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Productivity Minutes 07/21/2010 July 21,2010 MINUTES OF THE COLLIER COUNTY GOVERNMENT PRODUCTIVITY COMMITTEE Naples, Florida, July 21,2010 LET IT BE REMEMBERED, that the Collier County Productivity Committee, having conducted business herein, met on this date at 2:00 PM in REGULAR SESSION in Building D, Risk Management Training Room located at 3301 Tamiami Trail E, Naples, Florida, with the following members present: CHAIRMAN: Stephen Harrison Bradley Boaz (Excused) Doug Fee James Gibson James Hoppensteadt Vladimir Ryziw Joseph Swaja (Excused) Janet Vasey ALSO PRESENT: Commissioner Frank Halas - BCC Liaison Mike Sheffield, Assistant to County Manager Crystal Kinzel, Finance Director 1 July 21,2010 1. Call to Order Chairman Harrison called the meeting to order at 2:00 PM. The following revisions were made to the Agenda. Add: II A. Public Comments Move: III A. to II B. Recommendationsfor appointment of new members to the Productivity Committee II A. to II C. Finalize analysis of potential economic impacts and potential funding options for the Jackson Labs project Mr. Gibson moved to approve the Agenda as amended. Second by Mr. Ryziw. Motion carried unanimously 6-0. II. Old Business A. Public Comments Noreen Murray asked if it makes sense to diversify and build our County economy to tax-exempt entities. The entities utilizing space will not pay property or corporate taxes. She voiced concern on depending on National Institutes of Health (NIH) funds through the Federal Government. She also pointed out Jackson Lab is not currently in the bio-medical field. She has concern over deficit and the national debt and stated there are many other companies experienced in the field that could provide more diversification and benefits to the County. Duane Billington stated there will be no cash return to the tax payers if the County keeps bringing in entities that have to be supported by tax dollars. The Washington Economic Group (WEG) report is bogus as questions go unanswered or avoided. He expressed the need for an economic analysis on the cost of bonding. He added the dollar has a time value to it and should be taken into consideration. Tony Pires expressed concern on funding issues on Option 1 and 6, which would be a combination of franchise fees and ad valorem tax because Marco Island, Everglades and Naples residents in the unincorporated areas would be double taxed. The County should receive security in the form of a couple of 100 acres from the developer in Ave Maria. The Land Use and Zoning and the Master Plan only provide for residential land use and the Ordinance would need to be revised. Jim Smith remarked the Press is making false analogies such as the project is like a shopping center where a magnet store contracts and attracts other industries. Collier County is going in with the State 50/50 on the project. The split is actually 52/48 because Collier County currently pays 2 % of the State revenues. WEG report is on based on assumptions. He does not want to see his tax monies being spent in the highly contested field of biomedical research. B. Recommendations for appointment of new members to the Productivity Committee John Kerns gave a brief history introduction to the Committee. 2 July 21, 2010 The Staff distributed candidate applications and resumes as submitted. (See attached) It was noted that candidates, Henry Struminger, is out of the country and unable to attend today's meeting and Scott Lowe's application was marked "not a registered voter" in error. The Committee Members were directed to mark ballots by choosing 3 candidates. The top 3 candidate applications will be submitted to the Board of County Commissioners for approval. The votes were publicly tallied. Mr. Hoppensteadt moved to recommend John Kerns, Leslie Prizant and Cheryl Pavlick's applications to be submitted to the Board of County Commissioners for approval (for candidates to serve on the Committee.) Second by Mr. Gibson. Motion carried unanimously 6-0. C. Finalize analysis of potential economic impacts and potential funding options for the Jackson Labs Project The Economic Viability of Jax-Florida and Financingfor Jax-Florida - both drafts were distributed to the Committee for review prior to submission to the Board of County Commissioners. Economic Viability of Jax-Florida The following was discussed and recommended: · Section B, Page 2 - Change of "the expenditure of $260 million." · Section C, Page 4 - Incorporate "$50 million is contingent upon Federal funding. " · Section D, Page 10 - Addition of "Collier Enterprise to make a contribution of a large parcel of land in Ave Maria." Commissioner Halas recommended that the Committee request the Board of County Commissioners to negotiate a land donation for property in the Ave Maria area with Barron Collier. Financing for Jax-Florida The following was discussed and recommended: · Preliminary Economic Viability - Possible Deal Killers · Options for Financing $130M - Pages 6 & 7, change as follows: · 1 - "about $3/month" · 2 - "over 1 0 years cost $417 per $200k" · 3 - "increases and costs $390 per $200k" · 4 - "General Obligation Bonds" · 5 - "total general government estimated debt ratio to 12.2%" · 6 - Addition of "Prepared by County Budget Office" · 7 - Clarify "112 % Sales Tax" and "qualification of Jackson Building. " 3 July 21,2010 Mr. Hoppensteadt moved to accept the two draft documents (Economic Viability of Jax-Florida and Financing for Jax-Florida) with the addition of verbiage covering DRI implications and the risks of viability on the 750,000 square feet dedicated to medical and educationalfacilities and the private contribution of the Developer. Second by Mr. Ryziw. Discussion continued on the motion and there was a recommendation to add the announcement made today by Jackson Laboratory - "It's first medical partner for the new research and educational village in Collier County will be the University of South Florida." (See attached) Mr. Hoppensteadt stated he supported the amendment. Motion carried unanimously 6-0. Chairman Harrison distributed and reviewed a Jackson Laboratory Project Review - Draft. (See attached) The Committee recommended revisions as follows: Preliminary Economic Viability Possible Deal Killers - Page 2 · Add - County should get Letters of Intent prior to any disbursement of funds · Add - Funding coming from the State · Add - Contributions from Developer and other parties benefiting Negotiation Ideas to Improve Viability - Page 4 · Note first 2 points should state one or the other. Commissioner Halas recommended inviting a representative from the Washington Economic Group to attend the BCC meeting to determine what was put in the model and ask further questions. Estimated Impact on Citizens - Page 9 · Add Option numbers. · Option I - Add (Unincorporated) · Option 3 - Add "$52 per year" · Option 4 - Add "$29 per year over 25 years" · Option 5 - Add "$29 - $34 per year depending on revenue for 25 years" · Option 6 - Remove "$36 for 2.5 % Franchise and reflect $48 per year" · Change title to "Financial Impact on the Public" The Committee discussed the pros and cons of each Option and then voted for 2 Options. The winning Options were "General Revenue Bonds" and "112 % Sales Tax plus." Mr. Hoppensteadt moved to recommend Options 4 and 7 as the Committees' preferable funding mechanisms; both options require voter approval and noting Option 7 has some complicated legal issues. Second by Mr. Ryziw. Motion carried 5-1. Doug Fee opposed. 4 July 21,2010 Recess - 4:30 pm Resume - 4:40 pm Discussion continued on what position the Committee would take on the Viability of Jax-Florida. Mr. Hoppensteadt moved to accept Janet's verbiage to be included in a cover letter "the Committee unanimously agreed the economic viability of the proposed Jax-Florida biomedical complex cannot be validated, with certainty, based on available information." Second by Ms. Vasey. Motion carried unanimously 6-0. Ms. Vasey read a transmittal letter she prepared to submit to the Board of County Commissioners with Committee recommendations for the Jax-Florida Project aloud. (See attached) Discussion was made on the contents of the transmittal letter and the Committee suggested including the level of risk involved, additional County money and the Committee's recommendation for funding. Ms. Vasey suggested adding "the Washington Economic Group report, which quantified the potential economic impact in Collier County, appears optimistic." Mr. Hoppensteadt moved to accept Janet's letter as amended. Second by Ms. Vasey. Motion carried unanimously 6-0. III. New Business - Discussed after V IV. Committee Member/Staff Comments - None V. Public Comment Pam Brown, a life long Immokalee resident expressed land donation. She asked how jobs (employees) will be paid; stating half the property in Immokalee is not taxed. Noreen Murray stated the project is all plugged in numbers. Collaboration does not mean jobs. If the County and the State pay, they should own the patents and royalty. Scientist should lease the patent from County. Duane Billington agreed with Noreen Murray. Jackson is not recession proof. He would like to see guarantees that revenues will not be diverted and would stay local. III. New Business - A. Discussion regarding the annual summer recess Mr. Hoppensteadt moved to take annual summer recess and not hold a meeting in August. Second by Mr. Gibson. Motion carried unanimously 6-0. 5 July 21,2010 There being no further business to come before the Committee it was moved and seconded to adjourn. The meeting was adjourned by the Chair at 5:15 PM. COLLIER COUNTY GOVERNMENT PRODUCTIVITY COMMITTEE Stephen Harrison, Chairman These Minutes were approved by the Board/Committee on presented or as amended , as 6