate current and future liquidity needs, recommend investment strategies. The Committee consists of the Clerk of the Circuit Court, Finance Director, Internal Auditor, Budget Director, and three qualified citizens with investment or financial management expertise. The individuals who have agreed to serve are: David W. Griffis, Senior Vice President with Northern Trust Bank of Florida; Ted Libby, Senior Portfolio Manager with Cypress Capital Group; Andy Beindorf, Market President of National Bank of Commerce.

I AUTHORIZED INVESTMENTS As permitted by the Investment Policy, funds were invested only in the following types of investments: Federal Farm Credit Banks bonds and discount notes (FFCB), Federal Home Loan Banks bonds and discount notes (FHLB), Federal Home Loan Mortgage Corporation bonds and discount notes (FHLMC), Federal National Mortgage Association bonds and discount notes (FNMA), Treasury Notes and Bills, Florida Local Government Investment Trust (FLGIT), Other intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act

as provided in F.S. 163.01, Certificates of Deposit (CDs), Money Market Funds, Repurchase Agreements.

I BOND PROCEEDS INVESTMENT The current bond reserve is placed with Bank of New York/Mellon and is currently invested in treasury notes.

.21

INVESTMENT ACTIVITY

As of December 31, 2015 the investments portfolio book value was $343,721,917 with a market value of $343,482,368.

Of the $343,721,917, portfolio total, $286,606,317 is restricted for the following purposes: $ 73,666,194 Special revenue projects $ 6.461,945 Debt payments for county bonds $ 62,055,463 Capital projects $ 141,247,834 Business-type activities $ 3,174,881 Escrow Funds $ 286,606,317 TOT AL

RESTRICTED CASH BY FUND TYPE (PERCENTAGES)

Business

Type 49%

Special Revenue

Capital Projects

22%

\_Debt

Service 2%

The weighted average maturity of the investments as of December 31, 2015 is 12 months. Yields on the individual investments ranged from 0.17% to 1.20%. The overall average yield for the quarter was 0.42%.

Information on investment activity, total cash flows, interest earnings, and charts providing additional information regarding the investment of surplus funds such as the portfolio composition and maturity distribution are attached.

The attached schedules list the portfolio composition and activity for the quarter ending December 31, 2015:

Schedule 1 Schedule 2 Schedule 3 Schedule 4 Schedule 5 Schedule 6 Schedule 7 Schedule 8

Portfolio sorted by type of debt instrument Portfolio sorted by maturity date Portfolio by maturity date bar graph Portfolio by type pie chart Investment purchases, calls and maturities for the quarter Summary of cash flows and balances by month Interest earnings summary Allocation of investments by fund types (unrestricted and restricted balances)

.21

Schedule 1 Indian River County, Florida

Board of County Commissioners Investments By Type December 31, 2015

12/31/15 Coupon/ Purchase Maturity Years To Yield To Original Portfolio

Investment Tyee CUSIP Yield Date Date MaturiJ:r: Maturi~ Par Amount Book Value % FFCB Bullet 3133EDEC2 0.550% 01/28/14 04/28/16 0.33 0.550% $ 2,000,000.00 $ 2,000,000.00

FFCB Bullet 3133EDMN9 0.375% 06/02/14 06/02/16 0.42 0.375% $ 2,000,000.00 $ 2,000,000.00

FFCB Callable 3133EDGH9 0.430% 03/06/14 06/06/16 0.43 0.430% $ 2,000,000.00 $ 2,000,000.00 FFCB Bullet 3133EEND8 0.420% 03/27/15 09/06/16 0.68 0.046% $ 2,000,000.00 $ 1,998,857.86

FFCB Callable 3133EEAEO 0.680% 10/30/14 01/30/17 1.08 0.680% $ 2,000,000.00 $ 2,000,000.00 FFCB Callable 3133EE3W8 0.620% 07/20/15 04/20/17 1.30 0.620% $ 2,000,000.00 $ 2,000,000.00

FFCB Callable 3133EE4J6 0.780% 07/21/15 07/21/17 1.56 0.780% $ 2,000,000.00 $ 2,000,000.00 FFCB Callable 3133EFKM8 0.710% 10/20/15 10/20/17 1.81 0.710% $ 2,000,000.00 $ 2,000,000.00

$ 16,000,000.00 $ 15,998,857.86 4 .72%

FHLB Oise 313384SV22 0.280% 02/19/15 02/08/16 0.11 0.280% $ 2,000,000.00 $ 1,994,493.33

FHLB- lX Call 3130A1EN4 0.500% 04/15/14 07/15/16 0.54 0.500% $ 2,000,000.00 $ 2,000,000.00 FHLB Callable 3130A4GT3 0.800% 03/17/15 03/17/17 1 .21 0.800% $ 2,000,000.00 $ 2,000,000.00

FHLB- lX Call 3130A5CX5 0.740% 05/26/15 05/26/17 1.40 0.740% $ 1,500,000.00 $ 1,500,000.00 FHLB- lX Call 3130A5M30 0.910% 07/06/15 07/06/17 1.52 0.910% s 2,000,000.00 s 2,000,000.00

FHLB- lX Call 3130A5XKO 0.800% 07/28/15 07/28/17 1.58 0.800% $ 2,000,000.00 $ 2,000,000.00 FHLB - lXCall 3130A4K92 1.050% 03/30/15 09/30/17 1.75 1.050% $ 3,000,000.00 $ 3,000,000.00

$ 14,500,000.00 $ 14,494,493.33 4.26%

FHLMC Disc 313396TK9 0.250% 03/04/15 02/22/16 0.15 0.250% $ 2,000,000.00 $ 1,995,069.44

FHLMC Disc 313396UQ4 0.200% 04/17/15 03/22/16 0.22 0.200% $ 2,000,000.00 s 1,996,222.22 FHLMC Disc 313396VF7 0.240% 04/28/15 04/06/16 0.27 0.240% $ 2,000,000.00 $ 1,995,413.33

FHLMC Disc 313396W2 0.250% 04/28/15 04/20/16 0.30 0.251% $ 2,000,000.00 $ 1,995,027.78 FHLMC Disc 313396WE9 0.235% 05/28/15 04/29/16 0.33 0.235% $ 2,000,000.00 $ 1,995,469.72

FHLMC Disc 313396WQ2 0.270% 05/28/15 05/09/16 0.36 0.270% $ 2,000,000.00 $ 1,994,645.00

FHLMC Disc 313396XE8 0.260% 05/28/15 05/23/16 0.39 0.261% $ 2,000,000.00 $ 1,994,785.56 FHLMC Disc 313396YE70 0.280% 06/29/15 06/16/16 0.46 0.281% $ 2,000,000.00 $ 1,994, 508.89

FHLMC - lX Call 3134G4YR3 0.550% 04/08/14 07/08/16 0.52 0.550% $ 2,000,000.00 s 2,000,000.00 FHLMC Disc 313396ZS5 0.280% 09/24/15 07/22/16 0.56 0.285% $ 2,000,000.00 $ 1,995,302.22

FHLMC Disc 313396B36 0.300% 09/24/15 08/08/16 0.61 0.306% $ 2,000,000.00 s 1,994, 683.33 FHLMC Oise 313396B36 0.285% 09/28/15 08/15/16 0.62 0.286% s 2,000,000.00 $ 1,994,901.67

FHLMC Disc 313396D59 0.300% 09/29/15 08/26/16 0.65 0.301% $ 2,000,000.00 $ 1,994,466.67 FHLMC Disc 313396L92 0.400% 11/05/15 10/25/16 0.82 0.408% $ 2,000,000.00 s 1,992,111.11

FHLMC Disc 313396N66 0.645% 12/15/ 15 11/07/16 0.85 0.657% s 3,000,000.00 $ 2,982,370.00

FHLMC Callable 3134G6WW9 0.800% 05/12/15 05/12/17 1.36 0.800% $ 2,000,000.00 $ 2,000,000.00

FHLMC Callable 3134G7MH1 0.850% 08/ 17/ 15 08/17/17 1 .63 0.850% s 2,000,000.00 s 2,000,000.00

FHLMC - lX Call 3134G62Q5 0.850% 05/29/15 08/25/17 1.65 0.850% $ 2,000,000.00 $ 2,000,000.00 FHLMC - lX Call 3134G7WZ0 0.900% 09/15/15 09/15/17 1.71 0.900% $ 2,000,000.00 $ 2,000,000.00

FHLMC - lX Call 3134G84K2 1.000% 11/30/15 02/26/18 2.16 1.000% $ 2,000,000.00 s 2,000,000.00 FHLMC • lX Call 3134G84LO 1.050% 11/25/15 05/25/18 2.40 1.050% $ 2,000,000.00 $ 2,000,000.00

FHLMC - lX Call 3134G8AB5 1.200% 12/29/15 06/29/18 2.50 1.200% $ 2,000,000.00 $ 2,000,000.00

$ 45,000,000.00 s 44,914,976.94 13.26%

FNMA Disc 313588RJ64 0.210% 02/ 19/15 01/04/16 0.01 0.210% $ 2,000,000.00 $ 1,996,278.33

FNMA Disc 313588RZ07 0.170% 02/05/15 01/19/16 0.05 0.170% $ 2,000,000.00 $ 1,996,713.33

FNMA Disc 313588WH4 0.250% 05/28/15 05/02/16 0.34 0.255% $ 2,000,000.00 $ 1,995,277.78

FNMA Disc 313588YU3 0.280% 11/20/ 15 06/30/16 0.50 0.280% $ 3,000,000.00 $ 2,994,796.67 FNMA Disc 313588F67 0.290% 10/13/15 09/22/16 0.73 0.295% s 2,000,000.00 $ 1,994,602.78

FNMA Disc 313588G58 0.300% 11/02/15 09/19/16 0.72 0.301% $ 2,000,000.00 $ 1,994,633.34 FNMA Disc 313588J48 0.385% 11/17/15 10/04/16 0.76 0.386% $ 2,000,000.00 $ 1,993,112.78

FNMA Disc 313588K38 0.330% 10/27/15 10/11/16 0.78 0.331% $ 2,000,000.00 $ 1,993,583.40

FNMA Disc 313588L29 0.330% 11/02/15 10/18/16 0.80 0.331% $ 2,000,000.00 $ 1,993,565.00

$ 19,000,000.00 $ 18,952,563.41 5.60%

Treasury Note 912828UG3 0.375% 12/20/13 01/15/16 0.04 0.377% $ 3,000,000.00 $ 2,999,882.81

Treasury Note 912828B41 0.375% 01/31/14 01/31/16 0.08 0.375% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 912828UM0 0.375% 12/30/13 02/15/16 0.13 0.393% $ 3,000,000.00 $ 2,998,828.13

Treasury Note 912828882 0.250% 12/15/14 02/29/16 0.16 0.300% $ 3,000,000.00 $ 2,998,125.00 Tre asury Note 912828B82 0.250% 12/05/14 02/29/16 0.16 0.263% $ 3,000,000.00 $ 2,999,531.25

Treasury Note 912828B82 0.250% 02/28/14 02/29/16 0.16 0.320% $ 3,000,000.00 $ 2,995,816.74 Treasury Note 912828US7 0.375% 12/30/13 03/15/16 0.21 0.428% $ 3,000,000.00 $ 2,996,484.38

Treasury Bill 912796GD52 0.220% 06/12/15 03/31/16 0.25 0.224% $ 2,000,000.00 $ 1,996,418.89 Treasury Note 912828C40 0.375% 03/31/14 03/31/16 0.25 0.450% $ 3,000,000.00 s 2,995,525.20

Treasury Not e 912828UW8 0.250% 12/10/14 04/15/16 0.29 0.337% $ 2,000,000.00 $ 1,997,656.25 Treasury Note 912828UW8 0.250% 02/28/14 04/15/16 0.29 0.372% $ 3,000,000.00 s 2,992,148.44

Treasury Note 912828VC1 0.250% 02/28/14 05/15/16 0.37 0.397% $ 3,000,000.00 $ 2,990,156.25

lof 2 23


Board of County Commissioners Investments By Type December 31, 2015

12/31/15 Coupon/ Purchase Maturity Years To Yield To Original Portfolio

Investment T:r:12e CUSIP Yield Date Date Maturi!t Maturi~ Par Amount Book Value % Treasury Note 912828WM87 0.375% 03/13/15 05/31/16 0.42 0.387% $ 2,000,000.00 $ 1,999,687.50 Treasury Note 912828WM87 0.375% 05/31/14 05/31/16 0.42 0.375% $ 3,000,000.00 $ 2,999,999.89 Treasury Bill 912796GS2 2.450% 06/29/15 06/23/16 0.48 0.250% $ 2,000,000.00 $ 1,995,093.66 Treasury Note 912828WQ9 0.500% 06/30/14 06/30/16 0.50 0.500% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 912828WX43 0.500% 07/31/14 07/31/16 0.58 0.523% $ 3,000,000.00 $ 2,998,628.97 Treasury Note 912828064 0.500% 12/05/14 08/31/16 0.67 0.500% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 912828D64 0.500% 09/02/14 08/31/16 0.67 0.510% $ 3,000,000.00 $ 2,999,405.23 Treasury Note 912828F47 0.500% 12/05/14 09/30/16 0.75 0.528% $ 3,000,000.00 $ 1,998,980.00 Treasury Note 912828F47 0.500% 09/30/14 09/30/16 0.75 0.565% $ 2,000,000.00 $ 2,996,127.39 Treasury Note 912828F88 0.375% 12/05/14 10/31/16 0.84 0.430% $ 3,000,000.00 $ 2,997,030.00 Treasury Note 912828F88 0.375% 12/05/14 10/31/16 0.84 0.574% $ 2,000,000.00 $ 1,992,500.00 Treasury Note 912828WF3 0.625% 12/15/15 11/15/16 0.88 0.719% $ 3,000,000.00 $ 2,997,421.88 Treasury Note 912828B74 0.625% 12/04/14 02/15/17 1.13 0.650% $ 3,000,000.00 $ 2,997,656.25 Treasury Note 912828)35 0.500% 11/05/15 02/28/17 1.16 0.619% $ 2,000,000.00 $ 1,996,875.00 Treasury Note 912828)35 0.500% 09/16/15 02/28/17 1.16 0.636% $ 3,000,000.00 $ 2,994,120.00 Treasury Note 912828c32 0.750% 11/30/15 03/15/17 1.21 0.750% $ 2,000,000.00 $ 2,000,000.00 Treasury Note 912828)92 0.500% 11/05/15 03/ 31/ 17 1.25 0.623% $ 3,000,000.00 $ 2,994,843. 75 Treasury Note 912828)92 0.500% 04/30/15 03/31/17 l.25 0.574% $ 2,000,000.00 $ 1,997,187.50 Treasury Note 912828(73 0.875% 12/16/15 04/15/17 1.29 0.883% $ 2,000,000.00 s 1,999,780.00 Treasury Note 912828K66 0.500% 11/30/15 04/30/17 1.33 0.766% $ 2,000,000.00 $ 1,992,500.00 Treasury Note 912828K66 0.500% 04/30/15 04/30/17 1.33 0.594% $ 3,000,000.00 $ 2,994,375.00 Treasury Note 912828SY7 0.625% 11/30/15 05/31/17 1.42 0.793% $ 2,000,000.00 $ 1,995,000.00 Treasury Note 912828SY7 0.625% 09/02/15 05/31/17 1.42 0.657% $ 3,000,000.00 $ 2,998,350.00 Treasury Note 912828WP1 0.875% 12/16/15 06/15/17 1.46 0.916% $ 2,000,000.00 $ 1,998,820.00 Treasury Note 912828XJ4 0.625% 11/30/15 06/30/17 1.50 0.840% $ 2,000,000.00 $ 1,994,062.50 Treasury Note 912828)()4 0.625% 09/02/ 15 06/ 30/17 1.50 0.668% $ 3,000,000.00 $ 2,997,630.00 Treasurf Note 912828TGS 0.050% 01/20/15 07/31/17 1.58 0.678% s 3,000,000.00 $ 2,986,640.63 Treasury Note 912828TM2 0.625% 08/14/15 08/31/17 1.67 0.770% s 2,000,000.00 $ 1,994,160.00 Treasury Note 912828TM2 0.625% 01/20/15 08/31/17 1.67 0.710% $ 3,000,000.00 $ 2,993,437.50 Treasury Note 912828T59 0.625% 09/16/15 09/30/17 1.75 0.819% s 3,000,000.00 s 2,988,281.25 Treasury Note 912828TS9 0.875% 11/30/15 10/15/ 17 1.79 0.894% s 3,000,000.00 $ 2,999,531.25 Treasury Note 912828UR92 0.750% 12/04/15 02/28/18 2.16 1.004% $ 3,000,000.00 $ 2,983,140.00 Treasury Note 912828)68 1.000% 12/04/15 03/15/18 2.21 1.056% $ 3,000,000.00 $ 2,996,250.00 Treasury Note 912828UU2 0.750% 12/04/15 03/31/18 2.25 1.051% $ 3,000,000.00 $ 2,979,390.00 Treasury Note 912828K25 0.750% 12/07/15 04/15/18 2.29 1.071% s 3,000,000.00 s 2,977,710.00 Treasury Note 912828TS9 1.000% 11/30/15 05/15/18 2.37 1.091% $ 3,000,000.00 $ 2,993,430.00

$ 129,000,000.00 $ 128,778,618.49 38.03%

Regions Bank Money Market $31,158,532.97 9.20% TD Bank Money Market $25,094,405.60 7.41% Bank United Money Market $31,195,6 81.21 9.21% Harbor Community Bank CD $3,049,216 .30 0.90% Oculina Bank CD $1,005,639.60 0.30% TD Bank CD $6,034,951 .19 1.78% National Bank of Commerce CD $6,023,079 .45 1.78% Total General Cash & Equivalents $326,701,016.35

Restricted Cash - Landfill FACC--Florida Local Govt Investment Trust-Landfill Closure & Postclosure Reserves - a djuste d for fair mkt value $11,951,236.04 3.53% Total Pooled Cash & Equivalents $338,652,252.39 100.00%

Restricted Cash - Health Insurance Wells Fargo - BCBS Claims Account $885,556.31 Citibank- BCBS lmpres1 Acc1 $84 ,000 .00 Total Restricted Cash - Health Insurance $969,556.31

Restricted Cash-Bond Covenants {held by BNY/Mellon) Fidelity Institutional Treasury Money Market-Utilities Debt S e rvice Reserve $11 ,250 .07 Treasury Note 912828WQ9 0.500% 06/30/14 06/30/16 0.50 0.500% $1 ,470,000.00 $1,469,661.90 Treasury Note 912828G46 0 .500% 12/01/14 11/30/16 0.92 0.530% $1,030,000.00 $1,027,260.20 Treasury Note 91 2828XJ4 0.625% 06/30/15 06/30/17 1.50 0.688% $1,600,000.00 $1,591 ,936.00 Total Restricted Cash - adjusted for fair market value $4,100,108.17

Total Portfolio $343,721,916.87

Note: See separate investment report for OPEB funds.

.24 2 of 2


Board of County Commissioners Investment By Maturity Date

December 31, 2015

12/31/15 Coupon/ Purchase Maturity Years To Yield To Original

Investment Type CUSJP Yield Date Date Maturity Maturity Par Amount Book Value Mo Cash Flow FNMA Disc 313588RJ64 0.210% 02/19/15 01/04/16 0.01 0.210% $ 2,000,000.00 $ 1,996,278.33 Treasury Note 912828UG3 0.375% 12/20/13 01/15/16 0.04 0.377% $ 3,000,000.00 $ 2,999,882.81 FNMA Disc 313588RZ07 0.170% 02/05/15 01/19/16 0.05 0.170% s 2,000,000.00 $ 1,996,713.33 Treasury Note 912828B41 0.375% 01/31/14 01/31/16 0.08 0.375% $ 3,000,000.00 $ 3,000,000.00 s 10,000,000.00 FHLB Oise 313384SV22 0.280% 02/19/15 02/08/16 0.11 0.281% $ 2,000,000.00 s 1,994,493.33 Treasury Note 912828UM0 0.375% 12/30/13 02/15/16 0.13 0.393% $ 3,000,000.00 $ 2,998,828.13 FHLMCDisc 313396TK9 0.250% 03/04/15 02/22/ 16 0.15 0.250% $ 2,000,000.00 $ 1,995,069.44 Treasury Note 912828B82 0.250% 12/15/14 02/29/16 0.16 0.300% $ 3,000,000.00 s 2,998,125.00 Treasury Note 912828882 0.250% 12/05/14 02/29/16 0.16 0.263% $ 3,000,000.00 $ 2,999,531.25 Treasury Note 912828882 0.250% 02/28/14 02/29/16 0.16 0.320% $ 3,000,000.00 $ 2,995,816.74 $ 16,000,000.00 Treasury Note 912828US7 0.375% 12/30/13 03/15/16 0.21 0.428% $ 3,000,000.00 $ 2,996,484.38 FHLMC Disc 313396UQ4 0.200% 04/17/15 03/22/16 0.22 0.200% $ 2,000,000.00 $ 1,996,222.22 Treasury Bill 912796GD52 0.220% 06/12/15 03/31/16 0.25 0.224% $ 2,000,000.00 $ 1,996,418.89 Treasury Note 912828C40 0.375% 03/31/14 03/31/16 0.25 0.450% $ 3,000,000.00 $ 2,995,525.20 $ 10,000,000.00 FHLMC Disc 313396VF7 0.240% 04/28/15 04/06/16 0.27 0.240% $ 2,000,000.00 $ 1,995,413.33 Treasury Note 912828UW8 0.250% 02/28/14 04/15/16 0.29 0.372% $ 3,000,000.00 $ 2,992,148.44 Treasury Note 912828UW8 0.250% 12/10/14 04/15/16 0.29 0.337% $ '2,000,000.00 $ 1,997,656.25 FHLMC Disc 313396W2 0.250% 04/28/15 04/20/ 16 0.30 0.251% $ 2,000,000.00 $ 1,995,027.78 FFCB Bullet 3133EDEC2 0.550% 01/28/14 04/28/16 0.33 0.550% $ 2,000,000.00 $ 2,000,000.00 FHLMC Disc 313396WE9 0.235% 05/18/15 04/29/16 0.33 0.230% $ 2,000,000.00 $ 1,995,469.72 $ 13,000,000.00 FNMA Oise 313588WH4 0.250% 05/28/15 05/02/16 0.34 0.255% $ 2,000,000.00 $ 1,995,277.78 FHLMC Disc 313396WQ2 0.270% 05/18/15 05/09/16 0.36 0.270% $ 2,000,000.00 $ 1,994,645.00 Treasury Note 912828VC1 0.250% 02/28/14 05/15/16 0.37 0.397% $ 3,000,000.00 $ 2,990,156.25 FHLMC Disc 313396XE8 0.260% 05/28/15 05/23/16 0.39 0.261% $ 2,000,000.00 $ 1,994,785.56 Treasury Note 912828WM87 0.375% 03/ 13/15 05/31/16 0.42 0.387% $ 2,000,000.00 $ 1,999,687.50 Treasury Note 912828WM87 0.375% 05/31/14 05/31/16 0.42 0.375% $ 3,000,000.00 $ 2,999,999.89 14,000,000.00 FFCB Bullet 3133EDMN9 0.375% 06/02/14 06/02/16 0.42 0.375% $ 2,000,000.00 $ 2,000,000.00 FFCB Callable 3133EDGH9 0.430% 03/06/14 06/06/16 0.43 0.430% $ 2,000,000.00 $ 2,000,000.00 FHLMC Disc 313396YE70 0.280% 06/26/15 06/16/16 0.46 0.281% $ 2,000,000.00 $ 1,994,508.89 Treasury Bill 912796GS2 0.245% 06/29/15 06/23/ 16 0.48 0.250% $ 2,000,000.00 $ 1,995,093.66 FNMA Disc 313588YU3 0.280% 11/20/ 15 06/30/16 0.50 0.281% $ 3,000,000.00 $ 2,994,796.67 Treasury Note 912828WQ91 0.500% 06/30/14 06/30/16 a.so 0.500% $ 3,000,000.00 $ 3,000,000.00 $ 14,000,000.00 FHLMC - lX Call 3134G4YR3 0.550% 04/08/14 07/08/16 0.52 0.550% $ 2,000,000.00 $ 2,000,000.00 FHLB- lX Call 3130AlEN4 0.500% 04/15/ 14 07/15/16 0.54 0.500% $ 2,000,000.00 $ 2,000,000.00 FHLMC Disc 313396ZS5 0.280% 09/24/15 07/22/16 0.56 0.285% $ 2,000,000.00 $ 1,995,302.22 Treasury Note 912828WX43 0.500% 07/31/14 07/31/16 0.58 0.523% $ 3,000,000.00 $ 2,998,628.97 $ 9,000,000.00 FHLMC Disc 313396B36 0.300% 09/24/15 08/08/16 0.61 0.306% s 2,000,000.00 $ 1,994,683.33 FHLMC Disc 313396(27 0.285% 09/28/15 08/15/16 0.62 0.286% $ 2,000,000.00 $ 1,994,901.67 FHLMC Disc 313396059 0.300% 09/29/15 08/26/16 0.65 0.301% s 2,000,000.00 $ 1,994,466.67 Treasury Note 912828064 0.500% 12/05/14 08/31/16 0.67 0.500% $ 3,000,000.00 $ 3,000,000.00 Treasury Note 912828D64 0.500% 09/02/14 08/31/16 0.67 0.510% $ 3,000,000.00 $ 2,999,405.23 $ 12,000,000.00 FFCB Bullet 3133EEND8 0.420% 03/27/15 09/06/16 0.68 0.460% $ 2,000,000.00 $ 1,998,857.86 FNMA Disc 313588F67 0.290% 10/13/15 09/12/16 0.70 0.295% $ 2,000,000.00 $ 1,994,602.78 FNMA Disc 313588G58 0.300% 11/02/ 15 09/19/16 0.72 0.301% $ 2,000,000.00 s 1,994,633.34 Treasury Note 912828F47 0.500% 12/05/14 09/30/16 0.75 0.528% $ 2,000,000.00 $ 1,998,980.00 Treasury Note 912828F47 0.500% 09/30/14 09/30/16 0.75 0.565% $ 3,000,000.00 $ 2,996,127.39 11,000,000.00 FNMA Disc 313588)48 0.385% 11/17/15 10/04/16 0.76 0.386% $ 2,000,000.00 $ 1,993,112.78 FNMA Disc 313588K38 0.330% 10/ 27/15 10/11/16 0.78 0.331% $ 2,000,000.00 $ 1,993,583.40 FNMA Disc 313588l29 0.330% 11/02/01 10/18/ 16 0.80 0.331% $ 2,000,000.00 $ 1,993,565.00 FNMA Oise 313396l92 0.400% 11/05/15 10/25/16 0.82 Q.408% $ 2,000,000.00 $ 1,992,111.11 Treasury Note 912828F88 0.375% 01/15/15 10/31/16 0.84 0.431% $ 3,000,000.00 $ 2,997,030.00 Treasury Note 912828F88 0.375% 12/08/14 10/31/16 0.84 0.574% $ 2,000,000.00 $ 1,992,500.00 $ 13,000,000.00 FHLMC Disc 313396N66 0.645% 12/15/15 11/07/16 0.85 0.657% $ 3,000,000.00 $ 2,982,370.00 Treasury Note 912828WF3 0.625% 12/15/ 15 11/ 15/16 0.88 0.719% s 3,000,000.00 $ 2,997,421.88 $ 6,000,000.00 FFCB Callable 3133EEAE0 0.680% 10/30/14 01/30/17 1.08 0.680% $ 2,000,000.00 $ 2,000,000.00 $ 2,000,000.00 Treasury Note 912828B74 0.625% 12/04/14 02/15/17 1.13 0.650% $ 3,000,000.00 $ 2,997,656.25 Treasury Note 912828)35 0.500% 11/05/15 02/28/17 1.16 0.619% $ 2,000,000.00 $ 1,996,875.00 Treasury Note 912828J35 0.500% 09/16/15 02/28/17 1.16 0.636% $ 3,000,000.00 s 2, 994,120.00 $ 8,000,000.00 Treasury Note 912828C32 0.750% 11/30/15 03/15/17 1.21 0.750% $ 2,000,000.00 $ 2,000,000.00 FHLB Callable 3130A4GT3 0.800% 03/17/15 03/17/17 1.21 0.800% $ 2,000,000.00 $ 2,000,000.00 Treasury Note 912828)92 0.500% 11/05/15 03/31/17 1.25 0.623% $ 3,000,000.00 $ 2,994,843.75 Treasury Note 912828)92 0.500% 04/30/15 03/31/17 1.25 0.574% $ 2,000,000.00 $ 1,997,187.50 $ 9,000,000.00 Treasury Note 912828C73 0.875% 12/16/15 04/15/17 1.29 0.883% $ 2,000,000.00 $ 1,999,780.00 FFCB Callable 3133EE3W8 0.620% 07/20/15 04/20/17 1.30 0.620% $ 2,000,000.00 $ 2,000,000.00 Treasury Note 912828K66 0.500% 11/30/15 04/30/17 1.33 0.766% $ 2,000,000.00 $ 1,992,500.00 Treasury Note 912828K66 0.500% 04/30/15 04/30/17 1.33 0.594% $ 3,000,000.00 $ 2,994,375.00 $ 9,000,000.00 FHLMC Callable 3134G6WW9 0.800% 05/12/15 05/12/17 1.36 0.800% $ 2,000,000.00 $ 2,000,000.00 FHLB - lX Call 3130A5CX5 0.740% 05/26/15 05/ 26/17 1.40 0.740% $ 1,500,000.00 $ 1,500,000.00 Treasury Note 912828SY7 0.625% 11/30/15 05/31/17 1.42 0.793% $ 2,000,000.00 $ 1,995,000.00 Treasury Note 912828SY7 0.625% 09/02/15 05/31/17 1.42 0.657% $ 3,000,000.00 $ 2,998,350.00 $ 8,500,000.00 Treasury Note 912828WP1 0.875% 12/16/15 06/15/17 1.46 0.916% $ 2,000,000.00 $ 1,998,820.00 .25 Treasury Note 912828)()4 0.625% 11/30/15 06/30/17 1i5Bt 2 0.840% $ 2,000,000.00 $ 1,994,062.50

Investment Type CUSIP

Treasury Note 912828)()4

FHLB - lX Call 3130A5M30

FFCB Callable 3l33EE4J6

FHLB - lX Call 3130A5XKO

Treasury Note 912828TGS

FHLMC Callable 3134G7MH1

FHLMC - lX Call 3134G62QS

Treasury Note 912828TM82

Treasury Note 912828TM82

FHLMC - lX Call 3134G7WZ0

FHLB Callable 3130A4K92 Treasury Note 912828TS9

Treasury Note 912828F54

FFCB - Callable 3133EFKM8

FHLMC - lX Call 3134G84K2

Treasury Note 912828UR92

Treasury Note 912828J68

Treasury Note 912828UU2 Treasury Note 912828K25

Treasury Note 912828XA3 FHLMC - lX Call 3134G84L0

FHLMC- lX Call 3134G8AB5

Sub Total - General Investments

Regions Bank Money Market TD Bank Money Market

Bank United Money Market Harbor Community Bank CD

Oculina Bank CD TD Bank CD

Nationai Bank of Commerce CD Total General Cash & Equivalents

Restricted Cash - Landfill

Coupon/ Purchase

Yield Date

0.625% 09/02/15 0.910% 07/06/15

0.780% 07/21/15

0.800% 07/28/15 0.500% 01/20/15 0.850% 08/17/15 0.850% 05/29/15 0.625% 08/14/15

0.625% 01/20/15 0.900% 09/15/15

1.050% 03/30/15 0.625% 09/16/15

0.875% 11/30/15 0.710% 10/20/15 1.000% 11/30/15

0.750% 12/04/15 1.000% 12/04/15

0.750% 12/04/15 0.750% 12/07/15

1.000% 11/30/15 1.050% 11/25/15

1.200% 12/28/15


Board of County Commissioners Investment By Maturity Date

December 31, 2015

Maturity Years To Yield To

Date Maturity Maturity

06/30/17 1.50 0.668% $ 07/06/17 1.52 0.910% $ 07/21/17 1.56 0.780% $ 07/28/17 1.58 0.800% $ 07/31/17 1.58 0.678% $ 08/17/17 1.63 0.850% $ 08/25/17 1.65 0.850% $ 08/31/17 1.67 0.770% $ 08/31/17 1.67 0.710% $ 09/15/17 1.71 0.900% $ 09/29/17 1.75 1.050% $ 09/30/17 1.75 0.819% $ 10/15/17 1.79 0.894% $ 10/20/17 1.81 0.710% $ 02/26/18 2.16 1.000% $ 02/28/18 2.16 1.004% $ 03/15/18 2.21 1.056% $ 03/31/18 2.25 1.051% $ 04/15/18 2.29 1.071% $ 05/15/18 2.37 1.091% $ 05/25/ 18 2.40 1.050% $

06/29/ 18 2.50 1.200% $ $

FACC--Florida Local Govt Investment Trust-Landfill Closure & Postclosure Reserves - adjusted for fair mkt value

Total Pooled Cash & Equivalents

Restricted Cash • Health Insurance Wells Fargo. BCBS Claims Account

Citibank - BCBS Imprest Acct Total Restricted Cash • Health Insurance

Restricted Cash-Bond Covenants (held by BNY/Mellon) Fidelity Institutional Treasury Money Market-Utilities I 06/30/14 Treasury Note 912828WQ9 0.500% 1 2/01/14

Treasury Note 912828G46 0.500% 06/30/15 Treasury Note 91282BXJ4 0.625% 06/30/15

Total Restricted Cash - adjusted for fair market value

Total Portfolio

Note: See separate investment report for OPEB funds.

06/30/16 11/30/ 16

06/30/17

0.50 0.92

1.50

2 of 2

0.500% 0.530%

0.688%

Original Par Amount

3,000,000.00

2,000,000.00 2,000,000.00

2,000,000.00 3,000,000.00

2,000,000.00 2,000,000.00

2,000,000.00 3,000,000.00

2,000,000.00

3,000,000.00 3,000,000.00

3,000,000.00 2,000,000.00

2,000,000.00 3,000,000.00

3,000,000.00 3,000,000.00

3,000,000.00

3,000,000.00 2,000,000.00

2,000,000.00 223,500,000.00

$1,470,000.00

$1 ,030,000.00

$1 ,600,000.00

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

12/31/15

Book Value

2,997,630.00 2,000,000.00

2,000,000.00

2,000,000.00 2,986,640.63

2,000,000.00 2,000,000.00

1,994,160.00 2,993,437.50

2,000,000.00 3,000,000.00

2,988,281.25

2,999,531.25 2,000,000.00

2,000,000.00 2,983,140.00

2,996,250.00 2,979,390.00

2,977,710.00 2,993,430.00

2,000,000.00

2,000,000.00 223,139,510.03

$31,158,532.97

$25,094,405.60 $31,195,681.21

$3,049,216.30 $1,005,639.60

$6,034,951.19 $6,023,079.45

$ 326,701,016.35

$11 ,951 ,236.04

$338,652,252.39

$885,556.31

$84,000.00

$969,556.31

$11,250.07 $1,469,661.90

$1,027,260.20 $1,591,936.00

$4,100,108_17

$343,721,916.87

Mo Cash Flow

$ 7,000,000.00

$ 9,000,000.00

$ 9,000,000.00

$ 8,000,000.00

$ 5,000,000.00

$ 5,000,000.00

$ 6,000,000.00

$ 3,000,000.00

$ 5,000,000.00

$ 2,000,000.00

$ 223,500,000.00

.26

$300,000,000

$250,000,000 $246,786,810

$200,000,000

$150,000,000

$100,000,000

$50,000,000

$0 0-12 Months

Schedule 3 Indian River County

Portfolio By Maturity Date December 31, 2015

$76,005,187

13-24 Months

Total Portfolio $343,721,917

$20,929,920

25-36 Months

27

Treasury Notes 38.03%


Portfolio By Type December 31, 2015

FLGIT • Laodfill 3.53% (FCB 4.7/FHLB 4.28%

---.._fNMA 5.60%

\Regions$ Mkt 9.20%

BankUnited $ Mkt 9.21%

Harbor Comm CD 0.90%

Oculina Bank CD 0.30% TD Bank$ Mkt & CD 9.19%

.28

PURCHASES· Investment Description Yield to Maturit~ FNMA Disc 0.30% FFCB Callable 0.71% FNMA Disc 0.34% FNMA Disc 0.30% FNMA Disc 0.33% FHLMC Disc 0.40% Treasury Note 0.62% Treasury Note 0.62% FNMA Disc 0.39% FNMA Disc 0.28% FHLMC-1X 1.05% FHLMC-1X 1.00% Treasury Note 0.77% Treasury Note 0.79% Treasury Note 0.81% Treasury Note 0.88% Treasury Note 0.75% Treasury Note 1.09% Treasury Note 1.00% Treasury Note 1.06% Treasury Note 1.05% Treasury Note 1.07% Treasury Note 0.72% FHLMC Disc 0.66% Treasury Note 0.92% Treasury Note 0.88% FHLMC - 1X 1.20%

MATURITIES: Investment Description Yield to Maturi!\ FFCB Bullet 0.38% FHLB Callable 0.52% Treasury Note 0.27% FFCB Callable 0.35% FHLMC Callable 0.80% FHLMC Disc 0.17% FHLMC Callable 1.00% Treasury Note 0.30% Treasury Note 0.27% FFCB Bullet 0.35% FHLB-1X 0.75% FHLB Callable 0.85%

Reconciliation of Bonds Only: Beginning portfolio (09/30/15) Total purchased Total matured

Ending portfolio for quarter (12/31/15)


Investment Purchases and Calls/Maturities Quarter Ending

December 31, 2015

Purchase Date Call Date Maturity Date Par Amount 10/13/15 09/12/16 $2,000,000 10/20/15 10/20/16 10/20/17 $2,000,000 10/27/15 10/11/16 $2,000,000 11/02/15 09/19/16 $2,000,000 11/02/15 10/18/16 $2,000,000 11/05/15 10/25/16 $2,000,000 11/05/15 02/28/17 $2,000,000 11/05/15 03/31/17 $3,000,000 11/17/15 10/04/16 $2,000,000 11/20/15 06/30/16 $3,000,000 11/25/15 05/25/18

' 05/25/18 $2,000,000

11/30/15 02/26/16 02/26/18 $2,000,000 11/30/15 04/30/17 $2,000,000 11/30/15 05/31/17 $2,000,000 11/30/15 06/30/17 $2,000,000 11/30/15 10/15/17 $3,000,000 11/30/15 03/15/17 $2,000,000 11/30/15 05/15/18 $3,000,000 12/04/15 02/28/18 $3,000,000 12/04/15 03/15/18 $3,000,000 12/04/15 03/31/18 $3,000,000 12/07/15 04/15/18 $3,000,000 12/15/15 11/15/16 $3,000,000 12/15/15 11/07/16 $3,000,000 12/16/15 06/15/17 $2,000,000 12/16/15 04/15/17 $2,000,000 12/29/15 06/29/16 06/19/18 $2,000,000

27 $64,000,000

Early Purchase Date Call Date Maturitv Date Par Amount

10/07/13 10/07/15 $2,000,000 06/12/14 10/08/15 09/12/16 $2,000,000 12/11/13 10/15/15 $3,000,000 03/10/14 10/19/15 03/10/16 $2,000,000 04/28/15 10/28/15 04/28/17 $2,000,000 11/19/14 10/22/15 $2,000,000 07/30/15 10/30/15 10/30/17 $3,000,000 10/31/13 10/31/15 $3,000,000 12/13/13 10/31/15 $3,000,000 11/04/13 11/04/15 $2,000,000 11 /24/14 11/24/15 02/24/1 7 $2,000,000 02/19/15 11/19/15 05/19/17 $2,000,000

12 $28,000,000

27 securities 12 securities

lofl

Book Value $1,994,602.78 $2,000,000.00 $1,993,583.40 $1,994,633.34 $1,993,565.00 $1,992, 111. 11 $1,996,875.00 $2,994,843.75 $1,993,112.78 $2,994,796.67 $2,000,000.00 $2,000,000.00 $1,992,500.00 $1,995,000.00 $1,994,062.50 $2,999,531.25 $2,000,000.00 $2,993,430.00 $2,983,140.00 $2,996,250.00 $2,979,390.00 $2,977,710.00 $2,997,421.88 $2,982,370.00 $1,998,820.00 $1,999,780.00 $2,000,000.00 $63,837,529.46

Book Value $2,000,000.00 $2,000,000.00 $2,998,828.13 $2,000,000.00 $2,000,000.00 $1 ,996,817.22 $3,000,000.00 $2,997,000.00 $2,997,070.31 $2,000,000.00 $2,000,000.00 $2,000,000.00

$27,989,715.66

$187,291 ,696.23 $63,837,529.46

($27,989,715.66 $223,139,510.03

.29


Change in Monthly Cash Flows For All Pooled Cash/Investment Accounts Comparison of Six Fiscal Years

October November December January February March April May June July August September

$ $ $ $ $ $ $ $ $ $ $ $

Fiscal Year 2010-2011 Net Chanae Month End Bal*

(8,787,313) $ 286,139,875 18,859,033 $ 304,998,908 30,880,676 $ 335,879,584

4,920,377 $ 340,799,961 337,406 $ 341,137,367

(3,074,474) $ 338,062,893 (4,427,870) $ 333,635,023 (5,688,925) $ 327,946,098 (8,844,978) $ 319,101 ,120 (5,588,302) $ 313,512,818 {1,382,203) $ 312,130,615 (5,641,804 $ 306,488,811

Net cash flow $ 11,561,623

October November December January February March April May

$ $ $ $ $ $ $ $

Fiscal Year 2013-2014 Net Chanae Month End Bal'

(7,076,226) $ 291,236,824 13,411,135 $ 304,647,959 33,565,914 $ 338,213,873 (1,632,096) $ 336,581 ,777 (1 ,988,485) $ 334,593,292

(474,129) $ 334,119,163 (6,034,807) $ 328,084,356 {5,237,557) $ 322,846,799

June $ (11,441,367) $ 311,405,432 July August September

$ $ $

Net cash flow $

(3,166,797) (8,103,393) (1,774,852'

47,340

$ 308,238,635 $ 300, 135,242 $ 298,360,390

December 31, 2015

Fiscal Year 2011-201 2 Fiscal Year 2012-2013 Net Chanae Month End Bal* Net Change Month End Bar

$ (7,163,713) $ 299,325,098 $ {4,325,867) $ 293,979,198 $ 15,743,556 $ 315,068,654 $ 16,251,425 $ 31 0,230,623 $ 31 ,679,255 $ 346,747,909 $ 29,931,1 73 $ 340,161,796 $ 540,328 $ 347,288,237 $ 130,635 $ 340,292,431 $ (3,953,214) $ 343,335,023 $ (2,486,081) $ 337,806,350 $ {4,018,678) $ 339,316,345 $ (2,787,582) $ 335,018,768 $ {6,018,427) $ 333,297,918 $ (8,244,064) $ 326,774,704 $ (5,148,326) $ 328,149,592 $ (4,598,588) $ 322,176,116 $ (12,048,463) $ 316,101,129 $ (4,334,609) $ 31 7,841 ,507 $ (5,284,467) $ 310,816,662 $ (4,470,572) $ 313,370,935 $ (10,999,198) $ 299,817,464 $ (10,017,849) $ 303,353,086 $ (1 ,512,399' $ 298,305,065 $ (5,040,036' $ 298,313,050 $ (8,183,746) $ 7,985

Fiscal Year 2014-2015 Fiscal Year 2015-2016 Net Chanae Month End Bal" Net Chanae Month End Bal*

$ (10,422,694) $ 287,937,696 $ (8,105,518) $ 298,115,481 $ 19,342,864 $ 307,280,560 $ 25,830,326 $ 323,945,807 $ 35,786,179 $ 343,066,739 $ 35,536,011 $ 359,481 ,818 $ (285,799) $ 342,780,940 $ (2,801,802) $ 339,979,138 $ 281,107 $ 340,260,245 $ (6,111,791) $ 334,148,454 $ {4,947,796) $ 329,200,658 $ (6,122,052) $ 323,078,606 $ (8,447,944) $ 314,630,662 $ (9,274,059) $ 305,356,603 $ 864,396 $ 306,220,999 $ 7,860,609 $ 53,260,819

*Schedule represents total assets in 801 fund-including portfolio accounts, FMV adjustments, cash in bank and utilities debt reserve. Source: Balance Sheet for fund 801 (run by month)

Schedule does not include OPEB investments - see separate report.

30

Schedule 7 lrtdian River County

Pooled Interest Earnings J\nalysis Comparison of Two Prior fiscal Years With Current Fi11c.a.l Year

December 31 , 2015 Portfolio

5.inlu - (Z) - Q1,1iillified Publkf;h!?O,itori .. s

Trea~uries & A"encies Wells Fargo- Bank SunTrust Banlc TO Bank-MM TO Bank - CD Harbor Comm Oct.1Hna Bank-CD Naffi Bk Comm - CD BankUnited -MM Reo1ons Bank

(1) lnletes.l Interest Interest Interest Interest Interest Interest Interest Interest

Mo/Vt Earned Retum Earned Return Earned RBtum Earned A:eb.Jm Earned Reb.Jm Earn~d Return Eame d Return Earned Retum Eamed

Od-13 $ 49,284 0.27% $ 2,728 0.25% $ 696 0.07% Nov-13 $ 49,775 0.27% $ 2,429 0.25% $ 673 0.07% Dec-13 $ 53,421 0.27% $ 2,569 0.25% $ 1,233 0.07% Jan•14 $ 53,904 0.27% $ 2,563 0.25% $ 930 0.07% $ 986 0.20% Feb-14 $ 53,4i9 0:28% $ 2,675 0.25% NJA NJA S J,069 0.20% $ 1,956 0.85% $ 5,(39

Mar-14 $ 54,894 0.28% $ 2,544 0.25% NIA NJA $ 3,398 0.20% $ 2 ,167 0.85% $ 6,779

Apr-14 $ 55,173 0.29% $ 2,426 0.25% NIA NJA S 3,289 0.20% $ 2 ,099 0.85% $ 6,563 May-14 $ 53,973 0.29% $ 2,849 0.25% NIA NIA S J,399 0.20% $ 2 .170 0.85% $ 6,784 Ji.m-14 $ 54,6l2 0.31% $ 2 .619 0.25% NJA NJA $ 3,290 0.20% $ 2 ,102 0.85% $ 7,025

Jul-14 $ 55,559 0.32% $ 2,671 0.25% NIA NJA $ 3 ,400 0.20% $ 2,17l 0.85% $ 8,822 hg-14 $ 56,101 0.32% $ 2,384 0.25% NIA NIA S 3,401 0.20% $ 2,175 0.85% $ e,e2s Sep-14 $ 57,022 0.34% $ 2.473 0.25% NIA NJA S J,292 0.20% $ 2,106 0_85% $ 8,543

Od-14 $ 55,741 0.34% $ 2,715 0.25% NIA NIA $ 3,402 0.20% $ 2,178 0.65% $ 8,831

Nov-14 $ 66,189 0.34% $ 2,373 0.25% NIA NIA S 3,430 0.20% $ 2,109 0.85% $ 8,549 Deo-14 $ 67,702 0_37% .$ 3,301 0.25% NIA NIA $ .,526 0.20% $ 2,181 0.85% $ 9 ,274 Jan-15 $ 72,945 0.40% $ 2,458 0.25% NIA NIA $ 5,102 0.20% $ 2.183 0.85% $ 10,195

Feb-15 $ 71,546 0.40% $ 2,477 0.25% NIA NIA $ 4,609 0.20% $ 1,973 0.85% $ 9,212

Mar-15 .$ 76,478 0-43% .$ 3.039 0_25% NIA NIA $ 5,104 0.20% $ 2,186 0.65% $ 10,202 Apr-15 $ 77,356 0.44% $ 2,550 0.25% NIA NIA $ 4,414 0.20% S 2,117 0.85% $ 9 .87E

May-15 $ 77,327 0.44% $ 2,799 0.25% NIA NIA $ •.211 0.20% $ J,906 0.88% $ 2,189 o.55% $ 748 0.88% $ 1,973 0.60% $ 8,937

Jun-15 $ 71,370 0.44% $ 2,llM 0.25% NIA NIA S .,122 0.25% $ "4,343 0.68% $ 2.120 0.85% $ 724 0.88% $ 2,860 D.60% $ 8,43!l Jul-15 $ 73,032 0.46% $ 2,916 0.25% NIA NIA $ 4,261 0.25% $ 4,491 0.88% $ 2,192 0.85% $ 510 0.88% $ 3,00D 0.6D% $ 9,537

A..g-1S $ 72,99• 0.48% $ 2,496 0.25% NIA NIA $ 4,262 0.25% $ 4,494 0.88% $ 2,193 0.85% $ 721 0.8$D,(, $ 3,214 0.60% $ 9 ,212

Sep-15 $ 77.290 0.49% $ 2,752 0.25% NIA NIA S .,125 0.25% $ 4,352 0.88% $ 2,124 0.85% $ 725 0.88-% $ 2,958 0.60% $ 7,571

Od- 15 $ 72.640 0.49% $ 2,571 0.25% NIA NIA S -4,263 0.25% $ 4,501 0.88% $ 2,197 0.85% $ 756 0.88% $ 3,156 0.60% $ 7 ,676

Nov-15 $ 87,151 0.52% $ 2,729 0.25% NIA NIA $ 4,925 0.25% $ 4,359 0.88% $ 2 ,127 0.85% $ 708 0.83% $ 2,860 0.60% $ 7,863 Oec-15 $ 105,978 0.57% $ 3,062 0.25% NIA NIA S 6,055 0.30% $ 4,507 0.88% $ 2,200 0.85% $ 737 0.88% $ 3,058 0.60% $ 11.326

Notes: 1) "Investments" ar~ act:rucd interest on coupon instruments 2) "Bank~ is cash received on tt,e overnight investmer,t of the Coumy's cash ill the bank 3) ~FLGIT~ is. the change in market value of the Florida Local Government Investment Trust account. A monthly return is not available; oom;equently, the 12 month return is provided. 4) "Oay-to-Oay~is a me>ney market fund managed by the FACC undetthe FLGIT umbrella. 5) Average return is computed by dividing total intere$t lnce>me rorthe month by the monthty cash b~1a.,ice$ listed on schedule 6 Does not include mark to market except for FLGIT landl'ill 6) Source 01 one-year treasury rales is th e Federal Reserve website.

This report doe.s no1 include OPEB funds.

~ ...

Interest RetlJrn Eamed Re.turn

$ 2,539 0.23% $ 2.564 0_23% $ 4,624 0.23% $ 4,495 0.23%

0.40% $ 4,059 0.23% 0,40% $ 4,495 0.23% 040% $ 3,243 0.23% 040% $ 4,010 0.23% 0,40% $ 3,677 0.23% 0.40% $ 2,638 0.23% 0.40% $ 2,361 0.23% 0.40% $ 2,629 0.23¾

0.40% $ 2,264 0.23% 0.40% $ 2,305 0.23% 0.40% $ 4,834 0.23% 0.40% $ 4,909 0,23% 0.40% $ 4,596 0.23¾ 0.40% $ 5 ,255 0.23% 0_40% $ 4,912 0_23% 0.40% $ 4,748 0 .23% 0.40% $ 5,243 0 .23% 0_40% $ 5,079 0_:23¾ 0.40% $ 4 ,891 0.23% 0.40% $ 3,951 0.23%

0.40% $ 3 ,972 0.23% 0.40% $ 4,131 0.23% 0.50% $ 5.742 0.23%

Monev M il rket Furid s ~

17} Reaions LookboK FLGIT- Landfi ll (3) Dav-to-Dav (4} Utilities Reserve Benet.mark

12 (6} One Year Interest Interest Month Interest Interest AVBl"ajle Constant Earned Return Earned Return Earned Retum Earned Retum Total Return Return Maturilv

$ 3,028 0.60% $ 20.923 0 .51% $ 724 0.07% $ 1,263 0.28% $ 81,185 0.33% 0.12% $ 3,047 0_60% $ 13,215 055% $ 715 0.08% $ 1,263 0.28% $ 73,681 0.29% 0.12% $ 3,050 0.60% $ (14,274) 0.42% $ 914 0.07% $ 1,016 0.22% $ 52,553 0.19% 0.13¾ $ 3,303 0.60% $ 20.304 0.58% $ 1.090 0.07% $ 1,422 0.31% $ 66,997 0.32% 0 .12% $ 2,775 0.60% $ 11 ,953 0 .53% $ 229 0.07% $ 1,422 0.31% $ 87,078 0.31% 0.12% $ 2,858 0 .60% $ (9,802) 0,40% $ 52 0.07% $ 1,422 0.31% $ 68,808 0.25% 0.13¾ $ 2,636 0.60% $ 15,218 0 .37% NJA NIA $ 1,422 0.31% S 92,069 0.34% 0 .11¾ $ 2,956 0.60% $ 18,640 0,77% NJA NIA $ 1,422 0.31% S 96,203 0.36% 0 .10'¾ $ 3,021 0.60% $ (2,129) 1,093/c NJA NIA $ 1,731 0.3 8% $ 75,969 0.29% 0.10% $ 2,769 0.60% $ (11 ,301) 0.77~/4 NIA NIA $ 1,731 0.38% $ 68,462 0.27% 0.1 1% $ 3,304 0.60% $ 15,.70 1.00% NIA NIA S 1.731 0.38% $ 95,752 0.38% 0.11% S 2,875 0.60% $ (8,360) 0 .64% NIA NIA $ 1.731 0_38% $ 72.311 0.29% 0.11%

S 3,161 0.60% $ 22.042 0 .65% NIA NIA $ 1,731 0.38% $ 102,065 0.43% 0.10% S 3,530 0.60% $ 13.942 0.65% NIA NJA $ 1,731 0.38% $ 94,158 0.37% 0.13% $ 2,957 0.60% S (23,742) 0 .57% NIA NIA $ 1,970 0.43% $ 73,00 3 0.26% 0 .21¾ $ 3,453 0.60% S 42,217 0 .75% NIA NIA $ 1,970 0.43% $ 145,432 0.51% 0 .20%, S 2,629 0.60% S (12,385) 0.54% NIA NIA $ 1,970 0.43% $ 86,627 0.31% 0 .22¾ $ 3,096 0.60% $ 22,735 0 .82% NIA NIA $ 1,970 0.4l¾ $ 130,065 0_46% 0 .25% $ 3,056 0_60% S •,638 0.73% NIA NIA $ 1,970 0.43% $ 110,889 0.40% 0.23% $ 2,941 0.60% $ 6,786 0 .62% NJA NIA $ 1,970 0 .43% $ 118,605 o.,3% 0 .24o/, $ 3,030 0.60% $ (2,838) 0 .6 1g/4 NIA NIA $ 2,391 0.52% $ 104,688 0.39% 0 .26% $ 2,851 0.60% $ 4,638 0 .75% NIA NIA $ 2,391 0.52% S 114,898 0.44% 0.30% $ 3,109 0.60% $ (3,572) 0 .58% NJA NIA $ 2,391 0.52% $ 106,405 0.42% 0.38¾ $ 2 ,960 0.60% $ 26,855 0.88% NIA NJA $ 1,985 0.58% $ 137,648 0.54% 0.373/,

$ 2,960 0.60% $ (7,860) 0 .61% NIA NIA $ 1,985 0.58% $ 99.027 0_40% 0.26¾1

$ 3.034 0.60% $ (15,955) 0.37% NJA NIA $ 1,985 0.58% $ 105,91 7 0.39% 0.48 % $ 3,021 0.60% $ (6,671) 0 .49% NJA NIA S 1,985 0.58% $ 1,1 ,000 0.47% 0 .65%


Allocation of Pooled Cash and Investments By Fund Types Balance in Funds as of December 31, 2015

General Fund Special Revenue Funds Debt Service Funds Capital Project Funds Solid Waste Funds Golf Course Fund Building Fund Utilities Funds Fleet Fund Insurance Funds GIS Fund Escrow Funds Total Investments

Pooled Investments $ 72,875,501 $ 73,666,194 $ 6,461,945 $ 62,055,463 $ 33,360,185 $ 7,852 $ 6,250,323 $ 73,984,030 $ 205,450 $ 26,093,771 $ 1,346,223 $ 3,174,881 $ 359,481,818

Schedule includes all pooled investments, FMV adjustments, and cash in bank.

Schedule does not include OPEB investments - see separate report.

31


•

l'>c,OMP;,~

"'. ((' . ..., ,n u ·;i;

-:=:. -~ ., ~

.,_.~!-,.,,, ,- r, u1,,; • ' •

TO:

FROM:

Board of County Commissioners (acting as Board of Trustees of OPEB Trust)

Diane Bernardo, Finance Director <t!jj) THRU:

DATE:

Jeffrey R. Smith, Clerk of the Circuit Court and Comptroller~l "

January 29, 2016

SUBJECT: Quarterly OPEB Trust Report for Quarter Ending 12/31/2015

Attached please find a summary report consisting of the composition and investment return of the OPEB Trust for the first quarter of this fiscal year. These funds are held in trust by our custodian BNY /Mellon. This report was reviewed by our investment advisory committee on January 28, 2016.

RECOMMENDATION

Staff recommends that the Board of County Commissioners accept the attached Quarterly OPEB Trust Report.

Indian River Count

Administrator

Risk Mana ement

33

Target

SHORT TERM PORTION 100% cash equivalents

50% Equities

40% Fixed Debt Securities

10% Cash Equivalents

Performance

~ ,la,.

Indian River County

Other Post Employment Benefits Trust

Quarter Ended December 31, 2015

12/31/2015 Current

I Description Value Allocation

Fidelity Treasury Money Market $ 490,554 100.0%

Short-Term Portion Total $ 490,554 100.0%

Vanguard 500 Index $ 3,493,920 22.8%

FTSE All-World $ 3,019,369 19.7%

Vanguard Mid Cap Index $ 754,265 4.9%

Vanguard Small Cap Index $ 375,230 2.4%

I 50% Equities Subtotal $ 7,642,784 49.8%

Vanguard Short Term Treasury $ 4,624,198 30.1%

Vanguard Intermediate Treasury $ 1,542,595 10.0%

1

4•% Fixed Debt Securities Subtotal $ 6,166,793 40.1%

Vanguard Prime Money Market $ 1,348,184 8.8%

Vanguard Federal Money Market $ 205,680 1.3%

10% Cash Equivalents Subtotal $ 1,553,864 10.1%

Long-Term Portion Total $15,363,441 100.0%

Portfolio Tot&i $15,853,995 100.0%

I Grouping Return Benchmark

Short-Term Portion 0.01% 0.00%

Long-Term Portion: Total - 50% Equities (Blended) 4.60% 5.07%

Total - 40% Fixed Debt Securities (Blended) -1.16% -0.83%

Total - 10% Cash Equivalents (Blended) 0.02% 0.00%

Total Long-Term {Blended) 1.84% 2.21%

,Total Portfolio (Blended) 1.81% 2.17%

Benchmark Timeframe

12 months

12 months

12 mont hs

12 mont hs

12 months

12 months

~ .. ~

BNY MELLON The Bank ol New York Mellon Trust Company, N.A.

INDIAN RIVER COUNTY FINANCE DIRECTOR 1801 27TH STREET BLDG A VERO BEACH, FL 32960-3388

Go Paperless. Securely access your account onllne to view your statements. Ask your BNV Mellon contact how we can help you access your accounts, enter your own transactions or submit an audit confirmation onllne. Also be sure to ask how Connect(SM), our new web-based, single sign-on platform can help you go paperless.

Visit us at www.bnymellon.com

Account Overview Percent of all

Account Statement Statement Period 12/01/2015 Throug~ _1__2/31/2015

Account .... INDIAN RIVER CO OPEB TRUST

CLIENT SERVICE MANAGER: CLAYTON WOODARD 10161 CENTURION PARKWAY JACKSONVILLE, FL 32256 904-998•4743 CLAYTON. [email protected]

lnveotmant$ Asset Classillcation Markot Value

Summary of Assets Held Asset Classilicatton

EQUITY

OTHEH

CASH AND SHORT TE RM

- - --- - - -Market Value

4,248,184.83 11,115,256.43

490,553.91

26% 71%

3%

100%

0 EQUITY ® OTHER ® CASH AND SHORT TER_tyl

TOT AL OF ALL INVESTMENTS

Cost

2,291,708.74 9,648,126.71

490,553.91

Accrued Income

0.00 0.00

0.00

ACCOUNTTOTALS 15,853,995.17./ ~b 12,430,389.36

\\o 0.00

Summary of Cash Transactions /\ · Current Period

T111nsactlon Category Income Reali2ed

Plinclpel Galno/Loaseo

OPENING BALANCE 156,311.38 156,311.38 • DIVIDENDS 51,710.81 51,708.96 - 0.00 INTEREST 0.00 0.00 0.00 SALES AND REDEMPTIONS 0.00 172,547.50 0.00 OTHEJ, CASH ADDITIONS 0.00 248.093.62 0.00 Ol l-!ER r::AflH DiSBURSiEM8 ,rrs 1.85 · 457.50 • 0.00 PUFICl-l/\h'ES 0.00 •20. 18'.LE>t c 0.00

CLOSING BALANCE ~ ll,020,34 208,020.34 • 0.00

4 248,1~.83 11 , 115,256.43

490,553.91

15,853,995.17

Est Annual Income Mark&t Yl•ld

0.00 0.00% 0.00 0.00% 0.00 0.00%

0.00 0.00%

Year-to-Date

Income Principal

0.00 0.00 202,266.28 138,486 .44 ·

5,834.26 0.00

0.00 2,982,602 .22

1789 2,7_29,04-1 ij2_

54,04 1,947 12.1 .ae -43.2b J.ll>~.066.76 -

208,020.34 208,020.34 •

The above cash transactions s1Jmmary Is provided for Information purposes only and may not rellecl actual taxable Income or deductible expenses as reportable under the Internal Revenue Coda.

'---------------- --- --------------------,.,,.}~

Page 13 of 24 Page 1 of 6

TO:

THROUGH:

FROM:

SUBJECT:

DATE:


PUBLIC WORKS DEPARTMENT - TRAFFIC ENGINEERING DIVISION



Christopher R. Mora, P.E. Public Works Director

Kimberly Graham0✓ County Traffic En~

Traffic Control Device Ledger - BCC Consent Agenda

January 21, 2016

CONSENT AGENDA

----------------------------------------------------------------------------------------------------------------------------------------DESCRIPTION AND CONDITIONS

The Public Works Director is to provide a Traffic Control Device Ledger update for ratification by the Board of County Commissioners as specified in Section 312.18 of the Indian River County Code. The last ledger update was approved by the Board in August, 2015.

FUNDING

There is no funding impact generated by this action.

ATTACHMENTS

Draft Resolution and Ledger Documents

RECOMMENDATIONS

Staff recommends that the Board approves this ledger update (EXHIBIT "A" - attached).

F.\TRAFF!C\.\1A YA\BCC AGENDA ITEMS\AGENDA ITEMS\20U-2016\TRAFFIC CONTROL DEVICES AGENDA MEMO JANUARY 2016.DOC 36

Page 2

Consent Agenda Item For February 9, 2016 BCC Meeting Traffic Control Device Ledger - BCC Consent Agenda January 21, 2016

APPROVED AGENDA ITEM

FOR: February 9, 2016

BY

Indian River Coun

Administration

Bud et

Le al

Risl[ Management

Public Works

Traffic Engineering

F:ITRAFFIC\MA YAIBCC AGENDA ITEMS\AGENDA ITEMS\2012-2016\TRAFFIC CONTROL DEVICES AGENDA MEMO JANUARY 2016.DOC 37

RESOLUTION NO. 2016-~---

A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, APPROVING TRAFFIC CONTROL DEVICES AUTHORIZED BY THE DIRECTOR OF PUBLIC WORKS.

WHEREAS, the Board of County Commissioners has directed the Director of Public

Works to maintain a ledger listing the traffic control devices maintained by the County (Section

312.18, Indian River County Code); and

WHEREAS, the code requires this ledger to be presented to the Board of County

Commissioners for approval; and

WHEREAS, the ledger has been presented and is attached as Exhibit "A" to this

Resolution,

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY

COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA THAT:

The Board of County Commissioners hereby accepts and approves the traffic control

device ledger which is Exhibit "A'1 to this resolution.

The resolution was moved to adoption by Commissioner __________ and the

motion was seconded by Commissioner ________ _, and, upon being put to a vote, the

vote was as follows:

Chairman, Bob Solari Vice Chairman, Joseph E. Flescher Commissioner Wesley S. Davis Commissioner Timothy Zorc Commissioner Peter D. O'Bryan

F:\Tra ff ic\Maya\ BCC AGENDA ITEMS\RESOLUTION\2012-2016\resolution traffic c on t r ol devices l e dge r January 2016.doc

38

RESOLUTION NO. 2016-___ _

Page 2 of2 Traffic Control Devices Resolution

The Chairman thereupon declared the resolution duly passed and adopted this __ day of ----~ 2016.

Attest: Jeffrey R. Smith Clerk of Court and Comptroller

By: __________ _

Deputy Clerk

BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA

By:. ____ _________ _

Bob Solari Chairman

F:\Tra ff ic\Maya\BCC AGENDA I TEMS\RESOLUTION\20 1 2 - 2016\resolution traffic contr o l devices l edger J anuary 2016. doc

39

EXHIBIT "A"

INDIAN RIVER COUNTY PUBLIC WORKS DEPARTMENT

TRAFFIC ENGINEERING DIVISION

TRAFFIC CONTROL DEVICES MAINTAINED BY INDIAN RIVER COUNTY

JANUARY, 2016

TABLE OF CONTENTS

• Traffic Signals .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .. Page 2

·• Flashing Beacons . .. . . . . . . . . . . . . .. . .. . . . . . . . . . . . .. . . . . . . . .. ... Page 6

• 20 M.P.H. School Flashing Beacons ................... Page 7

• Speed Warning/Driver Feedback Signs.................. Page 8

• Traffic Cameras . . . . . . .. . . . .. .. .. . . . . .. . .. . . . . . . . . . . .. . . .. .. .. Page 8

• Speed Limit Zones ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Page 10

• A TMS Data Collection Modules........................... Page 11

• School 20 M.P.H. Speed Limit Zones................... Page 15

• Traffic Calming . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... Page 18

Page 1 of 18 40



TRAFFIC CONTROL DEVICES MAINTAINED BY INDIAN RIVER COUNTY JANUARY, 2016

I. TRAFFIC SIGNALS

1. 4th Street and 20th Avenue 2. 4th Street and 27th Avenue 3. 4th Street and 43rd Avenue 4. 4th Street and 58th Avenue 5. 4th Street and Old Dixie Highway 6. 4th Street/Indian River Boulevard and U.S. 1 7. 5th Street SW and 20th Avenue 8. 5th Street SW and 27th Avenue 9. 5th Street SW and 43rd Avenue

10. 8th Street and 6th A venue 11. 8th Street and 20th Avenue 12. 8th Street and 27th Avenue 13. 8th Street and 43rd Avenue 14. 8th Street and 58th Avenue 15. 8th Street and Old Dixie Highway 16. 8th Street and U.S. 1 17. 12th Street and 6 th Avenue 18. 12th Street and 20th Avenue 19. 12th Street and 27th Avenue 20. 12th Street and 43rd Avenue 21. 12th Street and 58th Avenue 22. 12th Street and Commerce Avenue 23. 12 th Street and Indian River Boulevard 24. 12th Street and Old Dixie Highway 25. 12th Street and U.S. 1 26. 15th Place and U.S. 1 27. 16th Street and 14th Avenue 28. 16th Street and 17th Avenue 29. 16th Street and 20th Avenue 30. 16th Street and 27th Avenue 31. 16th Street and 43rd Avenue 32. 16th Street and 66th Avenue 33. 16th Street and Old Dixie Highway 34. 17th Lane SW and 27th Avenue 35. 17th Street and 10th Avenue 36. 17th Street and Indian River Boulevard 37. 17th Street/Causeway Boulevard and SR A-1-A

Page 2 of 18 41




I. TRAFFIC SIGNALS (continued)

38. 17th Street and U.S. 1 39. 20th Place and 6th A venue 40. 21st Street and 6th A venue 41. zpt Street and 14th Avenue 42. 21st Street and Indian River Boulevard 43. 23rd Street and 14th Avenue 44. 23rd Street and U.S. 1 45. 26th Street and 43rd Avenue 46. 26th Street and 58th Avenue 47. 26th Street and 66th Avenue 48. 26th Street and St. Lucie Avenue 49. 261h Street and U.S. 1 50. 32°d Street/Aviation Boulevard and U.S. 1 51. 37th Street and 10th Court 52. 37th Street and Indian River Boulevard 53. 37th Street and U.S. 1 54. 38th Lane/Old Dixie Highway and U.S. 1 55. 41 st Street and U.S. 1 56. 4pt Street and 43rd Avenue 57. 41st Street and 581h Avenue 58. 4pt Street and 66th Avenue 59. 4pt Street and Indian River Boulevard 60. 45th Street and 43rd Avenue 61. 45th Street and U.S. 1 62. 45th Street and 581h Avenue 63. 45th Street and 661h Avenue 64. 45th Street and Indian River Boulevard 65. 53rd Street and U.S. 1 66. 53rd Street and Old Dixie Highway 67. 53rd Street and 24th Avenue (Publix) 68. 53rd Street and 51 st Court 69. 53rd Street and ssth A venue 70. 57th Street and 58th Avenue 71. 57th Street and 66th Avenue 72. 69th Street and U.S. 1 73. 81 st Street and 66th Avenue 74. 871h Street and CR 510 75. Aviation Boulevard and 27th Avenue 76. Bahia Mar Road and SR A-1-A 77. Barber Street and Schumann Drive 78. Barber Street/Pelican Pointe Drive and U.S. 1

Page 3 of 18 41





79. College Lane and 58th Avenue 80. College Lane and Schumann Center 81. CR 510 and 58th Avenue 82. CR 510 and 66th Avenue 83. CR 510 and CR 512 84. CR 510 and SR A-1-A 85. CR 510 and Treasure Coast Elementary 86. CR 510 and U.S. 1 87. CR 512 and I-95 (NB) 88. CR 512 and 1-95 (SB) 89. CR 512 and mis• Avenue 90. CR 512 and 108th Avenue 91. CR 512 and Barber Street 92. CR 512 and Delaware Avenue 93. CR 512 and Easy Street 94. CR 512 and Fleming Street 95. CR 512 and Roseland Road 96. CR 512 and Sebastian River Middle School (West Driveway) 97. CR 512 and Willow Street/130th Avenue 98. CR 512 EB and U.S. 1 99. CR 512 WB and U.S. 1 100. Fred Tuerk Drive and SR A-1-A 101. Highland Drive and U.S 1 102. Jackson Street and U.S. 1 103. Jaycee Park and SR A-1-A 104. John's Island Drive and SR A-1-A 105. Main Street and U.S. 1 106. Oslo Road and 20th Avenue 107. Oslo Road and 27th Avenue 108. Oslo Road and 43rd Avenue 109. Oslo Road and 58th Avenue 110. Oslo Road and Old Dixie Highway 111. Oslo Road and U.S. 1 112. Roseland Road and U.S. 1 113. Round Island Park and SR A-1-A 114. Royal Palm Place/Boulevard and Indian River Boulevard/SR 60 115. St. Edward's School and SR A-1-A 116. Schumann Drive and U.S. 1 117. Sea Oaks and SR A-1-A 118. Sebastian High School (North Intersection) and CR 510 119. Sebastian High School (South Intersection) and CR 510

Page 4 of 18 43





120. SR 60 and 43rd Avenue 121. SR 60 and 53rd Avenue 122. SR 60 and 58th Avenue 123. SR 60 and 66th Avenue 124. SR 60 and 74th Avenue 125. SR 60 and 82nd Avenue 126. SR 60 and 90th Avenue 127. SR 60 and 94th Drive 128. SR 60 and 98th Avenue 129. SR 60 and 1-95 (NB) 130. SR 60 and 1-95 (SB) 131. SR 60 and Indian River Mall 132. SR 60120th Street and 6th Avenue 133. SR 60120th Street and 20th Avenue 134. SR 60120th Street and 27th Avenue/Buena Vista Boulevard 135. SR 60120th Street and Indian River Boulevard 136. SR 60/Beachland Boulevard and Mockingbird Drive 137. SR 60/Beachland Boulevard and Riverside Park Drive 138. SR 60/Beachland Boulevard and SR A-1-A 139. SR 60/Merrill Barber Bridge and Indian River Boulevard 140. SR 60 Eastbound/19th Place and 14th Avenue 141. SR 60 Eastbound/20th Street and 10th Avenue 142. SR 60 Eastbound/20th Street and Commerce Avenue 143. SR 60 Eastbound/20 th Street and U.S. 1 144. SR 60 Westbound/20th Place and 10th Avenue 145. SR 60 Westbound/20th Place and 11th Avenue 146. SR 60 Westbound/20th Place and Commerce Avenue 147. SR 60 Westbound/20th Place and U.S. 1 148. SR 60 Westbound/20th Street and 14th Avenue 149. U.S. l/2Pt Street and 10th Avenue 150. U.S. 1121 st Street and 11 th Avenue 151. Vista Royale Boulevard and U.S. 1

NEW TRAFFIC SIGNA LS UNDER DESIGN OR CONSTRUCTION

152. pt Street SW and 27th Avenue 153. pt Street SW and 43rd Avenue 154. 53rd Street and Indian River Boulevard 155. Aviation Boulevard and 20th Avenue 156. Aviation Boulevard and 34th Avenue 157. Oslo Road and 66th Avenue

Page 5 of 18 44




II. FLASHING BEACONS

1. pt Street SW and 27th Avenue Intersection Control Beacon 2. gth Street and Indian River Boulevard Intersection Control Beacon 3. gth Street west of U.S. 1 Railroad Warning Beacon 4. 21st Street SW and 27th Avenue Warning Beacon 5. 21 st Street and U.S. 1 at Curve Warning Beacon 6. 41st Street and Old Dixie Highway Four Way Red Beacon 7. 45th Street and Old Dixie Highway Four Way Red Beacon 8. 49th Street and ss th Avenue Intersection Control Beacon 9. 49 th Street and Old Dixie Highway Four Way Red Beacon 10. 49th Street and 51 st Court Intersection Control Beacon 11. 65th Street and 58th Avenue Intersection Control Beacon 12. 65th Street and Old Dixie Highway Intersection Control Beacon 13. 69th Street and 58th Avenue Intersection Control Beacon 14. 691h Street and Old Dixie Highway Intersection Control Beacon 15. 77th Street and 58th Avenue Intersection Control Beacon 16. CR 510 and 64th Avenue Intersection Control Beacon 17. CR 510 at 90 th Avenue Curve Warning Beacon 18. CR 512 and CR 507 Intersection Control Beacon 19. CR 512 and Cypress Street Intersection Control Beacon 20. Highland Drive and 6th Avenue SW Intersection Control Beacon 21. Highland Drive and Old Dixie Highway Four Way Red Beacon 22. Oslo Road and 74th Avenue Intersection Control Beacon 23. Oslo Road and 82nd Avenue Intersection Control Beacon 24. South Carolina and CR 507 One Way Red Beacon 25. SR60/Beachland Blvd. and WB Barber Bridge Warning Beacon 26. SR60/I.R. Boulevard Main Relief Canal Warning Beacon 27. SR60 EB/20th Street and Commerce Avenue Warning Beacon 28. SR60 EB/20th Street and Commerce Avenue Railroad Warning Beacon 29. SR60 WB/20th Place and U.S. 1 Warning Beacon

Page 6 of 18 45




II. FLASHING BEACONS (continued)

NEW FLASHING BEACONS UNDER DESIGN OR CONSTRUCTION

30. 31.

49th Street and 43rd Avenue 53rd Street and 43rd Avenue

III. 20 M.P.H. SCHOOL FLASHING BEACONS

Intersection Control Beacon Intersection Control Beacon

1. Beachland Elementary School on SR 60/Beachland Boulevard 2. Citrus Elementary School on 4th Street 3. Citrus Elementary School on 27th A venue 4. Dodgertown Elementary School on 43rd Avenue 5. Fellsmere Elementary School on CR 512 6. Glendale Elementary School on 8th Street 7. Highlands Elementary School on 6th Avenue SW 8. Gifford Middle School on 45th Street 9. Osceola Magnet School on 18 th Avenue SW

10. Oslo Middle School on 20th Avenue SW 11. Rosewood Elementary School on 16th Street 12. Sebastian Elementary School on CR 512 13. Vero Beach Elementary School on 12th Street 14. St. Edwards School and SR Al A

IV. SPEED WARNING/DRIVER FEEDBACK SIGNS

1. Old Dixie Highway north of 69th Street - southbound 2. Old Dixie H ighway south of 65th Street - northbound

Page 7 of 18 46




V. TRAFFIC CAMERAS

1. 4th Street and U.S. 1 2. 4th Street and Old Dixie Highway 3. 4th Street and 27th Avenue 4. 4th Street and 58th Avenue 5. 5th Street and 27th Avenue 6. 8th Street and U.S. l 7. 8th Street and 6th Avenue 8. 8th Street and 20th Avenue 9. 8th Street and 43rd Avenue 10. 8th Street and Old Dixie Highway 11. 12th Street and U.S. 1 12. 12th Street and Commerce A venue 13. 12th Street and Indian River Boulevard 14. 12th Street and 6th Avenue 15. 12th Street and 27th Avenue 16. 12th Street and 58th Avenue 17. 15th Place and U.S. 1 18. 16th Street and 14th Avenue 19. 16th Street and 43rd Avenue 20. 16th Street and Old Dixie Highway 21. 17th Street and 10th Avenue 22. 17th Street and U.S. 1 23. 20th Place and 11th A venue 24. 20th Street and 14th Avenue 25. 20th Street and Commerce Avenue (EB) 26. 21st Street and Indian River Boulevard 27. 23rd Street and U.S. 1 28. 26th Street and 43rd A venue 29. 26th Street and 58th Avenue 30. 26th Street and 66th A venue 31. 37th Street and Indian River Boulevard 32. 37th Street and U.S. 1 33. 38th Lane and U.S. 1 34, 41 st Street and U.S. 1 35. 4P1 Street and 43rd Avenue

Page 8 of 18 47




V. TRAFFIC CAMERAS (continued)

36. 41 st Street and 58th Avenue 37. 4ist Street and 66th Avenue 38. 4pt Street and Indian River Boulevard 39. 45th Street and 66th Avenue 40. 45th Street and Indian River Boulevard 41. 45th Street and U.S. 1 42. 45th Street and 43rd Avenue 43. 49th Street and 51 st Court 44. 53rd Street and 51 st Court 45. 53rd Street and U.S. 1 46. 53rd Street and Old Dixie Highway 47. 53rd Street and 24th Avenue 48. 57th Street and 58th Avenue 49. 57th Street and 66th Avenue 50. 69th Street and U.S. 1 51. 871h Street and CR 510 52. Aviation Boulevard and 27th Avenue 53. Barber Street and U.S. 1 54. CR 510 and SRAlA 55. CR 510 and U.S. 1 56. CR 510 and 66th Avenue 57. CR 510 and Treasure Coast Elementary School 58. CR 512 Eastbound and U.S. 1 59. CR 512 Westbound and U.S. 1 60. CR 512 and Easy Street 61. CR 512 and Roseland Road 62. CR 512 and CR 510 63. CR 512 and Sebastian River Middle School 64. CR 512 and 101 st Avenue 65. CR 512 and 108th Avenue 66. CR 512 and 130th Avenue 67. CR512 and Southbound I-95 68. Highland Drive and U.S. 1 69. Jackson Street and U.S. 1 70. Main Street and U.S. 1 71. Oslo Road and U.S. 1 72. Oslo Road and 20th A venue 73. Oslo Road and 27th A venue 74. Oslo Road and 43rd Avenue 75. Oslo Road and 58th Avenue

Page 9 of 18 48




V. TRAFFIC CAMERAS (continued)

76. Roseland Road and U.S. 1 77. Royal Palm Place and Indian River Boulevard 78. Schumann Drive and U.S. 1 79. Schumann Center and College Lane 80. SR 60 and 20th Avenue 81. SR60 and 27th Avenue 82. SR 60 and 43rd Avenue 83. SR 60 and 58th A venue 84. SR 60 and 66th Avenue 85. SR 60/Beachland Boulevard and Riverside Park Drive 86. SR 60/Merrill Barber Bridge and Indian River Boulevard 87. SR 60 Eastbound/20th Street and U.S. 1 88. SR 60 Westbound/20th Place and U.S.1 89. SR 60 and 74th Avenue 90. SR 60 and 82nd Avenue 91. SR 60 and 90th Avenue 92. SR 60 and I-95 (NB) 93. SR 60 and I-95 (SB) 94. SR60/20th Street and 6th Avenue 95. SR60/20th Street and Indian River Boulevard 96. Vista Royale Boulevard and U.S. 1 97. 17th Street and SRAtA 98. College Lane Water Tower 99. Hobart 77th Street Water Tower 100.Roseland Water Tower

NEW CAMERAS UNDER DESIGN OR CONSTRUCTION 101.45th Street and 58th Avenue

Page 10 of 18 49




VI. ATMS DATA COLLECTION MODULES (Permanent Count Stations)

ROADWAY BLOCK

1. SR60 8300 2. SR60 8000 3. SR60 6700 4. SR60 6500 5. SR60 5800 6. SR60 5500 7. SR60 4600 8. SR60 4000 9. SR60 2000

VII. SPEED LIMIT ZONES ON COLLECTOR/ARTERIAL ROADWAYS

ROADWAY FROM TO SPEED LIMIT(M.P.H.)

17th Lane SW 27th Avenue 20th Avenue 35 17th Lane SW 20th Avenue 6th Avenue 35

Oslo Road West End 8211d Avenue 35 Oslo Road 82nd Avenue 58th Avenue 55 Oslo Road 58th Avenue U.S.1 45 Oslo Road U.S.1 Indian River 35

5th Street SW 58th Avenue 43rd Avenue 45 5th Street SW 43rd Avenue 27th Avenue 35 5th Street SW 27th Avenue 20th Avenue 40 5th Street SW 20th Avenue 12th Avenue 35

1st Street SW 66th Avenue 58th Avenue 45 1st Street SW 43rd Avenue 27th Avenue 35 1st Street SW 27th Avenue 20th Avenue 45

1st Street Old Dixie Hwy U.S.1 35

2nd Street 20th Avenue Old Dixie Hwy 30

4th Street 74th Avenue 58th Avenue 35 4th Street 58th Avenue 43rd Avenue 45 4th Street 43rd Avenue U.S.1 35

Page 11 of 18 50




VII. SPEED LIMIT ZONES ON COLLECTOR/ARTERIAL ROADWAYS {continued)

ROADWAY FROM TO SPEED LIMIT(M.P.H.}

8th Street 90 th Avenue 82°d Avenue 45 8th Street 82nd Avenue 66th Avenue 40 8 th Street 66th Avenue 27th Avenue 45 8th Street 27th Avenue Old Dixie Hwy 40 8th Street Old Dixie Hwy I.R. Blvd 30

12th Street 82°d Avenue 74th Avenue 45 12th Street 66th Avenue 58th Avenue 35 12th Street 58th Avenue 43rd Avenue 40 12th Street 43 rd Avenue 20th Avenue 35 12th Street 20th Avenue Old Dixie Hwy 35 12th Street Old Dixie Hwy U.S. 1 30 12th Street U.S.1 6th Avenue 30 12th Street 6th Avenue I.R. Blvd 35

16th Street s2nd Avenue Pointe West Drive 45 16th Street Point West Drive 74th Avenue 35 16th Street 74th Avenue 66th Avenue 45 16th Street 58th Avenue 20th Avenue 30 16th Street 20th Avenue U.S.1 30 16th Street U.S.1 l.R. Blvd 45

College Lane 58th Avenue 66th Avenue 35

21st Street SW 27th Avenue 20th Avenue 45

26th Street 74th Avenue 66th Avenue 40 26th Street 66th Avenue 58th Avenue 40 26th Street 58th Avenue 43rd Avenue 35

33rd Street 66th Avenue 58th Avenue 40

37th Street U.S.1 I.R. Blvd 35

4P1 Street 66th Avenue U.S.1 35 4pt Street 58th Avenue 43rd Avenue 45 4P1 Street 43rd Avenue Old Dixie Hwy 35 4pt Street U.S.1 LR. Blvd 45

Page 12 of 18 51




VII. SPEED LIMIT ZONES ON COLLECTOR/ARTERIAL ROADWAYS (continued)


45th Street West end of pavement 66thAvenue 35 45th Street 66th Avenue 43rd Avenue 45 45th Street 43rd Avenue U.S. 1 35 45 th Street U.S.1 I.R. Blvd 45

49th Street 58th Avenue 33rd Avenue 45 49th Street 33rd Avenue U.S.1 30

53rd Street 58th Avenue U.S. 1 45 53rd Street U.S.1 I.R. Boulevard 45

57th Street 66th Avenue ss th Avenue 40

651h Street 66th Avenue Old Dixie Hwy 45 65 th Street Old Dixie Hwy U.S.1 40

69th Street 82nd Avenue Old Dixie Hwy 45 69 th Street Old Dixie Hwy East End 35

73rd Street Cemetery Road U.S.1 35

77th Street 74th Avenue U.S.1 45

CR510 CR512 500' E of Elem. School 45 CR510 500' E of Elem. School 661h Avenue 55 CR510 661h Avenue ssth Avenue 35 CR510 58 th Avenue U.S. 1 40

CR512 SR60 W Fellsmere City Limits 55 CR512 W Fell Cty Lmt E Fell Cty Lmt 30 CR512 E Fell Cty Lmt 1 Mile E of Fell 45 CR512 1 Mile E of Fellsmere W of 1-95 45 CR512 W of 1-95 tosth Avenue 45 CR512 108111 Avenue Sebastian Middle School 50 CR512 Sebastian Middle School CR510 45 CR512 CR510 Easy Street 45 CR512 Easy Street Indian River Drive 35

Page 13 of 18 51





ROADWAY FROM TO SPEED LIMIT(M.P .H.)

Roseland Road CR512 125th Place 45 Roseland Road 125th Place U.S.1 35 Roseland Road U.S.1 I.R. Drive 35

CR507 CR512 South Carolina 30 CR507 South Carolina North County Line 55

Willow Street 85th Street Fellsmere City Limits 45

s2nd Avenue Oslo Rd SR60 45 sind Avenue SR60 69th Street 35

74th Avenue 12 th Street 26th Street 45

66th Avenue Oslo Rd 16th Street 45 66th Avenue 16th Street SR60 45 66th Avenue SR60 33rd Street 45 66 th Avenue 33rd Street 49th Street 55 66th Avenue 49th Street 77th Street 55 66th Avenue 77th Street CR510 45 66th Avenue CR510 Sebastian City Limits 40

58th Avenue South County Line Atlantic Boulevard 45 58th Avenue Atlantic Blvd 26th Street 35 58th Avenue 26th St 200' South of 81 st St 45 58th Avenue 200' S of 81 st St CR510 35

43rd Avenue South County Line 13 th Street SW 55 43rd Avenue 13 th Street SW 5th Street SW 45 43rd Avenue 5th Street SW 4th Street 40 43rd Avenue 4th Street 2700 Block 35 43rd Avenue 2700 Block 4000 Block 45 43rd Avenue 4000 Block 49th Street 35

Page 14 of 18 53






27th Avenue South County Line 17th Street SW 50 27th Avenue 17th St SW Oslo Road 45 27th Avenue Oslo Road 14th Street 40 27th Avenue 14 th Street SR60 35

20th Avenue 25th Street SW 2ist Street SW 35 20th Avenue 21st Street SW 17th Lane SW 35 20th Avenue 17th Street SW Oslo Road 30 20th Avenue Oslo Road 1st Street SW 45 20th Avenue 1st Street SW SR60 35

Old Dixie Hwy South County Line 12th Street 40 Old Dixie Hwy 12th Street Seminole Avenue 35 Old Dixie Hwy Seminole Avenue 20th Street 30 Old Dixie Hwy U.S. l 49th St 35 Old Dixie Hwy 49th St 65th St 45 Old Dixie Hwy 651h St 69th St 40 Old Dixie Hwy 691h St CR510 45

I.R. Drive South U.S.1 Sebastian Cty Lmt 30 I.R. Drive Sebastian City Lmt North U.S. l 30 6th Avenue U.S. I 21 st Street 30

I.R. Boulevard U.S. I 37th Street 45 I.R. Boulevard 37th Street Grand Harbor Blvd 50 I.R. Boulevard Grand Harbor Blvd 53rd Street 45

NOTE: In accordance with Florida Department of Transportation speed zoning regulations, Florida Statutes Chapter 316, and nationally adopted traffic engineering practices (M. U.T.C.D. -Manual on Uniform Traffic Control Devices), the speed limit on County roadways shall be set as close as possible to the g5 th

percentile speed; that is, the speed which 85 percent of free-flowing vehicles are traveling at or below. In business and residential areas, the speed limit on paved roadways shall be posted at 30 miles per hour. All unpaved roadways shall remain unposted due to variable surface conditions.

Page 15 of 18 54




VIII. SCHOOL 20 M.P.H. SPEED LIMIT ZONES

SCHOOL LOCATION A.M. P.M.* HOURS HOURS

ELEMENTARY

BEACHLAND SR60 BEACHLAND BL VD 7:45-9:15 2:45-3:45

CITRUS 4TH STREET 7:45-9:15 2:45-3:45

27THAVENUE 7:45-9:15 2:45-3:45

DODGERTOWN 43RD AVENUE 7:45-9:15 2:45-3:45

FELLSMERE CR512 7:45-9:15 3:45-4:50

GLENDALE 8™STREET 7:45-9:15 2:45-3:45

HIGHLAND 6TH A VENUE SW 7:45-9:15 2:45-3:45

OSCEOLA MAGNET 18TH A VENUE SW 7:45-9:15 2:45-3:45

PELICAN ISLAND SCHUMANN DRIVE NIA NIA

ROSEWOOD 16TU STREET 7:45-9:15 2:45-3:45

SEBASTIAN CR512 7:45-9:15 2:45-3:45

ST.EDWARDS SRAlA 7:40-8:20 3:20-4:00

VERO BEACH 12rnSTREET 7:45-9:15 2:45-3:45

MIDDLE SCHOOLS

OSLO 20™ AVENUE SW 7:15-8:15 2:20-3:20

GIFFORD 45THSTREET 7:20-8:10 2:35-3:10

Page 16 of 18 55




VIII. SCHOOL 20 M.P.H. SPEED LIMIT ZONES (continued)

SCHOOL LOCATION A.M. P.M. HOURS HOURS

HIGH SCHOOL

VERO BEACH 16TH STREET NIA NIA

FRESHMAN CENTER 19THSTREET NIA NIA

WABASSO SCHOOL U.S.1 NIA NIA

Page 17 of 18 56




IX. TRAFFIC CALMING

ROADWAY 1. 50th A venue 2. 53rd Avenue 3. 30th A venue

FROM SR60 SR60 45th Street

TO 26th Street 26th Street 49th Street

CALMING DEVICE Speed Humps Speed Humps Speed Humps

INDIAN RIVER COUNTY TRAFFIC CALMING POLICY

To be considered for traffic calming measures, a County roadway must be a paved, straight and uncontrolled residential street at least one-half mile long, and exhibit the following characteristics. Uncontrolled is defined as containing no STOP signs, traffic signals or other traffic control devices. County arterials, collectors, and other thoroughfare plan roadways designed to promote traffic flow will not be considered.

Characteristics (street meets three or more of the following):

I. High speed - average vehicle speeds greater than 35 miles per hour

2. Heavy traffic - traffic volume greater than 1000 vehicles per day

3. Cut-thru traffic - greater than 50% cut-thru traffic

4. Crash history - pattern of traffic crashes that would be alleviated by traffic calming measures

5. Pedestrians - within one-mile proximity of school, park or recreation area with high pedestrian activity

Once a location has been determined by the Public Works Director to be eligible for traffic calming measures, one or more of the following measures may be applied:

1. Speed limit enforcement by appropriate law enforcement agency

2. 4-way STOP control if warrants are met as contained within the Manual On Uniform Traffic Control Devices

3. Speed humps

4. Roundabout, small traffic circles, chicanes or other geometric features to slow traffic, if adequate right-of-way is donated to the County

Prior to implementing #3 or #4 above, a petition demonstrating two-thirds (67%) neighborhood consensus must be received and verified.

Page 18 of 18 57

CONSENT

DATE:

TO:

THROUGH:

FROM:

SUBJECT:

BACKGROUND:

INDIAN RIVER COUNTY

OFFICE OF MANAGEMENT AND BUDGET

PURCHASING DIVISION.

February 2, 2016

BOARD OF COUNTY COMMISSIONERS ~

Joseph A. Baird, County Administrator Q )<'i' Jason Brown, Director, Office of Management and Budget ~.~

Jennifer Hyde, Purchasing Manage~

Approval of Sealed Bid Sale of 2606 52nd Avenue

'F

On March 3, 2015, the Board authorized the purchase of 2606 52nd Avenue to acquire right-of-way necessary for planned widening of 26th Street, as well as the subsequent sealed bid sale of the remaining parcel, including a single family residence, once the right-of-way take was completed.

In accordance with F.S. 125.35, advertisements announcing the sale appeared on January 24 and January 31, 2016. Two open houses were held to enable prospective buyers to examine the house. Five sealed bids were received and publicly opened on February 2, 2016 at 2:00 P.M. in the amounts of $128,200.00, $75,000.00, (two $75,000.00 bids were received), $67,200.00 and $55,250.00.

RECOMMENDATION: Staff recommends that the Board of County Commissioners ratify and accept the high bid of $128,200.00 submitted by Bluestar Financial Services, LLC. Staff further recommends the Board approve the attached Agreement to Purchase and Seti Real Estate and authorize the Chairman to execute the agreement. Finally, staff recommends the Board authorize the County Attorney's staff to prepare and execute any other necessary documents to complete the sale.

Funds in the amount of $195,000.00 were deducted from Traffic Impact Fees/District II/ROW 26t h Street, 43rd Ave to 66th Ave account #10215241-066120-06011 to acquire the parcel, and proceeds from this

sale will be returned to that account.

ATTACHMENTS: Agreement to Purchase and Sell Real Estate

APPROVED AGENDA ITEM


FOR: 9. ZJJlb

Indian River Co

Admin Legal

Budget

Department Risk Manager

58

AGREEMENT TO PURCHASE AND SELL REAL ESTATE

THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of February I , 2016, by and between Indian River County, ("County"), a political subdivision of the State of Florida, whose address is 1801 27th Street, Vero Beach, FL 32960; and \!)L\.;"'f ~-t't°\"R. ~1NAnc.1AL- -Serv Ice~-- LLc_ ,

·. (buye.R full name) _ . ~'"'I

~I jit, l)\Jefll-1 \I i;}Ifl GL\iO L'eJ?.,o ~~~ t- L ~d ,bu (buyer's address) (city) (state) (zip)

("Buyers"), who agree as follows:

1. Agreement to Purchase and Sell. The County hereby agrees to self to the Buyers, and the Buyers hereby agrees to purchase from County, upon the terms and conditions set forth in this Agreement, that certain parcel of real property located at 2606 52nd Avenue Vero Beach, FL 32966 and more specifically described on Exhibit "A" attached hereto and incorporated by reference, containing approximately 0.27 acres, and all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto (collectively, the "Property").

2. · Purchase Price, Effective Date. The £Urchase erice ~he "Purchase Price") for the Property shall be J ~ 8 , ~ 0 D , -c 00/00 Dollars

(written purchase price) 1

($ fl~ d 00.00). The Buyer has paid and the County acknowledges receipt of a cashier•s1 check in the amount of ten percent (10%) of the purchase price or --------------~----=-O=O/i-=-0=-0=D-=o.:.:;lla::..:r.-=-s ($ J ~ I 8 a D .00}.

(written purchase price)

that is currently being held in escrow by the County (Escrowed Funds). The balance of the Purchase Price shall be paid on the Closing Date. The Effective Date of this Agreement shall be the date upon which the County approves the execution of this Agreement, either by approval by the Indian River County Board of County Commissioners at a formal meeting of such Board or by the County Administrator pursuant to his delegated authority.

3. Title. County shall convey marketable title to the Property by County Deed free of claims, liens, easements and encumbrances of record or known to County; but subject to property taxes for the year of Closing and covenants, restrictions and public utility easements of record provided (a) there exists at Closing no violation of any of the foregoing; and (b) none of the foregoing prevents Buyer's intended use and development of the Property ("Permitted Exceptions").

4. Representations of the County.

4.1 County is indefeasibly seized of marketable, fee simple title to the Property, and is the sole owner of and has good right, title, and authority to convey and transfer the Property which is the subject matter of this Agreement, free and clear of all liens and encumbrances.

- I ~

59

4.2 From and after the Effective Date of this Agreement, County shall take no action which would impair or otherwise affect title to any portion of the Property, and shall record no documents in the Public Records which would affect title to the Property, without the prior written consent of the Buyers.

4.3 There are no existing or pending special assessments affecting the Property, which are or may be assessed by any governmental authority, water or sewer authority, school district, drainage district or any other special taxing district.

5. Default.

5.1 In the event the Buyers shall fail to perform any of its obligations hereunder, the County shall, at its sole option, be entitled to: (i) terminate this Agreement by written notice delivered to the Buyers at or prior to the Closing Date and thereupon retain the Escrowed Funds as liquidated damages. Neither the County nor any other person or party shall have any claim for specific performance, damages, or otherwise against the Buyers; or (ii) waive the Buyer's default and proceed to Closing.

5.2 In the event the County shall fail to perform any of its obligations hereunder, the Buyers shall, at its sole option, be entitled to terminate this Agreement by written notice delivered to the County at or prior to the Closing Date and thereupon neither the Buyers nor any other person or party shall have any claim for specific performance, damages or otherwise against the County; or (ii) waive the County's default and proceed to Closing.

6. Closing.

6.1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") shall take place within 30 days following the Effective Date of this Agreement. The parties agree that the Closing shall be as follows:

(a) The County shall execute and deliver to the Buyers a County Deed conveying marketable title to the Property, free and clear of all liens and encumbrances and in the condition required by paragraph 3.

(b) The County shall have removed all of its personal property and equipment from the Property and the County shall deliver possession of the Property to Buyers vacant and in the same or better condition that existed at the Effective Date hereof.

(c) If County is obligated to discharge any encumbrances at or prior to Closing and fails to do so, Buyers may use a portion of Purchase Price funds to satisfy the encumbrances.

(d) If the County is a non-resident alien or foreign entity, County shall deliver to the Buyers an affidavit, in a form acceptable to the Buyers, certifying that the County and any

- 2 -

60

interest holders are not subject to tax under the Foreign Investment and Real Property Tax Act of 1980.

(e) The County and the Buyers shall each deliver to the other such other documents or instruments as may reasonably be required to close this transaction.

6.2 Taxes. All taxes and special assessments which are a lien upon the property on or prior to the Closing Date (except current taxes which are not yet due and payable) shall be paid by the County.

7. Closing Costs; Expenses. Buyers shall be responsible for preparation of all Closing documents.

7 .1 Buyers shall pay the following expenses at Closing:

7.1.1 The cost of recording the warranty deed and any release or satisfaction obtained by County pursuant to this Agreement.

7.1.2 Documentary Stamps required to be affixed to the warranty deed.

7.1.3 All costs and premiums for the owner's marketability title insurance commitment and policy, if any.

7.1.4 Current taxes which are not yet due and payable

7 .2 County shall pay the following expenses at or prior to Closing:

7.2.1 All costs necessary to cure title defect(s) or encumbrances, other than the Permitted Exceptions, and to satisfy or release of record all existing mortgages, liens or encumbrances upon the Property.

8. Miscellaneous.

8.1 Controlling Law. This Agreement snall be construed and enforced in accordance with the laws of the State of Florida. Venue shall be in Indian River Buyers for all state court matters, and in the Southern District of Florida for all federal court matters.

8.2 Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to this transaction and supersedes all prior agreements, written or oral, between the County and the Buyers relating to the subject matter hereof. Any modification or amendment to this Agreement shall be effective only if in writing and executed by each of the parties.

8.3 Assignment and Binding Effect. Neither Buyers nor County may assign its rights and obligations under this Agreement without the prior written consent of the other party_

- J -

61

The terms hereof shall be binding upon and shall inure to the benefit of the parties hereto and their successors and assigns.

8.4 Notices. Any notice shall be deemed duly served if personally served or if mailed by certified mail, return receipt requested, or if sent via "overnight" courier service or facsimile transmission, as follows:

If to Buyers:

If to County:

buyer's full name: Address: City, State, Zip: Phone: Email:

Indian River County Attorney's Office 1801 27th Street Vero Beach, FL. 32960 Phone: 772-226-1426 [email protected]

Either party may change the information above by giving written notice of such change as provided in this paragraph.

8.5 Survival and Benefit. Except as otherwise expressly provided herein, each agreement, representation or warranty made in this Agreement by or on behalf of either party, or in any instruments delivered pursuant hereto or in connection herewith, shall survive the Closing Date and the consummation of the transaction provided for herein. The covenants, agreements and undertakings of each of the parties hereto are made solely for the benefit of, and may be relied on only by the other party hereto, its successors and assigns, and are not made for the benefit of, nor may they be relied upon, by any other person whatsoever.

8.6 Attorney's Fees and Costs. In any claim or controversy arising out of or relating to this Agreement, each party shall bear its own attorney's fees, costs, and expenses.

8. 7. Counterparts. This Agreement may be executed in two or more counterparts, each one of which shall constitute an original.

8.8. County Approval Required: This Agreement is subject to approval by the Indian River County Board of County Commissioners as set forth in paragraph 2.

9.0 Property is Being sold "Where Is, As Is" The County makes no guaranty or warranty as to the Property or any of its structures or their contents. The sale is not contingent upon buyer obtaining financing. T~le is not contingent upon a satisfactory inspection report. Buyer's Initials --=--~......,,,.-- Buyer's initials ___ _

• 4 •

61

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth above.

By: ~~ f>~UcR t1 H ~\L-l.taj !uflL.teR.

M-A tv~ \r\7' ;lte/J1~

By: M~v~ ':)-fe,l)d__ Print Name: • --------

Date Signed by Buyer: d-. \ ~ \ \ ~

~ ~~Ouw William K. DeBraal Deputy County Attorney

• 5 -

INDIAN RIVER COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS

By:------------Bob Solari, Chairman

Date BCC Approved:

Attest: Jeffrey R. Smith, Clerk of Court and Comptroller

By ___________ _

Deputy Clerk

63

ei'I ,la,.

[~X8 I BI j" "A"] LEGAL CESCRIPTION: REMAINDC::H_PARCEL

A PORTION OF LOT 1, BLOCK £3, OF DODGERTOWN SUBDIVISION RECORO(O IN PLAT BOOK 3, PAGE 49 or THE PUBLIC RECORDS or IN01AN RIVER COUNTY, FLORl~A. FlEING MORE PARTIC\.JLARLY DESCRIBED AS FOLLOWS:

COt,1.M(NCE AT THE SOUTHEAST CORNER OF LOT I, BLOCK 8, DOOGERTOWN SUBDIVISION AS RECOROE.D IN PLAT BOOK 3, PAGE 49 OF THE PUBLIC RECORDS OF INOIAN RIVER COUNTY, FLORIDA, SA!D POINT LYING ON THE EXISTING NOIHH RIGHl-OF--WAY LINE OF 26TH STREET (WALKER AV[NIJE). ANJ RUN N00'40' 47"£, ALONG TH( EAST LJNE OF SAID LOT 1, A DISTANCE OF 25.00 FEET TO THE POINT or BEGINNING;

THE:NCE RUN N89"41'34"W, ALONG A LINE 25.00 FFJT NORT:-1 OF ANO PARALl(L WITH, THE SOUTH UN[ OF SAIO LOT I . A DISTANCE Of. 97. 97 F'E£T TG A POINT LYING JO.oo fEET EAST or THE WEST UN[ or SAID LOT 1, SAIO LINE ALSO BEING TH[ EAST RIGHl -or -WAY LINE

OF 52ND AV[NI.J£ (70' RIGHT-Of" ·-WAY); THE:NCE RUN N44"30' l 1 "w A DISTANCE or 42.29 FEET 10 A POINT ON THE W[SI l IN[ Of SAID LOT l, ALSO ElE1NG THE EAST RIG/·iT-OF-WAY LINE OF 52ND AVENUE: THENCE RUN N00'41 'U''f. Al.ONG SAID RIGHT-OF-WM UNE, ANO THE WEST UNt OF SAID LOT l, f., DtSTANCE OF 65.23 FEET TO THE NORTHWEST CORNER OF SAID LO'f I ; THENCE RUN $89'.38'5.Y'[, ALONG THE NORTrl LINE OF SAID LOT l, A DISTANCL OF l 27.96 FEET TO THE NORl HEAST CORNER OF SAID LOl 1; THENCL RUN SOC"40' 4 7"w, ,\LONG THE EAST Llf~E OF SAID LOT 1, A DISTANCE OF 95. 13 n:ET TO THE POINT or BEGINNING.

CONTAINING l l 729.5 SQUARE FLET. MORE OR LESS. OR 0.27 ACRES.

NOl~S 1. THIS SKE,CH AND DESCRIPT10l~ !S :\OT VALID WITHOUT THE S!GNATURf AND ORIGINAL RAIS[D SEAL 0' TH[ Fl.OF/IDA REGISII l~[D SURVEYOR

AND MAPP[R ,'IAMED HE~EON 2. THIS SKETCH AND DESCRIPTIOI·, MEETS OR EXCEEDS ALL APPLICABLE R[QlJIRLMENTS or Tl•[ MtNIMUM TECHNICAL STANDAHDS AS ESTABUSttfD

!N CHAPTEff 5J- l 7, FLORIDA AL'MINiSTRATIVE CODE 3. THIS SKC:TCH AND DESCRIPTION DOES NOT REPRESE:NT A FIELD SURVEY. EXISTINC Pl~OPERTY CONDITl,)NS OR FEAlLIRES Af~ r NOl SHOWN.

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Date:

To:

From:

Prepared By:

Subject:

Consent Agenda Item

INDIAN RIVER COUNTY, FLORIDA DEPARTMENT OF UTILITY SERVICES

January 28, 2016


Vincent Burke, P.E., Director of Utility Services @ Arjuna Weragoda, P.E., Capital Projects Manager ACJ

45th Street Watermain Replacement- Change Order No.3.

DESCRIPTIONS AND CONDITIONS:

On July 7, 2015 the Board of County Commissioners (BCC) approved the award of Bid No. 2015040 in the amount of $1,306,877.14 to Sunshine Land Design, Inc., for the 45th Street Beautification Project. On December 1, 2015 the BCC approved Change Order No.1 and 2 for a total sum of $580,085.24. The subject project is administered by Public Works. Change Order No.l is to replace five (5) failing culverts crossing 45 th Street at various locations for an amount of $313,783.32 and Change Order No.2 was to replace the existing AC watermain for a lump sum amount of $266,301.92.

ANALYSIS:

The scope of work performed under Change Order No.2 did not include approximately 500-LF of AC pipe to the west of the termination. Given the age of the infrastructure, material type and that the existing main will be under the new pavement, it is pragmatic for the Department of Utility Services to have the existing AC main replaced with the current project. Furthermore, it is reasonable to have the new main (PVC/HOPE) installed away from the new roadway and landscape at this time with the same Contractor and minimize further interruption of service to our customers in this area. This addition will replace all of the existing AC watermain from 32nd Avenue west along 45th Street. There still remains approximately lS00~LF of AC main to the east that will need to be replaced at a later date. Also, part of the subject change order is to correct a deficiency at 29th Ct and 45th Street. Staff from the Department of Utility Services met with the Contractor performing the 45th Street beautification improvements and discussed our intentions and requested a price proposal. Sunshine Land Design, submitted a price proposal on January 27, 2016 for a lump sum amount of $46,387.63 to perform the above described work. The additional work may add fifteen (15) additional days to the contract. The contractor has stated that the additional work will not delay the culvert replacements but may delay the placement of the final lift of asphalt on the westbound lane.

FUNDING:

Funding for the 45th Street Watermain Replacement project is available in the Capital account in the Operating Fund. The Operating fund budget is derived from water and sewer revenues.

66

ACCOUNT NO:

Description Account Number Amount

45 th Street Watermain Replacement Project 471-169000-16503 $46,387.63

RECOMMENDATION:

Staff recommends the Board approve the additional funding for Change Order No. 03 in the amount of $46,387.63 to replace the existing AC watermain along 45th Street from the termination point approved in Change Order No.2 to approximately 40th Avenue and to approve an additional 15 days of contract time. The new total contract price will be $1,933,350.01. The new final completion date for the project will be May 9, 2016.

A TT ACHMENT(s):

1. Change Order No. 3 2. Sunshine Land Design, Inc., Proposal for IRC 45th Street AC Water Main Replacement

APPROVED FOR AGENDA:

z # 1_ _ ;: p:;;;;:d, County Administrator

Indian River Co.

Administration

Legal

Budget

Utilities

Utilities-Finance

Public Works

F:\Utilities\UTILITY - Engineering\ Projects - Utility Construction Permits\ lRC - 45th Street AC WM Replacement 33rd Av. to 40th Av\Admin\ 45th Street 67 Watermain Replacement Agenda for Change Order No.3.docx

SECTION 00942 - Change Order Form

DATE OF ISSUANCE: February 9. 2016

OWNER: Indian River County CONTRACTOR Sunshine Land Design. Inc.

No. ~

EFFECTIVE DATE: February 9. 2016

Project: Gifford Neighborhood 451h Street Beautification Project OWNER'S Project No. ·1506 OWNER'S Bid No. 2015040

You are directed to make the following changes in the Contract Documents: Description:

Replace existing asbestos concrete (AC) watermain along 45th Street from west terminus to 40th

Avenue.

Reason for Change Order: Given that the asbestos concrete (AC) main instal/ed in 1968 wilt be under the new pavement and in conflict with the proposed landscape, it is pragmatic to have the existing AC main replaced with

PVC/HOPE away from the new roadway and landscape at this time and minimize further interruption of service to our customers in this area.

Attachments: (Llst documents supporting change) Sunshine Land Design, Inc., Proposal for /RC 45th Street AC Water main Replacement Repair near 29th

Ct and West f.xtensfon v -·•;C- --,,., •-- •M;--, --.·- -·- ··:,&, · :,..;,.o~--- y·,•:= ··-·•att·•--··;l ·. ••~ --••.l'":-'---;·c.-.~ --.,-~~---,-.~« ! CHANGE IN CONTRACT l , 1 P' m ' E· ; 1 ~~:."1!':~ '.--;oo/,,--'-!»:..n,,·,--, _....,,.._,_.,.,.,_ ...;.,..__....._-w;;...,..·.;~-,_w ... , ~;:o,,. __ ,......,....,;_-:..::_ ~

i Oescriptkm i Amo,mt ) ~ 0 ,;, .. "''· (· -,~ ,, ~+ P·i "" , $"; -~n6 ?.77 ·1"; ;! ~ i ,gJn,._., 1~Ji1 1.., 3 ,_.~ . l ,(,.-G j · l , ·':'1~ , V , , • .. :1 ':",! 1 ~ ' ~ ~ ii j_ . I ; t-fet!n,:xease (Decrease) $530.D85 .24 I ,. ,.. ~ i nom prsvlotis Change i I Orders No. 'l &2 : L,:,

!l - -~ I Contra __ ct Pri~s prior to ti1is $1.886,962.38 'i

I Change Orce,: ~ j j !l Net increase (decrease) of i $46,387.63 '

this Change Order:

Contract Price with all approved Change Orders:

ACf§PTED: >r---..JL,,\--r

By:~~ CONTRACTOR (Signature)

Date: l / '::) / i ~ r I

$1.933,350.01

r C~!/\NGE iN CONTRACT (JMES 1~~-- ,

'-. ---y . ~ --~-~-..,/,.,._-----1 Description I Time ·

j · Origina\ Ccint::ac: Tim~:- . . . ·1 (clays or d<.1tes} ! Suos1antia1 ·c omore1.1on '!20 ~ _ Final Ccrnp!etion: r;· i50 ' f Net change_ from pi~ -Change . I Orders No. 1 &2 : fdavs'i i Substantial Com1:M:1ticn: .

1 1 4_ D

! flnal c ,.,molet on: . 1 ~ D i Contract Time prior to this Change ~ Order: (days or dates) ! ; Substant!al Ccmpletion: 230

Fi:,a! Compietior. : 260 Net increase (decrease) this Change Order:

Substantial Completion: Final Completion:

Contract Time with all approved Change Orders:

Substantial Completion: Final Completion:

APPROVED:

By:

(days or dates) 15 15

(days or dates) 245 275

OWNER (Signature)

Date:

00942 - Change Oider No.3.docx 00942 - 1

F:\UUlltles\UTILITY • Engineertng\Projects • Utilily Construction Permils\lRC • 45th S111181 AC WIIA Replacement 33<!1 Av. to 40th Av\Admin\00942 • Change Order No.3.docx Rev. 05/01

68

)r,··-)i~ft: ~ U n·> ) ~, . I ~· f· ~- t,/,·.~~~ .. ' . ' . ~ , -ti •l •::.,. .

< tr. ~:f/f:--~\ 1. I.' : • ,• : : .

. ,:::,q,}{t,'.f t.J\~D [1ESJ(}N PROPOSAL 3291 SE Lionel Terrace, Stuart, FL 34997 Phone: 772 283 2648 / Fax: 772 283 8944 www.SunshineLandDesign.com

TO: Arjuna Weragoda PROPOSAL DATE: Indian River County Utilities Mobile: (772) 226-1821 SUBMITTED BY: E-mail: [email protected]

ENGINEER: PLAN DATE:

JOB DESCRIPTION:

45th Street Beautification

Repair Near 29th and West Extension

JOB AS OUTLINED BELOW QIY UNITS

Repair Near 29th

1 Remove existing section of 8" AC Pipe / Crush in hole

2 Replace with 20ft 8" C-900 /w COUP

3 Install new 2" Tee (Horizontal}

4 Open Road Cut / Patch/ Connection / Flagman

Main Line extension to the West (40th street and north to hydrant)

1 8" C-900 main Line / WIRE / RESTRAINTS 520

2 6" C-900 main line /WIRE/ RESTRAINTS 140

3 8 "VALVE ASSEMBLY 1

4 8 x4" Tee (connection to existing)

5 8 x 8" Tee ( 40th Ave)

6 6" Tee and valve (unknown line)

7 Connection to Hydrant

LS

LS

EA

LS

LF

LF

EA

EA

EA

EA

EA

EA

ITEM$

$ 800.00

$ 1,360.00

$ 722.00

$ 3,500.00

SUBTOTAL:

$ 38.00

$ 34.00

$ 1,480.00

$ 650.00

$ 450.00

$ 1,387.57

$ 1, 139.00

$ 1,800.00

$

$

$

$

$

$ $ $

$

$

$

$

$ 8 Open Road Cut/ Patch/ connection/ Flagman

9 Abandon / Grout AC Lines LS $ 4,362.00 1 $

SUBTOTAL: $ TOTAL FOR EXSTENSION AND REPAIR: $

CONTIGENCY (10%) $

15 Days Extended to Contract PER PURCHASE ORDER !TOTAL: $

QUALIFICATIONS:

THIS PROPOSAL MAY BE SUBJECT TO CHANGE IF NOT ACCEPTED WITHIN THIRTY DAYS.

1/26/2016

TIM TAYLOR

ITEM COST

800.00

1,360.00

722.00

3,500.00

6,382.00

19,760.00

4,760.00

1,480.00

650.00

450.00

1,387.57

1,139.00

1,800.00

4,362.00

35,788.57

42,170.57

4,217,06

46,387.63

PAYMENTS NOT MADE PER THE ABOVE, SHALL BE SUBJECT TO ALL TERMS OF THE FLORIDA LIEN LAW. THIS INCLUDES ADDITIONAL INTEREST AND

REASONA BLE LEGAL FEES.

ACCEPTANCE SIGNATURE: ___________ ___ _ _______ ,DATE:. ______ _

TlYlllothtJ R TC!t:Jlor 1PREs IDENT DATE: 1/26/2016

CGC1518885/CUC1223792 Waterma in Repair Near 29th and Extension 1/27/2016 69

Date:

To:

From:

Prepared By:

Subject:

Consent Agenda Item

INDIAN RIVER COUNTY, FLORIDA DEPARTMENT OF UTILITY SERVICES

January 27, 2016

Joseph A. Baird, County Administrator ~

Vincent Burke, P.E., Director of Utility Services ~

Arjuna Weragoda, P.E., Capital Projects Manager Aeo

Final Pay to M&M for WO No.7- North Sebastian Sewer Design -Commercial Area of Phase 1


On October 21, 2014, the Indian River County Board of County Commissioners (BCC) approved Work Order No. 7 for a lump sum amount of $155,220.00 with Masteller and Moler, Inc. (M&M} to provide professional services for the design, permitting, preparation of construction plans for the North Sebastian Sewer and Water Main Design for the Commercial Area of Phase 1. On May 5, 2015 Work Order No.1 under the Extension and Amendment of the Continuing Services Contract Agreement for Professional Services with Masteller and Moler, Inc. dated November 4, 2014 to include Davis Street in the design was approved by the County Administrator for a total sum of $4,985.00.

ANALYSIS:

Now that the design, permitting, preparation of construction plans have been completed satisfactorily, M&M is requesting final payment. Payment in the amount of $1,352.70 as final pay will complete the County's obligation to the consultant.

FUNDING:

Funds for this project are derived from capital funding. Capital fund revenues are generated from impact fees. Furthermore, new growth has created the need for the expansion or construction of the facilities, and that new growth will benefit from the expansion or construction of the facilities.

Description Account No. Amount N. Sebastian Sewer - 472-169000-15501 $1,352.70 Commercial Area of Phase I

70

RECOMMENDATION:

Staff recommends the BCC approve Final Pay to Masteller and Moler, Inc., in the amount of $1,352.70.

ATTACHMENT(s):

Masteller and Moler, Inc., Invoice 1422LA-9 Gravity Sewer Project for North Sebastian.

APPROVED FOR AGENDA:

~ By: ~ fGi/T e:U:aird, Cou

;For:...£-~ 1, ,WJJ, ate

Indian River Co.

Administration

legal

Budget

Utilities

Utilities-Finance

F:\UtHities\UTILITY - Engineering\Projects · Utility Construction Permits\lRC - Sewer Feasibility Studies UCP # 4101\3 . North Sebastian (M&M)\Admin\Final Pay to W0.7 M&M.doc

71

..... t-.)

Masteller & Moler, Inc.

1655 2ih Street, Suite 2 Vero Beach, FL 32960 (772) 567-5300

Gravity Sewer Project for North County/Sebastian IRC Project Work Order #7

Invoice 1422LA-9

Proj Name: Gravity Sewer Project for Notth County/Sebastian IRC Project Work Order #7 Proj Code: 1422LA

Date: December 31, 2015

Mr. Arjuna Weragoda Indian River County Utility Department

1800 27th Street Vero Beach, FL 32960

Professional Engineering Services For the Billing Period November 1, 2015 to December 3 I , 2015:

L.JC~\.,I IIJl,.IUI I VI V VVI r'\ I VI l\,11 11 1¥'U '~~ I -·- I - -"-

.. .. _. ···-·· .. ·· ...... ~ . ··--. ·-··· ······-Task A Civil Engineering $128,320.00 $127,036.80 $1,283.20 $0.00

Task B Surveying Services $17,300.00 $17,300.00 $0.00 $0.00

TaskC Soils Engineering $4,600.00 $4,600.00 $0.00 $0.00

Reimbursables $5,000.00 $851.99 $ 69.50 $0.00

W0#1 Davis St Extension $4,985.00 $4,985.00 $0.00 $0.00

TOTAL AMOUNT DUE THIS INVOICE} $1,3s2.10 I

l,l IU.i(" ~OTICE (l'.\FORi\L\TlO, ,\I,)


MEMORANDUM

TO: Joseph A. Baird, County Administrator

DEPARTMENT HEAD CONCURRENCE

Stan Boling~ ommunity Development Director

THROUGH: Sasan Rohani, AICP; Chief, Long Range Planning ~ 4

/()C.,J_

FROM: Bill Schutt, AICP; Senior Economic Development Planner, Long-Range Planninll,S-,

DATE: January 28, 2016

SUBJECT: Notice of Scheduled Public Hearing for Upcoming Board Meeting

It is requested that the following information be given formal consideration by the Board of County Commissioners at its regular meeting of February 9, 2016.

DESCRIPTION AND CONDITIONS:

Please be advised that the following public hearing item has been scheduled for Board consideration:

March 1, 2016

MPM Seven, LP request to rezone ±12.39 acres located east of Old Dixie Highway, North of 77th Street and west of US Highway 1, from CL, Limited Commercial District, to CH, Heavy Commercial District; and request to rezone ±2. 79 acres located approximately 1,450 feet north of 77th Street, east of Old Dixie Highway and west of US Highway 1, from RMH-6, Residential Mobile Home District (up to 6 units/acre), to CL, Limited Commercial District. (RZON-2002090043-75772, Quasi-Judicial)

RECOMMENDATION:

The above referenced public hearing item is provided for the Board's information. No action is needed at this time.

F:\Community Development\Users\LONG RANGE\PNI\Pni80.doc

73

Indian River Co. Admin. Legal Budget De t. Risk Mgr.

F:\Community Development\Users\LONG RANGE\PNI\Pni80.doc 74

Indian River County Inter-Office Memorandum

Office of Management and Budget

To: Members of the Board of County Commissioners

Date: January 25, 2016

Subject:

From:

Background

Health Insurance Financial Update and Summary

Jason E. Brown - Director, Management & Budget

Departmental Matters

aving Options

Indian River County operates a self-insured health insurance program for employees and retirees of the Board of County Commissioners as well as the five (5) Constitutional Officers. County staff, with assistance from our broker (The Gehring Group), regularly monitors our claims experience and evaluates options to reduce and control costs going forward. Healthcare costs in the State of Florida have increased by about 9% per year. In order to manage these costs and avoid passing such increases on to the taxpayers each year, the County has made various plan changes aimed at reducing cost increases and sharing the burden of such costs between the employer and employees.

The County made plan adjustments in fiscal years 2005/06, 2006/07, 2007 /08, and 2009/1 O to manage these expenses. In recent years, however, two factors have prevented the County from making plan changes. First, the Affordable Care Act ("Obamacare") placed certain requirements on health insurance plans beginning on March 23, 2010. Any new plans must provide new benefits, such as certain preventative services and women's health initiatives, free of charge. Plans in existence prior to March 23, 2010 are considered "grandfathered" and do not have to comply with these requirements under Obamacare. If plan changes are made to an existing plan, however, it loses its "grandfathered" status. It has been estimated that the cost to fund these additional requirements is between 3% - 5% of total plan costs. The County's health insurance program is a "grandfathered" plan. In order to avoid the additional costs associated with the new requirements, the County has not made any plan changes since 2010. As an additional challenge, any plan changes that would save money now have to overcome the additional "Obamacare" costs. An additional consideration for the County has been the reluctance to shift significant healthcare costs to the employees in light of the fact that most received little or no wage increases for several years.

Through a combination of wellness programs, outreach, and good fortune, the County's healthcare costs experienced relatively modest cost increases for several years (see Table 1 below). Over the last two years, though, expenses have begun to increase substantially. The fund experienced reasonable surpluses for fiscal years 2008/09 through 2012/13. In fiscal year 2013/14, the fund experienced the first loss in recent history. During fiscal year 2014/15, claims expenses increased significantly, resulting in a substantial loss ($2.8 million - see Table 2). ln light of the increase and expected losses, staff presented some potential plan changes to the Board of County Commissioners on June 23, 2015. At that meeting, the Board directed staff to provide additional background and present various alternatives at a future date. This agenda item represents the first report, which includes the history and current status of the health plan along with a brief discussion of potential alternatives. Based upon feedback and direction received at this meeting, staff intends to provide more in-depth information on selected alternatives at a future meeting.

75

Board of County Commissioners Page 2 of 4 January 25, 2016

Table 1- Annual Healthcare Costs

Total Healthcare % Increase/ (Dec.) Fiscal Year Expenditures from Prior Year

2008/09 $13,681,578 n/a

2009/10 $14,208,908 3.9%

2010/11 $13,557,377 -4.6%

2011/12 $13,503,300 -0.3%

2012/13 $14,779,396 9.5%

2013/14 $16,290,083 10.2%

2014/15 $18,070,954 10.9%

201-5/16 {Proj.) ·$19,700,000 9.0% (proj.-)

Analysis and Funding

Table 1 above shows total healthcare expenditures from fiscal year 2008/09 through 2014/15, along with projected expenses for the current fiscal year (2015/16). Please note, staff has assumed a 9.0% inflation factor for the current fiscal year, which results in expected expenses of $19. 7 million with the current plan. Staff estimates that the health insurance fund will experience a shortfall in fiscal year 2015/16 of about $3.9 million with no change in funding rates (see Table 2 below).

Table 2- Health Insurance Fund Net Revenues/(Expenses)

Net Revenues( Fiscal Year (Expenses)

2008/09 $3,032,903

2009/10 $1 ,761,580

2010/11 $1,250,302

2011/12 $993,336

2012/13 $484,193

2013/14 ($1,375,479)

2014/15 ($2,763,295)

2015f16·tProj.) t$3,BOO;OOO)

76


Please see Table 3 below for the current funding rates for health insurance divided into the employer and employee portion for the County as well as local municipalities and surrounding counties. It should be noted that the table only shows monthly premiums for employee and employer, while coverage, co-pays, deductibles, out-of-pocket maximums and provider networks can vary significantly. These varying factors can make it difficult to arrive at a true "apples to apples" comparison, however, the table does illustrate the different premium amounts required by surrounding agencies for comparative purposes. In many cases, the employee premium for other agencies is significantly higher than the County rates.

Table 3- FY 2015/16 Monthly Health Insurance Contributions I I County & S d"n M n· · lities

-

Employee Onty Employee + Family Employee Employer Employee Employer

Agency, Premium Premium Premium Premium Comments Indian River

$0 $505 $218 $745 Blue Choice Countv Brevard County -

$46 $540 $233 $1,711 HRA Plan 1 Brevard County -

$35 $473 $179 $1,509 EPO Plan 2 Brevard County -

$85 $616 $385 $1,952 PPO Plan 3

St. Lucie County $38 $736 $136 $1,880 Blue Options

Martin County $119 $513 $299 $1 ,321 Blue Options

City of Sebastian $25 $489 $777 $740 Blue Options

City of Vero Beach $0 $581 $457 $1,371 Low Plan - Plan 1

City of Vero Beach $27 $581 $541 $1,371 Mid Plan . - Plan 2

City of Fellsmere $0 $497 $307 $799 Blue Options

Indian River $0 $593 $464 $1,418 Blue Options Shores

School Board of $108 $453 $583 $453 Blue Options IRC- Plan 1

School Board of $37 $453 $451 $453 Blue Options IRC- Plan 2

School Board of $0 $429 $339 $453 Blue Options IRC - Plan 3

Mosquito Control $49 $566 $374 $1,472 United

Dist. - Plan 1 Healthcare Mosquito Control

$0 $566 $227 $1 ,472 United Dist. - Plan 3 Healthcare

77


Summary and Conclusion

The total loss for fiscal year 2014/15 ($2,763,295) equates to $150/month per employee. Based upon the projected increase of 9.0%, the County's healthcare expenses are projected to reach $19.7 million in fiscal year 2015/16 (up $1.6 million). This increase will be partially offset by the $30/month increase in the employer premium approved by the Board for this year ($460,000 in additional revenue). Therefore, staff projects a loss of $3.9 million for fiscal year 2015/16. Without any changes, a premium increase of about $210/month would be needed to eliminate the shortfall.

There are essentially three ways to reduce the impact of the shortfall on the County-and resultantly, the taxpayer; 1.) shift costs to the employee, 2.) make efforts to reduce overall costs, or 3.) a combination of 1.) and 2.). Staff recommends that any measure to reduce the overall costs be taken prior to shifting costs to the employees. However, due to the magnitude of the shortfall , both measures will be needed to accomplish this task.

Please see a listing of potential cost-saving measures and adjustments that may be considered to make necessary changes to the County health plan:

1. Consumer-directed health plans 2. Basic plan design changes (multiple plan levels, co-pay, deductible increases, increased tiers) 3. Premium increases (employer and employee) 4. Employee Wellness Clinic 5. Wellness initiatives 6. Pharmacy Benefit Manager (PBM) 7. International Prescription Provider 8. Optional Supplemental Products (e.g. HRA's, HSA's, PEHP)

The solution will likely be a combination of several items listed above. Staff has presented several options that can be researched further and presented to the Board as a potential plan to ensure the longterm financial stability of the County health plan. It may be necessary to take a phased approach to implement multiple changes as well. This would afford additional time for the County to provide the necessary education and outreach to assist employees through the process.

Recommendation

Staff recommends that the Board of Commissioners provide direction to staff regarding which options should be explored further for a future presentation and recommendation to the Board.

Attachments

Health Insurance Premium Summary

APPROVED AGENDA ITEM:

~ BY: · j~yt}~ phA. Baird Y( County Administrator

~ . OR: February i, 2016

Indian River Count

Administrator

County Attorney

Budget

Department

Risk Management

78

HEALTH INSURANCE PREMIUMS SURVEY

Employee's Employer's Monthly Monthly

Agency Tier of Coverage Premium Premium Indian River County Employee Only $ - $ 505.00

Employee+ Dependents $ 217.50 $ 745.00 Brevard County - Plan 1 Employee Only $ 46.00 $ 540.00 HRA Employee+ Spouse $ 140.00 $ 1,236.00

Employee+ Children $ 112.00 $ 1,000.00 Employee+ Family $ 233.00 $ 1,711.00

Brevard County - Plan 2 Employee Only $ 35.00 $ 473.00 EPO Employee+ Spouse $ 108.00 $ 1,087.00

Employee+ Children $ 85.00 $ 879.00 Employee+ Family $ 179.00 $ 1,509.00

Brevard County - Plan 3 Employee Only $ 85.00 $ 616.00 PPO Employee+ Spouse $ 334.00 $ 1,389.00

Employee+ Children $ 265.00 $ 1,125.00 Employee+ Family $ 385.00 $ 1,952.00

City of Fellsmere Employee Only $ - $ 496.72 Employee+ Spouse $ 157.52 $ 671.55 Employee+ Children $ 107.40 $ 547.50 Employee+ Family $ 307.47 $ 798.54

City of Sebastian Employee Only $ 25.00 $ 489.30 Employee+ Spouse $ 507.16 $ 650.02

Employee+ Children $ 310.44 $ 584.44 Employee+ Family $ 777.16 $ 740.02

City of Vero Beach - Plan 1 Employee Only $ - $ 581.38 FX4 Low Plan Employee+ Spouse $ 321.64 $ 964.88

Employee+ Children $ 290.42 $ 871.26 Employee+ Family $ 456.92 $ 1,370.76

City of Vero Beach - Plan 2 Employee Only $ 26.80 $ 581.38 FXW Mid Plan Employee+ Spouse s 380.98 s 964.88

Employee + Children $ 344.00 $ 871.26 Employee+ Family $ 541.22 $ 1,370.76

Martin County Employee Only $ 119.36 $ 513.30 Employee+ Family $ 298.74 $ 1,320.83

Total

Premium

$ 505.00

$ 962.50

s 586.00

$ 1,376.00

$ 1,112.00

$ 1,944.00

$ 508.00

$ 1,195.00

$ 964.00

$ 1,688.00

$ 701.00

$ 1,723.00

$ 1,390.00

$ 2,337.00

$ 496.72

$ 829.07

$ 654.90

$ 1,106.01

s 514.30

$ 1,157.18

$ 894.88 $ 1,517.18

$ 581.38

$ 1,286.52

$ 1,161.68

$ 1,827.68

s 608.18

$ 1,345.86

$ 1,215.26

$ 1,911.98

$ 632.66

$ 1,619.57

Insurance Carrier

Blue Choice

Cigna & Health First

Summary attached

Blue Options

Summary attached

United Health Care

No Summary

United Health Care

Summary attached

United Health Care

Summary attached

Blue Options 03748

Summary attached

~ ....

Employee's

Monthly Agency Tier of Coverage Premium Mosquito District - Plan 1 Employee Only $ 49.30

Employee+ Spouse $ 236.22

Employee+ Children $ 187.44 Employee+ Family $ 374.36

Mosquito District - Plan 3 Employee Only $ -

Employee + Spouse $ 130.24

Employee+ Children $ 96.26 Employee+ Family $ 226.50

School Board of IRC - Plan 1 Employee Only $ 108.00

Employee + Spouse $ 475.00

Employee+ Children $ 456.00

Employee+ Family $ 583.00 School Board of IRC - Plan 2 Employee Only $ 37.00



Employee+ Family $ 451.00 School Board of IRC - Plan 3 Employee Only $ -



Employee+ Family $ 339.00 St. Lucie County Employee Only $ 38.26

Employee + One $ 111.59

Employee+ Family $ 136.41 Town of Indian River Shores Employee Only $ -



Employee+ Family $ 464.12 Health Insurance Premiums Survey 3 1/27 /16

Employer's

Monthly

Premium $ 566.22

$ 1,087.15

$ 951.27

$ 1,472.20

$ 566.23

$ 1,087.15

$ 951.27

$ 1,472.19

$ 453.00

$ 453.00

$ 453.00

$ 453.00

$ 453.00

$ 453.00

$ 453.00

$ 453.00

$ 429.00

$ 453.00

$ 453.00

$ 453.00

735.88

1254.38

1880.29

$ 592.74

$ 1,116.25

$ 926.58

$ 1,417.84

Total

Premium $ 615.52

$ 1,323.37

$ 1,138.71

$ 1,846.56

$ 566.23

$ 1,217.39

$ 1,047.53

$ 1,698.69

$ 561.00

$ 928.00

$ 909.00

$ 1,036.00

$ 490.00

$ 810.00

$ 794.00

$ 904.00

$ 429.00

$ 709.00

$ 695.00

$ 792.00

$ 774.14

$ 1,365.97

$ 2,016.70

$ 592.74

$ 1,410.73

$ 1,114.36

$ 1,881.96

Insurance Carrier United Health Care

Summary attached

United Health Care

Summary attached

Blue Options 5770

Summary attached

Blue Options 5772

Summary attached

Blue Options 5774

Summary attached

Blue Options

Summary attached

Blue Options 14005

Summary attached

= 00

DEPARTMENTAL MATTERS

Indian River County Inter-Office Memorandum

Office of Management and Budget

TO: Members of the Board of County Commissioners

DATE: January 21, 2016

SUBJECT: Quarterly Budget Report

FROM: Jason E. Brown Director, Office of Management & Budge

Attached is the staff report for the first quarter of fiscal year 2015/2016. Staff will make a presentation at the Board meeting.

ATTACHMENT

Quarterly Budget Report

APPROVED AGENDA ITEM:

BY: _________ _ JffV Joseph A. Baird l · County Administrator

FOR: Februaryf, 2016

Indian River Count

Administrator

Count Attorne

Bud et

De artment

Risk Mana ement

81

oc t-.)

Quarterly Budget Report - Budget to Actual Revenue Comparison FY 2015-2016 1st Qtr

001- GENERAL FUND Quarterly

Budget (25% of Percentage of Difference from

Account Description BUDGET Total) YTD Revenues Annual Budget 25% Comments/ Notes

$ 5 839 223 $11459 806 $3 8 7% $26 00 6 The county budgets ad va lorem taxes @ 95% collection. 001031 Taxes 4 , , , , 7,464,370 1. o , 4,5 4 Most are paid by Nov to receive the 4% discount

------• ----···• ··- -------·---- - --- --- ·- -·-- -·. -

Some grants received but not yet budgeted. l ag time in 001033 Intergovernmental $5,935,616 $1,483,904 $2,755,865 46.4% $1,271,961 . . /

1 2 h . d.

receiving 1 2 Cent Sa es Tax- mont s receive 1n quarter ~-~ ------------+-------+-- · ·· - --· ------+--·--·- -----·------- ·----,

Received up front payment from Sheriff for Resource 001034 Charges For Services $748,536 $187,134 $280,719 37.5% $93,585 ff f · --·······-·-----+-------, ------11----- - - --1t--------· ._ _______ 0 1cers payment ram Schools .. ------<

001035 Judgments.Fines & Forfeits $224,200 $56,050 $38,907 17.4% ($17,143) ···-··· ·-···------,--- ··· --- ----------

001036 Licenses $104,500 $26,125 $16,190 15.5% ($9,935} Lag time in receiving licenses ··-·-·- . . .,_,____ · ---- - ----,--- -·---- ---------·------,

001037 Interest $107,500 $26,875 $209 0.2% ($26,666) Interest earnings cont inue to decline

001038 Miscellaneous ·- · $4,119,818 $1,029,954 $1,296,136 31.5% $266,182 FPL disaster grant received but not yet budgeted · -

001039 Other_S.~u~~~;· .. $20,985,025 $5,246,256 ·~i~l32,963 18~7% ($1,313,293) Cash forward re~;rves budgeted, but not actual ·-

Grand Total $78,064,417 $19,516,104 $45,785,359 58.7% $26,269,255

004 MUNICIPAL SERVICE FUND Quarterly

Budget (25% of Percentage of Difference from Account Description BUDGET Total) YTD Revenues Annual Budget 25% Comments/ Notes

The county budgets ad valorem taxes @ 95% collection.

004031 Taxes $9,377,174 $2,344,293 $6,774,090 72.2% $4,429,797 Most are paid by Nov to receive 4% discount. MSTU

includes communications tax and business tax which

makes this % lower than other funds. ·--·- - ----- # -. - - -· ··- -

004032 Permits And Fees $8,627,900 $2,156,975 $1,709,509 19.8% ($447,466) Lag time in receiving franchise fee payments- 2 months

- · - - ·· ---- ·- -- . .. received in quarter

004033 Intergovernmental $5,790,606 $1,447,652 $1,187,084 20.5% ($260,568) Lag time in receiving 1/2 Cent Sales Tax- 2 months

-- ·-- received.~11.quarter . 004034 Charges For Services $643,625 $160,906 $138,048 21.4% ($22,858) Pool and recreation revenues increase in summer

·-· -- --· ·-· -- -·-· -- ···

004035 Judgments,Fines & Forfeits $137,750 $34,438 $39,990 29.0% $5,553 Code enforcement fines up ' -·· - ·-· . .. . -· - ...

004037 Interest $39,569 $9,892 $1 0.0% ($9,891) No interest earnings posted -- --·-- --~- .. --- - ·- -------

004038 Miscellaneous $10,925 $2,731 $2,347 21.5% ($384) - ·· - .. --~- - ... ·-· -·· -·· ·· - - ... -~--~ 004039 Other Sources $1,997,321 $499,330 $0 0.0% ($499,330) Cash forward reserves budgeted, but not actual

Grand Total $26,624,870 $6,656,217 $9,851,069 37.0% $3,194,852

oc ~

Quarterly Budget Report- Budget to Actual Revenue Comparison FY 2015-2016 1st Qtr

111 TRANSPORTATION FUND

Quarterly

Budget (25% of

Department Description BUDGET Total) YTD Revenues

111032 Permits And Fees $175,750 $43,938 $44,947 ---- ~-·~ ·-·

111033 Intergovernmental $2,552,627 $638,157 $405,404 .. ...

111034 Charges For Services $91,200 $22,800 $12,935 ... - . -

111037 Interest $32,000 $8,000 $3,450 - ·- ·

111038 Miscellaneous $417,525 $104,381 $14,615

- ·· -111039 Other Sources $11,147,201 $2,786,800 $2,299,946

Grand Total $14,416,303 $3,604,076 $2,781,297

114 EMERGENCY SERVICES DISTRICT

Quarterly

Budget (25% of

Department Description BUDGET Total) YTD Revenues

114031 Taxes $25,209,922 $6,302,481 $20,406,250 ~ - ·· · ·-·· .. ..

114033 Intergovernmental $45,125 $11,281 $37,124 .. - .

114034 Charges For Services $5,174,951 $1,293,738 $1,827,959 --~ ·-- ·-

114035 Judgments,Fines & Forfeits $11,400 $2,850 $700 . .. -· - -

114037 Interest $30,000 $7,500 $0 . ·- -

114038 Miscellaneous $37,820 $9,455 $1,360 . ..

114039 Other Sources $3,263,013 $815,753 $0

Grand Total $33,772,232 $8,443,058 $22,273,393

Grand Total - All Taxing funds $152,877,821 $38,219,455 $80,691,118

Percentage of Difference from

Annual Budget 25% Comments/ Notes

25.6% $1,010 Paving assessments entry completed at yearend

15.9% ($232,753) Grants budgeted but not yet received - · ---

14.2% ($9,865) - •.. -

10.8% ($4,550) Paving assessments interest charged here until yearend

.. - . . . entry .. ·--

3.5% ($89,766) Lag t ime receiving reimbursements from cities for traffic

maintenance, etc. reimbursements received at yearend. -.,.

··-20.6% ($486,854) Cash forward reserves budgeted, but not actual

19.3% ($822,779)



80.9% $14,103,770 The county budgets ad va lorem taxes @ 95% collection.

Most are paid by Nov. t o receive the 4% discount .. --

82.3% $25,843 Grant paid on advance basis ..

35.3% ..

$534,221 ALS revenues up significally from 1st qtr 2014-15 . ·- ·-

6.1% ($2,150) ·· -

0.0% ($7,500) No interest earnings posted ...

3.6% ($8,095) Lag t ime receiving reimbursements .. ···-

0.0% ($815,753) Cash forward reserves budgeted, but not actual

66.0% $13,830,335

52.8% $42,471,663

QC ,la,.

Quarterly Budget Report - Budget to Actual Expense Comparison FY 2015-2016 1st Qtr

001 - General Fund

REVISED Quarterly Budget

Department Description BUDGET (25% ofTotal) YTD Expenses

101 BCC Operations $947,907 $236,977 $289,028

102 County Attorney $1,829,154 $457,289 $195,887

103 Geographic Info Systems Dept $38,163 $9,541 $9,541

106 General Health $842,788 $210,697 $234,006

107 Communications/Emergency Svcs $510,917 $127,729 $110,549

109 Main Library $2,171,427 $542,857 $559,523

110 Agencies $2,007,287 $501,822 $1,170,045

111 Medicaid $1,016,073 $254,018 $127,459 112 North County Library $1,032,595 $258,149 $325,960 113 Brackett Family Library $253,706 $63,427 $68,738

114 Value Adjustment Board $68,450 $17,113 $15,900

118 Ind Riv Soil/Water Conservation $43,610 $10,903 $10,579 119 Law Library $73,350 $18,338 $21,215 128 Children's Services $851,965 $212,991 $176,883

137 Redevelopment Districts $161,294 $40,324 $159,094

199 Reserves $6,920,683 $1,730,171 $1,156,127

201 County Administrator $475, 134 $118, 784 $101,598 202 General Services $124,162 $31,041 $27,994 203 Human Resources $396,725 $99,181 $88,417

204 Planning And Development so $0 $705



External auditors' costs billed to BCC 30.5% $52,051 account upfront, then distributed t o

other departments.

10.7% ($261,401) Legal Services incurred rega rding All

Aboard Florida. 25.0% $0 GIS costs charged on a monthly basis.

27.8% $23,309 Lag time in New Horizon's monthly draw.

2 draws paid in first 3 months.

21.6% ($17,180) Maintenance contract payments due

later in the year.

25.8% $16,666

Community Transportation Coordinator

58.3% $668,223 expenses include grant funds that have

not been received, so are not yet budgeted.

12.5% ($126,559) Lag time in reim bursement submittals. 31.6% $67,812 Subscriptions paid up front for the yea r 27.1% $5,311

23.2% ($ 1,212) Expenses to be incurred later in the year.

24.3% ($324)

28.9% $2,877 20.8% ($36,108) Lag time in reim bursement submittals.

98.6% $118,770 CRA payments are due in full in

December.

16.7% ($574,044} Contingencies budget ed, but not

expended. 21.4% ($17,185) Lobbyist Services not yet expended. 22.5% ($3,047)

22.3% ($10,764)

n/ a $705 Budget Amendment pending for PACE

projects.

oc f.11

FY 2015-2016 1st Qtr

001 - General Fund

Department Description

206 Veterans Services

208 Emergency Management

210 Parks

211 Human Services

212 Agriculture Extension

216 Purchasing

220 Facilities Management

229 Management & Budget

237 FPL Grant

238 Emergency Mgmt Base Grant

241 Computer Services

246 Risk Management

250 County Animal Control

251 Mailroom/Switchboard

252 Environmental Control

300 Clerk Of Circuit Court

400 Tax Collector

500 Property Appraiser

600 Sheriff

700 Supervisor Of Elections

901 Circuit Court

2_Q3_~tate Attorney 904 Public Defender

907 Medical Examiner

Grand Total

REVISED

BUDGET

$248,075

$412,819

$2,148,922

$280,557

$139,212

$150,886

$3,163,078

$319,766

$101,975

$76,233

$274,128

$283,218

$523,733

$307,402

$7,033

$921,370

$1,265,104

$2,769,794

$43,204,962

$1,254,743

$26,722

$91,742

$3,354

$324,199

$78,064,417

Quarterly Budget

[25% of Total) YTD Expenses

$62,019 $55,092

$103,205 $121,406

$537,231 $431,971

$70,139 $35,796

$34,803 $26,144

$37,722 $35,534

$790,770 $734,814

$79,942 $75,398

$25,494 $14,086

$19,058 $25,415

$68,532 $68,532

$70,805 $0 $130,933 $141,857

$76,851 $44,615

$1,758 $221

$230,343 $305,902

$316,276 $2,689,353

$692,449 $1,007,629

$10,801,241 $14,194,233

$313,686 $567,126

$6,681 $0 $22,936 $25,679

$839 $291 $81,050 $81,050

$19,516,104 $Z5,531,39Z


Annual Budget 25% Com ments/Not es

22.2% ($6,927) Expenditures based on reimbursement.

29.4% $18,201 Some grants! o be "rolled over" to new

fiscal year.

20.1% ($105,260] Expenses to be incurred later in the year.

12.8% ($34,344) Billed quarterly for staff from Health

Dept. Not processed until January. 18.8% ($8,659) Quarterly billing not yet completed. 23.6% ($2,187)

23.2% ($55,955) Electric bills higher in the summer. 23.6% ($4,543)

13.8% ($11,408) Grant expenditures t o be incurred later

this year.

33.3% $6,357

25.0% $0 Computer Service costs charged on a

monthly basis.

0.0% ($70,805) Insurance charge done once a year. 27.1% $10,924

14.5% ($32,236) Maint. Contracts and postage to be paid later in the year.

3.1% ($1,537) Expenditures based on reimbursement

33.2% $75,559 November month ly draw recorded in

October. 4 draws paid in first 3 months.

Commission charged on Ad Va lo rem 212.6% $2,373,077 collections, most collected by December.

TC returns excess fees at year end.

36.4% $315,181 November monthly d raw recorded i n


32.9% $3,392,993 November monthly draw recorded in


45.2% $253,440 First draw is 25% of budget per Florida

Statutes. 0.0% ($6,681) Expenditures based on reimbursement . 28.0% $2,744 Expenditures based on reimbursement. 8.7% ($548) Expenditures based on reimbursement. 25.0% $0 Expenditures based on reimbursement.

32.7% $6,015,287

QC O'\

FY 2015-2016 1st Qtr

004 - M.S.T.U. Fund


2:_02 County Attorney

104 North County Aquatic Center

105 Gifford Aquatic Center

108 Recreation

115 Intergenerational Facility

116 Ocean Rescue

161 Shooting Range Operations

199 Reserves

204 Planning And Development

205 County Planning

207 Environmental Plan/Code Enforc

210 Parks

214 Roads And Bridges

234 Telecommunications

400 Tax Collector

Grand Total

REVISED

BUDGET

. --- -- --$50,000

$809,901

$364,732

$922,684

$150,000

$779,450

$410,996

$21,3Sl,321

$216,009

$846,711

$428,976

$98,768

$0

$115,322

$80,000

$26,624,870

Quarterly Budget

(25% of Total) YTD Expenses

$12,500 $22,248

$202,475 $124,161

$91,183 $61,633

$230,671 $198,320

$37,500 $0

$194,863 $189,709 $102,749 $107,414

$5,337,830 $5,202,397

$54,002 $49,168

$211,678 $164,683

$107,244 $80,171

$24,692 $20,653

$0 $145

$28,831 $22,532

$20,000 $131, 667

$6,656,218 $6,374,902



44.5% $9,748 FMPA/COVB Elect ric Costs

15.3% ($78,314) Seasonal operations at pool. Higher

expenses (t emp. employees) in summer.

16.9% ($29,550) Seasonal operations at pool. Higher

expenses (temp. employees) in summer.

Some seasonal operations (summer 21.5% ($32,351) camps) with higher expenses (temp.

employees) in summer.

0.0% ($37,500) Facility not yet completed.

24.3% ($5,154)

26.1% $4,665

24.4% ($135,433) Contingencies budgeted, but not expended. ·

22.8% ($4,834)

19.4% ($46,995) Insurance charges for fund done once

per year in January.

18.7% ($27,073)

20.9% ($4,039)

Budget costs to demolish structures

n/a $145 approved by BCC to be " rolled over" into

t he new year.

19.5% ($6,298) Expenses to be incurred later in t he year.

Commission charged on Ad Valorem

164.6% $111,667 collections, most collected by December.


23.9% ($281,316}

oc ~

FY 2015-2016 1st Qtr

111 - Transportation Fund


199 Reserves

214 Roads And Bridges

243 Public Works

244 County Engineering

245 Traffic Engineering

281 Stormwater

Grand Total

FY 2015-2016 1st Qtr

114 Emergent'," Services District -Department Description

Salaries

Benefit s

Operating

Capital Outlay

Grants and Aids

Other Uses

Grand Total

Grand Total - All Taxing Funds

REVISED Quarterly Budget BUDGET (25% of Total)

$1,792,224 $448,056

$7,247,872 $1,811,968

$286,692 $71,673

$1,972,975 $493,244

$2,516,709 $629,177

$599,831 $149,958

$14,416,303 $3,604,076

REVISED Quarterly Budget

BUDGET (25% ofTotal)

$16,993,668 $4,248,417

$8,082,343 $2,020,586

$4,550,515 $1,137,629

$2,659, 980 $664,995

$13,822 $3,456

$1,471,904 $367,976

$33,772,232 $8,443,058

$152,877,822 $38,219,456


YTD Expenses Annual Budget 25% Comments/ Notes

$216,275 12.1% ($231,781) Contingencies budgeted, but not

expended.

$1,508,276 20.8% ($303,692) Insurance charges for fund done once

per year in January. $59,846 20.9% ($11,827} FEC payment made later in year.

$431,177 21.9% ($62,067) Auto Insurance made later in year. $442,404 17.6% ($186,773) Lag time in elect ric bills.

Capital equipment purchases and $84,026 14.0% ($65,932) contractual services to be made later in

t he year.

$2,742,003 19.0% ($862,072)


YTD Expenses Annual Budget 25% Comments/ Notes

6.1 pay periods out of 26 were paid in $3,920,558 23.1% ($327,859) quarter. This is 23.5% of salaries rather

than 25%.

6.1 pay periods out of 26 were paid in $1,759,431 21.8% ($261,154) quarter. This is 23.5% of salaries rather

than 25%. $946,781 20.8% ($190,847)

$975,332 36.7% $310,337 Some capital items not yet purchased.

$13,821 100.0% $10,366 Payment to Division of Forestry made

once per year, done in October.

Commission charged on Ad Valorem $528,967 35.9% $160,991 collections, most collected by December.


$8,144,892 24.1% ($298,166)

$42,793,188 28.0¾ $4,573,733

QC 0C

Financial Indicators Snapshot - Dec 20.lS

Compared to Prior Year

Report

% Change I % Change Year-

Current Month to-Date

Revenues

Gas Tax (Fund 109) --

• 7.0% • 6.5%

Optional Sales Tax (Fund 315) ·----· --· .. - ---· ·--- --·- ··--

Half Cent Sales Tax

•-~!' -• 5.7% 7.2% --ft 7.7%

Traffic Impact Fees (Fund 102) . ·-···-···-

· ~~01.6~-~· 173.4%

Impact Fees (Fund 103) • 169.7% ----+--

Tourist Tax ---- 17.6%

Franchise Fees-TOTAL -3.7%

Recreatt0n Revenues

NCAC 2.9':l" • 81.3% ---- - -·· ···-·-

GAC -- - -·-

_ ~ - .:--~~-~~ ~ . - -21.5%

Recreation 199.3% . -1.8%

Profit & Loss

Building Dept.

Golf Course

Fleet ~ .

P" -10.6%

• n/a .. ;:----;;;-SWDD n/al ....,_ n/a

Shooting Range n/a

Compared to Budget

% Variance

Current

Month

% Variance

Year-to-Date

~--- 14-6% • 14.1%

. 13.6'6 • 13.3%

~ l0.2~ . • 8.3%

+-9u• _. 11~_.6% . 18Ji~ • 59.0%

. 252.4%1·::.;~ 77.9%

Comments

Up from last year and budget-price of gas has fallen-

increase in vo lume - ··- ·- ....

Thru Nov collections-trend is positive-YTD figures have

ex~eeded _pri~ year by $2~5!96q_

YTD figures have exceeded prior year by $96,133

Varies by month, however,significant annual increase

·- ·· -- ·--

Varies by month, howevef,significant annual increase

··· --

Tourist Ta,es have exceeded the budget by $81,442.

Overall Franchise Tax revenue of $1,851,523 vs

$1,922,083 from last year.

Pool closed for refurbish Nov 3- Dec 22- 2014 Revenues

coming back

Pool had additonal patrons last year due to NCAC closed -

South County Athletics up from last year

Increased staff and 3 pay per iods in Dec --··- - -····---Total Rounds are up 862 or 4.4% YTD. Net income of

$221,816 vs $222,526 from last year ··-·

Fleet YTD net income of $19,506 vs $27,437 from last

year

SWOD YTD net income of $7,287,965 vs $5,801,327

from las_t y~a_r ·- . ___ Shooting Range YTD net income of ($23,983) vs

$13,590 from last year

FY 2015/2016 BUDGET RECONCILIATION October 1, 2015 to December 31, 2015 Budget

I Approved Budget as of October 1, 2015

Fund Item Description

Grants Received 001 Sheriff/DOJ/SCMP Grant

Projects Carried Forward from FY 2014/15

001 001 001 001 001 001 103 103 103 111 111 111 114 114 114 114 114 140 315 315 315 315 315 315 471 471 471 471

Library Carpeting Parks/Other Machinery & Equip Facilities Mgmt/Maintenance-AC Facilities Mgmt/Other Improvements Except Bldgs Animal Control/Automotive Sheriff/Corrections Impact Fees/Parks/SC Intergenerational Facility Impact Fees/Law Enforcement Impact Fees/Corrections Road & Bridge/Other Machinery & Equip Engineering/Automotive Traffic Engineering/State Highway Signal Improvements Fire Rescue/Maint-Bldgs Fire Rescue/Maint-Heavy Equipment Fire Rescue/Operating Supplies/Modular Buildings Fire Rescue/Automotive Fire Rescue/Other Machinery & Equip Facilities Mgmt/Maint-Other Equipment Main Library/Air Conditioning Fire Rescue/Automotive Parks/Other lmpr. Except Buildings Parks/SC Intergenerational Facility Sheriff/Law Enforcement Sheriff/Corrections Wastewater Treatment/R&R General & Engineering/Misc Sewer R&R General & Engineering/Roseland Road Pump Wastewater Collection/R&R

Donations/Contributions 001 Donations/Library

Unbudgeted Items 001 Sheriff/Law Enforcement/SRO 001 Sheriff/Mental Health Court 126 Law Enforcement Trust Fund/Confiscated Properties 137 Traffic Education/lR School District 315 Park/M LK Park

Total - All Amendments

I Total Budget as of December 31, 2015

F:\Budget\Quarterly Budget Reports\Budget Amendment History

$ 21s,9ss,sos 1

Budget Amendment

45,022 4

45,022

62,184 53,778

3,774 86,162 24,930 15,480

738,339.00 89,177

90,935.00 3,186

26,135 76,613

1,085 30,597 10,063

1,485,469 61,824

7,494 5,580

1,211,102 87,889

221,646 200 ,000 241,456

16,410 7 ,697

19,688 12 ,988

4,891 ,681

22,618

22,618

35,590 202,410 137,652

21,650 160,000

557,302

5,516,623

$

2 2 2 2 2 3

2 3 3 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 2 2 2 2

4

4

7 1 5 4

2ss,51s,s31 1

89

Office of 13A

Attornry's Matters 02/09/16

INDIAN RIVER COUNTY ATTORNEY

Dylan Rcingold., County Attorney William K. DeBraaJ, Deputy County Attorney Kate Pingolt Cotner, Assistant County Attorney

MEMORANDUM

TO: Board of County Commissioners 1 AJ___

William K. DeBraal, Deputy County Attorney~L:,/

THROUGH: Chris Mora, Public Works Director ~ FROM:

DATE: February 3, 2016

SUBJECT: Acceptance of Oceanside Replat Subdivision Streets for Paving and Maintenance

In late 2014, the residents of Oceanside Replat Subdivision (Oceanside) approached staff concerning the future care and maintenance of the streets within their subdivision. Oceanside is located east of Highway A-1-A, south of Porpoise Point Subdivision and was replatted in 1979. The replat did not formally dedicate the streets and maintenance thereof to any entity, whether it be a homeowner's association or the public. The streets were constructed almost 40 years ago and will need to be repaved in the next few years. The residents of Oceanside met with staff to determine a method where funds could be collected from the owners and have the County repave the streets and then take over maintenance of the streets. The parties worked out an agreement whereby the County would establish a Municipal Services Benefit Unit (MSBU) to collect funds from the affected Oceanside residents for a period of five years to pay for the cost of repaving the streets in Oceanside. The Board of County Commissioners approved the MSBU at its meeting of July 14, 2015 and the first year of payments has been made to the tax collector for the MSBU. As part of the agreement, the County must now take over ownership and maintenance of the streets. Staff estimates that repaving the streets will cost approximately $70,000.

90

Oceanside Subdivision Street Acceptance February 3, 2016 Page 2

The face of the replat states the following concerning the future ownership of the streets:

"Treasure Coast Development, a general partnership, the Owner and Developer .... does hereby dedicate this plat of the subdivision of its lands as shown thereon as follows:

E. The easements for public utility and cable vision purposes, and the streets shown hereon as Captains Walk, Waltons Court, Sanford Court, Whispering Sands Lane and that part of Reef Road within this plat, for the use of the property owner's in this subdivision with the full knowledge that the same are not dedicated to the public until there is a formal acceptance of these streets and/or easements or any part thereof by the County Commission for Indian River County. Florida.

Unless specifically stated herein, no streets, alleys, easements, rights-ofway or public areas as shown on this plat shall be deemed to have been dedicated to the public." (emphasis added)

Therefore, in order formally accept the streets the Board will need to approve the attached resolution which states the following:

• Accepts the dedication of Captains Walk, Waltons Court, Sanford Court, Whispering Sands Lane and that part of Reef Road within the Oceanside Replat except for the landscaped areas in the cul-de-sacs and the unpaved right-of-way located west of Lot 1 adjacent to the ten foot walkway to the beach • Accept the dedication and perpetual maintenance obligation of the streets for the use and benefit of the public for proper purposes

No public hearing is needed for the County to accept the streets. After three or four years of collections have been made into the MSBU, staff will most likely put the project out for public bid.

Funding: Funds for the paving will be expensed from the revenues derived from the MSBU, expense account Oceanside Replat Street Paving/Paving Materials Acct # 17928081-035310.

Recommendation: Staff recommends the Board approve the attached resolution and authorize the Chairman to sign on behalf of the Board for recordation in the public records.

cc: Chris Mora, Public Works Director

91

RESOLUTION NO. 2016-__

A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, FORMALLY ACCEPTING THE DEDICATION OF STREETS SHOWN ON THE OCEANSIDE REPLAT SUBDIVISION PURSUANT TO CHAPTER 177, PART 1, FLORIDA STATUTES.

WHEREAS, Oceanside Replat Subdivision (Oceanside) was replatted as a

subdivision in 1979 and is located on the south barrier island in the unincorporated area

of the County; and

WHEREAS, at the time Oceanside was replatted, no formal property or

homeowner's association was created, thus the streets were not formally dedicated to

an entity for maintenance purposes but the replat declared them to be private; and

WHEREAS, the property owners residing in Oceanside have requested the

County to formally take over their streets and establish a mechanism to have the streets

repaved and for the County to assume maintenance of the streets; and

WHEREAS, on July 14, 2015, the Board of County Commissioners of Indian

River County approved Ordinance No. 2015-008 which established a Municipal

Services Benefit Unit (MSBU) that imposed a non ad valorem assessment on property

owners in Oceanside to pay for the cost of street repaving and maintenance that will be

performed by the County; and

WHEREAS, the MSBU will collect assessments from the Oceanside property

owners for five years and the County will use those funds to repave the Oceanside

streets; and

WHEREAS, the dedication on the Oceanside Replat states, in part, as follows:

''Treasure Coast Development, a general partnership, the Owner and Developer .... does hereby dedicate this plat of the subdivision of its lands as shown thereon as follows:

E. The easements for public utility and cable vision purposes, and the streets shown hereon as Captains Walk, Waltons Court, Sanford Court, Whispering Sands Lane and that part of Reef Road within this plat, for the use of the property owner's in this subdivision with the full knowledge that the same are not dedicated to the public until there is a formal acceptance of these streets and/or easements or any part thereof by the County Commission for Indian River County, Florida.

1 91


Unless specifically stated herein, no streets, alleys, easements, rights-ofway or public areas as shown on this plat shall be deemed to have been dedicated to the public." (emphasis added); and

WHEREAS, pursuant to Chapter 177, Part 1, Florida Statutes and the

dedications on the Oceanside Replat, the streets can be conveyed to the County by a

formal acceptance of the streets by the County Commission for Indian River County.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY

COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA as follows:

1. The Board of County Commissioners hereby formally accepts the

dedication of the following streets in Oceanside Replat Subdivision: Captains Walk,

Waltons Court, Sanford Court, Whispering Sands Lane and that part of Reef Road

within the Oceanside Replat recorded in Plat Book 10, Page 20 of the public records of

Indian River County, Florida except for the landscaped areas in the cul-de-sacs on

Waltons Court, Stafford Court and except for the unpaved right-of-way located west of

Lot 1 adjacent to the ten foot walkway to the beach. A copy of the Oceanside Replat is

attached to this resolution as Exhibit "A" and incorporated by reference herein.

2. Captains Walk, Waltons Court, Sanford Court, Whispering Sands Lane

and that part of Reef Road within this plat shown on this plat are hereby dedicated to

and shall be the perpetual maintenance obligation of Indian River County, Florida for

the use and benefit of the public for proper purposes.

3. Upon adoption, this resolution shall be recorded in the public records in

and for Indian River County.

The resolution was moved for adoption by Commissioner ___ , and the

motion was seconded by Commissioner ____ 1 and, upon being put to a vote, the

vote was as follows:

Chairman Bob Solari Vice Chairman Joseph E. Flescher Commissioner Wesley S. Davis Commissioner Peter D. O'Bryan Commissioner Tim Zorc

2 93


The Chairman thereupon declared the resolution duly passed and adopted this

9th day of February, 2016.

BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA

By _____________ _ Bob Solari, Chairman

ATTEST: Jeffrey R. Smith, Circuit Court Clerk and Comptroller

Approved:

JJJ&d By: __________ _ Deputy Clerk

Approved as to form and legal sufficiency /) ,J//J J/1/i, __ J< _(l;r/J, / William K. DeBraal Deputy County Attorney

'f) County Administrator

3 94

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.. ~ '1 j 1 __ _

1 JA.ur.-,., #._ ,, r

~---• I I ' · .. ~

Page 1 of I

H

---. ..

htto :/ /ori.indian-rivcr.on!I / //Document/GetDocumentF orPrintPN G/?request= A OAAAN CM ... 2/3/2016

95

TO:

DATE:

BCCAGENDA February 9, 2016

ITEM 14.A (1)



Members of the Board of County Commissioners

February 4, 2016

SUBJECT: All Aboard Florida - Expect Delays

FROM: Commissioner Bob Solari

The Fortress Investment Group and All Aboard Florida keep on saying that Brightline is coming, but, expect delays.

Thank you.

~

96

All Aboard Florida Will Arrive at the Station · ---·- - .

Epect Delays ~-- . - --- - - - -·-···-····· · ··- ----

-· '- ••·------------ ·--·· ---

Estimated Will Roll ----------- ~-···--

Date Publication __ _ Capital Cost Into Station ·-·- . ·- ----

-----·- --- -- ···· ----- -----3/22/12 FECI $1 billion "operational in 2014"

--· ·- ---- ·····---·-----

1/15/14 WSJ "expected to roll by late 2015" -----·· ~--- .- - . -

4/1/14 Press Journal "operating by early 2016" --- ----····•···- ·------ - ·-- ··- ··-

1/16/15 National Review $2.5 billion "fast and on time" - --·-·--------

6/15/15 Fortine $3 billion "Scheduled to roll 2017 ... " ·-·· . - ·-·

1/7/16 Bond Buyer $3.5 billion "beginning Brightline service in 2017"

Bob Solari Page 1 2/4/16 97

BCCAGENDA February 9, 2016

ITEM 14.B.1





SUBJECT: Fire Station and EMS Stations

FROM: Joseph E. Flescher, Vice Chairman

_____ c_o_m_m_i_ss_io_n_e_r,_•_is_t_ric_t_2 _________________ /J}) Request to initiate a discussion on the status of current fire stations and future fire and EMS coverage for Indian River County.

98

February 9, 2016 ITEM 14.D.1





SUBJECT: Update from FAC Legislative Conference

FROM: Peter O'Bryan Commissioner, District 4

99

Date:

To:

From:

INDIAN RIVER COUNTY

SOLID WASTE DISPOSAL DISTRICT

BOARD MEMORANDUM

January 14, 2016

/561.

Prepared By:

Joseph A. Baird, County Administrator .<ill Vincent Burke, P.E., Director of Utility Services ~

Himanshu H. Mehta, P .E., Managing Director, Solid Waste Disposal District 1:i-?\¾

Subject: Final Pay for CDM Smith CCNA 2014 Work Order No. 1 - 2015 Annual Permit

Compliance Monitoring & Reporting


On February 17, 2015, the Solid Waste Disposal District (SWDD) Board approved CCNA 2014 Work Order No. 1 to CDM Smith. to provide for Engineering Services with the 2015 Annual Permit Compliance Monitoring and Reporting. The authorization was executed with a not to exceed

budget of $119,030.00.

ANALYSIS:

CDM Smith has satisfactorily completed all the assignments described in the scope of work for a total invoiced amount, including the final invoice of $1,131.70. After final payment, the total amount paid to COM Smith will be at the cost of $119,030.00. Attached is CDM Smith's letter

report describing in more details the services provided under each task.

FUNDING:

Funding for this work is budgeted and available in the Engineering Services account number which

is funded from SWDD assessments and user fees.

ACCOUNT NO.:

Description Account Number Amount

Engineering Services 41121734-033130 $1,131.70

RECOMMENDATION:

SWDD staff recommends that its Board approve CDM Smith's final invoice amount of $1,131.70.

ATTACHMENT(s):

1. CDM Smith Project Completion Report & Final Invoice

SWDD Agenda - Final Pay CDM Smith CCNA 2014 WO No 1 - 2015 Annual Permit Compliance Monitoring & Reporting

Page 1 of 2

100

APPROVED FOR AGENDA: Indian River Co.

Administration -Joseph A. Baird, County Administrator Legal

·,~ -:f ,:;:Jt!J/# Date

Budget

SWDD

SWDO -Finance

SWDD Agenda - Final Pay CDM Smith CCNA 2014 WO No 1 - 2015 Annual Permit Compliance Monitoring & Reporting

Page 2 of 2

101

CD""th Sml 621 N.W. 53rd Street, Suite 265 Boca Raton, Florida 33487 Tel: 561 571 -3800

INDIAN RIVER COUNTY FLORIDA MR. HIMANSHU H. MEHTA MANAGING DIRECTOR OF SOLID WASTE DISPOSAL DISTRICT 1325 74TH AVENUE S. W. VERO BEACH, FLORIDA 32968

Amount Due [ __ =.__,_$I_,_l_Jl_._70_~_-__,J, This Invoice: _ __ _

Please Remit To:

CDMSMITH P.O BOX 100902 ATLANTA, GEORGIA 30384-0902

DECEMBER 31, 2015

INVOICE NUMBER: 80542129/11 PROJECT NUMBER: 108145 PAYMENT REQUEST NO. 11

PLEASE INCLUDE INVOICE NUMBER ON ALL CORRESPONDENCE

In accordance with the Continuing Contract Agreement for Professional Services, dated December 6, 20 I I, Extension and Amendment of Continuing Contract Agreement for Professional Services, dated November 4, 2014 and CCNA 2014 Work Order No. I , dated February 17, 2015 between Indian River County and CDM Smith Inc., we are rendering the following invoice for Professional Engineering Services as described below:

RE: 2015 PERMIT COMPLIANCE MONITORJNG & REPORTING -Services from December 1, 2015 through December 31, 2015 - FINAL INVOICE

TASK 1 - PROJECT MANAGEMENT/QUALITY

Contract Amount $

Lu.mp Sum Amount: $

Percent Complete:

Billed ITD: $

Less Previously Invoiced: $

Amount Due: $

TASK 2- WATER QUALITY SEMI-ANNUAL REPORTING

Contract Amount: $

Lump Sum Amount: $

Percent Complete:

Billed ITD: $


Amount Due: $

20,620_00

20,620.00

100.00%

20,620.00

19,589.00

1,031.00

41,870.00

41,870.00

100.00%

4 1,870.00

41 ,870.00

0.00

J

10.2

CDMth Sm1 -

INDIAN RIVER COUNTY FLORIDA MR. HIMANSHU H. MEHTA MANAGrNG DIRECTOR OF SOLID WASTE DISPOSAL DISTRICT 1325 74TH AVENUE S.W. VERO BEACH, FLORIDA 32968

ATmh.oulnt Due L $1,131. 70 1s nvoice: .,~ ___ ___ _ ...,.

Please Remit To:

COM SMITH P O. BOX 100902 ATLANTA, GEORGIA 30384-0902

DECEMBER 31, 2015

INVOICE NUMBER: 80542129/11 PROJECT NUMBER: 1081~-5 PAYMENT REQUEST NO. ll


TASK 3 - MPIS TECHNICAL REPORTiNG

Contract Amount: $

Lump Sum Amount: $

Percent Complete:

Billed !TD: $


Amount Due: $

TASK 4 - TITLE V REPORTING

Contract Amount: $

Lump Sum Amount: $

Percent Complete:

Billed ITO: $


Amount Due: $

TASK 5 - GENERAL TECHNICAL ASSISTANCE

Contract t\;r;',ount $

Lump Swn Amount: $

Percent Complete:

Billed ITD: $


Amount Due: $

30,160.00

30,160.00

100.00%

30,160.00

30,160.00

0.00

16,310.00

16,310.00

100.00%

16,310.00

16,310.00

0.00

10,070.00

10,070.00

100.00%

10,070.00

9,969.30

100.70

10.3

CDIV!th Sml

INDIAN RIVER COUNTY FLORIDA MR. HIMANSHU H. MEHTA MANAGING DIRECTOR OF SOLID WASTE DISPOSAL DISTRICT 1325 74TH A VENUE S. W. VERO BEACH, FLORIDA 32968

Amount Due This Invoice: $1,131.70 J

Please Remit To:

CDMSMITH P.O. BOX 100902 ATLANTA, GEORGIA 30384-0902

DECEMBER 31, 2015

INVOICE NUMBER: 80542129/11 PROJECT NUMBER: 108145 PAYMENT REQUEST NO. 11


Total: $

Contract Amount: $

Lump Swn Amount: $

Percent Complete:

Billed ITD: $


Amount Due: $

1,131.70

I 19,030.00

119,030.00

100.00%

119,030.00

l 17,898.30

1,131.70

3

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_ I j -

C.DMth Sml . -1701 Highway A-1-A, Suite 301

Vero Beach, Florida 32963

tel: 772-231-4301

fax: 772-231-4332

December 31, 2015

Mr. Himanshu H. Mehta, P.E. Managing Director Indian River County Solid Waste Disposal District 1325 74th Avenue SW Vero Beach, Florida 32968

Subject: Indian River County Solid Waste Disposal District 20'.LS Annual Permit Compliance and Monitoring Finc1l Invoice

Dear Mr. Mehta:

Transmitted herewith is a project completion report for the above reference project. This work was completed in accordance with the Continuing Contract Agreement for Professional Services between Indian River County (IRC) Solid Waste Disposal District (SWDD) and CDM Smith Inc. (CDM Smith), dated December 6, 2011 and extended on November 4th, 2014, under Work Order No. CCNA2014-WQ No.1 dated February 17, 2015. This project completion report is to serve as additional information to the final invoice (Invoice No. 80542129/11).

IRC SWDD is required to perform environmental compliance monitoring and reporting for water and air quality in accordance with the IRC Landfill's operating permits. During calendar year 2015, IRC SWDD was required to submit semi-annual reports of groundwater and surface water quality at the IRC Landfill to the Florida Department of Environmental Protection (FD EP) in accordance with Chapter 62-701.510, F.A.C. and the Monitoring Plan Implementation Schedule (MPIS) Permit Nos. SC31-0128769-019 and S031-0128769-020 as modified by Florida Department of Environmental Protection (FDEP) correspondence regarding the permit renewal application for the Construction and Debris landfill at the !RC facility entitled "Second Request for Additional Information, Permit Renewal Application S031-0128769-021" dated July 5, 2012 and the response by CDM Smith on behalf of IRC dated July 16, 2012. The requirement for leachate sampling and analyses was removed when Chapter 62-701, F.A.C. was revised in August 2012.

The IRC Landfill operates under a Title V Air Operation Permit (Permit No. 0610015-004-AV), which was issued on July 16, 2012, that contains monitoring and reporting requirements related to the landfill gas collection and control system. IRC SWDD is required to prepare and submit the following to FDEP and the U.S. Environmental Protection Agency (USEPA), Region 4:

0

WATER+ ENVIRONMENT+ TRANSPORTATION+ ENERGY + FACILITIES Ii 05

l ---·1 . . .

'. CDMt-h Sm1 Mr, Flimanshu H. Mehta, P.E. December 31, 2015

Page 2

!'ii Annual Statement of Compliance,

• Annual Operating Report,

• Annual Emission Fee,

• Visible Emissions Test.

IRC SWDD is also required to perform miscellaneous sampling and monitoring activities in compliance with the solid waste operations permit and the Multi-Sector Generic Permit (MSGP) for stormwater discharge.

This project included providing the required permit compliance and monitoring services under the following tasks:

ll Task 1.0 - Project Quality Management

• Task 2. 0 - Semi-Annual Water Quality Sampling and Reporting

• Task 3.0 - Water Quality Technical Report

• Task 4.0 - Title V Reporting Permit Compliance and Reporting

• Task 5. 0 - General Technical and Miscellaneous Permit Compliance Assistance

TASK 1.0 - PROJECT QUALITY MANAGEMENT

Activities performed under this task consisted of those generally administrative functions required to assure that the project remained on schedule, within budget, and that the quality of the work products defined within this scope was consistent with CDM Smith's standards and IRC SWDD's expectations.

CDM Smith coordinated with IRC SWDD staff for project planning. Preparation of invoices and project administration was also performed under this task.

TASK 2.0 -SEMI-ANNUAL WATER QUALITY SAMPLING AND REPORTING

Under this task, CDM Smith assisted IRC SWDD with the semi-annual water quality sampling, monitoring, and reporting in accordance with Chapter 62-701.510, F.A.C. The January 2015 and July 2015 sampling events were conducted in accordance with the March 7, 2011 MPJS, as modified by Florida Department of Environmental Protection (FDEP) correspondence regarding the permit renewal application for the Construction and Debris landfill at the IRC facility entitled "Second

li178B.docx 106

~.J,

'CDMt. h· Sml Mr. Himanshu H. Mehta, P.E. December 31, 2015

Page 3

Request for Additional Information, Permit Renewal Application S031-0128769-021" dated July 5, 2012 and the response by COM Smith on behalf of IRC dated July 16, 2012.

COM Smith contracted with Ideal Tech Service Inc. (ITS) to perform the groundwater, surface water, and leachate sampling. COM Smith/ITS performed the January 2015 and July 2015 semiannual sampling of the Class I and construction and demolition (C&D) debris landfill groundwater monitor wells for the list of semi-annual groundwater parameters of the MPIS.

COM Smith/ITS collected water level data for the groundwater monitor wells and staff gauges prior to the sampling events. COM Smith/ITS also performed the 2015 semi-annual (January and July) sampling of the six surface water sites for analysis of the list of semi-annual surface water parameters.

COM Smith assisted IRC SWOO in coordinating the analytical testing activities with IRC's laboratory (Environmental Conservation Laboratories), notified FDEP prior to sampling as required by the MPIS, reviewed and evaluated the analytical test results, and prepared the semi-annual reports. The January 2015 Water Quality Sampling Event report was submitted to FOEP on March 24, 2015 and the July 2015 Water Quality Sampling Event report was submitted to FDEP on September 23, 2014.

TASK 3.0 -WATER QUALITY SAMPLING AND REPORTING

Under this task, COM Smith prepared and submitting a technical report in accordance with the MPIS and Chapter 62-701.510(9)(b), FAC, and Paragraph 35 of the current Monitoring Plan Implementation Schedule, which was revised on March 7, 2011. The final report was submitted to FDEP on May 28, 2015. The report was based on laboratory data received from IRC SWOD for the July 2012, January 2013, July 2013, January 2014, July 2014, and January 2015 semi-annual monitoring events. This report is required every 2.5 years during the active life of the facility. The report included:

1. Tabular displays of any data which shows that a monitoring parameter has been detected, and graphical displays of any leachate key indicator parameters detected (such as pH, specific conductance, Total Dissolved Solids (TOS), TOC, sulfate, chloride, sodium and iron), including hydrograph for all monitor wells;

2. Trend analyses of any monitoring parameters consistently detected;

3. Comparisons among shallow, middle, and deep zone wells;

4. Comparisons between background water quality and the water quality in detection and compliance wells;

S. Correlations between related parameters such as total dissolved solids and specific conductance;

6. Discussion of erratic and/ or poorly correlated data;

107

I 'CDM·.th sm, · ·

Mt, Himanshu H. Mehta, P.E, December 31, 2015

Page4

7. An interpretation of the ground water contour maps, including an evaluation of ground water flow rates; and

8. An evaluation of the adequacy of the water quality monitoring frequency and sampling locations based upon site conditions.

TASK 4,0 - TITLE V PERMIT COMPLIANCE AND REPORTING

The Title V Air Operation Permit (Permit No. 0610015-004-AV) for the lRC Landfill contains monitoring and reporting requirements related to the landfill gas collection and control system. In accordance with the Title V permit, CDM Smith assisted IRC SWDD, as described below, in fulfilling all air permit requirements and conditions within the required regulatory timeframes.

Statement of Compliance

COM Smith prepared and submitted the Statement of Compliance for the reporting period of January through December of 2014 for the IRC Landfill to FDEP on February 27, 2015 in accordance with Rule 62-213.440(3)(a)[2), F.A.C.

Annual Operating Report

COM Smith prepared and submitted the Electronic Annual Operating Reports for the 2014 reporting year for the IRC Landfill to FDEP on March 26, 2015.

Annual Emissions Fee

COM Smith prepared and submitted the Title V Fee Holiday Discount Forms for the 2012 calendar year emissions to FDEP on March 31, 2015.

Visible Emissions Testing

CDM Smith contracted with TRC Environmental Corporation to perform the 2015 annual visible emissions tests in order to determine the opacity of the flare. The 2015 visible emissions test was performed on Apr il 17, 2015 and submitted to FDEP on May 28, 2015.

TASK 4.0 - GENERAL TECHNICAL AND MISCELLANEOUS PERMIT COMPLIANCE ASSISTANCE

CDM Smith provided genera l technica l and permit compliance assistance to IRC SWDD staff on an as needed basis. Under this task, COM Smith performed quarterly monitoring of the landfill gas migration monitoring wells located at the !RC Landfill site boundary, as well as enclosed structures located on site, and submitted reports of the results to FDEP. The reports were submitted to FDEP on April 6, 2015, June 19, 2015, October 1, 2015, and December 16, 2015.

108

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T..fflth Mr. Himanshu H. Mehta, P.E. December 31, 2015

Page 5

CDM Smith provided general technical assistance with regard to the Multi-Sector Generic Permit (MSGP) for stormwater discharge. CDM Smith prepared and submitted a Notice of Intent to use the MSGP for discharge of stormwater from the IRC Landfill, which renewed the permit through May 6, 2020.

CDM Smith prepared and submitted a letter report documenting the abandonment of several wells that are no longer part of the monitoring program. The letter report was submitted to FDEP on September 23, 2015.

CDM Smith also provided information requested by FDEP t o support the issuance of the new Water Quality Monitoring Plan included in the new Solid Waste Con.stn1ct\on/ Opernt iM Permit. CDM Smith provided reviewed and provided comments on the draft Water Quality Monitoring Plan the draft copy of new Solid Waste Construction/Operation Permit.

CDM Smith appreciates the opportunity to provide these services to IRC. If you have any questions or require additional information on the above project, please contact me.

Sincerely,

Kevin N. Vann, P.E., BCEE Principal Environmental Engineer CDM Smith Inc.

KNV/jj File: PWJ(M:1_6706-108145.02.01

ill788.dacx

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