On the agenda

1. 1Call to Order - Roll Call▶ 0:00
2. 2.a

   July 15, 2025 CRA Meeting Minutes

   Board briefly discussed procedures for excused absences, referencing the city charter's mechanism for handling absences. No action was taken on the minutes within this transcript excerpt.

   #City Charter - excused absences

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   [00:00:36] done it before, I would assume. [00:00:37] You all contact the city clerk and provide that information. [00:00:39] Yeah, but I didn't know he was excused. [00:00:41] I mean, I didn't know it's, it just, you're automatically excused if you tell people. [00:00:45] Well, I think unless you all decide that it's not a valid excused, it's sort of treated [00:00:52] as an excused absence. [00:00:54] But there are, but the charter does provide a mechanism for all of this, so it's in the [00:00:58] charter. [00:00:59] Gives all the duties to the city clerk, right? [00:01:02] No. [00:01:03] I'm just kidding. [00:01:04] No. [00:01:05] It doesn't say that. [00:01:06] You know, how, you know, how's this handled? [00:01:11] I don't remember exactly what the charter says about how many you can miss. [00:01:16] So I can get back to you on that if you'd like, but that's something you're concerned [00:01:18] about. [00:01:19] Yeah, yeah. [00:01:20] I mean, it just, you know, seems like it's a regular thing. [00:01:22] I mean, 11 years or whatever, and I think I missed one, and I zoomed the one in, well,

   This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.

3. 3.a

   Purchases/Payments for CRA Board Approval

   approvedon consent

   The CRA Board approved the consent agenda for purchases/payments. The motion was made and seconded, and passed on a voice vote.

   • motion:Approval of the consent agenda for purchases/payments for the CRA Board. (passed)

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   [00:01:29] verbally, not pictures. [00:01:30] I got you down for three. [00:01:31] Okay, three. [00:01:32] I'll go along with that. [00:01:33] Whatever. [00:01:34] So, approval of the minutes for the June 15th, 2025 CRA minute meetings. [00:01:35] I would do approve. [00:01:36] Okay. [00:01:38] So, approval of the minutes for the June 15th, 2025 CRA minute meetings. [00:01:44] I would do approve. [00:01:45] Second. [00:01:46] All in favor, say aye. [00:01:47] Aye. [00:01:48] Aye. [00:01:49] The consent agenda versus payments, the CRA board. [00:01:51] Move for approval. [00:01:53] I'll second. [00:01:54] All in favor, say aye. [00:01:56] Aye. [00:01:57] Aye. [00:01:58] All in favor, say aye. [00:01:59] Aye. [00:02:00] All in favor, say aye. [00:02:01] Aye. [00:02:02] All in favor, say aye. [00:02:03] Aye. [00:02:04] All in favor, say aye. [00:02:05] Aye.

   This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.

4. 4.a

   ↳You arrived here from a search for “Magnuson Hotel” — transcript expanded below

   Commercial Real Estate Redevelopment Grant Agreement w/Aqua Harbor Developments, LLC

   discussed

   The CRA Board considered a Commercial Real Estate Redevelopment Grant Agreement with Aqua Harbor Developments, LLC for the redevelopment of the former Magnuson Hotel site at the southwest corner of US 19 and Marine Parkway. The $25 million project includes 96 condominiums in two buildings, a 90-unit Hilton Home2 Suites hotel, and a marina. The economic incentive package totals $7,743,352, including waiver of building permit fees ($404,350), waiver of water/sewer impact fees ($328,320), $1.5M in Florimar Terrace improvements, and transfer of 96 development rights valued at $5,440,032.

   • discussion:Board discussed and reviewed the Commercial Real Estate Redevelopment Grant Agreement with Aqua Harbor Developments, including economic incentives totaling $7,743,352. (none)

   📍Florimar Terrace📍Southwest corner of US Highway 19 and Marine Parkway🏢Aqua Harbor Developments, LLC🏢Hilton🏢Home2 Suites by Hilton🏢Hyatt Place🏢Magnuson Hotel🏢Marriott👤Eric Simone👤Greg Horvath👤Paul Simone#CRA sunset year 2049#Capital Improvement Project FY 27-28#Coast to Coast Trail (FDOT)#Commercial Real Estate Redevelopment Grant Agreement#Community Redevelopment Plan update of 2018#Gulf Harbors#Pasco County Environmental Land Acquisition Program (ELAP)#Pinellas Trail connection#Transfer of Development Rights (TDR)#Trouble Creek County Park

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   [00:02:06] Thank you, Mr. Mayor. [00:02:07] I was expecting the applicant to be in attendance this evening. [00:02:11] He may be joining us shortly, and it will be represented by Mr. Paul Simone and Eric [00:02:19] Simone this evening. [00:02:21] The property that we're talking about tonight in respect to this agenda item is located [00:02:30] on the southwest corner of US Highway 19 and Marine Parkway. [00:02:34] It consists of 3.67 acres of property, which used to house the Magnuson Hotel. [00:02:43] It is a property which was first referenced in the Community Redevelopment Plan update [00:02:55] of 2018 and was considered to be a property of critical importance to the CRA in respect [00:03:05] to its redevelopment, in large part as a result of the fact that it bared considerable consequence [00:03:17] in respect to the fact that it in all likelihood would lend itself well to other redevelopment [00:03:27] opportunities if it were to be redeveloped. [00:03:31] The current project calls for the establishment of 96 condominiums, which are to be established [00:03:41] in two buildings that are equally divided into 48 each units, a 90-unit branded hotel, [00:03:56] which is to be a Hilton Hotel, and they are specifically at this point slated the hotel [00:04:08] to be a Home 2 Suite brand, which is Hilton's brand for business travelers and those that [00:04:18] need more space for longer stales. [00:04:21] It's a mid-scale hotel and it's intended for families as well. [00:04:28] The other use that they will accommodate on the property is a marina. [00:04:36] They are expecting at this point, the projections are that it will be a $25 million investment [00:04:48] collectively to bring the project to fruition, the result of which will represent a $14,925,752 [00:05:04] yield to the city's CRA through the tax year 2049, which is the year in which our CRA sunsets. [00:05:16] And that's with a very conservative projection. [00:05:20] We used a 3% yield for inflation in our estimates to come up with that projection. [00:05:30] In June of last year, this matter was brought before you and we set forth a outline of financial incentives [00:05:45] that we thought were appropriate to support the project. [00:05:51] And since that time, we have stayed consistent with what was originally proposed to you, [00:06:01] with just a couple of exceptions. [00:06:03] And I'll outline to you what is being proposed along with the changes that have been made. [00:06:11] After I talked to you a little bit about the timeline for the project, which has not been changed, [00:06:24] they still are talking about completing the site improvements by December of 2025 [00:06:34] and the condominiums by August of 2026, commencement of the hotel by March of 2026, [00:06:44] and the Hotel C of O to be issued by January of 2028. [00:06:53] The economic incentives include the waiver of building permit fees. [00:07:01] The building permit fees are estimated to be $404,350. [00:07:08] What's different about that at this time than what was presented to you originally [00:07:14] is that we are proposing that those building department fees, which will be paid out of CRA funds, [00:07:21] is that we will pay for those over a two-year period of time, [00:07:25] commencing in fiscal year 24-25 rather than in one year. [00:07:32] Additionally, we are recommending that the water and sewer impact fees be waived. [00:07:40] It is expected that the water and sewer impact fees will result in a $328,320 fee. [00:07:54] Again, much like the building permit fees, we are recommending that they be paid for over a two-year period, [00:08:04] commencing also in the fiscal year 24-25. [00:08:11] And we have committed to making improvements on Florimar Terrace, [00:08:18] and those improvements are slated to cost $1,500,000, [00:08:27] and they'll be funded through the CRA, [00:08:32] and they are included in the city's capital improvement project for the fiscal year 27-28. [00:08:41] Additionally, there is a commitment to transfer some development rights to the project [00:08:50] for purposes of constructing the hotel, [00:08:54] and that is for a total of 96 dwelling units, [00:09:01] and we have based a value for that on the appraised value for the development rights. [00:09:09] Each development right is appraised at $56,667, [00:09:17] which collectively represents a total of $5,440,032. [00:09:32] And the total economic development package then is $7,743,352. [00:09:45] The city attorney has drafted a development agreement which covers the terms as I've outlined them to you, [00:09:58] and it is attached to your agenda packet and noted as the commercial real estate redevelopment grant agreement. [00:10:08] And Mr. Simone is now in attendance along with his architect. [00:10:14] Hello. [00:10:15] And I'm prepared to respond to any questions you may have related to this agenda item, [00:10:20] and they are here as well. [00:10:23] Would you like to make a presentation? [00:10:26] You brought things? [00:10:37] Do you want to take a look at the rendering of the hotel, Mr. Mayor? [00:10:41] Yes. [00:10:42] Yes, thank you. [00:10:44] Do you have graphics of any kind with you here? [00:10:48] We brought graphics, but I'm not sure how to do it. [00:10:51] Yeah, we would like to see the graphics. [00:10:55] They do have renderings of the condominiums, but if you have something on the hotel. [00:11:06] Is there a way to display that? [00:11:08] See that up there? [00:11:09] I think if we could get the camera right in front of the city attorney and the city manager, we could see it. [00:11:15] Or there must be another angle that we could have. [00:11:18] That's good. [00:11:20] Yeah. [00:11:25] In what form do you have it? [00:11:27] Do you have printouts? [00:11:28] We have 11 by 17 format. [00:11:30] Okay, well, we can pass that along or whatever. [00:11:34] Start with the city clerk or, yeah, and she'll pass it. [00:11:38] The black board there is what I'm thinking. [00:11:41] If you wanted to, you could put it on the camera. [00:11:45] Well, the board is just a site plan for the condominiums. [00:11:50] We went ahead and constructed a small 30-scale model. [00:11:54] I'm not sure that's the best place to. [00:11:57] Okay. [00:12:01] They actually have that drawing in the pack. [00:12:03] Yes. [00:12:04] What we did is we built a 3-D model identifying the massing of the proposed hotel. [00:12:17] Just take it right there with the mic, out there with the mic. [00:12:22] Oh, to assist. [00:12:25] You can just pass this around. [00:12:27] Yeah. [00:12:28] Okay. [00:12:29] I'll be careful. [00:12:32] Okay. [00:12:33] Of course, it's in a floodplain. [00:12:35] So basically the building. [00:12:40] Get him on the microphone if you can. [00:12:42] Keep talking to the mic. [00:12:44] Yeah, if you can't talk into the mic. [00:12:46] Go ahead. [00:12:48] All right, broke it. [00:12:50] As you all know, we started the site work for the condo project. [00:12:56] Probably late August, beginning of September, we're going to start going out. [00:13:07] We had some piling issues with the foundation, but we resolved it. [00:13:15] And every three weeks we'll be going up a floor, and then we'll hit building two. [00:13:22] So I'd like to be done the whole project with the hotel within three years. [00:13:30] So the hotel proposal, which is by Hilton, Home Two Suites, [00:13:41] is probably the only flag that fits that market there. [00:13:46] It's going to have a bar. [00:13:49] The pool will be on the second floor. [00:13:53] Actually, it's a pretty unique design. [00:13:58] It'll definitely be the one of the nicest hotels in Paso County, that's for sure. [00:14:03] The one on 54, the Hyatt Place, that's a pretty nice property, [00:14:09] but besides that one, it should be one of the nicest ones in Pasco. [00:14:15] It's all suite product. [00:14:18] It's not an extended stay. [00:14:21] We don't want that market, but it has a sofa and a room. [00:14:29] Rates are a little high. [00:14:32] Try to avoid cheapy people coming in. [00:14:38] But there's the Home Twos you see out there today. [00:14:46] This one is because it's on the water, and it's going to have a bar and restaurant. [00:14:53] Hilton going through approval right now with them. [00:15:00] So this is what we can do. [00:15:02] Sorry, I had to turn this thing off. [00:15:12] I don't know what else to say about the flag. [00:15:15] I mean, there was other flag opportunities, [00:15:17] but it's a very tight site. [00:15:23] Courtyard doesn't fit there. [00:15:25] Hill Garden Inn doesn't fit there. [00:15:28] If you prefer to have a Hampton, [00:15:32] we can put a Hampton in the suites there, [00:15:34] but I gotta push the restaurant and bar, [00:15:37] because usually Hampton Inns don't have that. [00:15:41] So I... [00:15:43] You're the professional. [00:15:44] I believe that this is the right flag for, [00:15:47] I mean, I've been doing this for 38 years, [00:15:49] so it fits, it fits. [00:15:55] I mean, I wouldn't, [00:15:56] it's gonna cost probably $18 million to build this hotel. [00:16:03] It's danger putting the right flag there. [00:16:08] Anybody have any questions? [00:16:09] Is there a pool at the hotel? [00:16:11] It'd be on the second floor. [00:16:12] Second floor? [00:16:14] I can't. [00:16:15] First of all, that's actually, [00:16:17] it depicts a pool on the back end. [00:16:19] Yeah, it's right bayside. [00:16:22] Not a very large pool, but a very... [00:16:24] A very attractive, small setting. [00:16:26] It'll be elevated on the second floor. [00:16:28] It's not really a pool where you can jump in and dive in. [00:16:33] We're going three feet. [00:16:35] If that. [00:16:36] Three feet. [00:16:37] It'll be less... [00:16:38] If people go in, they can, you know. [00:16:40] But again, we're structurally designing it up. [00:16:42] Move over by the mic. [00:16:43] In the parking area. [00:16:44] Move over by the mic. [00:16:45] Yeah, we're not building it at grade. [00:16:47] We're actually elevating the entire pool structure, [00:16:48] so it won't be a heavy, deep pool. [00:16:50] It'll be a splash pool. [00:16:52] It'll have a children's end as well [00:16:54] for family congregation. [00:16:57] It's pretty exciting. [00:16:58] We've designed four different products [00:17:00] at the same exact site. [00:17:02] And Paul and I agreed through the process [00:17:04] that this is probably the best [00:17:05] and most suitable for that location. [00:17:08] Is the restaurant entice people from town to go to, [00:17:11] or is it pretty much for the hotel? [00:17:14] What was the question? [00:17:16] The restaurant is really for the hotel use, primarily. [00:17:19] We were looking originally at placing a food service [00:17:21] and a bar on the top floor of the hotel [00:17:24] and doing the ray diagramming, [00:17:25] and we 3D modeled it, and you won't see the water. [00:17:28] You'd almost have to walk over to the edge [00:17:29] and look all the way down seven levels to see the water. [00:17:33] So really, it would just be a really hot space up there. [00:17:37] Security-wise and insurability-wise, [00:17:39] we didn't want to have private people, [00:17:41] not private, public people coming up an elevator, [00:17:44] possibly been drinking all afternoon, [00:17:46] mixing with the Hilton guests. [00:17:48] The Hilton brand is not really excited about that. [00:17:51] They really want this to be a product for them, [00:17:53] and then the local people can actually mix in as well [00:17:56] on the second level, but without bringing them [00:17:59] into the residential floors, they would have a lockout. [00:18:02] So they wouldn't be able to just get on an elevator [00:18:05] and go upstairs and start banging on doors [00:18:07] in the middle of the evening, [00:18:08] because this has to be a very secure residential use. [00:18:12] It's a nice flow design. [00:18:13] You pull in underneath and have a real nice, [00:18:15] beautiful vestibule where you walk in, a drop-off area. [00:18:20] You take the elevator up to the next floor, [00:18:22] and everything's wide open. [00:18:24] You'll be able to see the water, [00:18:26] and the registration, the lobby will be there, [00:18:29] the kitchen's there, and then you can walk out [00:18:32] to the pool area, and then the restaurant is, [00:18:38] the restaurant bar is there, and the kitchen's there, [00:18:42] and I'll put my office there, too, you know, backside. [00:18:50] I, this is a tough call, because Marriott proposed [00:19:01] to do a courtyard and proposed to do a Spring Hill Suites. [00:19:07] I didn't like the Spring Hill Suites layout, [00:19:09] very costly to build. [00:19:12] It definitely doesn't fit a courtyard, [00:19:15] and we could have done a boutique hotel, [00:19:18] but a 90-room boutique hotel, like a Tapestry or Aloft, [00:19:30] it really doesn't fit the market, and it's high-risk. [00:19:38] So, Home 2 is the way to go, is the way to go. [00:19:49] Yeah, are we gonna have any, like, conference room [00:19:52] or meeting room areas in this hotel? [00:19:54] Yeah, we have, yeah, right, immediately. [00:19:57] Hey, no, let me shut this thing off, I'm sorry. [00:19:59] Not a large conference area, [00:20:00] but we do have a conference space. [00:20:02] Mike, there will be one conference area. [00:20:05] It's not massive, it's not a large area, by any means. [00:20:11] It's all the subcontractors contacting them. [00:20:14] It's still light out, we're still building. [00:20:17] Yeah, basically, there's a conference room [00:20:19] that's on the elevated floor, [00:20:20] it's not on the actual lobby floor, [00:20:21] which is the first elevated floor, it's the floor above. [00:20:24] And so, we kind of isolated that. [00:20:30] Can you just turn it off? [00:20:31] Here, turn the volume down. [00:20:35] And then, we're using the restaurant area [00:20:37] and the lobby space all, [00:20:39] because we have the condominiums next door. [00:20:40] So, if they wanna hold, like, a monthly meeting [00:20:43] or something like that, and it's acceptable [00:20:47] by the ownership group, there's enough space there [00:20:50] that they could actually rent or lease [00:20:52] or just use the area, as well. [00:20:55] That was one of our biggest concerns. [00:20:57] A lot of the other brands don't have the flexibility [00:20:59] to have larger spaces like that. [00:21:01] The Home 2, because it is a popular newer brand, [00:21:03] and we have isolated the whole lobby floor [00:21:06] above the parking, it lends itself really well [00:21:10] to that use, as well. [00:21:11] So, if you wanna have, like, a wedding, [00:21:12] a reception, or something, that whole lobby floor [00:21:15] could be in use. [00:21:17] And so, that's kind of exciting. [00:21:19] What, that conference room area, [00:21:21] approximately how many people will it hold? [00:21:23] For the small conference area, we can do, [00:21:26] we propose 12 people, 12 large seats, [00:21:29] kind of like a formal conference area. [00:21:32] But we have an option on the project, as well, [00:21:34] if we wanna take out a two-story volume in the lobby, [00:21:37] that we could actually make that even larger [00:21:40] and just, you know, basically take out [00:21:42] the two-story element. [00:21:43] So, we have the ability to make a larger conference room. [00:21:47] The ownership and Hilton are still [00:21:49] bouncing that back and forth. [00:21:52] Thank you. [00:21:52] Yeah, you're welcome. [00:21:54] Do you still have the graphics, the colored? [00:21:56] Yes. [00:21:57] Where'd that go? [00:21:58] Is that gonna get circulated around? [00:22:00] I mean, you can circulate it as much as you'd like. [00:22:03] Yeah, I think that'd be helpful for people to see. [00:22:04] It reminds me of Kaiser a little bit, [00:22:07] your other hotel, in terms of the cubic, [00:22:11] square color variation, or whatever. [00:22:17] Three colors, it's consistent with the kind of product. [00:22:25] Yeah, we're also trying to create a product [00:22:27] that looks really nice alongside [00:22:29] and adjacent to the condominium towers, [00:22:32] without trying to copy the condominium. [00:22:33] This definitely has to speak Hilton, [00:22:35] and their colors are really key right now. [00:22:38] Something very fresh and different. [00:22:40] I think the massing and the window relationships, [00:22:43] the glass color, it's all gonna be [00:22:45] very similar to the condominium, [00:22:46] but the building itself will have [00:22:47] a little bit different alphabet. [00:22:50] And I think that's okay, it's a different use altogether. [00:22:53] But in keeping with the massing and the window sizes [00:22:56] and all, it's very compatible. [00:22:59] Yeah, Mr. Chairman, I just wanna talk for a moment [00:23:04] about the financial part of this [00:23:06] and the deal that's in front of us. [00:23:08] And I wanna thank our director [00:23:11] for still providing you with the ability [00:23:17] to have the density rights that you needed [00:23:20] without having to have it cost the CRA its cash flows. [00:23:26] And so I think I commend you for that. [00:23:28] I mean, it's not on our books as a value, [00:23:31] but it does have value. [00:23:33] And so I appreciate the fact that you are recognizing [00:23:37] that our limited inventory of residential density [00:23:40] on that side of the highway, [00:23:42] I think has long been considered to end up on that site [00:23:45] even before it became your property. [00:23:48] And so I'm happy to see that the plan [00:23:50] that started our creation of an inventory of density rights, [00:23:56] it can be used in such an exciting way. [00:23:59] So congratulations on your project. [00:24:02] I also noticed that the improvements [00:24:08] that we have committed to the exterior [00:24:12] of the public owned zones had been presented [00:24:15] by Mr. Horvath back in the June [00:24:17] as being able to accommodate if it were to occur [00:24:22] a connection of a lot of investment [00:24:24] we put in our bicycle trail to the Pinellas Trail. [00:24:28] And so there's been a theory [00:24:31] of bringing that Pinellas day traffic into our city. [00:24:36] And so in some regards, I just want to make sure [00:24:40] that the CRA board will be involved in the design of that. [00:24:44] Obviously you're the closest neighbor [00:24:46] and the one that would be impacted, [00:24:48] but I wanted to make sure that you were aware [00:24:53] that the Florida Department of Transportation's [00:24:58] Coast to Coast Trail, which starts in Titusville [00:25:01] and comes all the way to Starkey Boulevard [00:25:04] across the state that we aspire to be a spur of that [00:25:10] so that we could entice ecotourists [00:25:13] into coming into our city, into our area. [00:25:16] The fastest way for an ecotourist to leave Titusville [00:25:20] and follow that trail, which has been under construction [00:25:23] for a number of years would be to go to the County Park [00:25:26] at the end of Trouble Creek. [00:25:28] And so we've envisioned for some time, [00:25:32] the potential of a track that would get them there. [00:25:35] And in fact, the 10 acres that's behind Gulf Harbors [00:25:38] that connects back to the parcel of vacant land [00:25:42] off of Trouble Creek is where these density rights began [00:25:48] not the particularly the same ones that you're using [00:25:50] but where this density rights TDR came from. [00:25:56] The land that is vacant is now part of the County's ELAP, [00:26:01] Environmental Land Acquisition Program. [00:26:03] And so there is some really good opportunity [00:26:06] for us to connect your property and the residents [00:26:10] who would live there to that type of bicycling [00:26:16] and trailing into Tarpon and into Pinellas [00:26:18] on the Pinellas Trail, which has been one [00:26:21] of the most popular ones in the state. [00:26:22] So whether or not it's an overpass into that site [00:26:28] as had been designed by Greg last June, [00:26:31] or just even for us to be able to get folks [00:26:34] from the Pinellas Trail to come in, [00:26:37] certainly I would imagine both for the hotel [00:26:40] and for your business that the idea of you being part [00:26:45] of our ecotourism commitment would be important. [00:26:50] And I wanted to mention that just to get any reaction [00:26:53] that you might have to those kinds of plans [00:26:55] that the city has. [00:26:57] Okay, there's one thing to keep in mind. [00:27:02] So I have a 30 year relationship with Hilton. [00:27:10] So I get a little bit of insight feedbacks. [00:27:14] So there's the one thing I can assure you [00:27:18] that the generating room nights coming [00:27:26] through everybody's leaving this area and going to 54. [00:27:31] They want something a little bit better. [00:27:33] The comfort is doing pretty good. [00:27:36] I wanted a comfort there because it's just a little bit nicer [00:27:40] than everything else, but we're missing the best, right? [00:27:46] The people want something more. [00:27:49] So this product here will bring them that, [00:27:53] I can promise you that. [00:27:54] So it's quite a bit that's leaving this area. [00:27:59] A bike trail might help you sell condominiums too. [00:28:04] What's the price? [00:28:06] No, I said the bicycle. [00:28:08] The ecotourism, the ecotourism opportunity [00:28:11] to extend the spur up towards the hotel property [00:28:16] it is very unusual property because it's the only area [00:28:18] along 19 that the ocean comes in besides the bridge North. [00:28:21] And that's really cool. [00:28:23] I think, you know, I've often thought [00:28:25] that these properties really don't exist anymore. [00:28:28] And so we've really been excited about this opportunity. [00:28:32] You know, my wife does the trail. [00:28:34] We've been all through Florida. [00:28:35] We've been up Bushnell, anywhere the trail is [00:28:38] my wife has me take her up there. [00:28:40] It all looks the same to me when I'm on it pretty much [00:28:41] but she really enjoys it. [00:28:43] And I think there's so many people now [00:28:45] that are into electric biking, you know, and scootering. [00:28:49] I think it'd be a great benefit to this area [00:28:51] and actually to give people like a destination [00:28:53] of some sort by utilizing the property at the hotel. [00:28:56] Yeah, well, I mean, not just the hotel [00:28:58] but I think the people in the condo said, [00:28:59] Hey, yeah, same with the condominium. [00:29:02] Yeah, this is what we're into. [00:29:03] And it's right by our back door. [00:29:05] Right, right. [00:29:06] You're saying it's going to help the condominium. [00:29:08] We're not asking you for money. [00:29:09] I think we just want to make sure that you know [00:29:11] that your property is well-positioned. [00:29:14] Again, you would be the first spot [00:29:16] from people leaving the space coast [00:29:18] to be able to see the Gulf of Mexico. [00:29:20] So we could become the Gulf or the Gulf of America [00:29:25] or what the Gulf, you'd be the first people [00:29:28] the first place people would want to come [00:29:31] that were tourists coming from the Atlantic side. [00:29:36] Yeah, and having that as a stopping part [00:29:38] and a place to see it. [00:29:40] You'd probably get a ton of photo, [00:29:44] social media potential out of it as well. [00:29:47] So I just hope that you would embrace it [00:29:49] because I wanted to make sure you knew about it [00:29:51] as it's maybe a plan that could be accommodated [00:29:57] in the right way in the. [00:30:00] of that million-plus that you've got in mind planning there. Not that it would be [00:30:05] part of that, but to accommodate it, we'd want to make sure you could see what we [00:30:10] have in mind as we go along. [00:30:14] Well, we don't have any design documents. We only have the components that we want to include in the redesign. [00:30:21] I know you can. Thank you so much. [00:30:25] Thank you. [00:30:27] Any other public comment behind you? [00:30:29] I do want to go back to the money part of it again and say that I appreciate the fact that we can do this without [00:30:36] restricting our CRA dollars, and that was the whole intention. You still get what you want and what was told that you [00:30:43] would get, and we're able to accommodate it internally by managing to move that money over to our public works [00:30:53] department and also to our building department as they need it. [00:30:58] How long will it take you to finish the plans? [00:31:01] We have a proposal here. [00:31:03] Six months? [00:31:04] To adopt it. [00:31:05] That's six months. [00:31:07] Yeah, I'll do it. [00:31:09] Do we need a public comment? [00:31:11] Yeah, I just asked and no one got up to it. [00:31:13] Well, I'll make a motion to approve the agreement as presented and provide for any scrivener's errors or any adjustments that [00:31:29] need to be made to that degree. [00:31:32] I'll second. [00:31:35] All those in favor, signify by aye. [00:31:37] Aye. [00:31:38] That's four nothing. Thank you very much. [00:31:40] Okay, thank you. [00:31:42] Do you want to keep the graphics? [00:31:45] That's just another version. [00:31:47] That would be helpful, thank you. [00:31:48] Would you like that? [00:31:49] There's something else I want to bring up to you real fast. [00:31:51] Give you the model background. [00:31:53] I sold 30% of the project. I had no choice, but he's funding all the money. He's a billionaire. He's got deep pockets. [00:32:02] So he told me build everything, get it done. So I'm pushing to get it done. [00:32:10] I've got the numbers. I'm in the dates. [00:32:13] It's a big project. [00:32:17] All right, thank you. [00:32:18] Thank you. [00:32:19] Good luck. [00:32:20] Thank you. [00:32:21] Did you leave your son working? [00:32:25] Did you leave your son working? [00:32:27] Excuse me. [00:32:28] Where's Eric? [00:32:29] Where's Eric at? [00:32:30] Yeah, would you leave your son working? [00:32:34] Excuse me. [00:32:35] Where's Eric? [00:32:36] Where's your son? [00:32:39] I'm just kidding. [00:32:41] Okay, okay, gotcha. [00:32:43] All right, all right.

   This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.

5. 5Adjournment▶ 32:45